I am Wealthy at 23

Such programmes are better suited for working professionals who cannot afford a career break or pay high fees from mint - Money https://ift.tt/kezU3A6 https://ift.tt/nJosS3q

The total number of demat account holders more than doubled in the three  years to 31 October 2021, to reach 73.8 million from mint - Money https://ift.tt/vhzCeJx https://ift.tt/nJosS3q

A recent amendment to the scheme is expected to improve the efficiency of the system from mint - Money https://ift.tt/LDardcK https://ift.tt/nJosS3q

If the taxpayer follows ‘cash basis’ of accounting, interest from Kisan Vikas Patra (KVP) may be taxed in the year of its maturity/pre-mature encashment from mint - Money https://ift.tt/65o3cMY https://ift.tt/nJosS3q

Maintain a balanced portfolio, don’t position it to time certain macro events from mint - Money https://ift.tt/MR0yW2X https://ift.tt/nJosS3q

House prices in Mumbai and Delhi, including its surrounding National Capital Region (NCR) is expected to rise between 4% and 5% this year and next from mint - Money https://ift.tt/njI5Y03 https://ift.tt/nJosS3q

Relying on dividends as a substitute for regular income from fixed-income instruments may not be a good idea from mint - Money https://ift.tt/DB3mFJO https://ift.tt/napJOPX

Silver is more a tactical allocation; gold is more a strategic allocation for portfolio diversification from mint - Money https://ift.tt/56b7GtR https://ift.tt/napJOPX

Under the exchange control law, when an individual leaves India for employment or business or for vocation outside India or for any other purpose indicating his intention to stay abroad for an uncertain period, his existing resident bank account should be designated as an NRO account from mint - Money https://ift.tt/xgWEdbU https://ift.tt/napJOPX

Pushing in-house products to earn extra fee is the most commonly-used practice from mint - Money https://ift.tt/ZvJNiKF https://ift.tt/napJOPX

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

The stock has surged nearly 140 percent since March 2022, from around ₹40 to currently trade around ₹95 per share. In comparison, Sensex has fallen around 4 percent in this period. from mint - Money https://ift.tt/hs4HFTY https://ift.tt/napJOPX

Indexed cost of acquisition = cost of acquisition multiplied by the cost inflation index (CII) of the year in which asset is sold, divided by CII for the year in which plot was first held by previous owner or FY 2001-02 (whichever is later)  from mint - Money https://ift.tt/MzgSqOy https://ift.tt/9fVimpH

Most health insurance policies cover virus-borne infections, and so will get you coverage against hospitalization expenses arising from contracting Monkeypox from mint - Money https://ift.tt/s9hgnqv https://ift.tt/9fVimpH

Non-Residents and Not Ordinarily Residents are out of the ambit of schedule FA from mint - Money https://ift.tt/jOWgNiZ https://ift.tt/9fVimpH

When it comes to high-risk equity investments, financial advisors prefer small cap funds for the long term, since these funds beat large cap and mid cap funds over duration. from mint - Money https://ift.tt/4RLPnxk https://ift.tt/9fVimpH

Shivalik Small Finance Bank (SFB), one of the DICGC-insured small finance banks noted for offering higher deposit rates than public and private sector banks, has revised its interest rates on savings accounts, fixed deposits (FDs), and recurring deposits (RDs). from mint - Money https://ift.tt/IJinvtO https://ift.tt/9fVimpH

SBI offers gold loans for an amount ranging as low as ₹20,000. The maximum loan amount is ₹50 lakh. from mint - Money https://ift.tt/wAqms6l https://ift.tt/9fVimpH

Making tax-saving investments as soon as practicable for the fiscal year 2022-23 will allow you to save more for your tax-free returns. from mint - Money https://ift.tt/62vjUOi https://ift.tt/9fVimpH

Savings accounts are bank accounts that provide risk-free returns while still providing sufficient liquidity to manage your finances. Savings accounts are often used for short-term investments and to store funds in a safe location in case of an emergency. from mint - Money https://ift.tt/brZqEXx https://ift.tt/9fVimpH

The interest rate on fixed deposits of less than ₹2 crore has been raised by Nainital Bank. The bank issued this declaration on May 25th, 2022. from mint - Money https://ift.tt/gvOYQhU https://ift.tt/fSsD9V1

Stashing cash in creative ways not only makes for entertaining videos, but can help forge good financial habits from mint - Money https://ift.tt/rNKLRVe https://ift.tt/fSsD9V1

Mutual funds calculator: In last 3 years, this small-cap mutual fund SIP has delivered around 24.70 per cent annualized return and around 94 per cent absolute return from mint - Money https://ift.tt/YpMrfcj https://ift.tt/fSsD9V1

