I am Wealthy at 23

53 companies have been listed on the main board so far in 2021, compared with 14 in the whole of last year from mint - Money https://ift.tt/2ZFpkEv https://ift.tt/eA8V8J

According to a study, market returns are highest when the trailing PE ratio is below 16 from mint - Money https://ift.tt/3ln5nKb https://ift.tt/eA8V8J

Equity investments tend to give higher returns than all other asset classes over the long run, but they are also riskier Here's a look at the tax rules that apply to some debt-related investment products from mint - Money https://ift.tt/3Eb5DU2 https://ift.tt/eA8V8J

For the saleable component of a redeveloped society, there is a privity of contract between the developer and the flat purchaser, which is recorded under the flat purchase agreement from mint - Money https://ift.tt/317YKEQ https://ift.tt/eA8V8J

All incomes paid to NRIs/OCIs are subject to TDS at rates ranging from 20% to 30% from mint - Money https://ift.tt/3xE3DRG https://ift.tt/eA8V8J

From 1 December, SBI credit cardholders will have to pay the processing fee of ₹99, as per the new rules from mint - Money https://ift.tt/3FTWjEg https://ift.tt/eA8V8J

Under the exchange control law, NRO account can be debited for the purpose of local payments in India in INR, transfers to other NRO accounts or remittance of current income abroad subject to foreign exchange regulations from mint - Money https://ift.tt/316TYHE https://ift.tt/eA8V8J

While applying for an education loan to study in India, factor in the tuition fees, living expenses and purchase of equipment from mint - Money https://ift.tt/31gAJLw https://ift.tt/eA8V8J

Build a portfolio that is sensible to you as an investor, and to stick to the portfolio that you have created in the long run, says Kunal Kapoor, CEO, Morningstar from mint - Money https://ift.tt/3E5mSpz https://ift.tt/eA8V8J

Rolling returns capture the market events, volatility and skills of fund managers from mint - Money https://ift.tt/3ljlvfJ https://ift.tt/eA8V8J

A person’s portfolio holds different types of assets based on her financial goals, and each asset class gives different types of returns, which is why a portfolio must have an ideal mix of financial products from mint - Money https://ift.tt/3D4ha6a https://ift.tt/eA8V8J

Opt for prepayment in case your monthly SIP contributions seem adequate and/or your risk appetite has reduced due to the stretched market valuations from mint - Money https://ift.tt/3rfm9hZ https://ift.tt/eA8V8J

Income tax rules allow setting off losses from business and capital assets with profits made from other assets from mint - Money https://ift.tt/3rlcy9s https://ift.tt/eA8V8J

You should look at the issue price and not just the buying price when buying a series in the secondary market from mint - Money https://ift.tt/3cUKKAn https://ift.tt/eA8V8J

Here are some personal loan rates and other costs of the top private and public sector banks in India from mint - Money https://ift.tt/3nXBnGw https://ift.tt/eA8V8J

Generally, gift of an immovable property can be effected by a registered gift deed along with payment of applicable stamp duty from mint - Money https://ift.tt/3xuXR4G https://ift.tt/eA8V8J

Individuals shouldn’t avoid disclosing all the unlisted shares while filing an ITR from mint - Money https://ift.tt/32vu6Fs https://ift.tt/eA8V8J

There is no assured return in mutual funds but if we take an example of S&P BSE Sensex in the last 10 years, the average return has been around 13% per year for investments held for more than 10 years from mint - Money https://ift.tt/3lAsMbl https://ift.tt/eA8V8J

Mutual fund calculator: On long-term SIP investment like 30 years or more, one can expect at least 12 per cent annual return, which may go up to 16 or may be 17 per cent as well, believe tax and investment experts from mint - Money https://ift.tt/3dbixpj https://ift.tt/eA8V8J

Current rally in gold price can be attributed to the new Covid variant strain, say commodity market experts from mint - Money https://ift.tt/3FUiRFa https://ift.tt/eA8V8J

