Tag Archives: Funds

Invest in debt funds for at least 3 years for income tax benefit

consider at least a three-year time frame for getting better post-tax returns from your debt fund investments. Photo: iStock MORE FROM MONEY » Once-Iffy US-focused pot stocks are becoming investor darlings Axis Bank m-cap erodes by ₹4,709 crore after Q1 results India’s Q1 fiscal deficit at 68.7% of 2018-19 target Can standardisation of exclusions in health insurance policies help customers? ... Read More »

RBI To Make Funds Transfer Via Smartphones Easier

Hyderabad: The Reserve Bank of India (RBI) on Monday said it will become easier in the coming weeks for people to transfer funds between bank accounts through their smartphones. Speaking at the IDRBT Banking Technology Excellence Awards function, RBI Governor Raghuram Rajan also made a case for tax benefits to merchants for promoting digital transactions. Leveraging the high mobile density, ... Read More »

Mutual Funds AUM Falls for Fourth Straight Month in February

New Delhi: Assets base of the country’s mutual funds industry dropped to Rs 12.62 lakh crore at the end of February, making it the fourth consecutive monthly decline, due to lower investment in equity schemes. According to the latest data of the Association of Mutual Funds in India (AMFI), over 40 fund houses in the country together had an average ... Read More »

Gold Dips as Stocks Struggle; Bullion Funds See More Inflows

Singapore: Gold fell early on Thursday as investors cautiously watched volatile stock and oil markets for cues, but stayed above $1,200 an ounce, drawing some support from flows into bullion funds. Fundamentals * Spot gold eased 0.2 percent to $1,226.40 an ounce by 0043 GMT. * On Wednesday, gold had risen as much as 2 percent to $1,252.91 as lower ... Read More »