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Mutual Fund

How To Invest in RGESS ?

Open a new demat account with any DP and designate it under RGESS or designate your existing demat account under RGESS through Form A. If you want to avail of Basic Service Demat Account facility, you may inform your DP to designate your account accordingly. You may approach any SEBI registered stock broker for opening a trading account for making investment in any eligible stocks in the stock market or for applying for eligible IPOs. In case you are investing...

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Mutual Fund

What is Balance Fund ?

Balanced funds are such funds which are invested in 40-60% in equity and debt instruments.Such funds provide both growth and regular income as such schemes invest both in equities and fixed income securities in the proportion indicated in their offer documents. These are appropriate for investors looking for moderate growth. These funds are also affected because of fluctuations in share prices in the stock markets.

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Mutual Fund

What is the Maximum Investment Amount Under RGESS ?

There is no maximum prescribed limit for your investments in securities market. However, RGESS benefits will be available only for investments in eligible securities upto Rs. 50,000. This investment can be made in installments. However, the benefits can be availed only for the investments made in the first financial year in which the benefit is claimed under Section 80CCG. Hence, if you are making investments in installments, make sure that you are making all your installments in a single financial...

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Mutual Fund

What is Net Asset Value (NAV) of a Mutual Fund scheme?

Net Asset Value (NAV) is the performance measure of an Mutual Fund Scheme. Mutual funds invest the money collected from the investors in securities markets or you may say in equity share at stock market. It means Net Asset Value is the market value of the securities held by the scheme. Since market value of securities changes every day, NAV of a scheme also varies on day to day basis. The NAV per unit is the market value of securities...

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Mutual Fund

What is Gilt Fund ?

Funds which are invested exclusively in government securities and bond. Investor of Gilt funds have had no default risk as it is invested in Government securities. NAVs of these schemes also fluctuate due to change in interest rates and other economic factors as is the case with income or debt oriented schemes.

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Mutual Fund

How To Add Nominee To Mutual Fund Scheme ?

The nomination can be made by individuals applying for / holding units on their own behalf singly or jointly. Non-individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family, holder of Power of Attorney cannot nominate. For Adding Nominee Just Download the Nominee addition form from the Mutual Funds company specific website and send it to respective Mutual fund companies on address mentioned. Investors may also do it online through the individual Mutual Fund website or via...

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Mutual Fund

What is a Mutual Fund?

Mutual fund is process of pooling the resources by issuing units to the investors and investing funds in different securities in accordance with objectives as per the disclosed offer document.Under Mutual Fund the investments in securities are spread across a wide cross-section of industries and sectors and thus the risk is reduced. Diversification reduces the risk because all stocks may not move in the same direction in the same proportion at the same time. Mutual fund issues units to the...

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