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Under the proposed combination, Kotak Mutual Fund would acquire control of the schemes of PineBridge Mutual Fund by way of change in trusteeship, management and administration.
SBI Funds Management will launch an Islamic equity mutual fund next month to tap into the Muslim population.
The equity funds’ assets under management (AUM) as a percentage of total mutual funds AUM jumped to 24% in October from 18% in the year-ago month.
The leading asset management firm will become the fourth fund house in India to have an Islamic equity fund after Goldman Sachs MF, Taurus MF and Tata MF.
Taxes you have to pay when you get a gift  (25 November 05:47 pm) 
While gifts from certain people or presents received on certain occasions are non-taxable, you will have to pay a cut to the taxman at other times.
How should salaried women plan their taxes  (25 November 03:47 pm) 
When tax planning for salaried women, the two most important sections, which need to be taken into account, are Section 80C and section 80D.
Interest stripping is a tax planning strategy that can help HNIs and investors in the high tax bracket to reduce their tax burden.
The addition comes after fund houses lost about 33 lakh investors account in the entire last fiscal.
The addition comes after fund houses lost about 33 lakh investors account in the entire last fiscal.
Pursuant to the payment of dividend, the net asset value of dividend option existing plan and dividend option direct plan of the scheme would fall to the extent of payout.
High upfront commissions ranging from 5-6% to distributors for selling close-ended schemes have been main reason for the inflows into this category.
High upfront commissions ranging from 5-6% to distributors for selling close-ended schemes have been main reason for the inflows into this category.
The Securities and Exchange Board of India (Sebi), in February, hiked the minimum net worth requirement for mutual funds to Rs 50 crore from Rs 10 crore.
The Securities and Exchange Board of India (Sebi), in February, hiked the minimum net worth requirement for mutual funds to Rs 50 crore from Rs 10 crore.
While one of the proposed ETFs is a banking index one, the other would be a BSE-100 based fund. The timing for launch would depend on the marketing condition, he said.
While one of the proposed ETFs is a banking index one, the other would be a BSE-100 based fund. The timing for launch would depend on the marketing condition, he said.
On the heels of it losing a similar case against Vodafone, the IT department lost its Rs 18K-crore transfer pricing cases against oil major Shell India at the Bombay HC, which today quashed the
On the heels of it losing a similar case against Vodafone, the IT department lost its Rs 18K-crore transfer pricing cases against oil major Shell India at the Bombay HC, which today quashed the
On the heels of it losing a similar case against Vodafone, the IT department lost its Rs 18K-crore transfer pricing cases against oil major Shell India at the Bombay HC, which today quashed the
Income Tax department has restructured its cadre in Bihar and Jharkhand under which a new post of Principal Chief Commissioner has been created.
Income Tax department has restructured its cadre in Bihar and Jharkhand under which a new post of Principal Chief Commissioner has been created.
Income Tax department has restructured its cadre in Bihar and Jharkhand under which a new post of Principal Chief Commissioner has been created.
The scheme aims to provide long term capital growth by investing in a well-diversified portfolio of equity and equity related securities across m-cap and sectors.
The scheme aims to provide long term capital growth by investing in a well-diversified portfolio of equity and equity related securities across m-cap and sectors.
Govt has withdrawn benefit of 10% tax without indexation on long-term capital gains from debt mutual funds & has extended holding period to 36 months.