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Time of India
25-06-2025
- Business
- Time of India
How will new tax rules impact your investment in FoFs?
Post the new tax rules in budget 2024, investors get the benefit of long-term capital gains on FoFs ( fund of funds ) if held for more than 24 months. There is renewed interest among investors in such schemes, with a number of new launches from fund houses. WHAT IS A FUND OF FUND (FoF)? A fund of fund (FoF) is a mutual fund that invests in other mutual funds or exchange-traded funds (ETFs) rather than directly in individual stocks or bonds. Essentially, it's a fund that invests in other funds, providing investors with a diversified portfolio through a single investment Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 'Swing is King': Mr. Hemant's Strategy Finally Explained in Free Session TradeWise Learn More Undo WHICH FoF CATEGORIES ARE POPULAR IN INDIA? The most popular categories of FoFs are the precious metals category and the international funds category. In the gold or silver FoFs, the scheme invests in the gold or silver ETFs of the same fund house. International FoFs invest in funds domiciled outside India, which gives investors exposure to companies listed in other geographies. Recently, the income-plus-arbitrage FoF is also attracting interest, where the scheme invests in a mix of fixed income and arbitrage strategy schemes. In addition, there are equity FoF schemes or thematic FoFs that invest in the best schemes across fund houses or themes chosen from the same fund house. FoFs are now used as a useful tool for diversifying investments across different asset classes WHY ARE FoF SCHEMES POPULAR IN INDIA? WHAT IS THE TAX INVESTORS HAVE TO PAY? Many FoFs are getting popular because, as per the new tax rules, an equity-oriented FoF now enjoys long-term capital gains (LTCG) tax of 12.5% if held for more than 24 months. Earlier, gains were taxed in line with the investor's tax slab. If a FoF invests primarily in equity, it's treated as an equity-oriented fund for taxation; otherwise, it's treated as a non-equity fund. Equity-oriented FoFs and those invested in gold ETFs are subject to long-term capital gains (LTCG) tax of 12.5% (plus applicable cess and surcharge) if held for more than 24 months, and short-term capital gains (STCG) are taxed at the investor's slab rate if held for less than 24 months. Non-equity FoFs are taxed at the investor's slab rate for both LTCG and STCG. Live Events WHAT IS THE DISADVANTAGE OF A FoF? One disadvantage of a FoF scheme is that investors have to pay an expense ratio twice—one for the underlying scheme and another for the wrapper. Investors must keep this in mind while investing in an FoF, especially in categories like precious metals or debt, where returns are low.
Time of India
24-06-2025
- Business
- Time of India
Inside UK's plan for World War 3: Billions for nukes, drones and long-range weapons
The United Kingdom has issued a stark warning about the growing risk of a global conflict, unveiling an ambitious new National Security Strategy (NSS) that calls for sweeping wartime preparedness and historic defence investment. The government says it is preparing for a future that may involve direct attacks on UK soil, drawing comparisons to the mobilisation efforts of World War II. "For the first time in many years, we have to actively prepare for the possibility of the UK homeland coming under direct threat, potentially in a wartime scenario," the NSS states. The strategy warns of escalating global tensions, citing flashpoints such as the Indo-Pacific, rising hostility between India and Pakistan, and recent military conflict between Israel and Iran. 'Significant escalation in any of these theatres,' the document notes, 'would have a profoundly negative impact on our energy security, the cost of living and our ability to grow our economy.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 'Swing is King': Top Trader Hemant's Strategy Finally Explained in this Free Session ! TradeWise Learn More Undo It also points to growing coordination between hostile states like Russia and China, terrorist groups, and transnational criminals. In this increasingly unstable environment, the risks posed by nuclear weapons are described as 'more complex than they were even during the Cold War.' In response, Prime Minister Sir Keir Starmer has committed to raising defence spending to 5% of GDP within the next decade — a scale of investment 'not seen since 1945.' Cabinet Office Minister Pat McFadden emphasized the need to bolster domestic defences and secure the nation's borders. Live Events Key pillars of the strategy include: Construction of six new munitions factories and procurement of up to 7,000 UK-built long-range weapons. £15 billion investment in a sovereign nuclear warhead programme, and £31 billion for the Dreadnought-class nuclear submarine fleet. Creation of UK Defence Innovation, a new agency to accelerate adoption of cutting-edge military technology. £4 billion investment in autonomous systems such as drones , AI-powered targeting, and battlefield communication platforms. The UK is also deepening military cooperation with global allies. Under the AUKUS pact and the Global Combat Air Programme (GCAP) with Australia, Japan, and Italy, the UK will co-develop nuclear-powered submarines and sixth-generation fighter jets. These initiatives are expected to generate tens of thousands of high-skilled jobs, including 30,000 in the submarine sector alone. Another major shift lies in the push for economic self-reliance and reduced dependence on adversarial powers. The government plans to rebuild the defence industrial base, promote innovation by easing regulation, and directly intervene in strategic industries like steel and shipbuilding. To ensure these benefits are felt nationwide, 68% of Ministry of Defence spending will take place outside London and the South East, supporting regional economies and strengthening national resilience. With mounting geopolitical threats and a rapidly evolving battlefield shaped by drones, cyber warfare, and AI, the UK's latest strategy marks a turning point — one that redefines defence not just as protection, but as a pillar of national prosperity and global relevance.
