Economy / Livemint
SBI Automotive Opportunities Fund is a thematic mutual fund that aims to generate long-term capital appreciation for unit holders by investing in a portfolio of companies engaged in automotive and allied activities. The scheme opened for subscription on May 17 and will close on May 31.
From time to time, Sebi has released circulars to make a set of rules which govern the criteria for credit rating agencies. The regulator has now released a master circular to enable the investors to have access to all the directions at one place.
One way to check the authenticity of notice sent by the tax department is to cross check the email ID from where it is sent. Alternatively, you can authenticate the veracity of notice by visiting the tax department website.
Investors should focus on long-term financial goals by continuing with the same index in a Systematic Investment Plan (SIP) rather than switching annually to the best-performing index of the previous year, as revealed by a study from WhiteOak Capital Mutual Fund.
Angel One launched an engaging and fun educational platform for youngsters Fin One catering to young investors. It aims to deliver infotainment content that engages, entertains, and empowers, cutting across geographical & socioeconomic barriers
Deepak Shenoy has lent a counter-view on the issue saying that taxes are not high at all in real estate, compared to all the subsidies one gets in the sector.
Maternity insurance plans have become increasingly popular amid rising healthcare costs, with an 80 per cent YoY rise in FY24.
Gold consumption in China has increased by over 6% this year despite higher prices. There is a lesson for the rest of the world in this
Indian workers do not face a level-playing field when it comes to receiving social security benefits in some countries like the US and UK. And it may not get better.
For withdrawal of your EPF money, you should ensure that you have seeded relevant details in the EPFO database. These details are as follows: Aadhaar, bank account number along with IFSC details and your Permanent Account Number (PAN).
Retirement goals are among the most important since the accumulated money is consumed over years and the post-retirement stage for most is quite long.
SBI offers home loans in the range of 9.15 percent to 9.65 percent based on the CIBIL score. The higher the score, the lower the interest rate. When the CIBIL score is above 750, the bank charges 9.15 percent and when the score is between 550 to 649, the bank gives loan at 9.65 percent
Investors can take exposure to gold via ETFs and Sovereign Gold Bonds. Gold should be viewed as a diversification tool in a portfolio, not for high returns. Central banks' strong demand for gold has surged prices, with majority purchases from emerging markets.
Indian regulators drive real estate sector transformation with progressive reforms including RERA Act, GST, and REIT regulations. SM REITs democratize access to real estate investing, offering transparency, liquidity, and diversification for retail investors.
The EPFO has come out with an arrangement wherein 19 regional offices are linked to 36 collaborating regional offices in order to expedite the claim settlement process.
Whether its an RIA, PMS provider, MF distributor or RA, ascertain their qualifications, experience and charges before you proceed
Kangana Ranauts assets entail 50 insurance policies issued by the Life Insurance Corporation (LIC), gold weighing 6.7 kg amounting to 5 crore, silver weighing 60 kg amounting to 50 lakh and diamonds amounting to 3 crore.
The number of individual traders in the derivative segment has surged from 710,000 in 2018-19 to 4.52 million in 2021-22 and 9.57 million in 2022-23
Books like 'The Money Book for the Young, Fabulous & Broke,' 'Let's Talk Money,' and 'The Intelligent Investor' offer practical insights on managing money, investing, and building wealth for young adults.
Medical tourism is on the rise globally, with individuals seeking top healthcare treatments worldwide. Global health insurance plays a crucial role in ensuring a seamless healthcare journey, addressing financial challenges and providing access to quality care across borders.
Investing in mutual funds tracking Nifty Bank Index and Nifty PSU Bank Index offers exposure to specific sectors. Nifty Bank Index includes liquid Indian banking stocks, while Nifty PSU Bank Index focuses on public sector banks.
State Bank of India raises fixed deposit interest rate on these tenors
SCSS, POMIS, and FRSBs are low-risk options for seniors seeking regular income. SCSS offers 8.2%, POMIS 7.4%, and FRSBs 8.05% interest annually. Combining investments in all three can yield a monthly income of approximately 52,000, with room to grow using FRSBs.