One can make an equity investment by opting for 12 months systematic transfer plan route, while one can also make a hybrid investment in a lump sum from mint - Money https://ift.tt/3CYU54X https://ift.tt/eA8V8J

Consider diversifying your mutual fund investment across 5 to 6 funds and avoid putting all the money in index fund even though index funds are good for investing from mint - Money https://ift.tt/3r95oVQ https://ift.tt/eA8V8J

Tier I also called pension account and is the main retirement account which is mandatory. Tier II is like a saving account to park your surplus funds which you can withdraw anytime and is optional. from mint - Money https://ift.tt/3nV9Ntk https://ift.tt/eA8V8J

The AIS has two components. One is taxpayer information summary (TIS) and other is proper AIS detailing the information contained in TIS. from mint - Money https://ift.tt/3D1O1bI https://ift.tt/eA8V8J

As per the provisions of Section 64 of Income Tax Act, any income which arises to the spouse from the asset gifted from time to time is required to be clubbed with the income of the spouse who had made the gift from mint - Money https://ift.tt/3lcUpqK https://ift.tt/eA8V8J

Any allowance given by the employer to its employee to meet expenses in the course of performance of his duty is fully exempt, to the extent it is spent. from mint - Money https://ift.tt/3xsFbm2 https://ift.tt/eA8V8J

Up to 1 USD million can be remitted every financial year from your NRO account, after paying applicable taxes in India..Money in NRE account is fully repatriable outside India from mint - Money https://ift.tt/32Ei3G7 https://ift.tt/eA8V8J

Mutual fund calculator: Annual step-up in monthly SIP helps an investor increase probability of meeting its investment goal target, believe tax and investment experts from mint - Money https://ift.tt/3xrSC5O https://ift.tt/eA8V8J

 The Sovereign Gold Bond series will be open for five days of subscription during the period November 29- December 03. from mint - Money https://ift.tt/3cWuzSY https://ift.tt/eA8V8J

For gratuity payment, the condition of completion of continuous service of 5 years is not necessary where the termination of the employment of an employee is due to death or disablement from mint - Money https://ift.tt/3HWC9LW https://ift.tt/eA8V8J

Embassy Office Park REIT reported a 12% increase in their NOI in Q3 2021 on Y-o-Y basis with a 10% increase in revenue for the same period.Brookfield India REIT also saw their NOI increase by 4% on Y-o-Y basis in Q3 2021 from mint - Money https://ift.tt/3cPJZbR https://ift.tt/eA8V8J

Players in the bond market feel that the appetite is ripe for direct retail investment in bonds from mint - Money https://ift.tt/3CTkOjl https://ift.tt/eA8V8J

A proper asset allocation requires a deep understanding of all asset classes from mint - Money https://ift.tt/3DRMwOw https://ift.tt/eA8V8J

A standard term life insurance policy is similar across insurers from mint - Money https://ift.tt/3lu6zM3 https://ift.tt/eA8V8J

Here is a list of banks that offer the highest FD rates for deposits up to Rs1 crore over various tenures from mint - Money https://ift.tt/30ULx1w https://ift.tt/eA8V8J

Investors will be able to directly invest in corporate bonds issued by non-banking finance companies (NBFCs) through their demat accounts with ₹10,000 as the minimum investment amount from mint - Money https://ift.tt/3nY4CsV https://ift.tt/eA8V8J

While all three are viable sources of funding your needs and wants, you have to choose between them based on your eligibility, requirement, cost, the utility of the funds and most importantly, your repayment capacity from mint - Money https://ift.tt/3xlxOgd https://ift.tt/eA8V8J

When you look at returns and inflationary periods, you’ll see that Reits have outperformed general equities and bonds, says Rick Romano, MD, PGIM Real Estate from mint - Money https://ift.tt/3xjcmse https://ift.tt/eA8V8J

A flexi-cap fund can invest in large-, mid- and small-cap companies and switch between them from mint - Money https://ift.tt/3HTt1HK https://ift.tt/eA8V8J

