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High-risk, high-reward: 12 top-performing smallcap mutual funds with long-term potential
Twelve smallcap mutual funds have been identified as top performers. The selection considered one-year returns, fund size, and expense ratios. These funds offer potential for high rewards but also carry significant risk.
ELI under EPFO: The deadline for activating Universal Account Number (UAN) and linking of bank account to Aadhaar for getting Employement Linked Incentive Scheme (ELI) benefits has been extended again. The original deadline was November 30, 2024 which was later extended to December 15, 2024. This deadline has now again been extended.
Power of Compounding: An SIP or systematic investment plan is a popular way of investing in mutual fund schemes of choice, as it enables investors to direct their cash towards a desired equity-related scheme gradually. In this article, let's look at three scenarios to learn about the role time plays when it comes to compounding.
PF balance trasnfer: When changing jobs do remember to transfer your provident fund balance to the new company using the Employee Provident Fund Organisation website. Bishen Jeswant, Partner, Cyril Amarchand Mangaldas, says applying for transfer of EPF when switching employment is a fairly routine process if the individual employees UAN (Universal Account Number) is active on the EPFO portal
Taking the passive route to smart quality investing
Smart-beta investing, a rule-based strategy, blends active and passive approaches to achieve better risk-adjusted performance than traditional indices. With large-cap stocks offering valuation comfort, the Nifty 200 Quality 30 stands out as a strong benchmark for the quality factor.
Explained: What is loan against mutual funds and how can one avail this?
A loan against mutual funds allows investors to use their mutual fund units as collateral to secure financing. Lenders evaluate the value of the pledged units and usually provide a loan based on a percentage of their market value. This option is appealing as it enables investors to address financial needs without liquidating their investments, allowing them to retain the potential for future growth.
Mutual funds sold over 1 crore shares of these 7 stocks in November. Heres a breakup
In November, mutual funds offloaded over 1 crore shares across seven stocks. Additionally, mutual funds sold shares in approximately 367 stocks during the month, as per data from Prime Database.
Power of Compounding:An SIP or systematic investment plan is a popular way of investing in mutual fund schemes of choice, as it enables investors to channelise their surplus funds towards a desired equity-related scheme gradually. This way, the investor does not have to arrange funds at a single time. Multitudes of salaried individuals find SIPs both convenient and practical for investing in their favourite mutual fund products, in contrast to lump sum investments which require a large pile of surplus funds at once. It goes without saying that starting early and investing for a long time works best, as it helps the investor park a larger sum to the scheme while tapping the true power of compounding.
Sebi simplifies offer document requirement for AMCs
Markets regulator Sebi on Friday simplified the framework for asset management companies (AMCs) by reducing the requirement to upload draft SIDs to 8 working days from 21 days earlier. This is aimed at streamlining the process, reducing timelines, and enhancing investor protection while simplifying compliance for AMCs.
IndusInd Bank opened certain savings deposit accounts in the name of ineligible entities
Bank of Baroda credit card offers for Christmas and New Year; check details
External MPC members call for rate cut flagging faltering growth, rising inflation
Former RBI Governor Shaktikanta Das, however, batted for keeping repo rate unchanged, saying progress made towards disinflation till now must be preserved
Tata AIA launches multicap momentum quality index fund
Tata AIA Life Insurance has launched Tata AIA Multicap Momentum Quality Index Fund. This open-ended scheme aims to generate long-term capital appreciation by investing in a portfolio of stocks replicating the Nifty 500 Multicap Momentum Quality 50 Index. The NFO is open for subscription from December 24 to 31.
Emerging cryptos to buy now: Big moves expected for JASMY and six coins
Several altcoins are gaining traction in the crypto market, including Aureal One (DLUME), DexBoss (DEBO), yPredict (YPRED), and JasmyCoin (JASMY). Aureal One focuses on blockchain gaming, DexBoss on DeFi, yPredict on AI-driven crypto predictions, and JasmyCoin on IoT integration. These projects offer unique use cases and potential for growth in the next bull run.
Higher EPS pension: The EPFO has given one last chance to the employers to upload wage details of the employees to process the higher EPS pension application. If the all the employers (old or new) does not accept the pension application, an individual will not be eligible to receive higher pension.
4 key differences between CAGR and XIRR in mutual funds
The difference between CAGR and XIRR is that CAGR calculates the annual growth rate of an investment over a specific period assuming annual compounding while XIRR calculates the annualized return for investments with irregular cash flows.
A fixed deposit is one of the most popular investment options in India. The banks that have revised rates include Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank and Bank of Maharashtra.
Bitcoin is capital asset: Jodhpur ITAT recently ruled that an Infosys employee who purchased Bitcoin using his salary should pay capital gains tax at 20% rate and also claim section 54F tax exemption after he sold the Bitcoin for Rs 6.69 crore. The Income Tax Department wanted this person to pay 30% tax on that more than Rs 6 crore gains but lost the case. Curious to know why and which legal aspect this person used? Read below.
