11 C 
PNB Housing Finance shares in focus after PAT rises 43% YoY to Rs 483 crore
PNB Housing Finance reported a 43% increase in net profit for the December quarter, reaching Rs 483 crore. The NBFC saw a rise in total income and interest income, along with improvement in gross NPAs. However, the capital adequacy ratio slightly declined.
Hero Cycles to announce $1 billion investment soon, says MD Pankaj Munjal
Pankaj Munjal, Managing Director of Hero Cycles, announced the company's impending billion-dollar investment. During the World Economic Forum in Davos, he hinted at entering the electric vehicle category. Additionally, Union Minister Chirag Paswan declared a USD 250 million investment from AB InBev in India's beverage sector, reflecting rising investments in India.
Davos: Bankers want regulatory grip eased, flag cost of compliance
Bankers at the World Economic Forum emphasised the necessity of balancing regulatory requirements with economic growth. They argued for minimising excessive regulations and capital demands that hinder banks' operations. While advocating for effective regulation, they cautioned against overburdening businesses and stifling the economy.
ET In The Classroom: Multicap Funds
Lay investors often do not know when or how much to invest in large, mid-, or small-cap funds. If they invest only in large-cap schemes and small and mid-cap stocks rally, as often happens in the market, they will miss out on the gains.
Conservative investors can tap Hybrid MFs
ICICI Prudential MF data show the Nifty 50 representing largecaps trades at a PE of 23, slightly lower than its five-year average of 24.4. However, the BSE Midcap PE and the BSE Smallcap 250 trades at a rolling five-year average PE of 43.1 and 43.2, sharply higher than their five-year average PEs of 33.8 and 27.4, respectively, indicating these stocks are expensive.
Estate planning in India and how to ensure a smooth transition
By analyzing both assets and liabilities, one can obtain a clear picture of their net worth, which is crucial for determining how estate should be managed and distributed
NPS video customer identification process: How to do video KYC for NPS from your home
The Pension Fund Regulatory and Development Authority (PFRDA) allows the Video Customer Identification Process (V-CIP) for National Pension System (NPS) account operations, enabling remote subscriber verification and streamlining tasks like account opening and exits without physical presence.
Alimony tax: Did you ever wonder if alimony is taxable for the ex-wife. This is because the alimony is paid by husband after paying all the due income tax. Experts say, various court judgements said, yes ex-wife has to pay tax on alimony. However in one situation husbands have to pay income tax on alimony paid to ex-wife. Read to know more.
Jana Small Finance Bank eyes universal banking license
Jana Small Finance Bank plans to apply for a universal banking license next fiscal year. The bank has maintained a net non-performing assets ratio below 1%, has increased its secured loan book, and met other regulatory requirements. The bank's gross advances and deposits have grown, despite a drop in net profit for the December 2024 quarter.
SBI warns about new fraud: Ever got a call claiming youre about to be arrested?
Bank account for a minor: The best way to optimize your children's savings
Think of minor bank accounts like a piggy bank with additional perks like online banking.
NFO Alert: LIC Mutual Fund launches multi asset allocation fund
LIC Mutual Fund has launched the LIC MF Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt, and gold. The NFO opens on January 24 and closes on February 7, aiming for long-term capital appreciation. The scheme will follow a tactical asset allocation approach, with a diversified portfolio and an investment horizon of three years or more.
Bharti Airtel to offer Bajaj Finance's loan products at its app, later at stores
As of now the two products of Bajaj Finance have been piloted on Airtel's app. By March, this number would go up to four. These products are business loan, gold loan, co-branded EMI card, and personal loan.
AUM of Wealth management industry to double to USD 2.3 trn in next 5 years: Report
Demand for wealth management services in terms of assets under management (AUM) will more than double from USD 1.1 trillion in FY24 to USD 2.3 trillion by FY29, helped by shifting macroeconomic trends and rising income levels, a report said.
UPI-enabled RuPay credit card: Get credit on UPI through FD, cashback offers on UPI transactions
IDFC FIRST Bank launched the FIRST EAN RuPay Credit Card, backed by a fixed deposit. It offers UPI credit access, reward points, cashbacks, competitive interest rates on FDs, and comprehensive protection features.
Explained: What is up-market capture ratio in mutual fund investment?
