Sashind Ningthoukhongjam

Mumbai

Personal Finance Correspondent at Mint

Personal Finance at @livemint

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Articles

Fund houses suggest these four tweaks to make mutual funds even more sahi

5 days ago | livemint.com | Sashind Ningthoukhongjam

To smooth out these and other issues, the Association of Mutual Funds in India (AMFI), on Sebi's direction, has asked asset management companies (AMCs) to suggest changes that could streamline the operations of the mutual fund industry and benefit investors. Here are four changes that a few AMCs suggested, which they shared with Mint on the condition that they not be named. Stamp duty headachesBuying units of mutual funds attracts stamp duty at the rate of 0.005%.
Why do some stockbrokers want to access your contacts, calendar and other apps?

1 week ago | livemint.com | Sashind Ningthoukhongjam

Mint went to the Google Play Store and checked what permissions 16 popular stockbroking apps request from Android users. What we found is that different brokerages ask for different kinds – and numbers – of permissions. Consider Angel One, India’s third-largest stockbroker by active clients. The app asks for permission to read the user’s contact list, and to know which other apps are installed on your phone.
Here's how NRIs can save up to 18% GST on insurance premiums

1 week ago | livemint.com | Sashind Ningthoukhongjam

Take the case of Ankit Jain, a 40-year-old NRI who works as a consultant in Germany. He paid ₹86,641 for his policy but will receive a ₹15,595 GST refund, thanks to sub-clause (iv) of Section 2(6) of the Integrated Goods and Services Tax (IGST) Act.
Why Arun Kumar of FundsIndia backs investment styles others are avoiding

2 weeks ago | livemint.com | Sashind Ningthoukhongjam

Money Summary Arun Kumar, vice-president and head of research at FundsIndia, likes it when certain investment styles or investment approaches are not doing well and currently he's watching momentum-oriented funds This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. Arun Kumar, vice-president and head of research at FundsIndia, has a distinct style of investing in mutual funds, one that leans heavily on value investing.
My dogma on gold was unwise: Srikanth Meenakshi on lessons from a humbling year

3 weeks ago | livemint.com | Sashind Ningthoukhongjam

“He listened to everything I said," Meenakshi recalls, “and a couple of days later, came back and said—and I am not making this up—that he had a hunch gold would do well. I tried to talk him out of it, but he stuck to his guns and put all his money into a couple of gold ETFs. And of course, he’s the one laughing now." The incident forced Meenakshi to revisit one of his core investing biases.
My dogma on gold was unwise: Srikanth Meenakshi on lessons from a humbling year

3 weeks ago | flipboard.com | Sashind Ningthoukhongjam

India 'Turns Off' Indus Waters Treaty Tap: Here's How This Will Impact PakistanThe decision by the Cabinet Committee of Security (CCS) came a day after the terror attack in Pahalgam India’s suspension of the Indus Waters Treaty …
A loan insurance safeguards the family. But is it worth it?

3 weeks ago | livemint.com | Sashind Ningthoukhongjam

Here’s how the bank manager put it: Pay a one-time upfront premium that will insure the loan for the entire tenure. If you feel the amount is large, don’t worry. We will pay the insurance premium, and the balance will be added as an additional loan. Borrowers are also given the option of a periodic premium, but if they fail to pay it on time, there is a risk that the policy can lapse.
Nippon Mutual Fund website has been down since a cyberattack on 9 April

3 weeks ago | livemint.com | Sashind Ningthoukhongjam

The website of Nippon Life India Asset Management Ltd, India's largest mutual fund by number of investors, has been down since a cyberattack hit the company’s IT infrastructure on 9 April. When Mint visited the website on 17 April, the home page was accessible but the login page was not. The company wrote in an exchange filing on 10 April, “There has been an incident involving a cyber attack on our IT infrastructure late last night.
Sachet-sized mutual funds can still be difficult for maids and cooks as an investment option

4 weeks ago | livemint.com | Sashind Ningthoukhongjam

However, this means that low-income earners are left with low-growth savings or sometimes end up watching their lifetime savings disappear after investing them in fraudulent schemes. Mint talked to people who tried to get their house helps to invest in mutual funds. The problem starts from trying to convince them to opt for a mutual fund instead of buying a gold necklace. However, once they’re in, there are structural hurdles to cross – and not all find it easy to complete the process.
Inside Sebi’s plan to verify investment performance claims

1 month ago | livemint.com | Sashind Ningthoukhongjam

Unregulated influencers have long flaunted fake screenshots of their trading accounts to trap gullible investors. However, the market regulator found that even regulated players, such as research analysts and investment advisors, have been making such unverified claims To address the issue, the Securities and Exchange Board of India (Sebi) issued an advertisement code in 2023 that barred regulated players from exhibiting their performance.