I am Wealthy at 23

Major lenders like SBI, Kotak Bank, Axis Bank, and Bank of Baroda have made 5-10 basis points hikes in their MCLR from mint - Money https://ift.tt/q8z7c5m https://ift.tt/O0ZrSNP

An important element of a financial plan is to determine the required life cover and health cover. The factors that are in consideration are life stage, lifestyle, goals, assets and liabilities from mint - Money https://ift.tt/4E8KL21 https://ift.tt/Q1a5zUv

Income tax calculator:  Income tax department allows a taxpayer to claim HRA exemption under income tax act on rent paid to parents, brother or sister from mint - Money https://ift.tt/MgkCsGz https://ift.tt/Q1a5zUv

The holding period in the hands of the HUF will be more than 12 months for these listed shares the profits made by HUF will be long term capital gain from mint - Money https://ift.tt/whsfgVL https://ift.tt/Q1a5zUv

The law provides for the benefit of indexation from the date when you became owner of the property but various Income Tax Tribunals have allowed the indexation benefit from the date when the previous owner who paid for it acquired it. from mint - Money https://ift.tt/5QMbGBx https://ift.tt/Q1a5zUv

It’s possible to squeeze a higher return from even your safest assets. Here’s how to do it. from mint - Money https://ift.tt/i0kcJfX https://ift.tt/Q1a5zUv

Since there is no inheritance tax in India, the inheritance received by both of you is not to be treated as your income from mint - Money https://ift.tt/gh70tXa https://ift.tt/Q1a5zUv

This move by Paytm Money will provide an alternative to its HNI customers, who currently have to apply through the bank ASBA route for higher investments from mint - Money https://ift.tt/8Mhamgz https://ift.tt/ljwhCd5

Despite the pledges of due diligence, analysts say investors should remain wary. from mint - Money https://ift.tt/2LE9hcC https://ift.tt/ljwhCd5

Legal heirs need to submit a succession certificate when shares value exceeds ₹5 lakh from mint - Money https://ift.tt/73YaNe6 https://ift.tt/ljwhCd5

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/CMLjspF https://ift.tt/K5PXLiA

RBI or the insurance regulator do not mandate that you buy insurance for the purpose of availing of a loan from mint - Money https://ift.tt/WxczUFn https://ift.tt/5f4i1KD

Consultation with taxpayers should happen round the year, not just during budget time from mint - Money https://ift.tt/gA7rZh0 https://ift.tt/5f4i1KD

Floating rate retail loans taken after 30 September 2019 will not be affected because they’re not linked to the MCLR from mint - Money https://ift.tt/j86mMuk https://ift.tt/5f4i1KD

ICICI Bank offers a 4.35% interest rate on tenure 1 year to 389 days compared to the previous 4.30%. Also, the bank hiked rates by 5 basis points on 390 days to less than 15 months tenure and is offering a 4.35% rate from 4.30% earlier. from mint - Money https://ift.tt/I6icVKu https://ift.tt/5f4i1KD

Sebi data shows there are about 1,300-odd RIAs; an individual RIA can onboard 150 clients from mint - Money https://ift.tt/SaI7cef https://ift.tt/5f4i1KD

Investments in equity and debt mutual funds have different tax implications from mint - Money https://ift.tt/Hyw9SP4 https://ift.tt/5f4i1KD

Unless interest rates move up substantially, floating rate bonds will underperform from mint - Money https://ift.tt/ItnalVq https://ift.tt/5f4i1KD

This article will help you understand whether NPS can score over Employees‘ Provident Fund (EPF), Equity-linked Savings Scheme (ELSS) and Public Provident Fund (PPF) if you plan to invest for your retirement from mint - Money https://ift.tt/TA20vGu https://ift.tt/ldATMhW

Motilal Oswal report says gold on the COMEX is expected to trade in the range of $1,800 to $2,050 from a 12-month perspective. Silver prices are expected to trade higher towards $26.45 and $27.15 with strong support placed at $ 24.20 and $ 23.70 from mint - Money https://ift.tt/oTCXYF0 https://ift.tt/ldATMhW