Bank FD: Here are the latest FD interest rates offered by Axis Bank, SBI, HDFC Bank and ICICI Bank from mint - Money https://ift.tt/3nOpC5i https://ift.tt/eA8V8J

It is advisable to invest a lump sum amount in dynamic asset allocation funds as they have the flexibility to alter asset allocation between equity and debt basis on their relative valuations and hence provide better risk-adjusted returns from mint - Money https://ift.tt/3cL2Q82 https://ift.tt/eA8V8J

If you are planning to file your tax return under the old regime, it would pay to look deeper into your finances from mint - Money https://ift.tt/3r1QXCK https://ift.tt/eA8V8J

Our vision is to have financial planning recognized as a professional practice that benefits consumers around the world, says Noel Maye, CEO, FPSB from mint - Money https://ift.tt/3DLKorv https://ift.tt/eA8V8J

When a taxpayer owns multiple properties, the income tax (IT) rules allow him/her to claim any two house properties as self-occupied, subject to some conditions from mint - Money https://ift.tt/3cFfcyr https://ift.tt/eA8V8J

Note that the property of the deceased is distributed among the Class II heirs only in the absence of surviving Class I heirs from mint - Money https://ift.tt/3cDMNsB https://ift.tt/eA8V8J

Given that different equity assets have different tax rules, an investor must take a careful look at the suitability of an investment in terms of taxes too from mint - Money https://ift.tt/3DMu7CO https://ift.tt/eA8V8J

Even though shares were delisted at the time of filing IT returns, but were listed at any time during the financial year in consideration, details of such shares will be required to be disclosed in the ITR by the taxpayer along with the PAN of the company from mint - Money https://ift.tt/3FEBbBP https://ift.tt/eA8V8J

It is mandatory to have your mobile registered with the State Bank of India (SBI) savings bank account to avail of the Internet Banking facility from mint - Money https://ift.tt/3DJgSCT https://ift.tt/eA8V8J

Both  plans cover basic hospitalization expenses required for the treatment during medical emergencies. However, regular plans might not cover certain conditions and have a limited sum insured from mint - Money https://ift.tt/3qWQaTK https://ift.tt/eA8V8J

Currently, around ₹4.3 trillion of government FRBs are outstanding, with the bulk being held by banks from mint - Money https://ift.tt/3nDTCAD https://ift.tt/eA8V8J

An AA rating indicates that the degree of safety regarding timely payment is strong; the higher the rating, the better the risk capacity of the issuer from mint - Money https://ift.tt/3CAWcvu https://ift.tt/eA8V8J

An NRI is required to file an income tax return when the total income earned or accrued in India exceeds the basic exemption limit of ₹2.5 lakh from mint - Money https://ift.tt/3kZXOc1 https://ift.tt/eA8V8J

All of us in some form carry the  baggage of our past investment mistakes in our portfolios from mint - Money https://ift.tt/3kX9KLC https://ift.tt/eA8V8J

As per India Post website, this post office saving scheme promises to double an investor’s money in 124 months with assured guaranteed return from mint - Money https://ift.tt/3CLUCXS https://ift.tt/eA8V8J

The decision was taken at the 229th meeting of the EPFO’s top decision-making body, the Central Board of Trustees (CBT), headed by Union Labour Minister Bhupender Yadav. from mint - Money https://ift.tt/2Zbo3oh https://ift.tt/eA8V8J

The rationale behind investing in InvITs is to have a “Fixed Income+” kind of structure from steady and well-known sponsors  from mint - Money https://ift.tt/3HLyDni https://ift.tt/eA8V8J

SBI has also suggested ways for customers to keep their accounts safe from online fraudsters in a video from mint - Money https://ift.tt/30Pg0he https://ift.tt/eA8V8J

A loan for longer may mean smaller equated monthly instalments (EMIs), which makes the car seem more affordable, but overall, you pay more as interest from mint - Money https://ift.tt/3FAYFbb https://ift.tt/eA8V8J

