Tag - debt mutual fund

Fixed deposit interest rates hiked but debt mutual funds still better

Fixed deposit interest rates hiked but debt mutual funds still better

Interest rates are on the rise. SBI and HDFC Bank have hiked interest rates for fixed deposits below Rs 1 crore. HDFC Bank is offering 7% for deposits below Rs 1 crore for tenures from 1 year to 5 years. The biggest beneficiaries will be senior citizens. Besides the 0.5% higher interest, this year’s budget has also exempted interest income of up to Rs 50,000. General investors, however, may not gain so much. Income from fixed deposits is fully taxable. In [...]

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SEBI plans to lower extra costs charged by mutual funds

SEBI plans to lower extra costs charged by mutual funds

Security and Exchange Board of India (SEBI) is thinking about to reduce the extra costs charged by mutual funds on 15 basis points. This move of SEBI is aimed to expand penetration of such products among investors. The officials said that the extra cost charge on mutual fund proposal will be discussed at a meeting this week. They also added that the additional expense of 20 basis points might be decreased to 5 basis points across all mutual fund [...]

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