Latest News & Updates in Personal Finance Industry

In the ever-evolving landscape of personal finance, staying ahead of the curve is paramount. What groundbreaking developments have unfolded in April 2024? From investment trends to regulatory changes, discover the latest insights shaping the financial world. Whether you’re a seasoned investor or a financial enthusiast, this comprehensive update promises to illuminate the intricacies of the personal finance industry. Join us as we delve into the headlines, analyze trends, updates in personal finance and uncover opportunities that could redefine your financial strategy in the months ahead:

Latest Financial News Highlights:

SEBI mandates increased disclosure of risks for Small & Midcap Funds:

Amidst surging inflows into small and mid-sized funds, regulators express concern over their resilience during market downturns, prompting authorities to urge asset managers in India to enhance risk disclosure for these funds.

Key economic indicators indicate strong growth in India’s economy:

India’s economy is thriving, with a robust 8.4% GDP growth rate in Q3, accompanied by a notable 12.5% surge in GST collection, the highest monthly sales for auto firms, and a five-month high in manufacturing
activity.

February 2024 Drives Continued Growth in Passenger Vehicles Sales, up 11.3% Year on Year:

In February 2024, there’s a Steady 11.3% Year-on-Year Surge in Passenger Vehicle Sales, Fueled by Maruti, Tata, and M&M. Yet, Month-on-Month Shows a 5.4% Decline.

MF assets surged to 54.52 trillion in Feb’24, Up 34% year on year:

The AMFI data for February 2024 unveiled that the Average Assets Under Management (AAUM) in the Mutual Fund industry reached %54.52 trillion marking a substantial increase from %40.68 trillion during the corresponding period of the previous year.

Source: Multiple News Portals

Monthly Market Data:

Particulars	Open	High	Low	Close	Change %
Sensex	72,606.31	74,245.17	71,674.42	73,651.35	1.42%
Nifty	22,048.30	22,526.60	21,710.20	22,326.90	1.25%
Nasdaq	16,109.83	16,538.39	15,862.63	16,379.46	1.65%
Gold	$2,043.44	$2,236.32	$2,038.55	$2,232.38	8.46%
Crude	$78.42 $83.55	$83.55	$76.87	$83.44	6.02%

Financial Performance Trends Over Various Time Horizons:

Particulars	6M	1yr	3yr	5yr	10yr
Sensex	21.41%	27.84%	14.03%	13.49%	12.55%
Nifty	30.88%	31.71%	14.57%	13.86%	12.80%
Nasdaq	54.13%	39.80%	7.84%	16.21%	17.59%
Gold ($)	43.49%	13.11%	9.25%	11.56%	5.40%
Crude ($)	-18.09%	13.35%	10.35%	6.83%	-1.95%

*Source: Investing.com/wsj.com Market Data Period – 01/03/2024 to 31/03/2024

Important Events in April 2024:

– 7 April 2024:

Due date for deposit of Tax deducted by an office of the government for March 2024. However, all sum deducted by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without the production of an Income-tax Challan.

– 14 April 2024:

The due date for issuing of TDS Certificate for tax deducted under section 194-IA in February, 2024

– 15 April 2024:

Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for the quarter ending March, 2024

The due date for the furnishing statement in Form No. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for March, 2024.

– 30 April 2024:

The due date for furnishing of Form 24G by an office of the Government
where TDS/TCS for March, 2024 has been paid without the production of a
challan

The due date for furnishing of challan-cum-statement in respect of tax
deducted under section 194-lA, 194-IB, 194M in March, 2024

The due date for furnishing of challan-cum-statement in respect of tax deducted under section 1945 in March, 2024

Note: Applicable in case of specified person as mentioned under section 1945

The Due date for the deposit of Tax deducted by an assessee other than an office of the Government for March, 2024

The due date for e-filing of a declaration in Form No. 61 containing particulars of Form No. 60 received during the period October 1, 2023 to March 31, 2024

The due date for uploading declarations received from recipients in Form 15G/15H during the quarter ending March, 2024

The due date for deposit of TDS for the period January 2024 to March 2024 when the Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H

Source: Income tax India

Mutual Funds Category-wise Performance at a Glance:

Category	1 Year	3 Years	5 Years	10 Years
Equity – Contra	48.08	24.24	20.72	18.04
Equity – Dividend Yield Fund	46.08	24.80	19.76	16.02
Equity – ELSS	40.87	19.01	16.81	16.14
Equity – Flexi Cap Fund	42.07	18.70	16.70	16.18
Equity – Focused Fund	40.40	18.20	16.53	16.01
Equity – Large & Mid Cap Fund	45.10	20.86	18.29	17.08
Equity – Large Cap Fund	38.20	16.79	15.20	14.30
Equity – Mid Cap Fund	52.44	23.71	21.31	19.98
Equity – Multi Cap Fund	48.45	23.62	20.59	18.07
Equity – Small Cap Fund	50.50	27.81	24.53	21.64
Equity – Value Fund	49.52	22.71	18.18	17.71