MODIFIED RETURNS
How to build a mutual fund portfolio with the right schemes
Aruna is now convinced that she wants to invest in equity mutual funds in a systematic manner. However, she does not know how to select funds to create her investment portfolio.
Big news for Kidney patients: Pig kidney successfully transplanted into a living patient
In a groundbreaking procedure at Massachusetts General Hospital, doctors successfully transplanted a pig kidney into a 62-year-old patient, marking a milestone in xenotransplantation. The recipient, Richard Slayman, expressed hope for himself and others awaiting transplants. With recent advancements, including genetic modifications in pigs, this achievement offers promise for addressing the critical shortage of organs.
Cos under recast get more time to file modified income returns
CBDT allows companies in business reorganisation to file modified returns by June 30, offering relief amidst Finance Bill 2022 implications. The decision aims to ease compliance burdens, promote tax transparency, and reduce court interventions for affected entities.
These 11 debt mutual funds offered double-digit returns in February. Take a look
These 11 debt mutual funds were from different categories. Four long-duration, three dynamic bonds, a credit risk, medium to long duration, short duration, and ultra short duration funds are featured on the list, according to ACE MF data.
Modified BJP multiplies 'Karpoori Math' into a winning formula
With the Bharat Ratna awarded to former Bihar CM Karpoori Thakur, the BJP reaffirms its dedication to the 'Karpoori math,' now steered by PM Narendra Modi. In an era of government job scarcity due to privatization, BJP's updated 'Karpoori math' involves 'labharthi politics,' primarily favoring the numerically significant Most Backward Castes (MBCs) in the Hindi heartland. This strategy aims at securing MBC votes, aligning with BJP's 'antyodaya' principle for the welfare of the underprivileged.
How to make more money: 10 smart money moves to improve your finances and grow wealth in 2024
Based on what the experts have told us, we have put together 10 smart money moves that can safeguard your finances and help you grow wealthier in the new year. We hope you will find these useful. Wishing you good health, prosperity and safety in 2024.
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Silkyara tunnel collapse: Kin anxiously wait for return of workers as rescue operation reaches final stage
Speaking to ANI, Haridwar Sharma, brother of a stranded labourer Sushil Sharma said that "This morning we talked to him through walkie talkie. During the conversation, we inquired about his well-being and my brother was also asking about the other members of the family. Everything like food, drink, clothing is being available to them inside the tunnel. I just wish that he returns safely".
Amfi asks fund houses to use standardised returns for illustrations
“SEBI had observed that some of the Asset Management Companies (AMCs) were indulging in practices relating to advertisements, which were not in compliance with letter and spirit of the provisions with the Advertisement Code prescribed in SEBI (Mutual Funds) Regulations, 1996,” said AMFI Best Practice Guidelines circular.
Time is money, but why is long-term investing going out of favour?
In recent times, one of the root causes of investors not venturing into long-term investments is that they simply do not want to do the work required to understand a business. When you invest for a few days or weeks, it’s enough to have a view on the stock price, and there is no need to know anything about the company
Making life and career choices; Avoid generic advice and prioritise as per your situation
What determines our priorities and choices? It would seem that our fears play too much on our subconscious minds, and that is what drives our attitudes and priorities. Financial freedom is the magic potion that holds the power to overcome these fears.
‘Looking only at past returns and expense ratio, you could miss the other vital aspects’
The market regulator makes it mandatory for mutual fund houses to disclose the TER of all schemes on a daily basis on their websites as well as the AMFI’s website. There are guidelines on the maximum TER a fund house can levy on its actively managed mutual fund schemes (equity-oriented and debt-oriented) and the passively managed mutual fund schemes.
View: Cryptic tax rules for cryptos
The transactions pertaining to income from transfer of virtual digital assets is required to be disclosed under the Schedule VDA in the ITR forms.
Which senior citizens are no longer required to file ITR?
Budget 2021 announced an exemption from the ITR filing process for senior citizens above a certain age. This exemption is available to senior citizens provide they satisfy certain conditions under the income tax laws. If the specified conditions are met, he/she is required to submit a declaration during the previous year (i.e. in which income is earned) to claim ITR filing exemption for the assessment year.
