However, much to their dismay, investors were allotted mutual fund units on the next day, 5 June’s prices, when markets had recovered around 3-4 percent. As per norms, mutual fund units are usually allotted to investors at the NAV of the day on which the funds are received, before the applicable cut-off time. Reportedly, the … Read more
Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend to steer towards investments. This relative of mine told me that he is investing ₹1.5 lakh yearly in the Sukanya Samriddhi Yojana account for his daughter’s future. I asked him … Read more
When it comes to long-term financial planning in India, two standout options are Systematic Investment Plan (SIP) and the Public Provident Fund (PPF). Both cater to different financial goals and risk appetites. Let’s delve deeper into their unique features, benefits, and considerations to help you make an informed decision. Systematic Investment Plans SIPs allow investors … Read more
Investing, a crucial aspect of financial planning, requires a strategic approach that aligns with individual goals and time frames. Whether it’s equities, debt funds, or other asset classes, having a clear investment horizon is imperative for optimising returns and managing risk effectively. Investing with a time frame: Importance across asset classes When it comes to … Read more
A recent survey conducted by Axis Mutual Fund nationwide showed an increasing number of women assuming control of their financial futures. This shift is significant because historically, investment decisions were predominantly male-dominated. The survey’s findings indicate a rising trend towards greater financial independence among women. The survey also highlights that women prefer mutual funds, which … Read more
Kalki 2898 AD released in theatres in India on June 27, 2024 to a rousing reception. The movie has a stellar cast that includes Prabhas, Deepika Padukone, Amitabh Bachchan and Saswata Chatterjee. The film’s box office collection was a whopping ₹95.3 crore on day 1 but dropped significantly on day 2. Utopian Shambala protected by … Read more
You often hear that it is essential to diversify mutual fund investments across asset classes and categories. However, it’s equally crucial to vary investment styles within a category. You can pick a fund following growth investing style and a value style that tend to do well during different cycles of the economy. Growth style typically … Read more
What’s the best way to pay for your SIPs – UPI Autopay or eNACH? Your choice matters as the two methods have different functionality and register your SIPs in different ways. A UPI AutoPay mandate can be initiated on any UPI AutoPay-enabled platform by entering the PIN of your UPI account. An eNACH mandate on … Read more
MUMBAI : With the Union Budget expected in the second half of July, mutual fund executives are hoping for measures in four key areas that can boost their sector and invigorate the economy. Debt taxation From 1 April 2023, debt mutual funds have not got the benefit of indexation on long-term capital gains. Such gains … Read more
Schedule AL was introduced in 2016 after the discontinuation of the wealth tax. Prakash Hegde, chartered accountant at Acer Tax & Corporate Services LLP, explains, “The government wanted a monitoring system to check if the value of a taxpayer’s assets corresponds to the income earned by them. Thus, Schedule AL was introduced.” To help taxpayers … Read more