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/l8obgQ3 https://ift.tt/Dm0WTGZ

Credit card entities have to take explicit consent of a customer for issuing cards, upgrading them from mint - Money https://ift.tt/OWi1zc0 https://ift.tt/Dm0WTGZ

Capitalmind CEO doesn’t invest in real estate or own a house, but prefers InvITs and Reits for quasi rent income from mint - Money https://ift.tt/KgoYfyL https://ift.tt/Dm0WTGZ

The society is not having a deed of conveyance in its favour would mean that the developer/ original owner still has certain rights in the property being the land along with the building structure standing thereon from mint - Money https://ift.tt/KH6Fi5b https://ift.tt/Dm0WTGZ

Investing in equity using a combination of active and passive funds can help from mint - Money https://ift.tt/kiHU12D https://ift.tt/Dm0WTGZ

Repaying the loan amount is not enough. The borrowers must take care to ensure that each element of the loan process is completed and taken care of. from mint - Money https://ift.tt/NuDZvyt https://ift.tt/fTqwOZk

One is entitled to avail exemption from payment of income tax on long term capital gains on sale of land in two ways from mint - Money https://ift.tt/z1OmJWR https://ift.tt/cih4e37

Investing in these bonds, also known as 54EC bonds, can help you save tax on long-term capital gains. We share more details here from mint - Money https://ift.tt/vQRfTBr https://ift.tt/SEs0Ot7

A will helps avoid the court’s involvement in deciding on permissible succession and asset transfer issues from mint - Money https://ift.tt/OZTKaVl https://ift.tt/egoE2OB

Let's take a look at the latest FD interest rates offered by Kotak Mahindra Bank, Bank of Baroda (BoB), SBI HDFC Bank and ICICI Bank from mint - Money https://ift.tt/82MeNvd https://ift.tt/egoE2OB

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/oh6dEBV https://ift.tt/oCGRaqt

Please note that as per the Public Provident Fund Scheme, 2019, an individual may open PPF accounts in their name, as well as in the name of each minor child from mint - Money https://ift.tt/LcEIomq https://ift.tt/oCGRaqt

The interest rates on gold loans typically start at as low as 7% and go up to 18%. The loan amount and borrower’s income are the two major factors that determine interest rate from mint - Money https://ift.tt/Pfuj9M8 https://ift.tt/oCGRaqt

If you have opted for a fixed-rate loan, then there can be a charge for prepayment from mint - Money https://ift.tt/fOueDsC https://ift.tt/oCGRaqt

Gopani said that he never tries to time the market and advises the same to other retail investors as well from mint - Money https://ift.tt/NjxdT7X https://ift.tt/oCGRaqt

Mutual funds: With the banking segment having seen headwinds in the recent past, this segment alone has given 5.96 per cent & 7.9 per cent respectively compared to 14.14 per cent & 13.35 per cent gains posted by large-cap diversified equity funds from mint - Money https://ift.tt/3InV4Lb https://ift.tt/oCGRaqt

SBI which is also one of the largest lenders in the country, hiked its MCLR by 10 basis points for the first time in three years since 2019, while lenders like Bank of Baroda, Axis Bank, and Kotak Bank made 5 basis points hike in the benchmark lending rates. from mint - Money https://ift.tt/9bMcoyK https://ift.tt/zLGkwS8

New credit card rules: RBI has made it clear that unsolicited loans or other credit facilities shall not be offered to the credit cardholders without seeking explicit consent from mint - Money https://ift.tt/E0i2s1B https://ift.tt/zLGkwS8

For the gift deed to be effective in India, the same will have to be stamped and registered in India. from mint - Money https://ift.tt/5g0PEos https://ift.tt/zLGkwS8