Sundeep Sikka, CEO, Nippon India AMC, and Andy Chang, president and CEO, Cathay SITE, talk about a Taiwan-specific mutual fund for Indian investors, the Nippon India Taiwan Equity Fund from mint - Money https://ift.tt/3CFU1GO https://ift.tt/eA8V8J

Lenders consider a credit score of 750 and above as ‘good’ and offer preferential rates to applicants with a high credit score from mint - Money https://ift.tt/3xmNNuN https://ift.tt/eA8V8J

There are six ways to verify an ITR. Five can be done electronically and one is done offline from mint - Money https://ift.tt/3oNajJk https://ift.tt/eA8V8J

Where the total income of the individual is below the basic exemption limit, Form 15G can be submitted with the prescribed financial institution (including a bank) requesting that no tax be deducted on the interest income paid to individual on the deposits from mint - Money https://ift.tt/30NGrUR https://ift.tt/eA8V8J

POMIS interest shall be payable on completion of a month from the date of opening and so on till maturity from mint - Money https://ift.tt/3x7EVc4 https://ift.tt/eA8V8J

It is natural that whenever you will withdraw money for your children's education, the accumulated corpus will reduce. Hence you will have to target a higher investment amount in future to build a reasonable corpus for all the goals from mint - Money https://ift.tt/3FD41m2 https://ift.tt/eA8V8J

Gold price in international market is trading in the range of $1830 to $1880 per ounce levels, said commodity market experts from mint - Money https://ift.tt/2Zbpx1Y https://ift.tt/eA8V8J

NPS calculator: 60 per cent equity exposure in NPS account can help NPS scheme beneficiary to reap around 10 per cent NPS interest rate in long-term, believe tax and investment experts  from mint - Money https://ift.tt/3DEYOts https://ift.tt/eA8V8J

The stock saw a sharp surge of 538% in less than six month.Riding high on this surge, investors increased their investment six times in this span from mint - Money https://ift.tt/3HFfKm8 https://ift.tt/eA8V8J

The report also said, the number of subscribers increased by 1.81 lakh in Septembers as compared to August when the count was 13.60 lakh. from mint - Money https://ift.tt/3cy5P3u https://ift.tt/eA8V8J

If the final payment is authorized in the month of April, only interest up to the month of March would be taken into account from mint - Money https://ift.tt/3Fwx9vf https://ift.tt/eA8V8J

EPFO Board of Trustees may discuss today about expansion of provident fund regulator's investment basket, hike in EPF or PF interest rate and rise in minimum pension under EPS from mint - Money https://ift.tt/32ocT0V https://ift.tt/eA8V8J

If we consider monthly expenses of ₹60,000 as of today to take care of your mandatory expenses, lifestyle and travel,  you will need ₹4.75 Cr at the age of 33 to become financially independent  from mint - Money https://ift.tt/3kVXRpw https://ift.tt/eA8V8J

Batting in favour of cryptocurrencies, the expert mentioned 4 features that make bitcoins a better asset than gold from mint - Money https://ift.tt/30Mkrdg https://ift.tt/eA8V8J

SIP calculator: In 15 x 15 x 15 rule of mutual funds, SIP return calculator says that an investor can become a crorepati by investing ₹15,000 per month for tenure of 15 years from mint - Money https://ift.tt/3oL5WhJ https://ift.tt/eA8V8J

With the EMI option, we end up buying goods that are not at all necessary.More importantly, we pay much more than the actual price of the consumables from mint - Money https://ift.tt/3p1F0uv https://ift.tt/eA8V8J

Income Tax Department has informed that more than 1.76 crore taxpayers have got their ITRs processed for AY 2021-22 from the e-filing portal from mint - Money https://ift.tt/30GbP7G https://ift.tt/eA8V8J

EPFO member can change its EPF or PF account nominee by filing new PF nomination from mint - Money https://ift.tt/3kRcIBs https://ift.tt/eA8V8J

The tax credit is a federal benefit that reduces income tax liability for people with children from mint - Money https://ift.tt/3HMD29V https://ift.tt/eA8V8J

