PERSONAL FUNDS
ED searches Goa-based Chowgule Group, linked persons in FEMA probe
The premises of Chowgule and Company Private Limited (CCPL), Chowgule Steamship Limited (CSL), P P Mahatme and Company, seven residential premises of members of the Chowgule family, their group CA Pradip Mahatme, ex-MD and CFO of CSL Mangesh Sawant in Goa and Mumbai were covered during the searches.
Is it a good idea to get a personal loan for travel?
IndusInd Bank's instant personal loans for travel offer competitive rates, higher loan amounts, flexible tenures, and instant approval. Manageable EMIs, an EMI calculator, and quick access for emergencies aid financing. The versatile loan covers all travel needs, improves credit scores with punctual repayments, supports last-minute plans, and ensures financial health, making vacations stress-free and memorable.
ETMarkets Smart Talk: We could see tweak in corporate & personal tax to boost consumption in Budget 2024: Samir Bahl
While the expectations on overall economic growth were unchanged, FED committee members increased their inflation forecast for 2024 and 2025 and hence in June 2024, Fed kept the interest rates unchanged at 5.50%.
Take charge of finances: How to make a personal financial bucket list to achieve all your goals
Taking control of our money lives is something many of us are unable to do. It sounds simple, but many of us do not believe we can take charge and do something about our dreams. Slipping into excuses, living in denial of our true situation, blaming the world for our unhappiness, and assigning it to bad luck are tactics that stop us from asking what we could do.
Top five features of instant loan apps that make them an ideal choice for emergencies
Access quick funds with instant loan apps like Bajaj Finserv's Insta Personal Loan, offering convenience and speed for emergencies.
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Lotus Herbals sets up $50mn fund to invest in startups
Lotus Innovation Fund is the second such fund to be set up in India. In 2022, Estee Lauder-backed New Incubation Ventures had launched a strategic early-stage investment fund with omni-channel beauty retailer Nykaa.
Deepika Padukone's 82°E to raise Rs 50 crore from Ka Enterprises, others
Deepika Padukone's 82°E startup, cofounded by Jigar Shah, aims to raise Rs 50 crore with Ka Enterprises. The brand offers skincare products and had past investments from DSG Consumer Partners and Ideo Ventures. The Indian beauty market is projected to reach $30 billion, led by celebrity brands like Anushka Sharma's Nush.
Norway wealth fund to vote against Elon Musk's $56 billion Tesla pay package
Norway's wealth fund to vote on Musk's pay and directors' re-election at Tesla's annual meeting. The fund opposes Musk's $56 billion pay package, voided for being unfair to shareholders.
Sebi launches saathi 2.0 personal finance app for investors
Sebi introduces 'Saathi 2.0': A mobile app revolutionizing personal finance by simplifying intricate concepts and offering essential tools like financial calculators, KYC procedures, mutual fund insights, stock exchange navigation, and a seamless investor grievance redressal mechanism.
Sebi launches Saa₹thi 2.0 mobile app on personal finance
The updated Saa₹thi app comes with an user-friendly interface. Its comprehensive tools are aimed at simplifying complex financial concepts. It has financial calculators, modules that introduce and explain KYC procedures, mutual funds, ETFs, buying and selling shares on stock exchanges, investor grievances redressal mechanism, and the Online Dispute Resolution platform
Charting the global economy: Europe inflation picks up before ECB meeting
Inflation in Europe rose more than expected in May, with consumer prices up 2.6% from last year, surpassing April's 2.4%.
Asia stocks gain, dollar drifts as inflation tests await
Asian stocks rose for the fourth month, while the dollar drifted lower. Investors await inflation readings from Europe and the U.S. for interest rate guidance.
Dividend income fuels surge in personal income tax: Motilal Oswal report
The transition from corporation-based dividend taxes to personal income taxes has been a major driver of the increased PIT in recent years. This shift has not only changed the tax dynamics but also underscored the substantial contribution of high-income earners to the tax pool through their dividend receipts.
Top features of personal loans and the factors to consider before getting one
All you need to know about personal loans and what you should keep in mind before opting for one.
Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
SuperKalam secures Rs 16 crore funding to boost personalised education with AI mentorship
SuperKalam has concluded a $2 million seed funding round led by YCombinator and Fundersclub with participation from YC Partner Puneet Kumar, GoodWater Capital, Nurture Ventures, SuperCapital, Pareto Ventures.
