Mirae Asset has launched a new age trading platform mstock with zero brokerage fee*

Mirae Asset is a well known brand to investors in India. Almost all of the schemes outperforms its benchmark and thus gained investors trust as a “Best Mutual Fund Company”. Though Mirae asset originated from South Korea, within a short span of its launch in India(2007) it gained investors trust as a best performing fundContinue reading “Mirae Asset has launched a new age trading platform mstock with zero brokerage fee*”

From HereOnwards, High Networth MF Transactions are To Be Disclosed in Form 26AS

To bring transparency in income tax returns, Central Board of Direct Taxes(CBDT) has increased the volume of the transactions reported in Form 26 AS Tax Payers can access their Form 26AS statement using their Pan Number from the income tax website. From there, they have to verify the TDS/TCS Details, Tax Paid, Specified financial transactionsContinue reading “From HereOnwards, High Networth MF Transactions are To Be Disclosed in Form 26AS”

SEBI’s New Norms On Mutual Fund Distributors

SEBI has the power to review and excerise the role of mutual fund distributors business compliances. As a part of mutual fund business done by the distributors they have to obey the orders of SEBI. Recently SEBI amended norms on mutual fund distributors. As per SEBI- If the mutual fund distributor is actively managing hisContinue reading “SEBI’s New Norms On Mutual Fund Distributors”

SEBI Mandates All The AMC Staff To Invest Part Of Their Salary in Their Own Fund House Schemes

SEBI(Securities and Exchange Board of India)has the right to instruct the market participants. To be associated with the mutual fund unit holders(investors)with more ease, SEBI instructed all the AMC(Asset Management Company) Participants to invest part of their salary proceeds in their own fund house schemes. This is bring to provide uniform experience to the investorsContinue reading “SEBI Mandates All The AMC Staff To Invest Part Of Their Salary in Their Own Fund House Schemes”