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Shariah Compliant Mutual Fund - Tata Ethical Fund
When its come to Shariah compliant investment, the Indian muslims have limited options despite of 200+ millions population. Ethical Mutual funds are one of the most recommendable Shariah compliant option for long term investment. However this option is also very limited in India. As of now there is only one such fund is available. TATA Ethical Fund was launched on 1996 and it is still approved as Shariah compliant Mutual fund. Few others funds were launched by other AMC however they are no longer certified as Shariah compliant funds. Tata Ethical Fund is an open ended equity fund which invests in a diversified equity portfolio based on principles of Shariah. The investment objective of the scheme is to provide medium to long-term capital gains by investing in Shariah compliant equity and equity-related instruments of well-researched value and growth-oriented companies. Tata Ethical Fund is classified as a Multi Cap Scheme with Shariah Board Certification from Taqwa Adv...
National Register Of Citizen (NRC) : All you need to know
When was NRC Started? The National Register of Citizens (NRC) is the register containing names of Indian Citizens. The only time that a National Register of Citizens (NRC) was prepared was in 1951 when after the conduct of the Census of 1951, the NRC was prepared by recording particulars of all the persons enumerated during that Census. What is current NRC exercise? The 1951 NRC list has been updated for Assam, which has had a longstanding foreigner problem, to remove out illegal migrants and save further inflow. The updating process of NRC started in the year 2013 under the strict monitoring and supervision of the Supreme Court of India. What are the possibilities of NRC implementation in other states? As on Oct 2019, NRC is being implemented in Assam only. However the possibilities of NRC implementation in other Indian states in near future cannot be ruled out. The statements by BJP government show that implementing NRC all over India is in BJP priority list. The unio...
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