New Delhi: Online investment options are rapidly changing the mutual fund industry as the share of direct plans in SIP (systematic investment plan) accounts has reached around 40 per cent from nearly 21 per cent four years ago. This change in trade shows that people are now giving more preference to investing through direct channels. … Read more
Bajaj Auto Ltd on Monday said it will need to increase its provision for deferred tax by Rs 211 crore due to the withdrawal of indexation benefit and change in the tax rate on long-term capital gains on debt mutual fund. The company invests its surplus funds into a range of asset classes, including debt … Read more
Curated By: Business Desk Last Updated: August 16, 2024, 17:35 IST This fund, last year, turned an investment of Rs 10,000 into Rs 14,819. Unlike simple interest, calculated only on the principal amount, compound interest is calculated on both the principal and the accumulated interest from previous periods. To achieve better returns on your investments, … Read more
Zhao Xuejun, chairman of Harvest Fund Management, has resigned from the mutual fund house because of the investigation, according to a statement published by the Beijing-based company on Friday. Co-chairman An Guoyong has taken over as acting chairman. “The board has made proper arrangements to keep the management, investment and research teams stable,” the mainland’s … Read more
The Liberal government plans to force the Conservatives to vote this coming week on changes to the country’s capital gains tax regime set to go into effect on June 25. A senior federal government source said Finance Minister Chrystia Freeland will start the legislative process on Monday morning. Freeland is expected to table a ways and means motion in the … Read more
Money is a many-splendoured thing. For most people, it is a reliable, and perhaps the least subjective of all indicators of success, not-so-much success, and failure. To quote the non-Marxist Groucho, “While money can’t buy happiness, it certainly lets you choose your own form of misery.”But it was while reading Swaminathan Aiyar’s column in this … Read more
Published By: Mohammad Haris Last Updated: February 11, 2024, 13:16 IST Investors flocked to large-cap oriented mutual funds with influx of Rs 1,287 crore in January, making it the highest fund infusion in 19 months, as a significant run-up in small and mid caps prompted them to book profit. This is a huge turnaround following … Read more
