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Have you been doing SIPs right? Here are 7 options probably you had no idea about
While it is common knowledge that long-term investment in mutual funds through SIPs helps navigate market mood swings, there are other aspects of SIPs that investors have not fully realised.
Invest smartly, don't let FOMO fool you
When FOMO takes over, investors often make decisions that prioritize immediate excitement over long-term financial health.
'Flying licence only remaining thing of value': Plane-less GoFirst banks on a June miracle
Management consultancy Primus Partners' Managing Director Shravan Shetty said Go First seems to be headed unfortunately towards liquidation with the cost of revival increasing.
Mahindra, Tata Motors receive record patent approvals in FY24
NEW DELHI, May 5: Domestic automobile majors Mahindra & Mahindra and Tata Motors have received a record number of patent approvals for a wide spectrum of product and process innovations in the last financial year. Mahindra & Mahindra (M&M) received 674 approvals, its best-ever annual performance, while Tata Motors also witnessed the grant of 333 patents during the 2023-24 financial year. M&M said it has received a record 674 patents in 2023-24, with the majority coming in from the [] The post Mahindra, Tata Motors receive record patent approvals in FY24 appeared first on Daily Excelsior .
3 mutual fund NFOs to open for subscription this week
Where to look for new opportunities in this expensive market?
In an expensive market, hidden opportunities exist despite high valuations. Asset management companies offer potential post sector rerating. Discounted prospects like UTI and ABSL present favorable entry points for investors eyeing long-term growth.
Mutual fund SIP investors make a killing with monthly investment of just Rs 20,000
Buffett reassures about Berkshire's future, praises Apple even as he sells it
Warren Buffett paid tribute to his late business partner Charlie Munger at Berkshire Hathaway's annual meeting on Saturday, while reassuring shareholders that the executives expected to succeed him were ready for the job.
Akshaya Tritiya 2024: Planning to buy gold? Here are a few things you need to keep in mind
Ensure you buy gold from trusted jewellery shops, such as certified jewellers or established bullion dealers. This helps reduce the risk of purchasing counterfeit or low-quality gold.
Luxury car companies speed up amid SUV road rage'
Luxury car makers such as Mercedes-Benz, BMW and Audi are set to launch several new sport-utility vehicle models over the next three months, hoping to further deepen their foothold in this growing segment fuelled by evolving lifestyle trends and changing preferences of Indias affluent buyers.
Pre-emptive steps, better planning help meet peak power demand in April
India copes with high power demand during heat wave, hitting 224 GW last month. Major load from air conditioners. Heatwave continues till May 6. Majority electricity from coal-based power, with growth in solar and wind power.
Warren Buffett takes stage at Berkshire meeting, pays tribute to Munger, cuts Apple stake
At Berkshire Hathaway's annual meeting, Warren Buffett celebrated Charlie Munger, discussed growing earnings, and addressed the $189 billion cash pile. Shareholders eagerly awaited insights on Berkshire's future direction and succession plan.
'Does not feel good': Kotak Mahindra CEO expects bank to 'come out OK' after RBI torpedo
Kotak is already working with the RBI to appoint an external auditor for IT systems and the process should be completed soon, said Ashok Vaswani.
As the Reserve Bank of India kept the repo rate at the same level, many banks have tweaked their fixed deposit rates to attract customers.
Income tax: Home loan benefits when two houses are self-occupied
There is no restriction on the number of houses a person can own under the provisions of the Income Tax Act. Likewise, there is no restriction on the number of houses a person can avail of the tax benefits for a home loan
Experts suggest to build a corpus for retirement, it is important to increase the amount invested in the SIP as per growth in income.
The Finance Act 2023 has made the new tax regime as the default tax regime for FY 2023-24 (AY 2024-25). The taxpayers can switch between the old and the new tax regime on a year-on-year basis.
PM Kisan Samman Nidhi Yojana: How to update eKYC online
Indian investors should think about bond investments, say experts; here's why
SEBI's move to reduce the face value of debt securities from 1 lakh to 10,000 has made bonds more accessible to retail investors, potentially increasing their involvement in the corporate bond market and improving liquidity.
