Mutual funds have monthly income plans – MIPs – that provide a monthly dividend; how do these compare against FDs? First, note that MIPs are not risk free – they invest a little in equities as a “kicker”. So if you’re looking for ultra ris…

Posted in Credit Repair, FixedIncome, MutualFunds Comments Off

Is it worth putting money into ELSS funds as they announce a dividend? HDFC Long Term Advantage Fund just announced a “37.5% dividend”. The real yield is about 10%. (Rs. 3.75 on something that currently costs Rs. 36.545). Ignore the “37.5…

Posted in Credit Repair, MutualFunds, TaxSaving Comments Off

If you buy a tax saving mutual fund – an ELSS scheme or something with “taxsaver” in it – you expect a tax deduction. But does it always apply for you? ELSS mutual funds are specially deductible under Section 80C, which applies to everybody. I…

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Since some of you will be investing in tax saving schemes for the rest of the year, note that there are pretty good commissions being offered to advisors for selling the scheme. The most recent mail I have: Upfront is what advisors get paid when yo…

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From the Hindu:

Around 30 of the 100 schemes of UTI Mutual Fund will be listed on the new NSE Mutual Fund platform, which is set for a Monday launch. The liquid schemes will not be included among them, said a top UTI official.

For the fund industry, …

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With the introduction of no entry loads on mutual funds, the distributors have started to charge customers something; what happens to the online sites?

I’d mentioned that distributors would get a lot more difficult to handle, and that you should look …

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SEBI has banned entry loads in mutual funds. From August 1, any mutual fund purchase will be invested in full in the fund. Distributors, if they like, must be paid separately.

This is a welcome move, as entry loads don’t make sense for everyone. There…

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ET: Mutual Fund trading platform takes shape

The Association of Mutual Funds in India (Amfi) has shortlisted four entities to develop a common electronic platform that will allow asset managers, investors and distributors to trade, switch over and com…

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