Consistent compounders: Top 10 equity mutual funds with over 15% returns across timeframes
Edelweiss Mid Cap Fund and HSBC Small Cap Fund delivered over 15% returns across all timeframes. Invesco India Large & Mid Cap Fund and Midcap Fund also exceeded 15% returns, consistently. Kotak Emerging Equity Fund, the second-largest midcap fund, posted 25.39%, 19.36%, 24.29%, and 17.01% returns over one, three, five, and seven years, respectively.
What mutual fund schemes should first-timers avoid?
First-time investors should avoid lumpsum investments in high-risk funds. They should focus on hybrid funds, large-cap, or index funds with a long-term horizon of five years or more for better returns.
Rexas Finance's presale of RXS tokens surpasses $41 million, entering the final stage early due to high demand. With innovations like the Rexas Token Builder and Launchpad, the platform enables seamless tokenisation of real-world assets, positioning RXS as a transformative investment in the blockchain space.
Top 6 ELSS mutual funds to invest in January 2025
ETMutualFunds highlights top ELSS funds based on rolling returns, consistency, and asset size. Funds like Canara Robeco, Mirae Asset, and Quant ELSS offer solid returns, with Quant leading at 22.6%.
Top 5 funds that have improved performance in last 4 years
Top 5 funds that have improved performance in last 4 years
Can DTX Exchange ecome the poster child of crypto? Wall Street experts say yes!
DTX Exchange is gaining attention for combining the best of CEX and DEX features, offering over 120,000 assets and tokenised ETFs. With its high-speed VulcanX blockchain and governance-enabled DTX tokens, it's poised to become a top altcoin contender by 2025, attracting significant investment during its presale.
SBI Nifty Bank Index Fund NFO is open for subscription. 10 things to know
SBI Mutual Fund launches the SBI Nifty Bank Index Fund, offering passive investment in India's top banks. With a minimum investment of Rs 5,000, it aims for long-term capital appreciation.
What you need to know about RBI rules when investing abroad
Overseas Investment Guidelines of the Reserve Bank of India provide the regulatory framework
Decoding dual taxation: What NRIs need to know for better tax efficiency
Navigating the NRI taxation and double taxation avoidance treaties can be daunting. Here is a guide to maximizing tax benefits and avoiding pitfalls
Best personal loan options in 2025: Top 10 banks with low interest rates
Personal loans can help cover financial needs quickly. It's important to compare interest rates from various banks and maintain a good credit score to secure favorable terms. Borrow only what you can afford to avoid higher EMIs and debt traps.
Instant personal loans with a 500 credit score: Are you eligible? Find out now
Instant personal loans are influenced by credit scores, with higher risks and rates for lower scores. Scores above 650 improve approval chances. Consistent repayments and careful credit management are vital for better loan prospects.
PM Vidyalaxmi education loan scheme: Key features, eligibility, and application process explained
The PM Vidyalaxmi scheme aims to assist meritorious but financially disadvantaged students in India by providing loans for higher education. Approved in November 2024, it covers admissions in 860 top institutes and benefits over 22 lakh students annually.
Tax planning for first-time home buyers: Maximise your savings
How to pay your SBI credit card bill Online and offline methods explained
Paying credit card bills on time is crucial to avoid fees. SBI, India's largest bank, provides various credit cards and payment options, including online methods like NEFT and Paynet, as well as offline options such as over the counter and ATMs.
With the new tax regime being the focus of the government, major changes in the old tax regime are unlikely. However, if the old tax regime continues for a few years as an alternate regime, a few important changes that have been on the taxpayers' wishlist for a few years, could be addressed.
Since the last budget on July 23, international equity mutual funds have significantly outperformed domestic funds. Top returns were offered by Mirae Asset Mutual Fund's international ETFs. Domestic mutual funds, led by Motilal Oswal Multi Cap Fund, lagged, with many funds showing negative returns during this period.
THESE credit cards help maximize savings on grocery shopping in 2025
Credit cards can help you save money on grocery purchases through instant discounts, reward points and other benefits. You can further club these with the benefits of loyalty programs like Tata Neu NeuCoins, Amazon Pay cashback, etc. and further enhance your savings on grocery purchases.
Budget 2025: FM Nirmala Sitharaman may propose new Income Tax Act. Key changes to expect
The upcoming Budget 2025 may introduce a new Income Tax Act, as announced by Finance Minister Nirmala Sitharaman.
