Close-ended Mutual Fund Schemes

Close-ended Mutual Fund Schemes Close-ended Mutual Fund Schemes is one of the types of Mutual Funds in India. Opting for the close-ended mutual fund schemes will offer you with definite compensation that other types of mutual fund schemes would not. An emergent number of Indians are now opting to invest their money in close-ended mutual fund schemes. What is a close-ended mutual fund scheme? A close-ended mutual fund scheme clearly stipulates the maturity period, which could be wherever in 2 to 15 years of time. One has to make investments into any close-ended mutual fund scheme as soon as they are issued. Afterward on, you are free to buy or sell close-ended mutual fund scheme units when...

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Open-ended Mutual Funds

Open-ended Mutual FundsWhat are Open-ended Mutual Fund Schemes? Open-ended Mutual Fund Schemes is one of the types of Mutual Funds in India. An Open-ended Mutual Fund does not confine itself to a given set of number for the shares. In other words, the number of shares remains non-confined and thus technically it serves as an open ended instrument. A greater part of the Mutual Funds in India are open-ended. The Open-ended Mutual Fund Schemes in India are more general than the closed-ended Mutual Fund Schemes. Features of Open-ended Mutual Fund These are the following distinctiveness of the Indian open-ended Mutual Funds:-  The open-ended Indian mutual fund schemes have soaring liquidity...

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Indian Mutual Fund Schemes

Varieties of Mutual Funds in India These days, various types of Indian Mutual Fund Schemes have come up which provide to a range of financial needs like tax benefits, financial position, risk tolerance, return expectations and others. Here is a catalog of the diverse types of Mutual Fund in India. Indian Mutual Fund Schemes Close-ended Mutual Fund Schemes - Close -ended schemes are those which have a particular maturity period (which generally ranges from 3 - 15 years). At the time of initial public issue one can make straight investment in the scheme and can also get the benefit of buying and selling of the units. Due to demand and supply in the market & the policy holders' outlook and...

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Future of Mutual Funds in India

Future of Mutual Funds in India - An OverviewFinancial experts believe that the potential of Mutual Funds in India will be very brilliant. It has been predictable that by March-end of 2012, the mutual fund industry of India will reach Rs 99,90,000 crore, taking into account the total assets of the Indian commercial banks. The assessment was based on the December-04 asset value of Rs 1,50,537 crore. In the coming 10 years the annual multiple growth rate is expected to go up by 14.5%. Since the last 5 years, the growth rate was recorded as 9.3% annually....

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Drawbacks of Mutual Funds

Drawbacks of Mutual Funds Mutual Funds, like every venture, have their own share of compensation and disadvantages. Before you venture out to make your investment in Mutual Funds, it is advisable that you do a thorough study of the pros and cons of Mutual Funds. Just like you can list a number of Mutual Funds advantages, you will find drawbacks of Mutual Funds as well if you do a market research. Several of the common drawbacks of Mutual Funds in India are listed below: Disadvantages of Mutual Funds in IndiaThere are several shortcomings of Mutual...

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Advantages of Mutual Funds

Advantages of Mutual Funds A Mutual Fund can be defined as a confidence wherein the savings of the investors with the same financial purpose are shared in. The unruffled money then goes for investment in capital market instruments. These can include shares, debentures and other such securities. These investments in turn succumb an income. The income and capital enjoyment are distributed amongst its unit holders. The return of mutual funds is many. Some of the rewards of mutual funds in India are listed as below: Mutual Funds Advantages There is numerous compensation of investing in a Mutual Fund and that is why more and more people are taking to it. Some of the major profits of mutual...

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Performance of Mutual Funds

Performance of Mutual Funds Mutual Funds are efficiently run by those companies which gather money from various investors and invest or organize those funds in diversified portfolios like shares, stocks, bonds and a variety of other securities for returns. The portfolio manager has the duty to invest primary security of the fund, pulling in capital gains or losses and transposing earnings to the investors. Unit Trust of India was the first organization to introduce the idea of Mutual Fund in India. The recital of mutual funds began rising with the liberalization of India. Performance of Mutual Funds: Unit Trust of India (UTI) Unit Trust of India Mutual Funds governed the Indian mutual fund...

