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Multi-cap Funds – Growing acceptance driven by performance
This approach towards diversification can help to reduce the risk, as different sectors and market caps tend to perform differently at different times
Anurag JhanwarOctober 28, 2023/9:30 AM IST -
Reliance Ind net jumps 27% to Rs 17,394 cr
The group's other company Reliance Retail Venture reported a 21.04 per cent rise in its net profit to Rs 2,790 crore for the second quarter ended September 30, 2023.
Money9October 27, 2023/8:42 PM IST -
This will make reading any insurance policy extremely easy!
IRDAI's latest step to make reading features of insurance policies like premiums, room rent, what types of diseases will be covered extremely easy to understand.
Kanishka BiratOctober 27, 2023/6:18 PM IST -
56% in 8 years: Rise of average gross income of individual IT filers
The average gross total income of individual taxpayers rose 56% to touch Rs 7 lakh in assessment year (AY) 2021-22 from Rs 4.5 lakh in AY 2013-14, said Central Board of Direct Taxes (CBDT)
Money9October 27, 2023/12:52 PM IST -
Banks to allow premature withdrawal of FDs up to Rs 1cr
The Reserve Bank of India (RBI) on Thursday said that banks will have to provide premature withdrawal facility on all fixed deposits up to Rs 1 crore. At present this limit is up to Rs 15 lakh. The Reserve Bank said in a circular that after a review, it has been decided that the minimum […]
Money9October 27, 2023/9:55 AM IST -
Leap in transparency: Get alerts when FIs obtain your credit report
Lenders would have to send alerts through SMS and/or email to customers whenever they furnish information to the credit information entities on default/delay in paying loans/EMIs
Money9October 27, 2023/9:23 AM IST -
Kotak Mahindra Bank’s Diwali gift for depositors!
Kotak Mahindra Bank has hiked interest rates to as high as 7.25 per cent on fixed deposits of 23 months to less than 2 years tenure. But is 7.25 per cent currently the highest interest rate that one can get by opening an FD with any of the private banks in the country?
Kanishka BiratOctober 26, 2023/8:06 PM IST -
GoI reduces MEP on basmati rice
In a communication to export promotion body APEDA, the Union Commerce Ministry has said "it has been decided to revise the price limit for registration of contract for export of basmati rice from USD 1,200 per tonne to USD 950 per tonne."
Money9October 26, 2023/8:02 PM IST -
No loan recovery calls after 7 pm: RBI
The RBI on Thursday proposed stricter regulations for recovery of overdue loans. The norms propose that financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening. Banks and NBFCs should not outsource core management functions, including policy formulation and decision-making functions like determining compliance with […]
Money9October 26, 2023/7:15 PM IST
