Financial Calculator
I would like to request you to join our following services.
It is the smartest way to stay on top of latest Mutual fund, Bonds & IPO News .
Product Updates on whatsapp
Product Updates on Telegram
You will get daily news updates for FREE.
I also request you to spread the world by referring us to the smartest people you know.
To share it with your friends,
just Copy below message it & paste in your group
Subscribe to Our WhatsApp, Email & Telegram Update Service ! https://bit.ly/3ryhxBM
Popular Posts
Check Aadhar PAN Card Link Status
Check Aadhaar-PAN Card Link Status Online The Income Tax Department of India offers a quick and hassle-free way to check if your Aadhaar is linked with your PAN card. This is especially important because linking Aadhaar with PAN is mandatory for filing income tax returns and avoiding penalties. To check the status online, simply visit the official Income Tax e-filing portal using the link below: 👉 Check Aadhaar-PAN Link Status Once you're on the page: Enter your PAN and Aadhaar number. Click on "View Link Aadhaar Status". The system will instantly show whether your Aadhaar is already linked with your PAN or not. Stay compliant and avoid last-minute issues by verifying your Aadhaar-PAN link status today!
New Process for Transfer of Mutual Fund Units in Non-Demat Mode
Key Highlights of AMFI Best Practices Guidelines (Circular No. 116 / 2024-25) Background SEBI regulations permit mutual fund units to be freely transferable unless otherwise restricted. While units in demat mode are freely transferable, units in SoA (non-demat) mode require dematerialization for transfer. Challenges with SoA transfers include the risk of duplicate transfers and lack of visibility into pledges or redemptions until the transfer is registered. To address investor and distributor concerns, AMFI proposes a phased introduction of the facility for transferring units held in SoA mode. Key Provisions for SoA Transfers Applicability : Transfer facility available across all mutual fund schemes except ETFs. Partial transfers are allowed, but if residual units fall below the scheme's minimum threshold, they will be redeemed automatically. Restrictions & Safeguards : Redemption of transferred units is restricted for 10 days post-transfer to mitigate fraud risk. Transfer...