Zerodha founder & CEO Nithin Kamath said that by choosing Sovereign Gold Bond, gold ETF and gold mutual funds ahead of digital gold an investor will be able to save an additional 5 per cent difference on buying and selling of gold from mint - Money https://ift.tt/I1iQAab https://ift.tt/fSsD9V1

Fincare Small Finance Bank (SFB) has hiked interest rates on fixed deposits of less than ₹2 Cr. The interest rate revision was made on 24th May 2022 by the bank and following the revision, the bank has hiked interest rates on multiple tenors. from mint - Money https://ift.tt/rAuvma1 https://ift.tt/fSsD9V1

LIC's Bima Ratna plan offers financial support for the family in case of the unfortunate death of the policyholder during the policy term and also provides for periodical payments for the survival of the policyholder at specified durations to meet the various financial needs. from mint - Money https://ift.tt/GuiDpXI https://ift.tt/el4YIna

To decide whether to buy, sell or hold a stock, it is imperative to understand an interplay of several factors such as revenue, margins, market expectations, technical and macro indicators. Let us decode how it helps to take stock-related decisions from mint - Money https://ift.tt/hHsA04y https://ift.tt/el4YIna

Active ELSS funds allocate a minimum of 80% to equity & the rest to debt instruments from mint - Money https://ift.tt/z2wHkLn https://ift.tt/dVQz2lX

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/7p14TwZ https://ift.tt/dVQz2lX

An investor with a longer horizon may choose higher equity allocation from mint - Money https://ift.tt/NRCSjvL https://ift.tt/dVQz2lX

Money-back policies are designed in a way that guarantees a payback at regular intervals, as some percentage of the sum assured from mint - Money https://ift.tt/WRm5h4b https://ift.tt/dVQz2lX

Experts say FDs are not a great investment instrument, but these are good for parking surplus funds from mint - Money https://ift.tt/hb93VvO https://ift.tt/dVQz2lX

Investing in multi cap funds is preferable, whether the market is bullish or bearish, since the fund manager invests in all sectors of the market, including large, mid, and small caps, giving an investor a better portfolio diversification to achieve risk-adjusted returns. from mint - Money https://ift.tt/Y2EuOIo https://ift.tt/dVQz2lX

Although fixed deposits offer additional rate benefits to senior citizens, we are talking about term deposits that offer additional rate benefits over and above the existing 0.50 per cent benefit for senior citizens. from mint - Money https://ift.tt/Nd2DE5k https://ift.tt/dVQz2lX

The debt trap refers to an uncontrollable increase in debt. It's possible to end up with a pile of debt that takes years to pay off if you're not careful. Let us find out how can one avoid a debt trap from mint - Money https://ift.tt/noXgdtK https://ift.tt/dVQz2lX

Investors can go for options such as gold exchange traded funds (ETFs), sovereign gold bonds from mint - Money https://ift.tt/t5KfZSp https://ift.tt/RTmEdWZ

Some startups and insurance firms are now offering new health policies for children who need special care from mint - Money https://ift.tt/TOtjHGw https://ift.tt/bM4Sk09

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/T2RCFGV https://ift.tt/bM4Sk09

Mutual fund AMCs will have to ensure that the TE of their ETFs / index funds (other than in debt) does not exceed 2% based on last one year data from mint - Money https://ift.tt/0jKxCBW https://ift.tt/bM4Sk09

As per the Indian Succession Act, 1925 (ISA), if a Will is made in Kolkata, Chennai or Mumbai or deals with immovable property in Kolkata, Chennai or Mumbai, then a probate of such a will is required from mint - Money https://ift.tt/IiZ0Kpw https://ift.tt/bM4Sk09

Some unique features of green bonds make them less risky than similar bonds from mint - Money https://ift.tt/T8UgnED https://ift.tt/bM4Sk09

Pravin Jadhav is an angel investor in Wint Wealth, Stoa, OneCode, GreyQuest, Zeda, Junio and ePlane company from mint - Money https://ift.tt/BsWtoCb https://ift.tt/aRLu7JV

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/JoVFagR https://ift.tt/aRLu7JV

For NRIs, interest on deposits made in NRE account are not taxable in India from mint - Money https://ift.tt/N8Un23o https://ift.tt/aRLu7JV

Most of the providers of curated portfolios continue to provide services without change from mint - Money https://ift.tt/OkyWQdV https://ift.tt/aRLu7JV

This can be complex, can require some effort by taxpayers to get back the credit from mint - Money https://ift.tt/xRSV6Ub https://ift.tt/aRLu7JV

