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Investors often buy stocks, gold bonds, ETFs and NCDs in the demat account. With mutual fund units too there, investors can get a consolidated view of their portfolio. All investments are kept in one location for convenience and consolidation, which helps in making portfolio management easier
The new fund offers the investor the benefit of Long Term Capital Gains Tax at 10 per cent plus surcharge and cess, if they cross Rs 1 lakh of capital gains in a financial year, he said. If an investor buys or sells equity, debt, or gold separately to rebalance their asset allocation they might face tax gains with each transaction.
The two schemes will be merged and Aditya Birla Sun Life International Equity Fund - Plan A will be the surviving scheme.
Aviva Life Insurance, India's most trusted private life insurance company, announced the launch of Aviva Signature Investment Plan, a Unit Linked Non-Participating Individual Life Insurance Plan.