Hi All,
I am starting new topic for all the new starter's of MF. Please ask your qustions/queries on MF Investment, terms and Typs etc.. Will try to answer with best of my knowledge.
Regards
Matrix
Hi All,
I am starting new topic for all the new starter's of MF. Please ask your qustions/queries on MF Investment, terms and Typs etc.. Will try to answer with best of my knowledge.
Regards
Matrix
What is the meaning of lockin period in MF?
I have query -
1- What is Gold ETF?
2- How to Trade in GOLD ETF?
In all tax saving (elss) funds, there is a lock in period of three years i.e u have to remain invested for at least 3 yrs from the date of investment.You cannot withdraw your money from a Tax Savings Funds for 3 years.
For eg. If you have invested your first installments (through SIP) in An ELSS fund on 1st January' 2008, then its lock in period will end on 1st Jan' 2011 and the second one if invested on 1st February' 08 then its lock in period will end on 1st Feb' 2011.
Rules/Guidelines at PolicyWala | Help Old People |
I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
What is KYC? Why it is required? Is it there for every customer?
KYC - W.E.F. February 1, 2008, Investors in Mutual Funds investing Rs. 50,000/- and above are required to comply with Know Your Client (KYC) norms under the Prevention of Money Laundering Act 2002 (PMLA). More Info - wikipedia.org
What is difference between dividend and growth in mutual fund? Which one is best for SIP? Please reply.
Income generated from profit of the mutual fund will be given to the unit holders in form of dividends in dividend funds and the income from the fund will be reinvested back into growth fund. So the net effect is that the dividend funds NAV keep decreasing when the MF make dividend payout, but in growth, NAV will keep on growing. So If you want regular income go for dividend and if you want capital gains go for growth funds.
Do NRIs need to open some different account to invest in MF in demat form? (like investing through ICICI Direct.)