Under the strategy, a single fund would be able to give an investor access to all asset classes from mint - Money https://ift.tt/3nuVNX4 https://ift.tt/eA8V8J

A term insurance policy also helps save taxes as the premium paid, profits earned and the coverage are tax-free from mint - Money https://ift.tt/3Dvalvf https://ift.tt/eA8V8J

The two crucial tickets to you landing a good job are networking and internships from mint - Money https://ift.tt/3Dr1WZU https://ift.tt/eA8V8J

Tax saving in an ELSS is a good option. You not only save taxes but also invest in schemes that you will be doing in regular course for investments from mint - Money https://ift.tt/3oDzUEp https://ift.tt/eA8V8J

Here are prices of some properties in price bands of below ₹50 lakh, ₹50-75 lakh, and above ₹75 lakh from mint - Money https://ift.tt/3oERibJ https://ift.tt/eA8V8J

Income tax refund: The Central Board of Direct Taxes (CBDT) issued this I-T refund between 1st April 2021 to 15th November 2021 from mint - Money https://ift.tt/2YY4bVH https://ift.tt/eA8V8J

You can consolidate your tax-saving funds into the Mirae fund, and add Parag Parikh flexi-cap fund from mint - Money https://ift.tt/30AZgu0 https://ift.tt/eA8V8J

Tax experts say that salaried individuals who trade in F&Os on the side often misreport it in their ITRs from mint - Money https://ift.tt/321kH8o https://ift.tt/eA8V8J

They make sense if you plan to send your children abroad for higher studies from mint - Money https://ift.tt/3x3aFiz https://ift.tt/eA8V8J

To have a net worth of ₹100 crore, you needn’t be born with a silver spoon in your mouth from mint - Money https://ift.tt/30zM2OJ https://ift.tt/eA8V8J

Experts believe that BAFs are most apt for benefiting from market volatility from mint - Money https://ift.tt/2YQd43o https://ift.tt/eA8V8J

HDFC Mutual Fund and Axis Mutual Fund will launch multi-cap schemes later in the month, while a new fund offer (NFO) by IDFC MF is open for subscription from mint - Money https://ift.tt/3ciDpdO https://ift.tt/eA8V8J

Under the applicable income tax provisions, the estate of the deceased is chargeable to tax from mint - Money https://ift.tt/3wTS3S7 https://ift.tt/eA8V8J

Buying a real estate asset also entails the responsibility of deducting TDS from the payment made to the seller from mint - Money https://ift.tt/3oBKY4J https://ift.tt/eA8V8J

Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes from mint - Money https://ift.tt/3Hqdgb7 https://ift.tt/eA8V8J

The HIB report indicates that nearly 40% of borrowers showed a willingness to move to digital platforms for taking loans from mint - Money https://ift.tt/3kDw39i https://ift.tt/eA8V8J

The income tax department has shared some dos and don’ts which the taxpayer must follow to have a seamless experience in the AIS utility from mint - Money https://ift.tt/3CixC27 https://ift.tt/eA8V8J

EPFO tweeted a detailed infographic to explain the steps to get your PPO number using a bank account number or PF number from mint - Money https://ift.tt/3cg7Lxn https://ift.tt/eA8V8J

Under the income tax law, there are three types of residential status in India: Non-resident (NR), resident but not ordinarily resident (NOR), resident and ordinarily resident (ROR) from mint - Money https://ift.tt/3wOpXYo https://ift.tt/eA8V8J

A person’s portfolio holds different types of assets based on her financial goals, and each asset class gives different types of returns, which is why a portfolio must have an ideal mix of financial products from mint - Money https://ift.tt/3kZNO2P https://ift.tt/eA8V8J

Higher accountability will further lead to a favourable market for homebuyers from mint - Money https://ift.tt/3HsBm4X https://ift.tt/eA8V8J

Mutual funds have launched a number of schemes called ‘target maturity’ funds which buy and hold bonds till a certain target maturity date. This allows ‘buy and hold’ investors to get an experience similar to actually buying and holding government bonds. from mint - Money https://ift.tt/3FarlaO https://ift.tt/eA8V8J

