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HDFC AMC IPO – Why the mad rush?

HDFC AMC IPO – Why the mad rush?

HDFC AMC’s IPO was oversubscribed 83 time and today it got listed at a 58% premium, it closed 65% higher. Why was there such a mad rush for this ipo?? The Answer is Brand/pedigree of HDFC and the track record of the Promoter/Management behind it. The HDFC Group stocks...
Mutual Fund Taxation for NRI’s

Mutual Fund Taxation for NRI’s

As a resident Indian, there will be no TDS when you sell/redeem your units. You are required to show the income and pay taxes, if any, when you file your returns. However, for a non-resident Indian, while the tax laws remain the same for capital gains, TDS will be...
Mutual funds – Important stuff, not to be missed!!!

Mutual funds – Important stuff, not to be missed!!!

Choosing a mutual fund… Before even choosing a fund, its important to choose the category of funds based on your time horizon. Here is an article to help you with that – https://www.smartserve.co/types-mutual-funds/ Now, here are some important points to consider...