You need not visit the website of each and every mutual fund house. Instead, you can add nominees on Karvy (KFintech), CAMS, and MFCentral websites. Different brokers have different procedures for updating nominee details.
An important component of investment planning is insurance, which helps in achieving financial stability. It is an agreement between the insurer and the insured to reduce the risks and provide protection against possible financial losses arising due to uncertainties. You pay a certain amount known as a premium to the
Income-tax-related terms can be confusing and have different objectives and meanings. TAN, PAN, and TIN are some common abbreviations you come across while contacting the Income Tax Department or filing your returns. Each of these terms has its subtle nuances and understanding these beforehand can simplify the tax-filing procedure. What
The National Pension System (NPS) was launched by the government in 2004, primarily for government employees. In 2009, it was made available to all citizens. You may invest in this pension scheme until retirement. When you turn 60 years old, you are allowed to withdraw 60% of the accumulated corpus,
The Income Tax Act, 1961 offers several benefits and deductions when you invest in certain financial products. Section 80C is a clause in the Act that lists the investments and expenses that are eligible for income tax deductions. The maximum deduction under this section is limited to INR 1.50