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Tech View: Nifty looks oversold zone on hourly charts. What traders should do on Thursday
The positive chart pattern like higher tops and bottoms is intact as per daily time-frame chart and presently the market is in an attempt of new higher bottom formation. The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels.
SIP: How Rs 100 saving a day can help you gain wealth of over Rs 1 crore; get calculations
SIP: Likewise, if you save Rs 100 a day and invest that money in a market-linked investment plan such as a mutual fund through the systematic investment plan (SIP), in the long-term, you can easily create a large retirement corpus. And that too, even if you get a 12 per cent annual return on your investments.
Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%
Canara Bank Q4 Results: The company's Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24
Will NPCI implement or extend the 30% cap on market share of UPI players?
As digital payment platforms, PhonePe and Google Pay, continue to have a duopoly in the Unified Payments Interface (UPI) market, the deadline by the National Payments Corporation of India (NPCI) to implement a 30 per cent market share cap on UPI services providers inches closer. Will NPCI implement or extend the deadline?
Money bags! 9 mutual funds own over Rs 1 lakh crore worth of stocks
PI Industries shares gain 0.02% as Sensex rises
The stock quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.
Muthoot Finance prices $650-m fixed rate notes at 7.125%
Muthoot Finance to deploy proceeds of $650-m fixed rate notes in lending
Baroda BNP Paribas Mutual Fund launches retirement fund
The primary investment objective of the scheme is to generate income and capital appreciation by investing in a diversified portfolio of equity and equity-related instruments and fixed-income instruments with a view to provide a retirement solution to investors
27 equity mutual funds deliver over 15% return in five years
Top five schemes in the list were from the small cap category. Bank of India Small Cap Fund, the topper in the list, gave around 30.50% return rolled on a daily basis in the last five years. Edelweiss Small Cap Fund gave 28.11% in the same period.
Best large & mid cap funds to invest in May 2024
As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that will invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks.
Indian lenders to appeal cenbank's tough project finance proposal, sources say
The Indian Banks Association (IBA) is gathering inputs and will write to the central bank, opposing the imposition of higher provisions for under-construction projects, they said
ET in the Classroom: Nomination for your MF units
The new deadline is June 30, 2024. Investors need to have a nomination in place for their mutual fund schemes held in their folios or opt out of it by this date.
Disney reports small loss but sees improvement in streaming
Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss. The entertainment giant cited Walt Disney World Resort, Hong Kong Disneyland and the company's cruise division as areas of strength in parks and experiences, but saw lower results at Disneyland Resorts.
Weighted average cut-off at G-Sec auction eases 6 bps to 7.45 per cent
The weighted average tenor at the auction dipped to 15 years from 16 years last week
SMFG invests Rs 1,300 crore in SMFG India Credit Co Limited via rights issue
The Sumitomo Mitsui Financial Group holds 100% in SMFG India Credit Co, which was formerly Fullerton India Credit Company Limited. Following the fund infusion, SMFG India Credit Co has invested Rs 150 crore in its wholly owned subsidiary SMFG India Home Finance Co. Ltd.
Prudent Corporate Advisory Q4 Results: PAT grows 19% YoY to Rs 138.7 crore
A retail wealth management services firm engaged in distributing a wide range of financial products reported a 32% growth in yearly average asset under management (AUM) in the mutual fund vertical and a 50% growth in revenues from non-mutual fund products.
Used truck market to stay in positive growth curve amid rise in prices of vehicles
Shriram Finance has guided 12 per cent growth in its commercial vehicle loan portfolio for FY25
Credit Card Tips: What happens when you have more than one card but don't use them
Credit card use provides one with the facility to purchase a thing even if they don't have hard cash at that point in time. They can buy anything by making an entire payment or in instalments. Another important factor that has encouraged people to use credit cards is multiple promotional offers available on them.
Stocks to buy: 5 stocks to watch out for an upside of up to 41.4%
How to generate SBI debit card PIN through ATM
How to generate SBI debit card PIN through ATM
These 6 equity mutual fund categories deliver double-digit returns in 2024 so far
Around six equity mutual fund categories have offered double-digit returns in 2024 so far, according to the data from ACE MF.
IDBI Bank gets 2.97 crore GST demand order
The bank is evaluating appropriate legal remedy, including appeal, as per law: IDBI Bank
Chola Inv Finance shares drop 1.18% as Sensex falls
A total of 11,037 shares changed hands on the counter till 01:49PM (IST)
HDFC Bank, Infosys among top 10 companies with highest mutual fund holdings in March quarter
The mutual fund holding stood at Rs 33.96 lakh crore in rupee value terms as on March 31, 2024, according to a press release by Prime Database.
54% equity mutual funds outperformed their benchmarks in April
54% equity mutual funds outperformed benchmarks in April across various categories. Contra funds led with 100% outperformance. Value, ELSS, Large & Mid Cap, Flexi Cap, and Multi Cap funds also showed strong performance.
