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Wednesday, April 6, 2016

MF NAV

MF Net Asset Value

To ensure uniformity, Sebi has asked mutual funds to round off Net Asset Value (NAV) up to four decimal places for index funds and all types of debt funds

 

To ensure uniformity, Sebi has asked mutual funds to round off Net Asset Value (NAV) up to four decimal places for index funds and all types of debt funds. Mutual funds can round off NAVs up to two decimal places for all equity-oriented and balanced schemes. However, mutual funds have the freedom to round off the NAVs up to more than two decimals places in the case of equity-oriented and balanced schemes. Mutual funds should make relevant disclosure on this regard in Scheme Information Document (SID).

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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