TRENDS
Money management for millennials: Here is what A. Balasubramanian’s advises
Mutual fund industry veteran A. Balasubramanian, MD and CEO, Aditya Birla Sun Life AMC, shares insights from his 26 plus years of market experience to get you started on the right track.
BUSINESS
Explainer : SEBI mandates integrated, single platform for all mutual fund services
With this platform, requests for changes across funds managed by various RTAs could be serviced in one go, instead of separate, individual requests for each of them. All necessary documentation will be integrated and seamless, irrespective of the fund house involved, thereby reducing the time, cost and efforts involved.
BUSINESS
What Kargil Vijay Diwas tells us about the young Indian financial spirit
BUSINESS
Some personal finance management lessons from Tokyo Olympics 2020
In keeping with the spirit of international peace and well-being that this event endorses, there really is a lot to derive in terms of personal financial wellness as well. Read on to dig a little deeper
BUSINESS
Start Today! Here are some investment mantras for all millennials starting career
There’s no denying that the last two years have been a harrowing ride, but if you’ve landed a job or are just starting out in your career, here are a few ways as to how you can manage to keep your financial health great and have a healthy start to both- your financial and professional life!
BUSINESS
In life, money wise : What Linkin Park songs taught us over the years
An unconventional, financial ode to Bennington and his incredibly insane voice that heralded Linkin Park, the band of our childhoods.
BUSINESS
Decoding Enforcement Directorate's stance on cryptocurrency : A long road ahead
Per an ED official, “Since cash has crossed borders, the regulation of the land applies and one must make certain that this cash isn’t low-cost cash (low-interest loan) or soiled cash (employed for unlawful actions)”
BUSINESS
The curious case of women acing cryptocurrency trading in India
Per the Bitcoin Investor Study 2020 conducted by GrayScale, around 47 percent of all female investors surveyed were open to considering investing in bitcoin, a marginal rise from 43 percent in 2019.
BUSINESS
Mid-week crypto catchup: A look at what's happening in the crypto space
Global stock market indices titan S&P added another cryptocurrency broad digital market index to its existing list of indices, taking the tally of such indicators to 8. Indian legislators also delayed the discussion on the cryptocurrency bill.
TRENDS
All you need to know about Sovereign Gold Bonds
SGBs are simply government-backed securities in denominations of 1 gram of gold and further multiples. Consider them as a substitute for physical gold, but you will not have to incur the cost of buying, selling, and tangibly storing bars or coins.
BUSINESS
Basant Maheshwari shares the secret of achieving financial independence before turning 40
“I achieved it well before reaching 40. Started small, kept adding cash, and had/ have only one asset class. Being financially free requires a lot of risk-taking. It's like a T-20 game. You can’t reach your target playing forward defence,” says ace investor Basant Maheshwari.
TRENDS
Lessons from Football field: What the UEFA Euro finals taught us about money
The match was, without a doubt, a historic goldmine of insights, both when it comes to football tactics and personal finance gems. While die-hard football lovers and enthusiasts break down the technical beauty of the game, take a look at the financial realizations from this mad, beautiful finale.
BUSINESS
Crypto Wrap: All that transpired in the cryptocurrency space this week
Finance Minister Nirmala Seetharaman announced that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be presented in parliament in the upcoming monsoon session
BUSINESS
Are balanced and aggressive hybrid funds going out of favour?
Balanced advantage funds, also known as dynamic asset allocation funds, saw a continuous uptick in their monthly inflows, which rose from Rs 1,362 crore in May to Rs 2,056 crore in June 2021.
BUSINESS
After a rough quarter, cryptocurrencies are on the rise again
The UK's financial regulator recently imposed a ban on Binance, the world’s largest cryptocurrency exchange. This comes in the middle of a global scepticism about the regulatory ambiguity of cryptocurrencies.
TRENDS
OECD report highlights staggering job losses in advanced economies
The road to gaining back pre-COVID employment is a good 3-4 years away, laced with inequalities and social divisions, which are likely to hurt the women and young population the most.
BUSINESS
5 money lessons from Dilip Kumar: Personal finance ideas learnt from Tragedy King
Today, we pay tribute to Dilip Sahab and look a little deeper to derive crucial financial and investing lessons that we can adopt from his life, death, and body of work. Or, as Prince Saleem would say, “ Investments jo timely, regular aur disciplined Nahi Hoti, vo long-term wealth creation Nahi, ayaashi hai, gunaah hai”.
BUSINESS
The appeal of passive investing
With 7 index funds, 3 ETFs, and 3 Funds-of-funds launched, mobilizing a total of Rs 2,278 crore rupees, the passive investment segment far outshined the number of income schemes (5) and growth-oriented mutual fund schemes (3) between January-March 2021.
BUSINESS
Excited about Baby Doge? Here's all you need to know about it
With its development credited to the fans and members of the dogecoin online community, the cryptocurrency incentivises holding on, which means that every time you trade in Baby Dogecoin, a 10 percent fee is levied.
TRENDS
What you need to know about RBI rule change on overdue fixed deposits
If a Term Deposit matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract a rate of interest as applicable to a savings account or the contracted rate of interest on the matured TD, whichever is lower.
BUSINESS
All you need to know about TDS and the new deduction rules
If you have not filed your income tax returns for the last two years, and the total on your tax deductions exceeds Rs 50,000 or more in each of the preceding two years, you will be subject to a higher TDS.
BUSINESS
Planning to retire? Here are 5 pension schemes you should check out for retirement planning
The 2011 population census pegged the number of senior citizens at 103 million, or around 8.6 percent of the population, the figure is estimated to grow around 3 percent annually to reach almost 320 million in the next three decades. This means their needs will also grow.
BUSINESS
SBI MF launches ETF on Nifty India Consumption Index
SBI MF recently launched an Exchange Traded Fund tracking the Nifty India Consumption Index. The New Fund Offer runs from June 30 to July 14.
TRENDS
Here's all you need to know about LIC's Saral Pension Plan
Described as a standard immediate annuity plan according to Insurance Regulatory Development Authority of India guidelines, the plan is open for individuals in the age bracket of 40-80 years.
