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What is a fixed maturity plan? A Fixed Maturity Plan (FMP) is a close-ended debt mutual fund scheme with a pre-defined maturity date. The FMP full form is Fixed Maturity Plan. It generally invests in debt and money-market instruments such as government securities, corporate bonds, certificates of deposit, commercial paper and treasury bills, with the portfolio maturity broadly aligned to …
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Knowing the policies related to taxation on mutual funds can help you calculate your total returns and even choose the right scheme. With a cohesive understanding of this topic, you can maximise your gains and invest according to your financial goals. What is Taxation on Mutual Funds? When investing in mutual funds, you earn dividends …
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Mutual funds in India come in many types, each offering different benefits—like earning returns, getting dividends, saving on taxes, or reducing risk. To find the right one for you, it’s important to understand what each type offers. This helps you build a balanced portfolio based on your age, goals, and where you are in life. …
If you’ve been thinking about how to start investing in mutual funds online in India, the good news is — it’s easier than ever. Whether you’re saving for the future, building wealth, or just starting your financial journey, mutual funds offer a convenient and flexible way to grow your money. You don’t need deep stock …
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If you’re wondering ‘what is compounding in mutual fund and how can it help me grow wealth faster?’, you’re in the right place. Many investors know mutual funds can generate returns, but not everyone realises that compounding can make those returns multiply over time. Simply put, compounding in mutual funds means your money earns returns, …
Net banking or the electronic banking system is an excellent way to complete your bank-related activities from the comfort of your home. With e-banking, you can conduct a wide range of banking activities online. These include transferring funds, accessing account information, paying bills, and more, all from the comfort of your home – anytime and …
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Fixed-income securities act as a steady companion to build your long-term wealth. You can use this investment option based on your future needs and financial goals. To make smart investment decisions, you must know the different types, pros, cons and more. Read on to learn all about fixed-income securities and build your long-term wealth. Fixed-income …
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Nominee is a common term that you will come across while opening a new bank account. Understanding the meaning of nominee in banking is crucial. Whenever you open a bank account or apply for a fixed deposit, there’s a section to add your nominee’s name. Even though it is an optional step, having a nominee …
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Banks do allow you to stop cheque payments with a request under certain circumstances. Unlike other online payment methods, you have the option the cancel your request with a simple process. You may also have to pay a certain fee for this service. This option is available in case you change your mind last minute …
NAV represents the per-unit value of a mutual fund scheme. It tells you how much each unit of the fund is worth on a given day. Let’s say,if you invest ₹10,000 in a mutual fund and the NAV on that day is ₹50, you will get 200 units of the fund. If the NAV increases …
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