Mutual fund calculator: If an investor had started ₹10,000 SIP in this mutual fund plan one year ago, its ₹10,000 monthly SIP would have grown up to ₹1.27 lakh today from mint - Money https://ift.tt/09aAZMH https://ift.tt/zLGkwS8

The bank's latest home loan rate of 6.5% is a special rate offered for a limited period and will be applicable till June 30, 2022. from mint - Money https://ift.tt/bQp7A92 https://ift.tt/HdjmTLq

RBI's new credit card and debit card – Issuance and Conduct directions, 2022 come into effect from July 1 from mint - Money https://ift.tt/dtaLCJ2 https://ift.tt/HdjmTLq

With urban population increasing manifold, buying a house in a large city, which is where most jobs are likely to be, has become difficult—the main obstacle being cost from mint - Money https://ift.tt/qC6BrTl https://ift.tt/HdjmTLq

The combination of high inflation and high market valuations could require revisions to the retirement rule of thumb from mint - Money https://ift.tt/BWRafFo https://ift.tt/KYGLC5f

Kamath has moderately aggressive appetite, invests in private equity and crypto for long term from mint - Money https://ift.tt/M9kvCXH https://ift.tt/KYGLC5f

Home, car loans get expensive as SBI, Axis Bank, other banks hike MCLR rates from mint - Money https://ift.tt/2Kksl3r https://ift.tt/KYGLC5f

According to the underwriting rules of several life insurers, life insurance policy premium is influenced more by smoking habits of the policy buyer than any other factor in general from mint - Money https://ift.tt/Qfhvb7L https://ift.tt/KYGLC5f

If you are following the approach of investing just in top-ranked funds within the category, then I would suggest you to consider how the funds have been performing during different market cycles (long-term) along with their portfolio characteristics from mint - Money https://ift.tt/Ny8FnCE https://ift.tt/KYGLC5f

The benefit can be claimed even if the husband is a co-applicant in the home loan from mint - Money https://ift.tt/UpOZ1Cd https://ift.tt/jYGKOCP

HDFC Bank's new fixed deposit (FD) rates are effective from today, 20 April 2022 from mint - Money https://ift.tt/H1jXluS https://ift.tt/jYGKOCP

Senior citizen special FD scheme: Latest rates of SBI, ICICI Bank, HDFC Bank from mint - Money https://ift.tt/kjyVS4m https://ift.tt/jYGKOCP

For central government employees drawing their pay in pre-revised pay scale or grade pay of 5th CPC, center has raised DA from existing 368 per cent to 381 per cent from mint - Money https://ift.tt/4cJaMsx https://ift.tt/jYGKOCP

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/ks9jzvh https://ift.tt/jYGKOCP

Before including real estate in his portfolio in 2020, Aashish Somaiyaa had been a 100% equity investor from mint - Money https://ift.tt/LqwNQsP https://ift.tt/zGUwjFR

Investments in the name of children in the Public Provident Fund (PPF), Sukanya Samriddhi Yojana, life insurance plans and certain mutual funds will help in building a large corpus for them in the long run from mint - Money https://ift.tt/knKdJ84 https://ift.tt/zGUwjFR

Saurabh Mukherjea allocates 90% of his investment portfolio towards equity and the rest in fixed deposits from mint - Money https://ift.tt/7n5w61P https://ift.tt/zGUwjFR

Whether you will be taxed on your income in India will depend on your residential status, according to the Income-Tax (I-T) Act of India from mint - Money https://ift.tt/EPoCZb2 https://ift.tt/loTLRf5

On Monday, IT major Infosys Ltd slumped more than 7% after its March quarter earnings disappointed from mint - Money https://ift.tt/OrdtWSk https://ift.tt/loTLRf5

Many AAA-rated corporate bonds are offering only 8-9 basis points more than government securities today from mint - Money https://ift.tt/QPRnmFK https://ift.tt/loTLRf5

Buying health insurance riders makes the existing policy more comprehensive, boosting coverage and providing added features. It also saves on the cost of buying a new policy from mint - Money https://ift.tt/p5anYPm https://ift.tt/loTLRf5

