EPF rule change: Now you can claim partial withdrawal up to ₹1 lakh for medical treatment
The Employees’ Provident Fund Organisation (EPFO) has ordered to enhance the existing eligibility limit of 68J claims for withdrawal from ₹50,000 to ₹1 lakh now.

New EPFO Rule: Limit of auto claim settlements under this section doubled: Know how much a subscriber can withdraw
The Employees’ Provident Fund Organisation (EPFO) has enhanced the existing eligibility limit of auto claim settlements under Paragraph 68J to Rs 1 lakh from Rs 50,000 erlier, according to a circular issued on Tuesday.

Small-cap mutual funds’ assets soar 83% to Rs 2.43 lakh cr in FY24 on retail investor boom
New Delhi: Influx of flows, upsurge in retail investors’ participation and bullish market conditions have boosted the assets for the small-cap mutual fund category to Rs 2.43 lakh crore mark at the end of March 2024, marking an 83 per cent surge compared to the previous year.

Modest rise in net SIP inflows in FY24 owing to jump in redemptions by 54%
Mutual funds (MFs) raked in Rs 87,971 crore net SIP inflows in FY24 compared to Rs 83,873 crore in 2022-23 (FY23).

Why this balanced advantage fund is a useful addition amidst rough markets
After a prolonged rally, markets have turned volatile in recent weeks. Concerns over excess valuations, the Israel-Iran geopolitical tension, rising crude oil prices, and the possibility of the US Federal Reserve delaying rate cuts resulting in increasing bond yields have played a role in this disruption. The outcome of the general elections is another cause for market anxiety.

Mutual Fund folios nearly double in last five years, driven by retail investors
 

AMCs likely to report strong gains in Q4FY24 on back of AUM growth
Although net inflows into Equity Mutual Funds deteriorated month-on-month (M-o-M) in March 2024 to Rs 22,576 crore (excluding Hybrid), down 15 per cent M-o-M (up 12 per cent Y-o-Y), asset management companies (AMCs) had a great year with robust growth in assets under management (AUMs). AMCs are likely to report strong PAT growth (30-40 per cent Y-o-Y) in Q4FY24 on the back of AUM growth.