MF central: Manage accounts with multiple fund houses at one unified platform; Here's how

Holding a number of mutual funds in a number of AMCs is not uncommon. It is, therefore, vital to manage all accounts with ease and comfort

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around ₹236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of ₹119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals

Phone stolen? 5 tips to avoid losing money on UPI like this Kolkata man

One should keep the mobile apps password-protected to avoid losing money to scams or frauds. Even when mobile is lost, it is important to get the UPI account as soon as possible

5 key legal aspects of nomination in financial assets

Recent regulations from authorities like SEBI and IRDA have made the nomination process for financial assets more crucial, but misconceptions still exist, necessitating a detailed exploration of its legal aspects and significance.

Bridging economic gaps: The impetus of micro-savings in gold

Micro-savings in gold offer a straightforward and emotionally resonant approach to savings, especially for rural and underserved demographics, transcending the complexities of other financial instruments.

Best flexi cap mutual funds: 8 schemes beat the benchmark index in the past five years

More than half a dozen flexi cap mutual fund schemes have managed to beat the benchmark index in the past half a decade. We share more details here.

6 investment lessons from 'Just Keep Buying', by Nick Maggiulli

Books

Do not wait for market dips. Save enough to invest enough. Most importantly, have time on your side when you are investing your money. Time stands as the most crucial asset in wealth-building. Opportunities to increase your earnings are endless, but time cannot be bought.

Why are insurance advisors still much needed in the growing digital insurance world?

In recent years, digital transformation has significantly impacted the insurance sector in India and globally, addressing traditional gaps, expediting insurance processes, and expanding consumer access to smaller parts of the country.

6 aspects to consider before investing in debt funds

Planning to invest in debt funds? But before that one should be clear of the misconceptions that debt funds are safe. All mutual funds carry risks and debt funds are no exception. Let's discuss the aspects one should look at before investing in these funds.

What are multi asset allocation funds and why should you invest in them? MintGenie explains

The multi asset allocation funds are mutual fund schemes that invest in at least three asset classes with a minimum allocation of at least 10 percent in each asset class.

Axis Bank rolls out first numberless card in partnership with Fibe. Details here

The innovative design is meant to ensure that the identity theft is reduced and there is no unauthorised access to customers’ card information, thus ensuring security and privacy.

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Deep Dive

Investing Mantras

Mutual Funds: No. of unique investors crosses four crore in Sep, AMFI data

Gold climbs rupees 100, silver gains rupees 400 on October 11, 2023

Sensex, Nifty end higher on October 11, 2023

6 key money lessons for your kids from Warren Buffett

MintGenie Specials

Number of participants in crypto ecosystem has risen, says Mridul Gupta of CoinDCX

Mr Gupta shares his thoughts on cryptocurrency prices, future scope of blockchain, problems that the technology has tried to solve, and also explains why is it too early to speak about what the future holds for Central Bank Digital Currencies (CBDCs).

Market entering volatile phase; mid and small-cap stocks could see consolidation, says Hemang Kapasi of Sanctum Wealth

Head of Equities at Sanctum Wealth, Hemang Kapasi, has stated in an interview that there is fatigue in heavyweight sectors, but low-weight sectors are performing well. He advises investors not to get carried away by market euphoria. 

Start-up founders need a drive to solve a problem, says Tanul Mishra of Afthonia Lab

She says that the struggle and hardships come in abundance before fame and money come knocking on the doors of start-ups. She deconstructs the reasons as to why her firm zeroed in on only 20 start-ups out of a vast pool of more than one thousand.

PAYD enables customers who drive less to seek better pricing on premiums, says Akanksha Jain of Digit Insurance

In an interview with MintGenie, Digit Insurance’s Akanksha Jain shared how the “pay as you drive” concept allows vehicle owners to pay premiums depending on not only how much they drive but how, where, and when they drive.

Expert Speak

Did you watch Vishal Bhardwaj’s Khufiya? 5 money lessons to learn from this Tabu starrer

Khufiya, a spy thriller, there are several money lessons to be learned. These include the importance of protecting valuable assets, being cautious of betrayal within organisations, and seeking revenge with strategic and calculated moves.

Warren Buffett's financial mantras for a secure retirement

<ul><li>Warren Buffett, often regarded as the pinnacle of investing wisdom, offers 5 crucial lessons for a secure and prosperous retirement.</li></ul>

5 money lessons you can learn from Kareena Kapoor’s Jaane Jaan

Keigo Higashino's novel Yogisha Ekkusu no Kenshin has captivated audiences with its murder mystery. Kareena Kapoor shines in Jaane Jaan on Netflix.

Lessons In Investing

Déjà vu again? Current market action looks increasingly like prelude to October 1987 crash: Greed &amp; Fear

Christopher Wood, global head of equity strategy at Jefferies, in his latest Greed &amp; Fear report pointed out that the current market action looks increasingly like the prelude to the October 1987 market crash.

Déjà vu again? Current market action looks increasingly like prelude to October 1987 crash: Greed & Fear

Markets in September: Sensex, Nifty turn positive, only 1 index in the red; What lies ahead?

Indian indices rebounded in September after weak August. Sensex was up 1.5%, while Nifty 2%. PSU banks, energy, auto, realty, and metal sectors were top gainers.

Nifty IT vs Nifty Smallcap 100: Which index should you pick for the long term?

Nifty Smallcap 100 outperformed Nifty IT and benchmark Nifty in the short and long term. Let's analyse which of these has a better long-term opportunity for investors.

