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How Does IDCW in Mutual Fund Work? To understand how IDCW works in mutual funds, let’s refer to the illustration below. Also, this is a break-up of income and capital distribution in the monthly CAS sent to the investors. Record Date 30-Mar-21 Dividend Rate 7 Cum NAV on record Dat...
These mutual funds are registered with the Securities and Exchange Board of India (SEBI). The AMCs ensures that the investment procedures and principles of the Fund are in compliance with the SEBI norms. To select the right fund, you need to first know the types of mutual funds available in...
regulatory directive is to clearly communicate to the investors that, under Dividend Option of a Mutual Fund Scheme, certain portion of the capital (Equalization Reserve) can be distributed as dividend. Accordingly, SEBI circular requires Mutual Funds to rename Dividend option(s) as per the above ...
The non-residents of India have a great option of investing in dividend mutual funds for perpetual income. This investment alternative credits undisturbed income in their account. If there seems any delay upon the declaration of the profit of the underlying company, the financial institution ...
What are ELSS Funds? ELSS or Equity Linked Savings Scheme are tax-saving mutual funds in India. They combine the benefits of equity investments with tax deductions under Section 80C. ELSS has a 3-year lock-in period, offering the potential for high returns and tax savings, making it a ...
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UTI Mutual Fund is one of the leading asset management companies in India. Learn about mutual funds, NAV, SIP, etc. and invest in mutual fund schemes online.
He is also having Board experience of around five years in an Asset Management company. Other Directorship: • IFCI Limited • PNB Investment Services Limited • IFCI Venture Capital Funds Limited • SIDBI Venture Capital Limited • Nansamruddhi Finance Limited • PNB Metlife India ...
If you get the basics of Mutual Funds now, you will want to ask who regulates all the Mutual Funds in India. The answer is The Securities Exchange Board of India (SEBI). You have to ensure any fund you pick follows SEBI’s guidelines before investment. Now that you know the basics of...