KYC simply means Know Your Customer. For all first time investors, trying to open a bank account or invest with a financial institution (FI), they must have come across a term called KYC. It is a process you need to go through so that your identity as a customer is validated. This way the banks (or FI) can obtain information and details about the identity and address of the customers. It [...]
What is NIFTY? National Stock Exchange launched an equity benchmark index in India on 21st April 1996 called Nifty share price. In the same year, multiple benchmark indexes were launched. Nifty has risen to its 13x from 835 to 10,800. The index calculates the performance of the bluechip companies, the largest and most liquid companies. It has selected 50 companies out of 1600 companies listed on NSE. It is owned and [...]
The Association of Mutual Funds in India (AMFI), was incorporated in August 1995, as a non-profit organization, working in association with SEBI. The objective is to develop the Indian Mutual Fund Industry on professional, healthy and ethical lines. It seeks to enhance and maintain standards in all areas, to protect and promote the interests of Mutual Funds and investors. Currently, AMFI has 44 members, which includes 42 AMCs registered with SEBI. Every Mutual Fund [...]
Introduction to mutual funds The common question every investor is to how to invest in mutual funds? A Mutual Fund is an investment scheme that assembles money from people. Further, invests the money into various mutual fund plan and assets. For example, SIP investment, Equity Mutual Funds, Debt fund, Liquid Funds etc. The money collected from different investors is genuinely investing in Financial securities. Shares: A share of a mutual fund describes investments in multiple stocks [...]
Computer Age Management Services (CAMS) is a SEBI -Registered Registrar & Transfer (R&T) Agency. This CAMSonline application provides users with the technology-enabled services to process-related solutions to Mutual Funds houses and investors. The investors need to create a user id and it enables them to transact across all participating Mutual Funds Investment. These Mutual Fund Houses have authorized CAMS to provide designated services through this platform using the single login. What does [...]
Which mutual funds investment would give you the best returns on your hard-earned money? Are you receiving the Mutual Fund Benefits, that you expected on your existing investments? How much you need to invest in Mutual Funds, to achieve your financial goal? How long would you need to keep investing to meet the target, considering anyone can set aside only a particular part of the income? The Mutual Funds Calculator [...]
Introduction Permanent account number or PAN is a 10 digit unique identification number allotted to every Indian citizen. So, it becomes a necessity to know your PAN card details. It was introduced to keep in check the financial transactions taxable in nature. It records every transaction made and thus no 2 persons can have the same PAN number. Check out Procedure to apply for lost pan card PAN card Transactions [...]
Popular, easily understood and ideal for investors with limited knowledge, time or money, Mutual Funds offer many benefits. This article may help you in finalizing whether investing in mutual funds is the right choice for you. Mutual Funds Mutual Funds (MF) is a Professionally Managed Trust. It accumulates money from various individuals, to be invested (on their behalf), in the securities. To maximize your benefits, you can choose from the [...]
