Baroda BNP Paribas Mutual Fund has announced the launch of Lakshya SIP, an investment solution that merges the advantages of a Systematic Investment Plan (SIP) and a Systematic Withdrawal Plan (SWP). Geared towards long-term wealth accumulation and consistent monthly earnings, Lakshya SIP is designed to assist Indian investors in attaining financial independence and achieving … Read more
Earlier this week, Union Finance Minister Nirmala Sitharaman encouraged financial institutions to develop innovative deposit products to enhance customer attraction. In the latest RBI Bulletin, released on Monday, Governor Shaktikanta Das also highlighted that the share of bank deposits has declined with households allocating savings to mutual funds and pension funds. “It is observed that … Read more
Hemant Rustagi, CEO, Wiseinvest, says that despite mutual funds and other options being there, some investors go for very conservative options for their children’s education thinking that this is one of the most important goals and they would not like to take any risk on that money. Maybe NPS Vatsalya will add one more option. … Read more
Mutual funds have emerged as a popular investment option in India, offering the dual advantage of expert money management and tax-efficient returns. However, to maximize the tax efficiency of mutual fund investments, it’s crucial to understand the different distribution types and taxation methods. Taxation of Mutual Fund Gains The taxation of mutual fund gains in … Read more
Kurian Jose, CEO, Tata Pension Fund, says PFRDA is working on making pension and retirement products appealing to youth and has introduced investing through QR code. Also, the rules to withdraw money partially from the National Pension System (NPS) were changed starting February 1, 2024, whereby an NPS subscriber is allowed to withdraw from his … Read more