‘Teenage Bitcoin Millionaire’ Co-Founds $1 Million Investment Fund for Crypto Startups

The leaders of crypto payment app Metal Pay, Marshall Hayner and Erik Finman, are launching an investment fund. Dubbed Metal VC, the $1 million dollar fund will focus on micro and angel investments, primarily in early-stage companies involved in banking and decentralized finance. The fund will allow the startup to align with partners as it expands globally, according to Metal CEO Hayner. The Metal subsidiary closed its first deal last month, with an undisclosed stake in the Binance-backed startup Yellow Card, which provides a cash-to-crypto on-ramp for emerging markets. A week after…

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Mutual Fund Investment: 5 reasons to invest in tax saving mutual funds

Investing in tax-saving mutual funds gives the benefit of diversifying your portfolio as per requirement. Tax-saving mutual funds, over the years, have proven to be the best tax-saving option for investors. While there are various tax-saving investment options such as National Pension System (NPS), National Savings Certificate (NSC), and Public Provident Fund (PPF), among others, Equity-Linked Savings Scheme (ELSS) has remained the most preferred. Here are 5 reasons why you should consider investing in tax-saving mutual funds (ELSS): 1. Lowest Lock-in Period Conventional tax-saving instruments generally come with long lock-in…

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Mutual Fund Investment: Want better returns? 5 immunity boosting funds to SIP this monsoon

The mutual funds mentioned below will provide stability and performance considering the current market scenario. With uncertainty gripping the world with important external events like US-China Trade War, US-Iran faceoff and internal events like slowdown in economy in India in terms of Auto and FMCG sales, it makes sense to invest in the equity market via mutual funds systematically, thereby enabling the investor to take advantage of the Lows and Highs faced by the market. The below-mentioned mutual funds cater to different categories like Large Cap, Mid Cap, Small Cap,…

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Filing Income-Tax Returns: 5 tax implications of mutual fund investments

If you are a  mutual fund investor, one of the important things to understand is the tax implications on your investments. Investment in mutual funds comes with various tax provisions. Thus, while investing in equity funds can carry tax saving benefits under Section 80C of the Income Tax Act along with the Long Term Capital Gains (LTCG) taxation, investing in debt funds come with indexation benefit. However, there is often confusion on mutual fund taxation. For example, many of us think that investments in all equity mutual fund are eligible…

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David Cameron to set up £750m UK-China investment fund

China’s President Xi Jinping drinks a pint of beer with David Cameron during his visit to Britain in 2015 CREDIT: GETTY David Cameron is helping to set up up a new £750m UK-China investment fund aimed at forging closer ties between the two countries, it has been confirmed. The former Prime Minister will become vice chairman of the new private equity fund after being approached for the role by Lord Chadlington, a friend and former Tory donor. The announcement, which confirmed reports published last month, came as the Government prepared to set…

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Government To Fund Scholars For Post-Doctoral Research In India

The National Post-Doctoral Fellowship was launched a month ago and would fund around 1000 scholars this year. (Representational Image) New Delhi:  In a bid to prevent brain drain, the government has embarked upon a scheme to fund pure science scholars, who have completed their PhDs, to enable them continue their post-doctoral research in India. According to Ashutosh Sharma, Secretary, Department of Science and Technology, the scholars would be paid Rs. 50,000 per month for the period of three years and would also be given a basic grant of Rs. 7…

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