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A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
On 10 December 2018, the Government of India made NPS an entirely tax-free instrument in India where the entire corpus escapes tax at maturity; the 40% annuity also became tax-free. [11] Any individual who is a subscriber of NPS can claim tax benefit for Tier-I account under Sec 80 CCD (1) within the overall ceiling of ₹1.5 lakhs under Sec 80 ...
Experts say that accumulating at least $2.5 million in retirement savings is a solid target for those who want to join the top 10 percent of retirees. Trending: Founder of Personal Capital and ex ...
The Public Provident Fund ( PPF) is a voluntary savings-cum-tax-reduction social security instrument in India, [ 1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
Retirable also grew its revenue by over 25% month over month. Today, the company announced $6 million in additional venture-backed seed funding to give the company $10.7 million in total ...
4 money moves to avoid when the Fed cuts rates. Interest rates are a double-edged sword, whether they’re high or low. When they’re high, they make it easier to earn passive interest income ...
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