Hey friends,
Can anybody tell me the meaning of equity oriented mutual funds?
What are they and the tax treatment.
Thank you.
SIVASIVA
(FCA, Future CA)
(4935 Points)
Replied 04 July 2010
it is nothing but the fund collected by the MF Company which is invested in the Equity Markets. (only in Equity shares of the listed companies)
shitanshu priyadarshi
(student)
(23 Points)
Replied 05 July 2010
Equity oriented fund:
means:- a fund which satisfies the following;
(1) the investible funds are invested by way of equity shares in domestic companies to the extent of more than 65% of the total proceeds of such fund,
and
(2) the fund has been set up under a scheme of mutual fund specified in section 10(23D).
SIDHARTH DHIR
(senior articled assistant)
(623 Points)
Replied 05 July 2010
hello devika ji, EQUITY ORIENTED MF OR EQ LINKED SAVING SCHEME CAN BE DESCRIBED IN LAYMAN LANGUAGE AS FOLLOWS
In big companies shares are invested or held by individuals as well as companies.(or we can say AMC IE ASSET MGMT COMPANIES And mutual fund companies)
So that mutual fund which buys and holds equity shares completely and solely is An ELSS. OR EOMF.
Below is the link to a portfolio of an ELSS
https://www.moneycontrol.com/india/mutualfunds/mfinfo/portfolio_overview/MAG162
Hina
(hhh)
(21 Points)
Replied 17 February 2012
hy frnds can anybody ll tell me abt diff bw mutal funds n sahres??
sweta
(Student of CA Final NCFM)
(283 Points)
Replied 17 February 2012
| Originally posted by : Hina | ||
 |
hy frnds can anybody ll tell me abt diff bw mutal funds n sahres?? |
 |
Mutual Fund pools money from many investors and invest it in shares. Investors need to do research before investing in a share. Many investors find it difficult to do research so they prefer Mutual Fund route. Mutual fund takes responsibilty of investing in stocks after due analysis and research.
Ramalingam K
(Founder & Director - Holistic Investment Planners (P) Limited)
(21077 Points)
Replied 05 May 2014
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