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Britannia Industries declares a final dividend of Rs 73 per share
The profit figure was down 3.6% versus Rs 558.66 crore reported in the year-ago period.
RBI approves re-appointment of Atanu Chakraborty as part-time Chairman of HDFC Bank
Chakraborty has been the Part-Time Chairman and Independent Director of the Bank since May 2021.
4 equity mutual funds offered over 30% returns in 3 & 5 years
Around 185 equity schemes have completed five years in the market.
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
8 defence stocks beat benchmark by wide margin, soar up to 267% in a year
From the pack Zen Technologies, and Mazagon Dock Shipbuilders have soared over 200%
RBI allows standalone primary dealers to tap foreign currency funding
Our Mumbai Bureau Bloomberg announced its inclusion of India FAR bonds in JPM GBI-EM and related indices
SBI Senior Citizen FDs: What Rs 2 lakh investment in 1-year, 3-year, and 5-year FDs will give you
Investors also get an income tax exemption on deposits up to Rs 1.50 lakh in five-year FDs.
Crypto market meltdown? 5 coins to buy during the dip for massive profits
Invest in KangaMoon presale for potential profits. Helium benefits from IoT adoption, Starknet shows bullish signals, Filecoin predicts growth, and Polygon has a bright future. Consider these top cryptos for investment during market downturns.
10 equity mutual funds deliver over 25% returns in 2024 so far
Buying digital gold in Akshaya Tritiya? 5 things to know
Step-by-step guide to unlock your Aadhaar
Earn 7.7% interest rate on NSC: Tax benefits, lock-in, how to invest in National Savings Certificate
Saturday bank holiday: Are banks closed this Saturday, May 4?
The Reserve Bank of India (RBI) designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts.
Best small-cap funds to invest: 4 small cap funds with up to 35.93% returns in 3 years
5-year FD vs Top Retirement Mutual Fund: Which option has given more returns on 5-year investment
The five-year FD provides a tax exemption of up to Rs 1.50 lakh on deposits under Section 80C of the Income Tax Act. On the other hand, mutual funds are market-linked programmes where funds invest their money in equities, debts, corporate bonds, and government securities.
FD interest rate up to 8%: Indian Bank extends special FD deadlines to this date
The deadline for investing in the Indian Bank's special fixed deposit, which offers higher interest rates, has been extended. .
Smriti Irani has invested in this ELLS mutual fund; see how Rs 10K SIP has grown in 5 years
Smriti Irani has invested in Motilal Oswal Tax Saver Fund among other funds. It is an Equity Linked Savings Scheme (ELSS) fund, which provides tax benefits of up to Rs 1.50 lakh under Section 80C of the Income Tax Act.
Small and mid cap mutual funds lead the list of April toppers
Equity mutual fund categories in April had varying performances. Small cap funds led, while mid cap, contra, and multi cap funds also showed good results. Additionally, value funds and tax saving or ELSS funds performed well in the said period.
How children-oriented mutual fund schemes performed in last 1-year & top 5 winners
Among the 11 children's funds in the solution-oriented mutual fund category, ICICI Pru Child Care Fund-Gift Plan has stood out with impressive returns of 44%. Following closely behind are SBI Magnum Children's Benefit Fund-Investment Plan and Aditya Birla SL Bal Bhavishya Yojna, which have delivered returns of 39.35% and 35.25%, respectively.
Best large cap mutual funds to invest in May 2024
According to the Sebi mandate, large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. Large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds.
Thematic funds catch the eye of investors, draw Rs 1.22 lakh crore in FY24
Assets under management (AUM) of this equity category in FY24 soared by 1.22 lakh crore to 2.93 lakh crore from 1.7 lakh crore a year ago - the highest growth in assets under management (AUM) collected by any equity category in this period.
First Abu Dhabi Bank, Mizuho Bank in race for SBIs stake in Yes Bank
UAEs FAB meets RBI; BoA to run deal for Japanese lender; no local investor approached
IIFCL AMC, four others settle case with SEBI by paying 1.02 crore
The entities are alleged to have violated mutual fund norms with regard to investments made by IIFCL AMC in various companies such as GVR Infra Pvt Ltd, DP Jain & Co Infrastructure, DPJ-DRA Tollways, Feedback Energy Distribution Company Ltd and Feedback Infra Pvt Ltd
Top 7 lump sum mutual funds in India with up to 41% return in 5 years; check list
In lump sum, one invests money in one go, while in SIP, you invest either a fixed amount at regular investment intervals or opt for a step-up SIP, where you systematically increase the amount every year. The lump sum investment is good for long-term investors who want their income to be compounded over the years.
