Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
With the festive season around the corner, mutual funds are making strategic portfolio adjustments to maximize returns. The total assets under management (AUM) of India’s mutual fund industry have climbed to Rs 67.1 lakh crore by September 2024, reflecting growing investor confidence. Equity mutual funds, a popular investment avenue, offer stability and diversification compared to direct stock market investments. Fund managers continuously assess market trends, adjusting portfolios by adding or removing stocks and reallocating investments across sectors. Here’s a closer look at how mutual funds positioned themselves ahead of Diwali and the sectors seeing the most action. AUM Growth Driven…
India’s largest mutual fund house, SBI Mutual Fund, has launched a new investment option—SBI Nifty India Consumption Index Fund. This New Fund Offer (NFO) opens for public subscription from October 16th to October 25th, 2024. The open-ended equity scheme will track the Nifty India Consumption Index, allowing investors to tap into India’s booming consumption sector. Investment Details and Options Investors looking to participate in this NFO can do so with a minimum investment of Rs 5,000, and subsequent investments can be made in multiples of Re 1. Additionally, investors have the flexibility to contribute via SIP (Systematic Investment Plan) on…
In a significant development for millions of taxpayers, the Income Tax Department is planning to launch a new e-filing system, called IEC 3.0, which promises to make income tax return (ITR) filing faster and more efficient. According to reports, this upgraded system will replace the current Integrated e-Filing and Centralized Processing Center (IEC) 2.0, which has faced several technical issues in the past. The aim is to provide a smoother experience for taxpayers and faster processing of refunds. What is the IEC Project? The IEC project is an e-filing platform that allows taxpayers to file their income tax returns online,…
In a shocking development, Bengaluru Police arrested eight individuals, including an Axis Bank manager and three sales officers, for their involvement in a massive Rs. 97 crore stock-market fraud. The scam promised investors huge returns through stock market investments, luring them into the fraudulent scheme. The arrests were made after a detailed investigation revealed fake transactions conducted through bank accounts opened with the help of bank employees. The Fraud Unveiled: 254 Cases Registered Bengaluru’s cyber crime police uncovered a large-scale fraud involving the manipulation of banking systems to scam unsuspecting investors. According to the police, 254 cases related to this…
As election fever rises, the government is taking strict measures to ensure that the election process remains fair and transparent. In Jharkhand, the Income Tax Department is now paying close attention to large cash withdrawals, specifically any withdrawal exceeding Rs. 1 lakh from banks. This move is part of the broader strategy to control election-related expenses and prevent misuse of funds during the election period. Election Commission’s Monitoring Mechanism To ensure that elections are conducted fairly, the Election Commission has introduced several monitoring measures. These include not only keeping an eye on cash withdrawals but also focusing on alcohol distribution…
Bank fixed deposits (FDs) are a popular choice for people looking for safe investments with guaranteed returns. However, the returns on FDs are often lower and can seem weaker when inflation is considered. While equity mutual funds provide higher returns, not everyone is comfortable with the risks involved in stock market investments. For investors looking for lower risk and better returns than FDs, debt funds are a great option. One such standout is the HDFC Long Duration Debt Fund, which has delivered strong returns while maintaining a moderate risk profile. Outstanding Performance of HDFC Long Duration Debt Fund HDFC Long…
Mutual funds are gaining popularity among Indian investors, especially those who want a safer alternative to direct stock market investments. Blue chip mutual funds, in particular, are attracting a lot of attention because of their reliable returns and lower risk. These funds invest in well-established large-cap companies, making them a stable investment option for the long term. Let’s dive deeper into blue chip mutual funds and explore the top-performing ones that have doubled or more in value over five years. What Are Blue Chip Mutual Funds? Blue chip mutual funds are essentially large-cap mutual funds that invest in established companies…
Equity mutual funds are often seen as a way to build wealth over time, especially with long-term investments. The power of compounding, combined with a disciplined Systematic Investment Plan (SIP), has the potential to generate significant returns. But while many funds can deliver impressive growth, not all funds perform well consistently over a decade. Here, we take a closer look at five equity mutual funds that lagged behind in delivering returns over 10 years. Despite being among popular choices for long-term wealth creation, these funds offered modest returns in comparison to higher-performing equity funds, sometimes only slightly outpacing debt funds.…
Prime Minister Narendra Modi inaugurated the International Telecommunication Union-World Telecommunication Standardization Assembly (ITU-WTSA 2024) and the 8th India Mobile Congress 2024 at Bharat Mandapam, Pragati Maidan, Delhi. The event marks a significant milestone as it’s the first time that ITU-WTSA is being held in the Asia-Pacific region, with India taking the lead in hosting. The event is bringing together more than 3,000 industry leaders, policymakers, and technical experts from 190+ countries, along with 400 exhibitors and 900 startups. During his speech, PM Modi shared his vision for India’s telecom sector, reflecting on how the nation is revolutionizing digital connectivity while…
Even with impressive returns over the last five years, the Equity Linked Savings Scheme (ELSS) category is witnessing a strange trend. Data from the Association of Mutual Funds in India (AMFI) shows that between April and September 2024, the net flow of investments in ELSS funds has been negative. Investors have pulled out Rs 2,030.89 crore from ELSS during this period, withdrawing more than they invested. A key reason behind this shift is the growing adoption of the new tax regime, which does not offer any tax benefits for ELSS investments. As a result, many investors are turning away from…