What is PPF or Public Provident Fund in India?
Public Provident Fund Scheme is a saving scheme that comes with tax benefits. Ministry of Finance introduced this scheme in the year 1968. The main objective of PPF is to encourage general people to mobilize their small savings. The interest offered on these schemes are not taxable. Precisely, PPF is an investment with non-taxable returns.
How to invest in mutual funds with or without demat account?
Investors looking to invest in mutual funds without a Demat account can invest through financial institutions, independent financial advisors, AMC, and online portals.
What is Mutual funds Consolidated Account Statement?
Consolidated Account Statement or CAS is a single account statement which consists of all the financial holdings and transactions in an investor’s portfolios.
What is the difference Liquid funds vs. Savings accounts?
Based on return liquid funds outperform savings account by anything between, 2-4 % points which is 50-100 % higher return than the savings account. So, purely on the basis of returns investing in liquid funds seems a better option.
How to Close PPF Account? Withdrawal, Extension & Closure Process
To close a PPF account, there are three ways in which it can be executed. They are by withdrawing the entire PPF account balance, extension fo PPF account without any clarification, and extension fo PPF account with a further contribution.
How to Invest in Index Funds in India?
There are several options to invest in index funds. It can be done through online portals, agents, demat account and AMC website.
Should you take a Loan to Invest in Mutual Funds?
Borrowing money for investing in mutual funds never really pays off. Its not the right thing to do given that mutual funds returns would not provide sufficient returns in the time which your loans have to be paid back.
Is a Demat account required for mutual funds?
No, a Demat account is not required for investing in mutual funds in India. However, having a demat account can be beneficial for some investors.
Can NRIs invest in mutual funds in India?
Yes, any NRI can invest in mutual funds in India, if they follow some certain conditions under Foreign Exchange Management Act or FEMA Act 1999.
Are market highs good to invest in Equity mutual funds?
Understanding the relative position of the market, the absolute values do not matter much. What matters is what is the earnings multiple, currently the market is trading at, popularly captured by a metric called P/E ( Price to earnings).