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“What is Mutual Fund units and how it impact the investment”

 Date: 25-Jan-2021 “What is Mutual Fund units and how it impact the investment” Mutual fund investment becomes new way of investments by individuals. There are different types of Mutual Funds are available in the market and different ways to invest in mutual funds as well. When investor is investing in Mutual fund via SIP option, AMC assign the units to the Folio number (Investor’s account with particular AMC). This units are reflection of the market movement where on business working days, AMC need to do the NAV calculation on daily basis and update the same details in the Customer’s Folio. Below case study will help one to understand the Mutual Fund Units and other related areas. Suppose Mr. Sushil, an Investor started investing in AXIS LONG TERM EQUITY FUND and created the SIP mandate with his bank. Below are the investment details which contains the SIP date, SIP amount, NAV and Units got during this investment. On the SIP date, the NAV will be taken after the Market ho...
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Repayment of Credit Card Dues

 Date 23-Jan-2021 Subject: Repayment of the Credit card dues. Usage of credit card has been increased worldwide, since its launch in western countries. It has been seen as plastic money where holder of the credit card can use the Bank's provided limit and do the purchasing of the products and/ or services. Credit card have repayment cycle which range from 30 days to 55 days, depending upon the card and banks. After the purchase or usage of the credit limit, one need to make the payment before or on the due date of the credit days, other wise bank may charge penal interest on non payment of the utilized amount. Repayment of the dues can be done in the following ways, ·        Internet banking (Credit card issuer) ·        Cheques ·        Cash payment- Branch Visit ·        NEFT-RTGS from different bank ·        Auto de...
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