What are Dividend Plans?
Mutual funds dividend plans distribute the income that they earn from time to time.
What are Balanced/Hybrid Funds?
The aim of balanced funds is to provide the best of both growth as well as income funds. Such funds are suitable for investors looking for moderate growth with lesser risk.
What is a Dividend Reinvestment Plan?
Dividend plans have an additional option for reinvestment of income distribution. Under this plan, dividends declared by a fund are reinvested on behalf of the investor, thus increasing the number of units held by the investors.
How many mandates are to be created for multiple SIPs?
You can opt for the Systematic Investment Plans (SIPs) in different mutual funds using one mandate provided the SIP amounts are lower than the specified limit mentioned in the mandate. In Fyers, the limit mentioned in the mandate is 1,00,000.
How do ELSS funds help in saving Income Tax? Can I Pledge it to trade in F&O segment?
Equity Linked Savings Schemes (ELSS) under section 80C of the Income Tax Act, 1961. These schemes are growth-oriented and invest pre-dominantly in equities. Their growth opportunities and risks associated are like any equity-oriented scheme. ELSS can ...