Hybrid long-short SIFs differ in how they balance equity, debt and short positions.

The Mumbai ITAT deleted a ₹3.95 lakh penalty imposed on a ship captain who had failed to file his ITR on time. The taxpayer later filed his return in response to a reassessment notice, but the income declared was accepted without any addition.

Gold and silver prices in India witnessed a sharp drop during early trading hours on Tuesday. Check retail rates of the precious metals in top metro cities of the country.

A recent ITAT ruling has clarified that money received by a taxpayer while acting as a power-of-attorney holder does not automatically become his taxable income. The tribunal deleted a ₹1.25 crore addition after finding that the taxpayer had received the amount on behalf of three property owners.

The proposed three-day nationwide bank strike from 28 to 30 September was deferred after talks between the IBA and UFBU. Check if banks are open in your city today, 29 September.

Portfolio overlap between mutual funds is not necessarily a problem, particularly when schemes have different strategies, risk profiles or portfolio roles. However, excessive overlap can leave investors with concentrated exposure despite holding multiple funds. 

A ₹1,000 monthly SIP can grow substantially over a decade as returns compound. We look at diversified equity mutual funds that delivered the highest 10-year SIP returns, with Quant Small Cap Fund leading the list. Here’s how the funds compare.

8th Pay Commission: The official terms of reference outline what central government employees and pensioners can expect from the panel. We will likely get official recommendations sometime next year. 

Sectoral mutual funds have seen a sharp divergence in returns over the past two years, with some sectors delivering strong gains while others slipped into the red. Here's what drove this divergence, and what should investors consider before making sectoral bets. 

From 1 October, households need biometric Aadhaar verification to keep accessing LPG subsidies, affecting 14.2 kg refills. Also, revised NPS charges and changes to ATM transactions for SBI customers will be implemented.