Question by rupak_kp: Regarding ICICI ULIP?
Does the ULIPs like ICICI Maximiser fund declare any dividends??If yes, then on what basis??
Best answer:
Answer by Explorer
yes if you have invested in balance or dividend option and no if you have invested in growth option
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Categories: Finance Tags: answer, balance, basis, CameliaTWU, Dividend, dividend option, dividends, Exploreryes, fund, growth, growth option, icici, kp, Maximiser, option, Question, rupak, ulip, ULIPS
Question by jhcashman: Any tax benefits to reinvesting your dividends from mutual funds?
I have a few mutual funds with fidelity which distribute dividends once a year. By default all the dividends are reinvested back into the funds. I would rather have the dividends in cash so I can invest into different funds. Is there any tax benefits to having the dividends reinvested instead of just taking the dividend in cash?
Thanks
Best answer:
Answer by Wayne Z
No. They are taxed the same either way.
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Categories: Finance Tags: amp, answer, cash, default, Dividend, dividends, Fidelity, jhcashman, mutual funds, Question, tax, way, year, zno
Question by Ky: For mutual funds, what is face value and how do you calculate it?
When dealing with mutual funds, what is face value or how is it determined? I’ve been reading up on mutual funds and I know it’s use for determining how much dividend is paid.
Best answer:
Answer by HopeURSatisfiedW/MyAnswers
The face value is the most recent price it’s going for, which you can usually check at the fund’s website. Mutual funds are not stocks in that funds are priced based on the total of the last trading prices of each of its holdings times the number of shares of each holding, plus cash on hand, plus whatever holding it has. The mix of holdings is usually a trade secret, and funds usually tell you only the top 5 or 10 holdings it carries.
For dividend-paying funds, they just allocate and distribute a certain amount per share every period or every few months that is equal or less than whatever dividends their holdings have received so far, which is then removed from the face value. For non-distributing funds, the dividends are imputed into the share price and you have to sell a few if you want to cash in.
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Categories: Finance Tags: amount, amp, answer, Dividend, dividend paying funds, dividends, face, face value, hand, holding, HopeURSatisfiedW, mix, mutual funds, MyAnswersThe, number, period, share price, stocks, total, Trade, use, website
