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Two mutual fund NFOs to open for subscription this week
Two NFOs are going to open for subscription this week, according to ACE MF data. Kotak NIFTY 100 Low Volatility 30 Index Fund's NFO will open on May 22 and Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund's NFO will open on May 22 as well.
Bank of Maharashtra tops among PSU banks in business growth in FY24
NEW DELHI, May 19: State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth. The Pune-headquartered lender has registered a 15.94 per cent rise in the total business (domestic) in FY24, followed by the countrys largest lender State Bank of India (SBI) with 13.12 per cent growth, according to published financial numbers of the [] The post Bank of Maharashtra tops among PSU banks in business growth in FY24 appeared first on Daily Excelsior .
7 mutual funds completely exited from these small cap stocks in April
RIL and Infosys among top 10 stock holdings of Kotak Mutual Fund
Kotak Mutual Fund manages 130 mutual fund schemes. A look at the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services.
Sundaram Homes FY24 disbursements exceed 5,000 crore, net profit rises by 10% to 236 crore
SundaramHomeFinances strong performance reflects the growing demand in the real estate sector and its successful expansion in Tier 2 and 3 towns, particularly in Madhya Pradesh and Rajasthan
SBI acquires 6.125% stake in CCIL IFSC, strengthens presence in GIFT City
CCIL IFSC will operate the foreign currency settlement system and act as a clearing house and system operator at the International Financial Services Centre, GIFT City
over 28 stock ideas from prabhudas if bjp wins 300-325 seats in lok sabha elections
Here a list of sectors along with the sectoral top picks that will have a positive impact on NDAs return, as suggested by Prabhudas Lilladher:
HDFC Bank Pixel Play Credit Card: How to apply for virtual credit card
YES Bank launches YES Grandeur for elite customers
YES Bank introduces YES Grandeur program for emerging affluent customers with AMB of Rs 5 lakh or NRV of Rs 20 lakh. The program offers personalized banking, travel, and lifestyle privileges, including benefits at Taj, ITC Hotels, Disney+ Hotstar, and more, led by Executive Director Rajan Pental.
This method provides an accurate measurement. It is more helpful when an investor uses lower interest rates rather than the higher ones. It is more used for situations which involve compound interest. The one which involves a simple interest rate does not work well with this method.
The crypto market Is developing rapidly, okens poised for massive rally
It's clear that SingularityNET, Starknet, Aptos and Cosmos are all experiencing bullish trends, yet KangaMoon (KANG) stands out as a project which can experience the most significant price breakout due to its entry into the rapidly expanding P2E market. Its user-base of over 20,000 users also positions it as a strong contender in the altcoin space, and these aspects make it an attractive option for investors seeking to diversify their crypto portfolios further.
PPFAS Mutual Fund: ITC, Power Grid, and Coal India among top 10 stock holdings in April
Here are the top 10 stock holdings of the fund house, according to the report by Motilal Oswal Mutual Fund.
IndiaFirst Life to elevate Deputy CEO Rushabh Gandhi as MD; CEO Vishakha to retire
Gandhi has worked alongsideVishakha since 2015, and has a wealth of experience at IndiaFirst Life in driving growth and profitability
Some insurers had extended the entry age limit up to 100 years. However, thanks to a recent circular from the Insurance Regulatory and Development Authority of India (IRDAI), all insurers are now obligated to consider applicants over 65. This change ensures that seniors have an opportunity to access health coverage, regardless of their age.
Bandhan Bank Q4 Results: Lender posts PAT at Rs 55 crore on higher provisions; NII at Rs 5,189 crore
The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.
ZEEL Q4 Results: Company reports profit of Rs 13 crore versus loss YoY; revenue rises 3%
ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.
A Cibil score of an individual tells about his past credit behaviour. It reveals whether they have been regular in their repayments or if they have been serial offenders. Based on the Cibil score, the lender decides the terms and conditions of the credit facility.
As per Association of Mutual Funds in India (AMFI) data, the top large-cap mutual fund in the three years is Nippon India Large Cap Fund, the top flexi cap is JM Flexi Cap, and Quant ELSS Tax Saver Fund tops the chart in the ELSS category.
Pidilite Ind shares down 0.79% as Sensex rises
A total of 4,814 shares changed hands on the counter till 12:42PM (IST)
Tokyo's Nikkei index closes lower
Among major shares in Tokyo, chip-making equipment manufacturer Tokyo Electron was down 1.98 percent at 36,090 yen and Nikon was off 1.12 percent to 1,667.5 yen.
Buy JK Cement, target price Rs 5050: Anand Rathi
JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2023.
Retirement Planning: These 5 schemes provide pension every month
Retirement Planning:If you are planning for your retirement and want to get pension every month, then it is important for you to invest in those schemes which give good returns.Here are five schemes that offer a reliable monthly pension, ensuring you do not have to depend on anyone in your later years.
Company eyeing 17 per cent growth in its retail book
ET Explains: Elections and the surge in remittances
India has been on top of the charts of remittances from its diaspora. In 2022-23 it crossed the $100billion mark to $112 billion and a record $29 billion in the December quarter alone. But will the uptrend continue? An explainer on what drives inward remittances.
Tech View: Nifty forms small Hanging Man candle. What traders should do on Friday
On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.
