Mutual funds are loading up on information technology (IT) stocks on improved valuations and low downside risk after a double-digit correction in top companies like Infosys and Wipro.
IT stocks were MFs top sectoral buys in April when they invested a net of Rs 2,100 crore.
In the first four months of 2023, the net investments in IT amounted to Rs 9,500 crore, shows an analysis by ICICI Securities.
Before you decide to opt-in for the higher pension income, it is essential to understand the new pension rules' details, including corpus re-allocation
Update your new employer about your income and tax deduction at the earlier job to enable correct TDS calculation. Use the salary hike to pre-pay your loans and set aside some money for investments.