Browsing: July

[ad_1] Best-performing Flexi Cap Mutual Funds in 3 years (till July 21, 2023): There is a wide variance between the top and low-performing flexi cap mutual fund schemes in three years. There is a gap of around 25% in the returns of the lowest and top-performing flexi cap fund in 3 years. Data on the website of the Association of Mutual Funds in India (AMFI) at the time of writing on July 23 shows that the top-performing Flexi Cap Fund in three years has given an annualised return of 39% under the direct plan while the lowest-performing scheme has given…

[ad_1] Income Tax Return Due Date Extension for AY 2023-24 Latest News (July 21): If you haven’t filed ITR till now and waiting for an extension of the due date, here’s some bad news for you. The Government is not considering any plan to extend due date for Assessment Year 2023-24, which is July 31, 2023. There are only 10 days left before the end of the due date and more than 3.4 crore ITRs have already been filed till July 20. Latest ITR filing data As per information available on the Income Tax Return (ITR) e-filing website, more than…

[ad_1] Best-performing Small Cap Mutual Funds in 3 years (till July 19 2023): Most of the small-cap funds have given high returns to investors in three years. While the direct plan of the top-performing Small Cap scheme has given over 58% annualised returns in this duration, some low-performing small cap funds have also given over 34% annualised returns in 3 years. Data on the website of the Association of Mutual Funds in India (AMFI) at the time of writing on July 20 shows that as many as 11 Small Cap funds have given over 43% annualised returns in three years…

[ad_1] Aadhaar-PAN Link latest news (July 19): Amid concerns raised by certain NRIs/OCIs regarding their Permanent Account Numbers (PANs) becoming inoperative, the Income Tax Department has issued fresh clarifications and suggestions. According to the tax department said non-Resident Indians (NRIs) and foreign citizens whose PANs have become inoperative due to non-linking with Aadhaar should submit proof of their residential status to the jurisdictional assessing officer (JAO) for operationalising the PAN. Linking of PAN with Aadhaar is not mandatory for NRIs and OCIs who have confirmed their residential status to the tax department. However, many NRIs have complained that their PANs…

[ad_1] Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Monday’s session at record highs. The NSE Nifty 50 closed 146.95 points or 0.75% higher at 19,711.45 after making a new all-time high at 19,731.85 intraday. The BSE Sensex settled 529.03 points or 0.80% higher at 66,589.93, after hitting an all-time high of 66,656.21 intraday. In sectoral indices, Bank Nifty soared 1.41%, Nifty Financial Services gained 1.25%, Nifty IT rose 0.31% and Nifty PSU Bank surged 2.25%. The top gainers on Nifty 50 were State Bank of India (SBI), Wipro, Dr Reddy’s Laboratories, Grasim and HDFC…

[ad_1] Best-performing Tax-Saving (ELSS) Mutual Funds in 3 years (till July 14 2023): There is a wide variance in returns of tax-saving ELSS mutual fund schemes in three years. While the direct plan of the top-performing scheme has given over 40% annualised returns in this duration, some low-performing tax-saving schemes have given less than 20% annualised returns in 3 years. Data on the website of the Association of Mutual Funds in India (AMFI) at the time of writing shows that as many as 11 tax-saving funds have given over 28% annualised returns in three years under their direct plans. The…

[ad_1] Senior Citizen Fixed Deposit interest rate hike (July 20e3): Senior Citizens can get 7.6% interest on deposits of 375 days in IDBI Bank. This is a new FD scheme, named ‘Amrit Mahotsav FD’, launched by the IDBI Bank this month, effective from July 14. The special scheme will be available till August 15, 2023. For general citizens, the IDBI Bank is offering 7.1% interest on 375-day deposits in Amrit Mahotsav FD. “IDBI Bank has introduced a special bucket of ‘Amrit Mahotsav FD for 375 days’ offering a peak rate of 7.60% p.a. valid till August 15, 2023. Besides this,…

[ad_1] Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading lower on Monday, while the silver rate is down by 0.33%. On Multi Commodity Exchange, gold August futures were trading at Rs 59,187 per 10 grams, lower by Rs 129 or 0.22%. Silver September futures were trading lower by Rs 252 at Rs 75,716 per kg on MCX.  Gold prices edged lower on Monday as the dollar inched up, although investors largely bet on the U.S. Federal Reserve hitting the brakes soon on interest rate hikes, according to Reuters. Spot gold fell 0.1% to $1,952.74 per…

[ad_1] Stocks in focus: The GIFT Nifty recorded a 0.13% loss during Monday’s early trading session, with a value of 19,594 indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. Benchmark indices NSE Nifty 50 and BSE Sensex made new all-time highs and ended Friday’s trading session broadly in the green. Nifty 50 soared 150.75 points to close at 19,564.50 after making a new 52-week high of 19,595.35 intraday. “The controlled inflation in the US has instilled optimism among investors that a 25-bps rate hike would be adequate to stabilise the US economy. This improved prospect…

[ad_1] Best-performing Mid Cap Mutual Funds in 3 years ( till July 14, 2023): A majority of Mid Cap Mutual Fund schemes have performed well in three years. As per data on the website of Association of Mutual Funds in India (AMFI) at the time of writing, as many as 10 mid-cap funds have given over 34% returns under their direct plans. The regular plans of these schemes have also given over 32% returns. Data shows that direct plans of as many as 9 Mid Cap Funds have also beaten the performance of their respective benchmark indices in three years.…