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Small cap mutual funds refer to schemes which have at least 65 percent exposure to small cap stocks from mint - money

Mid cap mutual funds refer to schemes which invest a minimum of 65 percent of their assets in mid-cap stocks i.e., securities of companies that are ranked between 101 to 250 on stock markets as per market capitalisation. from mint - money

Thanks to the ongoing bull run with Sensex delivering more than 18 percent return and Nifty giving 20 percent, equity mutual funds followed suit. Here we give a lowdown on the top 10 mutual fund schemes based on the returns they delivered from mint - money

Customers can earn up to ₹3,000 cashback on a minimum spend of ₹7,500 by linking their RuPay Credit Card to a UPI application. from mint - money

A slew of finance-related changes are set to take place in the New Year. Here, we give a lowdown on some of the key changes that will follow as 2024 comes knocking. from mint - money

As the New Year rings in, the old paper-based KYC verification will be a thing of the past. from mint - money

List of Indian banks that hiked interest rates on fixed deposits in December 2023 from mint - money

We highlights several songs that convey lessons about money, such as The Beatles' 'Money Can't Buy Me Love' and Cardi B's. It emphasizes the importance of being cautious with investments and trusting others when it comes to money. from mint - money

The percentage of savings allocated to retirement has decreased from 45% in 2022 to 38% in 2023, due to escalating expenses. Women are more likely to redirect retirement savings towards other financial goals, with only 34.3% currently saving for retirement compared to 40.1% of men. from mint - money

Value fund refers to a mutual fund that follows value investment strategy with a minimum of 65 percent investment in equity. from mint - money

During the period April-November 2023, SIP contributions stood at ₹1,24,313 crore, almost 24 percent higher as compared to ₹1,00,581 crore recorded during April-November 2022 period. from mint - money

Experts say there is a need to further simplify the accreditation process for such investors. from mint - money

The recent surge in gold prices is reshaping the dynamics of gold loans, leading lenders to reevaluate collateral and borrowers to strategize their loan repayment or retention. from mint - money

The Indian stock market's bull run in 2023 boosted investor confidence, leading them to explore alternative investment avenues like NFOs. from mint - money

There are a number of ways through which you can expand your medical insurance cover: by expanding the policy size, covering it for critical illness, taking a super top up plan. from mint - money

On Dec 31 last year, total asset size of mutual fund industry stood at ₹39.88 lakh crore. It spiked to ₹49.05 lakh crore by Nov 30, 2023, signifying a jump of 23 percent in the first eleven months from mint - money

Prepare for the New Year by reviewing and enhancing your credit score through timely payments and a balanced credit mix. Additionally, prioritize financial planning by setting goals, managing expenses, and securing your future through smart investments and insurance. from mint - money

The rule of 72 serves as a useful tool to estimate the time it takes for your investment to double, relying on the annual interest rate. While not a precise science, it provides a rapid and straightforward method to obtain a rough estimate in different situations. from mint - money

Axis Bank revises fixed deposit interest rates for amounts below ₹2 crore, offering rates of 3.50-7.10% p.a. on term deposits maturing in seven days to ten years from mint - money

AU Bank's new Zenith Plus Credit Card is designed for frequent travellers and high-spending individuals. With a joining fee of ₹4999 plus taxes, the card offers rewards on dining, international, and travel expenses. from mint - money

Learn how to file a bike insurance claim after cyclone damage with this comprehensive guide tailored to assist those affected by recent storms. from mint - money

Investment portfolio rebalancing at regular intervals helps you maintain your asset allocation ratio and manage risks better. from mint - money

The small-cap segment offers lucrative investment opportunities but is prone to significant fluctuations and risks, necessitating strategic and cautious approaches for investors. from mint - money

The Income Tax Department has notified ITR forms 1 and 4 for the assessment year 2024-25, allowing individuals and entities with an annual total income of up to ₹50 lakh to file their returns from mint - money

An investment of ₹1 lakh in Quant Active Fund would have grown to ₹8 lakh in ten years’ time. A similar amount of investment in Invesco India Multicap Fund would have fetched a return of ₹5.40 lakh in 10 years from mint - money

Most small finance banks offer an interest of 8-9 percent per annum on their long duration fixed deposits. Utkarsh Small Bank offers 9.10 percent on term deposits of 2-3 years tenure to senior citizens from mint - money

