MoneyVedam

Most of you may have completed linking your PAN with Aadhar on the Income Tax portal by July 31st, 2017. Some of you may still be in the process of linking Aadhar with your various bank accounts by December 31st, 2017. There are a couple of more "Aadhar linkings" that you may have to complete with respect to financial market accounts as well. Linking Aadhar with Mutual Funds As per the recent amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, all mutual fund account holders are required to link their folios with Aadhaar numbers by 31st December 2017, failing which the said account/folio will cease to be operational. A simple way to accomplish this is by linking at the registrars and transfer agents (RTA) of mutual funds like CAMS, Karvy, Franklin Templeton Investments, and Sundaram BNP Paribas. You may also get your Mutual Fund Distributor - MFD's help to complete the same. https://www.karvymfs.com/karvy/Aadhaarlinking_indivi...

As nifty touched its all time high on Nov 3, 2017 at 10452, one would wonder if all's well with the Indian economy - only its not. In a year when supposedly more than 15 lac people have lost their jobs per CMIE (Center for Monitoring Indian Economy Pvt Ltd) and the economy is at its all time low of 5.7%, the stock market's behaviour is curious! Reasons behind Nifty's rise This month, nifty doubled its market cap to $2.2 Tn from $1 Tn Nov'14. It has provided a 53% return since the time NDA came to power in May'14 and a 30% return since Jan'17. All while the earnings growth and return on equity have declined continuously. Add to this the worsening bank NPA situation to Rs.8 Tn in bad debts, the stock market rise doesn't quite add up!? A widely believed reason behind nifty's rise is falling returns from realty & gold is chasing domestic investors into the stock market. Some observers also believe that AMFI's (Association of Mutual Funds in In...