With the Unified Payments Interface (UPI) having gained massive popularity for an array of transactions, depositors will soon be able to use this phone banking interface service to deposit cash at cash deposit machines (CDMs) at ATMs and bank branches. Although it is a natural progression in the continuum of fintech evolution we are all … Read more
Among several disclosures, he also disclosed his total assets amounting to ₹20 crore. He has ₹9.24 crore in movable assets, out of which ₹55,000 in cash, ₹26.25 lakh in bank deposits, ₹4.33 crore in bonds and shares, ₹3.81 crore in mutual funds, ₹15.21 lakh in gold bonds and ₹4.20 lakh in jewellery. We spoke to … Read more
However, alongside the convenience, there’s also been an uptick in fraud cases associated with demat accounts over the past decade. This rise in fraudulent activities can be attributed to the influx of new investors entering the market without adequate knowledge of safeguarding their investments. While stock market regulators and brokerage firms continuously strive to implement … Read more
Dividends play a significant role in generating income for investors in stocks or mutual funds. Dividends signify a fraction of a company’s profits shared with its shareholders. This allocation is influenced by multiple factors, encompassing earnings, financial health, and corporate strategies. Companies often declare dividends periodically, whether quarterly or annually, reflecting their commitment to distributing … Read more
With fewer than 48 hours to go before the financial year draws its curtains, investors are rushing to invest into a plethora of investment options in order to save their income tax for fiscal 2023-24. There is no denying the fact that most investment options, particularly the ones in equity have already become unfeasible from … Read more
While investors with a high-risk appetite are savouring the high returns of 30 per cent given by Nifty50 in the fiscal year 2024, there are millions of conservative investors who remain content with their considerable exposure to fixed-income instruments. Additionally, some aggressive investors allocate a portion of their portfolio to debt instruments to keep a … Read more
If you want to crunch some numbers, the total assets under management of the Indian mutual fund industry stood at ₹54,54,214 crore. Over 8.2 crore SIP accounts are being held by retail investors through which they invest regularly in various Indian mutual fund schemes offered by Asset Management Companies (29th February 2024). Also Read: Your … Read more
Holi, the festival of colours, is not just a time for fun and merry-making but also offers valuable financial lessons that can be applied in our everyday lives. As we celebrate Holi, let’s take a closer look at some of the financial lessons we can learn from this vibrant festival. Budgeting and planning ahead Just … Read more
The Reserve Bank of India (RBI) is expected to cut the interest rates later this year, thus kicking off the rate cut cycle in the market. However, RBI in its Feb 2024 monetary policy meeting (MPC) kept the interest rates unchanged for the sixth time in a row. But this is expected to change as the banking … Read more
If you want to save income tax for the investments made in this financial year (2023-24), do not forget to invest before March 31 this year. With only a few days remaining in this financial year, taxpayers are urged to invest as soon as they can. Meanwhile, RBI has told all agency banks dealing with … Read more