Five midcap mutual funds delivered over 21% annualised returns in three years, led by HSBC Midcap at 25.1%. Invesco India, ICICI Prudential, WhiteOak Capital and Edelweiss Mid Cap also featured among top performers.
An NRI living in Germany jointly owns a residential property in India with her resident sister. They had each contributed 50% of the purchase price seven years ago and now plan to sell the property. While the NRI wants to remit her share of the sale proceeds abroad, her sister plans to reinvest her share…
Emerging markets bull Christopher Wood says the spectacular AI trade is showing clear signs of “fatigue”, and Jefferies is responding by tilting exposure toward cheaper, under‑owned markets such as India and China that stand to benefit from mean reversion away from crowded AI winners. He believes the “picks and shovels” of the AI capex boom…
I am an NRI living in the UK and a member of my father’s Hindu Undivided Family (HUF). I have accumulated certain savings in my NRO bank account and want to transfer them as a gift to the HUF. Will it have any adverse tax implications for me or HUF? – Name withheld on request…
The income tax return (ITR) filing deadline is nearly three weeks away and many taxpayers have started gathering documents and identifying deductions they can claim to lower their tax liability. One such provision under Section 80D of the Income-tax Act is the deduction available for preventive health checkups. These routine medical visits not only help…
New Delhi: India’s net direct tax collections, after refunds, rose 16.4% to ₹6.51 lakh crore as of July 13, supported by healthy corporate earnings and resilient formal sector incomes despite the West Asia crisis. Growth was led by corporate tax, which increased 22% to ₹2.40 lakh crore in the April-July 13 period. Non-corporate tax collections…
Five midcap mutual funds delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund at 26.3%, highlighting strong wealth creation despite market volatility.