Investors must understand there are no guaranteed returns in any mutual fund schemes: Harshvardhan Roongta
“What Sebi has tried to do in the circular of March 2023 is that you cannot combine a product like this and give an impression to the investor that it is a guaranteed return. Now, AMFI, in the best practices guidelines, has come out with the same thing and has standardised what illustrations to use.” Key Points
Economic TimesOktoberfest! Nifty's best month is coming if you believe in history
In the last 10 years, October has proved to be one of the best months for Nifty bulls as the index has given a positive monthly return in nine out of 10 times with an average return of 2.9%. JM Financial says this is the highest average return observed in any calendar month. Key Points
Economic TimesWho cannot file updated return?
The Budget 2022 amended the income tax laws to allow a taxpayer to file updated return using ITR-U form. However, the income tax laws has clearly defined the instances where a taxpayer can and cannot file updated return. The aim of allowing taxpayers to file updated return is to increase the voluntary compliances and avoid litigation. Key Points
Economic TimesRolling returns: Amid the complexity, lies the opportunity to gauge the consistency of performance of a fu
In a complete market cycle, rolling return, without doubt, could be a better indicator. While, trailing returns, as a return parameter, has been quite popular, but for gauging a fund’s performance, if consistent or not, rolling return is a more effective measure. An analysis of the Small Cap category to examine the difference between these two return parameters highlights that eight out of fourteen funds have beaten their category average in terms of rolling returns since inception. On the other hand, the number is seven when it comes to trailing returns. Also, while the small cap category average trailing return is 15.35%, it is 20.42% in case of rolling returns (Source: AceMF). Key Points
Economic TimesMissed the deadline to file ITR? Check out this option
Anyone who has missed filing income tax return has another chance to update it within two years from the end of the relevant assessment year. Here is all you need to know. Key Points
India Today
GSTR-1 vs GSTR-3B vs GSTR-9: How do three returns differ for businesses
Ease of doing business for MSMEs: There are around 22 types of GST returns, of which around 4 are suspended and eight are view-only in format. The remaining 11 have to be filed depending on the taxpayer category. Key Points
FinancialexpressET Mutual Fund Explains: Looking to generate a target corpus of Rs 1 crore? Use Rule 15*15*15
The 15*15*15 rule is a simple strategy for MF investors to become crorepatis by investing Rs 15,000 monthly for 15 years, assuming a 15% annual return. This approach highlights the power of compounding over long-term investments, enabling individuals to achieve significant wealth accumulation with consistent contributions. Key Points
Economic Times'If Seema Haider doesn't return to Pakistan': Mumbai Police get threat call of another 26/11 attack
Seema Haider is a Pakistani national, who recently entered India via Nepal to marry a Nodia person she met on PUBG. She has converted to Hinduism and doesn't want to return to Pakistan. Key Points
Business TodayPoonawalla Fincorp prioritises profitability as NPAs ease
The return on assets for the Pune-based NBFC rose 172 basis points to 4.4% in FY23. Key Points
FinancialexpressIyer told to 'Go back, score runs in domestic' amid rumoured Virat Kohli return
Iyer has gone 13 straight innings without scoring even a fifty. His last knock of a half-century was against Bangladesh in December 2022. | Cricket Key Points
Hindustan Times
Fortune’s Keep Warzone Return: See what we know so far
Fortunes Keep vanished from Warzone on November 16, 2022, coinciding with Warzone 2's launch, only months after its debut. Despite being overshadowed by Rebirth, the small-scale Resurgence map gained a dedicated fan base. Though the return of Fortunes Keep and Rebirth Island is confirmed for early 2024, an exact date is yet to be disclosed. Key Points
Economic TimesWhat is the password to open income tax intimation notice under section 143(1)?
It is vital that a person reads and comprehends this income tax notice. The intimation under Section 143(1) is password-protected. Within 9 months of the end of the financial year in which the return of income is filed, an assessment under section 143(1) can be made. Key Points
Economic TimesWhat is the last date to file GST annual return and who should file it?
