Read more about Equity Linked Mutual Funds Record Net Inflow Of Around Rs 10000 Crore In May on Business Standard. Powered by Capital Market - Live News
Investors withdrew a net of Rs 38,602 crore from mutual funds. Major outflows were seen from liquid funds and overnight funds, where investors redeemed Rs 45,447 crore and Rs 11,573 crore.
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Budget 2021 and You: Will the finance minister play genie to the taxpayer?
Here is compilation of taxpayer’s wish list from Budget 2021 across segments Moneycontrol PF Team February 01, 2021 / 08:11 AM IST
It is time for Budget 2021. Over this past month, Moneycontrol spoke to a cross-section of industry experts for their take on the much-needed measures that would benefit individual taxpayers immensely. Like every year, reducing the tax rates tops the wish list of tax payers. But this year, people have suffered income loss and job losses as well due to the onset of the COVID-19 pandemic.
New tax regime: Very few takers
Synopsis
Mutual funds should be perceived as a longer-term investment vehicle at par with comparable investment avenues like gold and real estate with the investment horizon for 7 to 10 years especially the equity funds.
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Investing in Mutual funds can make a significant contribution when it comes to the development of the Indian Economy. We believe the development of the capital markets enhances the four pillars of the financial system: efficiency, stability, transparency, and inclusion. Mutual fund industry has been at the forefront of this growth. The Mutual Fund industry is still under-penetrated with a few impediments thwarting its growth, we need to address these hurdles which could help deepen investments in Mutual Funds and hence drive growth in capital markets. Mutual funds should be perceived as a longer-term investment vehicle at par with comparable investment avenues like gold and real estate with the investment horizon for 7 to 10 years especially the equit