Latest Saving, Investing & Mutual Fund Articles

Indian equities closed July 2024 at record highs, continuing its strong bull run since 2023.The Sensex closed July above the 80,000 level. Nifty also made record high, closing near the 25,000 mark. The rally was broad based with midcaps and small caps outperforming large caps. Nifty Midcap 150 and...

India celebrated its Independence Day on 15th August making it a proud moment for all Indians. On this occasion let us reflect on what independence means to a common man. As independent individuals, we have achieved commendable self-sufficiency in the years since India first hoisted the tricolour on 15th August 1947...

SBI Contra Fund has an enviable long term track record of wealth creation. If you started a Rs 10,000 monthly SIP in SBI Contra Fund, 10 years back, you could have accumulated Rs 39.4 lakhs, with a cumulative investment of just Rs 12 lakhs (as on 31st July 2024); XIRR of 21.82%. The fund has given strong risk adjusted...

Axis Mutual Fund has launched a New Fund Offer (NFO), an actively managed fund based on the consumption theme, Axis Consumption Fund. India is largely a domestic consumption driven economy and as per Economic Survey 2023-24, India’s private final consumption expenditure (at constant 2011-12 prices) is around 56%...

Bandhan MF has launched a New Fund Offer (NFO), the Bandhan BSE Healthcare Index Fund. As the name suggests it will be tracking the BSE Healthcare Index which provides exposure to nearly the entire listed universe of healthcare stocks. Currently, there are three index funds in the pharmaceuticals/healthcare sector...

ITI Mutual Fund has launched a New Fund Offer (NFO), ITI Large and Midcap Fund. As per SEBI's mandate, large and midcap funds must invest at least 35% of their assets in large cap stocks (top 100 stocks by market capitalization) and minimum 35% of their assets in midcap stocks (101^st to 250^th stocks by market capitalization...

The Finance Minister announced some important taxation changes for both financial and non-financial assets in the Union Budget 2024. In her Budget speech, the Finance Minister said that the purpose of making these tax changes is "simplification and rationalisation of capital gains". In this article, we will discuss the...

We need income or cash-flows to pay for our expenses, regular or unplanned. Our regular expenses include food, rent / EMI, utilities, school fees, transportation etc. Unplanned expenses can be those related to medical emergencies, repairs, replacing assets etc. How do we pay for these expenses? Salaried...

Nippon India MF has launched a new fund offer (NFO), Nippon India Nifty 500 Equal Weight Index Fund. As the name suggests, the fund tracks Nifty 500 Equal Weight Index. Nippon India MF as an asset management company (AMC) has deep expertise in passive products. The AMC has more than 30 Exchange...

Many investors have substantial amounts lying idle in their savings bank accounts – as on 14th June 2024, र 25,35,399 Crores were deployed in savings and current account. Interest on savings bank balance is currently around 3%. Savings bank interest is taxable under the head “Income from other...