Tata Sons plans to sell Rs 9,300 crore slice of TCS
As of December 31, 2023, Tata Sons held a 72.38% stake in TCS. The stock slid 1.75% to 4,144.75 on the BSE Monday. TCS has a market capitalisation just north of 15 lakh crore - nearly half the total market value of all the Tata Group listed companies at 31.09 lakh crore.
5-year SBI FD vs 5-year post office FD:Did you know that money parked in a five-year fixed deposit (FD) not only grows steadily and safely but also helps you avail income tax benefits up to Rs 1.5 lakh in a financial year? This article compares two such term deposit instruments. Read on to learn more.
Morgan Stanley expects Brent to climb to $90/bbl by summer 2024
Morgan Stanley raised its Brent oil price forecasts by $10 per barrel to $90 for the third-quarter of 2024, citing tighter supply and demand balances on OPEC+ commitment and Russia's oil production curtailments after recent drone attacks on its refineries.
Despite Nifty 50 and BSE Sensex ending in positive territory on Monday (March 18, 2024), Nifty Smallcap 100 and Nifty Midcap 100 continue to perform poorly. Along with their performance, small- and mid-cap mutual funds also continue to bleed. Here is a list of the top 5 loser small- and mid-cap mutual funds, and what you would have lost had you invested Rs 10,000 in each of these schemes.
Stock market update: Nifty IT index falls 1.64%
The Nifty IT index closed 1.64 per cent down at 36886.05.
National Savings Monthly Income Account, also known as Post Office MIS offers guaranteed monthly income after a one-time investment. The scheme provides an interest rate of 7.4 per cent annually and comes with a lock-in period of five years. One can get a maximum monthly income of Rs 5,550 in a single account and Rs 9,250 in a joint account. One gets their principal amount back at the time of maturity. Know more about Post Office MIS and how one can get a monthly income of Rs 5,000.
Post office NSC vs 5 years FD:In NSC, the post office offers an interest rate of 7.7 per cent compounded annually. It also provides tax benefits under Section 80C of the Income Tax Act.
Voltas shares fall 1.1% as Nifty gains
A total of 12,231 shares changed hands on the counter till time (IST).
T+0 trade settlement in India to soon be a reality; all you need to know about it
Last week, the Securities and Exchange Board of India said that the beta version of optional T+0 settlement will be launched for a limited set of 25 stocks, and with a limited set of brokers.
Lupin shares fall 1.43% as Nifty gains
A total of 12,063 shares changed hands on the counter till time (IST).
Power of Rs 1K SIP: How Rs 1,000 SIP can help you get corpus of over Rs 35 lakh
SIP investment in small proportions may help you build a huge corpus if your investment horizon is long. SIP in mutual funds provides compound returns, and if one continues their investment beyond 15 years, they are likely to get good results. However, if they continue investing beyond 20 years, their money will increase at a faster speed. Just a Rs 1,000 SIP investment a month that gives you 12 per cent annual returns may help you build over a Rs 35 lakh corpus. Know how
SBI Card shares rise 0.17 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 40.76 on Monday.
LIC' Amritbaal Scheme: Here's is a quick look at the scheme
The policyholder/life assured shall have the option to receive the maturity benefit in lump sum as specified above and/or in installments (settlement option).
Stocks to buy: Will pharma scrips keep rising? 3 stocks with potential upside of up to 30.6%
In the December 2023 quarter, the pharma stock universe (89 stocks) reported 12% and 27% y-o-y growth in revenue and PAT, respectively. Comparatively, the aggregate revenue and PAT of Nifty 500 companies (excluding pharma) grew by 5.3% and 20%, respectively. The sector fundamentals are stable, but stretched valuations could hinder price performance.
Broking staff likely to get generous increments, bonuses on D-Street high
Bonuses at some of the leading companies could range from three to seven months of additional pay, said top executives. Average increments could be in the range of 10-15%, with high performers, especially in technology and product development roles, likely taking home 30-40% more, they said.
