The AUM of mutual funds crossed the Rs 30 lakh crore mark for the first time

The AUM of mutual funds crossed the Rs 30 lakh crore mark for the first time

• Rapid boom in the equity market and lucrative investor investment in debt funds
• Investments withdrawn by investors from equities, withdrew Rs 13,000 crore in Nov.

Mutual fund industries have also seen a positive trend due to the sharp rise in the equity market. The country's asset management industries hit a new high in November. For the first time, Mutual Fund Industries' AUM has crossed the Rs 30 lakh crore mark. The target of Rs 30 lakh crore has been achieved due to lucrative investments in debt funds.

However, an average of Rs 13,000 crore has been withdrawn from equity funds during this period. According to an Amphi report, November saw an inflow of Rs 44,983.84 crore in debt funds. As a result, the total net inflows in the mutual fund industries reached Rs 27,194.15 crore and the total AUM of the mutual fund companies reached Rs 30,00,904.42 crore. However, in November, investors withdrew Rs 12,917.36 crore from equity funds. As a result, an investment of Rs 2724.95 crore was withdrawn in October from the previous month.

Also a reduction in the investment flow of SIPs

SIP inflows in November fell by Rs 7,799 crore to Rs 7,302.16 crore as compared to October. NS Venkatesh, chief executive of Amphi, said the decline in SIP contributions was not a cause for concern. There was a three-day holiday in late November. The SIP inflow was much higher in the last three days. However this will be seen in a November inflow.

Mutual funds, SIPs, tax savings investments: Etimoni

Reasons to download the etmoney app:

• - Invest in top mutual funds
• - Track and manage external mutual fund investments
• - Get a health report for an external mutual fund portfolio
• - Invest in Bajaj Finance Fixed Deposit
• - Invest in NPS (National Pension System) scheme
• - Buy health insurance and term life insurance
• - Easily track and manage your expenses

It will be beneficial to invest in PPF and debt funds, find out in which scheme you can get higher returns by investing money

PPF scheme

An account can be opened in a bank or post office under this scheme. Apart from this it can also be transferred to any bank or any post fix.

This account can be opened for only Rs. But then it is necessary to deposit Rs.500 every year. A maximum of Rs 1.5 lakh can be deposited in this account every year.

The plan is for 15 years. From which money cannot be withdrawn in the meantime. But after 15 years the plan can be extended for 5-5 years.

This account cannot be closed before 15 years. But after 3 years the loan can be taken against this account. Anyone can withdraw money under the rules from the 7th year of this account if they wish.

The government reviews interest rates every three months. This interest rate can be more or less. The account is currently earning 7.1% interest.

By investing in this scheme Rs. Tax exemption up to Rs 1.5 lakh can be obtained under 80C.

Debt mutual funds

This mutual fund scheme invests in debt securities. Under debt mutual funds, 65% of the investment is invested in government bonds, company bonds and corporate FDs.

The remaining money, except for 65%, is invested in equity. Money from debt funds is invested in fixed return bonds. Therefore, the probability of damage is very low.

Debt funds are subject to long-term capital gains tax (LTCG) on redemption after 3 years. Also, short term capital non-tax (STCG) is levied on withdrawals 3 years ago.

For example, if someone has invested Rs 50,000 for investing in debt mutual funds. Short-term capital gains will be levied, according to the investor's income tax slab. 50 thousand will be added to the taxable income and tax will be levied accordingly.

If an investor withdraws his / her money after 3 years of investment, 20% long term capital gains tax is levied, which also includes indexation. Injection reduces the value of the total profit earned to show the effect of inflation on your investment.

Investors can invest in it to meet short-term financial goals. It is worth investing in for a period of less than 5 years. These mutual fund schemes are less risky than shares.

Where would it be worth investing?

Debt funds can be a great option for you if you take a little risk. This should be stopped through SIP, which is invested every month. This reduces the risk on the investment and also increases the chances of getting a good return. On the other hand, if you want to stay away from market risk, it would be wise to invest in PPF. Apart from this, debt funds are a better option if you invest for a short period of time as PPF has a lock-in period of 15 years.

Invest in Direct Mutual Fund by SIP or Lumpsum with 0% Commission

• - Get an additional return of up to 1% on your existing regular mutual funds and SIPs by switching to a direct plan of similar mutual fund schemes.
• - Save tax on investments in ELSS Mutual Funds starting from 500 / month
• - Switch your existing lumpsum or SIP mutual fund investments with other applications like Paytm Money, Grove, ScripBoxX and Zerodha Coin.
• - Enable fast and easy payments for mutual funds or SIPs with UPI apps like Google Pay, PhoneP, Paytm and one-tap payments through EasyPay and Net Banking.
• - Investment in Zero Commission Direct Mutual Fund schemes
• - Get an additional return of up to 1% on your SIP investments like top fund houses:

અહીંથી વાંચો ગુજરાતી રીપોર્ટ

SBI Mutual Fund

HDFC Mutual Fund,

Reliance Mutual Fund,

Axis Mutual Fund,

DSP Mutual Fund,

Mira Asset Mutual Fund,

Different types of mutual fund investments

• - Start investing in mutual funds according to your investment goals:
• Large Cap Mutual Fund,
• Small Cap Mutual Fund,
• Balanced fund,
• ELSS Fund,
• Liquid Fund