Personal Loan Lifecycle: Key tips for smooth application, approval, and repayment
Personal loans can help with immediate financial needs but require understanding their life cycle for responsible management. Key stages include planning, application, approval, disbursement, repayment, and closure, each important for successful loan handling and credit improvement.
Credit card for IPOs? Explore the truth behind using plastic to invest in the market
Investing in IPOs is appealing, but credit cards cannot be used as a payment method. Instead, investors can utilize ASBA or UPI. Using credit cards can incur high costs and affect credit scores if not managed properly, leading to financial stress.
Does converting your credit card bill into EMI impact your credit score? Find out
Managing credit card bills can be challenging. Converting bills to EMIs provides immediate relief but may impact credit scores if payments are missed. It's essential to assess your financial situation before choosing this option, as it can lead to long-term commitments and additional costs.
Best banking & PSU mutual funds to invest in January 2025
Mutual fund advisors say banking & PSU debt schemes are relatively safe because these schemes invest only in bonds and papers of banks and public sector companies. Since most of these entities are government-backed, they dont have the credit risk.
Sebi may extend time to determine NAVs
To meet redemption requests, the overnight schemes don't have to make any sale transaction before market hours. Instead, these schemes, based on redemption requests, may decide not to reinvest the maturity proceeds to be received on T+1 settlement date.
Sebi mulls change in cut-off timings to determine NAV for repurchase Mutual Fund Overnight Schemes
Sebi proposes changing the cut-off timings for determining NAV for repurchase or redemptions of units in overnight mutual fund schemes from 3 pm to 7 pm. This change aims to provide stock brokers and clearing members more time to un-pledge units and place redemption requests. Public comments on the proposal are open until February 10.
IDFC FIRST Bank launches FD-backed RuPay Credit Card for the first time users
This credit card enables credit on UPI through fixed deposit-backed virtual credit card. It also offers 1 per cent cashback on the UPI transactions
What is the latest Kisan Vikas Patra (KVP) interest rate for January- March 2025?
Kisan Vikas Patra (KVP) is a government-backed small savings scheme offered by the Indian Post Office, designed to encourage long-term investments and financial security among individuals.
Has RBI prohibited the use of black ink for writing cheques? Govt clarifies
The Reserve Bank of India has not issued any rules prohibiting the use of black ink on cheques, countering misinformation spread on social media. The Press Information Bureau clarified that there are no specific ink color guidelines for writing cheques. Clients should use image-friendly and permanent ink but avoid alterations to prevent fraudulent changes.
Top 4 focused mutual funds to invest in January 2025
360 One Focused Equity Fund, launched in October 2014, delivered a 17.3% return over the last five years based on rolling frequency.
Top 5 large cap equity funds to buy with up to 20% returns in 5 years as of Jan 15
5 equity mutual fund categories lose over 9% in 3 months
PSU funds recorded the highest losses of approximately 10.39% over the past three months. Quant PSU Fund led the decline, dropping 12.22%, followed by ABSL PSU Equity Fund, which fell 10.50% during the same period.
How the upcoming budget can reduce pending tax appeals, ease financial burden on small taxpayers
Government efforts to reduce tax disputes for small taxpayers have not succeeded, with pending appeals increasing significantly. Experts suggest reforms, including personal hearings for complex cases, improved staffing, and stricter deadlines to expedite resolution.
NFO Alert: Baroda BNP Paribas Mutual Fund launches energy opportunities fund
The new fund offer (NFO) opens on January 21 and closes on February 4. It is benchmarked against Nifty Energy TRI and managed by Sanjay Chawla and Sandeep Jain. The minimum investment is Rs 1,000 per application. SIP options start at Rs 500 for daily, weekly, and monthly, and Rs 1,500 for quarterly, in multiples of Rs 1 thereafter.
Top 5 large cap funds recommended for week ending Jan 26 with returns up to 24% in 5 years
Top 5 large cap funds recommended for week ending Jan 26 with returns up to 24% in 5 years as on Jan 15
11 ELSS mutual funds outperformed their benchmarks in both 3 and 5 years
Bank of India ELSS Tax Saver outperformed its benchmark (BSE 500 - TRI) with 14.53% CAGR over three years and 22.80% over five years, compared to 12.20% and 17.70%, respectively. Similarly, DSP ELSS Tax Saver Fund and Franklin India ELSS Tax Saver Fund, benchmarked against Nifty 500 - TRI, also outperformed across both timeframes.
