Flexi-cap funds offer a dynamic investment strategy by allocating money across large-, mid- and small-cap stocks based on prevailing market conditions. Investing in these funds through systematic investment plans (SIPs) will help balance risk and reward, making them well-suited for volatile markets. With mid- and small-cap valuations expensive, flexi-cap funds offer a balanced approach to
Systematic Investment Plan (SIP) is an investment tool through which you can invest a fixed amount in a scheme of mutual funds at regular intervals – monthly or quarterly, instead of paying a lump sum amount. The installment can be as low as Rs 500 per month, which is very similar to a recurring deposit.
Mutual fund schemes have become a straightforward and effective means of accumulating wealth over the long term. Among the various types of mutual fund schemes, including equity funds, debt funds and hybrid options, equity mutual funds are particularly well-suited for long-term financial objectives. As indicated by their name, equity funds primarily invest in equity assets
The Department of Pension and Pensioners’ Welfare (DoPPW) has issued important guidelines to ensure that government employees nearing retirement receive their pensions and gratuities without delay. According to the new instructions dated October 25, 2024, timely processing is essential, starting from the preparation of retirement lists to the issuance of the Pension Payment Order (PPO).
The Department of Pension and Pensioners’ Welfare (DoPPW) has announced a major update on the payment of arrears to central government pensioners. The department in a memorandum said that the payment of arrears for the Dearness Relief (DR) will not occur before the pension disbursement scheduled for October 2024. The Centre earlier this month announced
The Department of Pension and Pensioners’ Welfare (DoPPW) has issued a memorandum clarifying the payment of the General Provident Fund (GPF) to retiring government employees. This follows inquiries about whether interest is payable on delayed GPF payments after retirement. “Recently few references regarding interest on delayed payment of GPF to the retired Government have been
Motilal Oswal Mutual Fund (MOMF) has launched four index funds — ‘Motilal Oswal Nifty MidSmall Healthcare Index Fund’, ‘Motilal Oswal Nifty MidSmall IT and Telecom Index Fund’, ‘Motilal Oswal Nifty MidSmall India Consumption Index Fund’, and ‘Motilal Oswal Nifty MidSmall Financial Services Index Fund’. The four NFOs by Motilal Oswal Mutual Fund opened for subscription
Happy Diwali 2024: Diwali is a time for celebration, family gatherings, and, who can forget, the usual overspending. While it’s tempting to indulge in festive shopping and lavish celebrations, it’s essential to manage your budget to avoid post-festival financial stress. Here are some effective tips to help you control your spending during Diwali while still
The central government has recently informed Parliament about unemployment benefits being provided under various central schemes to unemployed youth in the country. In the Parliament’s winter session, which concluded last week, parliamentarian GC Chandrashekhar asked the government about plans to introduce a scheme offering unemployment allowances to unemployed youth in the country to help them
ACME Renewtech Private Limited, a subsidiary of Acme Solar Holdings Limited, on Thursday announced that it has successfully secured Rs 1,988 crore in term loan financing from Power Finance Corporation (PFC) to fund the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project. The project, it added, will be located in high-resource
Tax planning helps you analyse your financial position and find ways to lower net taxable income and overall tax outgo using various provisions available under the Income Tax Act, 1961. It become even more important to review tax planning periodically as the government frequently brings changes to income tax rules either during the Union Budget
Indian stock markets ended on a mixed note on December 26 after a volatile trading session. The Sensex ended almost unchanged, dipping just 0.39 points to settle at 78,472.48, while the Nifty managed a slight gain of 22.55 points or 0.10 per cent, closing at 23,750.20. The Nifty Bank index also ended the day in
Carraro India IPO completed its bidding phase on December 24. The issue opened for subscription on December 20, with the price band of the issue kept between Rs 668 to Rs 704. After its three-day bidding window, the allotment of the shares is likely to be finalsed today (December 26). After this process, the shares
