Unit Trust of India is the first Mutual Fund set up under a separate act, UTI Act in 1963, and started its operations in 1964 with the issue of units under the scheme US-64. As it got government following for further operations and up gradations to be pace with the latest developments in the money market, it gets low. Reliance Mutual Funds and some more privately run Mutual funds are best bet to go with.
Where was the first municipal corporation in India set up? Madras in 1687;) Ans: Madras is the oldest municipal corporation in India, which was formed in 1688, two years before to the formation of Kolcutta municipal corporation.
Portland cement was first manufactured in 1904 at a small factory in Madras. Dalmianagar
india, canada,and new netherland.
en.wikipedia.org/wiki/East_India_Company -Ans is JAHANGIR
Jahangir agreed to allow the English to set up a base of operations for trade in India.
SBI mutual fund
Yes you can set up a mutual fund for your child. You will need their proof of guardianship as well as their social security number.
Mutual Fund is an open-ended fund operated by an investment company which raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Mutual funds raise money by selling shares of the fund to the public, much like any other type of company can sell stock in itself to the public.
A close ended mutual fund is one which does not accept fresh deposits/investments into the mutual fund once it is kicked off/started. Only the set of investors who invested their money in the fund during the IPO period remain investors. The fund manager would have promised his investors a certain kind of performance through the prospectus and would have a specific/fixed timeframe within which he plans to do so. Since he does not have to worry about fresh amount deposits or frequent redemption requests, he would be able to think for the long term and maximise the returns of the mutual fund.
Mutual funds are set up with major objective of investing in multiple securities that can run into hundreds,it take weeks for an investor to investigate on this kind of scale ,for more information you can log on to various AMC websites like Reliance mutual fund,ICICI,HDFC and other.
You can invest regularly in mutual funds through systematic investment plan. It allows you to invest a fixed amount of money in mutual funds regularly. You can set aside a certain amount of money monthly to invest in mutual funds.
A mutual fund is basically a fund that you put your money into with a set percentage rate that allows your investment to grow into a larger amount. Contact a personal finance advisor or even your local bank, they have people trained to help you find the best investment for you.
Ofcourse you can. If you select a Systematic Withdrawal plan you can set the intervals after which you can withdraw from your mutual funds. Reliance Mutual Funds has some good schemes when it comes to Systematic Withdrawal Plans.
diviend on sahre and mutual fund is fullt TAX FREE.And loss on sale of mutual fund can set-off from last year gains and carry-forward for the next 7 years.....
An index fund or index tracker is a collective investment scheme (usually a mutual fund or exchange-traded fund) that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held constant, regardless of market conditions.
It is in 1986 and that time Shri Rajeev Gandhi was the Prime Minister of India.
There are a variety of accounts to set up for one's future in terms of investment funds. Investment retirement accounts (or IRAs) are one of the most common and secure means for future fund investments. Mutual funds and CDs are also popular for long term investments.