How did Kotak Small Cap Fund manage to offer 120% returns in 1 year?

"The NSE Small Cap 100 has been one of the best performing index in the last one year with returns of 107%, outperforming broader indices as well as mid and large caps."

from Personal Finance News-Wealth-Economic Times https://ift.tt/3e0crsv

Midcap and flexicap schemes lead June inflows into equity funds

Investors put in Rs 5,988 crore in June, lower than May’s Rs 10,083 crore, but registering net additions to the equities kitty for the fourth straight month.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3qXahPy

Income Tax department issues refunds worth Rs 37,050 crore till July 5

"CBDT issues refunds of over Rs 37,050 crore to more than 17.92 lakh taxpayers between 1st April 2021 to 05th July 2021. Income tax refunds of Rs 10,408 crore have been issued in 16,89,063 cases & corporate tax refunds of Rs 26,642 crore have been issued in 1,03,088 cases," the I-T department tweeted.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3jWniY3

Equity mutual funds see inflows of Rs 6,000 crore in June

Amfi data released for the month of June said investors poured in a net Rs 5,988.17 crore, against the previous month’s deposit of Rs 10,082.98 crore in equity-oriented funds, thanks to buying in broader market funds. Equity mutual funds saw a total inflow of Rs 26,911.09 crore and outflow of Rs 20,922.92 crore, both of which were higher than last month’s figures.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2TQVpGh

Small and mid caps expensive; stagger your investment, says Quantum MF

Fund managers at Quantum Mutual Fund, that follows a value style of investing, believe the Indian markets are trading at a premium relative to its history and mid and small caps are expensive.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3jS66TN

HDFC MF's Prashant Jain is making a risky bet on a market anomaly

While the current rally is getting more broadbased, there are select pockets which are still undervalued compared with their long-term averages. The fund’s positioning aims to take advantage of this market anomaly by going overweight on the undervalued sectors and vice versa.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3dReAH2

Payment operators to share intel on fraudsters and blacklist scammers

“The industry under Payments Council of India is coming together for data sharing and we are creating a negative database for both merchants and customers to tackle errant participants in the segment,” an official in the know said.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2VkoxpW

PGIM India Mutual Fund launches small cap fund

PGIM India Mutual Fund has announced the launch of PGIM India Small Cap Fund. The fund will invest a minimum of 65% assets in small cap stocks.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2UwjjGZ

HDFC Flexi Cap Fund completes 26 years in the market with 18% returns per annum

HDFC Flexi Cap Fund has accomplished 26-years of journey in the market. The fund, earlier known as HDFC equity fund, is one of the flagship funds of HDFC AMC.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3dPy1zW

Franklin debt plan investors to get another Rs 3,200 crore

Investors in the six debt mutual fund schemes of Franklin Templeton MF that are under winding up will get back the fifth tranche of money in the week starting July 12.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3dPy12U

CBDT extends timeline to process AY18 refunds

Returns selected for scrutiny, remaining unprocessed for any reason attributable to assessee or unprocessed since demand is showing as payable have been kept out of the extension time-frame.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3ADeEDI

Centre may notify labour codes in 4 months

“Five states have notified rules across four codes and at least a dozen more are expected to notify soon,” a government official said. “The Centre is ready with rules in their domain and could notify all the rules across four codes in the next three-four months.”

from Personal Finance News-Wealth-Economic Times https://ift.tt/3dS0oNP

ATMs and paying to withdraw our own money: How justified are these charges?

In this ongoing battle among legacy banks, creative disruptors, neo-banks, and other competing channels, the pandemic has further muddied the waters by changing preferences towards digital payments. The regulator should not stifle competition by favouring legacy non-performers at the cost of more efficient channels.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3hFUArJ