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Four ways to review and modify asset allocation in mutual funds

As the financial markets scenario is changing, it is important to review and modify (if needed) the existing asset allocation. However, before going ahead, you should consult your financial advisor.




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Sunday ET: Labour laws: Indians in Gulf forced to return or look for greener pastures

Back home, the workers are looking to start afresh. Their best bet seems to be rehabilitation packages.




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Fresh drive to help illegal Indian workers in Saudi Arabia

The number of Indians who left during the grace period till October-end is 1,34,281, the Indian Embassy here said in a statement.




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New customs form for passengers coming to India from tomorrow

All passengers coming to India will have to fill in a new detailed customs form on their arrival from tomorrow.




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Growing trend: NRIs return home to work as economy surges

The trend of Indians returning from abroad to work here has picked up pace with the recovery in the country's economy.




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India to evacuate nationals from South Sudan

South Sudan's capital is witnessing heavy fighting due to clashes between former rebels and government soldiers in several parts of the city.




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20,000 Indians to return from Saudi Arabia via amnesty scheme

Around 1,500 blue collar workers from Tamil Nadu are among those who are using the amnesty to come back to the country.




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Why children of H-1B workers may now have to leave America

The United States Citizenship and Immigration Services receives about 1,00,000 green card applications from high-skilled applicants of Indian origin every year.




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Franklin Templeton Mutual Fund apologises unconditionally to Sebi

The fund house claimed that media outlets quoted its CEO Jenny Johnson out of context.




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Sony cuts television prices up to 20% to spur demand during Covid-19

The company has cut prices anywhere from Rs 2,000 on the smaller screen televisions going up to Rs two lakh on a flagship 85-inch model apart from rolling out long tenure no-cost EMI schemes and bundling offers. It has launched a new 85-inch model at Rs 5.9 lakh bringing down its earlier pricing structure of Rs 10 lakh in this screen size.




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PMSes thrilled rich investors in April with up to 26% returns

Almost all the 147 PMSes delivered positive returns to investors during the month.




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Exide Life's term policy sales jump 200% in April due to COVID-19: COO

However, Ashwin B added that there has been a significant drop in sales of non-term policies, witnessing a decline of 50 per cent.




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10-year benchmark bond yields fall 14 bps more this week to hit levels last seen in 2009

A hike in taxes on fuels, which will add to government’s revenue, helped lift sentiment.




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Union Bank of India cuts MCLR by up to 15 bps across all tenors

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.




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PNB Housing Finance cuts retail lending rates by 15 bps for existing customers

"We have decided to take this initiative to help our customers to overcome this pandemic and drive growth in the housing sector. With this, over 2.35 lakh of our customers will be positively impacted irrespective of their base loan amount," PNB Housing Finance Managing Director and CEO Neeraj Vyas said.




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Lockdown period not to be counted for determining residency status of NRIs, foreign nationals: CBDT

India has allowed discounting of prolonged stay period for determining the residency status in relief for NRIs.




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Donations to Shri Ram Janmabhoomi Teerth Kshetra eligible for exemption from income tax

In a notification issued Friday, the Central Board of Direct Taxes (CBDT) allowed tax exemption to donations under Section 80 G of the Income Tax Act, on the grounds that the structure would be a “place of historic importance and a place of public worship”.




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YES moratorium: Credit firms can retain ratings of borrowers who couldn’t pay in March

The non-state lender on its part is not reporting such customers to these institutions.




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Young working professionals to cut down expenses as post-Covid world brings uncertainty, job loss

Categories like essentials, at-home entertainment, health and insurance continue to show greater resiliency.




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Managing Tomorrow

“It is information,” he wrote, “that enables knowledge workers to do their job.” This is especially true for executives.




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Ashok Paranjpe joins LIC Mutual Fund Trustee as an independent director

Apart from Paranjpe, HN Motiwalla, Rammohan N Bhave and Thomas Panamthanath are other independent directors of the company while TC Suseel Kumar is a nominee director on the board of LIC Mutual Fund Trustee.




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"Change law that mandates 120 days' stay in India to qualify as NRIs"

A law requiring 120 days' stay in India to claim Non-Resident Indian (NRI) status needs to be changed, an association representing NRIs has demanded, citing economic disruptions due to the coronavirus pandemic.




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Indian-American Ro Khanna appointed to White House COVID-19 advisory council

Khanna, 43, is the only Indian-American lawmaker to be named to the White House's Opening Up America Again Congressional Group which comprises Congressmen from both the Republican and the Democratic parties.




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COVID-19: Many Indian-American doctors in frontline make ultimate sacrifice

Indian-American Dr Madhvi Aya, who contracted the coronavirus in the line of duty in New York, the country's COVID-19 epicentre, could only exchange text messages with her husband and daughter from her hospital bed before she lost the battle to the deadly virus.




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Trump's plan to suspend immigration would affect Indians waiting to migrate to US

Trump's plan to temporarily suspend immigration in view of the Covid-19 pandemic and to protect American jobs, has shocked Indian IT companies and technology professionals. As they anxiously await how the restrictions will pan out, New York-based immigration lawyer Cyrus D Mehta explained its likely impact.




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Indian-American lawyer Seema Nanda to step down as CEO of Democratic Party

Seema Nanda has announced her decision to step down as the CEO of the Democratic National Committee, the top administrative position in the main Opposition party, ahead of the presidential elections in November.