Jubilant Food shares up 0.34% as Sensex falls
A total of 66,402 shares changed hands on the counter till 11:36AM (IST)
Best small cap mutual funds to invest in May 2024
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks. Small companies go through many ups and downs - more than the established companies in the large and mid cap segments.
Earlier, the company received an observation from RBI in its inspection report in relation to higher geographical concentration of its loan portfolio in Tamil Nadu, Kerala and Karnataka
Hot Stocks: Brokerage view on Lupin and Gujarat Gas; Marico gets an upgrade
Investec raised Marico's rating from hold to buy, while Jefferies upheld a buy rating for Godrej Consumer. JPMorgan continued to rate Gujarat Gas as underweight and maintained a neutral stance on Lupin.
Worries build up over RBI strictures on infra financing
The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance sheets of these entities and exert pressure on their valuation multiples, analysts and economists said.
Kotak Bank 'attractive' despite short-term issues, rises over 5%
Analysts said despite the short-term challenges, the bank's valuations are attractive compared to its peers given its sector-leading metrics on key parameters. Regulatory relief and top management stability will be key catalysts in the near term.
India, Ghana discuss UPI operationalisation, local currency settlement
JTC discusses focus areas for cooperation such as pharma, ICT, agri & food processing, power, critical minerals, textiles
We have leveraged the existing merchant infrastructure on the UPI to facilitate CBDC transactions
Top 10 equity mutual funds that gave highest SIP returns in last 7 years
Around 166 equity mutual funds have completed seven years in the market.
Axis Mutual Fund changes fundamental attributes of Axis Special Situations Fund. What should you do?
Axis Mutual Fund has changed the fundamental attribute of Axis Special Situations Fund. The scheme will now be called the Axis Innovation Fund. According to the fund house, the change has been done to reflect the nuanced focus of the fund in a better way.
Smriti Iranis Rs 88 lakh mutual fund portfolio has these 7 schemes
Smriti Irani had invested in around seven mutual fund schemes at the end of March 2024. She had two midcap funds in her portfolio. The total market value of Irani's investments in SBI Magnum Midcap Fund and Kotak Emerging Equity Fund was recorded at Rs 23.29 lakh and 14.88 lakh, respectively as of March 31.
IIFL Finance facing a liquidity crunch after gold loan business curbs: Report
Reserve Bank of India orders IIFL Finance to stop sanctioning, disbursing, and selling gold loans
Indian Bank Q4 net profit jumps 55% to 2,247 crore
The bank had a net profit of 1,447 crore in the March quarter of the preceding fiscal year
As part of the exempt-exempt-exempt category, while deposits up to Rs 1.50 lakh in EPF provide tax exemption under Section 80C of the Income Tax Act, the interest earned on these deposits and the maturity amount are also tax-free.
IT mutual funds turn backbenchers, lose up to 9% in three months
IT or technology-based mutual funds have lost around 3.83% on an average in the last three months.
MF Query: If there is no sudden crash then Rs 50,000 corpus per month turns to Rs 50 lakh in 5 years
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts.
Want to take Rs 30 lakh home loan from SBI for 20 years? Know your EMI and interest you will pay
SBI Home Loan EMI Calculation: If you want to take a home loan of Rs 30 lakh for 20 years from State Bank of India (SBI), then know from the calculation that what will be your monthly equated instalment (EMI) and how much interest you will have to pay during your loan tenure.
UGRO Capital introduces embedded financing for small merchants credit needs
The acquisition of MyShubhLife marks a significant milestone in our journey, says Shachindra Nath, Founder of UGRO Capital
Mirae Asset Mutual Fund launches Nifty MidSmallcap400 Momentum Quality 100 ETF
Ekta Gala and Vishal Singh will manage the scheme and invest 95-100% in securities included in the Nifty MidSmallcap400 Momentum Quality 100 Index and 0-5% in money market instruments/debt securities, instruments and/or units of debt/liquid schemes of domestic mutual funds.
Floater debt mutual funds have excelled with superior 1-year returns, outperforming benchmarks. Baroda BNP Paribas Floater Fund-Reg(G) leads the pack. These funds are ideal for low-risk investors seeking better returns than small savings schemes.
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF is open for subscription while the other two will open for subscription later this week.
Include RRB pay revision in industry-level wage settlement, urges AIBEA
AIBEA urges Finance Minister Sitharaman to advise DFS to ensure wage revision for RRB stafftoo
How to plan your income tax savings for FY25 using ELSS mutual funds?
Plan tax savings for FY25 with ELSS funds. Invest Rs 1.5 lakh early using lumpsum, SIP, or STP. Consider various investment options for Section 80C benefits. ELSS offers higher returns than traditional options.
Currently as per SEBI classification, there are seven funds namely conservative hybrid fund, balanced hybrid fund, dynamic asset allocation fund, aggressive hybrid fund, multi asset allocation fund, arbitrage fund and equity savings fund.
SRF shares gain 1.35% as Sensex rises
The stock quoted a 52-week high of Rs 2697.45 and a 52-week low of Rs 2050.0.
Stock market update: Nifty Auto index falls 0.01% in an upbeat market
The Nifty Auto index was trading 0.01 per cent down at 22538.25.
