I am Wealthy at 23

The deadline for filing income tax returns by those taxpayers who do not have to get their accounts audited for the fiscal that ended on March 31, 2022 was July 31 from mint - Money https://ift.tt/lJE1L7F https://ift.tt/2lveNTB

What makes commercial real estate investment as the most advantageous investment option? Experts try to decode from mint - Money https://ift.tt/TpJdVSo https://ift.tt/2lveNTB

Flexi cap funds are the most popular equity mutual funds when it comes to diversification and wealth creation. from mint - Money https://ift.tt/bvRsI4m https://ift.tt/2lveNTB

The interest rates on fixed deposits below ₹2 crore have been revised by private sector lender Karnataka Bank. from mint - Money https://ift.tt/Qkw1tqU https://ift.tt/2lveNTB

State Bank of India (SBI) customers can open a savings account by visiting the branch or online through Yono platform from mint - Money https://ift.tt/DvExV0o https://ift.tt/7E8J9hi

There are a number of 'investment for beginner' books available, let's take a look at 7 must-read books to grasp the concept of investment better. from mint - Money https://ift.tt/pbGCo1r https://ift.tt/7E8J9hi

Tweaking with interest rates by the nation’s central bank casts a shadow on the currency’s exchange rate. Read further to know how this happens from mint - Money https://ift.tt/WXaE3ki https://ift.tt/7E8J9hi

Hedging is important as it helps you in minimising your risk. This is why one must always ‘hedge’. We explain further from mint - Money https://ift.tt/ZC4051W https://ift.tt/7E8J9hi

ITR filing: If a taxpayer misses to file ITR after the last date of 31st December 2022, the income tax department may levy penalty of 50% to 200% on taxpayer's actual income tax outgo from mint - Money https://ift.tt/V7rg25l https://ift.tt/7E8J9hi

ITR filing last date: In AY 2021-22, total number of ITRs filed were 6.68 crore whereas total number of audited ITRs filed by September 2021 was around 5.70 crore from mint - Money https://ift.tt/Vgw3YAD https://ift.tt/7E8J9hi

For a flat being sold was bought or acquired before 1st April 2001, the income tax laws allow you to adopt the fair market value of the property as on 1st April 2001. from mint - Money https://ift.tt/qosZbim https://ift.tt/l0NiCXS

In case your agricultural land falls within the definition of agricultural land as per income tax laws, the same is not treated as capital asset for taxation purpose from mint - Money https://ift.tt/D9QhZfE https://ift.tt/l0NiCXS

With more than 280 branches across 18 countries, DBS Bank is a major provider of financial services in Asia. from mint - Money https://ift.tt/iYscN2u https://ift.tt/l0NiCXS

A monthly income plan enables investors with zero risk tolerance to generate a regular fixed income with guaranteed returns at a predetermined rate of interest every month till maturity. from mint - Money https://ift.tt/WqKIpml https://ift.tt/l0NiCXS

Fixed deposit investments are the only debt instrument available to the general public and senior citizens to participate in when it comes to receiving safe returns. from mint - Money https://ift.tt/QcGozst https://ift.tt/l0NiCXS

Some categories of tax payers are supposed to file tax returns on ITR-2 when they have more than one house property income or there is a capital gain or hold any foreign assets or hold investment in unlisted equity. Read further to know more from mint - Money https://ift.tt/pAdly9h https://ift.tt/l0NiCXS

It would be ideal if you could consolidate your portfolio with investments in one ELSS fund for tax savings like the HDFC Tax Saver Fund, and regular investments in schemes like the Mirae Emerging Bluechip Fund, Kotak Emerging Equities Fund and an international fund like ICICI US Bluechip Fund. from mint - Money https://ift.tt/SlHhyFe https://ift.tt/ah6ZYKy

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/fYJMkIx https://ift.tt/ah6ZYKy

Investors seem to have fallen out of love with Zomato, Policybazaar, Nykaa, Paytm & even LIC from mint - Money https://ift.tt/o1JTuI9 https://ift.tt/ah6ZYKy

