First-time Fund Investments

In an interview to CNBC-TV18, Rahul Parikh of Aditya Birla Money My Universe discussed various features of Equity Linked Savings Schemes (ELSS) and how one can effectively use the instrument to save tax.

Due to huge inflow into income and liquid funds and also due to mark-to-market gain in Equity and ELSS funds Total Assets Under Management (AUM) of the mutual fund (MF) industry improved by 17.7% (by Rs 1.24 lakh crore) to Rs 8.25 lakh crore in ...

Gains from investments in ELSS funds will remain tax free even after DTC takes effect...

With effect from 14 June 2013

A "LARGE, violent, life-threatening tornado" is expected to hit downtown Oklahoma City, elss than two weeks after another twister left 24 dead. KOKH-TV reports that the storm was expected to pass north of Moore, where a huge tornado killed ...

The spate of redemptions in equity funds continued in May as investors nervously cashed in on the buoyant equity markets amidst rising volatility. Net redemptions from growth funds stood at Rs 2,910 crore the 15th month in the last 17 that ...

Posted by Equitymaster Market Overview The impulse depicted by the Indian equity markets (i.e. the S&P BSE Sensex) in the month of April 2013, continued to protract in the month of May 2013 as well. But towards the tail of the month, there was a contraction ...

Banking & Finance emerged as the star performer in the equity space while Technology and Thematic Infrastructure were among the most losing categories. The market session closed with Sensex at 19519.49 down 48.73 points and Nifty 2.45 points down ...

Mutual funds have changed the way Indians invest. Let's see how they performed in 2012-13 Tags: mutual fund | best mutual fund | invest in mutual fund | debt funds | equity funds | hybrid funds India's private mutual funds were born out of ...