Biggest change is about to happen in mutual funds and Insurance IndustryAccording to the News from the Industry SEBI is going to do major changes in Mutual fund and insurance (ULIPs, Traditional ,Term Pla, Health ins.) .Such as Locking Period, Chargers, Risk cover, Health insurance e.t.c.
As already the SEBI has change the charges on open ended Mutual funds
SEBI increases the exit time period from one year to three year .
New changes may be in Locking period for all tax saving plans previously
it was 3 year and from OCT 1st 2010 it will be Five years.
There will be major changes in Charges also.
So Its time to invest for Tax saving if U want minimum Locking Period of 3 year.
-by Market Analyst Team
Excelan Consultancy Pvt. Ltd.
www.excelan.in
Ph no:080-41539981
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