Over the past decade, five small-cap mutual funds delivered annualised SIP returns above 20%, with Quant Small Cap Fund leading at 25.92%, according to Value Research. The five-year picture is different: Bandhan…
Gold prices rose across Indian cities on August 6, according to The Hindu BusinessLine. Mumbai’s 22-carat gold was priced at Rs 13,775 per gram, up Rs 265, while 24-carat gold stood at…
Interest on EPF contributions is not always tax-free for high contributors, Mint reports. If an employee’s combined annual contributions, including the employer’s 12% share and any VPF contribution, exceed Rs 2.5 lakh,…
A nominee for a bank account, mutual fund, insurance policy or other financial asset can receive or claim the money from the institution, but does not automatically own it. The final claim…
Only six of India’s 45 flexi-cap mutual fund schemes recorded a Sortino ratio above 1, according to Livemint, citing AMFI June data and Value Research calculations. Bank of India Flexi Cap Fund…
Banks’ auto-sweep service can move money above a set balance in a savings or current account into a fixed deposit, Business Today Bazaar reports. The account holder continues to keep the chosen…
The Employees’ Provident Fund Organisation may launch E-PRAAPTI by August-end to help members trace, link and claim money in old or inactive accounts through Aadhaar verification, Times Now reports. The proposed portal…
Before investing in a mutual fund, first-time investors should identify the purpose of the investment, the time available and their ability to handle market swings, Business Today Bazaar reports. Goals may include…
A global chip shortage, driven by AI infrastructure demand, is pushing smartphone prices up. Mid-range Android models from OnePlus, Xiaomi, Realme, Vivo, and Motorola have seen hikes of Rs 500 to Rs…
A monthly SIP of Rs 25,000, increased by 10% each year, can build a corpus of over Rs 10 crore in 25 years, assuming a 12% annual return, Livemint reports. Total investment…
