The FinTech Hub
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…
Source: Business Standard Additionally, large-cap funds saw drop in inflows to Rs 1,769 crore. 2 min read Last Updated : Oct 10 2024 | 4:01 PM IST Equity mutual funds attracted Rs 34,419 crore in September, marking a decline of 10 per cent from the preceding month, on a sharp slump in inflow in…
Source: Live Mint Cases involving prominent fund houses like Axis Mutual Fund and Quant Mutual Fund have grabbed headlines recently for their links to these cases. The regulator, which is using cutting-edge technology and has expanded surveillance, saw its investigations triple to 83 in the last fiscal year compared to FY23. Mint explains Sebi’s growing…
Source: Business Standard Illustration: Binay Sinha 3 min read Last Updated : Sep 30 2024 | 1:50 PM IST ICICI Prudential Mutual Fund on Monday launched two new investment products aimed at value-conscious investors: the ICICI Prudential Nifty200 Value 30 ETF and the ICICI Prudential Nifty200 Value 30 Index Fund. The new offerings will…