The proposed insurance product Bima Vistaar, will cover risk against life, health, and property cover from mint - money

A home loan is among the cheapest loans available, but the final amount an individual ends up paying for a home could be double what was borrowed from mint - money

Bruce Flatt promotes contrarianism in investing, advising individuals to diverge from popular trends. Despite requiring extensive research, scrutiny, and patience, seasoned investors like Flatt consider this approach to be frequently lucrative in the realm of investing. from mint - money

In a post recently shared on X platform (formerly Twitter), the Income Tax (I-T) department has announced that the Board has notified ITR forms 1 and 4. from mint - money

Broader market indices have delivered 16 to 17 percent return this calendar year alone. Wealth advisors advise investors to be careful and whittle down exposure to highly risky assets even if it means redeeming some of the investment from mint - money

Dunki highlights the struggles of illegal immigrants, emphasizing the importance of careful planning and avoiding scams when traveling abroad for studying, tourism, or emigration. from mint - money

The average one-year returns given by large cap funds stood at 16.15 percent, mid cap funds delivered 30.77 percent return, while the small cap funds delivered 34.29 percent return in the past one year, shows the Morning Star data of ‘category performance’ from mint - money

Waiver of premium is a key rider that one can buy with a unit linked insurance plan (ULIP) to ensure that the policy does not lapse for non-payment of premium from mint - money

The Nifty Smallcap250 Quality 50 Index tracks the top 50 high-quality small-cap stocks in India, offering potential higher returns but comes with risks like volatility and lower liquidity, accessible through mutual funds or ETFs, requiring thorough investor research before investment. from mint - money

We elaborate six key reasons for which writing a ‘will’ is not only vital but highly recommended. from mint - money

Senior citizens, dependent on investment income, have much on the line. Although SGBs have yielded substantial returns in the past, it's essential to weigh factors such as the lock-in period, potential sluggish growth, and the prospect of lower returns before opting to invest in them. from mint - money

In the intricate and confusing jungle of misinformation and obscure puzzles that characterize the realm of investment, the straightforward personal finance principles articulated by JL Collins act as a beacon for those who find investing needlessly complicated. from mint - money

We have hand-picked 20 mutual funds for your portfolio that have jumped through hoops of good returns, low risks, good portfolio hygiene and our own qualitative returns. We have restricted the choice to 10 categories out of the total 37 and given you at least two options to pick from each. from mint - money

Many small private banks and SFBs are, indeed, providing noticeably higher interest rates on savings accounts in comparison to prominent private and public sector banks. from mint - money

Changes coming into effect from January 1, 2024 include providing a choice of nomination for Demat account holders, deactivating inactive UPI IDs, signing a new agreement for bank lockers, and eliminating paper-based KYC for SIM cards from mint - money

The article highlights goal-based and age-based investing approaches, emphasizing the importance of asset allocation and the relevance of goal-oriented financial planning. from mint - money

SIP contribution in mutual funds reached ₹1,66,131 crore in the first 11 months ending Nov 30, 2023 witnessing 22.23 percent increase from previous year’s contribution for the corresponding period. from mint - money

As the repo rate skyrocketed from 4% to 6.5% over the last 20 months, the debt burdens of home loan borrowers ballooned, as EMIs increased and loan tenures extended, sometimes well beyond retirement age from mint - money

The RBI has enforced a phased renewal procedure for bank locker agreements to be completed by Dec 31 of this year. Account holders who have submitted a bank locker agreement on or before Dec 31, 2022, are required to endorse a revised agreement and submit it to their respective bank branches. from mint - money

But before you set out to buy a property, there are certain things to be careful about. We list out seven key factors that one should make note of from mint - money

Investors are attracted to sectoral/thematic funds due to their attractive returns, with PSU thematic funds ranking high in terms of returns. from mint - money

Non-resident Indians (NRIs) aged 18 to 60 can invest in India's National Pension Scheme (NPS) by adhering to KYC norms. The NRIs can make contributions to NPS from their NRO/NRE account from mint - money

To maximise your tax savings, make the most of deductions available under Section 80C for investments, 80D for health insurance premiums, Section 24 for home loan interest, and Section 80CCD for NPS contributions. from mint - money

The valuation of these bonds is established by calculating the straightforward average of the closing price of gold with 999 purity, as per India Bullion and Jewellers Association (IBJA). from mint - money