A 6-step guide to assess corporate governance for retail investors
The separation of management and ownership within the company structure gives rise to an agency problem the conflict of interest between the company's management and its stockholders.
Income Tax: As ITR forms enabled to file returns, check here which form you would require
The income tax (I-T) department has released the excel utility of ITR-6 for AY 2024-25. Prior to this, the department enabled the excel utility of ITR-1, ITR-2 and ITR-4 for AY 2024-25.
Top 10 equity mutual funds which delivered highest returns in April
There were around 488 equity schemes in the market.
The Fall Guy: Valuable money lessons from Ryan Gosling's new film
The film The Fall Guy features non-stop action and witty repartee, paying homage to unsung heroes who perform stunts. It also highlights the importance of giving credit to those who support your financial journey.
Cards this week: YES launches Pi, Phi credit cards, cashback update on RuPay-JCB cards
YES Bank has launched two Pi and Phi co-branded cards that have unique features and benefits.
Britannia Industries declares a final dividend of Rs 73 per share
The profit figure was down 3.6% versus Rs 558.66 crore reported in the year-ago period.
4 equity mutual funds offered over 30% returns in 3 & 5 years
Around 185 equity schemes have completed five years in the market.
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
8 defence stocks beat benchmark by wide margin, soar up to 267% in a year
From the pack Zen Technologies, and Mazagon Dock Shipbuilders have soared over 200%
Early filing can help taxpayers get refunds sooner. Additionally, it gives them more time to revise or correct returns without penalty, say experts.
Sebi announces new rules for onboarding of clients by portfolio managers an explainer
Before onboarding, a portfolio manager and the client will enter into a written agreement that clearly defines the relationship and sets out their mutual rights.
Renewable energy accounted for 71 per cent of India's new power generation in FY 24
India's total installed energy capacity has now reached 442 GW, with RE comprising approximately 33 per cent (144 GW) and hydro contributing 11 per cent (47 GW), according to the report by CEEW Centre for Energy Finance (CEEW-CEF).
FM Sitharaman refutes reports of income tax changes after Lok Sabha election results
Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results.
Renewable energy accounted for 71% of Indias power generation capacity addition in FY24: Report
Latest edition of the CEEW-CEF Market Handbook, says share of coal and lignite in Indias total installed capacity fell below 50% for the first time.
Mutual Fund KYC: Here's how to verify your status online and fix gaps
Sebi, it is directive, said that from April 1, investors with an 'on hold' KYC status will not be able to carry out any transactions in mutual funds. This includes investing in new mutual funds or redeeming units from existing mutual funds.
10 equity mutual funds deliver over 25% returns in 2024 so far
Buying digital gold in Akshaya Tritiya? 5 things to know
Step-by-step guide to unlock your Aadhaar
Transferring money to your spouse for groceries and other bills typically flies under the tax radar. But anything beyond that may land you in the tax net
How to generate debit card PIN through SBI customer care number
How to generate debit card PIN through SBI customer care number
Best small-cap funds to invest: 4 small cap funds with up to 35.93% returns in 3 years
Before you take the decision to repay the home loan you need to take into account the future needs for funds for known reasons as well as for any emergency.
ITR-4 Form (Sugam): What is ITR-4, who should file and how to File ITR-4 for AY2024-25
From April 1, 2024, the Income Tax Department enabled the online income tax return forms, ITR-1, ITR-2 and ITR-4, for FY 2023-24 (AY 2024-25) on the e-filing portal. That means those who have all the details can file their ITRs.
Max Healthcare shares up 0.01% as Nifty falls
The stock quoted a 52-week high price of Rs 909.0 and low of Rs 468.0.
Physical gold vs gold mutual funds vs SGBs: What should you be going for?
In the case of physical gold, the expected returns would depend on the current gold price. For gold ETF, the value would depend on the price of the ETF.
Vodafone Idea target price: For BofA Securities, VIL is not a Buy as it is further awaiting clarity on funding position improvement post FY26 as the spectrum moratorium ends.
What are the effects of credit counselling on your CIBIL score?
