To ensure uniformity, Sebi has asked mutual funds to round off Net Asset Value (NAV) up to four decimal places for index funds and all types of debt funds
To ensure uniformity, Sebi has asked mutual funds to round off Net Asset Value (NAV) up to four decimal places for index funds and all types of debt funds. Mutual funds can round off NAVs up to two decimal places for all equity-oriented and balanced schemes. However, mutual funds have the freedom to round off the NAVs up to more than two decimals places in the case of equity-oriented and balanced schemes. Mutual funds should make relevant disclosure on this regard in Scheme Information Document (SID).
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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