Mutual fund portfolio tracking and health report

• - An investment dashboard to track all your external mutual fund investments
• - Track the returns of your mutual fund investment portfolio
• - Get portfolio analysis of your investments and ideas for improving returns, reducing risk
• - Guaranteed and stable returns with Bajaj Finance fixed deposit
• - Up to 7.35% P.A. The interest rate is higher than bank FD
• - 0.25% P.A. Higher compensation for senior citizen fixed deposit
• - Flexible payment options are available, you can choose regular payments or lumpsum at maturity

Plan your retirement with the National Pension Plan (NPS)

• - Create a paperless NPS account
• - Existing NPS investors can start investing with their PRAN

Health Assure your family's well-being with health insurance

• - Compare health insurance plans and calculate the premium amount
• - Renew your existing medical insurance policy online with one tap
• - Free periodic health checkups

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અહીંથી જાણો ટોપ ફંડ વિશે માહિતી

Secure your family's future with your term life insurance

• - Create and compare term insurance quotes from the best insurance companies
• - Regular and limited premium term plan options are available
• - Pay premium for few years with limited pay term plan and will be covered for the whole policy
• - Insurance purchased by the best insurers
• - ICICI Lombard Health Insurance
• - HDFC ERGO Health Insurance
• - Religare Health Insurance
• - HDFC Life Insurance
• - Maximum life insurance

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Home and property loans in lowest rate festival offering by bank

Special offers on home loans are being received during the festival season, with several banks including SBI and Punjab National Bank offering low interest rate loans.

• SBI has announced a waiver of any processing fees for home loans
• PNB has come up with a festive bonanza offer for their customers

image source:: divya bhaskar

If you are thinking of buying your own home this festival season then this time would be perfect for it. Many big banks in the country are offering special offers on home loans in view of the festive season. State Bank of India (SBI), HDFC, ICICI Bank, Bank of Baroda and Punjab National Bank are offering many discounts on home loans.

Bank of Baroda Festival offer

Bank of Baroda is offering a 0.25% discount on the current interest rate on home loans under the Festival offer. Apart from this, the bank will not charge any processing fee. This offer can also be availed by transferring the loan to the bank. Bank of Baroda is offering home loan interest rates of 7.00 to 8.60% per annum. On top of this you will get the benefit of the festival offer.

PNB's new offer

Punjab National Bank (PNB) has come up with a festive bonanza offer to its customers. Under this offer the bank will not charge all types of upfront, processing charges and documents on the home loan. Customers can avail this offer till December 31, 2020 through PNB's 10,897 branches or digital channels. The bank is currently offering home loans ranging from 7.10% to 7.90% per annum.

SBI's offer

State Bank of India (SBI) has announced a waiver of processing fees on home loans. You do not have to pay any processing fees if you buy a home. But for this the customers have to apply through the bank application YONO. The SBI said it would offer special discounts to customers at an interest rate of 10BPS, or 0.10%, with a good score. However, it will also depend on the loan amount. SBI is offering home loans ranging from 6.95% to 7.95% per annum.

અહીંથી વાંચો સંપુર્ણ ગુજરાતી રીપોર્ટ

HDFC Bank offers 'Festive Treats'

HDFC Bank has launched 'Festive Treats 2.0' for its customers. Under this, customers will get a rebate on processing fees and EMI on the loan along with cashback, gift vouchers and many other benefits. Home loans are available at an interest rate of 6.95% to 7.65% per annum.

ICICI Bank's 'Festive Bonanza' offer

ICICI Bank has launched 'Festive Bonanza', which is getting a lot of offers. Under this, interest rates start from 6.90% and processing fees start from Rs 3,000.

Larger loans will have more benefits

SBI has announced a 20 basis point discount on home loans over Rs 75 lakh during the festival season. However, it will depend on your Sibyl score. That is, only those with a high CIBIL score will be able to take advantage of it. Also, if you apply for a loan from YONO application and it is approved then you will get an extra discount of 5 basis points. For loans over Rs 75 lakh, the discount will be 25 basis points.

You will get a 10 basis point discount on a small loan

Also, loans of Rs 30 lakh to Rs 75 lakh will get a 10 basis point discount. Also, this discount will be 15 basis points if applied from YONO application. However, it will depend on your Sibyl score. If the home buyer is a woman, she will get an extra 5 point discount. SBI's home loan interest rates start at 6.90%.

SBI's offer during the festive season

Earlier the bank had launched a festive season offer. Under the offer, SBI has announced a 100% waiver of processing fees for home loans, cars, goals and personal loans. That means you don’t have to pay any processing fees if you’re buying a home.

Property prices fell during the Corona period

Corona epidemics have led to a sharp decline in housing property sales. During the July-September quarter, sales in India's top seven cities fell 46% to 29,520 units. Demand for housing property has declined due to the Koro epidemic, according to a report by property consultant Anaroc. Home sales in these seven cities stood at 55,080 units in the same period last year. For this reason, good property can be found at a lower price at this time. 

Getting a discount on property registration

People are hesitant to buy a new property because of the Coronation Age. In view of this, other states including Madhya Pradesh, Maharashtra and Karnataka have announced two to three per cent exemption in registration fees to boost the property business. This has also reduced the final cost of the property.

Getting a subsidy

Under the Prime Minister's Housing Scheme, if you are buying a house for the first time, the government provides a subsidy of up to Rs 2.67 lakh on home loan interest. If you are thinking of buying an affordable house then with this plan you can complete this unfinished work. Applications for this can be made from March 31, 202...

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