Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA), citing implementation challenges. Sources said FPIs, through their custodians, were planning to approach the ministry, highlighting key concerns and seeking more clarification. The ministry, through a notification on March 7, lowered the threshold for reporting ultimate beneficial ownership (UBO) for non-profit organisations and politically exposed persons to 10 per cent from 25 per cent.
Investors should keep updating their personal and bank details with fund houses. They should also opt for the auto-pay facility so that the dividend proceeds get credited into their account directly, advises Bindisha Sarang.
Compared to equity funds, debt funds are lower risk profile and are usually suitable for investors for very short term.
In her inaugural address at the party's 'Chintan Shivir' in Udaipur, she urged delegates to deliberate with an open mind and send out a clear message of strong organisation and unity.
Alleging a "pattern" of triggering communal riots and winning elections, Raut said this will break the country into pieces.
Senior party leaders stressed that no one except the Gandhi family can hold the party together, the party will disintegrate and Priyanka Gandhi Vadra should be given command after 2024.
The party, the sources said, has also approved 50 per cent representation to SCs, STs, OBCs and minorities at all levels of the organisation, as part of its social engineering efforts to win the confidence of the weaker and oppressed sections of society.
Senior Congress leaders Venugopal, Ajay Maken and Ashok Gehlot had on Wednesday took stock of the preparations for the Chintan Shivir.
Long-term investors should not reduce or stop their equity mutual funds through SIPs.
Here's what you should look at before investing in mutual funds.
The gains from investing in direct plans can be higher than the difference in expense ratios.
TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
Gandhi said around 400 Congress members will be attending the Chintan Shivir in Udaipur from May 13 to 15 and stressed on the message of every leader holding one party post.
Investors in exchange-traded funds can trade on bourses.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
For the Congress' revival, the eclipse of the Gandhis is absolutely necessary, asserts Virendra Kapoor.
Noting that a very important policy for advancement of SCs and STs was Schedules Caste Sub-Plan and Tribal Sub-Plan, Raju said the group has recommended a central and states' legislation on them.
Sending out a clear message to Congress ranks, Sonia said the party will have to change its style of functioning with changing times and urged them to keep the organisation above their personal ambitions.
Congress' chief spokesperson Randeep Surjewala said the 'Nav Sankalp Chintan Shivir' is also aimed at deliberating on challenges facing the country such as "freefall of the economy", increasing inequality of wealth, price rise of essential commodities, "deep-rooted conspiracy" to hand over farming sector to a select group of private corporates, "attack on India's territorial integrity by China, "attack" on rights of Dalits, SCs/STs, minorities and attempts to divide by using Hindu-Muslim rhetoric.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The launch of the crewed space mission, Gaganyaan, is being planned before the next Independence Day and this will be proceeded by two uncrewed missions, Lok Sabha was informed on Wednesday.
'It's important that every portfolio is well diversified.' 'My own portfolio is diversified across asset classes: 50% is in equity funds, 15% in international schemes, 25% in debt funds and 10% in sovereign gold bonds.'
Here's what your favourite Bollywood celebrities are tweeting.
Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Cheque payments will be safer; the limit for contactless card transactions hiked.
"I am really grateful to the entire ISRO family for having worked this hard and making IRNSS-1I a success," said the space centre's chief K Sivan.
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
Sebi has allowed mutual fund schemes the option of 'side-pocketing' which move will help both fund houses and investors.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Taking a cue from Zomato's stellar initial public offering (IPO), through which it garnered a valuation of Rs 1 trillion, the government has asked its advisors and valuers to ascertain if the Life Insurance Corporation of India (LIC) should be valued at Rs 10 trillion or more. The government is looking to offload about 10 per cent stake in LIC through the IPO. At that valuation, the government stands to net at least Rs 1 trillion from LIC's proposed IPO, which will boost the Centre's efforts to meet its disinvestment target of Rs 1.75 trillion for the current financial year.
Despite the current bout of volatility, debt-oriented hybrid funds remain well suited for risk-averse investors.
The mood in the tribal heartland in the east and in central India spread over Odisha, Jharkhand, Chattisgarh and parts of West Bengal and Assam, is upbeat.
Amid the ongoing controversy surrounding net asset value-guaranteed products, the Insurance Regulatory and Development Authority is standardising the method of calculating NAV under the unit-linked plans of life insurance companies.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The Congress is likely to enforce the 'One family, one ticket' formula granting exemption to only another family member who has been doing 'exemplary work' for the party for a period of at least five years, as the grand old party promised big ticket changes while acknowledging that it had not kept pace with changing times.
The Sensex comprises 30 large-cap stocks. So a rise in this index does not imply that all listed stocks have risen. The portfolio of the mutual fund may be totally different from the Sensex basket. It will declare its NAV purely on the basis of the performance of its own stock portfolio on that day.