SBI hikes MCLR across all tenors with effect from 15 April 2022. from mint - Money https://ift.tt/S0R1AKq https://ift.tt/loTLRf5

Proceeds received from the  KVP scheme in the form of interest are taxable in the hands of taxpayers under the head of ‘other sources’ from mint - Money https://ift.tt/Zcn8kEI https://ift.tt/IjeS2mZ

This year onwards, senior citizens aged 75 years and above looking to get exemption from filing income tax should fill and submit form 12BBA with their respective banks from mint - Money https://ift.tt/5gUEW6r https://ift.tt/IjeS2mZ

PPF account: The balance amount you can invest in Floating Rate Saving Bonds of Reserve Bank of India. from mint - Money https://ift.tt/eDfCYLG https://ift.tt/IjeS2mZ

There is a limit of 1.50 lakh upto which money can be deposited in a PPF account taking your contribution and contributions made by your parents together. from mint - Money https://ift.tt/uLIanfz https://ift.tt/IjeS2mZ

Income tax return: Due date for TDS return filing is 31st May 2022. So, before June 2022, Form 26AS of a taxpayer won't get updated from mint - Money https://ift.tt/qac0nUs https://ift.tt/IjeS2mZ

As per 15 x 15x 15 rule of mutual funds, an investor can expect to get 15 per cent return on one's monthly SIP, if the tenure of investment is 15 years. from mint - Money https://ift.tt/TPj86fV https://ift.tt/IjeS2mZ

SBI is offering home loan interest rates as low as 6.65%. However, the rates on home loans will depend upon the credit score of the borrower. Women borrowers will be the biggest beneficiary of SBI's home loans. from mint - Money https://ift.tt/hSpCu6Y https://ift.tt/EDSvnrX

As artists, it may be prudent to deposit the applicable taxes in advance so as to avoid payment of any additional interest from mint - Money https://ift.tt/kPLid2J https://ift.tt/EDSvnrX

Premature withdrawal is allowed only up to a certain amount, and premature closure can be done only for specific reasons from mint - Money https://ift.tt/rxcMjhy https://ift.tt/EDSvnrX

Nippon India Small Cap Fund is the top yielding mutual fund scheme for SIP investors in last 10 years from mint - Money https://ift.tt/qXLMHBJ https://ift.tt/EDSvnrX

Mutual fund calculator: 15 x 15 x 15 rule of mutual funds say that if a mutual fund SIP investor invests ₹15,000 per month for 15 years, then it may get ₹1 crore maturity amount at 15 per cent annual return on one's money, say experts from mint - Money https://ift.tt/GoJKvCW https://ift.tt/EDSvnrX

With effect from April 14, ICICI Bank offers a 4.25% interest rate on 1 year to 389 days and 390 days to less than 15 months tenure compared to the previous 4.15%. from mint - Money https://ift.tt/zZY3COq https://ift.tt/tyxmH5P

For purpose of taxation of an individual under the income tax laws, there are three residential categories of an Individual for tax purposes. from mint - Money https://ift.tt/NRlhaAd https://ift.tt/tyxmH5P

Since you are buying a property from a non-resident you are required to have a TAN number but only at the time of making payment of the tax deducted to the credit of the central government and not when you execute and register the agreement. from mint - Money https://ift.tt/hT7MiBH https://ift.tt/tyxmH5P

Some employers allow their employees to avail partial encashment of accumulated leave during continuance of their service from mint - Money https://ift.tt/RI9iyXP https://ift.tt/tyxmH5P

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/mJ3ybDp https://ift.tt/tyxmH5P

If you don’t know why you are investing, you will not know where to invest, says Mohanty from mint - Money https://ift.tt/zX10YCS https://ift.tt/2YxDHWN

The regulator further clarified that the policies offered by the entity are not health insurance plans, and not registered with Irdai. from mint - Money https://ift.tt/soyLp0E https://ift.tt/2YxDHWN