Marico shares up 1.67% as Nifty gains
A total of 18,624 shares changed hands on the counter till 10:35AM (IST).
Best mid cap mutual funds to invest in May 2024
As per Sebi norms, mid cap schemes are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. Thats what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
The postponement of rate cuts has placed the markets emphasis on earnings growth. What is comforting is that the rate cuts have been pushed back in the backdrop of resilient global economic growth, says R. Janakiraman of Franklin Templeton.
5-point personal financial checklist for the 30s
Your relationship with money is shaped by your attitude towards charges on your income. It is also a test of the adequacy of your income and allocation of money for various uses. It is also a mark of how you make decisions to spend on yourself and on others. You coud be selfish, or you could be exploited, or you could be in the middle. Know where you stand.
How to select the right motor insurance cover: 8 points to consider
Evaluate your coverage needs based on the type of vehicle and its usage. Determine whether you require basic third-party liability coverage or comprehensive coverage that includes protection against own damage, theft and natural calamities.
Kotak Emerging Equity mutual fund needs to regain strong footing; should you stay invested?
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
How to build a mutual fund portfolio with the right schemes
Aruna is now convinced that she wants to invest in equity mutual funds in a systematic manner. However, she does not know how to select funds to create her investment portfolio.
Where to invest for children's education, retirement income
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
5 high-quality stocks backed by analysts with up to 38% one-year upside potential
The stocks that saw an improvement in experts perspectives can prove valuable investment bets.
Birlasoft has outperformed the Sensex, BSE IT with 135% returns in one year; why it is a top stock
Analysts are confident about Birlasoft because it is aiming for industry-leading growth and due to the growing demand for digital transformation.
IOB plans to sell 92 NPA loans for a total outstanding of 13,472 crore
The bank aims to reduce NPA levels significantly
3 mutual fund NFOs to open for subscription this week
Mutual fund SIP investors make a killing with monthly investment of just Rs 20,000
Top 4 PSU Mutual Funds in 3 Years: Rs 5,000 SIP in top fund has given Rs 4.84 lakh in total
The equity thematic PSU fundcategory has given returns of 94.66 per cent in the one year, 45.87 per cent in the three years, and 45.87 per cent in the five years (As per Value Research data). The credit for such high returns goes to the meteoric rise in PSU stocks.
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.
IDBI Bank Q4 net profit jumps 44% to 1,628 crore
Total income rose to Rs 7,887 crore in the period under review, from Rs 7,014 crore in the January-March period of fiscal year 2022-23
SBI Senior Citizen FDs: What Rs 2 lakh investment in 1-year, 3-year, and 5-year FDs will give you
Investors also get an income tax exemption on deposits up to Rs 1.50 lakh in five-year FDs.
Buying digital gold in Akshaya Tritiya? 5 things to know
Earn 7.7% interest rate on NSC: Tax benefits, lock-in, how to invest in National Savings Certificate
5-year FD vs Top Retirement Mutual Fund: Which option has given more returns on 5-year investment
The five-year FD provides a tax exemption of up to Rs 1.50 lakh on deposits under Section 80C of the Income Tax Act. On the other hand, mutual funds are market-linked programmes where funds invest their money in equities, debts, corporate bonds, and government securities.
Smriti Irani has invested in this ELLS mutual fund; see how Rs 10K SIP has grown in 5 years
Smriti Irani has invested in Motilal Oswal Tax Saver Fund among other funds. It is an Equity Linked Savings Scheme (ELSS) fund, which provides tax benefits of up to Rs 1.50 lakh under Section 80C of the Income Tax Act.
IIFCL AMC, four others settle case with SEBI by paying 1.02 crore
The entities are alleged to have violated mutual fund norms with regard to investments made by IIFCL AMC in various companies such as GVR Infra Pvt Ltd, DP Jain & Co Infrastructure, DPJ-DRA Tollways, Feedback Energy Distribution Company Ltd and Feedback Infra Pvt Ltd
Top 7 lump sum mutual funds in India with up to 41% return in 5 years; check list
In lump sum, one invests money in one go, while in SIP, you invest either a fixed amount at regular investment intervals or opt for a step-up SIP, where you systematically increase the amount every year. The lump sum investment is good for long-term investors who want their income to be compounded over the years.
Are your mutual funds liquid? 5 things to know
8th Pay Commission Latest News:In the recommendations of the 7th Pay Commission, the fitment factor was kept at 2.57 times.
Post Office Scheme: Invest Rs 250 a day in this scheme to accumulate over Rs 24 lakh at 40
Post Office Scheme: UnderPublic Provident Fund or PPF scheme, to get Rs 24 lakh, you just need to save Rs 250 every day. This means, you will have to invest Rs 7,500 every month for 15 years.PPF account holders also get the loan facility. You get the loan based on the amount deposited in your PPF account. This loan is cheaper than an unsecured loan.
Gratuity Calculation:An important thing about gratuity calculation is that if an employee works for more than 6 months, it will be calculated as one year.