Aadhaar Card Loan: Secure 5,000 in minutes with minimal hassle Heres how
Personal loans offer instant cash for financial needs with flexible repayment and quick disbursal. Minimal documentation, often just an Aadhaar card, simplifies the process. These loans cater to salaried and self-employed individuals, making them accessible for small amounts like 5,000.
Top 6 co-branded credit cards you can't miss in 2025
Co-branded credit cards offer exciting discounts and exclusive reward points for loyal customers of specific brands. They enable smart spending but should be used cautiously to avoid overspending and financial burdens. Consider the best options for 2025 while being mindful of credit card risks.
Why married couples should be allowed to file taxes jointly
India's taxation framework focuses on individual income. Unlike other nations that integrate family structures into tax laws, India's system remains limited
5 major EPF changes in 2025: The Employees' Provident Fund Organization (EPFO) has introduced key service updates. Here are the details of each of these changes, knowing which can help you in managing your EPF more effectively.
Want a lower credit card annual fee? Try these 7 simple tricks
Credit cards offer rewards and cashbacks, enhancing lifestyle without overspending. However, they come with annual fees. Waivers may be possible through spending thresholds, negotiation, or using reward points. It's essential to use credit cards wisely to avoid overspending and hefty bills.
RBI steps to boost liquidity in banking system are smart, pragmatic: SBI
Mumbai: More changes in the RBI Liquidity Management Framework are likely after the daily dynamic VRR has been taken as the first step to manage liquidity in the banking system, according to an SBI research report. Such changes and frontloading next round of moves are smart and pragmatic by the RBIA delicate mix of temporary Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
These top 5 equity mutual funds offered 30% CAGR in 5 years
The Quant Small Cap Fund, leading the list of smallcap funds, delivered an impressive 41.98% CAGR over the past five years.
India's growing middle class to drive insurance industry's growth in FY24, says Moody's
India's insurance industry is set for continued growth due to economic expansion and rising health insurance demand. Premiums are increasing, driven by higher incomes and government reforms, though the sector still faces challenges such as capital adequacy pressures and the transition to new accounting standards.
Can India transition to a single income tax rate?
Can a single tax rate modernise Indias tax system? Examining its potential to simplify compliance, ensure fairness, and boost economic growth.
Will Budget 2025 replace Income Tax Act with new Direct Tax code? Heres what experts say
Direct Tax Code vs Income Tax Act: The finance minister is all set to present Budget 2025 on February 1, 2025. There are speculations that the government will replace the existing Income Tax Act with the new Direct Tax Code. ET Wealth spoke to different tax experts to understand if Budget 2025 will announce the replacement of the Income Tax Act with the new Direct Tax Code.
5 simple hacks to supercharge your credit card rewards today
Understanding credit cards can turn ordinary spending into rewards. Pay bills on time, use multiple cards for diverse benefits, and track rewards carefully to maximize financial advantages while being mindful of risks.
Personal Loan: What is the importance of KYC for instant loans?
Personal loans: Banks tend to rely on e-KYC for a variety of services such as for giving approval of an instant personal loan
Credit Card: What is the right age to start applying for one?
Some believe the right time to get a credit card is as soon as start earning, whereas others opine that you should apply for it only some after you are financially sound
Union Budget 2025: NPS contributions of up to Rs 50,000 to the National Pension System (NPS) under Section 80CCD(1B) qualify for deductions only under the old tax regime, and this benefit is not available in the new regime.
Flexi-cap funds are an excellent choice for investors, says Varun Goel of Mirae Mutual Fund
Mutual Funds: Varun Goel of Mirae Asset believes Budget 2025 will likely see no significant changes. He highlights a positive outlook for IT and pharmaceuticals, and suggests that both active and passive funds serve essential roles in investor portfolios amid market consolidation.
Can you foreclose a personal loan, and what are the charges involved?
Personal loan: When you prepay the loan, you can save yourself from interest burden. Although prepayment leads to some additional cost, this is one time payment and may be lower than the total interest payable in future.
Best conservative hybrid mutual funds to invest in January 2025
Conservative hybrid mutual funds are the entry to the world of hybrid funds. These schemes invest mostly in debt and a small percent in equity. As per the Sebi norms, conservative hybrid schemes must invest 75-90% in debt instruments and 10-25% in stocks.
