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Finance

Last-minute dash for debt mutual funds before tax advantage vanishes

Target maturity funds, longer-duration schemes see high demand Source link

Banks tier II bond issuance surges 3.5 times in FY23, shows data

The tier II bond issuances by commercial banks rose 3.5 times Year-on-Year (YoY) basis to over Rs 59,600 crore in Fy23. Country’s largest...

Fundraising via REITs hits all-time low in FY23 on higher yields on debt

Higher yields on bonds, lack of new launches, limited availability and awareness among investors have made emerging investment instruments REITs and InvITs less...

UPI processes 8.7 bln transactions in March, highest ever since inception

Can India's UPI system go global?UPI processes record 7.82 bn transactions in December, ends 2022 on a highUPI transactions touch a record Rs...

From insurance policies to MFs, here are the new tax rules from April 1

1. Proceeds from high value insurance policies (with premium over Rs 5 lakh annually) to be taxed The Centre had, in the Union Budget,...

MF companies line up differentiated NFOs as new financial year nears

Motilal Oswal AMC to accept fresh investments in international schemesThe reason you must hold on to equity funds despite turbulence in 2023Motilal Oswal...

ICICI to double wealth bankers, boost assets to $60 billion in 2 yrs

By Preeti SinghICICI Securities Ltd. aims to double its wealth managers and boost the assets from rich clients to $60 billion in the...

Govt hikes interest rates on most small savings schemes by up to 70 bps

The government on Friday jacked up interest rates on most small saving schemes for the April-June 2023 quarter, with National Savings Certificate (NSC)...

Benchmark G-sec yields close lower at FY23 end vis-a-vis Dec 2022

RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%RBI MPC: Here is what experts have to say...

Irdai grants life insurance registration to Acko & Credit Access Grameen

With the entry of these two life insurance companies, the number of life insurance companies in the sector goes up to 25. The Insurance...

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