Author: Shehnaz Beig

Mutual fund schemes that invest in Chinese markets have delivered strong returns over the last year. According to recent data, some of these funds have given up to 53% return in just 12 months. That means an investment of ₹1 lakh would now be worth over ₹1.5 lakh. This sharp rise is mainly due to strong performance in the Chinese and Hong Kong stock markets. The Shanghai Composite Index and Hang Seng Index have gone up significantly, while Indian indices like the Sensex and Nifty have shown much smaller gains. China’s Stock Market Shows Signs of Recovery After facing pressure…

Getting your first job is a proud moment. Your hard work pays off, and the feeling of financial freedom is exciting. But this excitement can sometimes lead to big money mistakes. If you do not fix them early, they can affect your future badly and stop you from getting rich. Let’s understand the five major money mistakes young people often make during their first job—and how to avoid them. 1. Spending Too Much After Salary – Lifestyle Inflation As soon as people get their first salary, they start spending on new clothes, eating out, gadgets, and weekend trips. This sudden…

SBI Mutual Fund, one of India’s most trusted fund houses, has introduced a new AI-powered chatbot named SmartAssist. This service, launched on 1st July 2025, aims to make the investment journey smoother, simpler, and faster, right through WhatsApp. Now, with just a text message, investors can access mutual fund details, start SIPs, track their portfolios, and get supportat any time of the day. This digital assistant brings mutual fund services directly to the fingertips of over 80 crore Indians. What is SBI MF SmartAssist? SmartAssist is an artificial intelligence-based chatbot that connects with users through WhatsApp. It is designed to…

India’s private banks have become a strong pillar of the country’s economy. From profits to asset quality, they have shown consistent performance over the years. Now, retail investors can ride their growth with ease, thanks to the latest mutual fund launch by ICICI Prudential. Starting from 1st July 2025, the ICICI Prudential Nifty Private Bank Index Fund NFO (New Fund Offer) gives investors a simple and affordable way to invest in India’s leading private banks. This open-ended index scheme will remain open till 14th July 2025. Let’s understand what makes this scheme a strong investment choice. What is the ICICI…

Many people believe that having Rs. 10 crore as a retirement fund is an impossible dream. But with early planning, consistent SIP investments, and the power of compounding, this dream can become a reality. If you stay disciplined and start at the right time, you don’t need to earn in crores—you just need to invest smartly. A recent FundsIndia Wealth Conversions Report 2025 explains this clearly. It shows different scenarios based on your age when you start investing and how much monthly SIP you need to reach the Rs.10 crore mark by the age of 60. Let’s explore how simple…

Systematic Investment Plan or SIP is now the go-to method for investors in India to build long-term wealth. Whether you are new to mutual funds or already investing, SIP is considered one of the smartest ways to invest regularly without worrying about market timing. But today, let’s talk about something even smarter — Step-Up SIP. It’s a version of regular SIP, but with a twist that can take your investment returns to the next level. If you’re earning a stable monthly salary, this strategy can help you reach your financial goals faster than a regular SIP. Let’s understand the difference…

The income tax return (ITR) filing season is on, and this year the government has extended the deadline till 15 September 2025. While this gives more time to taxpayers, it also brings more responsibility. Experts say it’s better to file returns early and avoid last-minute mistakes, because a simple error can bring legal trouble — and in some cases, even jail. IT Department Watching Closely The Income Tax Department is getting stricter with its monitoring system. It is now tracking high-value transactions closely. If someone spends more or invests more than what their declared income shows, the department may send…

The much-awaited HDB Financial Services IPO opened for subscription on 25 June 2025. Investors have time till 27 June to bid in this Rs.12,500 crore public offering. Backed by HDFC Bank, this issue is among the biggest in recent years and has already attracted attention from market analysts and retail investors alike. But the big question remains—should you apply for it? Company Profile: What is HDB Financial Services? HDB Financial is a Non-Banking Financial Company (NBFC) and a wholly-owned subsidiary of HDFC Bank. It primarily offers retail loans and financial services to individuals and small businesses. While it enjoys the…

In a historic move, Oman has announced it will impose income tax on its high-income citizens from 2028. This will make Oman the first country in the Gulf Cooperation Council (GCC) to implement such a policy. The move is part of a long-term economic strategy to reduce dependence on oil revenue and to build a sustainable public finance model. Oman’s Economy Minister Saeed bin Mohammad Al-Saqri shared this update on June 23, 2025, during an interaction with Bloomberg. He said the government needs to diversify its revenue base to keep up social spending and reduce over-reliance on oil. Who Will…

India witnessed a historic moment as Shubhanshu Shukla flew to space aboard the Dragon spacecraft under the Axiom Mission 4. Launched from NASA’s Kennedy Space Center in Florida, this mission includes astronauts from India, the USA, Poland, and Hungary. Shukla is set to become the first Indian astronaut to reach the International Space Station (ISS), making it a proud day for the country. While this journey is a significant milestone, what caught everyone’s attention is the high-tech, ultra-expensive spacesuit that Shukla and the other astronauts are wearing. These suits are specially designed to keep astronauts safe during space missions, especially…