Anuj93

SEBI (Mutual Funds) Regulations 1996 defines a mutual fund as “A fund established in the form of a trust to raise money through the sale of units to the public under one or more schemes for investing in securities, including money market instruments.” In simple words, Mutual Funds are basically those funds which are managed by professionals. The Mutual fund managing company pools money from different investors and invests it in purchasing securities with the help of professionals for which investors pay fees and expenses to mutual fund managing company. The company that puts together the mutual fund is called AMC (Asset Management Company).

GST is not a new concept. Around 140 countries have already implemented it. France was the first one to enroll in 1954. Other major European nations came under its ambit in the 1980s when India wasn’t even liberalized. It was a late entrant into the Asian economies, with Malaysia starting deliberations about 26 years ago and eventually passing it in 2015. But as the inflation went up and customers lost confidence in the new tax regime, anti-GST protests started happening in capital Kuala Lumpur. A similar scenario took place in Singapore when in 1994, a spike in inflation led to opposition from activist groups. But as of today, in the latter’s case, inflation has eased and GST is the second largest source of government revenue. In the former’s case, business has grown manifold since last 12 months of GST implementation.

We all have some goal in our life and it differs from person to person. But the underlying factor about which I want to talk about, what are the factors that drive our goal. So, the factors according to me, which I have experienced in my life, is expectations and values. The expectation of our family, the expectation of society and most importantly what is our expectation of life and values, as they provide the basis in which our goal should be defined.