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MUMBAI: Prolonged uncertainty over the leadership of HDFC Bank, with just two months remaining in managing director and chief executive Sashidhar Jagdishan‘s current term, is emerging as an overhang for India’s largest private sector lender, banking analysts said. The absence of clarity over Jagdishan’s continuation or succession comes after months of governance-related scrutiny at the…
Mumbai: The Insurance Regulatory and Development Authority of India (Irdai) has allowed insurers to invest in Maharajah INR bonds issued by the New Development Bank (NDB), giving insurers an additional avenue for investing in rupee-denominated bonds. NDB plans to raise ₹25,000 crore through the bonds over a five-year period. In a circular dated August 27,…
Equity mutual funds offer investors exposure to multiple stocks through a single mutual fund scheme. Depending on the category and investment mandate, these funds can invest across large-cap, mid-cap and small-cap stocks, or follow strategies focused on value, contrarian, sectors or themes. According to the latest data from the Association of Mutual Funds in India…
Index funds have witnessed a dramatic rise in popularity among retail investors over the past five years, accounting for a much larger share of their passive mutual fund assets than they did in 2021. The share of index funds in retail passive AUM jumped from 11.5% in March 2021 to 55% in March 2026, according…
Can one escape monthly maintenance obligations after a decline in income shown in an income tax return (ITR)? The answer is not that simple. A family court in Gurgaon has ordered a man who works as a senior Deloitte executive to pay ₹2 lakh every month to his estranged wife and children. He claimed that…
A portfolio review may reveal stocks and mutual funds that have been underperforming for years and no longer play a meaningful role in your investment strategy. Holding on to such investments simply because they have been part of your portfolio for a long time could mean missing an opportunity to put that money to better…
Gifting a Systematic Investment Plan (SIP) can be a thoughtful financial present for occasions such as Raksha Bandhan. However, mutual fund regulations and income-tax rules in India prescribe a specific structure for such transactions to ensure compliance and determine the applicable tax treatment. How can a brother gift an SIP to his sister? If your…
Let’s use an EPF calculator to see how a 30-year-old can accumulate over ₹4 crore as a retirement corpus. The calculation requires several assumptions about salary, contributions, interest, and retirement. We used Bajaj Finserv’s EPF calculator during the estimation. Let’s assume that the person starts with a monthly basic salary and dearness allowance (DA) totalling…
Non-Resident Indians (NRIs) have several options to invest in gold in India, including physical gold, gold mutual funds and Gold ETFs. However, NRIs cannot make fresh investments in Sovereign Gold Bonds (SGBs) under the existing rules. SGBs are government securities denominated in grams of gold and are issued by the Reserve Bank of India (RBI)…
As the ITR filing deadline of 31 August for AY 2026-27 approaches for individuals with business or professional income whose accounts are not subject to audit, GST-registered taxpayers need to ensure they choose the correct ITR form. They should also accurately report their turnover and income and reconcile the figures with their GST records before…