11 debt mutual fund schemes lost over 1 per cent in a single day

The stock market greeted the finance minister Nirmala Sitharaman’s announcement on corporate tax cuts with a rally of 1,900 points on Friday. Most equity mutual funds crawled out of the negative zones on...

Pensions expert urges pension review: 1 in 4 Brits fear they'll DIE before drawing...

More than a quarter (25.2 per cent) of British citizens believe that they will die before they draw their pension, according to the results of a new survey. According to the research carried...

Online banking? The simple ways you can protect data and reduce risk of fraud

In the first half of 2019, losses due to unauthorised financial fraud on payment cards, remote banking and cheques increased by two per cent, to £408.3 million, according to UK Finance. In the...

Central Bank of India cuts MCLR across all tenors

After the Reserve Bank of India cut the repo rate by 35 basis points (bps) last week during its monetary policy review, many banks have started lowering lending rates. The most recent one...

State Bank of India cuts interest rates on savings accounts, fixed deposits

The country’s largest lender, State Bank of India (SBI), has been on an interest rate cutting spree Wednesday morning. In good news to borrowers, the lender cut interest rates on MCLR linked loans...

Rail fares to rise by 2.8% in January

Rail fares will rise by a further 2.8% in January, it has been confirmed, amid warnings from campaign groups and unions that ever higher train fares risk driving passengers off the railway. After a...

Tax on state pension: Are you eligible for extra payment? Additional amount is tax-free

Income Tax must be paid to HM Revenue and Customs (HMRC) on taxable income which is greater than a person’s tax-free allowance. Some types of income will be subject to the tax, while...

Don’t dump mid cap mutual funds because of short-term underperformance, say advisors

Mid cap mutual fund investors are concerned about the dismal performance of their schemes. Many of them are contemplating selling their investments, say mutual fund advisors. The mid cap mutual fund category has...

Work until 75? Many people won’t even live that long | Frances Ryan

An influential conservative thinktank – fronted by the former work and pensions secretary, Iain Duncan Smith – has proposed the state pension age should rise to 75 over the next 16 years. If...

9 changes that impact your financial plan for FY2019-20

Your financial planning for the new financial year, i.e., 2019-20 should take into account the changes in the personal finance landscape that come into effect from April 1 this year. So here are...