'There is not any negative connotation associated with it.'
Understand the pros and cons of SGBs before rushing to invest in them based on past returns.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
The ministry of finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1. Brent crude prices moved up on Thursday, ending at $78.9 per barrel. Crude oil and cooking gas prices, which move in tandem, impact fertiliser and cooking gas subsidies, constituting 53 per cent of the government's total subsidies.
Even investors with sums as low as Rs 1,000 per month can start their investment journey.
States have been advised to appoint financial advisors or set up an empowered committee with financial experts to oversee major spending decisions.
Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.
Many financial planners, however, believe they're doing well if their clients' portfolios simply match market averages.
A buoyant equity market, coupled with an improved performance of mutual funds (MFs) on the returns chart, has heightened retail investors' appetite for equities. In the past few months, equity MF schemes have seen a surge in fresh investments through both lump sum (one-time investments) and systematic investment plan (SIP) routes. During the August-September 2023 period, equity MF schemes recorded net lump sum investments of Rs 35,270 crore, compared to just Rs 5,550 crore in the previous three months, according to data from the Association of Mutual Funds in India (Amfi).
Investment guru Carl Delfeld on why he is optimistic about India.
Kumar is an IAS officer of 1989 batch of Haryana cadre.
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
Paytm plans to launch mutual funds, insurance and banking services and s also providing the option to transact offline with a physical debit card
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
Following alterations in the tax structure, mutual fund (MF) schemes that invest in overseas securities have experienced a sharp decline in inflows. In the first five months of 2023-24 (FY24), international MF schemes have received an average monthly gross inflow of only Rs 270 crore, compared to Rs 490 crore during the same period in the previous year. This decline persists despite nearly all fund houses opening subscriptions for such schemes, with higher redemptions creating headroom for fresh investments.
What you need to do in 2014. Starting today! Career coaches, financials gurus, fitness experts, health advisors weigh in.
Act on your good intentions now. You have nothing to lose and everything to gain.
'Most young taxpayers prefer income tax filing to be flexible yet straightforward.'
A new couple's financial situation changes from their bachelor days.
'The stockbroker should have a good balance sheet to support its scale of operations. It should also have proper risk management in terms of margins so that it doesn't go bankrupt during extreme market movements.' 'The broker must have a track record of navigating several market cycles in an ethical and transparent manner.'
'Sheikh Abdullah ruled the state with secular values. Post 1953, when he was sacked, corruption took over governance.'
Banking technology start-up Zeta is the latest entrant to the unicorn club after raising $250 million in its Series C round from SoftBank Vision Fund 2. Sodexo participated as an additional minority investor in the round. Founded by serial entrepreneur and billionaire Bhavin Thurakia, the startup is now valued at $1.4 billion. It is the 14th company this year to cross the $1 billion valuation mark after Meesho, Cred, Pharmeasy, ShareChat, Moglix and others.
A robo advisor may seem like the perfect solution for those with only a small investment capital who are just starting their investment journey, says Mrin Agarwal, founder, Finsafe India.
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
If you are overweight on fixed-income instruments, go for ELSS, and vice versa.
The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for reclassifying India's exchange rate regime. The IMF, following the Article IV consultation with the Indian authorities, reclassified the status of the exchange rate regime to "stabilised arrangement" from "floating" for period between December 2022 to October 2023. India's Executive Director at IMF K V Subramanian and Senior Advisors Sanjay Kumar Hansda and Anand Singh questioned the selection period adopted by the Fund for analysis and also reclassification of the country's exchange rate regime.
The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.
These plans are best suited for individuals with a lower risk appetite as they provide guaranteed benefits.
A child turning major is a big event in her/his financial life.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
DRDO's failures over the decades have contributed significantly to India becoming the world's biggest weapons importer, points out Lieutenant General Prakash Katoch (retd).
In yet another major setback to YSR Congress President Jaganmohan Reddy, the Andhra Pradesh high court on Saturday remanded him to a Central Bureau of Investigation's custody for five days while dismissing his petition for declaring his arrest as illegal.
Kadapa Member of Parliament Y S Jaganmohan Reddy today appeared before the Central Bureau of Investigation in Hyderabad amid heavy security for the third consecutive day today for his questioning in the alleged disproportionate assets case registered against him.
Finance Minister Pranab Mukherjee is set to hold his first Budget related meeting with 28 financial advisors of various ministries and departments.
When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
rediffGURU Ulhas Joshi recommends five factors you need to look at to evaluate the performance of two schemes.
Policy owners need to avoid errors on their part to prevent claims from being denied.
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