If your objective is to amass Rs 1 crore through mutual fund investments, a straightforward guideline can assist you in achieving this goal over the long term. The 15-15-15 mutual fund investing principle provides insight into the necessary monthly savings, the duration of investment, and the expected growth rate to reach the target amount of
The Department of Pension and Pensioners’ Welfare (DoP&PW) has outlined how compulsory retirement, dismissal, or removal from government service affects the National Pension System (NPS) corpus for central government employees, a recent office memorandum dated October 11 revealed. The memorandum states that the Central Civil Services (Implementation of NPS) Rules, 2021 govern the matters related
In a recent development, the ECHS (Ex-Servicemen Contributory Health Scheme) has empaneled 40 private hospitals, nursing homes, and diagnostic centres. This decision was made during the 69th Screening Committee Meeting held on May 24, 2024. The Managing Director of ECHS received a formal order outlining the empanelment. This process follows guidelines from the Government of
Motilal Oswal Mutual Fund (MOMF) is managed by Motilal Oswal Asset Management Company (MOAMC), which is promoted by Motilal Oswal Financial Services Limited (MOFSL), a public company listed on both BSE and NSE. MOMF offers a variety of mutual fund schemes designed to help investors grow their wealth through professionally managed portfolios. The fund house
For senior citizens looking for opening a fixed deposit account in the near future, the present moment may represent an advantageous opportunity to proceed as the RBI may go for a rate cut any time soon following the rate reduction by the US Fed. And once this happens, banks will also follow suit. Fixed deposits
Self-employed individuals can opt for tailored term plans that do not require income verification documents such as salary proof or Form 16. These policies now accept alternative income verification methods such as GST filings, credit histories and loan records. Such flexibility allows self-employed people to buy term insurance without the rigid documentation previously required. Also
Momentum funds are increasingly attracting individuals as these funds invest in assets that are already showing strong performance. The appeal of these funds lies in their ability to generate high returns when the market is on an upswing. Momentum investing aims to capitalise on the continuation of existing market trends. The top performing funds such
By Paras Pasricha Saving on motor insurance premium need not necessarily translate to compromising on coverage. You can adopt a few smart ways to lower your motor insurance premium while still ensuring comprehensive coverage for your new car. Avoid opting for bundled deals While it’s both tempting and convenient to walk out of the showroom
Shriram Finance, the flagship company of diversified conglomerate Shriram Group, is set to cross Rs 3 lakh crore in assets during the next financial year starting April 1 with loan growth of 15%.”We expect 15% credit growth for FY26 if the GDP grows at 6.5%. Usually, loan growth is more than 2 times of the
The share markets remain closed today on account of Eid-ul-Fitr. There will be no trading in other segments, including the equity derivatives as well as the securities lending and borrowing (SLB) today. It’s an extended weekend for market participants as the exchanges are shuttering Eid-ul-Fitr, a key Islamic festival. The commodity and rupee trade will
Hindustan Aeronautics was in trouble after the Indian Air Force’s (IAF) chief called out HAl for delay in deliveries of orders. To that, HAL in its response said, GE Aerospace didn’t supply engines for the light combat aircraft Tejas. ICICI Securities on HAL: Upgrades to Buy from Hold However, two days back GE Aerospace delivered
The Asian markets slumped in Monday’s trade after US President Donald Trump’s new reciprocal tariffs are expected later in the week. The major benchmark indices in Asia-Pacific were trading in the red. Japan’s benchmark Nikkei 225 was down 1,412 points, or 3.80%, to 35,708 after plunging over 4%, while the broader Topix index lost 2.33%.
Private equity firm Temasek will acquire nearly 10% stake in Haldiram Snacks (Haldirams) for about Rs 8,600 crore ($1 billion), sources told FE. This transaction marks the largest private equity deal in India’s consumer sector, valuing Haldirams at ₹86,000 crore ($10 billion). “We look forward to working with Temasek to harness the value they bring from
