I am Wealthy at 23

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/QsyRuoSTX https://ift.tt/KMwdm4615

As on September 2021, more than 43% subscribers were between 18 and 25 years, as compared to 29% as on March 2016 from mint - Money https://ift.tt/WvzAJ5mgq https://ift.tt/KMwdm4615

MF allocations to these new-age companies have rarely gone beyond 1% of the total assets of a particular scheme from mint - Money https://ift.tt/W17AzPeUs https://ift.tt/KMwdm4615

Post the IL&FS crisis in 2018, Sebi restricted MF investments in unlisted debt and equity instruments from mint - Money https://ift.tt/Qt2uH4odm https://ift.tt/KMwdm4615

Key ingredient required for long-term investing is ‘faith in equities’ from mint - Money https://ift.tt/0Ckz2wP37 https://ift.tt/KMwdm4615

Non Resident External accounts in India are allowed to be held by non-residents  and they come with certain benefits from mint - Money https://ift.tt/NsrpR9zYJ https://ift.tt/KMwdm4615

All the home loan EMI for the house are paid by me. Can my mother claim the tax benefits in respect of home loan? from mint - Money https://ift.tt/ELjhAVWqH https://ift.tt/Mhf8FyP6J

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/nKfvAzcby https://ift.tt/Mhf8FyP6J

Most of the time, tax saving instruments are randomly picked by taxpayers towards the end of the financial year from mint - Money https://ift.tt/OXQcFfDhW https://ift.tt/Mhf8FyP6J

In the event of transfer of specified securities (including mutual funds), where the dates of purchase and sale of specific scrips cannot be correlated, based on the department circulars issued in this regard, the cost of acquisition and the holding period should be computed on First-In-First-Out (FIFO) method, for the purpose of computing capital gains from mint - Money https://ift.tt/z4vqefLw0 https://ift.tt/Mhf8FyP6J

Economic trends can be complicated with many underlying reasons from mint - Money https://ift.tt/RsCuBN9f2 https://ift.tt/Mhf8FyP6J

One of hottest funds of stimulus era confronts market that doesn’t appear to be moving in its direction from mint - Money https://ift.tt/I6AvyhBGi https://ift.tt/Mhf8FyP6J

The stoppage is likely to affect funds that are fully devoted to international investments as well as those investing a part of their corpus outside India. PPFAS Flexicap Fund invests up to 35% of its corpus in foreign stocks, primarily stocks of US technology companies from mint - Money https://ift.tt/oA40S1j5h https://ift.tt/Mhf8FyP6J

Aadhaar card issuing authority UIDAI has said that any mobile number can be now used to generate OTP for online authentication  from mint - Money https://ift.tt/1i79PvuHI https://bit.ly/3GblJNq

PAN card holder will have to pay ₹96 ( ₹85 application charges plus 12.36 per cent Service Tax) for change in name, date of birth from mint - Money https://ift.tt/QDdVZmbfF https://bit.ly/3GblJNq

From the investment point of view, people always ponder where to invest-residential or commercial from mint - Money https://ift.tt/vgoAb3Kd6 https://bit.ly/3GblJNq

ITR filing: It would be naive to just base the decision of a home purchase simply on the amount of income tax that a person saves, believe tax and investment experts from mint - Money https://ift.tt/J5K4RsDNp https://bit.ly/3GblJNq

SBI hikes RD rates: The recurring deposit account can be opened for a period that ranges between 12 months and 10 years from mint - Money https://ift.tt/CvraX6fbK https://bit.ly/3GblJNq

An employee is eligible for gratuity only if he/she has completed 5 years of service with an organization. These 5 years must be continuous and there should not be any gap in the services of the employee with that company from mint - Money https://bit.ly/3HbNoPz https://bit.ly/3GblJNq

your mother may consider transferring the newly purchased house in your favour by way of a gift within a span of three years of such purchase. Such gift requires a written deed which is stamped and registered from mint - Money https://bit.ly/3HbPoY9 https://ift.tt/eA8V8J

EPFO members are now allowed to update date of exit in their EPF account online after two months of resignation from mint - Money https://bit.ly/3rjxwW5 https://ift.tt/eA8V8J

Gold price today: Global inflation will persist even when the Russia-Ukraine conflict ends sooner than expected, believe commodity market experts from mint - Money https://www.livemint.com/money/personal-finance/gold-price-fails-to-hold-after-breakout-good-opportunity-to-buy-say-experts-11643421647632.html https://ift.tt/eA8V8J

