Looking for mutual funds to invest in August? Here are 10 top picks
ETMutualFunds has shortlisted 10 equity mutual funds across five categories based on rolling returns, consistency, downside risk, outperformance and asset size for August.
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EPFO alert: Why updating your profile photo is crucial for e-nominations and PF claims
Members of the Employees’ Provident Fund Organisation (EPFO) must ensure that they upload a recent profile photo on the Unified Member Portal to complete e-nominations and facilitate online claim settlements. The profile photo is a part of an individual’s digital records and is used during the online verification process. While uploading a profile photo is…
World Bank Raises India’s FY27 Growth Forecast to 6.6%
New Delhi: The World Bank raised India’s FY27 growth forecast to 6.6% from 6.5% estimated in January, citing reduced US tariffs and the anticipated benefits of upcoming free trade agreements. These factors are expected to cushion the impact of weaker external demand stemming from the ongoing Middle East conflict. Economic growth, however, is projected to…
Gifting money to your spouse? Here’s when tax applies and who pays it
Many people assume that transferring money to their spouse who has little or no income and investing it in their name will help in reducing the family’s tax liability, but the income tax department sees through it. For example, if you gift money to your wife and she invests it in fixed deposits, mutual funds,…
GIC subsidiary and promoter Sunu Mathew lead LEAP India’s pre-IPO placement round
KKR-backed supply chain solutions provider LEAP India Ltd. completed its Rs 371.3 crore pre-IPO placement on Thursday. In consultation with the IPO’s book-running lead managers, the company privately placed 23,351,100 equity shares at an issue price of Rs 159 per share, including a premium of Rs 158. The pre-IPO placement round saw participation from Matyas…
EPF wage ceiling may rise to ₹25,000, here’s how it could boost your EPS pension and affect PF contributions
The government may be set to revise the Employees’ Provident Fund (EPF) wage ceiling for the first time in over a decade, a move that could expand retirement benefits for lakhs of salaried employees. Department of Expenditure has approved a proposal to raise the EPF wage ceiling from ₹15,000 to ₹25,000 a month, Moneycontrol reported,…
PPF investment guide: These 5 costly mistakes could reduce your returns or make you lose key benefits
Public Provident Fund (PPF) remains one of the most popular long-term savings option for Indian investors as it offer government-backed safety, tax benefits and attractive compounding over a 15-year lock in period. Many people open a PPF account early in their careers and continue contributing for decades as part of their retirement or wealth-building strategy….
