What is the difference between multicap and flexicap funds?
As per the Securities and Exchange Board of India (SEBI), multicap funds are a class of equity funds that are required to invest at least 75% of their assets in equities. Additionally, they are required to allocate at least 25% towards each of ...
What are the applicable taxes on Mutual Funds?
Equity mutual funds are those funds that invest 65% or more in equity shares of listed Indian companies. All other funds are categorised as Non-equity mutual funds and include debt funds, gold funds, fund of funds and international funds. Taxation ...
Does Glide Invest support ETF investments?
No, we do not support ETF investments, since we need to tie up with brokers for it. ETFs are currently not efficient as investors today overpay/undersell their investments by 1% due to poor exchange liquidity. In light of these inefficiencies, Index ...
What are some of the risk parameters associated with Mutual Funds?
Standard Deviation: is a measure of evaluating the risk caused by the volatility. It tells how much a fund’s performance deviates over a time-frame. Higher the standard deviation, the higher the risk taken by the fund. Risk-adjusted return: is the ...
How do I update my bank account details if they have changed due to bank merger?
There has been a series of bank mergers since 2019/20. Given below is the list of merged banks and associated changes. # Erstwhile Bank Merged Bank Changes 1 CORPORATION BANK UNION BANK OF INDIA No changes to A/c Number; Changes only to IFSC code 2 ...