taxation of mutual fund income

... OBJECTIVES OF THE STUDY: To evaluate and compare the performance of equity diversified mutual fund schemes of selected companies To compare the performance of equity diversified mutual fund schemes of ... measure with a sample of 269 open ended schemes (out of total schemes of 433) The results of performance measures suggest that most of the mutual fund schemes in the sample of 58 were able to satisfy ... prudential and UTI Mutual fund has lower level of risk compare to HDFC and Reliance mutual fund Beta is less than one to all selected mutual fund companies which means the funds are less volatile...

Ngày tải lên: 19/02/2014, 15:20

... than half of their household financial assets invested in mutual funds (Figure 6) Mutual fund owning households often hold more than one mutual fund In 2011, the median number of mutual funds owned ... Annual Mutual Fund Shareholder Tracking Survey Retirement Saving Is Often the Goal of Mutual Fund Investors Mutual fund owning households have a variety of financial goals for their mutual fund ... Annual Mutual Fund Shareholder Tracking Survey FIGURE Equity Funds Are the Most Commonly Owned Type of Mutual Fund Percentage of U.S households owning mutual funds, 2011 81 63 44 52 Equity funds...

Ngày tải lên: 19/02/2014, 15:20

... characteristics of our sample of funds compared to the population of funds in Center for Research in Sector Price (CRSP), which fall into each of the four categories of stock funds that we examine ... data, on average 57% of the fund years have complete monthly data, and 96% of the fund years are not missing more than months Less than 1% of the funds have only months of monthly data in any ... include not only holdings of traded equity but also holdings of bonds, options, futures, preferred stock, other mutual funds, nontraded equity, and cash Studies of mutual fund behavior from the...

Ngày tải lên: 30/03/2014, 15:20

... Introduction Types of Funds Classes of Shares Mutual Fund Accounts Distributions by Funds Taxation of Mutual Funds Mutual Fund Expenses ... the management ability of the open-end investment company TYPES OF FUNDS The main types of mutual funds offered to investors include • Growth funds • Sector funds • Income funds Open-End Investment ... stock funds than money market funds, balanced funds, or income funds However, in a down market, common stock funds normally decline more than money market funds, balanced funds, or income funds...

Ngày tải lên: 22/02/2014, 06:20

... non-residents’ income not obtained through an EP Taxation of the most usual kinds of income obtained by non-resident taxpayers without an EP: Income from employment Income from economic activities Income ... by virtue of being a member of the Board of Directors of a resident company in Spain are liable for taxation in Spain Professional activities Corporate profits can only be liable for taxation ... in Spain KINDS OF INCOME Without prejudice to the terms of each individual agreement, most agreements treat the different kinds of income as follows: Corporate profits Corporate profits can only...

Ngày tải lên: 06/03/2014, 10:20

... The Taxation of Income from Capital A National Bureau of Economic Research Monograph Institut fur Wirtschaftsforschung Industriens Utred n ings institut The Taxation of Income from Capital ... Proportion of funds allocated to investment funds that must be deposited in Central Bank (Sweden) ben) Value age profile of an asset (Sweden) C Effective cost of an asset Cd Tax on distributed profits ... discounted value of profits of a project v Proportion of inventories taxed on historical cost principles w Tax wedge (p - s) w Mean of w We Rate of corporate wealth tax wp Rate of personal wealth...

Ngày tải lên: 07/03/2014, 13:20

... B of Table exhibits sub-category of fixed income mutual funds Money Market Fund (MMF), Foreign Fixed Income Fund5 (FIF), and General Fixed Income Fund6 (FIXED) are three major types of fixed income ... this type of equity mutual funds can be used as a deductible taxable income4 Funds categorized as the second type of equity mutual funds are Long Term Equity Funds (LTF) and Retirement Fund (RMF) ... compositions of major category of Thai mutual fund, fixed income and equity funds, based on types of products Equity mutual funds can be categorized into two major types as shown in Panel A of Table...