ITR filing: What does Taxpayer Information Summary (TIS) in Annual Information Statement contain?
The Taxpayer Information Summary (TIS), which contains significant summaries of the taxpayer's information, is a crucial element of the AIS.
Minimum assured return scheme in works; to be launched soon: PFRDA Chairman
"That is very much in the works...there we have to balance risk and return...somebody gives assurance and it will come with a cost. Like in APY, the government gives assurance and they bear the cost," PFRDA Chairman Deepak Mohanty said.
How to enhance your portfolio returns? Combine TMF with long-term income funds
This residual duration will have limited impact on interest rate volatility. However, investors in TMF should also be mindful that they will largely miss out on the duration-led capital gains that a long duration income fund has a great potential to deliver.
Why National Pension Scheme must be modified, not shelved
Advocates of NPS argue that as the pension corpus is invested, market returns will fetch a superior bargain relative to OPS. On retirement, the retiree can purchase an annuity that pays out a monthly pension. The recent stock market performance may make NPS seem like a winner. But with only about 20-24% of base salary flowing into the corpus and varied pay grades of government employees, the individual payout will likely be a mixed bag.
Kerala High Court modifies actor Vijay Babu's bail conditions, allows intra-country travel
"The petitioner's passport cannot be continuously remain surrendered," the judge stated.
Why avoiding auto-renewal of bank fixed deposits could get you better return now
Bank fixed deposits: Auto-renewal may not be the best option for investors, especially in the current scenario, when the interest rates on deposits are rising. You may be missing out on an opportunity to earn a better interest rate from your fixed deposit if you have opted for auto-renewal now. ET Wealth explains how auto-renewal of FDs works and when you could opt for it and when you could avoid it.
Year-End Special: 5 new Sebi regulations that made mutual funds more transparent in 2022
Overall, 2022 was a happening year when it came to change in existing rules and new mandates and regulations to mutual funds. There are talks about Sebi regulating financial influencers soon.
NASA returning to the Moon with mega rocket launch
The Artemis 1 mission, a test flight without astronauts, represents the first step in the US space agency's plan to build a lasting presence on the Moon and take lessons from there to prepare for a future voyage to Mars in the 2030s.
NASA returning to the Moon with mega rocket launch
NASA is banking on a successful mission after developing the SLS rocket for more than a decade. It will have invested more than $90 billion in its new lunar program by the end of 2025, according to a public audit. Artemis 2 will be almost a replay of the first mission, albeit with astronauts, in 2024. Boots on the ground should happen during Artemis 3, no sooner than 2025, with the crew set to include the first woman and first person of color on the Moon.
Am I investing in the right mutual funds?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Target Maturity Funds offer safety, liquidity, tax-efficiency
TMFs are passively managed open-ended debt mutual funds that track a benchmark bond index with a pre-defined maturity date. To understand better, you can compare these funds to traditional investment avenues such as fixed deposits (FDs).
Disciplined active bets helped ABSL Frontline Equity Fund do well in bull & bear markets: Mahesh Patil
The fund essentially follows the GARP (growth at a reasonable price) philosophy to identify companies whose long-term growth potential is greater than the industry and available at reasonable valuations adjusted for growth.
ED urges Supreme Court to 'suitably modify' Thursday PMLA order
The ED, which probes money laundering, is aggrieved with the written order of the Supreme Court on Thursday, whereby it asked the agency to respond to the petition seeking the review of a July ruling that upheld the validity of key PMLA provisions.
Indian Railways bidding rules may factor in social, development impact
Officials privy to the radical shift in bidding norms said the Modified Economic Internal Rate of Return (MEIRR) will enable the railways to gauge the economic, social and developmental aspect of a project, allowing the national transporter to take up more projects in far-flung or low density areas.
Sebi allows mutual fund houses to launch passive ELSS
The Securities and Exchange Board of India has modified the “Categorization and Rationalization of Mutual Fund Schemes” to allow fund houses to launch passive equity linked saving schemes.
AirAsia India evaluating fuel savings from using taxibot on two modified aircraft
AirAsia India is evaluating how much fuel it has been able to save by using taxibot -- an equipment which enables airplane taxing without engines running -- on two modified planes before considering to use it across the aircraft fleet, a top executive said on Sunday.
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