The FinTech Hub
Source: Live Mint Transferring money from India to a foreign account can be cumbersome. Additionally, if the payment exceeds ₹7 lakh, tax collected at source (TCS) would be deducted, which could be claimed later. Ram felt that the whole process was too complicated for his retired parents to handle. Fortunately, a solution came from a…
Source: Live Mint Neelesh Surana, chief investment officer at Mirae Asset MF, who oversees ₹1.5 trillion in equity assets, explains how investors should navigate current market volatility, his outlook, and why the fund house is launching a small-cap fund now. Here are some excerpts from an interview. What is your outlook on the markets? The…
Source: Live Mint Top News 1/ SEBI mandates daily disclosure of the Information Ratio (IR) for equity-oriented mutual fund schemes on AMC and AMFI websites. IR measures risk-adjusted returns by comparing portfolio returns to benchmark returns, accounting for volatility. This aims to enhance transparency, aid investor decision-making, and improve scheme performance evaluation. AMFI must ensure…
Source: Live Mint If you are planning to invest in a mutual fund scheme, it is quite usual to evaluate the past returns of that scheme and compare the same with its rivals in the same category. Although past returns do not guarantee the future returns, they, however, give a sense of the scheme’s potential…
Source: Live Mint Mutual funds have come a long way; the numbers speak for themselves. systematic investment plans, or SIPs, have quadrupled in the last eight years, and monthly inflows in December 2024 crossed ₹26,000 crore for the first time. All the buzz around equities and markets continuously performing well has attracted new investors to…
Source: Live Mint Focused on managing a home loan and investing in over ten mutual fund schemes, Singh delayed signing up, opting instead for a higher in-hand salary. His decision, influenced by hopes of the old pension scheme (OPS) returning in some form, highlights the financial dilemmas faced by young government employees navigating between immediate…
Source: Live Mint The Securities and Exchange Board of India (Sebi) has unveiled a proposal for promoting financial inclusion through the “sachetisation” of mutual fund (MFs) investments. Sachetisation refers to the process of offering financial products and services in smaller, more affordable packages, making them easier to access and manage. The initiative proposes offering small-ticket…
Source: Live Mint While maintaining a positive outlook on IT, pharmaceuticals and chemical sectors, Varun Goel, Senior Fund Manager (Equity) of Mirae Asset Investment Managers says that he does not expect any major change in capital gains taxation or exemptions for mutual funds in Budget 2025. In an email interaction with Mint, he shares his views on investing in…
Source: Live Mint In 2023, Kamath stepped down as head of fixed income of the mutual fund segment to head the newly set-up alternatives business. According to a private presentation accessed by Mint, the AIF will only lend to financial services-related companies and is targeting an internal rate of return (IRR) of 11% to 14%….
Source: Live Mint At the 17th Mint BFSI Summit & Awards, Narayan outlined the regulator’s response to the frenzy in futures and options, by implementing targeted measures to curb egregious overtrading, particularly around expiry days. These steps, introduced in October 2024, aimed to address specific risks without burdening the entire F&O market with overly broad…
