Consider these 9 things before investing in mutual funds!
What is the right way to invest in mutual funds? How do mutual funds work? What kind of risk is involved? Which fund is right for whom? What things should be kept in mind before investing? Watch this video to know-
The debilitating impact of the coronavirus pandemic on the economy is set to have further repercussions for the common man as over six crore subscribers of the Employees’ Provident Fund Organisation (EPFO) may see a dip in their returns.
According to a report in The Economic Times, a decision related to the rates may be taken at the meeting of the EPFO central board of trustees scheduled to be held on March 4.
The report said (Finance Investment and Audit Committee) FIAC is analysing impact on EPFO’s earnings in 2020-21 following huge withdrawals and dip in deposits.
EPFO gave an interest rate of 8.5% for FY20 and 8.65% in FY19.
FM Nirmala Sitharaman in the Budget had announced that interest on provident fund contributions by employees exceeding Rs 2.5 lakh per year will be taxed from next financial year.