Udayshivakumar Infra IPO subscribed 30.63 times on final day; NIIs' portion booked over 60 times

The company has received bids for 61,26,02,820 shares against 2,00,00,000 shares on offer, according to data from the BSE.

US jobless claims inch down as labor market remains tight

Jobless claims in the U.S. for the week ending March 18 fell by 1,000 to 191,000 from the previous week, the Labor Department said Thursday.

Three Adani companies gain; Adani Power down 1.3% as stock again under short-term ASM framework

Adani Power has been shortlisted for the Stage-I of the short-term ASM framework.

Can money buy happiness? The answer is undoubtedly ‘Yes’

More money equals more happiness, as per a report published in The Washington Post. No matter, how selfish it may sound, you can never dream of a happy life, sans your money.

Rupee gains 32 paise to close at 82.27 against US dollar

At the interbank foreign exchange, the domestic unit opened strong at 82.38 against the dollar and gained further ground and finally settled at 82.27 (provisional) against the American currency, registering a gain of 32 paise against its previous close.

Gold price climbs ₹450, silver zooms ₹815; check rates here

In the overseas markets, both gold and silver were trading higher at USD 1,975 per ounce and USD 22.84 per ounce, respectively.

Market Wrap: Sensex, Nifty fall amid weak global cues; banks among top drags

Sensex ended 289 points, or 0.50 percent, lower at 57,925.28 while the Nifty50 closed the day at 17,076.90, down 75 points, or 0.44 percent.

Mutual Fund Investing: How do step-up SIPs give a boost to your wealth? Here are 4 ways

Step up SIPs are a powerful weapon for creating wealth by investing a small amount regularly over a long period of time, provided it is coupled with a well-defined goal, the right behaviour and a disciplined approach.

Healthcare Global: Up 329% from COVID lows but down 17% from year's high; brokerages now see recovery in this stock

Healthcare Global Enterprises (HCG) has seen significant returns for its investors over the past 3 years, with its stock increasing from ₹62 in April 2020 to ₹266 as of March 22, 2023. Recently, the stock has been consolidating, falling 17 percent from its 52-week high of ₹320. Brokerages have now turned bullish on the stock due to its strong expertise in oncology services, margin expansion outlook, robust growth levers, and expectations of double-digit revenue growth. Dalal and Broacha initiated coverage on the stock with a target price of ₹391, indicating an upside of nearly 47 percent, while Sharekhan also has a buy call on HCG with a potential upside of 33 percent. HCG posted a net profit of ₹42 crore in the December quarter, while revenue rose 18.66 percent to ₹423.91 crore. The company is revamping its business model, hiring a Big-4 to drive business excellence, and looking for smaller acquisitions to drive growth.

Income tax: How to file ITR-1 (Sahaj) form? All you need to know

The ITR-1 form is the most basic form used for filing income tax returns in India and is applicable for taxpayers with an income of up to ₹50 lakh. Filing the ITR-1 form is a fairly straightforward process and can be done online in a few simple steps.

What is a roll-down strategy followed by debt funds? All you want to know

In the roll down strategy, fund manager buys bonds towards the close of maturity. As the bond approaches maturity, the fund manager sells them and buys shorter-term bonds with lower yields. As a result, fund’s maturity period keeps rolling down

Investment in equity assets has increased in the past one year

Almost 89% of equity schemes get their investment from individual investors and 80% of individual investor assets are held in equity-oriented schemes.

There is a lack of awareness for bonds among conservative investors, says Vishal Goenka of IndiaBonds

He shares his views on diminutive retail participation in the bond market, reasons for investing in bonds, and much more

Elara initiates coverage in internet space; lists Justdial and IndiaMart as top picks; here's why

Amid the rising digital penetration in India, brokerage Elara Capital has initiated coverage on the internet space with ‘buy’ calls on IndiaMart InterMESH and Just Dial.