Time of India
19-05-2025
- Business
- Time of India
DLF Q4 profit surges 39%; FY25 sales bookings jump 44% to record Rs 21,223 crore on luxury housing boom
Realty major DLF Ltd 's consolidated net profit rose 39 per cent year-on-year to Rs 1,282 crore for the January-March quarter of FY25, supported by higher revenue and robust demand for premium homes. For the full fiscal year 2024-25, the company reported record sales bookings of Rs 21,223 crore, up 44 per cent from Rs 14,778 crore in the previous year, led by strong pre-sales in its ultra-luxury project 'The Dahlias' in Gurugram. DLF's total income during the January-March quarter rose to Rs 3,347.77 crore from Rs 2,316.7 crore in the same period last year. For the full fiscal, net profit climbed to Rs 4,366.82 crore from Rs 2,723.53 crore, while total income increased to Rs 8,995.89 crore from Rs 6,958.34 crore in FY24, PTI reported. The board has recommended a dividend of Rs 6 per equity share (face value of Rs 2 each) for FY25, subject to shareholders' approval. "Our development business achieved yet another year of robust and consistent performance, with record new sales booking of Rs 21,223 crore during 2024-25. This marked a year-on-year growth of 44 per cent," the company said in a statement. DLF highlighted that its latest super-luxury project, 'The Dahlias', generated Rs 13,744 crore in new bookings during the year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 'Swing is King': Mr. Hemant's Strategy Finally Explained in Free Session TradeWise Learn More Undo "The humbling response to our latest offering underscores our brand's strength and our commitment to customer-centricity. This has resulted in the monetization of approximately 39 per cent of the estimated total sales potential of this project within the first year of its launch," the statement added. DLF also reported a net cash surplus of Rs 5,302 crore for the fiscal. Its overall net cash position improved to Rs 6,848 crore by the end of FY25. "We are optimistic about the sustained housing demand for our products and will continue to capitalize on this momentum by introducing calibrated offerings of new products from a strong and well-diversified pipeline," the company said. Shares of DLF closed 3 per cent higher on Monday at Rs 737.40 apiece on the BSE, with the company's market capitalisation crossing Rs 1.82 lakh crore. Since its inception, DLF has developed over 185 real estate projects covering more than 352 million square feet. The group currently has 280 million square feet of development potential across residential and commercial segments, including ongoing projects and a strong pipeline. Its annuity portfolio stands at over 45 million square feet. DLF operates in both the development business (residential) and annuity business (commercial and retail leasing). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
18-05-2025
- Sport
- Time of India
Will Benson and Rece Hinds secure Reds' victory against Guardians with home runs
Will Benson and Rece Hinds secure Reds' victory against Guardians with home runs (Image Source: Getty) Rece Hinds , who recently joined the Cincinnati Reds , is making baseball history. On Saturday, he hit a big home run in the seventh inning to help his team beat the Cleveland Guardians 4-1. His home that made him the first player in modern MLB history to have 13 extra-base hits in his first 15 career hits. Rece Hinds makes history in modern MLB — reds (@reds) This means most of his hits have been doubles, triples, or home runs—not just regular singles. Only two of Rece Hinds' hits have been singles. Hinds is quickly becoming known for hitting the ball hard and making a big difference in games. