If you have deposited more than Rs 25 lakh in the bank then this news has just been read
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A mutual fund company is an investment company that receives money from investors for the sole purpose to invest in stocks, bonds, and other securities for the benefit of the investors. A mutual fund is the portfolio of stocks, bonds, or other securities that generate profits for the investor, or shareholder of the mutual fund. A mutual fund allows an investor with less money to diversify his holdings for greater safety and to benefit from the expertise of professional fund managers. Mutual funds are generally safer, but less profitable, than stocks, and riskier, but more profitable than bonds or bank accounts, although its profit-risk profile can vary widely, depending on the fund's investment objective.Most mutual funds are open-end funds, which sells new shares continuously or buys them back from the shareholder (redeems them), dealing directly with the investor (no-load funds) or through broker-dealers, who receive the sales load of a buy or sell order. The purchase price is the net asset value (NAV) at the end of the trading day, which is the total assets of the fund minus its liabilities divided by the number of shares outstanding for that day .
Those who have deposited more than 25 lakh rupees and deposits of Rs. 10 to 25 lakhs have been kept in the category of taxpayers. Chandra said, “After the notification, the number of people who deposit Rs 25 lakh or more in the closed note is 1.16 lakh. These people have not yet submitted their return. He said that such people and companies will have to file their tax returns within 30 days.