Page 20 - Personal Finance

Bollywood actor Amitabh Bachchan sells duplex flat in Mumbai for Rs 83 cr

Square Yards' analysis, based on a review of IGR registration documents, reveals that the duplex apartment was purchased by Bachchan for Rs 31 crore in April 2021 and was currently sold for Rs 83 cr.

Consumer protection: Seller can't charge for bag carrying its name

The National Commission held that charging a customer for a bag, which prominently displayed the company's name, logo, or tagline, amounted to advertising at the customer's expense

Hybrid funds: Low risk, high returns; experts explain who should invest

Through hybrid mutual funds, investors can not only benefit from the potential market growth but also reduce their risk by investing in debt securities

Choosing right hybrid fund: Risk appetite, horizon should guide your choice

Hybrid funds provide a structured way to handle market fluctuations

Dealing with recovery agents, baking a cake: Top personal finance stories

Our weekly newsletter this week has stories on loan customers' rights and the boom in bakery business

EPFO 3.0 rollout by June: Know how it will benefit members

Technology update will incorporate features similar to those offered by banks

Will Budget 2025 simplify tax filing for the common man?

A clearer system may lead to fewer disputes with tax authorities, fostering a more cooperative relationship between taxpayers and the government

Considering a new car? Here are best loan rates offered by 18 companies

The information is on monthly installments, processing fees and rebates

Fire insurance: Declare correct property value to ensure adequate payout

Fire insurance, also called as fire and allied perils policy (and often part of a home insurance policy), covers a range of risks

Facing a financial crunch? Here's how to pause your SIP payments

Step allows mutual fund subscribers to keep their funds invested and likely benefit from market recoveries during the pause period

Mutual funds raise Rs 1.18 trn via NFOs in 2024; thematic funds lead

Asset management companies launched 239 new fund offerings (NFOs) mobilising Rs 1.18 lakh crore in 2024, with sectoral or thematic equity funds emerging as the top choice of investors, according to a report by Germinate Investor Services Research. This was higher than 212 NFOs collecting Rs 63,854 crore in 2023 and 228 NFOs garnering Rs 62,187 crore in 2022. The NFO landscape expanded from 81 offerings in 2020 to 239 in 2024, besides, the funds raised through the space more than doubled from Rs 53,703 crore in 2020. The trend suggests a strong growth trajectory and heightened investor confidence. Usually, NFOs come during a surging market when investor sentiments are high and optimistic. The NFOs were floated to capitalise on the mood of investors and attract their investment as they were willing to invest at that time. Industry experts said the stock market performance along with the positive investor sentiments led to higher fund mobilisation through NFOs in 2024. In the entire

Resolve insurance disputes efficiently with Bima Bharosa & ombudsman

If the grievance system misses resolution deadlines, don't hesitate to follow up frequently. Consistent follow-ups ensure your issue remains a priority and that delays are addressed

GSTN launches online rectification for pending ITC claims from 2017-2021

Once processed by the tax department, this rectification application will release the pending input tax credits from previous years and adjust the GST order to reflect a nil demand

Aadhaar-based e-KYC for savings accounts in post offices is now possible

Until the full system enhancements are implemented, customers' consent for e-KYC and specimen signatures will be collected using physical forms

Trading volume in dollar-rupee NDF hits record high on arbitrage activity

Banks executed NDF trades worth more than $161 billion at the offshore hub, a sharp rise of 140 per cent from a year ago, data from Clearing Corporation of India showed

Aggressive hybrid funds: Cope with mkt volatility, benefit from rate cuts

If interest rates decline, the bond component of these portfolios could generate capital gains. Conversely, rising interest rates may cause short-term losses

HDFC Bank hikes fixed deposit rates to 7.9% from 7.75%

The bank offers fixed deposits (FDs) with tenures ranging from 7 days to 10 years, featuring annual interest rates between 3 per cent and 7.90 per cent

Mirae Asset launches smallcap fund, targets India's high-growth segment

The scheme will invest in quality stocks that show sustainable high earnings growth, high capital efficiency, good corporate governance and have low or negligible leverage

Israel launches e-visa for Indian travellers: How to apply & required docs

The e-visa platform is integrated with Israel's Entry Travel Authorization (ETA) system, ensuring efficient processing and prompt approvals

Consumer protection: Challenges of prolonged litigation, low compensation

Since no expert evidence was provided, the National Commission held that a "manufacturing defect" had not been established, but the repeated major repairs constituted a "deficiency in service"