ITR filing last date: The Government of India (GoI) has powers to launch prosecution against the taxpayer who has failed to file ITR by last date despite having income tax liability from mint - Money https://ift.tt/33R8PaA https://ift.tt/eA8V8J

Digital transactions are becoming a popular choice in everyday households, as transactions related to telecom and electricity bills saw a growth of 3,640% and 2,353% respectively, from 2020 to 2021 from mint - Money https://ift.tt/3o5HmsB https://ift.tt/eA8V8J

The leading expectation among respondents who identified themselves as middle class or poor was that the government should raise the income tax exemption limit to ₹5 lakh from the current ₹2.5 lakh with almost every two in five respondents saying this from mint - Money https://ift.tt/3G86FjG https://ift.tt/eA8V8J

Our compilation of property prices of prominent localities in major cities and surrounding areas across India may help you compare and make an informed decision from mint - Money https://ift.tt/34efKdo https://ift.tt/eA8V8J

Angel round is the first round of funding for a startup. It’s followed by venture capital rounds from mint - Money https://ift.tt/3IGU60l https://ift.tt/eA8V8J

We have a portfolio of 190+ companies at present of which around 100+ have seen exits/next round of investments, says Nandani Mansingka, Founder, Mumbai Angels from mint - Money https://ift.tt/3r8bMwg https://ift.tt/eA8V8J

As a major component of your income goes in paying  EMIs, you need to keep a watch on the interest rates from mint - Money https://ift.tt/3rPoyyw https://ift.tt/eA8V8J

Tax officials often say the penalty for filing late tax returns is fairly low in India from mint - Money https://ift.tt/3G8uXu2 https://ift.tt/eA8V8J

Economic and social disruptions caused by covid-19 have exacerbated inequalities in India. CMIE estimates that over 10 million jobs vanished in the second wave and 97% of households saw their incomes drop. The impact, while devastating overall, has been grossly unequal from mint - Money https://ift.tt/3o2WYNl https://ift.tt/eA8V8J

While purchasing a travel insurance, select the CFAR add-on, which allows you to cancel your  travel plans from mint - Money https://ift.tt/3r2wWf1 https://ift.tt/eA8V8J

There are no health insurance products specifically tailored for differently-abled people from mint - Money https://ift.tt/3g1M3Pq https://ift.tt/eA8V8J

Clarifications in the budget can go a long way in resolving I_T uncertainties on acqui-hire deals from mint - Money https://ift.tt/3rQfwl3 https://ift.tt/eA8V8J

You can add ₹500 to the Nifty Index fund, ₹1,500 to the Nifty next 50 fund and ₹1,000 to the international fund from mint - Money https://ift.tt/33OfIcG https://ift.tt/eA8V8J

Though it may not always be possible for you to understand all the intricacies of an insurance policy, you must ponder the following factors while zeroing in on an insurance plan. from mint - Money https://ift.tt/3AFqygX https://ift.tt/eA8V8J

Post office account holders can use the new IVR service to perform a variety of services on their accounts. from mint - Money https://ift.tt/3H5qkSD https://ift.tt/eA8V8J

Among debt instruments in India, there are various types of bonds available, with different features-duration, tax benefits, coupon rates and lock-ins from mint - Money https://ift.tt/3KBIWfc https://ift.tt/eA8V8J

By making adjustments in the salary, taxpayers can benefit from the old regime from mint - Money https://ift.tt/3H0ZWtl https://ift.tt/eA8V8J

A separate NOC from the high court will not be required considering the fact that Probate has already been granted in respect of a Will from mint - Money https://ift.tt/3nYkJGm https://ift.tt/eA8V8J

Company stocks, mutual funds, fixed deposits are some of the ways NRIs can invest in India from mint - Money https://ift.tt/347u3jT https://ift.tt/eA8V8J

Amid the coronavirus pandemic, many banks like State Bank of India (SBI), HDFC and ICICI started these special fixed deposits with higher interest rates on term deposits for senior citizens from mint - Money https://ift.tt/3IA2Wgt https://ift.tt/eA8V8J

Buybacks are a tax-efficient way of selling shares by investors as the capital gains on sale are exempt from tax from mint - Money https://ift.tt/3FWWMFz https://ift.tt/eA8V8J

Taxability of an income in India depends on residential status in India, source of income and place of receipt of income from mint - Money https://ift.tt/3Awxwon https://ift.tt/eA8V8J

HUF dissolution: The law to succession to HUF property has also been amended in 2005 from mint - Money https://ift.tt/3FVC20S https://ift.tt/eA8V8J

