AMFI and its Objective
AMFI is the abbreviated form of Association of Mutual Funds in India. AMFI protects the interest of mutual fund and its investors.
Month: February 2019
EMI vs. SIP
The full form of EMI is equated monthly installment and the full form of SIP is systematic investment plan. EMI is a fixed amount that you pay to your lender for repaying a loan, SIP is an investment plan you pay every week, fortnight, or month.
Mr. Piyush Goyal The Finance Minister 2019’s budget gift- Full Tax rebate for Salaried up to 5lakh
The budget interim has proposed to give a full rebate for those who earn up to Rs.5lakh a year. Now, 3crore people don’t have to pay tax if this proposal got approved. People with earning of 3.5lakh a year are eligible for a tax rebate of Rs.2,500 under 87A. This budget proposes to increase that tax rebate up to Rs.12,500.
Budget 2019- Tax Exemption up to 6.5 lakhs
The mutual fund industry hoped to gain from the income tax sops and believed to ignore the limitation of LTCG tax
Budget 2019- Analyzed by Top Fund Managers
As 2019 is an election year, Budget 2019 is a provisional one. As a result, details on capex related spending was not missing.
