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Mid-cap mutual funds have emerged as the best-performing equity fund category across the last one, three and five years, reinforcing their reputation as a sweet spot for investors seeking higher growth without venturing into narrowly focused themes. An analysis of equity mutual fund categories (excluding sectoral and thematic funds) shows that mid-cap funds generated average…
To combat market volatility and ensure predictable, safe returns, many investors choose investment options such as the National Savings Certificate (NSC) and the Kisan Vikas Patra (KVP) to build a diversified portfolio. Both investment options are government-backed savings instruments that aim to provide investors with stable returns. However, their tax treatment differs slightly. This is…
The Allahabad High Court has ruled that the Income Tax Department cannot issue a reassessment notice in the name of a person who has already died, holding that such a notice is void from the outset and cannot later be validated by simply substituting the deceased’s legal heir. The judgment provides important clarity for families…
Shares of Motilal Oswal Financial Services crashed more than 7% on Friday after the domestic brokerage reported a consolidated net profit of Rs 1,273 crore for the April-June quarter of FY27, marking a nearly 10% year-on-rise from the Rs 1,162 crore reported in the same period last year. The shares of the company dropped to…
Shares of InterGlobe Aviation, the parent company of IndiGo, dropped nearly 3% on Friday after the airline reported a net loss of Rs 238 crore for the first quarter of FY27, compared to a net profit of Rs 2,176 crore in the same period last year. This loss was due to surging fuel costs stemming…
As many as 86 companies are set to announce their April-June quarter results for the ongoing financial year 2027 today. The list includes FMCG major Tata Consumer, SBI Life Insurance and Vedanta-backed Hindustan Zinc, among several others. Other key companies scheduled to report their earnings include Shriram Finance, ACC, Bank of Baroda, Bank of India,…
The initial public offering of technical textile machinery and equipment-maker Lohia Corp continued to see decent investor interest during its second day of public bidding, with the Rs 1,101 crore maiden issue of the company being subscribed 43% so far on Friday. The public issue received bids for more than 61 lakh shares, as against…
Shares of HDFC Bank slipped more than 1% on Friday after three separate US law firms announced investigations into whether the Indian private lender violated federal securities laws by allegedly disguising Rs 45 crore in payments to the Maharashtra State Road Development Corporation (MSRDC) as marketing spend. HDFC Bank shares dropped to Rs 737.25 apiece…
Filing an Income Tax Return (ITR) before the deadline is important, but many taxpayers overlook the equally important step of e-verification. However, filing the return alone does not complete the tax filing process. Unless the return is verified within the prescribed time under the Income-tax Act, it may be treated as an invalid return, effectively…
A Delhi consumer commission has held that a health insurer cannot reject a mediclaim simply by stating that hospitalisation was not medically necessary when the treating doctors had advised admission and the insurer failed to produce any medical evidence to support its stand. In a recent order, the commission directed Oriental Insurance Company Ltd. to…