Anushka Rathod Instagram – My Friend has 11,00,000 in her bank account!!?
But that’s a mistake! Why?
Check out the whole reel to know!
For more details keep reading
First—
1.These funds invest only into highly rated liquid investments with minimal risk of default such as Treasury Bills (T-bills), Commercial Paper (CP) that have residual maturities of up to 91 days to generate optimal returns while maintaining safety and high liquidity.
2.They are taxed as per your income slab.
Second—
1.These funds make profits from price differences in the market. They buy stocks at a lower price in one place and sell them at a higher price elsewhere or take advantage of gaps between current and future prices.
2.These funds are subject to equity taxation: 20% for short-term (held up to 1 year) and 12.5% for long-term (over 1 year) on gains above ₹1.25 lakhs.
Third—
1.This facility is called different names in different banks and different rules. please confirm with your bank before you go ahead with it!!
Note: Savings Account interest earned up to Rs 10,000 in a financial year is exempt from tax. So, invest accordingly to optimize taxes.
Disclaimer: Mutual fund investments are subject to market risks, Read all the related documents carefully.
[Anushka Rathod, Finance, Investments, bank, money, voxpop]
#anushkarathod #finance #investments #bank #money #voxpop | Posted on 02/Dec/2024 19:16:40