Shivalik Small Finance Bank (SFB) has revised interest rates on both savings accounts and fixed deposits. from mint - Money https://ift.tt/hS3iqoL https://ift.tt/ah6ZYKy

Interest rates on fixed deposits below ₹2 crore have been increased by public sector lender Bank of Baroda (BOI). from mint - Money https://ift.tt/ovzqQLY https://ift.tt/ah6ZYKy

Ultra-short and floating-rate debt funds are a good investment at this current juncture, given global economic instability brought on by war and its cascading effects on commodities and economies at large. from mint - Money https://ift.tt/k7FQidW https://ift.tt/ah6ZYKy

ITR filing for FY 2021-22: Short term capital gain will be levied when the property is sold after holding it for less than two years from mint - Money https://ift.tt/8ToHCvF https://ift.tt/ah6ZYKy

Many advisors recommend a ‘bucket-based’ approach for a post-retirement life. So, when a person has more money than they need for the next three-five years, they can invest the excess money in riskier assets to gain from market growth from mint - Money https://ift.tt/GhP5Cpr https://ift.tt/E9fL1pS

Online platforms are splitting these bonds into smaller units and selling to retail investors from mint - Money https://ift.tt/W7ktopJ https://ift.tt/E9fL1pS

The deadline for the last date for filing income tax return (ITR) is just four days away from mint - Money https://ift.tt/rBR8Zf2 https://ift.tt/E9fL1pS

ITR filing for AY 2022-23: The income department can launch prosecution in case the amount of tax sought to be avoided exceeds ₹10,000 from mint - Money https://ift.tt/pWNzoKu https://ift.tt/E9fL1pS

SBI ATM cash withdrawal rules: SBI customers can use this facility to withdraw cash amount of Rs10,000 and above from its ATMs by entering an OTP from mint - Money https://ift.tt/RQYLzDK https://ift.tt/E9fL1pS

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/r8Bliax https://ift.tt/E9fL1pS

Banks will levy a monthly penalty of 1.5-6% if the average monthly balance in savings accounts is not maintained from mint - Money https://ift.tt/3iH2DaR https://ift.tt/XU4r1gs

ITR-3 is the applicable ITR form to report income from ‘profits and gains from business or profession (PGBP)’.  The tax payable on such income is at the slab rate applicable to each individual from mint - Money https://ift.tt/zhGuPA2 https://ift.tt/XU4r1gs

Whenever the asset is self-earned, the owner of the asset has the right to decide how to deal with the same from mint - Money https://ift.tt/vHpVYPu https://ift.tt/XU4r1gs

The challenge comes from the psychological mind games a falling market plays on you from mint - Money https://ift.tt/l3YFfat https://ift.tt/XU4r1gs

The Walton family fortune fell $12.9 billion on Tuesday after Walmart Inc. slashed its earnings outlook for the second time this year. from mint - Money https://ift.tt/Oi057ID https://ift.tt/XU4r1gs

Individual taxpayers whose accounts do not need to be audited have until July 31, 2022, to file their ITR for the fiscal year 2021–22 (AY 2022–23). from mint - Money https://ift.tt/ENgTLrt https://ift.tt/XU4r1gs

RBL Bank, a private sector lender, raised interest rates on fixed deposits below ₹2 crore. from mint - Money https://ift.tt/5PvI60K https://ift.tt/XU4r1gs

The intention is  to retain some diversification. So,  we have not sold  a single foreign company share, says Raunak Onkar, co-fund manager, PPFAS from mint - Money https://ift.tt/whlHjev https://ift.tt/XU4r1gs

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/3nKUaJW https://ift.tt/bCkh8ET

If a policyholder has paid a premium on life insurance to insure his or her life or on the life of the spouse or any child of the assessee and in the case of HUF, then such premiums paid are eligible for benefit under section 80C. from mint - Money https://ift.tt/ReZjQdB https://ift.tt/bCkh8ET