Mutual fund nomination deadline ends on March 31: Here's how to do it

Before 31st March 2023, it is recommended to update the nominee details or opt out of nomination for all your mutual fund folios, as failing to do so may result in freezing of the folio(s) and inability to do transactions.

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Investing Mantras

Three Adani companies gain; Adani Power down 1.3%

During cash crunch, should you take loan or sell your investment?

Mutual Funds: How step-up SIPs give a boost to your wealth?

Here's why you should invest in Nifty50 ETF

Why choose home insurance as an effective shield against natural disasters like earthquakes?

It takes a devastating earthquake for people to realize the fragility of life. It takes a number of deaths and an equal number of injured to realize that home must be protected as life and health. The aftermath of natural calamities can be devastating though a lot can be mitigated with adequate insurance coverage amount. 

MintGenie Specials

BFSI sector has potential to generate healthy long-term returns, says Deepak Chhabria of Axiom Financial Services

In an interview with MintGenie, Axiom Financial Services’ Deepak Chhabria shared how valuations are not as stretched as they were a few quarters back.

Short-term traders should refrain from trading, wait until the market stabilises, says Sunil Jain of Nirmal Bang

Sunil Jain is of the view that investors should focus on stocks with valuations that have come down to pre-COVID or lower levels, as these stocks may offer reasonable returns over the next two to three years.

Important to stay invested at all times, says Prateek Pant of WhiteOak Capital

<ul><li>In an interview with MintGenie, he spoke extensively on Foreign institutional investors (FIIs) outflows, strategy for new investors, small and mid-cap stocks, and the initial public offering (IPO) market.</li></ul>

Expert Speak

7 common financial mistakes that Gen Z should learn from millennials

From investing in the right retirement plans to taking the right risks in their careers, making the right decisions now can help set Gen Zers up for success in the future. We discuss some of the most common mistakes millennials made and the lessons Gen Zers should learn from them. 

Income tax: 8 common tax-saving mistakes to avoid this season

Tax saving is an important part of financial planning and taxpayers should be aware of the various tax-saving options available, such as exemptions, deductions and rebates. It is also important to maintain proper records and to file tax returns on time to avoid any penalties or fines.

6 key investing principles that Jeff Bezos swears by

Jeff Bezos’ way of looking at business and doing it can be best described as unconventional. As someone who founded Amazon, an E-commerce giant from a garage at his home, his investing principles are studied by all and widely emulated by budding entrepreneurs.

Should you be worried about your underperforming funds?

The ten best performers of the last decade (which delivered an average outperformance of 180% versus the benchmark) also underperformed in 31% of 1-year instances.

Lessons In Investing

After a 20% fall in 1 year, is it time to accumulate IT stocks? 6 analysts answer

On the back of the correction in the IT sector and is the time right to accumulate stocks from the space, should one wait longer before adding more or is it time to sell? Let's see what 6 experts have to say:

LTIMindtree: Why this IT company appears to be a good bet going ahead

The company is the merged entity formed after the merger of erstwhile Mindtree with LTI and offers application development, IMS, digital solution services to BFSI, retail, health, media &amp; hi-tech verticals.

Tech Mahindra vs LTIMindtree: Which IT stock is a better long-term investment?

On the back of the recent corrections in the IT space, let's compare LTIMindtree (LTIM) and Tech Mahindra to figure out which offers better long-term investment opportunities.

DEEP DIVE

Should you invest in ELSS funds before March 31 to save tax? Details here

Equity linked savings schemes have a lock-in period of three years. It serves the dual purpose of giving exposure to equity instruments as well as enabling investors to save tax

Your Questions Answered: I’m 27 and want to buy a house in next 3-4 years. How much should I start investing through SIP?

