ETMutualFunds analyzed 261 equity mutual funds and found that some have delivered impressive returns, with up to 55% growth in the past year. The top performers include Motilal Oswal Midcap Fund, which gained 54.94%, Invesco India Focused Fund with 49.56%, and Bandhan Small Cap Fund with 49.26%. These funds stand out for their strong one-year returns.

Franklin Templeton Mutual Fund has launched the Franklin India Long Duration Fund, an open-ended debt scheme aiming to generate long-term returns by investing in debt and money market instruments with a Macaulay duration greater than seven years. The NFO is open until December 4, offering regular and direct plans. The scheme is suitable for long-term capital appreciation and income generation.

Latest 22K gold rates today: Purchasing hallmarked jewellery provides a third-party assurance of the purity of gold for the quoted price. Let's examine the prices of 22 karat gold of a few famous jewellery brands in India as of November 20, 2024.

Goods and services tax: The Maharashtra GST department has issued a circular which allows GST proper officers to conduct the GST audit procedures like its final report in GST-ADT-02 form and Notice for Discrepancy to be issued offline. However by December 31, 2024 the same notice and audit report will be uploaded on the GSTN portal.

PPFAS Mutual Fund manages an asset base of Rs 93,354 crore as of October 2024 and has around 6 mutual fund schemes.

FD premature withdrawal charges of top banks: Banks allow customers to make premature withdrawal of fixed deposits (FD), but usually with a penalty. Here is a look at the penalty charges of SBI, HDFC Bank, ICICI Bank, PNB, Canara Bank, Bank of India and Yes Bank for premature withdrawal of FD. (Information as per banks websites as on November 20, 2024).

ITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. The latest circular has reduced the time limit for applying for condonation of delay. This condonation of delay request is filed by a taxpayer to claim old income tax refunds and carry forward of losses and set off.

Mutual fund industries are experiencing rapid growth, leading to a surge in new fund offers (NFOs). Investors are advised to carefully evaluate NFOs against their investment needs and portfolio strategies. Unlike IPOs, NFOs guarantee full allotment and are priced at 10 per unit, offering a different investment avenue.

Several cryptocurrencies priced under $10, including Rexas Finance, Shiba Inu, and Cardano, are attracting investors seeking significant returns during the anticipated altcoin season. These tokens offer diverse opportunities, from real-world asset tokenization to meme-coin innovation and blockchain scalability solutions. With strong presale momentum, strategic partnerships, and growing community support, these cryptocurrencies are well-positioned for substantial growth in the coming months.

In October, eight mutual fund houses saw a decline in AUM by over Rs 1,000 crore, with 20 houses impacted overall.

The fund house had an AUM of Rs 7.84 lakh crore in October 2024, managing 132 mutual fund schemes.

ICICI Prudential Mutual Fund launched ICICI Prudential Equity Minimum Variance Fund, an open-ended equity scheme. The NFO is open from November 14 to December 2. The fund aims to generate long-term capital appreciation while minimizing portfolio volatility. It will be benchmarked against Nifty 50 TRI.

PGIM India Mutual Fund launched PGIM India Healthcare Fund, an open-ended equity scheme focused on healthcare and pharmaceutical companies. The NFO is open from November 14 to December 3. The fund aims to capitalize on India's growing healthcare sector, driven by factors like low cost, innovation, and rising health insurance awareness.

Quant Mutual Fund is seizing the opportunity presented by the Nifty50's 9% decline, increasing its investments while decreasing its cash holdings. Conversely, PPFAS Mutual Fund is accumulating cash, reaching a 19.86% cash position, to strategically deploy funds when attractive valuations arise.

Income tax relief: The income tax department has released new rules for granting condonation of delay requests in filing specified forms. These forms are used to apply for lower rate of income tax by various taxpayers like trusts, institutions, corporates, etc. Read here to know more about how to claim income tax relief.

Rexas Finance, a new platform tokenizing real-world assets, has successfully raised $8.6 million in its fifth presale stage. This achievement highlights strong investor confidence in the project's mission to democratize investment opportunities. Rexas Finance has garnered attention for its innovative approach and commitment to security, as evidenced by its recent CertiK audit and listings on CoinMarketCap and CoinGecko.

Rajeev Thakkar of PPFAS Mutual Fund argues that investors are better off sticking to diversified equity funds. He cautions against the allure of sectoral funds, which often attract investments when a sector is already performing well, leading to subpar returns.

Reserve Bank of India Governor Shaktikanta Das criticized private sector banks for their handling of customer complaints at a Mumbai conference. Das expressed concern over the misclassification of complaints as queries and urged banks to prioritize customer-centricity over profit, emphasizing ethical conduct and robust grievance redressal mechanisms.

The cryptocurrency market is on the verge of a supercycle, with several digital currencies poised for significant growth. These cryptocurrencies, including Rexas Finance, Chainlink, and Polkadot, are driven by real-world use cases, technological advancements, and strategic developments, making them promising investment opportunities for those seeking substantial returns.