Income tax return filing deadline of July 31 is exactly 75 days from now. The tax department has already released the requisite forms. You can check the form that is applicable in your case, and you can then start the process to avoid the last-minute glitches
The IT department has been issuing a flurry of tax notices to NRIs who sold property in India in the past and did not pay capital gains tax or failed to file an ITR to report the sale
Warren Buffett suggests investors to do their own research. He likes to do analysis on his own by reading all financial statements. The stock he buys, he does not want to sell often. He said that you should buy companies which even a fool can run because someday a fool will
SEBI relaxes KYC norms on portability of KRA records
The Government of India introduced NPS from Jan 1, 2004 (except for armed forces) before rolling it for the general public five years later. The scheme is aimed at providing pension cum investment as security for old age to the citizens of India.
Generally, the seller is bound to disclose any material defect in the property in the sellers title of which they are aware and the purchaser cannot in the ordinary course discover
In an interview, the asset management firms head of passive funds shares his views on passive investments and the shift in interest from benchmark-based indices to more-broad based and thematic indices
A personal effect is a movable property held by a taxpayer for their or a dependent family members personal use, and can include items like apparel and furniture
Most banks tend to offer higher rates of interest on long duration fixed deposits. The top banks listed here give interest in the range of 6.5 to 7.5 percent per annum.
To create future wealth, prioritize saving over spending by making it a habit. Savings bridge the gap between current financial well-being and future security, catering to emergencies and luxuries. Tracking expenses and budgeting can aid in increasing savings for a prosperous future.
Tax filing can be complex, leading to costly errors. Seek advice from a seasoned CA to avoid common mistakes like selecting the wrong form, handling F&O transactions and more.
Different sectors peak and fall at various stages in an economic cycle. By entering or exiting various sectors at the right time, one can maximize the overall return profile of their portfolio.
I have identified a buyer to sell my property in Bengaluru when I travel to the country this year. But, because of the 120-day rule, I no longer qualify as a non-resident in India
In a directive dated 29 April, the central bank noted three unfair practices with respect to interest on loans that banks need to stop
Using personal loans for medical expenses is a choice that demands thoughtful deliberation. This is because personal loans can present both advantages and drawbacks when used for medical purposes.
As personal loans are typically unsecured, there's no need to release any assets from lien or hypothecation. Your personal loan will automatically close once the bank receives the required funds.
Repaying top-up home loans promptly is important, and it's wise to be cautious about overleveraging. Consider opting for these loans only when you need extra funds for essential purposes like renovations; otherwise, it's best to avoid them.
The income from Reits and Invits (collectively referred to as business trusts) are accorded the status of pass-through income.
The returns from this avenue are relatively more stable than other asset categories like equity or gold.
Kumar and his wife have covered 31 countries across five continents; South America, Antartica are next in the bucket list
Retirement planning is a significant leg of any financial strategy. These savings will help a mother in being independent and she can be financially secure in her sunset years.
Bitsaves star offering is a fund that replicates the weights in the Bloomberg Galaxy Crypto Index, which has delivered 500% returns since January 2020. .The startup is based in Bengaluru but primarily operates out of Seychelles, where crypto assets are unregulated
For working mothers, term insurance holds paramount importance in safeguarding the future well-being of their loved ones. It acts as a safety net, ensuring that in the absence of the primary breadwinner, the family's financial needs are adequately met.
Celebrate Mother's Day with the gift of an all-round health insurance plan tailored for mothers, providing financial security and wellbeing.
As Mother's Day nears, it's crucial to acknowledge the unsung heroes balancing care for children and ageing parents.
Consider giving your mother a financial gift this Mother's Day to empower her financially and provide long-term security. Options include opening a savings account, starting a fixed deposit, investing in gold mutual funds, or building a retirement fund through SIPs.