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My wife is 35 years old and has been working for 13 years. She is planning to quit work and will receive a sum of Rs 3 lakh as gratuity. She has a high risk appetite. Can you suggest some mutual funds or stocks for investing this amount? Also, will the gratuity be taxable? Rushabh Desai, Founder, Rupee With Rushabh Investment Services: Given your wife’s age, high risk appetite, and long-term investment horizon of more than 10 years, a portfolio with 50-60% in flexi-cap funds, 20-25% in mid-cap funds, and 20-25% in small-cap funds is ideal for wealth creation.

equity mutual funds had a portfolio turnover ratio of more than 100% for the last three consecutive months. ETMutualFunds looked at the portfolio turnover ratio of around 266 equity mutual funds for three straight months. A higher portfolio turnover ratio indicates continuous buying and selling of stocks by the fund managers. The continuous churning of the portfolio by the fund manager increases the costs and drags down the return of the scheme. Bandhan Large Cap Fund had a portfolio ratio of more than 150% in all the three months. Baroda BNP Paribas ELSS Tax Saver Fund, an ELSS fund, had a portfolio turnover ratio of more than 100%.

This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Share Price Today Live Updates: The NIFTY IT at (1.95%), NIFTY Metal at (1.02%) & NIFTY India Digital at (0.82%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Realty at (-1.19%), NIFTY Infrastructure at (-1.19%), NIFTY India Consumption at (-0.39%) are currently the low performing sectors Nifty 50 Share Price Today Live Updates: The Nifty 50 opened at 26248.25 (0.12%) , 32.2 points higher than the previous closing.

This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Share Price Today Live Updates: The NIFTY IT at (1.96%), NIFTY Metal at (1.04%) & NIFTY India Digital at (0.83%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Realty at (-1.15%), NIFTY Infrastructure at (-1.15%), NIFTY FMCG at (-0.39%) are currently the low performing sectors Bank Nifty Share Price Today Live Updates: The Bank Nifty opened at 54338.7 (-0.07%) , -36.65 points lower than the previous closing.

Subscribe to enjoy similar stories. Mumbai: To boost corporate governance practices, the capital market regulator plans to extend the mandate of setting up risk management committees (RMC), to the top 2,000 companies listed on exchanges as per their market share. This comes after the Securities and Exchange Board of India (Sebi) in 2020 mandated that the top 1,000 listed companies set up RMCs.

Subscribe to enjoy similar stories. In an attempt to curb the retail euphoria in equity options, the capital markets regulator is likely to implement all seven measures recommended by the Padmanabhan committee at its board meeting on Monday, according to two persons aware of the matter.

Federal safety investigators are making urgent recommendations to Boeing and the Federal Aviation Administration to prevent certain 737s from veering off the runway after landing

This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Share Price Today Live Updates: The NIFTY IT at (0.47%), NIFTY FMCG at (0.32%) & NIFTY India Consumption at (0.27%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Consumer Durables at (-0.52%), NIFTY Metal at (-0.52%), NIFTY PSE at (-0.25%) are currently the low performing sectors Bank Nifty Share Price Today Live Updates: The Bank Nifty opened at 54045.85 (-0.04%) , -19.25 points lower than the previous closing.

This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Share Price Today Live Updates: The NIFTY IT at (0.48%), NIFTY FMCG at (0.33%) & NIFTY Realty at (0.27%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Consumer Durables at (-0.51%), NIFTY Metal at (-0.51%), NIFTY Oil & Gas at (-0.24%) are currently the low performing sectors Nifty 50 Share Price Today Live Updates: The Nifty 50 opened at 26005.4 (0%) , 1.25 points higher than the previous closing.

Insurance acts like a safety net, helping protect you and your family from unexpected situations that can cause financial stress. Whether it’s a car accident, a health emergency, damage to your home, or losing a primary earner, having the right insurance can ease your financial burden, allowing you to focus on getting back on your feet.

A systematic withdrawal plan (SWP) from a mutual fund can deliver regular income with tax efficiency. An SWP is the mirror image of a systematic investment plan (through which investments are made regularly).

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Rajat Sharma, Founder & CEO, Sana Securities, says stick to largecaps, stick to stocks where you still see value, be prepared to take a 10-15% dip because even if it happens, it is going to bounce back really sharply. Further, Sharma says he likes FMCG stocks like ITC, Britannia, and Dabur where he sees a lot of value. Earlier, he used to find private banks really expensive. But right now, he thinks Axis Bank and HDFC Bank make a very compelling case to buy. What are you making of the market right now, given the global construct – not just the Fed rate cut, but the measures from China as well earlier this morning and now our stint with Peak 26,000 and then straight away an 80-point fall from there? Rajat Sharma: Compared to the way markets have gone up, 80-100 points move is just a blip. These days when I talk to clients and when I invest money, I tell them upfront that 10% to 15% correction from here should not bother you and if it does, then wait before you get into the markets because since April, the markets have run up quite aggressively. We were trading at a multiple of around 22 that time, now we are trading at a trailing multiple of 24 and this is after four years back, we changed how we calculate the price earnings from standalone to consolidated.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Also read | Former Reliance Jio executive raises $130 mn to back mid-market startupsSome of the carriers raised the issue of messaging and calling apps like WhatsApp and Telegram being excluded from the telecom regulator's recommendation on new licensing rules. Telcos have for long demanded to bring calling and messaging apps, called OTTs, under the ambit of telecom licences as they provide calling and messaging services like any telecom operator.

Best recliner chairs for comfort and relaxation: Top 7 picks to relax in style and comfortThe Amazon Great Indian Festival Sale will be offering up to 50% off on a wide range of mattresses, making it the perfect time to upgrade your sleep setup. From memory foam to pocket-spring mattresses, you’ll find the ideal choice for enhanced comfort and support. Upgrade your sleep experience with premium brands that focus on quality and durability.

Subscribe to enjoy similar stories. Breakout stocks to buy or sell: India's benchmark indices, Sensex and Nifty 50, extended their winning streak for a third straight session, hitting record highs on Monday, 23 September 23. Gains were driven by solid financial service performance, with additional support for realty and auto stocks.

With holiday shopping season around the corner, experts recommend caution when your favorite store offers you a credit card

Subscribe to enjoy similar stories. Mumbai: As the beauty industry pivots to personalization, L’Oréal, the global cosmetics leader with annual revenue exceeding $40 billion, recognizes the critical role of marketing. As the fourth-largest advertiser worldwide, the French multinational allocates around 32% of its net sales to advertising and promotions, according to Asmita Dubey, L’Oréal’s global chief digital and marketing officer.

large language models (LLMs) and artificial intelligence is finding early adoption in the fast-growing wealthtech sector in India. As tech startups in this sector are looking to go beyond robo advisory and algorithm-based trading which have already become the norm, innovative founders are experimenting with advanced AI models like ChatGPT to find better ways of processing market information and servicing clients. “We have built an AI-powered recommendation engine, and it is reaching a level of efficiency where it is possible to provide services through voice-based commands from users. We are incorporating generative AI into various processes, including prospect identification, recommendations, and content dissemination for learning and development for our advisors,” said Manu Awasthy, chief executive officer of Centricity. Centricity will have a 20-member team dedicated to working on various generative AI tools, Awasthy added. Lightspeed India Partners backed Centricity primarily caters to the investment needs of high-net-worth individuals.

Subscribe to enjoy similar stories. Buy or sell stocks today: Indian stock market indices Sensex and Nifty 50 surged over one per cent each to hit fresh record highs in the morning market session on Friday, September 20.