Trump Presidency: Time to go global with international mutual funds?
With Trump's anticipated return to the White House, experts suggest caution with international mutual funds due to potential volatility caused by tariffs and geopolitical tensions. Although these funds offer long-term growth, domestic funds in India may provide better alpha generation. Trump's protectionist policies and potential trade wars could disrupt global markets and impact international funds tied to US-based indices.
TCS Share Price Live Updates: TCS Trading Update
Nestle India Share Price Live Updates: Nestle India trading update: Rs 2217.2 close
Tata Steel Share Price Live Updates: Tata Steel's Closing Price and Volume
Thematic mutual funds have been investor's favourites recently, which explains why they managed to attract Rs 80,000 crore last year. With thematic funds growth being unchecked and AMCs promoting narrow and risky themes, a good number of funds may fail to deliver as per expectation and some may even lead to significant loss of investor money. Read on to know why a timely intervention by Sebi is necessary.
What does down-market capture ratio tell you about your investments?
This ratio measures an investment's performance, particularly in bearish markets. A ratio below 100 indicates outperformance against the benchmark during specified periods. Read on to know you can use this ratio to assess your investments.
We examine the key fundamentals of the DSP Equal Opportunities Fund, its portfolio, and performance to help you make an informed investment decision.
9 active equity mutual funds that have performed better in last 4 years
Volatility in domestic equity markets has recently intensified due to increased FPI selling, a stronger US dollar, and rising US bond yields. In this market, some actively managed mutual funds have managed to improve their returns over 4 years. Read on to learn more about the sectors and stocks commonly held by most of these mutual funds in this article.
Ahead of Market: 10 things that will decide D-Street action on Monday
The Indian market closed lower on Friday, ending a three-day winning streak, primarily due to losses in Infosys and Axis Bank following their quarterly results. Weak sentiment in IT and banking stocks, coupled with concerns about earnings growth and liquidity, led to the decline. The BSE Sensex fell by 0.55% and Nifty 50 declined by 0.47%, as investors adopted a cautious stance.
The wealth effect: How perceived prosperity drives spendingand how to stay in control
As rising asset prices create a sense of financial well-being, many fall prey to the psychological trap of over-spending. But by adopting strategies to stay grounded, we can harness the wealth effect without letting it derail long-term financial health.
Can I add the cost of furnishing the house to its cost of acquisition at the time of selling?
Planning to sell your house? Certain furnishing and interior expenses may help reduce your taxable capital gains, provided they qualify as cost of improvement.
4 mutual fund NFOs will open for subscription this week
Mutual funds launch new products to complete their bouquet of offerings.
Top 10 midcap stocks bought by mutual funds in December
Mutual funds add or exit stocks to manage their portfolios and offer better returns.
Sectoral and thematic mutual funds dominate returns chart, offering up to 8% return last week
Sectoral and thematic funds topped the return chart, offering up to 8% return in the last week
New EPFO feature! Members can change personal details without employer approval
Employees' Provident Fund Organisation (EPFO) launched a new facility on January 18, allowing members to change personal details without employer approval.
Pay income tax on cash spends: If any liability towards unpaid expenditure is incurred by a person in a year and paid by such person in any subsequent year, any payment (or aggregate of payments) thereof exceeding Rs 10,000 in cash will be deemed to be the Profits and Gains of business or profession chargeable to income-tax as income of such subsequent year.
Santosh Kamath of Franklin Templeton MF is back with a new credit alternative investment fund
The AIF will only lend to financial services companies and is targeting an internal rate of return of 11% to 14%.
Fixed deposit: General citizens can get up to 9% interest rate on FDs worth up to Rs 3 crore for three years tenure. Check out the full list of banks offering up to 9% interest rate on fixed deposits to general citizens. Note: TDS will be deducted when interest payable or reinvested on FD per customer across all branches, exceeds Rs 40,000 in a year.
Waaree Energies, Vishal Mega among 8 stocks on which brokerages initiated coverage
Brokerage firms have initiated coverage on stocks like BSE, Dixon Technologies, Swiggy, Ixigo, Waaree Energies, and Vishal Mega Mart, expressing bullish views.
Stock market declines and the art of asset allocation for smart investors
Stock market corrections are common and provide opportunities for smart investors to build long-term wealth. Understanding correction patterns and applying valuation-based strategies can turn declines into profitable investments.
