This article was first published on livemint. Are there any tax-saving advantages in NRI mutual funds? Equity-linked saving schemes (ELSS) allow tax saving under Section 80C of the Indian Income Tax Act. An investment of up to ₹1.50 lakh in ELSS...

Axis Mutual Fund is launching a new long-duration debt fund, Axis Long Duration Fund, that invests across securities such that the portfolio Macaulay duration is greater than 7 years.The New Fund Offer (NFO) period for the Axis Long Duration Fund...

What is Ex Dividend Date? A dividend is a portion of the company’s profit distributed among the shareholders. A company can pay dividends in the form of cash or stock. There are four dates associated while declaring the interim or...

What is Rupee Cost Averaging? Rupee cost averaging is a strategy where you aim to reduce your average investment cost by investing regularly in the market. It follows the same principle as buy low and sell high, but slightly different....

What is ARN Number in Mutual Funds? What is an AMFI Registration Number (ARN) in Mutual Funds? It is a unique number given to a distributor or mutual fund expert for trading in different schemes. According to the Association of...

Axis to launch a new fund in the fund of fund category: Axis NASDAQ 100 Fund of Fund Axis Mutual Fund is launching a new FOF, Axis NASDAQ 100 Fund of Fund, that invests in units of ETFs focussed on...

LIC to launch a new NFO in the diversified equity category: LIC MultiCap Fund. LIC Mutual Fund is launching a new multi cap fund, LIC Multi Cap Fund, that offers a diversified portfolio by investing across market caps. The New...

A wide range of investment products is available for savings for different financial goals like children’s education, marriage, home buying, etc. Some of them are traditional investment products are Unit Linked Insurance Plans (ULIPs), endowment insurance policies, fixed deposits, etc....