SEBI may ask MFs not to price NFOs at highest TER slab The pricing of NFO should be based on average TER of all existing open-end schemes. NFO may no longer be attractive for fund houses at least in terms of pricing. SEBI has reportedly asked AMFI that NFOs should not be priced at highest[…..]
Gross Savings fell to 30.1% of GDP in FY19 from 34.6% in fiscal 2012, but remained above most EM peers
During employment, employees typically rely on provident fund as their lifeline mainly to build their retirement corpus. And with years of contribution both by the employer and the employee and along with the interest added, the benefit of compounding works in favour of the investor, thereby resulting in a sizeable corpus. On top of it,[…..]