Mirae Asset Mutual Fund changes exit load period and structure of 6 schemes
Mirae Asset Mutual Fund has announced changes to the exit load period and structure for three of its schemes, which are from the equity, hybrid, and commodity-based categories. The fund house communicated these changes to its unitholders through a notice-cum-addendum.
Investor First: Sebi clamps down on mis-selling in New Fund Offers
It is possible that this could result in fewer fund launches. Mutual funds that launch schemes to keep distributors happy will under be less pressure to keep coming out with NFOs.
Insurance industry is agile in adopting new reforms: Tarun Chugh
In 2024,the industry cloced a strong growth of 16 per cent in Individual Rated New Business
As 2025 approaches, the insurance industry stands at a transformative crossroads
Without meticulous oversight, theres a looming risk of market imbalance and monopolistic tendencies
Mutual fund investment: Is it time to invest in aggressive mutual fund?
Kotak811 bank account charges: Kotak Mahindra Bank has revised its general schedule of features and charges (GSFC) charges for its 811 EDGE, 811 Limited KYC and 811 Full KYC account variants. Moreover, Kotak Mahindra Bank has also revised its free ATM transaction limits for its Dream Different, 811 PVR debit card. Read to know more.
Kaynes Technology among 8 smallcap stocks that may get midcap status
AMFI is set to announce stock re-categorization in early January 2025, potentially revising market cap classifications for large, mid, and small-cap segments, as predicted by Nuvama Alternative Research.
Central KYC (CKYC): The deadline to implement masking of know your customer (KYC) details in the CKYC database has been extended to January 20, 2024. The Central KYC Customer Records Registry (CKYCR) is trying to improve data security and privacy of customers in two ways - by masking the KYC Identifiers and by preventing any intermediaries from accessing the customers KYC details, says Wriju Ray.
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Eight altcoins poised for great returns in the next bull run
The cryptocurrency market anticipates a bull run, with projects like Aureal One (DLUME), DexBoss (DEBO), and yPredict (YPRED) attracting attention. Aureal One integrates metaverse and gaming, while DexBoss offers DeFi solutions. yPredict uses AI for trading insights. Other promising altcoins include JetBolt (JBOLT), Catslap (SLAP), Aptos (APT), Crypto All-Stars (STARS), and Kaspa (KAS).
Decoding 9 mutual fund ratios: Your quick guide
Evaluating mutual funds requires assessing various financial ratios like Alpha, Beta, Sharpe, and Treynor to measure performance, risk, and return. These ratios help investors make informed decisions based on their goals.
How to draft a will: Process, steps, all you need to know
SEBI caps NFO fund raise based on MFs ability to deploy
ICICI Bank and Times Internet unveil premium metal credit card
Cardholders will receive significant perks including unlimited lounge access at over 1,300 global airports, visa services at home, and entry to The Quorum Club
US interest rate hike not on the horizon, says Jerome Powell
Powell emphasised that while the current rate of 4.3% is considered meaningfully restrictive, it is a well-balanced level that allows for progress on inflation while supporting a robust labour market
Powell on Trumps economic plans: Premature to draw conclusions
Powell highlighted the ambiguity surrounding tariffs, including which goods may be affected and their potential duration
Jerome Powell: Federal Reserve has no interest in Bitcoin ownership
Powell stated that the legal framework governing Bitcoin ownership is a matter for Congress but emphasised that the Fed is not seeking any changes to its policies regarding cryptocurrency.
Punjab & Sind Bank raises 3,000 crore via infra bonds at 7.74%
The bonds are unsecured, subordinated, redeemable, non-convertible, and taxable debentures with a face value of 1 lakh each
Credit-deposit growth convergence observed amid higher base effect and RBI measures
Credit offtake, at 175.1 lakh crore, grew by 10.6%, down from last years 20.6%, while deposits expanded to 220.2 lakh crore, marking a 10.7% YoY increase.
Bank of Baroda approves 10,000 crore bond issuance for infrastructure and affordable housing
This initiative will take place in single or multiple tranches during the fiscal year 2025 and may extend beyond that based on feasibility assessments
Home loan balance transfer: Charges, documents required, how to prepare for it
How to use a GST calculator for managing business loan finances
Managing business finances involves navigating taxes and loan repayments. A GST calculator simplifies tax calculations, aiding accurate budgeting and expense tracking. Pairing this with a Bajaj Finserv Business Loan offers high loan amounts, flexible tenures, and quick approvals, empowering businesses to thrive.