As per Section 80 D of Income Tax Act, a taxpayer is entitled to a deduction of up to Rs. 25,000/- for health insurance premium paid for his family which includes the assessee, his/her spouse and the dependent children from mint - Money https://ift.tt/3fUapLc https://ift.tt/eA8V8J

While the majority of millennials have become more cautious towards finances amid the pandemic, the report also highlighted rising awareness about saving and insurance from mint - Money https://ift.tt/3fTndRK https://ift.tt/eA8V8J

Sukanya Samriddhi Yojana (SSY) scheme is a good option for parents to invest in their girl child's future from mint - Money https://ift.tt/3nR9sra https://ift.tt/eA8V8J

Many investment avenues offer better returns than life insurance at a lower cost under Section 80C from mint - Money https://ift.tt/3Anb9lm https://ift.tt/eA8V8J

Under the overall tax deduction ceiling of ₹1.5 lakh of Section 80C, a borrower can avail deduction on the repayment of principal on a home loan from mint - Money https://ift.tt/3nPz0F8 https://ift.tt/eA8V8J

As per Section 54 of the Income tax Act, 1961 (the Act), there are no prescribed provisions whereby the exemption claimed under this section is revoked if the acquired new property is sold within a particular period of time from mint - Money https://ift.tt/3FVSgHo https://ift.tt/eA8V8J

This Budget, the government can provide additional relief to NPS subscribers from mint - Money https://ift.tt/3tRviyx https://ift.tt/eA8V8J

In your case, between you and your brother, if a new HUF is desired to be set up, the eldest son will be the karta of the HUF and not your mother from mint - Money https://ift.tt/3Ap1Np6 https://ift.tt/eA8V8J

If we assume you will continue with the mutual fund SIPs and PPF investment in the same way for the coming years, after 15 years your PPF balance assuming a return of 7% per annum could approximately be ₹31 lakh from mint - Money https://ift.tt/32nUMby https://ift.tt/eA8V8J

SBI, HDFC Bank, Axis Bank and Kotak Mahindra Bank have revised interest rates on term deposits in January 2022 from mint - Money https://ift.tt/35goH6I https://ift.tt/eA8V8J

Benefits of using credit cards: It offers rewards, protection, convenience and helps build an effective credit score from mint - Money https://ift.tt/3FZTkKs https://ift.tt/eA8V8J

The move will bring all salaried professionals at par with government employees from mint - Money https://ift.tt/3FPMPtp https://ift.tt/eA8V8J

The loan aims to help the administration improve services such as medical help through telemedicine, support for the elderly and differently-abled, financial inclusion of citizens with digital payments and disbursement of benefits for public schemes from mint - Money https://ift.tt/340Unfx https://ift.tt/eA8V8J

A gift of shares to family member as well as the HUF will be tax exempt as it would be classified as ‘property received from a relative’ which is specifically exempt on account of section 56 (2)(x) of the Income Tax Act, 1961 from mint - Money https://ift.tt/3rIEnqO https://ift.tt/eA8V8J

Mutual funds SIP: Tax and investment advisors suggest investors to apply sharpe ratio formula on the available plans as sharpe ratio in mutual funds helps an investor to earn more on one's money with lesser risk from mint - Money https://ift.tt/3AohXiD https://ift.tt/eA8V8J

Gold price today: Yellow metal has given breakout at $1835 levels in the spot market on closing basis, say experts from mint - Money https://ift.tt/3AkfSEt https://ift.tt/eA8V8J

The capital gains tax rate applicable on such transaction will depend upon the period of holding of the funds. The period of holding would be determined based on the type of units held by the NRI investor from mint - Money https://ift.tt/3qLHI9d 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/3FMPQdS https://ift.tt/eA8V8J

ICICI Prudential Strategic Metal & Energy Equity Fund of Fund invests in an offshore fund—First Trust Strategic Metal and Energy Equity UCITS Fund, which is managed by an American financial services firm - First Trust Advisors L.P. from mint - Money https://ift.tt/3fJXDPi https://ift.tt/eA8V8J

Capex is undertaken when current capacity utilization & anticipated future demand are high from mint - Money https://ift.tt/3IeuI1Y https://ift.tt/eA8V8J

A senior citizen health insurance plan has low waiting period for pre-existing ailments, generally two years or less from mint - Money https://ift.tt/3nKoMFZ https://ift.tt/eA8V8J

Ulip is one of the most common investment option as it has dual benefits from mint - Money https://ift.tt/3nIfIld https://ift.tt/eA8V8J

ICICI Bank offers a higher FD interest rate to senior citizens on select maturities. from mint - Money https://ift.tt/3KvUCQw https://ift.tt/eA8V8J

