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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.
Good news for pensioners! Centre launches Integrated Pensioners Portal. Check details here
In a statement, the Department of Pension and Pensioners Welfare (DoPPW) said Integrated Pensioners Portal has been launched to digitalise pension services and enhance the welfare of pensioners.
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.
Axis Nifty Bank Index Fund opens for subscription. Key things to know
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
Earn 7.7% interest rate on NSC: Tax benefits, lock-in, how to invest in National Savings Certificate
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.
Balance transfer: How does it help improve your CIBIL score?
Balance transfer can be a useful tool to manage debt and improve your credit score. It should not be seen as a quick fix since improving your credit score takes time and regular financial management habits.
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
ICICI Bank, Axis Bank among 5 stocks with top long unwinding
In Thursday's trading session, five stocks witnessed a top long unwinding.
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.
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.
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
Bank holidays in May 2024: Check state-wise list
Bank holidays in May 2024: Check state-wise list
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.
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.
Insider trading refers to the buying or selling of a publicly traded company's stock by someone who has non-public, material information about that stock. Participating in insider trading, whether knowingly or unknowingly, can have serious implications for demat account holders in India.
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.
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.
Buy Can Fin Homes, target price Rs 840: Axis Securities
Can Fin Homes Ltd. key Products/Revenue Segments include Interest and Fees & Commission Income for the year ending 31-Mar-2023.
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.
Garmin's Q1 Results: Company beats St estimates on strong demand for fitness, auto products
Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%.
Five-Star Business Finance Q4 Results: PAT jumps 40% YoY to Rs 236 crore
Total disbursements made during the quarter under review grew by 20 per cent to Rs 1,336 crore, from Rs 1,110 crore registered in the same period of last year.
DGCA de-registers all 54 of GoFirst's planes after Delhi HC order
The National Company Law Tribunal (NCLT) on April 8 gave another 60-day extension to Go First to complete its insolvency process, which was the third extension sought by Go First.
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).
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.
How choosing an investment adviser helped this Mumbai family manage its finances
Balpreet Singh's family opted for structured financial planning under the guidance of a fee-only registered investment adviser
How to get SBI Education Loan Certificate in 5 easy steps
How to get SBI Education Loan Certificate in 5 easy steps
Mutual fund re-KYC process effective from April 1, 2024; all you need to know
Sensex@75K! Risk management in algorithmic trading: 8 ways to minimise risk
Since algo trading depends hugely on quantitative models, it also presents certain challenges. Besides sophisticated computer algorithms and lightning-fast speed, a robust risk management system is also needed.
How to claim refund for tax deducted on fixed deposit interest by the bank?
A senior citizen can submit form No. 15 H if the total tax on her income is nil
Tax calendar for May 2024: Crucial dates for tax submission taxpayers should note
Income Tax Calendar May 2024: May is a critical month for financial compliance, encompassing the deadlines for depositing deducted or collected taxes, issuing TDS certificates, and submitting various financial statements.
Godrej conglomerate split: How should investors play the listed entities?
Splitting into Godrej Enterprises and Godrej Industries brings clarity, with no major immediate stock impact. Analysts await Vikhroli land development by Godrej and Boyce, potentially positive for stock.
Oil falls for a third day as Middle East ceasefire hopes rise
Brent crude futures for July fell 70 cents, or 0.8%, to $85.63 a barrel by 0456 GMT. US West Texas Intermediate crude for June declined 75 cents, or 0.9%, to $81.18 per barrel.
6 mid cap funds offer over 30% SIP returns in three years
What's better than FD returns but carries lower risk than stocks? Zerodha's Nithin Kamath explains
To enhance the participation of retail investors in the corporate bond market, Sebi decided to cut the face value of such debt securities to Rs 10,000 from Rs 1 lakh at present.
Q4 results today: Ambuja Cements, Adani Wilmar among 18 companies to announce earnings
Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
'Sympathy goes out to anyone who lost loved ones,' says AstraZeneca on Covishield row
The admission came a day after the pharma giant admitted in a UK court that its COVID-19 vaccine sold globally as Covishield and Vaxzevria may cause Thrombocytopenia Syndrome (TTS) in very rare cases.
Don't leave them in debt: 5 crucial things to teach your kids about money management skills
Instead of preparing kids to do a 9 to 5 job, parents should encourage them to develop entrepreneurial skills. This instils a sense of initiative in young adults.
These equity mutual funds failed to outperform their respective benchmarks in three years
Banks like Yes Bank, ICICI Bank, and IDFC First Bank have revised some of their service charges with effect from May 1, 2024.
Price of commercial LPG cylinders slashed by Rs 19
Oil marketing companies on Wednesday revised the prices of commercial LPG gas cylinders. The rate of 19 KG commercial LPG gas cylinders was slashed by Rs 19 with immediate effect.
Demat Account: CDSL or NSDL? How to decide between the two? Here's a 10-point guide
There are two major share depositories in India: NSDL (National Securities Depositories Limited) and CDSL (Central Depositories Services Limited).
