- Where can you purchase mutual funds - banks, brokerage houses, third party distributors
- Fill out form - you will need your PAN number for that
- Get receipt/acknowledgment as proof that you have invested in the fund
- Fund House will send you regular statements on your status and NAV of your units
- You can choose to invest through a SIP scheme - Systematic Investment Plan. Allows you to invest small amounts of money at regular intervals. Helps you avoid market timing and you can enter the market with a small amount of capital rather than a lump sum. You can also set up an electronic transfer directly from your bank through the ECS transfer facility, so you don't have to write a cheque every month
- How can you educate yourself about MF's - read personal finance magazines like Outlook Money or Money Today or the personal finance sections of business newspapers; may newspapers like Hindu or Business Standard also carry weekly reports on the mutual funds
NHAI, PFC file prospectuses, coupon rate not yet decided MORE debt investment options have opened up for investors with AAA rated tax-free bonds worth over Rs 14,000 crore lined up. The National Highway Authority of India ( NHAI ) and Power Finance Corporation ( PFC ) are offering Rs 10,000 crore and Rs 4,033.13 crore worth of tax-free bonds, respectively, as per prospectuses filed with the Securities and Exchange Board of India (Sebi). Of a Rs 5,000 crore issue by PFC, Rs 966.87 crore has already been raised through private placement on September 28 and November 1. Tax-free bonds give investors tax-free return on any amount invested. In another kind of bonds, the long-term infrastructure bonds, investments up to Rs 20,000 are tax exempt, that is this cap amount can be deducted from the taxable income. Accordingly, the NHAI prospectus has clarified that only the amount of interest from -and not the actual investment on -its new bonds will be tax-free. "NHAI's publ...