Experts explain why owning a rental property is one of the best retirement moves from mint - Money https://ift.tt/oHCG18N https://ift.tt/aRLu7JV

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

The platforms do not pay out any interest if you change your mind and withdraw your money from mint - Money https://ift.tt/YsnXbOT https://ift.tt/npKArBx

Unlike most startups, we don’t spend on marketing. So a lot of the growth that you’ve seen is completely organic, says Pratik Oswal, CEO, Glide Invest from mint - Money https://ift.tt/ezZfRd7 https://ift.tt/npKArBx

As per provisions of EPF scheme, 1952, interest shall not be credited to the account of a member from the date on which the account has become an inoperative account from mint - Money https://ift.tt/b9AeEjr https://ift.tt/npKArBx

Foreign travel expenditure above ₹2 lakh has to be disclosed in the ITR from mint - Money https://ift.tt/NO4o9UG https://ift.tt/npKArBx

Experts say buyers should consider insurers who maintain more than 95% of their claim settlement ratio from mint - Money https://ift.tt/bAMe9TS https://ift.tt/npKArBx

Generally, whenever the equity market experiences volatility and requires time to correct underlying prices, debt investments gain popularity. from mint - Money https://ift.tt/OFGgiZ2 https://ift.tt/npKArBx

The largest public sector bank, the State Bank of India (SBI) encourages people to apply for EVs through their Green Car Loan scheme for reducing their carbon footprint. from mint - Money https://ift.tt/pBRTm31 https://ift.tt/eLOlZf5

Prescribed limits are 500 grams of gold jewelry or ornaments for a married lady and 250 grams for unmarried females from mint - Money https://ift.tt/u1RO9dU https://ift.tt/eLOlZf5

If the salary hike has put you in the taxable bracket, choose investments that qualify for the Section 80C tax deduction from mint - Money https://www.livemint.com/money/personal-finance/got-a-salary-hike-here-is-how-to-plan-your-investment-in-order-to-save-taxes-11653010412191.html https://ift.tt/2nGB01f

‘Cutting back on discretionary expenses is one lifestyle change that will continue after covid’ from mint - Money https://ift.tt/aQHi2Tw https://ift.tt/7beW3w9

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/JonhX02 https://ift.tt/7beW3w9

You could consider a combination of the senior citizen scheme ( SCSS), Pradhan Mantri Vaya Vandana Yojana (PMVVYY), and hold to maturity target-date index debt funds, to get a good outcome from mint - Money https://ift.tt/SwAp26F https://ift.tt/7beW3w9

The ideal framework for trustees could be to work in isolation from AMCs from mint - Money https://ift.tt/ej7hZv0 https://ift.tt/7beW3w9

Go through the terms & conditions of wallet carefully to determine if tokens are held in your name or not from mint - Money https://ift.tt/37BswEM https://ift.tt/7beW3w9

We share key details of what all should a buyer be aware of prior to buying a non-fungible token from mint - Money https://ift.tt/3D6SC1d https://ift.tt/7beW3w9

Appraisal: Along with more money, comes more tax as well. So, to avoid paying more taxes due to salary hike, you should invest in tax-saving instruments first from mint - Money https://ift.tt/cvVHfXU https://ift.tt/7beW3w9

During the financial year 2022-23, no new names are added in the list of specified persons from mint - Money https://ift.tt/dwGueC0 https://ift.tt/7beW3w9

When the markets rose during covid, Bhagat kept his equity exposure limited to 20-40% from mint - Money https://ift.tt/aj6ZQb2 https://ift.tt/lZbTLED

Gold can offer flat to low returns for a prolonged period and then see very sharp upswings, triggered by a global equity risk-off scenario – i.e., gold typically delivers when equities correct from mint - Money https://ift.tt/cpaNUSH https://ift.tt/lZbTLED

Under market cap equity framework, you can go for 60:40 core-satellite from mint - Money https://ift.tt/NOjo5wp https://ift.tt/lZbTLED

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/CxJ87Zs https://ift.tt/ZIgaDqM

The Association of Portfolio Managers of India was set up recently and has reached out to larger industry players from mint - Money https://ift.tt/6ZiC0q9 https://ift.tt/0RfLM2b

This article takes a look at some of the portfolio characteristics of the debt fund categories from mint - Money https://ift.tt/TA5VSlt https://ift.tt/0RfLM2b

The term ‘nominee’ implies that a person is only a custodian of the property and the property is not bequeathed to such a person absolutely from mint - Money https://ift.tt/FWpd5v6 https://ift.tt/0RfLM2b

In the context of upcoming IPOs, many look to the grey market to gauge investor interest in such stocks from mint - Money https://ift.tt/qwozr2T https://ift.tt/0RfLM2b