An inheritance can be either under a Will or can be under personal law in case the person has died without leaving a valid Will. from mint - Money https://ift.tt/TJtIBsd https://ift.tt/2YxDHWN

There are a variety of low-risk asset classes like debt funds, government bonds, etc., that would be an excellent way to safely diversify your assets and gain inflation-beating returns over the long run. from mint - Money https://ift.tt/nHD3F2N https://ift.tt/2YxDHWN

SBI home loan: There is a uniform rate for any loan amount from mint - Money https://ift.tt/84bhIvx https://ift.tt/2YxDHWN

Under the cardless cash withdrawal facility, a customer is not required to use his/her debit or credit cards while withdrawing cash from ATMs from mint - Money https://ift.tt/GoXhiHN https://ift.tt/2YxDHWN

Liquid funds are a better version of savings account, says DSP chief executive Kalpen Parekh from mint - Money https://ift.tt/QJezLTG https://ift.tt/2YxDHWN

Mid- and small-cap schemes fared better on returns against their benchmarks, the SPIVA India scorecard shows from mint - Money https://ift.tt/2DKbLOV https://ift.tt/4uCX7DB

Decide the large, mid and small cap equity mix and then choose the right products from mint - Money https://ift.tt/XBTzQSW https://ift.tt/4uCX7DB

It would be better to have a balanced portfolio with some debt allocation from mint - Money https://ift.tt/psdqyHY https://ift.tt/4uCX7DB

This Act ensures that priority should be given to the policyholder’s immediate family’s needs from mint - Money https://ift.tt/QWiUN51 https://ift.tt/4uCX7DB

Central government employees can avail house building advance at interest rate of 7.10 per cent in FY23 from mint - Money https://ift.tt/uSbko6P https://ift.tt/4uCX7DB

Axis Bank revises the average balance requirement, free cash transaction limit. The changes are applicable from April 1, 2022 from mint - Money https://ift.tt/PfEO9Xm https://ift.tt/4uCX7DB

Good news for FD investors. Banks have raised interest on fixed deposits from mint - Money https://ift.tt/806YKES https://ift.tt/4uCX7DB

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/8McJ6w3 https://ift.tt/hxviwJH

‘Right now, I feel like the markets are expensive, hence I have a larger allocation towards risk-free assets’ from mint - Money https://ift.tt/kLqYJ21 https://ift.tt/hxviwJH

When it comes to rewards and benefits, credit cards are miles ahead of BNPL cards from mint - Money https://ift.tt/V0hF46u https://ift.tt/hxviwJH

Banks and large NBFCs usually prefer lending to individuals having a credit score of 750 and above. from mint - Money https://ift.tt/eYfSoyx https://ift.tt/hxviwJH

Post Office savings schemes: What changes for MIS, SCSS and FD account holders from tomorrow from mint - Money https://ift.tt/qbzcdvp https://ift.tt/xy2vXPZ

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/X6ksLTH https://ift.tt/xy2vXPZ

Here’s a look at the lowest home loan interest rates of some leading banks from mint - Money https://ift.tt/BraVqkv https://ift.tt/xy2vXPZ

If we think there are cases where we think products may become inappropriate for people, we might as well not launch them, says Chandresh Nigam, CEO, Axis Mutual Fund from mint - Money https://ift.tt/YuepJg8 https://ift.tt/xy2vXPZ

Thematic funds lack diversification and are highly susceptible to market movements from mint - Money https://ift.tt/uyVn4aA https://ift.tt/xy2vXPZ

Nomination is only a stop-gap arrangement. A nominee is a trustee who holds the property of the deceased in a fiduciary capacity for the benefit of the beneficial owner being the legal heir of the deceased (in the event of the deceased dying intestate) or a beneficiary under a Will from mint - Money https://ift.tt/Z8o3lMX https://ift.tt/xy2vXPZ

Don’t just act on the scary warnings of the experts and reduce your equity exposure from mint - Money https://ift.tt/MwOcQov https://ift.tt/xy2vXPZ

