#MutualFunds

FASTag mandatory for all new 4-wheelers from December 1: Road Ministry

FASTag is presently operational at about 370 toll plazas across National Highways. The system is inter-operable and the same FASTag can be used across all toll plazas under the National Electronic Toll Collection (NETC) programme.

Come December 1 and it would be mandatory for all new four-wheelers to have FASTag devices fixed on front windscreens by automobile manufacturers or authorised dealers.

A FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it and is affixed on the windscreen of the vehicle and enables the commuter to drive through toll plazas, without stopping for cash transactions.

"...Motor Vehicles sold on and after December 1, 2017 shall be fitted with FASTag as may be specified by the central government, from time to time by the manufacturer of the vehicle or its authorised dealer, as the case may be," a notification issued by the Ministry of Road Transport and Highways said today.

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Making your first mutual fund investment

Over the past year, many investors have demonstrated

their keenness to invest in mutual funds, shifting their 

surplus cash from physical savings to financial savings. 

What documents do they need, or what schemes 

should they choose? 

What do I need to start investing in a mutual fund? 

To start investing in a mutual fund, you need to be a KYC (Know your customer) compliant. One way of doing this is using the physical KYC form. Investors can fill this form, attach a photograph, a PAN card copy and a valid address proof such as the Aadhaar, passport copy, electricity bill, or bank statements. This can be submitted along with the first investment form to a registrar or a mutual fund office. Some mutual fund websites or distributor platforms also allow eKYC, using which you can start investing in mutual funds.

How does an investor choose a mutual fund scheme ?
First-time investor should choose a mutual fund scheme keeping their goals, risk appetite, and time horizon in mind. They could opt for goal-based planning, using websites or the services of a financial planner or distributor.

Investors could work out an asset allocation plan  for themselves to guide them on what percentage they could allocate across asset classes- equities, debt and bullion.