Prior to investing in a mutual fund scheme, it is worthwhile to examine the paste returns of that scheme in relation to other schemes in the same category. Although past returns do not a scheme’s future returns, these are still important for understanding the future investment potential of a scheme. Other factors which investors are…
A number of key decisions were taken in the 236th meeting of Central Board of Trustees (CBT), EPFO on Saturday. These changes relate to paying a higher interest to subscribers, Investment in InvITs and REIT, and redemption Policy for ETF investments. The meeting was headed by Mansukh Mandaviya, Union Minister for Labour & Employment and…
A new month has begun and the year 2024 is about to culminate in a span of 31 days. With this, some changes have come into effect, or set to be effective, which will directly impact your pocket in terms of the money you can save or invest for your future. Starting today (or may…
Markets regulator Securities and Exchange Board of India (Sebi) has recently identified several concerns plaguing the SME space such as misuse of IPO proceeds, fund diversion, promoter exits and market misconduct. These issues pose threats to investor protection and market integrity. A Sebi analysis reveals that many SMEs have engaged in substantial related party transactions…
Are you short of funds and exploring different ways of raising money? There are multiple ways to do so such as personal loan, instant loan, credit card loan and loan against an asset such as gold or securities. Each of these sources have their own set of advantages and disadvantages. For instance, when you withdraw…
If you use a credit card, you should remember that spending more than the ideal credit limit is not recommended. It not only throws your financial plan into disarray but can also adversely impact your credit score. The ideal credit utilisation ratio is 30 percent. If your credit limit is ₹7 lakh, then as per…
BBMP (Bruhat Bengaluru Ramanagaram Palike) had rolled out its one-time settlement (OTS) scheme for the payment of property tax which is ending today i.e. Nov 30. The special scheme excludes compound interest and penalties, thus bringing down the overall arrears of property tax significantly. So far, nearly 2 lakh people have already paid this tax…
If you are suddenly short of funds, you should remember that you can always raise a personal loan to meet your demands. Instead of personal loan, you can also raise funds through an array of sources such as credit card and instant loan. For instance, you feel the need of ₹7.5 lakh all of a…
RBL Bank is planning to stop issuance of cobranded credit cards in partnership with Bajaj Finance. The move does not significantly change the bank’s plans for credit card business growth, including new issuances and spends. RBL Bank will continue to service the existing portfolio of approximately 3.4 million co-brand credit cards issued under this partnership,…
The Employees provident Fund Organisation (EPFO) has announced that certain classes of employees do not need to seed Aadhaar for the settlement of their physical claims. Typically, EPFO subscribers should seed their UAN (Universal Account Number) to Aadhaar for settling claims; some exceptions have recently been incorporated via a circular dated November 29, 2024. These…
