Figyan

CA Bigyan Kumar Mishra

is a fellow member of the Institute of Chartered Accountants of India.He writes about personal finance, income tax, goods and services tax (GST), company law and other topics on finance. Follow him on facebook or instagram or twitter.

Assets under management (AUM): What is it and why is it important for a fund house

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You might be wondering, What does AUM stand for?The AUM acronym stands for "Asset under management".Asset under management means the total market value of the assets that a financial institution, mutual fund or an entity manages on behalf of one client or many. In other words, it refers to the value of money the mutual fund or the entity manages for their clients. It is … [Read more...] about Assets under management (AUM): What is it and why is it important for a fund house

What happens when RBI raises interest rates

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In India, the Reserve Bank of India (RBI) is responsible for setting the target interest rate at which banks can borrow and lend money to one another. Any changes to these interest rates can have a ripple effect across the county’s economy. In this article, we will let you know what happens when interest rates are increased by the Reserve Bank Of India (RBI) and How it impacts … [Read more...] about What happens when RBI raises interest rates

Tax deduction at source (TDS) in respect of income from mutual fund – Section 194K

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Section 194K has been inserted with effect from 1st April 2020 by our FM Nirmala Sitharaman. This section of the Income tax act, 1961, includes a tax deduction on the amount paid on the units of mutual fund to a resident individual.Government has abolished dividend distribution tax (DDT), due to which, now dividend income will be taxable in the hands of the receivers or … [Read more...] about Tax deduction at source (TDS) in respect of income from mutual fund – Section 194K

Maharatna, Navratna and Miniratna Companies in India

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Government of India has laid down criteria to classify for grant of Maharatna, Navratna and Miniratna status to Central Public Sector Enterprises (CPSEs).Central Public Sector Enterprises (CPSEs) are those companies in which the direct holding of the Central Government or other CPSEs is 51% or more. At present we have more than 300 CPSEs in India.CPSEs are also referred … [Read more...] about Maharatna, Navratna and Miniratna Companies in India

Corporate Actions Explained: A Simple Guide to Dividends, Bonus Shares, Stock Splits, Rights Issues & Buybacks

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Have you ever looked at stock prices or read financial news and found yourself wondering:If these questions sound familiar, you're not alone.Many new investors often feel confused by these terms.The good news is that corporate actions aren’t complicated. They’re just decisions made by companies that can affect their shareholders. Once you understand how they work, … [Read more...] about Corporate Actions Explained: A Simple Guide to Dividends, Bonus Shares, Stock Splits, Rights Issues & Buybacks