PMAY-U 2.0: How to check eligibility and apply online under Pradhan Mantri Awas Yojana-Urban 2.0
PMAY-U 2.0: A financial subsidy of Rs 2.50 lakh would be provided to each of the one lakh new houses that the government intends to develop under PMAY 2.0 in five years from September 1, 2024.
Seven meme coins to buy now: DexBoss takes the lead over SHIB, DOGE, and Pepe
Meme coins like Shiba Inu, Dogecoin, and Pepe have paved the way for new contenders. DexBoss (DEBO) is a rising star, offering decentralized exchange functionalities and a deflationary model. With its presale price of $0.01 and target listing at $0.0505, DEBO presents a promising investment opportunity in the DeFi space alongside other notable projects like Aureal One, yPredict, and BlockDAG.
Franklin Templeton Mutual Fund: RIL, Zomato among top 10 holdings in November
As of November 2024, Franklin Templeton Mutual Fund had an AUM of Rs 1.13 lakh crore and manages 42 mutual fund schemes
Pump.fun ban triggers decline in Solana meme coins; investors eye Lunex Network for DeFi
Solana-based meme-coin launchpad Pump.fun has halted UK access after an FCA warning for operating without authorization. This coincides with declining prices for Solana meme coins like Bonk and DogWifHat (WIF), amid a broader market downturn. While the impact of Pump.fun's closure is uncertain, investors are eyeing more sustainable projects like the DeFi crypto exchange Lunex Network.
Higher EPS pension deadline: The EPFO is giving one last chance to the employers to upload wage details of the employees by January 31, 2025, so that 3.1 lakh pending applications can be processed. If you are EPF member or EPS pensioners who have applied for the higher EPS pension, then here is a step by step guide to track your application status.
Adani Total Gas and Mankind Pharma among 11 stocks that may lose their largecap status
The Association of Mutual Funds in India (AMFI) will announce the stock re-categorization in the first week of January 2025
GST rates on insurance: Group of Ministers submits report, Council to consider proposals on Saturday
Earlier, a proposal for rationalising GST on insurance premium was supported by the Financial Services Department and the Insurance Regulatory and Development Authorityof India
Loan against mutual funds: Interest rates of SBI, HDFC Bank, ICICI Bank, others
Investors can borrow money against their mutual fund units. This loan works like an overdraft. Interest applies only to the borrowed amount. Banks like SBI, ICICI, and HDFC offer this facility. Interest rates vary from approximately 8% to 11.5%. NBFCs also provide these loans. Borrowers can compare rates and EMIs before choosing a lender.
ICICI Bank, Infosys among top stocks sold by mutual funds in November
Mutual funds, including HDFC, SBI, Kotak, Axis, Nippon India, Quant, and ICICI Prudential, reduced their holdings in various stocks during November. HDFC decreased stakes in HDFC Bank and Tech Mahindra, while others trimmed positions in companies like Infosys, Bajaj Fin & Grasim
ET In The Classroom: Active Vs Passive Funds
Passive funds are schemes that track a benchmark index and try to mimic its performance. They include passive index funds, exchange-traded funds (ETFs), and fund of funds (FoF) that could invest in ETFs. These funds follow a benchmark and aim to deliver returns in tandem with the benchmark, subject to expense ratio and tracking errors.
RBI removes business curbs on ECL Finance and Edelweiss ARC following remedial actions
Earlier this year, the RBI had barred ECL Finance from undertaking structured wholesale transactions and restricted Edelweiss ARC from acquiring new financial assets or issuing new security receipts.
Delhi and Bengaluru lead in Indias crypto investments as Bitcoin crosses $100,000 in 2024
The report further highlights that over 36 per cent of Indias crypto investments were concentrated in the three largest metros -- Delhi, Bengaluru, and Mumbai
ICRA may revise FY25 credit growth forecast to 10.5-11%
Though the past two years have seen a sharp growth in the banking sector, there could be a slowdown in credit going ahead. ICRAs Karthik Srinivasan on what lies ahead for the banking sector
Stocks to buy: 5 stocks to watch out for an upside of up to 34.6%
Top 5 equity mid-cap funds with up to 35.68% returns in 3 years
JAM Trinity used to the hilt by banks for expanding the reach
As on December 4, banks had collectively opened 54.13 crore (this is equivalent to the entire population of Myanmar) Jan Dhan accounts, which had outstanding balances of 2,37,087 crore
What Kotak Mutual Fund bought and sold in November
As of November 2024, the fund house had an AUM of Rs 4.92 lakh crore and managed 137 mutual fund schemes. Heres a look at its buying and selling activity for the month, based on data from Prime Database.
Sebi mulls service platform for tracking inactive, unclaimed mutual fund folios
SEBI proposed MITRA, a platform developed by RTAs, to help investors find inactive and unclaimed mutual fund folios. It allows investors to search an industry-wide database, update KYC, and reduce unclaimed folios. Inactive folios are those with no investor activity for 10 years but still hold a unit balance.
