HDFC Charity Mutual Fund for Cancer Cure
Dear Friends, HDFC Mutual Fund has come up with a unique scheme to support needy and underprivileged Cancer Patients by donating the money to Indian Cancer Society (ICS) or other eligible institutions. A total of 3168 patients from 28 states have been benefited through this scheme. A Governing Advisory Council (GAC) meets every fortnight to identify the genuine cases for financial aid This scheme which is open for investment until 24 Mar 2017 is...
Tax Savings under Sec 80C – Deduction of 1.5 Lakhs under ELSS
Friends, I had already written a detailed article on tax saving schemes during the last Financial Year and thought of reminding you as the Finance/Payroll folks starts to chase us. Most of the content is valid today also and I have added the content in specific areas to reflect the changes for the current scenario. https://penguwin.com/taxing-time/ After retaining the popular Public Provident Fund (PPF) Interest rate at 8.7% for quite some years, Government in Feb...
Does Sensex and Nifty Really Matter?
Friends, Hope this New Year 2017 brings in Happiness and Prosperity to all of us. Investments in Mutual Funds have been increasing continuously due to money coming in from retail investors. The last quarter (Oct-Dec ’16) has seen significant participation, touching all-time highs (Domestic Institutional Investors includes MFs, LIC, Provident Fund). 2 key reasons why the Retail Investors participation have increased in Equity are: Increasing awareness level of investors that Equities have the potential to...