The article highlights the need for foundational knowledge, thorough research, diversification, continuous learning, and patience in tech investments. from mint - money

The significant rise in life expectancy in India from 1950 to 2022 emphasizes healthcare and quality of life advancements. This underscores the critical need for comprehensive retirement planning, extending beyond finances to address post-retirement life holistically. from mint - money

Reliance General Insurance reveals an innovative healthcare solution, ensuring extensive coverage, substantial sum insured, and global treatment opportunities transcending borders. from mint - money

Canara HSBC Life Insurance introduces a plan aimed at realizing policyholders’ financial aspirations and achieving significant milestones, all while securing the future of their loved ones. from mint - money

Revolutionizing digital payments in India, UPI has provided convenience and security for millions of users. Nevertheless, the increased popularity has drawn the attention of fraudsters, underscoring the importance of widespread awareness regarding the associated risks and protective measures. from mint - money

Through the GetSetUp subscription, Kotak Grand customers can engage in a variety of experiences related to lifelong learning, facilitated by interactive and compelling classes. from mint - money

SGB 2023-24 Series III will be available for subscription from December 18 to December 22, with issuance on December 28. The issue price, based on the average closing price of gold, is yet to be announced by the RBI. from mint - money

December 31 is the deadline to add nominee to your mutual fund and demat account. Here is the step-by-step process for adding a nominee from mint - money

State Bank of India raises interest rates by 5 to 10 basis points on most loan tenures, effective from today. from mint - money

The Reserve Bank of India (RBI) has kept the repo rate unchanged for the fifth time in a row at 6.5%. The US Federal Reserve also kept key interest rates steady and predicts three rate cuts next year. Interest rates on FDs are influenced by changes in the repo rate from mint - money

Insurance fraud in India has seen a significant increase, particularly in life and health insurance, due to factors such as digitization and weakened control measures. Insurers need to address fraud risk management with a technology-driven approach to protect their financial integrity. from mint - money

Have unclaimed money in FD, RD, or savings account? How to claim these deposits from banks explained here from mint - money

The RBI has implemented new rules for safe deposit lockers, requiring customers to sign a new agreement and maintain rental payments. Compliance deadline is December 31, 2023. from mint - money

Three out of ten individuals do not purchase health insurance due to the high premiums associated with it, survey reveals from mint - money

The benefit of the deduction for interest and repayment of home loans is available only if you opt for the old tax regime from mint - money

Taxpayers who haven't filed their income tax returns for FY 2022-2023 must file by December 31, 2023 to avoid penalties and interest charges. from mint - money

Bandhan Mutual Fund announced the launch of the Bandhan Nifty Smallcap 250 Index Fund. The scheme opened for public subscription on December 12, 2023, and will close on December 19, 2023. from mint - money

Minor financial missteps have the potential to plunge individuals into significant economic challenges. Despite the impact of inflation causing financial difficulties for many, implementing slight adjustments can contribute to securing long-term financial stability. from mint - money

Healthcare costs are rising, making adequate health insurance essential. Choose a health cover size that fits your individual needs and circumstances. Remember, it's not a one-size-fits-all approach - personalize your coverage for optimal protection. from mint - money

Entering into matrimony should not be burdened with the additional weight of an unnecessary personal loan. Nonetheless, if you require funds for your wedding, carefully evaluate the advantages and disadvantages of obtaining a loan for such purposes. from mint - money

Bank of India has introduced Nari Shakti Savings Account, designed for women with independent income. Here are its features and benefits from mint - money

A loan for longer may mean smaller EMIs, which makes the car seem more affordable, but overall, you pay more as interest from mint - money

Prepaying your home loan and investing your money can both serve as effective financial strategies, contingent upon your specific circumstances and objectives. from mint - money

Unlike typical keyman policies, these come with a savings plan and the maturity benefit is given to employees from mint - money

If you aren’t already following these principles, 2024 might be a good starting point from mint - money

Nassim Nicholas Taleb, widely recognized for successful investing, holds unconventional perspectives on investing and risk management. His strategies propose a highly cautious stance on undertaking risk before seeking returns on invested funds. from mint - money

The joy of discovering a life partner should not overshadow the pitfalls of indulging in excessive shopping through credit cards. Despite the plethora of credit card offers, it's crucial to reflect on whether using a credit card for everyday purchases is the right choice for you. from mint - money

