Stock Market MF News

Although all the rules of Income Tax Act 1961 is clear, in the meantime, there are many such rules about which income taxpayers are not aware. So far more than one lakh people have died in the country during the COVID-19 period. People generally think that they do not have to file income tax returns after death. But it is not so.   As per the Income Tax Act, it is mandatory for every person whose income falls in the taxable limit in the relevant financial year, even if he has died. Let us know some important information related to this rule.   Who will pay income tax after the taxpayer's death? Under Section 159 of the Income Tax Act, 1961, if a taxpayer dies, his legal heir has to pay the tax. Therefore, if you are the legal heir, you must first contact the Income Tax Department and register yourself as the legal representative of the deceased.   Who will be the successor if there is no will? At the same time, if the taxpayer has not made a will, then accordi...

  At present, there are many such banking facilities which are used by almost every customer and fees are charged from the customers for this. But very few people know about it. Till then the use of SMS facility, minimum balance, ATM and cheque, the bank charges you money. But from now on you will have to pay fees for depositing your money in banks and withdrawing.   Bank of Baroda has also started this. Bank of India, PNB, Axis and Central Bank will make a decision on this soon. From next month i.e. November 1, 2020, customers will have to pay a separate fee for banking beyond the limit. It is to be noted that Bank of Baroda has set different fees for deposit and withdrawal of current account, cash credit limit and overdraft account and deposit withdrawal from a savings account. From next month, the customer will have to pay 150 rupees for loan account after three times in a month.   If you talk about a savings account, it will be free for such consumer to deposi...

  Government Life Insurance Company Life Insurance Corporation of India (LIC) offers a variety of insurance and investment options. LIC policies are very popular with the public. In India, one who has a LIC policy has a secure future. One such LIC policy is New Bima Bachat policy plan no. 916. It is a non-linked saving cum protection policy scheme.   Here the premium payment is made in a lump sum at the beginning of the policy plan. This is a money-back policy plan. This money-back policy scheme provides financial protection against death during the policy term. Also, there is a provision for payment of survival benefits of the policyholder in a specified period during the policy term. In addition, at maturity, the single premium is returned with a loyalty bonus (if any available). This policy scheme also takes care of the cash needs of the investor, hence the loan facility is available in it.   This policy scheme has three policy term options depending on the age...

  Mahindra Manulife Mutual Fund has launched the Mahindra Manulife Focused Equity Yojna. This new fund offer (NFO) is open from Monday, October 26, 2020, and will close on November 9th, 2020. It is an open-ended equity mutual fund NFO that will invest in a maximum of 30 shares. All these shares will be high-quality stocks. This NFO is suitable for investors who want to see an increase in their investment over the long term. This NFO is also true for those who want to invest for the medium term and expect better risk-adjusted returns.   Ashutosh Bishnoi, MD, Mahindra Manulife Investment Management, said the Indian economy and equity markets are headed for a strong recovery, as the economy is opening up after the COVID19 lock-down and we are seeing an improvement in corporate performance in India. The Mahindra Manulife Focused Equity Yojna NFO is suitable for investors who want to invest for the medium term as well as good returns. The Focused funds have the advantage of def...

  All mutual fund company The Bank Sponsored AMC   1. The Joint Ventures AMC | Predominantly Indian   - SBI Funds Management Pvt. Ltd. - Union Asset Management Co. Pvt. Ltd. - BOI AXA Investment Managers Pvt. Ltd. - Canara Robeco Asset Management Co. Ltd.   2. Others AMC   - UTI Asset Management Co. Ltd. - Baroda Asset Management India Ltd. - IDBI Asset Management Ltd.   The Institutions AMC   1. Indian AMC   - LIC Mutual Fund Asset Management Ltd. - IIFCL Asset Management Co. Ltd.   The Private Sector AMC   1. Indian AMC   - Essel Finance AMC Ltd. - IDFC Asset Management Co. Ltd. - DSP Investment Managers Pvt. Ltd. - Edelweiss Asset Management Ltd. - Indiabulls Asset Management Co. Ltd. - ITI Asset Management Ltd. - IIFL Asset Management Ltd. - IL&FS Infra Asset Management Ltd. - L&T Investment Management Ltd. - Mahindra Asset Management Co. Pvt. Ltd. - Motilal Oswal As...

  Whenever he started his career with a job in a good company. In most cases, they get a debit and credit card along with opening an account with a private bank. That youth becomes happy with his financial freedom. But at the same time, when using credit and debit cards in front of him, the question arises as to which of these cards is better.   Just as it is difficult to tell who is better in day and night, it is difficult to compare credit and debit cards. As both have advantages, there are some limitations as well. In the future, the consumer comes to know about this as soon as he uses a better option in his financial transactions. The credit and debit cards are actually cash options and very powerful financial resources. The basic difference between credit and debit cards is the withdrawal of money from both cards.   The debit card is issued by the bank and is linked to the consumer's account. Here, a bank account can be current or savings. A debit card is lik...

  A loan against property (LAP) is a secured type of loan, which any beneficiary can pledge his commercial or residential property to the lender. There is no need to show any specific reason for taking a loan against property. Loan against property loan can be taken for the education or marriage of children or to get out of difficult financial situations.   Beneficiaries can take loans from 75 to 90 per cent of its value, depending on the current market rate of their commercial or residential property. This loan can be given for 15 to 20 years according to the convenience of the lender. LAP loans are given by banks and non-banking financial companies. The way to get a loan against property loan is also easy.   The beneficiary will only have to hand over the documents related to the source of his income to the bank so that it can be ascertained whether he can repay the loan given to the applicant. The beneficiary can also provide documents related to his other asse...

