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Sunainaa writes on all things wealth and money for Business Standard. She has formerly worked with ToI, Splainer, HT Digital, Times Now, Firstpost and ET.
Sunainaa writes on all things wealth and money for Business Standard. She has formerly worked with ToI, Splainer, HT Digital, Times Now, Firstpost and ET.
Among the Top 10 funds, the highest MoM rise was seen in Nippon India Mutual Fund (+6.5%) followed by ICICI Prudential Mutual Fund (+6.4%), HDFC Mutual Fund (+6.3%), DSP Mutual Fund (+5.1%)
While financing might make purchasing a vehicle more reasonable, spending outright cash can get you a better price and eliminate the need for annual payments.
For investors who want to follow only the MF route, ICICI Securities recommends 60 percent allocation towards large-cap funds, 20 percent towards mid-and small cap and 20 percent towards thematic
Two private banks, ICICI Bank and HDFC Bank, remain among the top holdings of the top five AMCs
Eicher Motors, Hindustan Zinc, Havells India, Mankind Pharma, and Varun Beverages were the most sold in the large cap space.
Realty, Metals & Energy led the charge, rising 9% each. On the flip side, IT lagged with a modest 1% rise.
When an employer when employees a person, he specifies his cost to the company (C.T.C). It means that the organization is going to spend that much amount per year to employ that person
Since multi-asset allocation funds must invest at least three different asset classes, they suit investors looking for more diversification
One should use his savings account to park only temporary surpluses or to use the account for routing investments and meeting expenditures
RBI is also asking for options to switch to fixed rate loans, which are not typically offered by most banks.
Home loan borrowes should continue with floating interest rate loans
Overall, the luxury goods basket grew seven per cent, providing 'credible' returns for ultra high net worth individuals
Auto and ancillaries, Textiles, Chemicals, and capital goods are key beneficiaries of China+1
In the June quarter, Page Industries, Housing Development Finance Corporation, HDFC Bank, Star Health and Allied Insurance, Avenue Supermarts were among companies that saw the highest buying by HNIs
Low cost, simplicity and market returns were cited as reasons for choosing index funds.
The survey revealed that passive funds have taken centre-stage in India over the last few years, gaining a market share from 1.4% of AUM in 2015 to over 17% in 2023.
This was on account of profit booking by LIC, mutual funds as also retail and HNI investors with markets reaching all-time highs.
The Assets Under Management for the large-cap equity category regained its peak, with assets totaling Rs 2,59,583 crore, as of June 2023. said Morningstar.
The first quarter of fiscal-year 2023-24 saw 25 new fund offerings (NFO). Cumulatively they were able to garner INR 5,539 crores during their NFO period.
Among the available tax deductions, 50% of users claimed 80D for tax deductions on medical insurance, while 20% utilised 80CCD(1B) for tax deductions on NPS self-contributions.