SBI tweeted: ‘Our OTP based cash withdrawal system for transactions at SBI ATMs is vaccination against fraudsters’ from mint - Money https://ift.tt/AmDgQ5O https://ift.tt/f9wF72j

Analysts believe the luxury real estate market will naturally pick up and aid in the overall real estate recovery cycle from mint - Money https://ift.tt/jMrCF7X https://ift.tt/f9wF72j

EPFO has announced a new tax structure on PF contributions above ₹2.5 lakh for private-sector employees, while the threshold limit is set at ₹5 lakh for government employees. from mint - Money https://ift.tt/RGWXQ2d https://ift.tt/f9wF72j

ITR filing: Revenue Department and the Reserve Bank are working to ensure that the taxation aspect is clear both for field tax offices as well as those who deal with cryptocurrencies and other virtual digital assets from mint - Money https://ift.tt/8XHFGge https://ift.tt/f9wF72j

Mutual fund return calculator: To achieve ₹1 crore investment goal by starting a monthly SIP of ₹1,000, one has to continue investing for 25 to 30 years maintaining annual SIP step-up of 10-15 per cent, say experts from mint - Money https://ift.tt/zjlqZ4V https://ift.tt/f9wF72j

HDFC Bank new fixed deposit (FD) rates are effective from 6 April 2022 from mint - Money https://ift.tt/7yVZTr4 https://ift.tt/f9wF72j

Home loan interest rate: RBI Governor Shaktikanta Das said that the move means requirement of capital provision for banks would come down and it would ensure more credit is available to borrowers, particularly for high-end properties from mint - Money https://ift.tt/1hJtpPF https://ift.tt/f9wF72j

The cardless cash withdrawal facility does not require bank customers to use their debit or credit cards while withdrawing cash from ATMs from mint - Money https://ift.tt/O5sXAD6 https://ift.tt/2BcEOM1

Experts believe that a simplified taxation regime also encourages the NRIs to park their surplus money in India from mint - Money https://ift.tt/LWrugyE https://ift.tt/2BcEOM1

A 4% rate each will be applicable on tenures 91 days to 179 days from the current 4.4%, whereas, 4.5% is set on 180 days to less than 1-year tenures from the present 4.90%. from mint - Money https://ift.tt/onMPTGu https://ift.tt/2BcEOM1

For Indian residents, if a PF account is linked with a valid PAN card, then the rate of TDS will be 10%, however, if the account is not linked with PAN then the taxable rate will double to 20%. from mint - Money https://ift.tt/mKZqUOT https://ift.tt/2BcEOM1

Earlier, the ICICI Bank's Golden Years FD Rates that came into effect from January 20, 2022, were set to end on April 08, 2022. However, ICICI Bank has now extended the scheme on its official website till October 7, 2022. from mint - Money https://ift.tt/SgG2ieI https://ift.tt/2BcEOM1

Any person working in a factory, Port, plantation etc. and a person working in any other establishment, where ten or more persons were employed on any day during the preceding twelve months, are entitled for if they have rendered continuous services for minimum of five years with the same employer from mint - Money https://ift.tt/jMyYOEQ https://ift.tt/2BcEOM1

Geopolitical tension due to the raging war between Russia and Ukraine and concerns over surging crude prices triggered a sharp correction in the market towards the end of February and early March from mint - Money https://ift.tt/OxG3Pjv https://ift.tt/fHe1bcI

Experts feel that extending card-less cash withdrawal facility via UPI to all banks will provide a whole new level of ease of transactions across the banking system, which adds to the bouquet of digital transaction services for the economy. from mint - Money https://ift.tt/ea9CvMO https://ift.tt/fHe1bcI

The Reserve Bank had in October 2020 had rationalised the risk weights for individual housing loans by linking them only with loan to value (LTV) ratios for all new housing loan from mint - Money https://ift.tt/eWJgwt5 https://ift.tt/fHe1bcI