DSP Mutual Fund launches DSP Floater Fund
Synopsis DSP Mutual Fund has launched the DSP Floater Fund, an open ended debt scheme predominantly investing in sovereign bonds and overnight index swaps (OIS). By ET OnlineLast Updated: Mar 05, 2021, 10:36 AM ISTDSP Mutual Fund has launched the DSP Floater Fund, an open ended debt scheme predominantly investing in sovereign bonds and overnight index swaps (OIS). The […]
Attention taxpayers! 5 tax-related tasks you need to complete before March 31 deadline
The end of the financial year 2020-21 is approaching soon. Here are 5 tax-related tasks you need to complete before March 31 deadline March 5, 2021 by ET Now DigitalNew Delhi: There are a few tasks that one needs to perform before the 31 March deadline. Many taxpayers would be rushing to make tax-saving investments […]
No interest cut on EPF; rate maintained at 8.5% for FY21 in relief to subscribers…….
EPFO governing body CBT kept the interest rate on PF unchanged at 8.5% for the financial year 2020-21
Key HighlightsEPFO had cut FY20 interest on PF deposits to 8.5% from 8.65% during 2018-19Current EPF rate are lowest since 2012-13 at 8.5%These rates stood at 8.65% in 2016-17 and 8.55% in 2017-18Investors breathed a sigh of relief after the government’s retirement fund body Employees’ Provident Fund Organisation (EPFO) decided to retain an 8.5% interest rate […]
Why don’t Mutual Funds give a fixed rate of return like a saving account or FD?
The returns in a Mutual Fund portfolio are a function of many things, like the avenues one has invested in, the way various markets move, the ability of the fund management team, and the investment period. Since many of these factors are uncertain, the returns cannot be guaranteed, unlike a fixed deposit where these factors […]
What are the kinds of financial goals I can fulfill with Mutual Funds?
The best part about Mutual Funds is that no matter what your financial goal is, you can find an appropriate scheme for it. So if you have a long term financial goal like planning for your retirement or your child’s future education than equity funds could be a choice to consider If your endeavour is to potentially […]
Why do I need to plan for Retirement if I’ve saved enough?
Whatever may be your current age and financial position, you never know what’s in store for tomorrow. If you aren’t sure about tomorrow, can you be sure that what you’ve saved for retirement will see you through till your last day?Both life expectancy and medical costs are on the rise and you don’t know if […]