HDFC’s spot home loan offer is built on the WhatsApp Business Platform, an enterprise solution that allows businesses to communicate with new and existing customers on WhatsApp from mint - Money https://ift.tt/qcZaulX https://ift.tt/0RfLM2b

HDFC’s ‘Spot Offer on WhatsApp’ is a platform that will enable prospective borrowers to get an in-principle home loan approval instantly, the lender said in a statement. from mint - Money https://ift.tt/Wd4mSs5 https://ift.tt/0RfLM2b

Experts explain the reasons why one should plan and go for a property investment early in their career from mint - Money https://ift.tt/wtANiD6 https://ift.tt/TdRpqbm

One can lend a maximum of ₹50 lakh across all P2P platforms, but note here that it is a high-risk product from mint - Money https://ift.tt/uf8HrDc https://ift.tt/TdRpqbm

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/Uf5LAT4 https://ift.tt/TdRpqbm

Rates are expected to be hiked further and it’s a matter of time before all lenders increase their interest rates on repo rate linked loans from mint - Money https://ift.tt/1mTRy5p https://ift.tt/TdRpqbm

Transferring the house to the HUF, and its subsequent sale from the HUF will enable you to book the sale proceeds in the HUF from mint - Money https://ift.tt/5LdOQam https://ift.tt/J28n3t4

Long-term average return from private markets could be substantially higher from mint - Money https://ift.tt/6NQUB9z https://ift.tt/J28n3t4

You are authorized to tax exemption which falls under Section 10 (13A) of the Income Tax Act, as per the HRA obtained by you, subject to specific limits and conditions from mint - Money https://ift.tt/uGrQ6p8 https://ift.tt/J28n3t4

Tax saving mutual funds: ELSS mutual fund is a good instrument option for equity investors who want to save tax and grow wealth in tandem from mint - Money https://ift.tt/GwWp1hV https://ift.tt/hxKjA6F

Income tax calculator: As per section 10(10D) of income tax act, maturity proceeds including bonuses received from regular life insurance policy are fully exempt from taxations from mint - Money https://ift.tt/NztI4JV https://ift.tt/hxKjA6F

Buyers should expect higher prices due to rising inflation and also a hike in home loan rates from mint - Money https://ift.tt/dw1HjTk https://ift.tt/X0jS6yW

The EDLI scheme works in combination with the EPF scheme and the Employees‘ Pension Scheme from mint - Money https://ift.tt/u61SXRY https://ift.tt/X0jS6yW

With rising rates, stocks of new-age firms with higher P/S multiples are falling faster from mint - Money https://ift.tt/tLKmSM1 https://ift.tt/X0jS6yW

Insurance companies provide a grace period of up to 30 days from the policy renewal date to pay the outstanding premium from mint - Money https://ift.tt/rX9h1du https://ift.tt/X0jS6yW

From May 12th onward, Canara Bank offers a 4% interest rate on 46 days to 90 days tenure - higher by 10 basis points from the previous 3.9%. The bank hiked the interest rate by 10 bps to 4.05% on 91 days to 179 days tenure from the previously offered 3.95%. from mint - Money https://www.livemint.com/money/personal-finance/this-public-sector-bank-hikes-fd-rates-by-10-25-bps-check-latest-rates-here-11652365177818.html https://ift.tt/X0jS6yW

As per the Yes Bank website, premature withdrawals on FDs tenure less than equal to 181 days will now have a penalty of 0.25% from May 16, 2022..However, the bank kept the penalty unchanged at 0.5% on premature withdrawal on FDs maturing 182 days and above. from mint - Money https://ift.tt/QMBTI0Z https://ift.tt/KXnL2Fr

According to the Axis Bank website, the new rates will come into effect from May 12, 2022 from mint - Money https://ift.tt/LnqwtiN https://ift.tt/KXnL2Fr

We explore how cards such as Uni and Slice are distinct from regular credit cards from mint - Money https://ift.tt/b1NVUow https://ift.tt/KXnL2Fr

The family dipped into its personal debt investments and business reserves during covid from mint - Money https://ift.tt/PL0JDVk https://ift.tt/KXnL2Fr

The mentality of retail investors is essentially driven by anchoring from mint - Money https://ift.tt/tWdqVk8 https://ift.tt/KXnL2Fr

It is always better to plan for your post-retirement monthly withdrawal as it ensures your independence and also reduces the possibility of outliving your savings from mint - Money https://ift.tt/oHgX3Ml https://ift.tt/KXnL2Fr

Capital loss due to higher interest rates may be offset by higher accrual over time from mint - Money https://ift.tt/zfmXMHi https://ift.tt/KXnL2Fr