Considering uncertainty, rising medical bills and hospitalisation costs, especially in the case of critical illnesses, it is advisable to buy a personal comprehensive insurance plan from mint - Money https://ift.tt/gdbaYkC https://ift.tt/bCkh8ET

While making investment decisions, it is important to understand the risk one can take, the goal, and the investment’s horizon. Since the investment horizon is long and it is for children’s future, you can have an aggressive risk profile. from mint - Money https://ift.tt/cjEP6Kl https://ift.tt/bCkh8ET

Reserve Bank of India’s foreign-exchange reserves have fallen by about $30 billion since the end of May to $573 billion. from mint - Money https://ift.tt/OoyD8r5 https://ift.tt/bCkh8ET

Investing in crypto-assets: Possession of these tokens grants investors rights that can take different forms (either access to a good — like a work of art — a service or something similar to owning a stock). from mint - Money https://ift.tt/QdIMg4O https://ift.tt/bCkh8ET

The asset management firm is keen to reduce dependency on an individual fund manager from mint - Money https://ift.tt/RKeqMdk https://ift.tt/bCkh8ET

Debt investors are now actively looking for a fixed deposit scheme with higher interest rates in the market since fixed deposit interest rates are on the rise. from mint - Money https://ift.tt/8jdZAzY https://ift.tt/bCkh8ET

Under the term loan lending model, only the amount that the consumer actually borrows will appear in their credit bureau from mint - Money https://ift.tt/Y8SFy0q https://ift.tt/bCkh8ET

IFOS includes dividend from companies, income from interest and royalty from mint - Money https://ift.tt/w1IMplE https://ift.tt/bCkh8ET

It is to be noted that the online UAN portal reflects service period under the respective employers separately from mint - Money https://ift.tt/Pqp7gsk https://ift.tt/GbiXKVZ

Here’s a look at the lowest home loan interest rates of some leading banks from mint - Money https://ift.tt/VSqe4Zo https://ift.tt/GbiXKVZ

For investors who wish to build long-term wealth without relying on market-based returns and have a low-risk tolerance capacity, fixed deposit investments are the best debt option. from mint - Money https://ift.tt/WkdLE4C https://ift.tt/GbiXKVZ

Interest rates on both fixed deposits and savings bank deposits have been revised by private sector lender South Indian Bank. from mint - Money https://ift.tt/VZiIbw8 https://ift.tt/17RrCo6

Portfolio management: Most helpful thing you can do to manage money is to plan your broader life better, say experts from mint - Money https://ift.tt/8E3ad54 https://ift.tt/17RrCo6

Shariah-compliant funds are socially responsible investing funds that are governed by the requirements of Shariah law and the principles of the Islamic religion from mint - Money https://ift.tt/P57RdB6 https://ift.tt/17RrCo6

Certain behaviours you adopt early in your life and career, such as in your 20s, may help you become wealthy in your 30s if you start modestly. We share some useful mantras here that would go a long way in helping you build wealth from mint - Money https://ift.tt/qQI9Nxe https://ift.tt/17RrCo6

ITR filing for AY 2022-23:  Due to heavy load, there are instances of income tax portal having some issues on last day from mint - Money https://ift.tt/OXW8jae https://ift.tt/17RrCo6

Equity mutual funds: Fall in rupee against the US dollar will impact short term return, believe experts from mint - Money https://ift.tt/yeCKIGZ https://ift.tt/17RrCo6

Dhanlaxmi Bank, a private sector lender, raised interest rates on fixed deposits under ₹2 crore. from mint - Money https://ift.tt/R89dvVy https://ift.tt/6wag1zT

On fixed deposits below ₹2 crore, the public sector lender Punjab National Bank (PNB) has increased interest rates. from mint - Money https://ift.tt/fjZ1xO5 https://ift.tt/6wag1zT

He has a core portfolio linked to value and growth investing, and a momentum portfolio from mint - Money https://ift.tt/msJVlGB https://ift.tt/6wag1zT

