The most pervasive, yet financially hazardous, career advice given to young professionals is to “follow your passion, and the money will follow”. It sounds inspiring on a poster, but in an Indian economy defined by intense competition, rising costs and limited state-sponsored social security, turning an unproven passion into your primary source of income is a high-stakes gamble, especially for a middle-class household.
JioBlackRock Mutual Fund has announced changes in features of its six funds including – JioBlackRock Flexi Cap Fund and JioBlackRock Large Cap Fund with effect from August 26. According to a notice cum addendum these changes in the features of schemes are for the purpose of alignment with “Part IV – Categorization and Rationalization of…
You accompany a friend shopping for shoes and return with a pair yourself. Your old shoes were fine, but the discount seemed too good to miss. Such purchases can quietly disturb your monthly budget. A no-buy month gives you time to notice these habits. For one month, pause unnecessary purchases while continuing to pay for…
Nearly 30 retail investors have allegedly lost more than ₹100 crore in a suspected trading scam involving Bengaluru-headquartered fintech platform Stockal Securities, after their accounts were reportedly accessed without authorisation and their US stock portfolios liquidated, Moneycontrol reported. The news outlet reported that the affected investors told that their holdings in major American companies were…
If you think the biggest risk to your retirement corpus is whether it will withstand inflation, you may be in for a surprise. While most investors assume that a random figure, say ₹1 crore, is enough to sustain them after they retire, they often tend to overlook the amount’s longevity. India’s life expectancy has increased…
The Delhi Lakshmi Yojana portal was officially launched on 1 August, allowing eligible women to register online for the monthly financial assistance scheme. Under this government scheme, eligible women will receive financial assistance of ₹2,500 per month. In a post on X, Rekha Gupta, Chief Minister, Delhi, wrote the portal received more than 33,730 registrations…
Democrats’ sweeping midterm victory could strengthen the Federal Reserve’s ability to resist President Donald Trump’s attempts to influence monetary policy, with their expected control of the Senate emerging as a key obstacle to his efforts to reshape the central bank, Reuters reported. Control of the upper chamber gives Democrats significant leverage over Fed appointments, potentially…