Reliance Infra, Reliance Power sink up to 19% in 6 sessions amid Rs 17,000 cr loan fraud probe
Shares of Reliance Infrastructure and Reliance Power have tumbled up to 19% over the past six trading sessions amid an ongoing investigation into an alleged Rs 17,000 crore loan fraud involving the Anil Ambani-led companies.
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Hans India
14 minutes ago
- Hans India
ELSS funds: A holistic view
Equity-Linked Savings Schemes (ELSS) remain among the most popular and effective tax-saving instruments available to retail investors in India. These offer a unique combination of tax benefits and long-term capital appreciation through equity exposure, making them a compelling option to balance tax planning with wealth creation. Under Section 80C of the Income Tax Act, investments of up to Rs 1.5 lakh made during the fiscal year in ELSS funds are entitled to tax deductions. This directly reduces the investor's taxable income, offering tangible annual savings. For investors in the highest income tax slab of 30%, this deduction can result in potential tax savings of up to Rs 46,800. However, it is essential to note that these benefits are available only under the old tax regime. Taxpayers opting for the new regime, introduced with lower slab rates and fewer exemptions, cannot claim deductions under Section 80C, including those related to ELSS schemes continue to attract investors owing to their equity-linked returns and relatively low lock-in periods - the shortest among all Section 80C-eligible instruments. Traditional investment options, such as Public Provident Fund (PPF) and National Savings Certificate (NSC), also offer security and fixed returns, but come with longer lock-in periods and lower returns. Prior to investing, understanding the lock-in mechanism of ELSS funds is critical. For lumpsum investments, the three-year lock-in begins from the date of the transaction. For example, a one-time investment made on March 31, 2023, would become eligible for redemption on or after March 31, 2026. However, when investing through a SIP, each instalment is treated as a separate investment. Consequently, each monthly contribution carries its own three-year lock-in period, following the First-In-First-Out (FIFO) rule. While this might add complexity to redemption planning, SIPs help investors average out their purchase cost over time—with rupee-cost averaging—which reduces the impact of market that ELSS funds mainly invest in equities, returns are not guaranteed. They can move up based on economic cycles, regional trends, and broad market movements. However, historic data reveals that long-term investors, especially those with a five-year or greater investment horizon, have often earned greater returns than traditional fixed-income tax-saving instruments. This long-term investment horizon helps absorb short-term market fluctuations and increases the possibility of procuring attractive, inflation-adjusted gains. ELSS funds offer investors the option to choose between growth and dividend payout modes. While the former option allows funds to accumulate and compound over a period of time, the dividend payout option enables investors to procure regular income during the lock-in period- an attractive feature for those who require partial liquidity, without redeeming the entire investment. ELSS funds bring with them certain disadvantages. The primary drawbacks comprise risks linked to market volatility or those that accompany long-term bear markets, indicating a broad sense of pessimism among investors and a probable impending economic slowdown or recession. These definitely impact the equity markets, hence ELSS returns. Also, the compulsory lock-in period of three years could prove inefficient for some investors. Furthermore, long-term capital gains that surpass Rs 1 lakh are subject to taxation. For individuals with a medium-to-high-risk appetite, ELSS serves as an excellent entry point for investment in the equity markets. A disciplined investment approach is triggered owing to the lock-in period, and this brings with it the ability to create a meaningful corpus over time. In addition, professional fund management, diversification across sectors, and the supervision and monitoring of processes by market regulator Sebi, add layers of transparency and risk mitigation to the investment should assess their financial goals, investment horizon, and risk tolerance before investing in ELSS funds. Although investor preferences can be affected by recent changes in LTCG taxation and the emergence of alternative instruments, ELSS stands out for its capacity for wealth creation over the long term, relatively low lock-in period, and suitability for SIP-based investment. With a disciplined approach and a long-term perspective, ELSS can serve as the foundation of an investor's tax plan and equity investment strategy to reduce tax liability when creating wealth in a structured manner. There are 40 plus ELSS schemes available in Indian mutual fund market. Performance summary of few schemes are given below on the table. Scheme Name Inception Date NAV* CAGR %* 1 Year 3 Years 5 Years Bandhan ELSS Tax Saver Fund-Reg(G) 26-Dec-2008 150.31 -4.10 16.47 24.59 DSP ELSS Tax Saver Fund-Reg(G) 18-Jan-2007 138.58 -0.79 20.19 24.14 Franklin India ELSS Tax Saver Fund(G) 10-Apr-1999 1472.98 -0.60 20.51 24.70 HDFC ELSS Tax saver(G) 31-Mar-1996 1401.04 3.52 22.84 25.59 Kotak ELSS Tax Saver Fund(G) 23-Nov-2005 115.41 -3.93 17.40 21.79 Motilal Oswal ELSS Tax Saver Fund-Reg(G) 21-Jan-2015 51.95 3.74 26.79 26.37 Nippon India ELSS Tax Saver Fund(G) 21-Sep-2005 128.45 -1.89 18.63 24.22 Parag Parikh ELSS Tax Saver Fund-Reg(G) 24-Jul-2019 31.78 5.13 19.57 22.83 SBI ELSS Tax Saver Fund-Reg(G) 31-Mar-1993 434.20 -2.40 25.23 25.80 *NAV & Data as on 31st July 2025
