Why Equity Mutual Funds May Do Better than NPS
Many savers are lured by the National Pension System (NPS) because of the attractive tax rebates available. Apart from the Rs1.50 lakh rebate under Section 80C, savers can invest an additional Rs50,000 in NPS, taking the total rebate up to Rs2 lakh. Additionally, in the Finance Act 2016, it was announced that 40% of the NPS corpus withdrawn at retirement will be tax-exempt. Along with these...
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  • Beware! Investors in Indian Mutual Funds from US & Canada
    The year was 2008. Sudhir Bhatt, a US resident, was keen to invest in Indian mutual funds (MFs). The distributor told him that if he applied to an Indian MF whose parent company was based in the US, his application would be rejected. But if he were to apply to a purely Indian-owned MF, there will be no problem. The Dodd-Frank Act of the US requires fund managers handling the money of more...
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  • Think Twice before Falling for ‘Equity Savings’ or ‘Equity Income’ Schemes
    Arbitrage schemes of mutual funds (MFs) take advantage of mispricing in the spot and derivative market of equities. Pure arbitrage schemes do not take unhedged equity exposure and their returns are in line with those of liquid schemes. Over the past couple of years, several versions of arbitrage schemes were launched as the category turned attractive after the Union Budget 2014 modified the...
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