Ngày tải lên: 16/03/2014, 17:20

... performance of Iranian mutual funds (r≠0) Fixed Income Instruments Mutual Funds: H0: There is no significant relationship between fund size and performance of Fixed Income Instruments mutual funds ... rejected 4-4- Analysis of Fixed Income Instruments Mutual Funds Eighteen out of seventy-eight Iranian mutual funds were classified as Fixed Income Instruments mutual funds2 The total fund size (assets) ... percent of the total fund size (assets) of all Iranian mutual funds Table (3) provides correlation coefficients between fund size and the performance of Fixed Income Instruments mutual funds ...

Ngày tải lên: 16/03/2014, 17:20

... Introduction Types of Funds Classes of Shares Mutual Fund Accounts Distributions by Funds Taxation of Mutual Funds Mutual Fund Expenses ... the management ability of the open-end investment company TYPES OF FUNDS The main types of mutual funds offered to investors include • Growth funds • Sector funds • Income funds Open-End Investment ... stock funds than money market funds, balanced funds, or income funds However, in a down market, common stock funds normally decline more than money market funds, balanced funds, or income funds...

Ngày tải lên: 23/03/2014, 12:20

... Regularities in Mutual Fund Returns? The literature on mutual funds has long searched for predictors of mutual fund performance Thus, extensive research has been dedicated to the issue of performance ... The population of funds consists of actively managed U.K equity mutual funds Fund f low data are for 1992 to 2000 We normalize f lows by dividing them by fund TNA at the start of the month High ... Out of sight, out of mind: The effects of expenses on mutual fund f lows, Journal of Business 78, 2095–2120 Barclay, Michael J., Neil D Pearson, and Michael S Weisbach, 1998, Open-end mutual funds...

Ngày tải lên: 30/03/2014, 12:20

... existence of a corporate profit tax, but the latter represents only a prepayment on the personal income tax liability of the shareholder Figure 1: Taxation of Corporate Profits: Relation of CIT ... of PIT on total income (excl capital income) plus capital income tax ** Taxes on income from labor and capital divided by income from labor and capital *** Comprehensive Income Tax: capital income ... tax on personal income determine the overall tax burden on capital income In 1988, taxation of capital income was reformed as part of the entire package to reform the personal income tax Dividends...

Ngày tải lên: 29/08/2016, 10:28

... is a measure of nongaussianity Thus, (10.7) shows that ICA estimation by minimization of mutual information is equivalent to maximizing the sum of nongaussianities of the estimates of the independent ... Thus, we see that the formulation of ICA as minimization of mutual information gives another rigorous justification of our more heuristically introduced idea of finding maximally nongaussian directions, ... MINIMIZATION OF MUTUAL INFORMATION To use mutual information in practice, we need some method of estimating or approximating it from real data Earlier, we saw two methods for approximating mutual entropy...

Ngày tải lên: 23/12/2013, 07:19

... Mutual Funds Regulations4 1.1.3 All offer documents (ODs) of Mutual Fund schemes shall be filed with SEBI in terms of the Regulations5 1.1.3.1 Filing of Draft SID: a Draft SID of schemes of Mutual ... elaborated below: 1.11.1.1 Type of a scheme a Open ended/Close ended/Interval scheme b Sectoral Fund/ Equity Fund/ Balance Fund/ Income Fund/ Debt Fund/ Index Fund/ Any other type of Fund 1.11.1.2 Investment ... Clause (d) of sub-regulation (15) of Regulation 18 of SEBI (Mutual Funds) Regulations, 1996 15 Master Circular for Mutual Funds CHAPTER CONVERSION AND CONSOLIDATION OF SCHEMES AND LAUNCH OF ADDITIONAL...

