One Time Mandate (OTM) or NACH facility is a one-time mandate registration process that will enable you to transact seamlessly in a simple, convenient and paperless manner in the future. Many times you read that SIP needs “OTM” or “Auto Debit” registration, so that you don’t have to issue multiple cheques. It is also calledRead More
Mutual Funds
15 SIP Myths Busted
Systematic Investment Plans (SIPs) have become immensely popular with lakhs of individuals opting for them. Almost 9000 Crores of amount hits the bank accounts of the proud SIP owners. SIPs definitely are an effective tool to multiply your wealth, but their growing popularity has resulted in certain misconceptions among investors. Given below are 15 popularRead More
How to Invest in Mutual Funds for the First Time
If you are thinking – How to invest in Mutual Funds for the first time, you will really face some tough questions. Where to invest – Equity, Debt or Hybrid? Which mutual fund scheme to choose? Is past performance any indication of the future? Which Fund House? And how to start investing? Let me helpRead More
What is Mutual Fund KYC? Complete Process
My congratulations if you are reading this article and have made up your mind to invest in the mutual fund for the first time. But the first question will be – What is Mutual Fund KYC? Next will be how to start investing? I will detail the procedure of making your first investment in mutualRead More
Latest Mutual Fund Taxation FY 2019-20 (AY 2020-21)
So April 2019, has started and this means changes in Budget 2019 on Mutual Taxation for FY 2019-20 or AY 2020-21 will commence. Let us see what has changed in Mutual Fund Taxation for Resident, NRIs, Corporates & other categories of Investors. We will discuss, Mutual Fund Taxation applicable for FY 2019-20, taxation on Dividend,Read More
Can US Canada NRI invest in Mutual Funds – Complete List
Beware of the incomplete lists on the internet on “Can US Canada NRI invest in mutual funds?” Everyone seems to be confused around USA & Canadian NRI – if they can invest in Indian Mutual Funds or not? Let’s check the updated details – Can US-based NRI invest in mutual funds in India. If youRead More