What is category I Alternative Investment Fund?

Category I AIFs is one of the broad categories of AIF that invest in startups, SMEs and socially and economically viable projects and have 4 types of funds.

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

How gold, silver, platinum performed during the week ending on September 16, 2021

Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments.

from Personal Finance News-Wealth-Economic Times https://ift.tt/39nYO3H

Zomato, Swiggy to pay GST on restaurants' behalf. Will your online food ordering bill rise?

At present, restaurants charge 5% GST without input tax credit, on the supply of services including supply of food and beverages. Meanwhile, food aggregators such as Swiggy and Zomato are registered as tax collectors at source. They charge 18% GST on delivery charges which consumers pay.

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

Sachin Bansal's Navi Mutual Fund plans to launch electric vehicles fund

The fund of funds will be benchmarked against the STOXX Global Electric Vehicles & Driving Technology NET Index. Apart from this, the fund house has filed documents for Navi Nifty India Manufacturing Index Fund and two international funds

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

HDFC MF launches HDFC Developed World Indexes Fund of Fund

HDFC Mutual Fund has launched its first international offering – HDFC Developed World Indexes Fund of Fund. The NFO of the scheme opens today and will close for subscription on October 1.

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

White Oak Capital group gets Sebi nod to become sponsor of Yes Mutual Fund

White Oak Capital group on Thursday said its subsidiary GPL Finance and Investments has received capital markets regulator Sebi's approval to acquire Yes Asset Management from the current sponsor, Yes Bank.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3lAvo7V

‘Large caps offer relative safety along with growth’

Fund performance of large cap funds has been in line with the wider market direction. Given that the breadth of the rally is significantly broader, unlike in the previous cycle, this category has done well, says Shreyash Devalkar, Senior Fund Manager - Equity, Axis Mutual Fund.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3AjsT06

SBI, Kotak Mahindra, PNB, BoB offer record low rates of interest on loans to cash in on festive cheer

Indian banks are aggressively pushing loans for both home and gadget purchases at record low rates of interest, tapping into festive season optimism as demand gradually returns to pre-Covid levels in the broader economy.

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

Bank of Baroda announces festive offers on retail loans

Earlier, State Bank of India announced various festive offers for prospective home loan customers, including a credit score-linked home loans starting at 6.70 per cent.

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

Festive bonanza: SBI announces home loans at 6.70% irrespective of the loan amount

With the introduction of the festive offers, a borrower can now avail home loan for any amount at a rate as low as 6.70%. The 6.70% home loan offer is also applicable to balance transfer cases.

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

Index fund folios soar as active schemes lag

Folios in index funds saw more than a fourfold jump to 1.53 million in August this year from 345,000 in March 2020, according to data from the Association of Mutual Funds in India (AMFI).

from Personal Finance News-Wealth-Economic Times https://ift.tt/3zqxT1T

ICICI Prudential MF, Aditya Birla SL MF launch PSU bond index funds. Should you invest?

Two large mutual fund houses- ICICI Prudential Mutual Fund and Aditya Birla Sun Life Mutual Fund- have launched PSU Bond Index Funds. Both the schemes are target maturity index funds.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2VL1epL

Infosys's deadline ends, but bugs in tax-filing portal remain

The new Income Tax e-filing portal developed by Infosys continued to face glitches despite the September 15 deadline set by the government to iron out issues on the platform.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3CvRz6r