Month: March 2013

ICICI Prudential Nifty ETF NFO

ICICI Prudential Nifty ETF NFO ICICI Prudential Nifty ETF NFO is sponsored by ICICI Bank Ltd. ICICI Prudential Asset Management Company Limited will be the investment manager for the fund. ICICI Prudential Nifty ETF is an an open-ended Index Exchange Traded Fund. The units allotted under this scheme qualify to be eligible security under Rajiv Gandhi Equity Savings Scheme, 2012. NFO …

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Mutual funds consolidated account statement

Mutual funds consolidated account statement Mutual funds consolidated account statement is a very useful tool for the investors who have diversified their investments across multiple fund houses.  At present there are more than 50 members registered with Association of Mutual Funds in India (AMFI) who offer mutual fund investment services to investors.  Every mutual fund …

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STT reduction – Is it beneficial to retail investors?

STT reduction (Securities Transaction Tax) was announced by honorable finance minister. Budget for the year 2013-14 was presented on 28 Feb 2013. It was very unconventional to announce STT reduction only on equity futures leaving equity options from the STT reduction benefit. After the sharp fall of markets in 2008, many retail investors shifted their …

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