In Mint Money Guru, S Naren discusses oil, US rates, AI risks and small-cap valuations, and explains why contrarian investing can extend beyond value stocks as he launches a contra fund.
Many taxpayers believe that cash deposits below ₹10 lakh in a financial year are outside the Income Tax Department’s radar. This assumption stems from Rule 114E of the Income-tax Rules, 1962, which requires banks, co-operative banks and post offices to report cash deposits aggregating to ₹10 lakh or more in savings accounts during a financial…
Mutual fund managers reshuffled portfolios within blue-chip stocks in July, increasing exposure to select IT, auto and pharmaceutical names. Fund houses bought financial services plays including NBFCs and private sector lenders. Read more: Which sectors attracted mutual fund interest in July? Check details At the same time, they pared holdings in PSU names such as…
Andhra Pradesh has approved two long-pending dearness allowance (DA) revisions for state government employees, local body personnel and university staff, as per a report by The Hindu on Friday. This was earlier announced by Chief Minister N Chandrababu Naidu last Saturday. He added that the state would also appoint the 12th Pay Revision Commission (PRC)…
Around 55 companies including Bharat Dynamics, Dixon Tech and others have fixed September 21 (Monday) as the record date for their respective dividends, effectively making today the last day for interested investors to buy the stocks to be eligible for the dividend payouts. As per Sebi’s T+1 settlement norm, investors need to buy a company’s…
Debt mutual fund investors may need to reassess where they park their money as interest rates show signs of staying higher for longer. Rising bond yields can put pressure on existing bond prices and, in turn, affect returns from debt funds, particularly those with longer maturities. Against this backdrop, Axis Mutual Fund, in its report,…
Every market cycle creates fortunes. It also creates a new set of rules that only become obvious in hindsight. A decade ago, building wealth was all about buying good businesses, staying invested and letting time do its work. Those principles still have value, but the context in which they are applied is now far more…