Daily Market Analysis – 30th Sept 2020
Reliance Industries Limited and Reliance Retail Ventures Limited announced on Wednesday that General Atlantic will invest 3,675 crores for 0.84% into RRVL It is the second investment by General Atlantic in a subsidiary of Reliance Industries, following ₹ 6,598.38 crore investment in Jio Platforms announced earlier this year.It is a step towards transformational digitalization of small and...
Daily Market Analysis – 29th Sept 2020
State Bank of India (SBI) has come up with a slew of special offers for its retail customers to spread festive joy amid the coronavirus pandemic. The nation’s largest lender has announced a 100% waiver in the processing fee for all customers applying for a car, gold, and personal loan through YONO. The bank is offering the lowest interest rate starting from 7.5% to customers opting for car...
Daily Market Analysis – 28th Sept 2020
NEWS CAPSULES UK’s Vodafone Group Plc. has won an international arbitration against the Indian government over retrospective tax demand of ₹20,000 crores, in the Permanent Court of Arbitration in The Hague which has ruled that the Indian government’s imposition of tax liability on Vodafone is in breach of the investment treaty agreement of ‘fair and equitable treatment,...
Daily Market Analysis – 27th Sept 2020
EPFO has provided a huge relief to employees who will be retiring from SEP 30th onwards. Companies have to now send a list to the government mentioning the names of the employees who will retire in that particular month. The government will then initiate the retirement benefits in that month itself rather than the previous waiting period of 3-4 months. It is a very good move and will help...
Different 80C Options You Are Completely Unaware Off
Tax Awareness’ is keeping yourself up to date with current tax rules made. Tax is vast and it is very difficult too, to keep up with the changes in these rules every year. And it is because of this lack of awareness, people just pay the tax that gets deducted from their salary. They feel that tax is so complicated, that is better to just pay it off. Some people have had bad investment...
SEBI new Mutual Fund circular.
The Securities and Exchange Board of India (SEBI) in its recent circular made some changes in the application of NAV rules. Before jumping directly to what does this actually means. Let us understand why rules on NAV applicability exists in the first place. So that our understanding on this subject is clear. We take an instance where you buy shares and then we will compare it to buying...
Are you also in your 30s like Mehtas?
Financial planning is so crucial and is different for every individual. It differs based on the age of a person, his risk appetite, his current investments and the most important factor – his goals. Keeping this in mind that “No one financial plan fits all”, today in this blog we will be discussing a case study of Mehta and family (Name changed) to help you get an idea of how to...
SEBI recent announcement on new Stamp Duty Charges
Recently in the last couple of months, SEBI has issued some circulars to bring in about some changes in the area of mutual funds. These are an imposition of stamp duty on mutual funds, new rules for Multi cap funds, Change in margin system and modifying NAV rules for mutual fund schemes. Let us discuss the first one in detail in today’s blog. Stamp duty to be applicable on mutual fund –...
7 insurance lessons to learn from the game of cricket
IPL season is about to start and all the cricket lovers are eagerly waiting to see their favourite players and teams to compete and win. The first match is on September 19 between Mumbai Indians and Chennai Super Kings. Enthusiasm and excitement can be seen among people as it will be a great source of entertainment amid COVID-19. Sitting at home following all the precautions of social...