Systematic Investment Plans (SIPs) in mutual funds are growing in popularity, with record-breaking participation from retail investors. According to the latest data, the number of SIP accounts surged to an all-time high of 10.22 crore in November 2024, up from 10.12 crore in October. The SIP AUM (Assets Under Management) also reached an impressive Rs
By Gautami Gavankar “We don’t have to be smarter than the rest. We have to be more disciplined than the rest.” Warren Buffett’s fundamental rule for investing in known or emerging avenues resonates strongly with the next generation (next-gen) of Ultra High Net Worth Individuals (UHNIs) in India. These young titans of wealth are not
7th Pay Commission News: The government has enhanced the maximum gratuity limit from Rs 20 lakh to Rs 25 lakh for employees of BSNL and MTNL who opted for a pension under the combined service framework. The change, effective from January 1, 2024, aligns with the rise in Dearness Allowance (DA) to 50%. After the
Mohit Jain, a 35-year-old IT professional working in Mumbai, receives a call from someone claiming to be a police officer. The caller tells him that his bank account has been linked to a drug smuggling operation. He says a warrant is being issued to arrest Jain. Panicked, he listens to the instructions given by the
Digital Arrest Scam: The National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, has issued a crucial advisory warning citizens about the rising menace of ‘Digital Arrest’ scams. In these sophisticated frauds, scammers impersonate law enforcement officials to intimidate victims into sharing sensitive information or transferring
OPS Vs UPS: The Centre recently announced the Unified Pension Scheme (UPS), which is expected to cover around 23 lakh central government employees, for those who are presently covered under the National Pension System (NPS). The new pension scheme is expected to be rolled out from April 1, 2025. Despite the UPS announcement, some employee
7th Pay Commission News: The next dearness allowance (DA) revision for central government employees is due in January 2025. However, the announcement in this regard may take some time as the government will wait for the All-India Consumer Price Index (AICPIN) numbers till December month to reach a final calculation for DA revision. When will
The Unique Identification Authority of India (UIDAI), the body responsible for issuing Aadhaar, has extended the free online document upload facility until June 14, 2025, providing relief to millions of Aadhaar holders. The deadline for this free service was initially set for June 14, 2024, then extended to September 14, 2024, and once again to
The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) is one of the flagship schemes launched by the Modi government to provide free medical care to citizens, especially from the economically weaker section in the society. However, concerns have been raised from time to time about its implementation, as several incidents have surfaced from different
NPS Calculator: The National Pension System (NPS) is one of the popular investment schemes that offer financial security and stability during old age as that is the time when retirees often lack a regular source of income. With life expectancy in India continuously increasing, it becomes more important for individuals to save for their golden
Pay Commission pensions revisions: The Centre recently gave details about subsequent pension revisions and other reforms undertaken for senior citizen pensioners falling in the age bracket of 80 to 100 years. In the Rajya Sabha, Parliamentarians Sadanand Mhalu Shet Tanavade, Baburam Nishad, and Subhash Barala sought details on the increase in grievance redressal by Pension
Stock market participants are expected to track global trends and the trading activity of foreign investors in a holiday-shortened week ahead, with no significant domestic triggers in sight, analysts said. The equity markets will remain closed on Wednesday for Christmas. Looking ahead, analysts pointed out that while no major domestic events are scheduled, several global
In 2024, fundraising through Initial Public Offerings (IPOs) in India hit a record high of Rs 1.6 lakh crore. This milestone was fueled by robust economic growth, favorable market conditions, and enhancements in the regulatory framework. The year saw diverse companies, ranging from large to small market capitalizations, tapping into the IPO route, with the
