Reliance Mutual Fund is changing its strategy of chasing the AAUM, to now focus on increasing its bottomline. The AAUM of Reliance Asset Management Company (Largest Mutual Fund Manager in India) is slowly tapering off. Does this mean it has given up its self-styled race for size to now focus on making its balance sheet stronger? Reliance the … Continue reading »
Mutual Fund is an excellent financial product which allows pooling of resources to reduce overall cost of investing and sharing of risks. E-Mail/Electronic Communication Feature of MUtual Fund Account statements and scheme related documents can be send to your mailbox Benefit of Fund Email delivery of your account statements ensure that you do not waste … Continue reading »
A few of those most common features of mutual funds are highlighted. Mutual Funds not only provides convience for investing your money, but also offer a variety of features to benefit investors. Continue reading »
SBI Magnum Taxgain Scheme 1993 dividend for 2009 has been announced by SBI MF. With over 17 lakh investors and a stable track-record of over 15-years SBI Magnum TaxGain ELSS Scheme 1993 has proved to be one of the most consistent performer amongst the tax saving schemes category in the Indian Mutual Fund Industry – OnlineMF Continue reading »
Click on the below mentioned link to open spreadsheet to calculate how much an investor ends up paying the AMC as NFO expenses. These amount can assume huge proportions depending upon the size of the NFO. http://spreadsheets.google.com/ccc?key=pqV_K4lfRDq0b1SGwQ65fCw# Any suggestion to this format are welcome. http://rpc.technorati.com/rpc/ping
SBI MAGNUM TAX GAIN – DIVIDEND HISTORY. Listed is the dividend history of SBI Magnum TaxGain ELSS Fund. One of the best performing tax saving schemes in India. EditGrid Spreadsheet by user/onlinemf. Record Date Dividend (Rs/unit) 22-Mar-12 3.5 18-Mar-11 4 05-Mar-10 4 29-May-09 2.8 15-Feb-08 … Continue reading »
Listed below are reasons why you should not invest in Reliance SIP+Insure. 7 Reasons for not investing in Reliance SIP+Insure Plan. 1] The type of Insurance is Group Insurance Policy. The cheapest and easiest form of insurance policy available with any insurance company. 2] Only the 1st Holder is insured. So, in case, a couple … Continue reading »
How to buy Gold ETF? Listed below is a simple way to own a Gold ETF. Gold EFT are fast becoming a rage in India. One reason attributed to its popularity could be its stellar performance in a relatively subdued market conditions. When first introduced in India, many were skeptical about its relevance and suitability … Continue reading »
A Review of performance of GOLD ETF based on earlier post Gold ETF beats it all Gold Exchange Traded funds have performed exceptionally well since their inception in India. One of the primary reasons attributed to it could be inherent bias of Indians towards gold as a precious metal. However, recently Gold is receiving a … Continue reading »
Often we come across well drafted adverstisements and commercials at the most innocous of all places. Many of us end up falling prey to some smart admen’s near perfect product or advertisement placement. **Tax saving of Rs 33,990 + Rs 9,000 Life Insurance Premium. But, you don’t have to invest an entire lakh. For example, if your taxable income is Rs. 1,70,000, you would need to invest just Rs. 20,000 in a tax saver to reduce your taxable income to Rs. 1,50,000 and drop your tax to zero! Continue reading »
Invest in China with just Rs 10,000 with Hang Seng BeEs ETF: After the mad rush for Gold ETF Asset Management companies were actively scouting go the next big idea to launch to seek cover for their dwindling Assets Under Management(AUM). Accordingly, Benchmark Mutual Fund will be launching an ETF based on the Hang Seng Index. Continue reading »