It is better to plan well for retirement and ensure that you don't compromise on your standard of living and are able to absorb the increase in living costs from mint - Money https://ift.tt/3Is1ZqF https://ift.tt/eA8V8J

One should check tax implication at all stages of the policy life cycle like investment, accommodation, and maturity from mint - Money https://ift.tt/33LSfbA https://ift.tt/eA8V8J

As per the latest factsheet, Nifty Dividend Opportunities Index has a dividend yield of 3.17% from mint - Money https://ift.tt/357vPSP https://ift.tt/eA8V8J

For generating a corpus for your children, ₹1 crore today would translate to ₹3.2 crore in 20 years (assuming a 6% inflation), and will need an investment of ₹33,000 a month (assuming a 12% long-term portfolio return) from mint - Money https://ift.tt/3GLjBgH https://ift.tt/eA8V8J

Around 50% of the total IPOs in 2021 provided exit to PE/VC firms or early investors from mint - Money https://ift.tt/3qGusCQ https://ift.tt/eA8V8J

As of now, the subscribers under the NPS scheme are allowed to change the investment pattern twice in a financial year. from mint - Money https://ift.tt/3tBc3cF 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/33OT17x https://ift.tt/eA8V8J

In addition to equity risk premium, correlation is also important when investing internationally from mint - Money https://ift.tt/3GJXVSa https://ift.tt/eA8V8J

A long-term investment horizon gives room to take maximum exposure in high-risk equity investments from mint - Money https://ift.tt/3AeDD0G https://ift.tt/eA8V8J

You may consider obtaining a succession certificate from a district court having jurisdiction from mint - Money https://ift.tt/3rtt3yJ https://ift.tt/eA8V8J

The uncertainty that comes with direct investing in stocks is lower in case of mutual funds from mint - Money https://ift.tt/3tF2xVQ https://ift.tt/eA8V8J

Bank locker charges depend on the size of the locker and the area- urban, rural or metro from mint - Money https://ift.tt/3qzQMOA https://ift.tt/eA8V8J

There are eight pension fund managers to choose from and one of the ways to do that is by tracking returns from mint - Money https://ift.tt/3KgBKVI https://ift.tt/eA8V8J

In October 2019, Sebi mandated physical settlement of stock derivative positions that are open on expiry date from mint - Money https://ift.tt/3rvjhfH https://ift.tt/eA8V8J

The tech sector has continued to scale new heights, as its weightage increased to 13.5% (up 230 basis points on a yearly basis in the calendar year 2021) in overall equity funds from mint - Money https://ift.tt/3qC8f9d https://ift.tt/eA8V8J

Kristal.AI offers avenues for Indian and foreign investors to diversify their investments into global assets. It has crossed a major milestone having acquired over $400 million as assets under management in December 2021 from mint - Money https://ift.tt/34MyyAO https://ift.tt/eA8V8J

HDFC Bank latest FD rates: The bank has increased the interest rates on select tenors from mint - Money https://ift.tt/3txQUjj 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/3GM65sU https://ift.tt/eA8V8J

The classification of the income would depend upon the contractual arrangements, periodicity of income, volume of transaction for which you receive the income, etc from mint - Money https://ift.tt/3GBKlQH https://ift.tt/eA8V8J

You can transfer your surplus to your parents under a gift deed and make investments in their name from mint - Money https://ift.tt/3GvmphI https://ift.tt/eA8V8J

TDS applied for non filers is higher of twice the normal applicable TDS rate or 5% from mint - Money https://ift.tt/3Fyc8jB https://ift.tt/eA8V8J

If you had opened an NRE account which can only be opened after one becomes a non resident under FEMA, you could have remitted the money in that account. from mint - Money https://ift.tt/3tsVteZ https://ift.tt/eA8V8J

You have to purchase another agricultural land within two years from the date of such sale transfer from mint - Money https://ift.tt/3nv3U5o https://ift.tt/eA8V8J

There is no requirement to form new HUF and obtain new PAN from mint - Money https://ift.tt/3fuXEGE https://ift.tt/eA8V8J

State Bank of India (SBI) new rate is effective from 15 January 2022 from mint - Money https://ift.tt/3tsesGt https://ift.tt/eA8V8J

A power of attorney can be executed from the local embassy overseas for appointing a representative who can carry out the execution of such relinquishment deed in your favour from mint - Money https://ift.tt/33CzOWG https://ift.tt/eA8V8J

The new rate is effective from 15 January.SBI offers the highest interest rate of 5.40% on FD for tenure from 5-10 years from mint - Money https://ift.tt/34V8dRl https://ift.tt/eA8V8J

