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.
BUSINESS
Senior citizen FD schemes extended; but there are more options
The pandemic has undoubtedly been disproportionately cruel to the elder citizens, leaving them vulnerable, both health-wise and money-wise. To safeguard the older population against the ravages of COVID-19, the banks have been offering additional returns on top of the special rates applicable for senior citizens.
TRENDS
SBI, Axis, IDBI Bank revise charges from today: Check now
Account-holders of various private banks like Axis and IDBI bank, along with public sector banks like Canara Bank, Bank of Baroda, Syndicate Bank, and SBI, one of India’s largest lenders will be impacted
BUSINESS
Home-maker? Here's how you can kickstart your financial independence
The first step, of course, is to prepare a budget. Much like budgeting the household expenditure, women can start off with a list of goals they would want to achieve, their investment tenure, and their risk appetite.
BUSINESS
Green investments | What is the buzz around ESG funds?
As per a recent MSCI 2021 Global Institutional Investor survey, around 79 percent of investors in Asia significantly increased their investments in ESG funds, allocating over $5 billion to them in the last leg of 2020.
BUSINESS
The diversified case of Production-Linked Incentive Scheme
Introduced in April 2020 specifically for the electronics sector with a financial outlay of around Rs 40,000 crore, the scheme was extended to more than 10 sectors by November 2020.
BUSINESS
Crypto Wrap: From China crackdown to bitcoin heist, a look at all the action in cryptocurrency space this week
In what can be considered as the biggest bitcoin scam to date, South African brothers Raees and Ameer Cajee, who ran Africrypt, a cryptocurrency investment firm, vanished with more than $3.6 billion worth of bitcoin.
TRENDS
What is Queen Elizabeth II's net worth? Income sources, expenditure
Queen Elizabeth II net worth: The COVID-19 pandemic will have an impact on the finances of the Sovereign Grant for a number of years, according to the Sovereign Grant report for 2020-21.
BUSINESS
Unit-linked insurance plans finding more takers in post-pandemic market
Simply put, ULIPs offer a combination of investment and insurance. So, along with a cover, the policyholder also gets the choice to invest in equity or debt instruments, depending on their risk appetite.
BUSINESS
Here's all you need to know before starting cryptocurrency trading
Remember to start small and invest only what you are willing to lose, despite a voracious risk appetite when you are starting out. The cryptocurrency market is extremely volatile and overnight crashes are entirely within the scene.
TRENDS
COVID-19 second wave | Women, Gen Z have been hit hardest as Indian job market falls
The trend is reflective of the falling global female participation rates, which declined by 5 percent due to the pandemic, in contrast with just 3.9 percent fall for men, as per ILO.
BUSINESS
EPFO Check: All you need to know about provident funds
As per law, all businesses which have more than 20 employees on their roll are mandated to enroll under Employee Provident Fund Organisation (EPFO).
BUSINESS
Investment Fundamentals | SIP your way to your dreams. Here's how you can start today
Investor confidence in the SIP way of investment is growing by leaps and bounds, given that the AUM (Asset under management) jumped to an all-time high of Rs 4.67 lakh crore as of May 31, data from AMFI (Association of Mutual Funds of India) showed.
BUSINESS
Does your insurance policy cover mental health ailments?
Some policies have made some progress in terms of taking mental healthcare in the ambit of insurance by covering up to 25 percent of the sum insured in case of hospitalisation.