6 Travel expenses for which you can use a personal loan
Personal loans from IDFC FIRST Bank, specifically FIRSTmoney, help cover travel expenses without draining savings. FIRSTmoney's digital loans offer flexible fund access for stress-free travel planning.
Are loans against MF investments better than credit card or personal loans? Shweta Jain answers
Shweta Jain advises against impulsive borrowing, recommends loan alternatives to credit cards, and stresses timely repayment. Mutual fund loans offer lower rates, varied tenure, with caution needed on charges and provider selection, regardless of age. Against equity mutual funds, one could get 40-50% of the value. In the case of debt MFs, one can get 80-90% of the value.
What are Gen Z’s top 3 rules for investing & what are the red flags? Pranjal Kamra explains
Pranjal Kamra warns against accumulating personal loans and credit cards, emphasizing the importance of understanding asset classes, maintaining risk control, and being debt-free to avoid financial pitfalls. Kamra also says that for a beginner, it is virtually impossible to make money in categories like crypto and F&O. Either they border on gambling or they are such complex investment instruments by nature that it is not designed for a retail investor
It is time for investors to raise allocation in largecaps via active funds. Vinay Paharia explains why
“Currently we are overweight in the healthcare sector where we see lots of opportunities. We are also overweight in the telecom sector because we see the market structure supporting the listed companies and a potential for non-linear increase in profitability in many companies. We are also overweight consumer staples, predominantly the consumer retailers.”
How to manage household income
The need for personal funds arises when allocations become acrimonious. Couples have their own personal finance personalities, honed by their upbringing and attitude to money. A portion of household income, even if one spouse is not earning, allocated for personal use with no questions asked, is essential to enable assertion of one’s preferences.
Trai recommends govt funding for testing new telecom innovations as part of sandbox framework
The Telecom Regulatory Authority of India (Trai) has suggested that the government should provide funding for testing new products in the communications sector to bridge the digital divide. The regulatory sandbox framework allows entrepreneurs to test their products on live networks even without funding. However, the regulator emphasizes the need for network security and consumer protection.
No need to stagger investment; put in lump sum in some of the hybrid strategies: Lakshmi Iyer
Lakshmi Iyer suggests strategies for lump sum investments in equity and debt portfolios, emphasizing largecap skew in equity allocation. Discusses concerns about inflation, bond yields, and foreign investors anchoring bond yields. She points out that after 20 years, we are seeing the future price of copper trade about $100 higher. It is in some sort of a contango mode. The seasonality of food prices will continue to weigh on sentiments from every central banker perspective and hence the plateauing or an extended pause seems to be the way out for rates.
Zepto’s $300 million funding; Meta taps Reliance for data centre
The Mumbai-based Zepto is eyeing a valuation of around $2.5-3 billion, as against the $1.4 billion it was assigned on turning unicorn last year, sources said. This is a huge bump up amid a largely sluggish funding market even for Zepto which has been growing fast.
When Ankur Warikoo made money in penny stocks and got addicted
Ankur Warikoo shares his investing journey, advice on house buying, asset allocation strategy, views on gold vs crypto, past mistakes, and investment recommendations for youngsters in a jargon-free book 'Make Epic Money'. Warikoo also says: "Index mutual funds are an incredible way of slow money making, benefiting from compounding. "
A product for all seasons? What is NPS' appeal for millennials and Gen Zers?
Kurian Jose discusses PFRDA's initiatives to attract youth to pension products through innovative features like QR code investing. The NPS rule changes offer flexibility in withdrawals and investment options, promoting early retirement planning and long-term financial security.According to Jose: "I look at the NPS as India's answer to social security."
NPS versus retirement mutual funds: The pros and cons
Adhil Shetty, CEO & Co-Founder, discusses the benefits of NPS and retirement mutual funds for tax-saving and long-term investment. He explains their features, tax implications, and compares them based on lock-in, liquidity, and equity exposure. Both are valuable options for retirement planning.
What does it mean to exit a mutual fund and switch a fund? Mrin Agarwal explains
Mrin Agarwal advises investors to remain invested for the long term, revamp portfolios for diversification, and be cautious of the tax implications of switching funds. Even if you are switching from direct plan to regular plan, it is also treated as a redemption. It is important to understand SIP tax implications and consider the timeline and exit loads before making any changes.
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