3 min read Last Updated : Feb 20 2023 | 11:20 PM IST Retirement fund body EPFO on Monday came out with a procedure to enable subscribers and their employers to jointly apply for higher pension under Employees’ Pension Scheme (EPS). Earlier in November 2022, the Supreme Court …
Read More »Equity MF inflows fall 16% in April; smallcap and debt schemes back in demand
The inflows in equity mutual funds dropped by approximately 16% in April, shows data released by Amfi on Thursday. The inflows in April stood at Rs 18,917.09 crore as against Rs 22,633.15 crore in March. In a new feat, the monthly SIP data has crossed the Rs 20,000 crore mark …
Read More »Akshaya Tritiya 2024: Why do people buy gold on this auspicious day?
This year, Akshaya Tritiya is on May 10 (Friday). Hindus consider it an auspicious day, and so buy metals such as gold and silver. However, not many people are aware of why it is considered auspicious to buy gold or other precious metals on this occasion. The word Akshaya Tritiya …
Read More »Axis Bank stops redemption of credit card reward points earned by these customers; asks for proof of usages
Axis Bank has suspended the reward points redemption for some of its Atlas credit card users. The bank claims that it suspects these credit card users carried out ‘commercial usage’. One of the affected customers Priyesh Sharma speaking exclusively to ET Wealth Online alleged that, “Axis bank had provided no …
Read More »SBI Mutual Fund launches dividend yield fund, NFO open till March 6
1 min read Last Updated : Feb 20 2023 | 9:07 PM IST SBI Mutual Fund has launched a dividend yield fund, which will invest in equities of dividend yielding companies. The open-ended scheme will aim to generate returns through both — capital appreciation and dividend distribution. The …
Read More »santrupt misra: Odisha’s richest Lok Sabha election candidate owns 59 mutual fund schemes
Santrupt Misra, a Biju Janata Dal (BJD) candidate and former HR head of Aditya Birla Group filed his nomination papers from the Cuttack Lok Sabha Seat for the 2024 Lok Sabha elections. His affidavit shows that Mistra has investments in 59 mutual fund schemes. The former HR head of Aditya …
Read More »Google Wallet launched in India: step-by-step guide on how to use it, how it is different from Google Pay explained
Google has launched its digital wallet – Google Wallet in India. Individuals can download it on their Android smartphones to access it. However, do note Google Wallet and Google Pay are two separate applications with different features and use cases. What is Google Wallet and how does it work? Google …
Read More »Those serious about retirement aren’t attracted to NPS tax benefits: Santosh Agrawal, Policybazaar
While retaining its sharp focus on term plans, Policybazaar is now looking to sell annuity products without much concern for competition from the NPS, Santosh Agrawal, CBO, Life Insurance, Policybazaar tells ET Wealth. What do you think of Irdai’s proposal on increase in surrender charges? It’s a customer-friendly move, but …
Read More »How can employees opt for higher pension under EPS?
2 min read Last Updated : Feb 21 2023 | 2:59 PM IST The Employees Provident Fund Organisation (EPFO) has recently come out with a procedure to allow subscribers and their employers to jointly apply for a higher pension under the Employees’ Pension Scheme (EPS). This is in compliance …
Read More »DCB Bank, Engineers India among 10 companies that saw highest drop in MF holdings in March – Taking Stock
May 08, 2024, 04:40:39 PM IST According to Prime Database, around 10 companies saw the highest decrease in mutual fund (MF) holdings in March. Here is the list. ETMarkets.com MF holdings in Tracxn Technologies decreased by 7.71% in March to 4.32% against 12.03% in December. Agencies MF holding in Wheel …
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