A taxpayer is eligible to receive an income tax refund when excess taxes have been paid by him either through tax deduction on payments made to him or direct tax payments as advance or self assessment tax.
Since there is no intermediary involved, the AMC does not have to pay any commission or trailing fees. A regular plan is bought through an intermediary who helps the investor understand the investment strategy of the fund, fill the forms, etc.
Mutual Fund SIP Calculator: What will you get by investing a certain amount of money every month in Mutual Fund SIP in 10 years? If you are a first-time investor, this may be the biggest question on your mind right now
Even as India is seeing a demand-driven slowdown, the government can’t change the fiscal path to boost growth as it may have to then lose its credibility, Sanjeev Sanyal, Principal Economic Advisor in the Ministry of Finance, said.