One should base the decision on one's potential liability under the new tax rules.
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
Though the sum was nowhere close to the big-ticket monthly purchases seen during the 2004-2008 bull run, it is significant, as it confirms the reversal of a selling spree that began in September 2013.
Time for approving new fund offers down from 6 months to 2 months; MFs have mobilised Rs 4,000 crore from nearly 30 equity NFOs since October last year.
A Balasubramanian tells Business Standard that the sector will see one of its best phases in the coming five years.
HDFC Equity, the largest equity fund, also managed by Prashant Jain, with a corpus of Rs 10,445 crore, has 9.4 per cent of its assets in SBI.
The majority have stayed away from getting into cash handling.
Several brokerage houses have given a year-end target of as high as 30,000 for the BSE bourse's benchmark Sensex, with fund managers telling investors not to redeem though the index is still only around 25,000.
S Naren, CIO of ICICI Prudential Mutual Fund, in an interview with Chandan Kishore Kant, says cyclicals will offer good value.
Hurdles such as approvals for repair and fixed rates can make the process time-consuming.
The Reserve Bank of India has told banks not to levy penal charges for non-maintenance of minimum balances in any inoperative account.
No fund houses could muster the courage to launch equity funds during the period and the sector lost a lot of its equity assets.
TDS merely means the bank will pay you the entire interest amount without forwarding the tax on it to the government.
Parents should secure thier special child's future.
Employees are often under this impression that as the employer has deducted tax at source, they need not file income tax (IT) returns.
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
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Chests are select branches of banks authorised by RBI for distribution of notes and coins.
Measured by returns in 2013, the top 10 funds had only three from large houses; nimble strategy could be a factor.
IT, pharma and FMCG stocks are the top performers in 2013.
After relentlessly selling shares for most of 2013, India's equity mutual fund managers have turned buyers in the fag-end of the year.
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