Finance Minister, Nirmala Sitharaman presented the last full-year budget under the Modi Government 2.0 today which has brought a smile to citizens’ faces. After two disappointing budgets for the common men of the country, this budget has finally something to offer them. Here are the key provisions of the budget – From April 2023 people […] Read More
With the rising interest rates, investors’ appetite for fixed-income instruments has increased. And one of the fixed income instruments is the floating rate bond. On December 30, RBI increased the coupon rate of the Floating Rate Savings Bond, 2020 (Taxable) to 7.35% from 7.15% after the increase in interest rate of the National Savings Certificate […] Read More
Fund houses with an active tax-saving Equity Linked Saving Scheme (ELSS) can launch passive ELSS funds if they suspend new investment into the active programme. ELSS are tax-saving mutual funds that need to invest a minimum of 80% in equities. It has a minimum lock-in period of three years and can be used to reduce […] Read More
It’s a new year, and that means it’s time to start making plans for our financial future. As we look ahead into 2023, there are many smart money moves we can make to shore up our finances and ensure long-term success in the years ahead. If you’re ready to get serious about your goals, this […] Read More
In the last few weeks, you might have heard of two mutual fund houses being acquired by another company. And, as an investor, you might wonder if these acquisitions affect you as an investor It depends on the firm that is acquiring the fund house. Let us look at two recent activities. Bandhan Bank taking […] Read More
In the last one year, when the market stayed at the same levels, a few funds like Nippon PSU Bank BeES, quant Quantamental, quant ESG Equity, CPSE ETF, ICICI Prudential Infrastructure Fund have outperformed the index. However, we don’t believe in looking at funds from a year’s performance point of view, this is relevant when […] Read More
In a move that is seen as a big win for investors, the Securities and Exchange Board of India (SEBI), to ensure that investors’ money is not lying idle with brokerages, directed a mandatory rule. Under the new directive, if any money remains unutilized in a client’s account for more than 45 days, it will […] Read More
Let us see the meaning of repo rate, reverse repo and bank rate. The Reserve Bank of India serves as a lender of last resort to commercial banks, offering short-term loans during fund shortages. It also helps to maintain liquidity. The repo rate is the interest rate charged by the central bank when lending short-term […] Read More
Here are the things you should keep in mind before investing in the LIC IPO. It will be the first time that the insurance giant Life Insurance Corporation (LIC) of India has gone public. LIC IPO opened today on 4th May 2022. The Government of India has set the LIC IPO price range at 902 […] Read More
The twin moves, which shocked markets, will have implications for fixed income products On a day the LIC IPO opened to collect a record Rs 21,000 crore for the government, the central bank’s monetary policy committee (MPC) threw a surprise and raised the key lending rate by 40 basis points citing persistent inflationary pressures. This […] Read More