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/DgSmKT9 https://ift.tt/6wag1zT

It is important to note that dissolution of HUF can happen after partition of properties of the HUF from mint - Money https://ift.tt/WmENJzO https://ift.tt/6wag1zT

Cencom can be used by investors, irrespective of whether any transaction was done on MFU or elsewhere, Ganesh Ram, MD & CEO, Mutual Fund Utilities said from mint - Money https://ift.tt/AY0iaWf https://ift.tt/6wag1zT

The credit card offers 10 reward points on every ₹100 spent on dining, entertainment and shopping, and users can redeem 3X EazyPoints against hotel stays, meals, exclusive restaurant openings and events across the country from mint - Money https://ift.tt/3tG8YFo https://ift.tt/BF2sp5r

The power to ‘Switch Off’ benefit comes with advantage and protect variants of ManipalCigna ProHealth Prime plan that allows policyholders to switch off their health insurance from 2nd year onwards, for up to 30 days while traveling abroad and get a discount on renewal premium. from mint - Money https://ift.tt/4XsbVkp https://ift.tt/BF2sp5r

ITR filing: Taxpayers are advised to tally the information in AIS and report any kind of mismatch between the government data and the income tax return data filed by you from mint - Money https://ift.tt/byLC2os https://ift.tt/KNOJY8n

Experts, and recent research reports, have painted a positive outlook for the sector in the near future as well. from mint - Money https://ift.tt/jwm4fzC https://ift.tt/KNOJY8n

Twenty years of the HDFC Index Fund Nifty 50 Plan have been achieved by HDFC Asset Management Co. Ltd. from mint - Money https://ift.tt/WVh7fnS https://ift.tt/KNOJY8n

Credit-card and other delinquencies are rising. Here’s how to remember to pay, even when you’re stressed about inflation. from mint - Money https://ift.tt/sU9HGNe https://ift.tt/KNOJY8n

New and existing customers across DBS Bank India's more than 550 branches can choose from Bajaj Allianz Life’s retail products including term, savings, retirement, and investment products from mint - Money https://ift.tt/3RlTOaZ https://ift.tt/KNOJY8n

For debt investors seeking capital building over a predetermined time period, fixed deposits (FDs) are a good option. from mint - Money https://ift.tt/SE36lZF https://ift.tt/KNOJY8n

The majority of banks in the public and private sectors continue to give returns that are below the rate of inflation, even while interest rates on fixed deposits are on the rise. from mint - Money https://ift.tt/Cz1pj06 https://ift.tt/KNOJY8n

Flagship schemes of asset management companies may not deliver attractive returns at all times: Mint analysis from mint - Money https://ift.tt/3OKczEW https://ift.tt/rKGQhsw

As the name suggests, the scheme will replicate the Nifty Midcap 150 Quality 50 Index which comprises 50 companies from the parent Nifty Midcap 150 Index based on ‘Quality Scores’ using metrics like return on equity, financial leverage (except for financial services companies) & earning per share or EPS growth variability of each stock from mint - Money https://ift.tt/tVe2zKm https://ift.tt/rKGQhsw

On fixed deposits below ₹2 crore, Fincare Small Finance Bank has announced an increase in interest rates. from mint - Money https://ift.tt/QyK4cW8 https://ift.tt/rKGQhsw

Interest rates on fixed deposits of less than ₹2 Cr have increased thanks to a private sector lender, IDFC First Bank. from mint - Money https://ift.tt/4xVwk0z https://ift.tt/rKGQhsw

Federal Bank, a private sector lender, revised interest rates on fixed deposits below ₹2 crore. According to the bank's website, the new rates are effective as of today, July 18, 2022. from mint - Money https://ift.tt/jiTIfUQ https://ift.tt/rKGQhsw

Redemption decisions should always be based on maturity of financial goals, changes in risk appetite and/or continued under-performance of the funds already invested in from mint - Money https://ift.tt/opHf2gq https://ift.tt/rKGQhsw