Sovereign Gold Bond: The SGB 2023-24 Series IV will be open for subscription from February 12 - February 16, 2024 from mint - money

Banks like HDFC Bank, American Express, Axis Bank, etc. allow you to transfer credit card reward points to hotel loyalty programs like Marriott Bonvoy, ALL, Club ITC, etc. You can further use hotel loyalty points for free hotel stays during your vacation. from mint - money

The Netflix film ‘The Archies’ intertwines financial wisdom into a nostalgic narrative, illustrating lessons on savings, investments, and navigating change, all within the beloved backdrop of Riverdale and its endearing characters. from mint - money

Small and mid-cap schemes continue to attract investor interest, amidst overall drop in equity fund inflows. from mint - money

Favourable economic indicators and a steady interest rate environment have the potential to draw investments into the banking sector, fostering additional growth and advancement. With the anticipation of interest rates remaining stable, heightened interest is expected in the housing loan sector. from mint - money

Consumer spending in India is increasing, with 58% of families reporting higher spending and 46% feeling financially secure. from mint - money

Income tax on pension: As per the income tax laws, any money or benefit received in connection with your employment present and past is taxed under the head salaries from mint - money

The financial burden associated with cancer care can exacerbate the emotional strain on families, adding a layer of stress and worry. A good life insurance plan provides financial security and peace of mind in uncertain times. from mint - money

The medium-term outlook for equity markets is not positive due to various domestic and global factors. However, there are opportunities for savvy investors to tidy up their finances and take advantage of market corrections. from mint - money

Muskaan stands as a specialised health insurance offering dedicated support to domestic workers, providing them with effortless access to comprehensive coverage for medical needs and assistance in the event of an accident. from mint - money

Apart from ICICI, HDFC Bank, Bank of India, Federal Bank too have revised rates on fixed deposits from mint - money

Investors who have booked profits on listing gains will be liable to pay a short-term capital gains tax of 15%, said Nirav R Karkera (Head - Research, Fisdom) from mint - money

The exemption in respect of long-term capital gains on the sale of a residential house held for 2 years or more can be claimed if the indexed long-term capital gains are invested for the purchase of another residential house within two years from the sale of the original property. from mint - money

Subsidies on EV reduce its upfront cost. There is no registration fee and road tax either from mint - money

The desire for financial security is rapidly expanding, as indicated by the findings of Hunch’s survey. The results revealed that an impressive 34.4 percent of Generation Z individuals identified achieving financial success as their main bucket list goal. from mint - money

Pradhan Mantri Jan Dhan Yojana (PMJDY) 2023: This scheme has been introduced to include all classes of the society of the people of India in financial services from mint - money

Let us decode the five most common online payment scams in India that you must know from mint - money

The central message at PPFAS Mutual Fund’s annual unitholders meeting, despite its stellar returns, was to temper expectations from mint - money

Tata Neu HDFC Bank Infinity Credit Card and Tata Neu HDFC Plus Credit Card have been launched by HDFC Bank in collaboration with Tata Neu, offering diverse rewards and benefits for customers. from mint - money

PFRDA's new circular allows NPS subscribers to evaluate and choose fund managers based on past performance and long-term potential from mint - money

Find out the answers to how much ‘should’ I invest and how much ‘can’ I invest from mint - money

Choosing the appropriate mutual fund scheme(s) for your investments is a question subject to much debate, with no singular answer. To address this query, investors need to be open to contemplating a myriad of factors that influence investment decisions. from mint - money

Mutual funds remain the preferred investment option among Indians, followed by fixed deposits. Nonetheless, a significant majority still favors storing their funds in savings bank accounts. from mint - money

Animal is about a man who seeks revenge for his father's death, while Sam Bahadur is a film about the life of Field Marshal Manekshaw. The two films offer different lessons about inheritance and investing. from mint - money

While doing your year-end financial planning review, adopt budgeting, maintain an emergency fund, buy life and health insurance, follow goal planning, do tax planning, and make a will. from mint - money

The escalating healthcare expenses in India are becoming unaffordable for numerous workers, prompting a call for employers to enhance their assistance towards employees' health and overall welfare. from mint - money

ICICI Bank has integrated its RuPay credit cards with UPI transactions, allowing customers to link their cards and make payments online and offline. Here are the steps to link your RuPay credit card with UPI on iMobile Pay from mint - money