LPG consumers should be aware of the latest rules governing connection transfers, refill bookings and the shift to PNG to avoid disruptions in gas supply. Here’s a look at the key guidelines that apply when moving homes, changing cities or switching to piped gas. 2 Min Read Consumers using LPG cylinders should be aware of…
The Central Board of Direct Taxes (CBDT) has directed that financial information received from foreign tax jurisdictions under the Automatic Exchange of Information (AEOI) framework be reflected in taxpayers’ Annual Information Statement (AIS) and Form 26AS. This is aimed at increasing transparency and helping taxpayers reconcile overseas financial information before filing income tax returns. The…
The West Bengal government will release 50% of the pending Dearness Relief (DR) arrears to state government pensioners and family pensioners receiving their pension through banks in the Kolkata Municipal Corporation (KMC) area, PTI reported, citing a Finance Department notification. The interim payment covers estimated DR arrears for the period from April 1, 2008, to…
Ageas Federal Life Insurance has launched the IndiGenius Fund, a new thematic equity fund available through select Unit Linked Insurance Plans (ULIPs). The new fund offer (NFO) opens on July 10, at a net asset value (NAV) of ₹10 per unit. The open-ended fund will invest in companies aligned with three long-term themes identified by…
Ahead of the income tax return (ITR) filing deadline, fintech platforms PhonePe and JioFinance have launched in-app tax filing services in partnership with TaxBuddy, expanding the range of financial services available on their platforms. Both companies are offering do-it-yourself (DIY) and expert-assisted ITR filing options, with self-filing plans starting at ₹24. The services are aimed…
New fund offers (NFOs) from mutual fund houses slowed sharply from ₹30,416 crore raised in July last year to just ₹471 crore in May, even though 13 new funds launched that month. July has brought fresh offers too, including sectoral ETFs and high-risk momentum funds. Kaustubh Belapurkar of Morningstar Investment Adviser India explained that…
Zerodha founder and CEO Nithin Kamath has reiterated the company’s commitment to offering direct mutual funds free of charge, saying the platform will continue with the model even as several peers have either exited the segment or shifted their strategy. In a post on X on July 9, Kamath said Zerodha’s pricing philosophy has remained…
Gold futures tumbled more than 13% in the second quarter – its worst since 2013. That isn’t necessarily your cue to dump the metal from your portfolio, though. Gold – a portfolio diversifier and hedge – suffered an ugly second quarter, but investors should think twice before planning to jettison the precious metal from their…
Mirae Asset Large & Midcap Fund has completed 16 years since its launch, with a ₹10,000 monthly systematic investment plan (SIP) made since inception growing to ₹96.9 lakh as of May 31, according to data released by Mirae Asset Mutual Fund. The total investment over the period would have been ₹19 lakh, translating into an…
Mirae Asset Mutual Fund has launched two new passive hybrid schemes, the Mirae Asset Nifty200 Momentum 30 Plus 8-13 yr G-Sec 50:50 ETF and the Mirae Asset Nifty 200 Momentum 30 Plus 8-13 yr G-Sec 75:25 Index Fund. According to the fund house, these are India’s first hybrid ETF and first smart beta-based hybrid index…
