Portfolio management services (PMS) face new challenges after the Union Budget for 2024-25 increased tax on long-term and short-term capital gains. As stocks are held in the investor's demat account in PMS, every buy and sell decision of the PMS manager has a tax impact for the investor, unlike a mutual fund. What are the alternatives for PMS investors? Like PMS strategies, focused funds also take concentrated high-conviction investment calls. In this episode of Why Not Mint Money, Anthony Heredia, chief executive officer of Mahindra Manulife Mutual Fund, talks on whether focused funds can act as an alternative for PMS investors.
Choosing a financial advisor is not an easy decision to make. While there are good advisors out there, it’s not uncommon to hear about fraudulent advisory firms cheating people out ... Read more
Choosing a financial advisor is not an easy decision to make. While there are good advisors out there, it’s not uncommon to hear about fraudulent advisory firms cheating people out of their money. If you don't know what you are doing, you can end up entrusting your money to a dishonest or incompetent advisor, who can do more harm than good. Before you make your choice, here are five questions to ask yourself, to help you select the right advisor Read more
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