Bajaj Finserv AMC has launched the Bajaj Finserv Gilt Fund, an open-ended debt scheme investing in government securities across maturity with relatively high-interest rate risk and relatively low credit risk. The fund opened for subscription on December 30, 2024, and the New Fund Offer period ends on January 13, 2025. Bajaj Finserv Gilt Fund is
As the calendar year 2024 winds down, it’s essential for taxpayers to evaluate their financial status and take steps to minimize tax liabilities. While India’s current fiscal year ends on March 31, 2025, this period provides an excellent opportunity to familiarize oneself with available tax benefits under the Income Tax Act, 1961 (IT Act). A
Income Tax Return Filing: The normal income tax return filing deadline for AY 2024-25 ended on July 31, 2024. The deadline to file a belated ITR with a penalty amount of Rs 5,000 will end on December 31, 2024. Even after the July 31 deadline, the Income Tax Department gave different categories of taxpayers specific
Rent is often one of the biggest expenses for individuals living in rented accommodations. While salaried employees with a House Rent Allowance (HRA) component in their salary can claim tax benefits under Section 10(13A) of the Income Tax Act, others without HRA aren’t left out entirely. The Income Tax Act provides an alternative way to
In the backdrop of gold surging over 30% in the last one year, the Centre was recently asked about measures, if any, taken to regulate prices of the precious metal. Over the past one year, the price of 24-karat gold rose from Rs 58,500 to Rs 78,770 per 10 grams. The issue of rising gold
By Vineet Sachdeva, In today’s volatile market environment, where economic uncertainties and rapid shifts in investor sentiment have become the norm, protecting portfolio downside is more critical than ever. Here are four market strategies that investors should use to reduce drawdowns. Dynamic asset allocation In a dynamic allocation approach, the portfolio’s exposure is adjusted based
If investors have excessive allocation towards small- and mid-cap funds, it may be a good time for some reallocation towards large-cap funds. Rajeev Thakkar, chief investment officer, PPFAS Mutual Fund, in an interview to Saikat Neogi, advises investors to stick with diversified equity funds rather than trying to pick one or two sectors or themes
Luxury living was the talk of the town in 2024. The launch of premium and ultra-luxury projects marked a pivotal moment for India’s luxury housing market, driven by a shift in dynamics favoring affluent buyers and premium living spaces. As India’s economy continues to expand, luxury real estate has become a sought-after asset for those
Insurance is an essential aspect of financial planning, acting as a safety net that helps you handle unexpected situations without depleting your savings. It’s a contract where an insurer compensates you for covered losses, protecting your finances when life throws the unexpected. Different types of insurance cater to varied needs, from life insurance to health
The Indian equity market peaked in late September 2024 with numerous stocks across the large-cap, mid-cap, and small-cap segments touching their lifetime highs. However, since then the mood in the market has been sombre as headwinds such as rich valuations, earnings slowdown, global trade uncertainties, etc. weighed on investor sentiments. The BSE Sensex has tumbled
Gold has been on quite a ride lately, jumping from Rs 25,000 to Rs 84,650 in just over a decade. Gold hit the Rs 25,000 mark for the first time in August 2011, and the Rs 50,000 mark for ten grams of gold was surpassed in July 2020. It took 108 months for the gold
For centuries, humans across the globe turned to gold as a trusted form of money, primarily because of its unique properties—scarcity, durability, and costly to forge. Gold was mined, refined, and minted into coins by private parties and rulers alike. Kings, in particular, would imprint their images on coins as a symbol of their reign
Foreign portfolio investors’ (FPIs) holdings of government bonds under the fully accessible route have declined, but they remained net buyers in February as the yield gap between US and domestic bonds narrowed. When the interest rate differential between US and domestic yields narrows, FPIs usually exit emerging markets in favour of safe-haven assets. This trend
