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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
livemint.com / 1 year ago
15 ELSS mutual funds multiplied investors’ wealth by over 1.25 times in 3 years
SBI Long Term Equity Fund, the oldest ELSS fund, multiplied investors’ wealth by 1.40 times in the last three years. A monthly SIP of Rs 10,000 would have turned to Rs 5.04 lakh now, with Rs 3.60 lakh as the invested amount. The scheme gave an XIRR of 23.49% in the mentioned period.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-119585099»>Also Read | Last-minute tax-saving idea for FY25: Can ELSS mutual funds still be a good fit into your portfolio?
Motilal Oswal ELSS Tax Saver Fund turned the same SIP amount by 1.37 times to Rs 4.91 lakh with an XIRR of 21.54% in the last three years, followed by HDFC ELSS Tax saver, which multiplied investors’ wealth by 1.36 times to Rs 4.88 lakh now. The scheme gave an XIRR of 21.07% in the said period.
Parag Parikh ELSS Tax Saver Fund and HSBC ELSS Tax Saver Fund multiplied investors’ wealth by 1.30 times each. A monthly SIP of Rs 10,000 in Parag Parikh ELSS Tax Saver Fund would have turned to Rs 4.68 lakh now whereas the same amount in HSBC ELSS Tax Saver Fund would have been Rs 4.66 lakh now.
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Franklin India ELSS Tax Saver Fund multiplied investors’ SIP investments by 1.29 times in the last three years. JM ELSS Tax Saver Fund and Quantum ELSS Tax Saver Fund multiplied investments by 1.28 times.
Four schemes — HSBC Tax Saver Equity Fund, ITI ELSS Tax Saver Fund, Taurus ELSS Tax Saver Fund, and Baroda BNP Paribas ELSS Tax Saver Fund — multiplied SIP investments by 1.27 times each. These schemes gave XIRR ranging
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UPS
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
markets
UPS
IPO
NVIDIA
SpaceX
Even at $5 trillion, Nvidia is underappreciated
Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.
21.05 / 10:17
markets
Digital
CEO
War
Omnicom
RK Swamy bets on integrated advertising model as global agency giants split media and creative
Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
21.05 / 09:47
markets
IPO
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21.05 / 09:47
markets
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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PI Industries’ weak core business keeps investors on edge
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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UPS
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