As a result, investors who wish to invest in mutual funds on their own through direct plans, can make use of MFU directly. The stock exchange platforms- BSE STAR MF (BSE Ltd) and NMF II - also offered direct plans. But there was a small limitation - direct plans on stock exchanges were available only to those investors who invest in mutual funds through SEBI-registered RIAs. … [Read more...] about SEBI gives direct access to stock exchanges for mutual fund investments
Investing
Google announces $10 billion investment in dozens of states across the country
Long criticized for helping turn the Bay Area into an unaffordable playground that even rank-and-file tech company employees can’t afford, Pichai’s announcement is carefully crafted to position Google as a nationwide employer (“Google has a presence in 26 states”) with investments that will create thousands of jobs ranging from construction gigs to Google staff jobs to local business opportunities. “Everywhere we invest, we strive to create meaningful opportunities for local communities.” The announcement also repeats Google’s June-of-last-year commitment to invest $1 billion in Bay Area housing. … [Read more...] about Google announces $10 billion investment in dozens of states across the country
Toyota leads $500mn investment in autonomous driving startup Pony.ai: Report
The Silicon Valley-based startup Pony.ai - co-founded by CEO James Peng, a former executive at China's Baidu, and chief technology officer Lou Tiancheng, a former Google and Baidu engineer - is already testing autonomous vehicles in California, Beijing and Guangzhou. … [Read more...] about Toyota leads $500mn investment in autonomous driving startup Pony.ai: Report
Prioritise investments when saving for multiple goals
As of now, it seems that you cannot invest fully for all the goals simultaneously. One way to increase the investible surplus is to cut down on some expenses. But that is easier said than done, as most are unavoidable expenses that cannot be wished off. So, no matter how much you wish to save, you will always be limited by your spends given the current income. Another obvious option is to search for a new job that pays you sufficiently more so that investible the surplus (after all expenses) is at least Rs 75,000. At least now you have an idea how much raise you need. Right? … [Read more...] about Prioritise investments when saving for multiple goals
Equity MFs versus ULIPs: Which investment is better after the Budget?
In the proposed new tax regime, both Ulips and equity-linked saving schemes (ELSS) stand to lose section 80C tax deductions. If one were to look at redemptions, however, mutual funds will attract long-term capital gains (LTCG) tax if the aggregate gains are over Rs 1 lakh. But, there is no dilution of tax benefits at maturity for Ulips. The Union Budget 2020 has abolished dividend distribution tax (DDT). Now, dividends will be taxable in the hands of investors. They will now have to compare their tax slab rate with the DDT rate to ascertain the additional tax outflow, if any. It will also increase the compliance burden. For example, senior citizens who invest in monthly income plans (MIPs) will have to keep track of the dividend they earn and file returns accordingly. DDT kept such hassles at bay all these years. So, the current status is not investor-friendly. … [Read more...] about Equity MFs versus ULIPs: Which investment is better after the Budget?
