Under this new service, trained employees of the post office will help investors to fill the KYC form, get the required documents self-attested, verify proof of identity and address (such as Aadhaar, PAN, electricity or water bill) and deliver them to asset management companies (AMCs).
During the current ITR filing season, there is a discrepancy in the AIS report of such taxpayers who have bought and sold mutual funds in the last financial year.
Before investing, it is important to understand not just the returns but also the quality of returns and the balance of risk. For complete details, read this special report of Dynamite News
The Reserve Bank of India (RBI) on Monday decided to open a special liquidity facility for mutual funds of Rs 50,000 crore in a bid to arrest redemptions in the asset management industry after last week’s collapse of six debt schemes of Franklin Templeton India.
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