Mutual Fund Investors   Eligibility to Invest  The following categories of people/entities are eligible to purchase Units of most schemes of mutual funds: Individual Investors They invest for their personal benefit or the benefit of their family. Examples: Resident Indian adult individuals, above the age of 18 : They can invest, either singly or jointly (not exceeding three names).  Minors i.e. persons below the age of 18 : Since they are not legally eligible to enter into a  contract, they need to invest through their guardians.  Hindu Undivided Families (HUFs): Here, family members pool the family money (inherited) for investments.  The head of the family (called “Karta”) invests on behalf of the family.  Against his name in the application, he would add the letters “HUF” to show that the investment belongs to the family.    Non-Resident Indians (NRIs) /Persons of Indian origin (PIO) resident abroad: Indian citizens, who are working abroad, and their family residing abr

1.        Investment select a mutual fund based on matching A.       Investment philosophy B.       Investment policy C.       Investment objective D.       Investment strategy 2.        One of the advantage of exchange traded fund (ETF) is A.       Investor can buy or sell units on stock exchange at price that are closely track valuation at that time. B.       These schemes generate higher return than mutual fund. C.       Investor can see where his money is invested D.       ETF offers tax benefit. 3.        The investment objective of which of these funds would be to seek capital appreciation A.       Dividend yield fund B.       Growth fund C.       Liquid fund D.       Income fund 4.        In the case of NFO unit capital is issued at A.       Rs. 10 B.       Rs. 25 C.       Rs. 50 D.       Rs. 100 5.        Which fund is an actively managed fund A.       Index fund B.       Diversified equity fund C.       Exchange traded fund (ETF)

Goods and Services Tax (GST) is a comprehensive tax on supply of goods or services or both. It eliminates the cascading effect of taxes, as GST is imposed at every stage of supply chain and the input credit is available in across the supply chain. The uninterrupted credit in the supply chain ensures that the end consumer purchases goods and services at a lower price and to ensure this the government has introduced the Anti-profiteering clause based on the experience in Malaysia where GST was implemented from 1st April 2015.    Under GST, taxes are paid at all stages in the supply chain i.e. from manufacturing to the end sale to the consumer. Taxes are levied at all the stages and input tax credit is available to the extent of the tax paid during the purchase. The end consumer will not pay taxes directly to GST authorities; the retailer pays the taxes on behalf of the end consumer. The overall idea of having GST in India is to increase the tax base over a period, and this will result

Make in India: Will help to create a unified common national market for India, giving a boost to Foreign investment and “Make in India” campaign; Will prevent cascading of taxes as Input Tax Credit will be available across goods and services at every stage of supply;  Harmonization of laws, procedures and rates of tax;  It will boost export and manufacturing activity, generate more employment and thus increase GDP with gainful employment leading to substantive economic growth;  Ultimately it will help in poverty eradication by generating more employment and more financial resources;  More efficient neutralization of taxes especially for exports thereby making our products more competitive in the international market and give boost to Indian Exports;  Improve the overall investment climate in the country which will naturally benefit the development in the states;  Uniform SGST and IGST rates will reduce the incentive for evasion by eliminating rate arbitrage between neighbori

The salient features of GST are as under:  GST is applicable on “supply” of goods or services as against the earlier concept of tax on the manufacture of goods or on sale of goods or on provision of services.  GST is based on the principle of destination based consumption taxation as against the earlier principle of origin based taxation.  It is a dual GST with the Centre and the States simultaneously levying it on a common base. The GST to be levied by the Centre is called Central GST (CGST) and that is levied by the States [including Union territories with legislature] is called State GST (SGST). Union territories without legislature levy Union Territory GST (UTGST).  An Integrated GST (IGST) is levied on inter-State supply (including stock transfers) of goods or services. This is collected by the Centre so that the credit chain is not disrupted.  Import of goods is treated as inter-State supplies and is subject to IGST in addition to the applicable customs duties. Import

The GSTC has been notified with effect from 12th September, 2016. GSTC is being assisted by a Secretariat. The following major decisions have been taken by the GSTC in different meetings held by them: The threshold exemption limit would be ` 20 lakh. For special category States enumerated in article 279A of the Constitution, threshold exemption limit has been fixed at ` 10 lakh.  Composition threshold shall be ` 75 lakh. Composition scheme shall not be available to inter-State suppliers, service providers (except restaurant service) and specified category of manufacturers.  Existing tax incentive schemes of central or state governments may be continued by respective government by way of reimbursement through budgetary route.  There would be four major tax rates namely 5%, 12%, 18% and 28%. The tax rates for different goods and services have been finalized. Besides, some goods and services would be under the list of exempt items. The exempted services has been finalized, except s