Time of India
28 minutes ago
- Time of India
Home guard job aspirant dies during fitness test
1 2 Bhubaneswar: A recruitment drive for home guards turned tragic when a 41-year-old aspirant died while undertaking a fitness test in Khurda on Friday. Police identified the deceased as Imadul Haque Khan, a resident of Keranga area in Khurda district. Khan was among 1,614 candidates selected for the fitness test, which was being held since Tuesday. This is the sixth such death during recruitment exams in the state since March. Khan used to work in a private company in Khurda on a monthly salary of around Rs 10,000. The only earning member in the family, he is survived by two children, a 7-year-old son and 4-year-old daughter, wife and mother. A home guard job fetches a monthly salary of Rs 18,360. Candidates were required to complete a 1,600-metre run within 12 minutes near the Taratua reserve police grounds. "Unfortunately, Khan fell ill during the run and collapsed. Despite being rushed to Khurda district headquarters hospital and subsequently to a private hospital in Bhubaneswar, he could not be saved," Khurda SP Sagarika Nath told TOI. Police are awaiting the post-mortem report even as investigation has begun to ascertain the circumstances leading to Khan's death. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Walmart Photos With a New Level of Detail Old Money Style Undo Chief minister Mohan Charan Majhi condoled Khan's death and announced compensation of Rs 4 lakh to the victim's family, the CMO announced in a statement. In light of previous incidents where five men have lost their lives during similar recruitment drives for home guards, foresters, and forest guards in different parts of the state, police said they had adopted all necessary precautions for the fitness test. "The recruitment venue was strategically chosen within a 400m radius of the district headquarters hospital to ensure immediate medical assistance. An ambulance equipped with an oxygen support system, paramedics, and a team of doctors were stationed at the site," Nath said. The running tests were scheduled between 6 am and 10 am under cloudy skies with normal humidity levels. "Adequate drinking water and staff support were available every 400m along the 1.6 km course. Prior to the test, candidates underwent physical screening by doctors and submitted self-declaration forms regarding their health status," the SP added. Sahadeb Mohanty, a retired police officer, emphasised the need for candidates to be transparent about their medical conditions. "Those with heart ailments, blood pressure issues, or other underlying health conditions should refrain from participating in rigorous fitness tests. Prior medical screening and proper medical support during such events are absolutely crucial," Mohanty said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
28 minutes ago
- Time of India
‘Tilak Pravesh Dwar' to enhance Ayodhya's spiritual stature
Lucknow/Ayodhya: The UP govt is building an entrance gateway, 'Tilak Pravesh Dwar', on the Panchkosi Parikrama marg in Ayodhya . Located near the sacred Hanuman Gufa, the Rs 1.89 crore project is being executed by the Ayodhya Development Authority as part of the UP govt's broader vision for the city. Nearly 60% of the construction work is already complete. Far beyond being a mere architectural structure, the gateway is envisioned as a powerful emblem of Ayodhya's rich spiritual heritage, religious grandeur and cultural pride, officials said. Designed to offer a majestic and spiritually enriching entry to devotees undertaking the Panchkosi Parikrama, the gate will combine classical temple architecture with modern construction techniques, showcasing Ramayana-era elements, traditional craftsmanship and religious symbolism. The gateway is expected to elevate Ayodhya's image not only as a spiritual centre but also as a vibrant hub of tourism and cultural beautification. The surroundings will be adorned with an impressive façade, intricate stone carvings, sculpted pillars, thematic lighting, and lush landscaping. Special focus is being placed on quality and aesthetics to ensure the gate becomes a prominent landmark and attraction for visitors. Commenting on the project, vice-chairman of the Ayodhya Development Authority, Ashwini Pandey said, "The Tilak Pravesh Dwar will significantly enhance the city's spiritual stature and will also be an architectural marvel. Every effort is being made to complete it on time and dedicate it to the public ahead of upcoming religious festivals. We aim to make it a memorable and soul-stirring experience for devotees and tourists alike. " Once completed, the gateway will serve as a new spiritual and visual landmark, inspiring awe in the lakhs of devotees and tourists who travel the Panchkosi Parikrama route every year, officials said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