Ngày tải lên: 19/02/2014, 09:20

... Former Fund Owners Have Mixed Impressions of the Mutual Fund Industry Familiarity with mutual fund companies Percentage of respondents who previously owned funds, 2011 Impression of mutual fund ... Viewed Mutual Fund Industry More Favorably Older Shareholders Viewed Mutual Fund Industry More Favorably Percentage of mutual fund shareholders familiar with mutual fund companies by age of head of ... Ownership of Mutual Funds by Individual Investors Millions of individual U.S investors owning mutual funds, 1997–2011 Mutual fund owners per household Millions of individuals owning mutual funds...

Ngày tải lên: 19/02/2014, 09:20

... Former Fund Owners Have Mixed Impressions of the Mutual Fund Industry Familiarity with mutual fund companies Percentage of respondents who previously owned funds, 2012 Impression of mutual fund ... Ownership of Mutual Funds by Individual Investors Millions of individual U.S investors owning mutual funds, 1997–2012 Mutual fund owners per household  Millions of individuals owning mutual funds ... FIGURE A6 Incidence of Mutual Fund Ownership Increases with Household Income Percentage of U.S households within each income group* owning mutual funds, 1994–2012 Incidence of mutual fund owning households...

Ngày tải lên: 19/02/2014, 09:20

... on portfolio concentration risk in debtoriented mutual fund schemes Mutual Funds/AMCs shall ensure that total exposure of debt schemes of mutual funds in a particular sector (excluding investments ... issued in exercise of powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of regulation 77 of SEBI (Mutual Funds) Regulations, ... time to time, shall be allowed to sell units of simple and performing mutual fund schemes Simple and performing mutual fund schemes shall comprise of diversified equity schemes, fixed maturity...

Ngày tải lên: 19/02/2014, 14:20

... somewhat Funds of funds are mutual funds that invest in other mutual funds The market for funds of funds has expanded considerably in recent years By the end of 2010, there were 966 funds of funds with ... Approximately 85 percent of the assets of funds of funds are in hybrid funds of funds, which are funds that invest in a mix of stock, bond, and hybrid mutual funds Figure 10 Money Market Funds Waived an ... References Stock funds includes both equity mutual funds and balanced/ hybrid mutual funds Balanced and hybrid funds that are funds of funds are analyzed separately along with all funds of funds in the...

Ngày tải lên: 19/02/2014, 15:20

... and iMoneyNet Funds of Funds Funds of funds are mutual funds that invest in other mutual funds.7 The market for funds of funds has expanded considerably in recent years By the end of 2011, there ... target date funds of funds account for 58 percent of the total number and 57 percent of the total assets of funds of funds From 2005 to 2011, the average expense ratio of funds of funds fell from ... there were 1,047 funds of funds with more than $1,046 billion in assets (Figure 12) Approximately 89 percent of the assets of funds of funds are in hybrid funds of funds, which are funds that invest...

Ngày tải lên: 19/02/2014, 15:20

... by fund sponsors A recent study by Federal In the week after the Reserve Primary Fund broke the buck on September 16, 2008, investors redeemed over $320 billion from prime funds (15% of prime fund ... transparency of MMFs The SEC’s 2010 Rule 2a-7 amendments require funds to disclose portfolio information no more than business days after the end of each month As of month end November 2012, prime funds ... Accordingly, the size of an appropriate NAV buffer should depend, in part, on the level of risk in a fund and the level of diversification in the portfolio 26 For a poorly diversified fund with portfolio...

Ngày tải lên: 19/02/2014, 15:20

... considers a number of areas, including investment performance, the competitiveness of mutual fund costs, institutional pricing, economies of scale and adviser profitability Within each of these areas, ... subject of this year s PwC Mutual Fund Directors Roundtable Directors comments How directors oversee the management of risk in their funds is among the most topical items on the agendas of many ... at mutual funds The quality and depth of a fund complex s valuation practices, in fact, can be seen as something of a surrogate for its approach to broader risk management responsibilities Funds...

Ngày tải lên: 19/02/2014, 15:20