
Indian bond yields have surpassed 7%, prompting debt fund investors to explore new opportunities. Axis MF recommends focusing on the 3β5 year segment, especially high-quality corporate bonds and select SDLs, while advising caution on long-duration debt due to inflation and global rate risks. This shift highlights the importance of strategic investment in the current economic climate.
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INDmoney CEO discusses the implications of UPI MDR charges on investors using their digital broking platform. The firm adds βΉ200 crore daily to wallets for trading and mutual funds. Understanding these costs is crucial for users navigating the investment landscape.
Global bond markets, including US Treasury and Japanese yields, significantly affect family finances. Understanding these dynamics is crucial for Indian families planning long-term financial goals, as they influence equities, currencies, and domestic borrowing costs.
Nithin Kamath, co-founder of Zerodha, endorses UPI's Merchant Discount Rate (MDR) as a necessary step for competition. He proposes a capped MDR of βΉ5-10, instead of βΉ300, to alleviate the financial strain on brokers. This move could reshape the financial landscape in India, enhancing market dynamics while addressing cost concerns.
Mumbai ITAT cancels a βΉ23.94 lakh penalty for a taxpayer who initially omitted βΉ38.37 lakh in cash deposits from his ITR. The taxpayer later disclosed this income during scrutiny and paid βΉ19.89 lakh in taxes. This ruling highlights the importance of transparency in tax filings and the potential for penalties to be overturned when taxpayers cooperate with authorities.