‘Fun funds’ are flowing directly into creative, out-of-the-box immersive, memory-making experiences such as niche art exhibitions, specialized workshops, unique hobbies, and more.
The Nifty Bank index rose more than 400 points on Monday as sharp gains in heavyweights HDFC Bank, IndusInd Bank and ICICI Bank outweighed a nearly 4% crash in Kotak Mahindra Bank shares after Q1 business updates. The Nifty Bank index rose to 58,376, gaining nearly 1%. The index snapped a two-session losing streak today….
In the current economic environment, investors across India are turning to predictable, secure government-backed savings schemes such as the Public Provident Fund (PPF), Sukanya Samriddhi Account (SSA) and Senior Citizens Savings Scheme (SCSS). These schemes offer fixed interest rates and long-term savings benefits, making them popular among those seeking stability and predictability in their investments….
The Employees’ Provident Fund (EPF) is a government-backed investment and retirement savings option in India. Salaried individuals are eligible to open an EPF account when basic pay and dearness allowance are up to ₹15,000. You can further opt for voluntary provident fund (VPF), if the basic pay and DA exceed ₹15,000 per month. For FY26,…
Many high earners feel financially stretched despite healthy salaries. Abhijit Kumar, a SEBI-registered investment adviser, has shared a practical solution on LinkedIn. He outlined a five-step financial audit that takes just 20 minutes. Kumar illustrated the problem with a real client. The client earned ₹2.1 lakh per month but could not save ₹40,000 for an…
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a ₹65.21 lakh amount received by a former Pfizer Healthcare India employee under a voluntary retirement scheme (VRS) is a non-taxable capital receipt, even though the taxpayer had initially reported it incorrectly in his income tax return (ITR). In its June 8,…
Unclaimed amount in mutual funds stood at ₹3,811 crore at the end of FY26, up from ₹3,452 crore a year earlier, according to the Securities and Exchange Board of India’s (SEBI) Annual Report. Of the total, ₹1,122 crore was in unclaimed redemption amount, marginally lower than ₹1,128 crore in FY25. Meanwhile, unclaimed dividend amount rose…