Besides tax benefits, such policies protect you from higher premium payments every year till the policy lapses from mint - Money https://ift.tt/Xbceg5v https://ift.tt/b43o8rW

Those who miss the deadline of 31 July can file a belated ITR till 31 December, but they will have to pay a late filing fee from mint - Money https://ift.tt/zZEfCN5 https://ift.tt/b43o8rW

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/BR5HPKX https://ift.tt/b43o8rW

An account is classified as an inoperative account in which contribution has not been received for three years after retirement or permanent migration abroad or in case of death from mint - Money https://ift.tt/PCXR8l6 https://ift.tt/b43o8rW

Rogue apps do not provide documentation, fail to provide necessary information from mint - Money https://ift.tt/RMpNHWk https://ift.tt/b43o8rW

Owing to the RBI's increase in the repo rate to 4.90 percent during the MPC meeting in June, interest rates on fixed deposits are on the rise. from mint - Money https://ift.tt/a05HXqS https://ift.tt/b43o8rW

Large Cap Funds invest primarily invest in large-cap stocks, and according to SEBI's classification, the funds must hold 80 per cent to 100 per cent of their allocation in large-cap stocks. from mint - Money https://ift.tt/B20y5vb https://ift.tt/b43o8rW

Interest rates on fixed deposits of less than ₹2 Cr have been changed by Citibank India. from mint - Money https://ift.tt/mK1Gj6w https://ift.tt/b43o8rW

Currency markets, just as financial markets, have some imperfections — the same currency pair can be sold at different prices at the same time. Some traders capitalise on these deviations to make money during a process called currency arbitrage. Read further to understand the concept in detail from mint - Money https://ift.tt/9DmbsFf https://ift.tt/NPzJFfm

Earning interest on one of the safest savings instruments and saving tax at the same time is equivalent to killing the two birds with one stone. Read further to know more on tax-saving FDs. from mint - Money https://ift.tt/Qm60NwG https://ift.tt/NPzJFfm

ITR filing: To claim refund on TDS deduction, one needs to file income tax return even when one's annul income is below ₹2.50 lakh from mint - Money https://ift.tt/W0QwJYE https://ift.tt/NPzJFfm

This NRE account can also be used for payment of EMI of home loans in India from mint - Money https://ift.tt/F7kgXnf https://ift.tt/NPzJFfm

The most popular investment choice for tax savers is tax saver fixed deposits, which allow investors to claim tax deductions annually up to ₹1.5 lakh under Section 80C of the Income Tax Act of 1961. from mint - Money https://ift.tt/rJ8HS5a https://ift.tt/uBAZeGI

For fixed deposits below ₹2 crore, the private sector lender IDBI Bank has announced an increase in interest rates. from mint - Money https://ift.tt/USszadl https://ift.tt/uBAZeGI

State Bank of India (SBI), the largest lender in the nation, raised interest rates on domestic bulk term deposits of Rs.2 Crore and above. from mint - Money https://ift.tt/rt1AmHB https://ift.tt/uBAZeGI

Mutual fund calculator: If an investor had started monthly SIP of ₹10,000 in JM Tax Gain Fund - Direct Plan, three years ago, its ₹10,000 monthly savings would grown up to ₹4.57 lakh today from mint - Money https://ift.tt/tXxZhV7 https://ift.tt/uBAZeGI

As income tax filing season is about to end, here are some tax saving investment ideas from mint - Money https://ift.tt/uwUxVka https://ift.tt/uBAZeGI

SBI hikes lending rates: For one year tenor, the bank has decided to increase MCLR to 7.50 per cent from mint - Money https://ift.tt/RyWelpa https://ift.tt/uBAZeGI

Maheshwari credits his fortune to Pantaloons, Page Industries, Bajaj Finance & DMart stocks from mint - Money https://ift.tt/4TweJ7o https://ift.tt/uBAZeGI

Fixed income is an investment strategy that can provide a consistent income flow with less risk than stocks and mutual funds. from mint - Money https://ift.tt/qz3N9Ts https://ift.tt/uBAZeGI

