Switch combines a redemption transaction and a purchase transaction into one
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
He served as the Union health minister in Modi's first term from November 9, 2014 to May 30, 2019.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Sebi has allowed them to re-invest half of their investments in debt holdings to the next calendar year, starting from January 2014.
Senior Congress leader Oscar Fernandes, who is already cabinet minister, will be without any porfolio.
Only investors with a higher risk appetite should enter these funds.
Retail investors now own a larger share of smallcap companies than they did a year ago, thanks to their conviction in mutual fund (MF) schemes focused on this segment. Data from Capitaline shows that MFs' average holding in the National Stock Exchange Nifty Smallcap 250 Index stood at 9 per cent at the end of the October-December quarter of 2023-24 (FY24), up from 7.76 per cent in the same quarter of 2022-23.
BJP leaders and allies, who met Parrikar separately, ruled out any change in leadership in the state.
The list has been sent to Governor Ram Naik for approval.
The mutual fund (MF) industry had an action-packed 2023 as it tackled the scrapping of tax benefits for debt fund investors and surging flows into equity funds.
In the rapidly changing economic scenario it is important you take a look at your insurance every three years.
rediffGURU Ulhas Joshi answers your personal finance and mutual fund queries.
Foreign portfolio investors (FPIs) who invest from Mauritius into Indian companies that dole out bonus debentures will get impacted by the tax avoidance provisions on bonus stripping. The FY23 Budget has extended these provisions - applicable only to MFs, so far - to shares and units of REITs, InvITs and AIFs. The move will especially affect large institutional investors who sell original units within nine months after the record date because the loss arising from sale of original units would have to be ignored for the purposes of computing taxable income and cannot be set off against any other capital gain.
'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'
Multiple challenges, particularly with regard to cabinet formation, stare at Siddaramaiah as he takes over as the new chief minister of Karnataka, nudging out party colleague and state Congress president D K Shivakumar -- who will now be his deputy.
rebalancing is what you do when a particular investment's allocation has become large and you offload some of it. The biggest benefit of this technique is that it offers an automated method of booking timely profits.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Do not, however, enter expecting quick returns.
'Your decisions should not be driven by your view on the market, but by your objectives, risk appetite, and time horizon.'
Thopte's supporters attacked 'Congress Bhavan' in Pune and vandalised the property in protest against his non-inclusion in the Maharashtra ministry.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
West Bengal Chief Minister Mamata Banerjee on Friday allocated portfolios to her newly sworn-in council of ministers, keeping to herself nine departments, including Home, Land and Land Reforms.
'The long-term impact of elections is minimal.'
Major portfolios like home, finance and education were on Tuesday allocated to People's Democratic Party ministers by Jammu and Kashmir Chief Minister Mufti Mohammed Sayeed who will himself hold the charge of home ministry.
'Given the worries about sluggish growth, rising interest rates and likely volatility, it's quite logical to infer that the SIP route could be the preferred way of investing.'
Former Union Minister and senior BJP leader Bandaru Dattatreya on Sunday said Prime Minister Manmohan Singh should take 'moral responsibility' for wrongful loss to exchequer due to the coal scam.
Basant Soren, JMM supremo Shibu Soren's youngest son, and seven others on Friday took oath as ministers in Jharkhand's Champai Soren-led government.
Stating that the Nationalist Congress Party won't join the Congress-led government in Maharashtra till the issue of portfolio sharing was resolved, deputy chief minister Chhagan Bhujbal on Tuesday said his party is ready to extend outside support to the new government till then.
'IPOs have performed exceptionally well, with a notable increase in average ticket size from Rs 800 crore in the last financial year to around Rs 1,300 crore in this financial year.'
Despite the rally in equities over the last few years, India, according to Christopher Wood, global head of equity strategy at Jefferies, is still in early stages of an equity cult. Any changes to the capital gains tax for equities - both long-term and short-term - in Budget 2024 scheduled to be announced on July 23, he believes, can trigger a bigger correction that what the markets witnessed post the Lok Sabha election outcome on June 4 that saw the Bharatiya Janata Party (BJP) lose majority, though it was able to form the government with the help of coalition partners.
Uttar Pradesh Chief Minister Akhilesh Yadav on Sunday kept the bulk of ministries, including the key Home and Finance, with him.
Decisions should not be based on feelings, such as optimism or pessimism about the stock market or specific investment products, suggests Avinash Luthria.
Human Resource Development Minister Kapil Sibal will hold additional charge of the telecom ministry, official sources said on Monday.Dravida Munnettra Kazhagam leader A Raja was forced to put in his papers as the telecom minister on Sunday night due to his alleged involvement in the massive 2G spectrum scam.Prime Minister Manmohan Singh appointed Sibal as the telecom minister, in spite of DMK chief Karunanidhi claiming that the key ministry will remain with the party.
'Investing abroad helps mitigate currency risk for foreign-currency denominated goals, such as children's higher education and international travel.'
Rebalance your portfolio in case it has become overweight on equities vis-a-vis your strategic asset allocation.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