Goods and Services Tax (GST) annual return has to be filed by every GST registered individual whose annual turnover is over a specified limit. However for filing GST annual return, taxpayers have to file their monthly or quarterly GST return first. GST annual return has to be filed using GSTR 9 and GSTR9C if required. Key Points
Economic TimesGame on: Krafton’s BGMI return revvs up Indian esports scene
The lifting of the BGMI block on a trial basis in May has streaming platforms and tournament organisers alike projecting a bump in viewership and revenues. At the same time, professional BGMI teams are seeing their calendars fill up with tournaments and the opportunity to represent India abroad. Key Points
Economic TimesAir India launches Namaste World Sale. Price, dater, other details
Namaste World Sale: Air India announces Namaste World Sale with discounted fares starting at ₹1799 for domestic routes and ₹3899 for international destinations. Business Class fares start at ₹10,899. Travel period is from 02 February to 30 September 2024 Key Points
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Asahi Songwon Colors Q3 FY24 Results Live : loss falls by 86.09% YOY
Asahi Songwon Colors Q3 FY24 Results Live : Revenue increased by 8.58% YoY & loss decreased by 86.09% YoY Key Points
mintMitchell Marsh leaves Australia squad in the middle of World Cup; no return date
"Mitchell Marsh has returned home from the ICC Men's World Cup for personal reasons. A timeline on his return to the squad is yet to be confirmed," said CA. | Cricket Key Points
Hindustan Times'Jimmy Kimmel Live' to 'Tonight Show' - Late night talk shows are returning after WGA strike. Check dates
Late night talk shows were the first to be shut down due to the WGA strike. They will return soon, these will return on October 1 and October 2. Key Points
Economic TimesEY, KPMG back-offices issue advisories on return to work, indicating hybrid model
EY Global Delivery Services (EY GDS) and KPMG Global Services (KGS) employ around 50,000 people between them in India, providing services to the member firms of their parents, EY and KPMG, globally. Both EY GDS and KPMG have sent emails asking specific teams and newly joined employees to “return to office”, people in the know said. Key Points
Economic TimesDisha Vakani is seen with her family in new video, fans demand Dayaben’s return on Taarak Mehta Ka Ooltah Chashmah
Disha Vakani has been on a break from Taarak Mehta Ka Ooltah Chashmah since 2017. She was last seen in a special appearance on the show in 2019. Key Points
The Indian Express
Man purchases a Sony TV from Flipkart, ends up receiving this
The X user claimed that after he opened up the TV box, he found something else. He also said that his complaint isn't resolved yet. | Trending Key Points
Hindustan TimesMonika Halan on busting myths on savings, investment, mutual funds & more
Monika Halan, an analyst, debunks myths about investing in mutual funds. She explains that mutual funds are not a single product but a pipeline that connects investors' money to various investment options like stocks, bonds, gold, and real estate. She emphasizes the importance of considering factors like risk, liquidity, and investment horizon, rather than just focusing on returns. Halan also advises against solely investing in midcaps and smallcaps, as well as expecting guaranteed high returns in the short term Key Points
Economic TimesNetflix revives 'Warrior Nun' as trilogy of films. This is what happened
'Warrior Nun' was canceled by Netflix but will return as a trilogy of films due to fan support. Executive Producer Dean English shared the news online. Key Points
Economic TimesKirby's return to Dream Land Deluxe: The classic game returns with an HD upgrade
Kirby's return to Dream Land Deluxe, the remastered version of the 2011 classic platformer, has returned to the Nintendo Switch with an HD upgrade and some exciting new additions. The game's traditional style and four-player co-op mode make it a standout game that is definitely worth playing. Key Points
Hindustan TimesIs it wise to create a zero-debt portfolio in today's time?
Chirag Muni from Anand Rathi Wealth Ltd advises on debt and equity allocation based on investment horizon, highlighting the importance of debt in stabilizing portfolios and managing market volatility for optimal returns. Muni says: If you have a 6-year plus horizon, then there is a case to have 100% equity. Key Points
Economic Times
Who is Zachariah Branch? Know all about the USC star freshman drawing Devin Hester comparisons
Zachariah Branch, a 5-foot-10, 172-pound receiver, entered USC as the No. 1 receiver in the 2023 recruiting class. Key Points
Economic TimesChandrayaan-4's objective revealed: Here's what it will do on the Moon
The primary objective will be to collect samples from the lunar surface and return the samples safely to Earth for scientific studies. But there's more. Key Points
India TodayTata Investment Corp shares extend gains for 7th day, touch new all-time high
Tata Investment Corp's shares surged by nearly 15% in today's trading session, reaching a record high of ₹6,725 per share. The surge marks a cumulative return of 23.40% over the past six days, attributed to increased trading volumes. Key Points
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