Transferring money from India to a foreign account can be cumbersome. Additionally, if the payment exceeds ₹7 lakh, tax collected at source (TCS) would be deducted, which could be claimed later. Ram felt that the whole process was too complicated for his retired parents to handle. Fortunately, a solution came from a banker friend who,…
During the annual meet, Rajiv Thakkar, chief investment officer of PPFAS, along with the fund management team, addressed investor questions—whether at the stock level, sector level, or about the overall strategy and operations of the fund house. Here are five key takeaways for investors from the annual meeting. Focus on long-term returns over short-term Often,…
Markets regulator Sebi issued a circular on instant redemption in liquid funds in 2017, allowing investors to withdraw up to ₹50,000 or 90% of the money parked in a liquid fund per day, whichever is lower. Many fund houses such as PPFAS, Nippon, Shriram, Bajaj, ICICI, HDFC and SBI offer this facility. Liquid mutual funds…
Despite recent price fluctuations, these stocks have seen a surge in retail interest. About 56% of mid-cap stocks and 72% of small-cap firms analysed by Mint witnessed a sequential rise in retail investor count during the September quarter. In contrast, fewer than half of the stocks in the benchmark Nifty 50 index experienced a similar increase,…
