For the April-June 2023 quarter, the government has raised the interest rate of Sukanya Samriddhi Yojana (SSY) by 40 basis points (bps). SSY is a special scheme designed for the benefit of […]
Sukanya Samriddhi Yojana (SSY) interest ratehiked by 40 bps for Apr-June 2023 quarter
SBI ‘AMRIT KALASH’ FD
The State Bank of India has announced the reintroduction of a retail term deposit scheme named ‘AMRIT KALASH’, which is a special program with a tenor of 400 days. Previously, the bank […]
In March, MF SIP inflows touched Rs 14K crore for the first time.
Despite market volatility, retail investors in India demonstrated increased maturity by investing a record-breaking amount of Rs 14,276 crore in mutual fund schemes through the systematic investment plan (SIP) route in March. […]
Stock market to remain shut on April 14, 2023
On April 14, 2023, in observance of Dr. Baba Saheb Ambedkar Jayanti, the stock market will be closed. This closure will encompass the equity, derivative, and SLB segments, as per the BSE […]
ICICI Pru MF launches a thematic fund focusing on innovation
NFO opens on April 10 and closes on April 24. ICICI Prudential Mutual Fund has introduced the ICICI Prudential Innovation Fund, an open-ended equity scheme that will focus mainly on investing in […]
Update: Your investments in schemes such as Public Provident Fund (PPF), National Savings Certificate (NSC), and other post office schemes will be frozen.
If you have investments in schemes like Public Provident Fund (PPF), National Savings Certificate (NSC), Senior Citizens Savings Scheme (SCSS), or any other post office scheme, it is important to ensure that […]
In terms of AUM, SBI, ICICI Prudential, and HDFC are the three leading fund houses.
According to the latest data from AMFI, SBI MF, ICICI Prudential MF, and HDFC MF remain the top three fund houses based on their quarterly average AUM. As of March 2023, SBI […]
SEBI has made changes to the time limit for disclosing the NAV of global funds.
The Securities and Exchange Board of India (SEBI), the capital markets regulator, has announced a new time limit for mutual fund schemes to disclose their net asset values (NAV) for schemes investing […]
HRA Exemption Rules
House Rent Allowance (HRA) is a component of the salary structure for most employees, but it is not fully taxable, unlike basic salary. An exemption under Section 10 (13A) of the Income-tax […]
The government intends to enable investments in Small Saving Schemes using Aadhaar instead of PAN.
According to a senior official, the Finance Ministry is planning to make it easier for a larger number of investors, particularly those from rural areas in India, to take advantage of small […]
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