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Indian-American woman elected to American Academy of Arts and Sciences

Renu Khator, an Indian-American university chancellor, has been elected to the prestigious American Academy of Arts and Sciences for her contributions in the fields of education and academic leadership.




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Indians at greater risk from COVID-19 in UK's health sector: Report

"Indian men are 150 per cent more likely to work in health or social care roles than their white British counterparts," according to the report.




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150000 Indians register to be repatriated from UAE

The Indian embassy in Abu Dhabi and the Indian Consulate in Dubai started e-registrations on Wednesday night to form a database of those wanting to return to India. Over 50% of the applicants are from Kerala. Malayalees comprise more than 1 million of the 3.4 million Indians in the UAE.




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Donald Trump taps Indian-American lawyer as US representative to World Bank's lending arm IBRD

Ashok Michael Pinto, who has worked as a Special Assistant and Associate Counsel to former president George W Bush, was on Monday nominated as US Alternate Executive Director of IBRD for a term of two years.




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Stay home, reflect and be part of something bigger: Sunita Williams to Indian students stuck in US

Indian-American NASA astronaut Sunita Williams has advised Indian students stranded in the US due to the coronavirus-linked global travel restrictions to use the occasion to think how they could be a productive and positive addition to the society.




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COVID-19: Indian-American Senator appointed member of committee to address Washington's eco recovery

The committee will consist of four Democrat and three Republican senators. Democratic senators include David Frockt, Manka Dhingra, Christine Rolfes and Rebecca Saldana and Republicans include senators Randi Becker, Tim Sheldon, while one member is yet to be named.




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Analysis of 5 largest debt mutual funds across categories to see if investors should be worried

​​ET Wealth studies the quality of papers held by the five largest schemes of different debt fund categories to see if investors should be worried.




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How to use Value at Risk tool to manage a stock’s downside risk

The unabated volatility is intensifying downside risks in investments. Under these conditions, it is worth looking at statistics that can predict the potential loss a stock or a portfolio can suffer.




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5 ways investors are impacted by closure of mutual fund schemes

Investors will receive whatever amount the fund house is able to recover by liquidating the underlying investments in proportion of their holdings in the respective schemes.




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Lockdown forcing you to stop SIP in mutual funds? Try the pause option first

You should explore the `pause your SIP’ option offered by mutual funds before finalising to stop your mutual fund investments through SIPs.




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I am a new investor. Where should I invest right now to reap maximum benefits?

The current slump in the stock market presents an opportunity to accumulate more mutual fund units.




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EPF withdrawal: How to check, change bank account details in your EPF account

It is important that your correct bank account with IFSC is linked to your Universal Account Number (UAN) to receive the credit of EPF funds timely.




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Time to rebalance your portfolio, invest more in equity mutual funds

The global economy is already in recession. Travel and tourism, restaurants, movie theatres and scores of other businesses have suddenly come to a standstill.




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Which mutual fund should you choose to invest your surplus money?

Many individuals have become extremely careful about their personal finance in the wake of Covid-19 pandemic and mounting concerns about possible job and pay cuts. Many of them have suddenly turned enthusiastic investors.




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Mutual funds to claim tax deduction of Rs 40,000

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.




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How to withdraw money from NPS account for treatment of coronavirus infection

The PFRDA, in a circular dated April 9, 2020, has declared coronavirus infection as a critical illness that is life-threatening in nature. Accordingly, partial withdrawal from NPS has been allowed for covering expenses related to the treatment of COVID-19.




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Best risk-protection tools for investors in a bear market

Knowing and following the fundamentals takes much of the risk out of investing.




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THE K FACTOR

The Kohli and Kumble partnership has played a crucial role in team’s recent success. But to become India’s best captain-coach combo ever, they need to pass tougher tests.




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Why you need to supplement 'indemnity' health covers with 'defined-benefit' health insurance plans

For complete protection from rising medical costs, one needs both indemnity as well as defined-benefit type of health plans.




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Do you want to own a Multi-cap football team?

A multi-cap mutual fund scheme or a diversified equity mutual fund scheme typically invests in stocks across market capitalizations, sectors and styles of investment.




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No last goodbye for Gulf migrant workers lost to pandemic

Millions of foreigners work in the United Arab Emirates and across the other wealthy Gulf nations, providing the backbone of the workforce in hospitals and banks, as well as on construction sites and in factories.




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COVID-19: Indian missions in UAE open online registration for its citizens who wish to fly home

"It is informed that the Embassy of India, Abu Dhabi and the Consulate General of India, Dubai, have started a database to register Indians wishing to travel back to India under COVID-19 situation. The details can be entered through the website of the Embassy by following the link 'Register in Database of Indians to Travel Back to India under COVID-19 situation'," India in Dubai tweeted.




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Coronavirus: Over 32,000 Indians in UAE register to return home

Within minutes, the site faced technical issues, prompting the missions to delete the tweet about it and repost it hours later. In a tweet posted in the wee hours of Thursday, the Indian Consulate asked applicants "to bear with it if it takes time for the page to load due to high traffic.




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Asymptomatic Indians cleared by UAE health authorities only to fly back home from Thursday: Embassy

The Indian nationals cleared by the UAE health authorities and found to be asymptomatic will only be allowed to fly back home in one of India's biggest ever repatriation exercises, the Indian Embassy in Abu Dhabi has said ahead of the first set of flights on Thursday.