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Mutual Funds in India

Mutual Funds in India A mutual fund is one which is an efficiently managed group speculation scheme. It pools in money from a number of investors and invests in bonds, stocks, short term money market instruments and other forms of securities. The mutual fund will also have a fund manager who will do business the mutual money from time to time. The worldwide value of the entire mutual funds sum up to more than $30 trillion. Saving is a vital part of the financial system of any nation. With the inestimable savings and venture options available, the money is a vaccination. The Indian economic market presents a superfluity of avenues to the investors. Speculation goals vary from one person to...

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TAN (Tax Deduction and Collection Account Number)

TAN (Tax Deduction and Collection Account Number)1 What is TANTAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in TDS / TCS return (including any e-TDS / TCS return), any TDS / TCS payment challan and TDS/TCS certificates.2 Who needs to apply for TAN? What law requires it to be obtained?All those persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN.The provisions of section 203A of the Income-tax Act require all persons who deduct or collect...

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PAN (PERMANENT ACCOUNT NUMBER)

PAN (PERMANENT ACCOUNT NUMBER)1 What is PANPermanent Account Number (PAN) is a ten-digit alphanumeric number allotted by Income Tax Department. Normally it is, issued in the form of a laminated card, by the IT Department.2 Is it necessary to obtain PAN It is mandatory w.e.f.1 January 2005 to quote PAN on challans for any payments due to Income Tax Department. Moreover, now it is mandatory to quote PAN on return of income, all correspondence with any income tax authority.3 For which type of transactions it it necessary to quote PANIn all documents pertaining to financial transactions notified from time-to-time by the Central Board of Direct Taxes.it is necessary to quote PAN. Some of the transactions...

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Links for Banks in India :- NEW PRIVATE SECTOR BANKS IN INDIA

Links for Banks in India :- NEW PRIVATE SECTOR BANKS IN INDIA1)ABN-AMRO Bank NV2)Abu Dhabi Commercial Bank3)Amercian Express Bank4)ANZ Grindlays Bank5)Arab Bangladesh Bank6)Bank International Bank7)Bank Muscat Saog8)Bank Of America NV9)Bank Of Bahrain & Kuwait BSC10)Bank Of Ceylon11)Bank Of Nova Scotia12)Bank Of Tokyo-Mitsubish13)Barclays Bank PLC14)BNP Paribas15)China Trust Commercial Bank16)Cho Hung Bank17)Citi Bank18)Commerz Bank AG19)Credit Agricole Indosuez20)Credit Lyonnais21)Deutsche Bank AG22)Developmnt Bank Of Singapore23)Dresdner Bank AG24)HSBC25)ING Bank NV26)KBC Bank NV27)Krung Thai Bank Public Co28)Mashreq Bank29)Morgan Guanty Bank (Link not available)30)Oman International...

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Links for Banks in India :- OLD PRIVATE SECTOR BANKS IN INDIA

Links for Banks in India :- OLD PRIVATE SECTOR BANKS IN INDIA1)Bharat Overseas Bank2)City Union Bank3)Development Credit Bank4)Dhanalakshmi Bank5)Lord Krishna Bank6)SBI Commercial & International Bank7)Tamilnadu Mercantile Bank (Link Not Available at present)8)The Bank Of Rajasthan9)The Baneras State Bank (Link not Available at present)10)The Catholic Syrian Bank11)The Federal Bank12)The Ganesh Bank of Kurundwad (Link not available at present)13)The Jammu & Kashmir Bank14)The Karnataka Bank15)The Karur Vysya Bank16)The Lakshmi Vilas Bank17)The Nanital Bank (Link not yet avaialble)18)The Nedungadi Bank (merged with PNB)19)The Ratnakar Bank20)The Sangli Bank21)The South India Bank22)The...

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Links for Banks in India :- INDIAN PUBLIC SECTOR BANKS

Links for Banks in India :- INDIAN PUBLIC SECTOR BANKS1) Allahabad Bank2) Andhra Bank3) Bank of Baroda4) Bank of India5) Bank of Maharashtra6) Canara Bank7) Corporation Bank8) Dena Bank9) ICICI Bank10) IDBI Bank Limited11) Indian Bank12) Indian Overseas Bank13) Oriental Bank of Commerce14) Punjab & Sind Bank15) Punjab National Bank16) State Bank Of Bikaner & Jaipur 17) State Bank of Hyderabad18) State Bank of India19) State Bank of Indore20) State Bank of Mysore21) State Bank of Patiala22) State Bank of Saurashtra23) State Bank of Travancore24) Syndicate Bank25) UCO Bank26) Union Bank of India27) United Bank Of India (UBI)28) Vijaya B...

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