PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card (commonly known as PAN card). Given below is an illustrative PAN: BLTPR7048J What is the utility of PAN? ​PAN enables the department to link all …
Equity Linked Savings Scheme ELSS is a diversified equity mutual fund, where the majority of the corpus is invested in the equities. investors enjoy two benefits Market Edge for the investment Save Tax under section 80C Locked in period 3 years There are two options. Growth: You will get a lump sum after completing the …
Index funds as the name suggest copies and index.Eg: HDFC Index Fund – Sensex Plan : copies Sensex.Sensex is made of 30 stocks. So this fund would buy all these 30 stocks in the same proportion as that of the index. Index funds are passively managed funds, where the fund managers do not use his …
For most of us, investment almost has been having fixed deposit, buying gold or investing in real estate.But another form of investment is a mutual fund What is a mutual fund? Many individuals coming together is mutual. The fund is nothing but money. So many individuals pooling money for a common purpose is called a …
