During the recent monetary policy review meeting held between February 5 and 7, 2025, the Reserve Bank of India (RBI) made the decision to reduce the policy repo rate from 6.50% to 6.25%. This marks a change after maintaining the rate unchanged for eleven consecutive meetings, which is about five years. The new Governor, Sanjay … Read more
Mutual fund investment: Bandhan Mutual Fund has introduced the ‘Bandhan Nifty 200 Quality 30 Index Fund’, an open-ended scheme that mirrors the Nifty 200 Quality 30 Index. The NFO for the scheme is currently open for subscription and will close on November 29. The scheme will then resume continuous sale and repurchase on December 5. The … Read more
NPS Vatsalya calculator: NPS Vatsalya is the recent addition to the range of pension schemes introduced by the NDA government under the leadership of Prime Minister Narendra Modi. The newest scheme represents a significant stride towards ensuring social security coverage for all citizens and empowers individuals to leverage the potential of compounding, allowing them to steadily build … Read more
With the introduction of the Unified Pension System, it is essential to understand how it measures up against the existing National Pension Scheme (NPS) and the traditional Old Pension System (OPS). NPS involves investing a portion of the funds in the equity market, making it a relatively market-linked pension scheme. On the other hand, UPS, … Read more
Investing in the National Pension System (NPS) can be a prudent strategy for securing a steady income post-retirement. By making consistent investments in NPS now, you can build a substantial retirement fund for the future, as it is a highly cost-effective way with the lowest fund management charges ranging from 0.09% to 0.03% depending on … Read more
I am 31 years old and I want to actively invest. Should I go for bank fixed deposits ( FDs) or debt funds. What is your recommendation during the current market conditions? Name withheld Response shared by Jiral Mehta, Senior Research Analyst, FundsIndia. Debt Funds hold several advantages over fixed deposits (FDs). When you invest … Read more
The NPS Vatsalya scheme, announced in the Union Budget 2024, is expected to be officially unveiled by the latter part of September. Positioned as a modified iteration of the National Pension System (NPS) for government and private emplpoees, NPS Vatsalya is envisaged to serve as a pivotal financial instrument, providing parents with a reliable avenue … Read more
Franklin Templeton Mutual Fund has launched its first debt fund in the Indian market, marking its re-entry into this sector after winding up Rs 30,800 crore ($3.7 billion) worth of similar plans over four years ago. The newly introduced fund, Franklin India Ultra Short Duration Fund (FIUSDF), began its subscription period on Monday, August 19, … Read more
The Reserve Bank of India has announced the final redemption price for Sovereign Gold Bonds (SGBs) issued on August 5, 2016. The central bank has fixed the final redemption price at Rs 6,938 per gram, which is 122 percent higher than the issued price. The gold bonds were issued at a price of Rs 3,119 … Read more
New Delhi: The central government’s fiscal deficit, in absolute terms, could be slightly better than the revised estimates for FY24, on the back of better than expected revenue receipts, an official said. In the interim Budget in February, the government pegged its FY24 fiscal deficit at ₹17.35 lakh crore, against the budget estimate of ₹17.89 … Read more