  What is the GST registration? The Goods and Services Tax (GST) is an indirect tax, introduced on July 1, 2017. The main objective of implementing GST was to implement a uniform tax regime across the country. Taxpayers in India have to register GST because GST has replaced all previous taxes. Units and companies whose annual turnover is more than 40 lakhs, have to register in GST as a general taxpayer.   This is called GST registration. Currently, GST registration is mandatory in many businesses. Doing business without registration is considered a crime and a heavy fine has to be paid if caught by the authority. Traders who were earlier under VAT or service tax are automatically covered by GST registration. This GST registration also applies to individual taxpayers, agents and suppliers of e-commerce aggregators.   GST Registration process? GST registration usually takes two to six days. You have to fill the GST registration application form and put together the ...

  In simple words, a bond is a written document that gives a fixed return for a certain period to the buyer. When the investor buys a bond, the investor agrees to lend his money to a company or government for a fixed period at a fixed interest rate. In return, that company promises to give you a fixed return every year. When a bond is issued by a private company, it is called Corporate Bonds. This type of bond gives higher returns but the risk is also higher. On the other hand, if a bond is issued by a government, it is called Government Bonds and the returns on these bonds are less but the security is higher.   The bond issuing is returned to the principal amount of the ordinary bond for the period it is purchased as well as the fixed return for a fixed period. But a Perpetual Bond is a different type of bond, it has no maturity period, plus the institution that issues the bond does not return the principal amount even after the maturity period is completed. But if the bo...

  Canara Bank has changed the interest rates on fixed deposits (FD) from less than Rs 2 crore. The bank has raised interest rates on some FDs while cutting interest rates on some FDs. The bank has cut interest on 1-year FD. Now you will get a 5.30% interest on FD maturing in 1 year. Earlier it used to get 5.40 interest. We are telling you what has been the change in interest rates. The new interest rates have come into effect from October 1, 2020.   How much interest will be received on FD

  If an investor invests in stock and after that, there is a growth in its price, then you get the benefit. But can it happen that invest in one place and there are 3 ways in which the investor should make a profit? Investors do not benefit only by increasing the share price in the company's stock. Apart from this, Investor also benefits from buyback and dividend from time to time. In this article, we are telling you about buyback and dividend.   What is a buyback? Buyback means when a company buys back shares of its company from the market.   When and Why Buyback is done Buyback is usually done when a company has cash money. Meaning she buys back her shares in the market with this money. There is no time period or rule as to when to do it or why. It is up to the company that when it feels that it has additional cash, it can. The buyback is done because it increases the promoter's holding in his company. There is also a risk of not making a buyback if the promoter...

  If you are planning to invest in a mutual fund scheme but are afraid of the risk involved in it, then you can reduce the risk by diversifying the portfolio. Risk can also be reduced to a large extent through fund of funds. It is a category of mutual funds. Such that schemes invest money in another mutual fund AMC schemes. Investors who want to diversify their portfolios to reduce risk can invest in FoF scheme. Today we are telling you about the Fund of Funds category of mutual funds.   What are 'Funds of Funds'? Funds of funds are schemes of mutual funds that invest in other mutual funds schemes. But FoF is not limited to index funds and exchange-traded funds (ETFs). By investing in multiple schemes, the Fund of Fund can give to an investor a broad exposure to multiple market segments or strategies and is also likely to yield better returns.   Understand from the example, if the fund manager wants to invest in gold, then he will invest money in gold scheme inves...

  Life Insurance Corporation of India has brought a new Jeevan Shanti deferred annuity plan policy. This annuity plan is a non-linked, individual, non-participating, single premium, deferred annuity policy plan. In this annuity plan, customers will also get loan facility. This annuity plan policy can be purchased both offline and online. LIC said that the annual rate guarantee for the new Jeevan Shanti policy plan is given at the beginning of the policy.   There are two options in the policy, the first option in this plan is the deferred annuity for one person (single plan). After the deferment period in this option, the annuity payment will continue for the life of the annuity recipient. If the annuitant dies, then in this condition the nominee will get his benefit.   Apart from the second option single, you can get a deferred annuity for joint life. In this annuity plan, the annuity payments will continue until the first or second person survives after the defer...

  AMC Customer care number Customer care Email I’d Aditya Birla Sun Life AMC Limited 1800 270 7000 mutualfunds@adityabirlacapital.com Axis Asset Management Company Ltd. 1800 22 13 22 8108622211 customerservice@axismf.com Baroda Asset Management India Limited 1800   2670   189 info@barodamf.com BNP Paribas Asset Management India Private Limited 1800 102 2595 cs.bnppmf@kfintech.com BOI AXA Investment Managers Private Limited 1800 266 2676 1800 103 2263 service@boiaxa-im.com Canara Robeco Asset Management Company Limited 1800 209 2726 crmf@canararobeco.com DSP Investment Managers Private Limited 1800 200 4499 service@dspblackrock.com Edelweiss Asset Management Limited 1800 425 0090 EM...