- NFO Alert: LIC Mutual Fund launches multi asset allocation fundon January 21, 2025 at 10:29 am
LIC Mutual Fund has launched the LIC MF Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt, and gold. The NFO opens on January 24 and closes on February 7, aiming for long-term capital appreciation. The scheme will follow a tactical asset allocation approach, with a diversified portfolio and an investment horizon of three years or more.
- AUM of Wealth management industry to double to USD 2.3 trn in next 5 years: Reporton January 21, 2025 at 9:58 am
Demand for wealth management services in terms of assets under management (AUM) will more than double from USD 1.1 trillion in FY24 to USD 2.3 trillion by FY29, helped by shifting macroeconomic trends and rising income levels, a report said.
- Investors from smaller cities to drive growth in inflows of equity mutual funds in 2025: ICRA…on January 21, 2025 at 9:53 am
Equity mutual funds witnessed 89% growth in 2024, with inflows reaching ₹41,156 crore in December. Growth is expected to continue in 2025, driven by tech adoption, digitization, and increased investor interest in thematic sectors.
- Explained: What is up-market capture ratio in mutual fund investment?on January 21, 2025 at 9:13 am
- Consistent compounders: Top 10 equity mutual funds with over 15% returns across timeframeson January 21, 2025 at 8:47 am
Edelweiss Mid Cap Fund and HSBC Small Cap Fund delivered over 15% returns across all timeframes. Invesco India Large & Mid Cap Fund and Midcap Fund also exceeded 15% returns, consistently. Kotak Emerging Equity Fund, the second-largest midcap fund, posted 25.39%, 19.36%, 24.29%, and 17.01% returns over one, three, five, and seven years, respectively.
- What mutual fund schemes should first-timers avoid?on January 21, 2025 at 8:29 am
First-time investors should avoid lumpsum investments in high-risk funds. They should focus on hybrid funds, large-cap, or index funds with a long-term horizon of five years or more for better returns.
- Top 6 ELSS mutual funds to invest in January 2025on January 21, 2025 at 7:56 am
ETMutualFunds highlights top ELSS funds based on rolling returns, consistency, and asset size. Funds like Canara Robeco, Mirae Asset, and Quant ELSS offer solid returns, with Quant leading at 22.6%.
- SBI Nifty Bank Index Fund NFO is open for subscription. 10 things to knowon January 21, 2025 at 7:16 am
SBI Mutual Fund launches the SBI Nifty Bank Index Fund, offering passive investment in India’s top banks. With a minimum investment of Rs 5,000, it aims for long-term capital appreciation.
- Budget 2025: Equity mutual funds offer up to 39% return since last budget, international funds…on January 21, 2025 at 5:18 am
Since the last budget on July 23, international equity mutual funds have significantly outperformed domestic funds. Top returns were offered by Mirae Asset Mutual Fund’s international ETFs. Domestic mutual funds, led by Motilal Oswal Multi Cap Fund, lagged, with many funds showing negative returns during this period.
- Best banking & PSU mutual funds to invest in January 2025on January 21, 2025 at 4:24 am
Mutual fund advisors say banking & PSU debt schemes are ‘relatively’ safe because these schemes invest only in bonds and papers of banks and public sector companies. Since most of these entities are government-backed, they don’t have the credit risk.
- Alimony and Income Tax: Is ex-wife liable to pay income tax on settlement amount received from…on January 21, 2025 at 12:29 pm
Alimony tax: Did you ever wonder if alimony is taxable for the ex-wife. This is because the alimony is paid by husband after paying all the due income tax. Experts say, various court judgements said, yes ex-wife has to pay tax on alimony. However in one situation husbands have to pay income tax on alimony paid to ex-wife. Read to know more.
- Budget 2025: Higher 87A tax rebate, deduction on home loan, income tax slab and more, what experts…on January 21, 2025 at 8:31 am
Budget 2025: Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM. A strong case for linking income tax slabs with inflation makes sense now. “By linking income tax slabs to inflation, India could protect the purchasing power of its citizens, especially for the middle class.”
- Relief for more taxpayers in Vivad Se Vishwas Scheme: Govt removes these difficulties in applying…on January 21, 2025 at 3:37 am
Vivad Se Vishwas Scheme 2024: As per a new update now more taxpayers are eligible to apply for Vivad Se Vishwas Scheme and settle their pending income tax dispute cases. Under the Vivad Se Vishwas Scheme, taxpayers need to pay the disputed tax amount and then the government will cancel the litigation case and forgo all pending interest and penalty amount.
- Union Budget 2025: Will Budget 2025 bring 50K NPS related deduction u/s 80CCD(1B) to the new tax…on January 20, 2025 at 5:15 am
Union Budget 2025: NPS contributions of up to Rs 50,000 to the National Pension System (NPS) under Section 80CCD(1B) qualify for deductions only under the old tax regime, and this benefit is not available in the new regime.
- How this Pune-based marketing professional can save over Rs 10k in taxes by sticking to the old…on January 20, 2025 at 1:00 am
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
- Income tax on cash spending: These expenses will be considered as income and accordingly taxed if…on January 18, 2025 at 12:04 pm
Pay income tax on cash spends: If any liability towards unpaid expenditure is incurred by a person in a year and paid by such person in any subsequent year, any payment (or aggregate of payments) thereof exceeding Rs 10,000 in cash will be deemed to be the Profits and Gains of business or profession chargeable to income-tax as income of such subsequent year.
- Income tax benefits of NPS under both old and new tax regime for government and private sector…on January 18, 2025 at 6:42 am
List of tax benefits of NPS: The National Pension Scheme (NPS) is a prominent investment option for individuals seeking to secure their retirement while benefiting from significant tax advantages. NPS is a savings scheme designed to help both government and private sector employees plan for their retirement. Read below to know more about income tax deductions for investing in NPS.
- Employees of only 3,604 start-ups are eligible for tax relief on ESOPs: Will Budget 2025 extend…on January 17, 2025 at 5:54 am
ESOP taxation rule in Budget 2025: The Budget 2020 has amended the taxation rules for ESOPs which provided tax relief to employees. However, this tax relief currently applies to employees of 3,604 start-ups in the country. There is a need to amend the current taxation rules so that more employees can be eligible for tax relief on ESOPs.
- Big relief for GST taxpayers: Protection against arbitrary arrest and coercion by GST officers;…on January 16, 2025 at 8:06 am
GST Arrest: Now a GST registered person can’t be arbitrarily arrested and also coerced into admitting GST tax demand liability. This is because CBIC has amended the arrest and bail guidelines and now the GST officer has to give a detailed copy of the ground of arrest to the GST registered person being arrested. Experts say this will end coercion by field formations.
- ITR filing deadline: Last date to claim Section 87A tax rebate; do it now by filing revised ITR on…on January 15, 2025 at 6:18 am
Income tax deadline: The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay High Court. CBDT also issued a notification about the same. Experts suggest taxpayers to utilise this deadline to file a revised ITR to claim section 87A tax rebate if eligible. Section 87A tax rebate reduced your tax liability to nil.