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Investment in mutual funds through systematic investment plans (SIP) crossed Rs 8,000 crore in December for the first time since May 2020. The number of SIP folios also increased by 6.46 lakh on month-on-month (mom) basis to 3.47 crore. The assets under management (AUM) through SIPs grew by Rs 19,814 crore to Rs 3.98 lakh […]
New Delhi: Trust Asset Management Company on January 12 announced the launch of its maiden mutual fund. | The new fund offer (NFO), Trust MF Banking & PSU Debt Fund, is an open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. The NFO will open […]
When it comes to saving taxes we often get confused whether to go for traditional Public Provident Fund (PPF) or investing in the stock market through Equity Linked Saving Schemes (ELSS). Here is a primer on what these two tax-saving schemes offer and how to choose between them: Equity Linked Saving Scheme (ELSS) What is […]
One of the best ways to invest your money can be in mutual funds. It pools money from different investors and invests that money in other stocks or bonds. There are two ways in which you can invest money in Mutual Funds: Lump-sum and Systematic Investment Plan (SIP). Under Lump-sum, the investments are made in […]