Angel One launches Fin One to boost financial awareness among young Indians
According to the company, Fin One integrates engagement and entertainment to enable young Indians to make informed financial decisions and create dependable investing practices.
Investors can increase and decrease the SIP amount and can also stop it whenever they want. The minimum investment in some mutual funds is as low as Rs 100. The majority of mutual funds offer a minimum SIP investment of Rs 500.
Sebi relaxes KYC rules for mutual fund investors; know what it said about Aadhaar-PAN card linking
According to the new rule, even without linking Aadhaar and PAN, an investor can get their KYC done with OVD i.e. officially valid documents like Aadhaar, PAN, Voter ID, passport and driving license. The KYC status of such an investor will be KYC-registered.
Top stocks to buy: 5 stocks to watch out for an upside of up to 65%
Apollo Tyres shares jump 7% post Q4 results. Should you buy or sell?
Apollo Tyres' shares rose by 7% to Rs 508 in Thursday's trading session on the BSE, despite the company posting modest financial results for the March quarter of FY24. Although the firm reported a 13.7% year-on-year (YoY) decrease in net profit, amounting to Rs 354 crore compared to Rs 410.3 crore in the same quarter last year, brokerage firms maintained a largely optimistic outlook on the stock.
IRCTC shares up 0.72% as Nifty drops
A total of 35,123 shares changed hands on the counter till 11:41AM (IST).
BEL shares gain 0.62% as Sensex rises
A total of 717,327 shares changed hands on the counter till 10:40AM (IST)
SBI FD rate hike news: State Bank of India raises FD rate on select short-term maturity up to 75 bps
SBI FD rate hike news:The country's biggest lender State Bank of India (SBI) has hiked fixed deposit rate on select short-term maturity up to 75 basis points, a move likely to be followed by other lenders.
EPF vs (EPF+SIP): Which option may help you get higher retirement corpus; know expert calculations
The benefit of contributing to an EPF is that it falls under the Exempt-exempt-exempt (E-E-E) category, where deposits made up to Rs 1.50 lakh in a financial year, the interest earned, and the maturity amount are tax-free. The lock-in period in the EPF scheme is 60 years, and one can withdraw funds under certain conditions.
The Insurance Regulatory and Development Authority of India (IRDAI) has recently made a significant change concerning health insurance policies in India. Now, health insurance policies will be available to all regardless of the age factor.
LIC officers got higher wage settlement than public sector bank peers: Union
Lowest-grade LIC officer gets 40,155 more a month than public sector bank peer
For State Bank of India (SBI) FDs of 211 days to less than 1 year, the new rate for general public has been increased from 6 per cent to 6.25 per cent, while senior citizens will get an interest rate of 6.75 per cent instead of 6.50 per cent in the same category.
EPFO latest news, EPF retirement scheme: Retirement fund bodyEPFO has extended its quicker auto-mode system to cover advance claims for expenses on education, marriage and housing as well in order to facilitate ease of living for its members, according to an official statement. Provident fund body EPFO has more than six croresubscribers.
In his Lok Sabha Elections 2024 affidavit available on the Election Commission of India (ECI) website, he declared that he has invested Rs 9,12,338 in the National Savings Certificate (NSC) scheme, which is a prominent post office scheme. Apart from that, he also declared investments worth Rs 2,85,60,338 in fixed deposits (FDs) at State Bank of India (SBI).
EPF transfer: How to transfer provident fund online? Step-by-step guide here
EPF Online Transfer Process: Earlier, people were afraid of doing EPF moneytransfers due to manual paperwork and long waits, but now with the advent of technology, transferring an existing PF account to a new account has become more convenient than ever.
Top 6 things one should watch out for while buying health insurance policy for senior citizens
When we want to buy a health insurance policy for senior citizens,some of the questions that arise are: What should be the waiting period? Should it include a no-claim bonus? Should there be a co-pay option? Will it have specific coverage and inclusion?
How can you build your contingency fund via mutual fund investments?
Select mutual fund categoriesthat offer a higher return when compared to traditional investment avenues can be a better option for building an emergency fund corpus in a shorter timeframe.
Parag Rao, Country Head, Payments, Consumer Finance, Digital Banking, and Technology, HDFC Bank Limited, told Zee Business that the digital credit card, known as Pixel credit card, will be operated through the app and it has been launched to attract youth.
One of the long-term investments can be mutual funds. Youngsters seeking a sizeable corpus at retirement can invest in equity funds or focused funds such as retirement mutual funds. They can also choose the systematic investment plan (SIP) method to invest in mutual funds. Given that Nifty 50 has jumped by more than 14 per cent in the last decade, one can expect a 12 per cent XIRR (SIP returns) in a mutual fund in the long run.
SBI becomes trading-clearing member of IIBX at GIFT City
SBI becomes the first bank to be a trading-cum-clearing member of India International Bullion Exchange at the GIFT City in Gujarat
Stock market crash: Should you sell your mutual funds now?
A Systematic Withdrawal Plan (SWP) is opposite to Systematic Investment Plan (SIP), where one gets a fixed monthly income after making a lump sum investment. An SWP mutual fund provides compound growth and rupee cost averaging to its investors.
What are Systematic Withdrawal Plans (SWPs)? How do they work to provide steady income flow?
Besides, you can choose to just withdraw gains from the portfolio and keep their capital invested. Depending on the amount chosen, units will be sold from a portfolio and the funds transferred to your account.
