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If you have been investing in an Equity Linked Savings Scheme (ELSS) through a monthly Systematic Investment Plan (SIP) for the last three years, you still can’t redeem your entire investment today. This is one of the basic rules that many investors are unaware of. As per SEBI rules, ELSS funds are required to invest…
Not every investment that has delivered poor returns deserves to be sold. But some investments quietly stop serving the purpose they were bought for, tying up capital that could potentially earn better returns elsewhere. Wealth managers refer to these as “dead investments” or “dead money”—assets that continue to occupy space in a portfolio despite offering…
The central government has clarified its policy on the House Rent Allowance (HRA), categorically stating that both spouses cannot claim HRA if they are central government employees posted at the same station and one of them has already been allotted government accommodation. This clarification ends speculation over the applicability of HRA to serving central government…
The Delhi High Court on Wednesday sought the central government’s response to a public interest litigation (PIL) that seeks automatic refunds of tax deducted at source (TDS) for individuals who do no have any tax liability and are not otherwise required to file income tax return (ITR). The petition challenges Section 433 of the Income-tax…
Britannia Industries Ltd on Thursday reported 14.08 per cent rise in consolidated net profit at Rs 593.38 crore for the June quarter of FY27, helped by volume and price increase. The company had logged a net profit of Rs 520.13 crore in the April-June period a year ago, according to a regulatory filing from the…
An association representing officers of the Employees’ Provident Fund Organisation (EPFO) has written to Union Labour and Employment Minister Mansukh Mandaviya, raising concerns over delays in provident fund claim settlements, shortage of IT personnel and staffing gaps, while seeking policy intervention to improve the functioning of the retirement fund body. According to a letter dated…
Retiring at the age of 50 has become an increasingly popular financial goal among working professionals in India. While achieving financial independence that early requires careful preparation, many investors have reached the milestone through disciplined investing and long-term planning. Building a sizeable retirement corpus of ₹10 crore demands a structured investment strategy, consistent contributions and…
Small-cap mutual funds have emerged as some of the biggest long-term wealth creators for SIP investors. Data from Value Research shows that five small-cap mutual funds generated annualised SIP returns of more than 20% over the past 10 years, highlighting the category’s ability to reward investors who remained invested through multiple market cycles. The list…
Are you an Employees’ Pension Scheme (EPS) pensioner? Are you aware of the process for submitting your life certificate to ensure seamless disbursement of your pension? In case you are not aware, the Employees’ Provident Fund Organisation (EPFO) is offering a service to help EPS pensioners submit their life certificates well within the stipulated time…
Indian equities have underperformed several global markets over the past year, but according to Abakkus Investment Managers, the weakness is largely driven by sentiment and valuation rather than the country’s economic fundamentals. The Abakkus study says India’s long-term investment story continues to be supported by robust economic growth, healthy foreign exchange reserves, improving domestic demand…