Credit counselling entails a number of sessions where you receive guidance on managing your finances, creating a budget, and developing strategies to repay debt. Putting this advice in practice can lead to better financial habits, which may eventually improve your credit score.
5 game-changing trends in personal loans
Personal loans are becoming more attainable, user-friendly, and customized to suit individual requirements. Furthermore, in areas such as India, the utilization of data analytics for credit evaluation and a concentration on simplified loan solutions in rural sectors are burgeoning trends.
Can I get a personal loan to pay off student loans? MintGenie explains
Although using a personal loan to settle your student loans may seem feasible, many lenders might reject your application if they discover that the loan will be utilized for this specific purpose.
Thematic funds catch the eye of investors, draw Rs 1.22 lakh crore in FY24
Assets under management (AUM) of this equity category in FY24 soared by 1.22 lakh crore to 2.93 lakh crore from 1.7 lakh crore a year ago - the highest growth in assets under management (AUM) collected by any equity category in this period.
RBI lifts restrictions on Bajaj Finance's eCOM, Insta EMI card with immediate effect
On November 15, 2023, the RBI ordered Bajaj Finance to stop sanction and disbursal of loans under its two lending products eCOM and Insta EMI Card, with immediate effect.
ChatGPT advises investors with high risk appetite to invest in cryptos. Should you take the plunge?
Open AI-founded chatbot tells investors with a high risk appetite to opt for cryptos since the market is highly speculative and volatile. The popular options are bitcoin, Ethereum and other altcoins.
Health insurance: 43% policyholders faced hurdles in getting claims after treatment,findssurvey
The survey by LocalCircles stated that general insurance policy owners struggled the most in getting health insurance claims processed compared to motor or other insurance policies.
Hold a joint mutual fund account? Sebi makes the nomination process voluntary. Details here
Exactly two months before the expiry of the deadline for nominating a nominee for mutual fund folios, Sebi made the process optional for investors who hold accounts in joint mutual fund folios
Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share
The acquisition process is expected to get completed by Q2FY25.
How life insurance policies still take advantage of tax loopholes
Whatever premium-payout combination one designs, the point remains that the IRR in traditional life insurance plans tends to be poor.
. Read more on Must Watch by NDTV Profit.
Federal Bank Q4 Results: Net profit flat at Rs 906 crore
The bank's operating profit for the quarter was lower at Rs 1110 crore due to 41% higher operational expenses including Rs 162 crore one-time pension-related staff cost, offsetting 15% higher net interest income at Rs 2195 crore, its highest ever.
Consolidation continues in banking stocks; Nifty Bank support placed at 49K: Experts
The Nifty Bank witnessed selling pressure around its critical resistance level of 49,500, but it managed to hold on to 49,000-49,200.
12 mutual fund NFOs launched in April; 7 index funds offered
Of the 12 NFOs, three schemes are still under their NFO period. Here is the category-wise break up of new funds launched.
UPI transaction volume declined to 19.64 lakh crore in April. Check Details
In terms of number of transactions, the figure declined to 13.30 billion in April from 13.44 billion in the preceding month
Are your mutual funds liquid? 5 things to know
The evolution of bond investment in India: Sachetization and its implications
In its meeting on 30 April, the board of Sebi approved the proposal to reduce the minimum ticket size for privately placed listed bonds to only Rs10,000 from Rs1 lakh earlier. Let us understand why it was done and what implications this has for investors, bond market, and issuers.
Form 16 is essential for individuals earning a salary as it gives the whole breakup of Tax Deducted at Source (TDS), providing a comprehensive overview of an employees earnings, including salary, allowances, and additional perks, throughout a given financial year.
Info Edge shares gain 0.16% as Sensex rises
A total of 1,247 shares changed hands on the counter till 01:44PM (IST)
Girish Mathrubootham steps down as CEO of Nasdaq-listed Freshworks, stock plunges over 25%
Girish Mathrubootham has stepped down from the position of Freshworks Inc's chief executive officer (CEO) and the company has appointed Dennis Woodside as the new CEO & President, effective from May 1.
