Creating a random Mutual Fund Portfolio is never going to be a good idea. Your mutual fund portfolio should be optimized in such a way that it maximizes your returns for a particular level of risk. And to minimize your risk for a target level of returns. To build a portfolio mutual fund is a great way as it provides the best diversification, long-term wealth creation, and professional management. The [...]
Overview of myCAMS(Computer Age Management Service) myCAMS is Computer Age Management Service that was started in 1988. It was started as a mutual fund transfer agency. It was enabled through the IT-sector. And now over 2.5 million users use the company's platform to invest in mutual funds. Computer Age Management Services (CAMS) is a SEBI-Registered Registrar & Transfer (R&T) Agency. This CAMSonline offers users with the technology-enabled services to process-related [...]
Choosing the Best performing Mutual fund need not be as complex as most financial and investment advisers often show. At the time of selecting between various Mutual Funds, you just need to know what factors to look into to analyze and pick the best mutual funds suited for you. Most of those new to investment look at returns, riskiness or ratings of a fund before investing. But all this is [...]
When an AMC launches a new mutual fund scheme, it is referred to as a New Fund Offer (NFO). It operates on a first-come-first-serve basis for the general public to subscribe. NFO is the opening period in a mutual fund scheme. An NFO duration may be from a few days to a few weeks. Purchasing units in your Best Mutual Fund during this period will let you buy units at [...]
GST Requirement for MF Agent Goods and Services Tax (GST) is an indirect tax imposed on the supply of goods and services in India. It is a Multi-Staged tax as it is imposed at every step in the production process, but is refunded to all parties in the various stages of production other than the final consumer. And it is also known as a destination-based tax, as it is a [...]
Overview of different types of mutual funds We will different types of mutual funds investments on a different basis. The difference could be due to the time of investment or the risk involved or the special feature of a particular mutual fund. The basis of distinction among different type of mutual funds is as follows: On the Basis of Asset Class On the basis of Structure Based on Investment Goals [...]
A systematic withdrawal plan (SWP) is a systematic investment withdrawal plan typically in use for retirement. SWPs can be structured in various ways by investors. Mutual funds allow an investor for determining a systematic withdrawal plan that includes: interval payouts monthly; quarterly; semi-annually; or annually. Systematic Withdrawal Plan (SWP) allows an investor to withdraw from his mutual fund scheme every month on an already set date. This withdrawal can be [...]
KYC or Know Your Customer is to identify the customer. The Securities and Exchange Board of India (SEBI) has laid down these guidelines under the Prevention of Money Laundering Act 2002. According to which, it is binding for financial institutions and financial intermediaries like Mutual Funds to acquaint themselves with their customers. By getting the KYC form filled from their customers, helps prevent money laundering and other suspicious transactions. To [...]
Including us, everybody’s eyes are always on the insurance agent earning. Do we know our mutual fund agent earning, an agent who sells you mutual funds? Charges fee (fee-based financial planners) or some online portals (where you feel so much comfort to invest online)? Let us discuss who earns more: Life Insurance Vs Mutual Fund Agents. Let us guess that tenure of investment is 15 years and investor is ready to invest [...]
Introduction to mutual funds and their selection How to select mutual funds to invest in? This is a question for every person who wants to invest in a mutual fund. Picking a mutual fund for investing is a very great step towards the creation of wealth. It is not just essential it is significant. But which one to pick up? The best mutual duns are those which provides a greater return [...]