Nirmal Bang ‘underweight’ on IT sector but upgrades Tech Mahindra; here's why

Nifty IT has outperformed Nifty in 2023 YTD but brokerage house Nirmal Bang remains ‘underweight’ on the Indian IT sector. It has upgraded Tech Mahindra to 'Accumulate' due to expected margin expansion in FY26.

DEEP DIVE

Plot vs Flat: Which is a better investment option for you?

Investors considering real estate as an investment option may face the decision between purchasing a flat or a plot, and this article explores various aspects to help them make an informed choice.

Constant duration strategy vs. target maturity strategy: Which is right for predictable returns?

Debt funds serve as stable foundations in your investment portfolio, particularly during periods of heightened stock market volatility. Among the array of debt fund strategies, two stand out—constant duration and target maturity funds.

Explain Like I am 5

NFO Alert: Mirae Asset Mutual Fund launches the Nifty 200 Alpha 30 ETF; all you need to know

Mirae Asset Mutual Fund announced the launch of the Mirae Asset Nifty 200 Alpha 30 ETF. The scheme opened for public subscription on October 09, 2023, and will close on October 18, 2023.

eBullion introduces India’s first-ever SIP program in precious metals investment. Details here

eBullion unveils India's first-ever precious metals investment SIP program. With a remarkably low minimum investment of just ₹100, this program offers individuals the flexibility to select a tenure ranging from three months to two years.

NFO Alert: Baroda BNP Paribas Mutual Fund launches Small Cap Fund; all you need to know

Baroda BNP Paribas Mutual Fund announced the launch of the Baroda BNP Paribas Small Cap Fund. The scheme opened for public subscription on October 06, 2023, and will close on October 20, 2023.

NFO Alert: From risk to objectives, all you need to know about WhiteOak Capital Balanced Hybrid Fund

WhiteOak Capital Mutual Fund announced the launch of the WhiteOak Capital Balanced Hybrid Fund. The scheme opens for public subscription on October 05, 2023, and will close on October 19, 2023.

All You Need To Know

How to prevent credit card information theft while shopping online?

Certain security vulnerabilities lie outside your realm of control; nevertheless, you possess the means to shield your information and fortify existing safety measures. This principle holds even when utilizing credit cards for online shopping.

How to link Aadhaar with UAN? A step-by-step guide

The EPFO has prolonged the UAN-Aadhaar linking deadline until March 31, 2024. Individuals can opt to connect these two either through online means or offline, based on their convenience.

Vishnu Prakash R Punglia IPO allotment today: Here's how to check status and latest GMP

The allotment for the initial public offer (IPO) of Vishnu Prakash R Punglia is likely to be finalised today. Investors can check their allotment status on the issue's registrar Link Intime's website as well as on BSE.

Income Tax Refund: How to claim, check online status and more

Not all are entitled to an income tax refund. However, those who are waiting for the refund amount must be aware of factors and conditions affecting the credit and taxability of the refund amount. 

How To

Financial savings of households fall to five-year low during 2022-23

Are Indians saving less? It's concerning that the financial savings of households, as a percentage of the country's gross domestic product (GDP), reached a 47-year low in 2022-23, indicating potential financial distress among Indian households.

World Mental Health Day 2023: 55% female proactive in consultations for mental health issues

According to a survey conducted by Plum, an insurtech platform, there has been a notable rise in tele-consultations for mental health among individuals between the ages of 21 and 30, with females being more proactive, making up approximately 55 percent of all appointments. 

UPI remains India's preferred payment choice in 2023

As of June 2023, UPI remains the dominant choice for payments in India, with 10 banks responsible for deploying 82% of PoS terminals. Leading the UPI App category are PhonePe, Google Pay, and Paytm.

78% of Indian investors want to know more about market risks

According to data from AMFI, 78% of survey participants expressed a desire to gain a deeper understanding of market risks, and 59% of respondents continue to view past performance as a significant factor when making mutual fund investments.

Infographics

Is it advisable to invest in multiple mutual funds within the same investment category?

Investors should consider diversifying their portfolio across different asset classes and also within the same asset class. Additionally, it's important to consistently review and adjust their investments through rebalancing.

Personal Finance

Gold rises ₹100, silver climbs ₹400; check rates here

In the international markets, both gold and silver were quoting higher at USD 1,867 per ounce and USD 22.05 per ounce, respectively.

Rupee rises 7 paise to settle at 83.18 against US dollar

At the interbank foreign exchange, the rupee opened strong at 83.20 and traded between the intra-day peak of 83.15 and the lowest level of 83.24 against the greenback.

IPOs boom in September: All except two companies list at premium; details here

September 2023 was the strongest month this year in terms of activity in the primary market with 13 companies launching new public offers to raise ₹12,159 crore.

Adani Ports well placed to post 12% volume CAGR over FY23-25, says MOSL; sees 28% upside

Motilal Oswal has initiated coverage on the stock with a target price of ₹1,010, implying an upside of 28%. With continued growth levers at its existing ports and an expanding portfolio, MOSL expects APSEZ to achieve a 12% volume CAGR over FY23–25.

Meme Of The Day: Whose annual income is under 3 lakhs

The only time someone is being okay with his/her salary.

Meme Of The Day: When your CA friends are not helping you with tax filing

The Income Tax department recently launched a mobile app — ‘AIS for Taxpayer’ to enable taxpayers to view their information available in the AIS. Taxpayers can use the mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, Other Information (GST Data, Foreign Remittances) as available in AIS/TIS.

Meme Of The Day: The time of the year when CAs are hounded by their 'friends'

In case you happened to under-report your income in the financial year 2019-20, then you are allowed to file an updated income tax return (ITR) prior to March 31, 2023 to incorporate the changes.

Meme Of The Day: When you invest in the stock market without learning

When you invest in the stock market without learning