I am Wealthy at 23

A central government initiative, Bharat Bond ETF invests only in ‘AAA’-rated bonds of public sector companies. Edelweiss Asset Management is the fund manager of the scheme. from mint - Money https://ift.tt/d4F37bl https://ift.tt/KuMRPdq

Digital Rupee: RBI's eRs-R would be in the form of a digital token that represents legal tender from mint - Money https://ift.tt/yPcrnxb https://ift.tt/KuMRPdq

From a taxation perspective, returns from index investing would be subject to a 10% taxation after the first ₹1 lakh in profit. The long-term capital gains tax rate of 10% applies on mutual fund units sold after one year of holding. from mint - Money https://ift.tt/TM9XYod https://ift.tt/KLX8R0h

This article is limited to the tax implications of long-term capital gains, or LTCG, because short-term capital gains (STCG) on a house property are fully taxable at the applicable tax slabs. The only exemption taxpayers can get is if their income is below the taxable income threshold of ₹2.5 lakh ( ₹3 lakh in the case of senior citizens) from mint - Money https://ift.tt/hl6BjDH https://ift.tt/KLX8R0h

The company said it is India’s first true zero markup travel card from mint - Money https://ift.tt/rtC2PT0 https://ift.tt/KLX8R0h

Real estate investment in 2023: Experts suggest that it's always advisable to consult with specialists before investing in any type of project. from mint - Money https://ift.tt/V0DOejd https://ift.tt/KLX8R0h

RBI to launch first pilot of retail digital rupee in 4 cities on December 1 from mint - Money https://ift.tt/QqXvJhs https://ift.tt/KLX8R0h

You can draft your will while you are in the USA for your Indian assets and get it attested at the Indian Embassy in the US from mint - Money https://ift.tt/Hq2MESR https://ift.tt/KLX8R0h

Factor premiums are risk adjusted returns that have a strong economic or behavioral rationale. The most common factors are value, momentum, quality, low volatility and size. from mint - Money https://ift.tt/Sis4HJq https://ift.tt/DHBPNwV

Credit risk-based single issuer limits have now been extended beyond passive debt funds to cover actively-managed MF schemes too from mint - Money https://ift.tt/B9eayxc https://ift.tt/DHBPNwV

Initially, an elderly can earn between 3.75% to a maximum of 8.05% on FDs below ₹2 crore. These interest rates have come into effect from November 25, 2022. from mint - Money https://ift.tt/AFbSqjM https://ift.tt/DHBPNwV

The larger companies in India are a fraction of their global counterparts8 in terms of both revenues and market cap, thus presenting a sizeable opportunity from mint - Money https://ift.tt/uMoEsgr https://ift.tt/DHBPNwV

If an employee has rendered service of 10 years or more, the employee will be eligible for monthly pension from EPS. from mint - Money https://ift.tt/dMpjzFA https://ift.tt/DHBPNwV

The rules pertaining to taxation of income from Indian mutual funds in both US and Canada are complex from mint - Money https://ift.tt/9deEDVi https://ift.tt/DHBPNwV

SIP in equity mutual funds has consistently demonstrated to be a more effective long-term investment strategy than other traditional investments like bank deposits and gold. from mint - Money https://ift.tt/eDtdf8a https://ift.tt/l9YTiWf

Batra talked to Mint about the firm’s stock analysing process, the human factor in taking a call on any stock, the company’s plan to enter the PMS industry and its initial public offer (IPO) roadmap. from mint - Money https://ift.tt/RMbEzke https://ift.tt/l9YTiWf

For the general public, Axis Bank offers rates varying from 3.75% to a maximum of 7.20%. However, senior citizens are the biggest beneficiary as for them the rates range from 3.75% to as high as 7.95%. from mint - Money https://ift.tt/RWETl83 https://ift.tt/l9YTiWf

Among many benefits of LAP are lower EMIs as interest rates are lower compared to home loans. Since LAP is a secured loan, the approval to avail of them is also hassle-free and fastest. There are also low to zero prepayment charges on LAP. from mint - Money https://ift.tt/gC0Uo25 https://ift.tt/l9YTiWf

