Assets under management with the mutual fund industry jumped a whopping 41 per cent in fiscal 2021 to Rs 31.43 lakh crore, despite a minor 1 per cent decline in March, says a report. The 1 per cent decline in assets on monthly basis in March was because of net outflows from open-ended debt funds, even though open-ended equity funds for the first time in June 2020 recorded net inflows, according to the industry data collated by Crisil on Friday. Marc saw net outflows of Rs 29,745 crore, taking down the industry's asset base to Rs 31.43 lakh crore, down from the record high of Rs 31.64 lakh crore in February, registering a whopping 41 per cent growth in the fiscal 2021 over the previous fiscal, said Crisil, adding cumulative inflows equalled Rs 2.09 lakh crore.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
There can be as many as six co-applicants in a joint loan.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.
Currently, domestic supplies and commercial imports of vaccines attract a 5 per cent Goods and Services Tax, while COVID drugs and oxygen concentrators attract a 12 per cent levy.
Raymond Moore has stepped down as CEO and tournament director of the BNP Paribas Open following controversial comments he made about women's tennis, the tournament announced on Monday.
'The Congress has indeed become overly dependent on the RJD.' 'A few Congress leaders have successfully convinced the national leadership about the benefits of maintaining ties with the RJD.'
To snatch a state government out of Congress hands is therefore a high-stakes game with national political implications, for it denies the party the essential fuel to run effective election campaigns, notes T N Ninan.
'The Bihar verdict has shown that the people of Bihar don't desire to go back to the mandir-masjid rhetoric.' 'Jobs, wages and development are the aspiration of the people of Bihar and we hope the next government will keep that in mind.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Absolute non-violence is not only sinful, but immoral.' 'This doctrine of non-violence benumbed the revolutionary fervor, softened the limbs and hearts of the Hindus, and stiffened the bones of enemies.' A revealing excerpt from Vikram Sampath's Savarkar (Part 2): A Contested Legacy, 1924-1966.
Barun Sobti and Sachin Khedekar make this thriller worth watching.
Before you seal the deal, take a look at the fine print.
A look at the top tweets from your favourite Bollywood celebrities.
Roger Federer called for a merger between the two governing bodies last month, with both Simon and ATP Tour Chairman Andrea Gaudenzi welcoming the suggestion. But some top WTA players have said they want an equal standing for the women players in a combined body.
'Always have two (not more) things you want badly in life -- really badly -- and it will bring such focus, such hard work and such sacrifice that you never knew existed inside you.' 'This is the secret sauce to success today and most days.' A must-read excerpt from Ronnie Screwvala's Skill It, Kill It: Up Your Game.
'So far we have paid our salaries and pension in full because we had some reserve fund.' 'But we cannot afford to do so for more than another three months.'
Bidding for the sixth round of spectrum auction for radiowaves worth Rs 3.92 lakh crore will start from March 1, according to a notice issued by the Department of Telecom on Wednesday. The long-awaited spectrum auction is being held after a gap of four years and over two years after the Telecom Regulatory Authority of India (Trai) calculated and recommended base price for the radiowaves. The DoT has fixed January 12 for the pre-bid conference and January 28 as the last date for seeking clarification to the notice.
Australian all-rounder Glenn Maxwell on Friday smashed a scintillating 83 off 39 balls for Melbourne Stars in the Big Bash League T20 tournament, a day after being picked by Kings XI Punjab for a whopping Rs 10.75 crore at the IPL auction. Returning to action after taking a break to focus on his mental health, Maxwell once again showed just why he is considered one of the most devastating batsmen in T20 cricket as he smashed seven boundaries and five sixes during his stay at the crease.
Hours before the crucial United States mid-term polls, Congressman Ami Bera's re-election campaign got a shot in the arm with First Lady Michelle Obama appealing to voters in California seat, where the Indian-American is locked in a tight contest, to vote for him.
Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.
'From the tiniest to mid-level organisations and even some at the lower end of the large-scale ones would say that computerisation and the extensive documentation and regulatory requirements for GST have made the compliance process worse in many cases.'
Four enterprising women tell us how they tackled bias and criticism to create a niche for themselves and are now leading their businesses.
Define ownership proportionately at the time of registration to ensure that you don't face problems on taxation front.
'What we see today is bargaining.' 'The man's family sets a price for him and then they start bargaining.' 'He is sold to the family that offers the highest price.' 'In this market, a woman is just a commodity to be sold because if she remained at home, it is a humiliation for the family.'
Abby Wambach, the most prolific goals-corer of all time in international football, bowed out of the game in defeat on Wednesday when the United States women's team lost 1-0 to China, ending an unbeaten run of 104 matches on home soil.
You can imagine the standard of Pagalpanti's humour when characters are named Wifi, Bully and Tully, a hospital placard reads Dr Trump and bitter gourd is mistaken for poison to evoke laughs, warns Sukanya Verma.
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
Bug bounty hunters or independent ethical hackers are certified cybersecurity professionals or security researchers who crawl the web, scanning the systems for gaps through which hackers can sneak in and alert the companies, says Shivani Shinde.
The Sena's refusal to support its pre-poll ally, the BJP, in forming a government precipitated into a political crisis, which culminated in the imposition of President's Rule on November 12.
Tudu's free tuition classes are sought after. She has 45 students who come to her every day to study. Geetanjali Krishna meets the young teacher in one of India's poorest villages, winner of the Plan India Youth Champion Award.
Hitting hard on the three and half years of the Trump administration during her first appearance after being picked as the vice presidential nominee of the Democratic party on Tuesday, Harris, 55, presented a long list of missteps taken by the current United States government.
Five people in the know narrate the sordid story that is fast exploding into a pornography scandal, allegedly involving businessman Raj Kundra.
Chhichhore offers too good a time to pay attention to its faults, feels Sukanya Verma.
The Election Commission has done its homework pretty well on political hashtags, observes ad guru Sandeep Goyal.
'It is not the duty of government to protect minority religions or promote it.'
CII said working capital limit enhancement should be accompanied by relaxing norms related to collaterals.
Djokovic saved a fifth match point but Thiem finally got the job done when he forced his opponent to float a defensive forehand over the baseline.
'There is no integrity left and the world is full of losers and no brains baying for blood of anyone who has a voice.'
'It used to be quite normal to have quite a few drinks and drive home, and it also used to be normal to drive without seatbelts. Today both of those would be considered antisocial, and not wearing face coverings in public should be regarded in the same way'
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