Credit cards are not necessarily evil if you know the right way to use them. An understanding of how debt can ruin your finances will go a long way in realizing that adding to credit card debt will destroy your chances of saving your money and amassing your desired corpus in future. from mint - Money https://ift.tt/SkfxmBc https://ift.tt/mPHDaMz

You can extend your PPF account for another five years past its maturity. What’s more, you can choose between continuing the account with or without contributions depending on your availability and the requirement of finances. from mint - Money https://ift.tt/nkeArKw https://ift.tt/mPHDaMz

With effect from May 10th, savings account with a balance less than ₹50 lakh will have an interest rate of 3% per annum..Axis Bank directs customers to contact the branch officials when the amount of the savings account is ₹2,500 crore. from mint - Money https://ift.tt/1XxLeUT https://ift.tt/mPHDaMz

When it comes to investing, for most investors, the safety of the principal invested remains the most important from mint - Money https://ift.tt/QAyu58P https://ift.tt/mPHDaMz

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/EBFCma3 https://ift.tt/mPHDaMz

Scripbox CEO identifies himself as a high risk-taking investor but abides by the asset allocation principles from mint - Money https://ift.tt/KlnsqTC https://ift.tt/mPHDaMz

There is no straight answer to the question of whether couples must handle money matters jointly or separately. “To each, his own” is the guiding mantra. Ideally, couples must wait and assess each other’s behavior before taking the final plunge to discuss their finances. from mint - Money https://ift.tt/sj2yVfg https://ift.tt/Kl6WLZb

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/ecDU8NH https://ift.tt/Kl6WLZb

Effective Tuesday, the non-banking finance company has revised upwards the interest rate on its fixed deposits from mint - Money https://ift.tt/6TjhyAw https://ift.tt/Kl6WLZb

We see window of opportunity closing for home buyers over the next few quarters from mint - Money https://ift.tt/vPCHcyS https://ift.tt/Kl6WLZb

Pension received from India shall be taxable in India from mint - Money https://ift.tt/TUOBkdV https://ift.tt/Kl6WLZb

Seven schemes of Axis MF that have seen rejigs due to the investigation are arbitrage, banking, consumption, Nifty, quant, technology, and value from mint - Money https://ift.tt/wdIOlmA https://ift.tt/Kl6WLZb

As per the provisions of the Income-tax (I-T) Act 1961, the accumulated balance due and becoming payable to an employee participating in a recognized provident fund is exempt in the hands of the employee to the extent provided in rule 8 of Part A of the fourth schedule from mint - Money https://ift.tt/ej5ZMHp https://ift.tt/luQA1Ft

Just buying a comprehensive policy doesn’t guarantee cover, payout depends on the cause of fire from mint - Money https://ift.tt/vDJKruh https://ift.tt/luQA1Ft

Tier-1 benchmark shows the risk matrix and  tier-2 the investment style from mint - Money https://ift.tt/kNJjFwZ https://ift.tt/luQA1Ft

In general terms, a repo rate hike makes borrowing costlier and savings more attractive. The changes in policy repo rate make a significant impact on both lending and deposits interest rates. from mint - Money https://ift.tt/WRuQ3Xf https://ift.tt/Tlx8Kpf

In case the income is earned by the child through manual work or by using his special talent and expertise the clubbing provisions will not apply for such income. from mint - Money https://ift.tt/DgeQlpT https://ift.tt/Tlx8Kpf

Gift tax has been abolished long back from mint - Money https://ift.tt/6QpKGJ4 https://ift.tt/Tlx8Kpf

Four private banks offer inflation-beating rates on fixed deposits. The latest Consumer Price Index (CPI) inflation rate is at 6.95% in March. These four banks offer a 7% interest rate to senior citizens on their FDs below ₹2 crore. from mint - Money https://ift.tt/b94cy3S https://ift.tt/Tlx8Kpf

An NRI is eligible for deduction on donations if the NGO has received approval from the government to receive foreign donations, it is registered under Section 80G of Income-tax Act and the donation is made via electronic means from mint - Money https://ift.tt/9pesMcd https://ift.tt/l1gQMqk

Depending on the state where the property is situated and the preparation of the release deed, it may take approximately five to seven days for the registration to be completed from mint - Money https://ift.tt/8DT5NK6 https://ift.tt/l1gQMqk

As far as salaried are concerned they are not entitled to avail major benefits like Standard Deduction, House Rent Allowance, Leave Travel Assistance etc. in case they opt for the new tax regime. from mint - Money https://ift.tt/i4MyNnj https://ift.tt/l1gQMqk