Consider both income level and deductions you can avail of when choosing between old and new tax regime
MFs present a great option if you aren't confident about investing in stocks and other asset classes on your own. But you must consider certain factors before choosing a fund house or scheme
They work well for investors who aren't adept at picking stocks, debt and other instruments. Yet, one must consider a host of factors before choosing a scheme or fund house
Avoid trying to time entry and exit from funds; hold for at least one complete cycle
The average asset base in June quarter stood at Rs 24.6 trillion, as against Rs 27 trillion in previous quarter, translating into a decline of 8.9 per cent
Equity market volatility, credit risk concerns impact sentiment
Generally, the daily volume is Rs 10-15,000 crore in CPs in the secondary market
Sometimes, they are innocuous ones. But use the load-free exit option if the new mandate doesn't match your goals
Mutual funds have to adhere to restrictions applicable to foreign investment
Staying put for the long-haul will mitigate volatility risks, say experts
"As Infosys is a Nifty stock, the company is widely held in several equity schemes," said a fund manager. According to industry estimates, the stock is held in over 400 MF schemes
Average difference in expense ratios between a regular and direct plan is a good 100-120 basis points
Once Sebi regulations are implemented, they will have to make changes in their portfolios
Clear-cut definition of mutual fund schemes will help investors significantly
India's Rs 20 lakh crore mutual fund industry is in a wait and watch mode with fingers crossed fearing imposition of regulations regarding merger of schemes. The mutual fund advisory panel, appointed by the Securities and Exchange Board of India (Sebi) is due to meet on Friday amid ripen expectations that fund houses may not enjoy the luxury of continuing with multiple schemes in the same category.Currently, there are about a massive 2,041 mutual fund schemes offered by 40 mutual fund houses. This essentially means one fund house offering 50 schemes, on an average. The regulator is of the view that these many schemes are too much for investors to understand, differentiate and choose from. Further, it has opined that there are various schemes in the same category and hence duplication of funds, making investors confused.Sector officials agree that more than adequate time was given to the sector for the same to follow. "Sebi had been suggesting this for years now, politely while ...