Mutual funds SIP vs home loan EMI: One can expect annual 2.5 per cent to maximum 3 per cent of the property cost per annum as rental from one's residential property, say experts from mint - Money https://ift.tt/3trnseP https://ift.tt/eA8V8J

Gold price today is trading in the range of $1780 to $1835 per ounce and it may go up to $1900 to $1910 per ounce levels once it breaks the current $1835 per ounce hurdle from mint - Money https://ift.tt/3FujSDc https://ift.tt/eA8V8J

Silver ETF is a commodity based ETF offered by mutual fund houses wherein 95% of the corpus is invested in silver or silver related derivative products from mint - Money https://ift.tt/3KbqrOn https://ift.tt/eA8V8J

While retail investors at the top end of the wealth pyramid have access to good quality advice, there is a lack of incentive to serve the larger pool of population from mint - Money https://ift.tt/3KbgCQH https://ift.tt/eA8V8J

During 2020-21, LIC gave over ₹442 crore as reinsurance premium, up from ₹327 crore in the previous fiscal from mint - Money https://ift.tt/3tqOOBL https://ift.tt/eA8V8J

Marks said studies have shown that average mutual fund investor performs worse than an average mutual fund. He said, on average, mutual fund investors tend to sell funds with worst recent performance, missing out on potential recoveries, to chase funds that have done the best  from mint - Money https://ift.tt/3K4osvv https://ift.tt/eA8V8J

A rental bond gives landlords a wider and comprehensive cover than the traditional cash security deposit from mint - Money https://ift.tt/3nowANM https://ift.tt/eA8V8J

Kisan vikas patra doubles your investment amount in 124 months from mint - Money https://ift.tt/3KcGsDK https://ift.tt/eA8V8J

Gold’s underperformance and short bursts of rising prices help its long-term returns from mint - Money https://ift.tt/3zZLTS6 https://ift.tt/eA8V8J

NRE/NRO accounts are used by NRIs to deposit their foreign earnings from mint - Money https://ift.tt/3to4sOi https://ift.tt/eA8V8J

Cashback offers are available on both full card swipes and card EMIs on offline as well as online channels. These offers are applicable when goods are bought from Apple authorised reseller stores and on ecommerce websites like Amazon and Tata Cliq. Validity of offers is from 1 January to 31 March from mint - Money https://ift.tt/3qlDCEL https://ift.tt/eA8V8J

ICICI Bank has revised charges for credit cards effective from February 10 from mint - Money https://ift.tt/3nmekEK https://ift.tt/eA8V8J

On the I-T project, we are extremely proud that as of December 31, as was reported, 5.8 crore returns were filed through that timeframe, Infosys CEO Salil Parekh told reporters from mint - Money https://ift.tt/31QL9Su https://ift.tt/eA8V8J

About 59% of respondents said they would prefer sticking to mutual funds as an investment option rather than opting for cryptocurrencies. Irrespective of growing digital adoption, young professionals continue tossed advice, guidance, and require human touch when it comes to investing from mint - Money https://ift.tt/3Fi4r0L https://ift.tt/eA8V8J

Insurance products, which help secure one's future, also help save tax. But saving taxes should not be the primary aim of having an insurance policy from mint - Money https://ift.tt/3fg0a3j https://ift.tt/eA8V8J

Kotak Mahindra Bank revises fixed deposit rates: Senior citizens continue to get 50 basis points higher interest rates than the general public from mint - Money https://ift.tt/33nQDEH 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/3zWQCUA https://ift.tt/eA8V8J

It’s important point to note that standard deduction benefit is unavailable for those who choose new tax regime from mint - Money https://ift.tt/34wOQxA https://ift.tt/eA8V8J

One should invest in different asset classes with a view to control risk from mint - Money https://ift.tt/3qgGGBQ https://ift.tt/eA8V8J

Parents are entitled to claim maintenance under applicable laws from their children from mint - Money https://ift.tt/3K56dpu https://ift.tt/eA8V8J

One positive feature of a Ulip is that the policyholder is allowed to make changes in the asset mix. Unlike an ELSS where investments can’t be touched till the lock-in period is over, Ulip investors can switch from an equity fund to a debt fund or liquid fund and vice versa from mint - Money https://ift.tt/3zMPenu https://ift.tt/eA8V8J

There are 10 non-financial services a customer can avail of through doorstep banking from mint - Money https://ift.tt/3Ga92mZ https://ift.tt/eA8V8J

Costs and transparency issues don’t deter pensions hungry for yield from mint - Money https://ift.tt/3JU8FiL https://ift.tt/eA8V8J