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Securities and Exchange Board of India (SEBI) has introduced an investor-friendly measure by simplifying the mutual fund transmission process, making it easier for nominees and legal heirs to claim mutual fund units or redemption proceeds after the death of an investor. In a press release dated 17 July, the market regulator said it has advised…
AMFI‘s latest market-cap categorisation, based on the average market capitalisation of listed companies during January–June 2026, has resulted in several changes across the large, mid and small-cap universe. The revised classification is significant because mutual fund schemes are required to invest according to AMFI’s categorisation while defining their investment universe. Large-cap cutoff inches higher According…
Every market cycle brings periods of sharp declines that test investors’ patience. From the Ketan Parekh scam in 2000 to the Dotcom crash, the Global Financial Crisis, Covid-19, and the recent US-Iran conflict, equity markets have witnessed several deep corrections. While market falls are unavoidable, historical data shows that the extent of portfolio losses has…
If your tax liability becomes zero after claiming the Section 87A rebate, you may assume that you no longer need to file an income tax return (ITR). However, the rebate only reduces the amount of tax you have to pay if you are eligible, it does not automatically exempt you from filing your return. Whether…
Dearness Allowance (DA) is a percentage of employees’ and pensioners’ basic salaries that aims to mitigate the impact of rising living costs for central government employees and retired pensioners, providing a buffer against inflationary pressures. Updated biannually using data from the All-India Consumer Price Index (AICPI), new announcements are made in March and October, with…
The 8th pay commission is in the discussion phase before it releases its official recommendations on pay hikes, allowances, salary structure, and more. Constituted once a decade, it is expected to make significant decisions impacting pay for central government employees and pensioners. Around 1 crore beneficiaries — nearly 50 lakh central government employees and close…
Despite Warren Buffett and Charlie Munger once refusing to invest in companies like Apple and Google (now Alphabet), nearly 30% of Berkshire Hathaway’s $351 billion portfolio is now invested in two Magnificent Seven AI stocks. At the 2012 Berkshire Hathaway annual meeting, Buffet had said, “I would not be at all surprised to see them…
Taxpayers will now be able to access information about their foreign assets and income directly through the Annual Information Statement (AIS) on the income tax e-filing portal, making compliance easier. Currently, the AIS displays foreign asset and income details for calendar years 2022-2024. Meanwhile, data for 2025 is expected to be added by September or…
The Pension Fund Regulatory and Development Authority (PFRDA) Chairman Sivasubramanian Ramann outlined an artificial intelligence roadmap to redesign the National Pension Scheme’s onboarding process and encouraged “responsible” AI use for a pension advisory platform powered by the technology. Speaking at an industry event this week, S Ramann said the regulator is redesigning the NPS’ onboarding…
If you have earned interest from fixed deposits (FDs) during the financial year 2025-26, you are required to report it while filing your income tax return (ITR) which is due on July 31, 2026. Since interest arising from fixed deposits is fully taxable and is reported to the income tax department by banks, failing to…