Start investing around ₹1,20,000 to ₹1,25,000 per month through SIPs, to build a corpus of ₹50 lakhs to ₹60 lakhs in the next 3 to 4 years for the down payment for a house. Read further to know more

What is Blossom Women Savings Account launched by this small finance bank? Details here

Any female residents can open this account with a minimum balance of ₹10,000. The account enables them to earn an interest rate of up to 7 percent on savings account

Explain Like I am 5

Income Tax department launches app to allow taxpayers to view details on AIS; All you need to know

The ‘AIS for Taxpayer’ app gives a well-rounded view of the AIS to the taxpayer, displaying the information gathered from various sources pertaining to the taxpayer

NFO Alert: Axis Mutual Fund launches Axis S&P 500 ETF Fund of Fund; all you need to know

Axis Mutual Fund announced the launch of the Axis S&amp;P 500 ETF Fund of Fund. The scheme opened for public subscription on March 22, 2023, and will close on April 05, 2023.

How to achieve retirement goals with NPS? All you need to know

NPS is a low-cost retirement solution that offers a range of investment options, tax advantages, and the ability to stay invested until the age of 75, which makes it a great choice for retirement planning.

Linking PAN to Aadhaar: Pay ₹1,000 fine instead of resorting to hacks; All you need to know

There are some reports which suggest that a few taxpayers are getting new PAN card made instead of opting for linking their PAN to Aadhaar to avoid paying fine to the tune of ₹1,000.

All You Need To Know

How to choose a nominee for your mutual funds? Here's all you need to know

It is important to choose a nominee when investing in mutual funds to ensure the funds are transferred to the right person in case of absence. To add/update a nominee, one can visit the KFintech, CAMS or MFCentral website.

Tax harvesting: How to save capital gains tax? Details here

Tax harvesting is a strategy to save on capital gains tax by selling off losing stock investments or mutual funds to offset gains and reduce tax liability.

How To

Over 80% of consumers willing to cut down on luxury to afford health insurance

As per survey, 85% of the respondents would consider cutting down on some luxury items so that they could spend more on health insurance. Additionally, more than 88% respondents believe that mental health consulting should be included in the health insurance policy. 

Indian unicorns excel in offering holistic health benefits

India’s unicorns are doing right by their employees with group medical cover, with a median sum insured of ₹5,00,000.

95% of companies do not offer life insurance to their employees

Less than a quarter of India’s companies insure their team against personal accidents and disability. 43 accidents occur every hour in India. Yet, 77% of India’s companies fail to offer group personal accident and disability cover in addition to health insurance.

Infographics

Emergency Funds: Should you take loan or redeem your investment; What is a more feasible option?

Wealth advisors suggest that it is advisable to raise loan by pledging mutual funds instead of selling securities, particularly when the market is undergoing an extreme volatility

Women and Investing: 60% investors still prefer traditional investment options; survey reveals

Gender equity is not possible without financial equality. However, the latter is not possible without financial literacy and complete financial inclusion.

Looking for income tax saving options at the last moment? Here's what you can consider

There is not much time left to file your taxes. This also means that you must choose your tax-saving investments in a huff if there are none. 

Personal Finance

Is TTK Prestige a good buy? Brokerage firm Geojit certainly thinks so

TTK Prestige has increased the prices of cookers and cookware by nearly 5 to 6%, and in appliances segments it hiked prices by 8%-10% for FY22. The company took this price hike to compensate for sharp surge in input costs. 

Does it make sense to invest in Nifty50 ETF? Yes. Here's why

Nifty50 is the prominent equity index in India, consisting of 50 of the largest Indian companies in terms of market capitalisation that are listed on the National Stock Exchange.

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

Meme Of The Day: When you trade stocks without any understanding

<ul><li>When you trade stocks without any understanding</li></ul>

Meme Of The Day: As Adani shareholders continue to lose sleep over ongoing volatility

After New York-based short-seller Hindenburg Research released a critical report last month levelling a number of allegations against the Gautam Adani-headed Adani group, the impact on stock market was immediate and massive.

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Market Wrap: Sensex, Nifty fall amid weak global cues; banks among top drags

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Meme Of The Day

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