Hindu New Year 2024: Secure your future with 9 financial planning rules
The start of a new financial year presents an ideal opportunity for a fresh beginning in your finances. Its a moment to capitalize on renewed motivation and implement essential financial planning principles.
Got laid off? Here's what you need to keep in mind to ensure your daily expenses don't get hit
Prioritize essential expenses and cut back on non-essentials. This might be the hardest part of dealing with job loss, but it is also the most crucial.
Brokewell belongs to a previously unseen malware family with a wide range of capabilities and can conduct full or part device takeovers, said Forbes.
These 5 equity mutual funds lost more than 5% in April
Around 75 schemes offered negative returns in April, according to the data by ACE MF.
Aditya Birla Sun Life Mutual Fund launches Nifty PSE ETF
The new fund offer or NFO of the scheme is open for subscription and will close on May 16. The scheme will re-open for continuous subscription and redemption within five business days from the date of allotment.
Titan Q4 Preview: Profit, revenue seen rising in high double-digits
Titan Company anticipates robust Q4 earnings with strong growth in revenue and profit. The jewelry segment drives sales, with adjustments made to manage margin impact. International business expansion and GP margin decline are key areas to watch.
Colgate-Palmolive shares up 0.89% as Nifty gains
A total of 2,991 shares changed hands on the counter till 11:31AM (IST).
IPL 2024: 6 crucial financial lessons to learn
The IPL season provides valuable insights for investors, adding an extra dimension of excitement to watching the matches.
Godrej Consumer shares up 0.78% as Nifty gains
A total of 12,952 shares changed hands on the counter till 10:45AM (IST).
The 80-20 investor Arun Kumar on why saving has become so hard
Arun Kumar said a few years ago, he noticed a strange pattern in his behaviour that led to him decoding the fact that saving is super boring and extremely hard even though everyone understands the importance of saving.
Is your bank taking you for a ride over loan taken? From October, look for this key metric
The RBI directed banks toprovide borrowers with an annualised percentage rate (total cost of loan) to enhance transparency and empower borrowers to make informed financial decisions. In simple terms, APR will comprise not just therate of interestbut also all other loan-related costs.
7 ways to use your annual bonus to accelerate your financial planning journey
Some ways of using your annual bonus include treating yourself, repaying high-cost debt, emergency fund, upgrading skills, tax planning, financial goals, home loan prepayment, etc.
10 essential tips every retail investor should know for financial success
Patience is crucial for investors during uncertain times, offering long-term returns. Retail investors should prioritize transparency, network building, and understanding market risk to maximize investment potential.
Bajaj Finance Stocks Live Updates: Bajaj Finance Closes at Rs 6923.55 with Weekly Return of -5.45%
TDP banking on alliance partners to defeat YSRCP MP in Vizianagaram
TDP gave its ticket to Kalisetti Appalanaidu, who had previously headed TDPs North Andhra internal training centre against YSRCPs Bellana Chandrasekhar
How to amass a 1 crore corpus for buying a home
Your plan to step up the SIPs every year to build a downpayment corpus is good as you would have been able to reach around 44-48 lakh with the present monthly investment of 40,000 per month for the next 6 years, if we assume an annual return of 10-12%.
One can aggressively explore investment options like fractional real estate or Securitised Debt Instruments (SDIs).
Health insurance for seniors: Will the premiums go up by 15%? Here's what experts feel
In April, IRDAI asked insurance companies to offer their usual health policies to everyone, including senior citizens, students, and children. This comes after the BJP, in its election manifesto., declared that everyone over the age of 70 years would be brought under the governments Ayushman Bharat health insurance scheme.
Retirement planning: 5 reasons to invest in NPS
The NPS for the general public completes 15 years this week. Here are five reasons why you should invest in it.
Is there a place for both active and passive index funds in your MF portfolio?
It is still early days in India for passive funds, but without doubt, there is a growing interest.
Should you file income tax returns in April or wait until July 31? Here's what experts say
If there are any discrepancies or missing documents, you have enough time to sort them out. This proactive approach can save you from last-minute hassles and potential penalties.
