Personal finance

Mutual Fund : top executives are touting the biggest myths about fund raising in India

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Mutual fund : Joint investments are often regarded as one of the best ways to invest in retail investors. They can start investing in stocks or loans through joint venture schemes at a lower rate through Systematic Investment Plans (SIPs). In addition to the benefits to investors, there are several myths associated with the product. …

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Government raises family pension for PSB employees; Employer contributions to the NPS have also increased

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Acknowledging that the family pension of bank employees is low, the government on Wednesday announced a similar increase in the 30 per cent final salary deduction. Earlier, a relative of the deceased’s PSB used to receive an average of Rs 9,284 a month as a family pension, said Finance Secretary Debasish Panda.“The fund has been …

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Conservative hybrid investments: Not the best combination of credit and equity investment

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Saving hybrid investments are not among the best types behind investors. According to Value Research, 36 savings schemes handled assets of only Rs 14,645 as of April 30, 2021. Why have investors not taken this step? Is it reasonable to invest in these programs? What is an investment combination? Conservation hybrid schemes are authorized to …

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New online tax payment system, mobile app to be introduced later: CBDT in the upcoming e-filing portal

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CBDT on Saturday said a new proposed online payment system and mobile app on its website which will be launched soon will open on June 18 as the site will be operational on Monday. A new e-filing link – www.incometax.gov.in – will replace the existing HYPERLINK “http: // www.incometaxindiaefiling.gov.in” existing – www.incometaxindiaefiling.gov.in from June 7. …

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SEBI raises the foreign investment limit to $ 1 billion

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With international diversity gaining more recognition, and the flow of investors into such programs as partnerships (MFs), the Securities and Exchange Board of India (SEBI) market regulator has now increased the overseas investment limit to $ 1 billion. Strong increase in boundariesIn November, 2020, SEBI doubled the limit to $ 600 million from $ 300 …

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