News That Matters

Tag: fund

You only have a few weeks to spend down this health-care fund. Meanwhile, savers forfeit around $400 million annually in unspent FSAs

Finance
AJ Watt | Getty ImagesAre you stocking up on cold and flu meds for the winter? Buying an at-home Covid-19 test kit? If so, you are running out of time to use this tax-advantaged account for those purchases.Health-care flexible spending accounts, which may be available at your job, allow you to stash pre-tax dollars and tap them free of tax for qualified medical expenses.In 2020 and 2021, you can save up to $ 2,750.Though you can use the money as early as Jan. 1, you generally have until the end of the year to use up your funds — or else you forfeit them.The IRS gives employers the choice of allowing workers to roll over some money into the following year — up to $ 550 for 2020 — or offering them up to 2½ months after the plan year ends to spend remaining cash.Bear in mind: Your employer
Half of urban Indians have no retirement plan: PGIM India Mutual Fund survey

Half of urban Indians have no retirement plan: PGIM India Mutual Fund survey

Finance
City dwellers today are saving and investing less, allocating more than half their income to current expenses, finds a survey commissioned by PGIM India Mutual Fund. Do Indians have a retirement plan in place? No: 51% Yes: 49% Worry about the future, however, is increasing People are worried about the cost of living, healthcare issues and the lack of family support in future. Retirement comes way down on the list of financial priorities Children’s needs and security of the family take precedence over all else. PRIORITIES 1. Providing for child’s future, education and marriage 2. Financial security of children 3. Financial security of spouse 4. Providing for medical emergencies 5. Being physically and mentally fit 6. Leading a life without stress or burden 7. Improving standard of living 8
How the new riskometer will alter things for mutual fund investors

How the new riskometer will alter things for mutual fund investors

Finance
Any directive communication, be it the traffic signal or the warning on a packet of cigarettes, is based on a logic. To what extent it is observed and followed by the intended audience is a different question. For mutual fund schemes, the concept of riskometer, with the arrow pointing to a certain risk level portrayed like the speedometer on a car dashboard, has been there for some time. The risk level shown on the meter, as of now, is somewhat subjective, and is decided by the AMC as per the scheme objectives. We are set for a significant improvement on how the needle is set by the AMC, as per the Sebi Circular dated October 5, 2020. This circular will come into effective from January 1, 2021. What does it say? “Based on the scheme characteristics, mutual funds shall assign risk level f
Shakespeare’s Globe among venues to get slice of Culture Recovery Fund

Shakespeare’s Globe among venues to get slice of Culture Recovery Fund

Entertainment
.css-yidnqd-InlineLink:link{color:#3F3F42;}.css-yidnqd-InlineLink:visited{color:#696969;}.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{font-weight:bolder;border-bottom:1px solid #BABABA;-webkit-text-decoration:none;text-decoration:none;}.css-yidnqd-InlineLink:link:hover,.css-yidnqd-InlineLink:visited:hover,.css-yidnqd-InlineLink:link:focus,.css-yidnqd-InlineLink:visited:focus{border-bottom-color:currentcolor;border-bottom-width:2px;color:#B80000;}@supports (text-underline-offset:0.25em){.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{border-bottom:none;-webkit-text-decoration:underline #BABABA;text-decoration:underline #BABABA;-webkit-text-decoration-thickness:1px;text-decoration-thickness:1px;-webkit-text-decoration-skip-ink:none;text-decoration-skip-ink:none;text-...
Mutual fund ‘Risk-o-Meter’ to have 6 categories

Mutual fund ‘Risk-o-Meter’ to have 6 categories

Finance
The Securities and Exchange Board of India (Sebi) has reviewed the guidelines for product labelling in mutual fund schemes based on the risk of their portfolios. The capital markets regulator said the so-called risk-o-meter — a pictorial chart that depicts the risk of the mutual fund product — will have six categories ranging from ‘Low’ to ‘Very High’ depending on the stocks or securities that they invest in. For equity schemes, the risk parameters include market capitalisation, volatility and liquidity measure. “Risk value for equity portfolio shall be a simple average of market capitalisation value, volatility value and impact cost value,” Sebi said. For debt schemes, the risk parameters include credit, interest rate and liquidity. Sebi said the risk value for a debt portfolio will be a