In October 2024, mutual funds made significant investments in large-cap stocks like Reliance and Dr Reddy’s Lab while selling major holdings such as Cholamandalam Investment and Finance and Indian Oil Corp. Equity funds witnessed 21.69% growth in inflows, and inflows into ETFs soared to a new high. The industry saw a record in SIP inflows.

Investing is a money decision, but like all other money decisions, it can also be emotional. Even the outcomes you seek from your investment decisions are somewhat emotional—be it buying a house, funding your child’s higher education, or saving for a comfortable retirement. These choices evoke emotional responses—joy and happiness if achieved and emotional distress if not.

On Saturday, the Central Board of Direct Taxes (CBDT) announced the launch of a Compliance-Cum-Awareness Campaign for AY 2024-25, aimed at helping taxpayers accurately report income from foreign sources in their ITR.

The government has launched the Nationwide DLC (Digital Life Certificate) Campaign 3.0 scheduled for November 2024, aimed at making DLCs accessible to all pensioners, even remote and disabled ones. A DLC is used to provide proof of life to pension disbursing agencies.

Taxpayers are advised to file their pending returns as soon as possible as the time limit for filing returns will soon be applicable. As per a recent GSTN advisory, taxpayers will only be able to file their returns up to three years after the due date, starting from early next year.

While travelling can be great fun, travel insurance is also crucial for protecting against unexpected events like medical emergencies, trip cancellations, and lost baggage during travel. It ensures financial security and peace of mind, covering various contingencies and offering additional options for tailored coverage. Several reputable companies in India provide comprehensive policies catering to different travel needs.

A demat account is used to keep company shares or other securities in digital format. The account is needed for trading in stocks and other securities. Keeping your personal details updated in the demat account is necessary for regulatory compliance.