As a general concept, Reit is a pass-through vehicle for income-tax purposes and accordingly dividends will be taxed as if the investors have directly earned the same from the underlying special purpose vehicle (SPV). from mint - Money https://ift.tt/QJZXtDv https://ift.tt/l9YTiWf

Just like any other EMIs on a term loan, home loan EMIs involve a percentage of your principal loan amount along with the prescribed percentage of interest rate that your bank has levied on you for borrowing. from mint - Money https://ift.tt/OjJozdg https://ift.tt/l9YTiWf

SIP is an excellent long-term investment option for equity investors who want to build up a sizable corpus. from mint - Money https://ift.tt/xXWds5k https://ift.tt/nQ64k8P

The Kotak Tax Saver Fund is an open-ended ELSS fund plan with a three-year statutory lock-in period and section 80C tax benefits. from mint - Money https://ift.tt/eRvfLQx https://ift.tt/nQ64k8P

With operations starting in Kolkata more than a century ago in 1902, Citi is now a prominent international bank in the Indian financial industry. from mint - Money https://ift.tt/xjqBboG https://ift.tt/nQ64k8P

Tax-saving fixed deposits are one of the most popular options among conservative investors who want to reduce their tax burden. from mint - Money https://ift.tt/NbucdUZ https://ift.tt/nQ64k8P

An open-ended retirement solution-focused scheme with a 5-year lock-in or until retirement age, whichever comes first, is the Tata Retirement Savings Fund. from mint - Money https://ift.tt/fnZjrcP https://ift.tt/nQ64k8P

Individual taxpayers with a legitimate PAN and Aadhaar number should link both personal identification documents since it is mandatory that you link your PAN and Aadhaar since doing so would make it possible for your income tax returns to be completed. from mint - Money https://ift.tt/5KZolv6 https://ift.tt/us6yB83

Income tax on severance pay: Certain conditions under Section 10(10C) enables a laid-off employee to claim exemption on severance payment from mint - Money https://ift.tt/05VWX6D https://ift.tt/us6yB83

An open-ended equity scheme that primarily invests in small cap equities is the Tata Small Cap Fund. from mint - Money https://ift.tt/W65HS2y https://ift.tt/us6yB83

The first international bank in the nation to get a banking licence from the Reserve Bank of India (RBI) through the Wholly Owned Subsidiary (WOS) approach began operating on December 1st, 2018 is SBM Bank (India) Ltd. from mint - Money https://ift.tt/fJNE5RU https://ift.tt/us6yB83

FDs with more than 60 months of tenure will fetch a 6.75% return for senior citizens, while FDs will fetch 6.25% for non-senior citizens. from mint - Money https://ift.tt/KXyqVeE https://ift.tt/us6yB83

Mutual funds portfolio should be well diversified among the schemes from different sub-asset categories and the exposure towards a given single scheme should not exceed the 10% of the overall portfolio from mint - Money https://ift.tt/8LfVkKo https://ift.tt/h6dmvyL

Gold bars will be physically stored in secure vaults, and verified by warrants issued on DMCC’s Tradeflow platform. The digital certificates that are backed by gold can then be traded on SafeGold’s platform from mint - Money https://ift.tt/L367T0I https://ift.tt/h6dmvyL

The interest rates range from 5.30% to 7.55%. These rates have come into effect from November 23, 2022. Notably, these FD rates do not have any premature withdrawal facility. from mint - Money https://ift.tt/m3sA2HS https://ift.tt/h6dmvyL

After four consecutive repo rate hikes by the Reserve Bank of India (RBI) from May 2022, which gave rise to escalating FD interest rates, fixed deposits have regained popularity among retail investors, particularly older individuals. from mint - Money https://ift.tt/YKEnNbQ https://ift.tt/h6dmvyL

The fund's investment model rejects companies with high leverage from mint - Money https://ift.tt/B14VDzs https://ift.tt/h6dmvyL

EPFO offers a number of services to its members including a provident fund, pension benefits to the members on their retirement and family pension and insurance benefits to their families in case of the untimely death of the member from mint - Money https://ift.tt/tKQn7Vo https://ift.tt/h6dmvyL

