GST Council likely to clarify premium on life insurance
New Delhi: The GST Council will soon provide clarity on input tax credit for life insurers, following a recent Rs 290-crore demand on Life Insurance Corporation — a move that is expected to come as a relief for the stateowned behemoth.
 

How smoking impacts Life Insurance premiums in India
Life insurance is a vital financial tool that provides financial security to your loved ones in case of your untimely demise. However, when applying for life insurance, many factors come into play to determine your premium amount. One of these crucial factors is whether or not you smoke. In this article, we will discuss how smoking affects life insurance premiums in India.

Reliance General Insurance gets Rs 922-cr show cause notice by GST authority
Reliance General Insurance Company (RGIC), a unit of Reliance Capital Ltd, on Sunday received received multiple show cause notices, amounting to Rs 922.58 crore, from the Directorate General of GST Intelligence, reported PTI.

Health Insurance: Your Heart’s Lifeline for a Joyful and Healthy Festive Season
The festive season in the country has truly begun; we celebrate many beautiful moments with our family and friends and create memories full of love, laughter and happiness. And of course delicious food which can sometimes be a tad too rich. While it’s natural to indulge during these special times, we still need to strike a balance and be mindful of our health, especially our hearts. After all, a healthy heart allows us to enjoy these festivities for years to come.

How is indexation in mutual funds calculated and which schemes are eligible?
When you sell mutual fund units, you have to pay tax on the profit. This profit is known as capital gains and the tax paid on such profit is known as capital gains tax. For example, if you purchase mutual fund units for Rs 5000 and sell at Rs 6000, you will have to pay tax on the gain of Rs 1000. However, the rate at which this capital gains tax is levied depends on the period of holding and the type of the fund.

From being called a maverick to handling INR1.5 lakh crore: How R Srinivasan achieved alpha at SBI MF
There is nothing extraordinary about the workplace of R Srinivasan, yet there is a sense of warmth.

Debt fund managers not too worried about OMO twist
The RBI’s announcement to go for an Open Market Operation (OMO) sale of G-Secs came as a surprise to the market on Friday. This led to the yield on the 10-year government bond jumping to 7.36%.

Where to find value or growth or both in the next two or three years? Sunil Subramaniam explains
Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “we believe that the capital allocation from the markets has not gone towards discretionary consumption as much as it should have and consequently that, especially the premiumisation of consumption, which is very strong. As per capita income grows, we are already seeing the beginning of premiumisation in automotives, in housing. We are seeing high-end properties, high-end cars selling much faster. We believe that that is a segment which is fully not tapped yet.”

What are children’s mutual funds? Should you invest in them?
Parents of young kids often fret over the financial future of their dependents. In order to build a substantial corpus during their growing-up years, some of the far-sighted parents invest in an array of investment instruments including mutual funds.

Do you really need Groww’s new fund with widest stock coverage?
Everybody wants a piece of the mutual fund (MF) pie. A mind-boggling ₹46 trillion assets under management, and still going strong, the MF industry in India has thus been witness to a flurry of new fund houses setting up shop. Fintech firms, too, have joined the race with their cutting edge innovations . And the latest to join the bandwagon is Groww Asset Management Company (Groww AMC), which started its operations in June after acquiring Indiabulls AMC. Groww has launched a first-of-its-kind total market index fund, which will invest in 750 stocks across large-cap, mid-cap, small-cap and micro-cap companies and covering 96% of the market capitalization.

Fundraising through QIPs surges; 20 companies raise Rs 18,400 crore in first half of FY24
New Delhi: Fundraising through the issuance of shares to qualified institutional investors has seen hectic activity in the first half of the current fiscal year (FY24), with 20 companies mobilising over Rs 18,400 crore, more than four-fold from the year-ago period, on positive investors' sentiments. Moreover, the robust trend of Qualified Institutional Placements (QIPs) in the first half of the fiscal year 2023-24 is expected to persist throughout the second half of the year too, Sanjay Moorjani, Research Analyst at SAMCO Securities, told PTI.
 

FPIs sell-off continues; take out Rs 8,000 crore from equities in October
Foreign Portfolio investors (FPIs) have dumped Indian equities worth Rs 8,000 crore in the first week of October on the back of dollar appreciation and the steady rise in the US bond yields. This came after FPIs turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Going ahead, FPIs are unlikely to turn buyers in the market soon in the context of the elevated dollar and US bond yields, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.