The FinTech Hub
Source: Live Mint As we are geared to enter the year 2025, the mutual fund industry is seen promising and shows no signs of slowing down. The growth of the overall asset size in the mutual fund industry has been quite impressive, particularly in the equity space. Over the past decade, retail investors have moved…
Source: Live Mint Prior to investing in a mutual fund scheme, it is worthwhile to examine the paste returns of that scheme in relation to other schemes in the same category. Although past returns do not a scheme’s future returns, these are still important for understanding the future investment potential of a scheme. Other factors…
Source: Live Mint India’s deep-rooted love affair with gold dates back centuries. In the bygone era ofrajas andmaharajas, gold coins were bestowed as rewards, andasharfis were used to trade for commodities. Even today, gold remains more than just an investment asset class; it is deeply ingrained in India’s cultural fabric and every auspicious occasion, from…
Source: Live Mint My husband and I earn ₹20 lakh every year and invest ₹40,000 every month through a systematic investment plan (SIP), which I started two months ago. At present, I have ₹3 lakh in direct stocks and some amount invested in gold. We want to accumulate a down payment of ₹1 crore after…
Source: Live Mint I want to send money to my son in the US under the Liberalised Remittance Scheme (LRS). I understand that tax collected at source (TCS) has to be paid on each transaction. How can I reclaim this amount? —Name withheld on request It is assumed that you qualify as a resident in…
Source: Live Mint Stock Market Today: Reliance Power, Angel One and Muthoot Finance were among 17 stocks that mutual funds completely exited in October, suggested a report by Nuvama Alternative & Quantitative Research. Among other companies that mutual funds exited include The Ramco Cement, Crompton Greaves Consumer, Natco Pharma, City Union Bank, Gujarat Gas, Havells,…
Source: Live Mint Nitin Sawant, founder of NS Wealth, a Sebi-registered investment advisory firm, secured final approval from the Reserve Bank of India (RBI) on 28 October to launch an account aggregator (AA) platform under his new venture, OMS Fintech Account Aggregator. This initiative aims to provide a consumer-focused AA service. Sawant, who began his…
Source: Live Mint If you are planning to invest in mutual funds anytime soon then remember that Diwali is a good time to make a new beginning. There are a number of market veterans who may advise you against investing at the current valuations which are arguably quite steep. Nifty50’s current P/E (price/earnings) ratio is…
Source: Business Standard Illustration by Binay Sinha 5 min read Last Updated : Oct 16 2024 | 2:53 PM IST Shares of capital market-related sectors like asset management companies (AMCs) and broking firms are on a roll as they rallied up to 15 per cent on the BSE in Wednesday’s intra-day trade in otherwise…
Source: Business Standard 4 min read Last Updated : Oct 15 2024 | 12:57 PM IST HDFC AMC share price: HDFC Asset Management Company (AMC) share price hit a record high of Rs 4,573.85, gaining 2 per cent on the BSE in Tuesday’s intraday trade. HDFC AMC shares were trading higher in an otherwise…
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