South Indian Bank net profit jumps 38% to 1,070 crore in FY24
Gold loan book grows 12-13 per cent, NRI deposits contribute 25 per cent of total business
HDFC Life Announces the 'No Jhanjhat Life Insurance Fatafat' Campaign
Through initiatives like the No Jhanjhat Life Insurance Fatafat campaign, HDFC Life is committed to contributing to the mission of Insurance for all by 2047.
Nippon India Mutual Fund changes fund manager for three schemes
Nippon India Mutual Fund has changed the fund manager for its three schemes: Nippon India Small Cap Fund, Nippon India Multi Asset Fund, and Nippon India Focused Equity Fund.
Federal Bank Q4 Results: Net profit flat at Rs 906 crore
The bank's operating profit for the quarter was lower at Rs 1110 crore due to 41% higher operational expenses including Rs 162 crore one-time pension-related staff cost, offsetting 15% higher net interest income at Rs 2195 crore, its highest ever.
Motilal Oswal Flexicap Fund completes 10 years, offer 17.17% since inception
Motilal Oswal Flexicap Fund completed a significant milestone on April 28. The fund has completed ten years of existence in the market. The fund manages assets under management (AUM) of Rs 9,660 crore.
12 mutual fund NFOs launched in April; 7 index funds offered
Of the 12 NFOs, three schemes are still under their NFO period. Here is the category-wise break up of new funds launched.
8th Pay Commission Latest News:In the recommendations of the 7th Pay Commission, the fitment factor was kept at 2.57 times.
Bank holidays in May 2024: Check state-wise list
Bank holidays in May 2024: Check state-wise list
Post Office Scheme: Invest Rs 250 a day in this scheme to accumulate over Rs 24 lakh at 40
Post Office Scheme: UnderPublic Provident Fund or PPF scheme, to get Rs 24 lakh, you just need to save Rs 250 every day. This means, you will have to invest Rs 7,500 every month for 15 years.PPF account holders also get the loan facility. You get the loan based on the amount deposited in your PPF account. This loan is cheaper than an unsecured loan.
Groww Mutual Fund launches Nifty Non-Cyclical Consumer Index Fund
The minimum SIP investment is Rs 100 and in multiples of Re 1 thereafter. The minimum lumpsum investment is Rs 500 and in multiples of Re 1 thereof.
Gratuity Calculation:An important thing about gratuity calculation is that if an employee works for more than 6 months, it will be calculated as one year.
Axis Mutual Fund launches Axis Nifty Bank Index Fund
Axis Nifty Bank Index Fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of leading Indian banks, the fund house said in a release.
Info Edge shares gain 0.16% as Sensex rises
A total of 1,247 shares changed hands on the counter till 01:44PM (IST)
Aditya Birla Sun Life Mutual Fund launches Nifty PSE ETF
The new fund offer or NFO of the scheme is open for subscription and will close on May 16. The scheme will re-open for continuous subscription and redemption within five business days from the date of allotment.
EPF: How to create Rs 1.30 crore tax-free corpus starting with basic salary of Rs 20,000
An employee contributes a minimum of Rs 1,800 and a maximum of 12 per cent of their basic salary to their EPF. Their employer in the equal proportion also contributes to the employee account. From the employer's contribution 8.33 per cent goes to the Employee Pension Fund (EPS) and 3.67 per cent goes to EPF.
Godrej Consumer shares up 0.78% as Nifty gains
A total of 12,952 shares changed hands on the counter till 10:45AM (IST).
Top 10 mutual funds to invest in May 2024
We have chosen two schemes from five different equity mutual fund categories - aggressive hybrid, large cap, mid cap, small cap and flexi cap schemes which we believe should be enough for regular mutual fund investors. There are caveats: read till the end to ensure you are picking up the best scheme for you.
Big miss! 93% smallcap mutual funds fail to beat benchmarks in April
Around 93% of small cap mutual funds failed to beat their benchmarks in April. Only 2 out of 27 schemes managed to outperform, emphasizing the riskiness of small cap investments and the need for a high-risk appetite.
Garmin's Q1 Results: Company beats St estimates on strong demand for fitness, auto products
Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%.
Five-Star Business Finance Q4 Results: PAT jumps 40% YoY to Rs 236 crore
Total disbursements made during the quarter under review grew by 20 per cent to Rs 1,336 crore, from Rs 1,110 crore registered in the same period of last year.
Top 5 NPS Tier-1 Mutual Funds: Rs 10,000 SIP in the top fund has given up to Rs 13.44 lakh
Mutual fund houses offer two types of NPS mutual funds- Tier 1 and Tier II. Tier-I is more prominent than the other one as it has a lock-in period of 15 years and provides extra tax benefits. The Tier-II account, on the other hand, works like any other saving account where you can withdraw amount any time.
