Stock Market MF News

The central government has changed the pension rules. With this, the pensioners who opted for commute pension at the time of retirement will re-apply full pension after 15 years of retirement. The Ministry of Labor has issued a notification to the new rules. This decision will benefit 6.3 lakh pensioners who retire before 26 September 2008. With the new notification, the full pension system will be re-implemented for EPFO employees 15 years after retirement. If an employee retires on 1 April 2005, he will get more pension after 15 years i.e. from 1 April 2020. Under the Employees Pension Scheme (EPS) rules, EPFO ​​members who retire before 26 September 2008 can take a maximum of one-third of the total amount of pension as a lump sum (commuted), while the remaining two to three of their lifetime pension. Used to be as under the current rules of EPF, EPFO ​​members do not get the option to get communication benefits. Under Section 12A of the Employee Pension ...

NFO Details Investment Objective The scheme will adopt a passive investment strategy. It will invest in stocks comprising the Nifty 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus dividend payments by the constituent stocks. There is no assurance that the investment objective of the Scheme will be realized. Plans & Options Plans - Direct & Regular Plan Options - Growth & Dividend Payout & Reinvestment NFO Open Date 24 th March 2020 NFO Closed Date 31 st March 2020 Minimum Application Size (Lumpsum Investment per Application) Initial Investment: Rs. 5,000/- Additional Investment : Rs. 1,000/- Minimum A...

The country is struggling with a coronavirus (COVID-19) infection. Meanwhile, the government on Tuesday provided a big relief for the common man. Finance Minister Nirmala Sitharaman held a press conference after discussing the current situation with the Finance Ministry officials. During this, he said that a relief package for the industries facing the crisis will be announced soon. Made a big announcement for the common man as well. Nirmala said- for the next three months there will be no charge on withdrawing money from any ATM. Apart from this, the condition of keeping a minimum balance in bank accounts has also been abolished. The Finance Minister said that the date for filing ITR returns and linking PAN-Aadhaar has also been extended till June 30. The interest charged on delayed payment of TDS has been reduced from 12% to 9%. The last method for filing income tax for the financial year 2018-19 was extended till June 30. The dispute also ext...

Fiscal 2019-20 will endways 30th June 2020, while the fiscal year 2020-21 will begin on 1st July 2020, but ends on 31st March 2021. The reserve bank of India (RBI) has decided to align its fiscal year with the govt. The central board of the RBI, in its meeting in New Delhi on Saturday decided that the financial year 2021-22 for the financial institution will begin from 1st April. Fiscal 2019-20 will endways 30th June 2020, while the financial year 2020 -21 will begin on 1st July 2020, but ends on 31st March 2021. Thereafter, all financial year will start on 1st April each year. As of now, both - the RBI and also the Government - follow the 'T plus one' system. This suggests the fiscal year spreads over two successive years. But still, there's one fundamental difference. The financial year for the govt starts on1st  April in 'T' (first year) and ends on 31st March in 'T + 1' (second year). The financial year for the RBI, however, be...

Fearing the spread of coronavirus (COVID-19), the country's markets opened with a sharp decline. Due to which the lower circuit had to be installed within the market within the first half an hour. BSE slipped 10% or 2991.85 points to reach 26,924.11. Similarly, the Nifty moved 9.63% or 842.45 points down to 7,903. However, when the market resumed trading 45 minutes later, the decline further increased. Today, the Sensex fell 3,934.72 points to 25,981.24 and the Nifty closed 1,135.20 points down at 7,610.25. Earlier, on March 13, the market also had a lower circuit. However, recovery was also done that day. 3 reasons for market falls 1. Due to the spread of coronavirus (COVID-19) infection, many states of the country have been locked-down till 31 March. 2. Foreign investors are continuously withdrawing money from the Indian market. They have sold shares worth Rs 50,000 crore in about two weeks. 3. Markets worldwide are declining due to fear of spreadi...

The country's largest bank SBI has reduced the interest rate on Fixed Deposit (FD) this month. The bank has cut the interest rate on FD of different duration from 0.10 per cent to 0.50 per cent for less than two crore rupees. These fresh rates announced by the State Bank became effective from March 10, 2020. After the recent revision, the bank will now pay interest at the rate of 4%, 5% on FD of seven days to 45 days, 46 days to 179 days. At the same time, interest on FD of less than one year from 180 days is getting interest of 5.50%. The FD for a period of one year to ten years is getting interest at the rate of 5.90%. Senior citizens get 0.50 per cent more interest than ordinary people. Banks fix their FD rates based on the repo rate and other benchmark rates set by the Monetary Policy Committee of Reserve Bank of India (RBI). Top banks like SBI, HDFC Bank and ICICI Bank offer FDs ranging from seven days to 10 years. In such a situation, if you are thinking of ...