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 'Swing is King': Top Trader Hemant's Strategy Finally Explained in this Free Session ! TradeWise Learn More Undo Reds' manager David Bell said: 'He's got a different kind of pop, When he connects, it's loud. And right now, he's doing it consistently.' Rece Hinds hit a big home run to help the Reds win 4-1, their third straight win. Will Benson also hit a homer, and the Reds got strong hits from TJ Friedl, Santiago Espinal, and Austin Hays. The bullpen did a great job, and pitcher Emilio Pagán earned his 11th save. Hinds, 23, is already making history. How did the Cincinnati Reds manage to win against the Cleveland Guardians? The Cincinnati Reds won 4-1 against the Cleveland Guardians on Saturday. Will Benson and Rece Hinds each hit a solo home run to help the Reds secure their third win in a row and win the series. Brent Suter started for the Reds and pitched three scoreless innings. Also Read: 'One Of The Greatest Players In Baseball History'- Reds' Owner Bob Castellini Congratulates MLB For Historic Decision On Pete Rose Cleveland's only run came from Daniel Schneemann, who hit a solo home run in the fifth inning. Slade Cecconi started for the Guardians and gave up three runs in five innings, but struck out eight batters. The Reds responded with Benson's homer, then took the lead in the sixth with big hits from TJ Friedl, Santiago Espinal, and Austin Hays to make it 3-1. Get IPL 2025 match schedules , squads , points table , and live scores for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Check the latest IPL Orange Cap and Purple Cap standings.
Time of India
17-05-2025
- General
- Time of India
At 1.5 lakh, pedestrians made up 20% of road deaths in 5 years
Nearly 1.5 lakh pedestrians died in India from 2019-2023, highlighting their vulnerability despite having right-of-way. A Supreme Court panel audit revealed that footpath availability varies widely across states, often not meeting standards. The court emphasized pedestrians' rights under Article 21, advocating for accessible, encroachment-free footpaths as a crucial, low-cost safety measure. NEW DELHI: Despite having the first right on roads, pedestrians remain the most vulnerable user and data show that nearly 1.5 lakh of them died in road crashes in the country in from 2019-2023 out of the little over 7.9 lakh of all road fatalities during these years. While Supreme Court this week said that 'rights of pedestrians to use footpaths are guaranteed under Article 21 of Constitution', audits carried out in 24 states following a direction of an SC panel found that roads having footpaths across most states and UTs range between 19% and 73%, with Maharashtra having the maximum. Just 3% of J&K roads have pavements Details of the audit findings were released recently by the Transportation Research and Injury Prevention Centre of Injury and IIT-Delhi in its report 'India Status Report on Road Safety'. The availability of footpaths and whether these comply with the norms of width and height specified by the Indian Road Congress (IRC) were arrived at based on surveys across four cities in each state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 'Swing is King': Mr. Hemant's Strategy Finally Explained in Free Session TradeWise Learn More Undo As per the findings, in Jammu & Kashmir, barely 3% of the roads surveyed had footpath, and in the case of Puducherry, it was only 5%. In Bihar and Haryana, 19%-20% of roads had footpath. In most cases, footpath were not as per IRC norms. The apex court, in its order this week, observed, 'It is necessary to have proper footpaths for citizens. They should be such that they should be accessible for persons with disabilities and removal of encroachments is mandatory. This court has recognised that the right of pedestrians to use footpaths is guaranteed under Article 21 of the Constitution.' Amar Srivastava, who heads India Road Safety Campaign, a youth-led road safety movement, said that building proper footpaths and keeping them free for pedestrians is the most low cost intervention to prevent road crashes. 'So, this should be the priority of every city administration and local govts,' he added. According to World Health Organisation, globally pedestrians make up 21% of road fatalities and in India, nearly one-fifth of people killed in road crashes in 2023 were walkers. WHO, last week, released a toolkit for promoting 'walking and cycling' for govt bodies as part of the ongoing UN Road Safety Week with the theme 'make walking and cycling safe', laying out why promoting walking and cycling should be the priority of govts for sustainable development and good health of people.