The FoF will feed into an Ireland-domiciled ETF, which invests in a mix of crypto-related and tech companies from mint - Money https://ift.tt/3kHrw5H https://ift.tt/eA8V8J

The NFO for the open-ended ITI Banking and Financial Services Fund closes on 29 November from mint - Money https://ift.tt/3nexE76 https://ift.tt/eA8V8J

The new fund offer for the scheme will be open for subscription between 15 and 26 November. from mint - Money https://ift.tt/3Fi0Ct2 https://ift.tt/eA8V8J

SBI report says as many as 3.5 billion transactions worth ₹6.3 trillion were recorded through UPI in the month of October 2021 making a jump of 100 per cent while transaction value jumped of nearly 103 per cent compared to October 2020 from mint - Money https://ift.tt/3ne209E https://ift.tt/eA8V8J

State Bank of India (SBI) recently launched a video call facility service for pensioners to make the process easier from mint - Money https://ift.tt/3CecuKn https://ift.tt/eA8V8J

Here’s a look at the lowest home loan interest rates of some leading banks from mint - Money https://ift.tt/3FgZdTi https://ift.tt/eA8V8J

The basis of apportionment of capital gains in the hands of the co-owners, where the share is not defined, has not been specifically prescribed in the Income Tax Act, 1961  from mint - Money https://ift.tt/3orI6aK https://ift.tt/eA8V8J

A Will could have many heirs and no directions on how to handle income tax from mint - Money https://ift.tt/3ovI9lF https://ift.tt/eA8V8J

Under ISO, you can lodge your complaints related to banks, NBFCs and digital transaction companies at one place from mint - Money https://ift.tt/3ccpmX0 https://ift.tt/eA8V8J

The subscription model offers a hassle-free route to personal mobility, but there are some downsides as well from mint - Money https://ift.tt/3c9DZu7 https://ift.tt/eA8V8J

The I-T department had last month expanded the list of high-value financial transactions, which would be available to taxpayers in their Form 26AS from mint - Money https://ift.tt/30nxiSp https://ift.tt/eA8V8J

If you invest ₹1.5 lakh yearly for the next 15 years, then at 7.6% interest rate, you would be able to create ₹43.49 lakh.This is a big sum in today's term, but might not be sufficient 15 years later considering education inflation from mint - Money https://ift.tt/3wKGQD9 https://ift.tt/eA8V8J

You may have to transfer your wealth to your children in a couple of decades. It's best to teach them how to handle it at a young age. from mint - Money https://ift.tt/30orLLH https://ift.tt/eA8V8J

The definition of retirement may change over time and many of us may not formally retire and may take up some kind of consultancy or other part-time activity from mint - Money https://ift.tt/3okYl9i https://ift.tt/eA8V8J

Few factors like interest rate, outstanding loan amount, remaining loan tenure and your ability to save every month can help you decide whether you should prepay the debt or invest the surplus and continue repaying the loan only through EMI from mint - Money https://ift.tt/3CcZl4j https://ift.tt/eA8V8J

Mutual fund calculator: This SIP (Systematic Investment Plan) rule says that if an investor invests ₹15,000 per month for 15 years, one can expect to get ₹1 crore maturity amount as the investment would yield around 15 per cent per annum from mint - Money https://ift.tt/30cLq0V https://ift.tt/eA8V8J

An ombudsman acts as a mediator and arrives at a fair recommendation based on the facts of a dispute. If the policyholder accepts the recommendation as final settlement, the ombudsman informs the company and allows it 15 days to comply from mint - Money https://ift.tt/3oFkaAX https://ift.tt/eA8V8J

We have had a big change in our strategy; we have allocated a significant portion of our portfolio to tax-free bonds, says Nikhil Kamath, co-founder, Zerodha from mint - Money https://ift.tt/3ks5zY2 https://ift.tt/eA8V8J

The higher the score, the bigger are the chances of getting hassle-free loans from mint - Money https://ift.tt/3n97Lpj https://ift.tt/eA8V8J