Under the income tax rules, specified institutions are required to furnish SFT to the I-T department with the details of certain financial transactions or any reportable account registered/recorded/maintained by them during the year.
Investing in mutual funds requires careful consideration of the right allocation between lumpsum and SIP investments. Lumpsum investments allow for potentially higher growth but are subject to market timing risks. SIPs mitigate volatility by investing regularly at different price points.