FM must rethink – The Economic Times
Mumbai, March 4
Sebi has proposed reducing the minimum investment required for a mutual fund-only portfolio management service (MF-PMS) to Rs 25 lakh from the existing Rs 50 lakh. Unlike an equity PMS, which invests in individual stocks, a mutual fund PMS invests in a mix of active mutual fund schemes, ETFs, debt, international equity and precious metals,…
Employees’ Provident Fund (EPF) members who have switched jobs multiple times often lose track of their old PF accounts, leaving retirement savings lying in inactive accounts for years. To make it easier for such members to recover these balances, the Employees’ Provident Fund Organisation (EPFO) has developed a dedicated e-portal that allows users to trace,…
Shares of Just Dial rallied as much as 14% to an intraday high of Rs 645 on the BSE on Monday after the company reported a strong set of Q1 earnings. Net profit rose 4.1% year-on-year (YoY) to Rs 166.2 crore, while revenue increased 9.9% YoY and 6.6% sequentially to Rs 327.5 crore. EBITDA grew…
Section 44AD of the Income Tax Act allows small business owners to declare income on a presumptive basis without maintaining detailed books of accounts. However, opting for this scheme does not mean that taxpayers can ignore explanations for any specific income. A ruling by the Income Tax Appellate Tribunal (ITAT), Surat, highlighted this issue. A…
Madhusudan Kela’s disclosed portfolio of 19 stocks was worth about Rs 2,665 crore as of August 14. Seven holdings gained 10–135% in 2026, while five declined 15–30%, highlighting sharply divergent performances.
Buying a proper health insurance policy can shield you from spending large sums of money on hospital bills. While a comprehensive policy with a high sum insured that covers most illnesses can be effective in managing high hospitalisation expenses, it does not mean everything is covered. Many policyholders get nasty surprises only during hospitalisation. This…