NRIs Must Update Residency Status, Bank Account Details In Their Existing Indian MFs On Returning Home: Expert
When they return to India, it is mandatory for non-resident Indians (NRIs) to change their residency status and NRE/NRO account to a resident bank account in existing mutual funds.
Transmission Of MF Units In Event Of Death, Here’s Why Updating Nominee Details Is Important
Updating nominee details in mutual funds along with a Will or succession planning can help the nominee or successor get easy access to the investments in the event of death of the investor
How Useful Are Flexi-Cap Mutual Funds In Retirement Planning?
Flexi-cap mutual funds can invest at least 65 per cent in equity and balance in other asset classes. Are these funds useful for retirees? Read on.
Stick To Low-Duration Funds Post-Retirement; Use 100% Equity MF For Goals Over 10 Years Away, Says Expert
Senior citizens can open a new savings bank account for online investments in mutual funds and other assets to minimise the risk of fraud and should opt for ultra-short-term funds post-retirement.
Investing Entire NPS Proceeds In Annuities Not A Good Idea; Use Equity MFs To Grow Wealth: Expert
Using the entire NPS proceed towards buying an annuity plan is not recommended as annuities are fully taxable, the rates are low, and payments are fixed. Instead, divide it suitably into annuity, debt, and equity.
What Type Of Mutual Fund Should You Pick To Build A Robust Retirement Corpus? Here’s What Expert Says
Investing through a systematic investment plan (SIP) early on will help you build wealth brick by brick towards a robust retirement corpus.
Why Is Nomination In Mutual Funds Important? 4 Factors To Consider
The Securities and Exchange Board of India (SEBI) has made it mandatory for investors to provide nominee details in mutual funds or opt-out to prevent freezing of the account.
How Can You Pay Loan EMIs With An SWP Plan?
Wouldn’t it be better to use the return earned on your investments to repay your loan EMIs? A systematic withdrawal plan (SWP) can be used to repay the loan EMIs, but you first need to understand how to do it.
How To Retrieve Or Redeem Unclaimed Shares From IEPF?
The company transfers investors’ unclaimed shares to the Investor Education Protection Fund (IEPF) for safekeeping as mandated by the government.
Beware! SIPs Could Be Cancelled If You Violate New ECS Rules Effective April 1
Your mutual fund systematic investment plan (SIP) could be cancelled if you fail to comply with the new electronic clearing service (ECS) rules effective April 1. Learn more.
PGIM India Launches PGIM India Retirement Fund: Know Its Salient Features
PGIM India Retirement Fund opened for subscription on March 26, and will close on April 9; the fund is benchmarked against the S&P BSE 500 TRI.
Seven Things Senior Citizens Should Consider Before Investing In ELSS
Equity-linked savings schemes (ELSS) have the shortest lock-in period in tax-saving instruments.
Choose From These Types Of SIPs To Build A Strong Corpus For Your Retirement Years
Systematic investment plans are one of the most preferred ways for investors to invest in mutual funds and build a strong corpus for their retirement. Here are the different types of SIPs you can choose from
