If you want to crunch some numbers, the total assets under management of the Indian mutual fund industry stood at ₹54,54,214 crore. Over 8.2 crore SIP accounts are being held by retail investors through which they invest regularly in various Indian mutual fund schemes offered by Asset Management Companies (29th February 2024). Also Read: Your … Read more
Holi, the festival of colours, is not just a time for fun and merry-making but also offers valuable financial lessons that can be applied in our everyday lives. As we celebrate Holi, let’s take a closer look at some of the financial lessons we can learn from this vibrant festival. Budgeting and planning ahead Just … Read more
The Reserve Bank of India (RBI) is expected to cut the interest rates later this year, thus kicking off the rate cut cycle in the market. However, RBI in its Feb 2024 monetary policy meeting (MPC) kept the interest rates unchanged for the sixth time in a row. But this is expected to change as the banking … Read more
If you want to save income tax for the investments made in this financial year (2023-24), do not forget to invest before March 31 this year. With only a few days remaining in this financial year, taxpayers are urged to invest as soon as they can. Meanwhile, RBI has told all agency banks dealing with … Read more
Recent developments have shown promise for Paytm, as it obtained approval from the National Payments Council of India (NPCI) to operate as a third-party app, allowing it to function similarly to competitors like Google Pay and PhonePe. Moreover, Paytm has forged partnerships with Axis Bank, HDFC Bank, SBI, and Yes Bank to facilitate seamless business … Read more
How to choose tax-saving investments? Several critical factors to contemplate when selecting a tax-saving investment comprise: Lock-in duration: This denotes the minimum period you’re required to retain the investment before being able to withdraw funds. Certain tax-saving choices, such as the Public Provident Fund (PPF), entail lengthy lock-in periods, whereas others like tax-saving fixed deposits … Read more
Digital banking has brought a paradigm shift to the way we carry out financial transactions. The collateral damage, however, is the spate of frauds that accompany it. To minimise these frauds, the banking regulator has taken a number of steps so that banking remains safe and secure. Deputy governor of Reserve Bank of India (RBI) Swaminathan … Read more
This is a tale of two unnamed businesses. These are two very popular stocks. Both are strong players in a very hot sector right now. One business sees gross margin growth, while the other business sees gross margin decline over 10 years. The business with the declining gross margin delivered a 5% CAGR (compound annual … Read more
The company’s shares embarked on a one-way rally in June 2020, starting at ₹33.80 apiece, and have steadily surged without notable pullbacks to attain the current trading price of ₹353.70 apiece, reflecting a remarkable gain of 946%. Also Read: LT Foods share price jumps over 9% after Sunil Singhania’s Abakkus Asset Management buys stake The … Read more
Notwithstanding a slowdown in the large economies such as those of US, UK and Europe, India’s economy is seen to be growing since there is a limited impact of other economies on India’s GDP/ profit growth. This is reflected, among other key points, in the Tata Mutual Fund’s Equity Outlook Report for March 2024. … Read more