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Mutual fund redemptions dip to 6-month low in Oct, equity AUM up 24.5% YTD

Equity AUM for domestic MFs (including ELSS and index funds) decreased 1.4% MoM to Rs 20.7 trillion Oct'23, led by a fall in market indices (Nifty down 2.8% MoM).

Refinance to lower rate but keep up higher EMI to become debt-free faster

Banks have been luring homebuyers this festive season with reduced home loan interests, waiver of processing fees and loan prepayment charges.

In charts: It takes 15 months to build an emergency fund 3X your income

Consider exploring advanced wealth-creation strategies, diversify your investments, invest and save consistently, and stay informed about emerging financial trends.

Delhi air: 50% surge in health insurance inquiries, most pick Rs 1 cr cover

Many are choosing the Rs 1 crore cover, a combination of base and super top-up

After 5 months of net outflows, large-caps finally turn a corner in October

Aside from an increase in net flows across all categories of equity funds, small cap mutual fund (MF) schemes got inflows worth Rs 4,495 crore in October 2023, up from Rs 2,678 crore in September

11% CAGR in 20 yrs: How does gold compare against Nifty 50 during crisis?

The study highlights that in times of geopolitical uncertainty, gold is expected to trend higher in the immediate term.

Diwali season: Do you have to pay tax on gifts received ?

If you receive a cash gift of Rs. 1 lakh from your husband on Diwali, you will not be liable to pay tax on the gift, as it is from a specified relative.

Investors pick arbitrage funds as a tax-efficient substitute for liquid funds

On the passive side, equity claimed the lion's share with around 78% of net inflows, while commodities held an 18% share.

MFs, SGBs or ETFs? How to pick the right digital gold investment option

For those looking to invest in gold, sovereign gold bonds (SGBs) are superior to gold ETFs and gold mutual funds

Card devaluation: How to pick between Axis Bank Magnus and HDFC Regalia Gold

The difference between annual fees of HDFC Regalia Gold (Rs. 2500) and Axis Magnus (Rs. 12,500) is also huge, making it an important consideration for consumers while making a choice.

Explained: India emerges as global leader in the number of IPOs in 2023

The third quarter of 2023 saw a staggering 21 IPOs in the Indian main market, compared to just four in the same quarter of 2022. India has topped the world in terms of the number of initial public off

Looking to buy a house or car this Diwali? Here are various offers by banks

It is recommended that you take your time to compare offers from different banks instead of rushing for the initial one you encounter.

HDFC Regalia to Axis Magnus: Why banks are devaluing popular credit cards

Credit card devaluation occurs when the value and benefits offered by a credit card decrease over time.

53% opt for personal loan even before 30, Bengaluru most credit healthy city

A whopping 53% of Indians took their first personal loan before reaching the age of 30, and 22% of the personal loan consumers were under the age of 25

HDFC Regalia credit card: Lounge access restricted, will depend on spend

Cardholders who spend Rs 1 lakh or more in a calendar quarter can avail of up to two complimentary lounge access vouchers as part of the quarterly milestone benefit.

'Mid-cap valuations lofty, large caps offer better reward-risk balance'

However, the recent correction in stock prices may not be the end of the downward trend for mid and small-cap stocks,

How to generate wealth? 50% equity and 50% debt, says Motilal Oswal

The underlying asset classes for the analysis include Indian Equity, US Equity, Long Maturity Debt, Short Maturity Debt and Gold, all in rupee terms.

Floating rate savings bond: Is it worth it or should you stick to an FD?

he interest rate of a floating rate bond is linked to a benchmark rate decided at the time of bond issuance. This interest rate is revised quarterly, half-yearly or annually as announced at the time o

Luxury home sales see 115% rise in first 9 months of 2023, led by Hyderabad

"MMR, NCR and Hyderabad outperformed the other cities in luxury housing sales in the first nine months of 2023, with these three cities together accounting for approx. 63,390 units sold

Top stock additions and reductions by mutual funds in last three months

Key additions were Hindustan Unilever, Nestle India, Adani Power, Zomato and Tata Consumer Products. Key reductions were ITC, Bharti Airtel, State Bank of India, Maruti Suzuki and Axis Bank