Page 355 - Personal Finance

What are luxury investments? Where do the rich invest their money?

Overall, the luxury goods basket grew seven per cent, providing 'credible' returns for ultra high net worth individuals

Missed July 31 deadline for filing ITR? File belated return by December 31

But you will have to pay a late fee, interest, and won't be able to carry forward business and capital losses

'BSE Manufacturing Index will outgrow benchmark indices for next few years'

Auto and ancillaries, Textiles, Chemicals, and capital goods are key beneficiaries of China+1

Where are HNIs investing? Top stocks bought, sold by the rich in June quarter

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

What are Index funds? Why have they become popular? How to pick right one

Low cost, simplicity and market returns were cited as reasons for choosing index funds.

Longer-duration debt funds: Tactical bets are for high risk takers

Long-term investors who want near-certain returns may opt for a target maturity fund that invest in gilts

SBI issues latest fixed deposits rate 2023, check full details below

State Bank of India issues latest fixed deposits rate 2023. SBI also offers special FD schemes to attract customers such as SBI Wecare for senior citizens, and SBI Amrit Kalash

Index funds are the flavour of the season, followed by ETFs: survey

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.

Retail investor share declines in NSE:What are they buying, selling

This was on account of profit booking by LIC, mutual funds as also retail and HNI investors with markets reaching all-time highs.

Large-cap, small-mid and flexi cap: Best, worst performers in June quarter

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.

Charts: Mutual funds that saw the largest inflows, outflows in June quarter

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.

85% taxpayers opt for old regime, 55% fully utilise 80C benefit: survey

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.

In charts: Is it too early to call out a bull market peak?

NIFTY50 index is consolidating just below the 20,000 mark after rallying 14 per cent from March 23 lows as earnings expansion catch up

Student travel insurance cover: Buy before setting off to study abroad

But ensure that your policy aligns with your foreign university's requirements

Critical illness policy must cover ailments relevant to your family history

Go for high coverage amount and choose policy with minimal survival period condition

Liquid fund or sweep-in FD? What should you pick for emergency money

Both liquid funds and sweep in fixed deposits are excellent risk-averse investment options. We help you decide between the two

Income Tax Return (ITR) status: Steps to check IT Refund status online

There is no specific date for getting your Income tax refund. However, if the IT discovers any inconsistencies in your assessment, it may take longer than usual, anywhere from a week to 10 days

Beware! An income tax refund scam is doing the rounds: How not to fall prey

A viral message claims that that the recipient has been approved for an income tax refund of Rs 15,490.

28% GST on online gaming, casinos, horse racing: What it means for players

The GST Council has stuck to its earlier decision to impose a 28% levy on the full face value of bets placed on online gaming, casinos and horse racing, but kept the door open for a review

Backstop fund facility will shield debt MF investors from fire sale

Alongside Corporate Debt Market Development Fund, risk-o-meter and PRCM introduced earlier enhance investor protection