Nippon India Mutual Fund: SBI, BEL among top 10 stock holdings in November
Nippon India Mutual Fund, with Rs 5.76 lakh crore AUM, has HDFC Bank as its top holding. The fund house increased its holdings in ICICI Bank, Infosys, RIL, and SBI while reducing its positions in NTPC and Reliance Industries.
Here's how you can build a resilient career amid uncertainties
Here's how you can build a resilient career amid uncertainties
AMFI Rejig: 11 midcap stocks set for upgrade, largecap threshold could hit Rs 1 lakh crore
The Association of Mutual Funds in India (AMFI) is expected to announce its semi-annual stock categorization in the first week of January. Several mid-cap stocks are anticipated to be upgraded to the large-cap segment, with the large-cap cut-off likely to be set around Rs 1 lakh crore. Based on current market-cap levels, AMFI may raise the large-cap threshold to approximately Rs 1 lakh crore, compared to Rs 84,000 crore in June 2024
FD rates revised: Up to 7.9% interest for senior citizens on fixed deposits; check full list here
Federal Bank has revised its interest rates on fixed deposits (FDs) and savings accounts, effective December 16, 2024.FD rates for general citizens range from 3% to 7.4%, while senior citizens enjoy interest rates from 3.5% to 7.9%. Read on to know more about interest rates offered on FDs of various tenures of this bank
Vote-to-earn rewards: Flockerz smashes $6 million in meme coin presale
Flockerz, a new meme coin, is gaining traction with its vote-to-earn system. This allows users to influence project decisions and earn $FLOCK tokens. The presale has surpassed $6 million, and investors are drawn to the community-driven approach and passive income opportunities. Airdrop date is yet to be announced.
Three affordable crypto coins poised for gains in 2025
The cryptocurrency market offers opportunities for small-budget investors. Wall Street Pepe (WEPE) aims to empower traders with educational resources and a VIP community. Best Wallet offers a mobile-first platform with a native token ($BEST) and upcoming debit card. Flockerz (FLOCK) prioritizes decentralization and community governance through a vote-to-earn model. All three projects are currently in their presale phases.
Invested in finfluencers' stock picks? 72% of shares failed to beat Nifty
Finfluencers stock performers: Many retail and small investors listen to financial influencers via various social media platforms such as YouTube, X, Instagram etc. and invest based on their picks and recommendations. However, many of these stock picks have failed to beat their benchmarks and largely underperformed. Read on to know what investors should do before investing.
PSBs step up hiring; SBI announces mega recruitment drive for 13,735 clerks
Expansion, retirements and attrition driving higher hiring
Income Tax Department regrets issuing erroneous notices to taxpayers: Know the details
Income tax dept sent wrong tax notice to many: The tax department has erred in sending notices to many taxpayers for defective income tax return (ITR). A defective return notice was wrongly issued on 29th Nov 2024 stating that income is offered u/s 44AD.... We regret the above erroneous communication, which was issued, for the return filed for the AY 2024-25, said the Income Tax Department.
Bajaj Allianz launches innovative motor insurance add-ons for enhanced coverage
The Eco Assure add-on allows cost-effective vehicle repairs without deductibles, using sustainably restored or new parts, along with a one-year repair guarantee, door-to-door service, and depreciation-free repairs.
How to activate inoperative Punjab National Bank (PNB) account
Rising crypto adoption: Must-watch altcoins for 2025
BSE and MCX among 19 small cap stocks from which 7 mutual funds reduced stake in November
What HDFC Mutual Fund bought and sold in November
The fund house, with an AUM of 7.97 lakh crore as of November 2024, manages 131 mutual fund schemes. Heres a look at its November trades, based on Prime Database.
Mukhyamantri Mahila Samman Yojana: Delhi Chief Minister Atishi announced the Mukhyamantri Mahila Samman Yojana last week. It is a financial assistance scheme which will provide Rs 1,000 every month to women residents of Delhi. The application process will be online and is likely to be available on the Delhi governments edistrict website.
FD interest rates up to 8.75%: This bank revises interest rates on FDs; check here
After the revision, the bank is offering interest rates between 3.50% and 8% on FDs for general citizens and 8.50% interest rates on FDs for senior citizens. The bank is offering interest rates up to 8.75% on FDs for super senior citizens (80 and above).
NPS equity funds offer up to 18% return in three years. Heres a breakup
Seven NPS fund managers offered up to 18% returns in three years, helping investors save taxes, according to Value Research.
SEBI new T+0 stock settlement: The SEBI has announced expansion of the T+0 stock settlement mechanism to now now include the top 500 stocks. Moreover SEBI has allowed stock brokers to charge differential pricing for T+0 and T+1. Read below to find out if this is going to make your mutual fund redemption process faster or increase your cost of executing a trade.