SIP vs SWP: What is the difference? Know through examples
While you invest money at regular intervals in a SIP, you withdraw a certain amount at regular intervals in a SWP. Both provides rupee cost averaging, and inculcates financial discipline. While, one can create a huge corpus through SIP, SWP allows you not to sell your entire portfolio even when the stock market is down and your mutual funds are not performing well. Know more such differences.
SIP vs SWP: Investment is necessary but it should be goal-oriented. If the direction of one's investment is clear, they are most likely to achieve their financial goals.
Small- and mid-cap funds have landed in troubled waters ever since the Association of Mutual Funds in India (AMFI) and the Securities Exchange Board of India (SEBI) asked AMCs running these funds to take corrective measures. Small- and mid-cap categories have been among some of the worst performers, with small caps sliding by 7.81 per cent in the one week and mid caps losing 5.49 per cent of their value. Know which have been the worst performing small- and mid-cap mutual funds in the last one week, and how much money you would have lost had you invested Rs 10,000 in each of these funds.
Indira Gandhi Pyari Behna Samman Nidhi Yojana: What is it? How to apply for Rs 1,500 financial aid?
Indira Gandhi Pyari Behna Samman Nidhi Yojana:Named after the former Prime Minister of India, Indira Gandhi, the scheme is a Himachal Pradesh government initiative, aimed at providing financial assistance to women in need.
Unveiling the Power of Rs 10,000 Monthly SIP: How to accumulate Rs 1 crore with compounding
Power of Rs 10,000 Monthly SIP:At the end of the 20th year of your investment, your corpus will reach around Rs 1 crore. If you continue this investment for another 10 years, or a total of 30 years, your wealth will grow much faster.
Rs 1 Lakh to Crorepati: This investment strategy can help you reach Rs 1.74 crore in 3 decades
Rs 1 Lakh to Crorepati:To achieve a corpus of over Rs 1.70 crore through annual investments of Rs 1,00,000, you would need to focus on long-term investment strategies that offer compounding returns. Here is what expert calculation says:
Rajasthan government has also followed suit by hiking dearness allowance of employees and pensioners by 4 per cent.
PSU thematic mutual funds are biggest losers in last 1 week; know 5 worst performers
In the one week, PSU thematic mutual funds have slipped by 8.22 per cent (As per Value Research data as on March 14, 2024). Among other loser categories, small caps have slipped by 6.94 per cent, while infrastructural sectoral mutual funds have slipped by 5.92 per cent.
Everyone wants to become a crorepati to live a better life, but they don't know what to choose for their investment plans. There are several plans and investment strategies in the market, and out of those, the 555 formula is one of the good investment plans.
How 8-4-3 compounding rule can accelerate your investment worth thousands into crores; know maths
8-4-3 Investment Rule:In the 8-4-3 strategy, the average return of a particular investment amount for 8 years is 12 per cent/annum, while after that time period, it will take only half of that horizon, i.e., 4 years (total 12 years), to get a return of 12 per cent. Similary, apply for the next 3 years (total 15 years), and your corpus will be doubled.
Top small cap funds in 3 years: 5 schemes with up to 33.5% returns
How this strategy can help you build Rs 1.74 cr corpus with Rs 1 lakh annual investment
To achieve a corpus of over Rs 1.70 crore through annual investments of Rs 1,00,000, you would need to focus on long-term investment strategies that offer compounding returns. Here is what expert calculation says:
NPS vs mutual fund SIP: Which is a better investment plan for retirement? | Explained
NPS vs mutual fund SIP:Investment is important to achieve financial goals at every stage of your life. When you are young, you create wealth to complete your short-term goals.
Are you planning to prepay your personal loan? Here are few things you should keep in mind
When you prepay your loan, the overall EMI is reduced, allowing you to pay a lesser interest rate on the outstanding balance. Your credit score improves, and you can save money.
7th Pay Commission: Following in the footsteps of the central government, the Yogi government in Uttar Pradesh and Manik Saha-led Tripura government have increased dearness allowance (DA) and dearness relief (DR) in their respective states. With Holi celebrations just a few days away, the decision will give relief to 10 lakh employees, 12 lakh pensioners and eight lakh teachers in the UP government. Last week, Centre also revised tax exemption limit for gratuity, and HRA rates.