Mutual funds can either be held in physical or in demat form in the demat account held by the holder with a depository participant (DP). The advantage of holding units in a single demat account is the ease of transaction it allows. Demat option at time of purchaseAt the time of buying units, one can indicate if the units are to be held in demat form. Demat account details need to be mentioned in the application form. Once the details have been validated, the units are credited to the account. Demat of units after initial purchaseUnits held in physical form…
Author: Miley Selena
1. Succession certificate is a document issued by a civil court certifying a person to be the successor of a deceased person. 2. In the absence of a will, a succession certificate is the primary document through which the heirs can stake a claim to the assets of a deceased relative. 3. A succession certificate is valid throughout India. 4. Courts levy a fixed percentage of the value of the estate as a court fee for issuance of the certificate. 5. It takes about 5 to 7 months to get a succession certificate. (Content on this page is courtesy Centre…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I. Vinod Bajaj is saving for his child’s goals and retirement. Here’s what the doctor has advised him. Goals Portfolio Recommendations Portfolio check-up Started with ELSS funds 6-7 years ago.…
By Sudhir Kaushik of Taxspanner.com Pune-based media professional Navya Kohli pays a low tax because though her salary structure is not tax efficient, she claims several deductions. One of Kohli’s parent has a severe disability which makes her eligible for a tax deduction of Rs 1.25 lakh. Taxspanner estimates that Kohli can bring down her tax by nearly Rs 62,000 if her salary is rejigged to include some tax-free perks and her company offers the NPS benefit and she also invests in the scheme on her own. Income from employer Income from other sourcesKohli should start by asking for the…
The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs) In addition to dollar firmness, sale of old gold by Indians is also pulling gold prices now. Silver (Rs) Being a more volatile bullion, silver was down by 3.56% over the last week. ($/troy ounce) New fast spreading covid variant is threatening global growth again; pulling industrial metals like platinum down. WTI Crude ($/barrel) In addition to economic weakness…
In 1999, Warren Buffett was asked what you should do to get as rich as him—his advice still applies today. That’s the advice that the investing titan shared in 1999 at Berkshire Hathaway’s annual shareholders meeting when asked how to make $30 billion, which was roughly his net worth at the time. The then-68-year-old Buffett — whose fortune has since grown to more than $100 billion — said that compound interest is an investor’s best friend and compared building wealth through interest to rolling a snowball down a hill. “Start early,” Buffett said. “I started building this little snowball at…
To date, Vietnam has received nearly 7.5 million doses of COVID-19 vaccines through the COVAX Facility Visit Vietnam Insider’s homepage for more stories Vietnam has received more than three million doses of the Moderna vaccine donated through the COVAX Facility by the US Government, UNICEF have announced. Nearly 1.5 million doses arrived in HCM City on Saturday night while the rest touched down in Hanoi on today morning. This is the second batch of Moderna vaccines to arrive in the country this month, bringing the total donation from the United States Government to Việt Nam to more than five million…
HCMC, epicenter of the ongoing outbreak, is preparing to add more public hospitals for Covid treatment or mobilize private hospitals as the number of infections tops 80,000. The municipal Department of Health has categorized Covid patients into five groups: those being asymptomatic and having no underlying diseases, those with mild symptoms, those with moderate and severe symptoms, those with underlying medical conditions or suffering comorbidities prior to Covid-19, and critically ill patients. In case the number of infections crosses 80,000, the city would turn existing infrastructure into specialized facilities for receiving and treating Covid-19 patients based on these five groups.…
The infection tally of Vietnam’s new Covid-19 wave rose to 91,114 Sunday morning with 3,973 new cases added in 21 localities. The World Health Organization told Vietnam to prepare the necessary human and material resources as the ongoing Covid-19 outbreak looms ever larger. Covid tally in new outbreak crosses 90,000, the new patients were recorded in HCMC ((2,328), the southern provinces of Binh Duong (881), Tien Giang (218), Dong Nai (134), Tay Ninh (127), Ben Tre (33), Can Tho (18), Tra Vinh (17), Kien Giang (17), Hau Giang (3), An Giang (2), Vinh Long (50), Binh Phuoc (6), Soc Trang…
Despite rising ‘breakthrough infections’ most cases remain mild and are in line with expectations. Phoenix Suns basketball star Chris Paul, UK health secretary Sajid Javid and US Olympic gymnast Kara Eaker have something in common: they have all tested positive for coronavirus despite being fully vaccinated. No vaccine is 100 per cent effective, so what scientists call “breakthrough infections” were always expected. In most cases, the symptoms are mild. However, as a new surge in Covid-19 cases has collided with a global vaccination campaign delivering more than 200m shots a week, more people are asking: “How protected am I?” How…