Sensex@75K! Risk management in algorithmic trading: 8 ways to minimise risk
Since algo trading depends hugely on quantitative models, it also presents certain challenges. Besides sophisticated computer algorithms and lightning-fast speed, a robust risk management system is also needed.
Godrej conglomerate split: How should investors play the listed entities?
Splitting into Godrej Enterprises and Godrej Industries brings clarity, with no major immediate stock impact. Analysts await Vikhroli land development by Godrej and Boyce, potentially positive for stock.
The latest development in the formation of the 8th Pay Commission is a letter written by the Indian Railways Technical Supervisors Association (IRTSA) to the Ministry of Personnel, Public Grievances, and Pensions under the Department of Personnel and Training (DoPT). The letter has requested the ministry to form the 8th Pay Commission.
Income Tax: How are e-filing and e-payment of taxes different? Know details here
Income Tax:E-filing is simply a process of electronically filing Income tax Returns/Forms through the Internet. It can be done through the income tax department's official website.
Q4 results today: Ambuja Cements, Adani Wilmar among 18 companies to announce earnings
Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
From commercial LPG price cut to mutual funds KYC guidelines: Check out key financial changes in May
The market regulator Sebi has asked mutual fund investors to ensure that their PAN card and Mutual fund folio have the same name with correct spelling.
Kotak Bank Joint MD KVS Manian resigns with immediate effect
Manians exit leads to leadership restructuring for business segments
5 Top SIP Mutual Funds in India in 5 years: Rs 10,000 SIP in top fund has given Rs 14.44 lakh
SIP provides rupee cost averaging, which means you purchase a net asset value (NAV), or unit, at a different price every investment cycle. When the market is low, the price of NAV is low, when the market is high, the price is high.
Increased EMI vs SIP: Which option in home loan will help you save over Rs 14 lakh more?
When you repay a high amount, long duration home loan, the interest you pay can be higher than your principal amount. You can repay your loan early and save a significant amount if you increase the amount of your EMI or run a systematic investment plan (SIP) along with your loan. Know which of the option among two can help you save more money and time.
Rs 9 lakh investment in this post office scheme gives you Rs 5,550 a month; get details
Investors seeking guaranteed returns and monthly income can invest in Post Office Monthly Income Scheme (MIS). A one-time investment will help you get a fixed monthly income in this post office scheme.
Corporate Bonds: Bank Fixed Deposits offer conservative returns, typically around 5 per cent to 7 per cent per annum, while Aggarwal informs that corporate bonds yield higher returns, ranging from 7 per cent to 14 per cent per annum based on credit ratings.
Monthly average cash withdrawals went up by 5.51% in FY24: Report
In an annual report, which comes amid bigger strides being made by digital payment modes like UPI that has led to notion of decline in cash usage, the company said monthly average automated teller machine (ATMs) cash withdrawals were at Rs 1.35 crore in FY23.
Dearness Allowance Hike, Children Education Allowance (CEA), Hostel Subsidy, CEA for Divyang children of Government employees, Special Child Care to women with disabilities, 7th Pay Commission:Alongwith the Dearness Alowance hike, the limit of a number of allowances for Central Government employees was automatically raised by 25 per cent after the Dearness Relief (DR) was hiked to 50 per cent from January 1, 2024.
FD Vs NSC Post Office Schemes: Like banks, many types of schemes are run by the post office, in which, one can get good guaranteed returns. Know about two such schemes which provide good interest along with tax benefits.
BRISKPE raises $5 million in seed funding from PayU
BRISKPE has a customer base of more than 1,000 exporters
Step-up SIP: How SIP can double, triple and quadruple your investment; know calculations
Mutual Fund Step-up SIP: When you start investing in a mutual fund scheme through a Systematic Investment Plan (SIP), you invest a fixed amount every month. But if you want, you can also opt for a top-up SIP, where you can increase SIP amount every year. Since you get compound growth in SIP investment, increasing SIP amount every year may help you achieve your investment goal faster and can multiply your money by many times.
The Nifty Metal Index has surged significantly since November, delivering 11.6% year-to-date returns. In comparison, the Nifty 50 and Nifty 500 have yielded 2.7% and 5.7%, respectively. Despite global headwinds, metal companies with stable cost structures can prove effective long-term bets amid strong domestic demand. Should you invest in metal stocks now?
This stock gave 129.9% returns last year; should you invest now? Know what analysts say
Angel One stands to gain from Indias booming broking industry, fueled by factors like rising income, increased awareness of financial assets, smartphone penetration, digitisation, regulatory protection for retail investors, and household savings financialisation. Should you buy?
Cholamandalam MS General posts PBT of 444 crore in FY24
Cholamandalam MS Generals GWP grows 23% to 7,598 crore; records higher growth against multi-line players