You can invest in a few mutual fund schemes. The monthly investment of Rs.10,000 for 15 years will help you build a corpus of Rs.40 lakh or Rs.47 lakh, assuming a return of 10% p.a and 12% p.a., respectively from mint - Money https://ift.tt/kN8rKcR https://ift.tt/uBAZeGI

While choosing funds, factors such as portfolio overlap, fund house diversification etc. are important but secondary to factors such as longevity of the fund and consistency of returns across market cycles from mint - Money https://ift.tt/I9SWbcl https://ift.tt/RXlIJAE

A Non-Banking Financial Company (NBFC), ICICI Home Finance, has modified its interest rates for fixed deposits. from mint - Money https://ift.tt/h1ZIWkL https://ift.tt/RXlIJAE

ITR filing for AY 2022-23: Incase of any inadvertent erroneous reporting by any payer, the 26AS would reflect incorrect details from mint - Money https://ift.tt/EZc9Xo0 https://ift.tt/RXlIJAE

The ITR filing for the assessment year 2022-23 (AY23) is now available on the income tax e-filing from mint - Money https://ift.tt/anX5usJ https://ift.tt/RXlIJAE

With RBI removing the cap on interest rates till 31 October, NRIs can earn more from deposits in these accounts from mint - Money https://ift.tt/W7ADFCp https://ift.tt/9rhsBK2

The e-voting platforms of NSDL and CDSL allow share-holders to register for e-voting from mint - Money https://ift.tt/IDlmVa4 https://ift.tt/9rhsBK2

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/c6aAMFO https://ift.tt/9rhsBK2

As per provisions of the I-T Act, the buyer is required to deduct tax at source (TDS) at the time of making payments if the total sales consideration exceeds ₹50 lakh from mint - Money https://ift.tt/4aSovN1 https://ift.tt/9rhsBK2

It should not deter investors who have a long-term horizon of 10 years or more from mint - Money https://ift.tt/yIN7Fkc https://ift.tt/9rhsBK2

The customer can pay a nominal fee to avail the benefits of higher eligibility and maximum tenure under Mortgage Guarantee products.  from mint - Money https://ift.tt/eYVEPl4 https://ift.tt/18IWdfF

Bitcoin-the world's largest and most popular cryptocurrency- was trading at $19,925, down more than 3% from mint - Money https://ift.tt/bdpfSzG https://ift.tt/18IWdfF

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/GXU1szo https://ift.tt/18IWdfF

Investments in InvITs can help diversify your portfolio further but do take note of the risks and rewards from mint - Money https://ift.tt/2HOZzfY https://ift.tt/18IWdfF

Real returns on FDs often tend to be negative, but they are good avenues for parking surplus funds from mint - Money https://ift.tt/z2sXZIP https://ift.tt/18IWdfF

The best investors focus on risk management that fits their long-term goals. from mint - Money https://ift.tt/5RlY1JO https://ift.tt/18IWdfF

Brokers and web aggregators are all licensed entities regulated by the insurance regulator IRDAI from mint - Money https://ift.tt/Qhq4IeH https://ift.tt/ojmxFgK

Crypto withdrawals remain open for people who provide us liquidity but for the majority of people, it remains disabled, says Mridul Gupta, COO, CoinDCX from mint - Money https://ift.tt/4ajs9be https://ift.tt/ojmxFgK

Retail investors in fixed deposits gain the most whenever a repo rate is raised since deposit interest rates start to climb. from mint - Money https://ift.tt/1Xv2alS https://ift.tt/ojmxFgK

Equity Linked Savings Scheme (ELSS) is the most popular choice for claiming tax deductions under Section 80C. from mint - Money https://ift.tt/HJNzrVF https://ift.tt/ojmxFgK

Opening a savings account is the first step in managing your personal finances, as well as allowing you to save funds for emergencies. from mint - Money https://ift.tt/ZQuxYLV https://ift.tt/ojmxFgK