SBI has shared some safety tips for customers to follow in order to avoid falling into traps of instant loan apps from mint - Money https://ift.tt/N4yVXHd https://ift.tt/wfhcL8v

The rates are some for both elderlies and the general public, while ranging from 3.75% to 6.80%. ICICI Bank has also revised rates on FDs from ₹5 crore and above with a premature withdrawal facility. The minimum tenure is 7 days while it can be at a maximum of 10 years. from mint - Money https://ift.tt/NFb857C https://ift.tt/wfhcL8v

When a taxpayer owns a house property in respect of which he services a home loan but resides in a different city owing to work or any other justifiable reason, he may be entitled to claim benefits in Income Tax under the old tax regime from mint - Money https://ift.tt/SgNdqXC https://ift.tt/wfhcL8v

LIC had launched Jeevan Amar plan in August 2019 and the Tech Term plan in September 2019. It had not raised premium rates of the plans since their launch. The company will relaunch the products soon with modifications. from mint - Money https://ift.tt/fgWEuvy https://ift.tt/wfhcL8v

Rents were lower when people working remotely had not returned to Mumbai post-covid from mint - Money https://ift.tt/NGErnLC https://ift.tt/i1KeVwB

You will have to execute the necessary transfer documents, under which the share of your ex-husband in the flat will stand transferred in your favour from mint - Money https://ift.tt/JbdN1Cs https://ift.tt/i1KeVwB

The law in its present form seems to favour employees having deep pockets from mint - Money https://ift.tt/NFrhR7M https://ift.tt/i1KeVwB

Let's take a comparative look at the fixed deposit interest rates offered by the State Bank of India (SBI(, HDFC Bank, ICICI Bank and Axis Bank from mint - Money https://ift.tt/6XP0DJN https://ift.tt/i1KeVwB

The average ticket size of fixed deposits with Bajaj Finance is ₹3.5 lakh per depositor. The company has a base of 4.25 lakh depositors with more than 1 million FDs. The company can also cross-sell financial products to its FD holders from mint - Money https://ift.tt/sUzrux1 https://ift.tt/i1KeVwB

For some, it’s about international exposure, while others see it as an opportunity to earn, save and excel in career from mint - Money https://ift.tt/ZGwPRkY https://ift.tt/8RUMj97

Slab-based approach can be used for employees covered by SITG rules from mint - Money https://ift.tt/2Q56fkS https://ift.tt/8RUMj97

Under the India Income-tax, the income tax is levied on any sum of money, movable property or immovable property received in excess of ₹50,000 by an individual without consideration (i.e., without a quid pro quo) or for inadequate consideration, except gifts received from a ‘relative’ or on marriage or by way of inheritance or other specified exclusions from mint - Money https://ift.tt/ShIEbcs https://ift.tt/8RUMj97

Considering the young age and assuming a long investment horizon, building a portfolio in equity mutual funds is suggested, as they have the potential to provide superior returns over a longer period from mint - Money https://ift.tt/WjpeklR https://ift.tt/8RUMj97

Planning investment early for your child can provide you with enough time to save money at your own pace and diversify your investment portfolio with more asset allocation towards equity for better returns from mint - Money https://ift.tt/zrImD5h https://ift.tt/8RUMj97

‘We learn and evolve every three to five years, as we revisit the past and re-evaluate our decisions’ from mint - Money https://ift.tt/FHO2D6m https://ift.tt/8RUMj97

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/hB4P7Us https://ift.tt/8RUMj97

Being data centric and steadfast to investing principles are key to success from mint - Money https://ift.tt/4vOsxAC https://ift.tt/3qveky0

An open-ended equity fund dubbed Franklin India Prima Fund primarily invests in mid-cap firms. from mint - Money https://ift.tt/8t0fduw https://ift.tt/3qveky0

The interest rate on fixed deposits under ₹2 crore has been revised thanks to DBS Bank. from mint - Money https://ift.tt/sr8XQC7 https://ift.tt/3qveky0

9% interest on fixed deposits (FDs) for senior citizens: According to the bank's website, the deposit interest rate stands revised from 21st November from mint - Money https://ift.tt/Of6U9Xk https://ift.tt/3qveky0

How pensioners can get their pension slip instantly via SBI WhatsApp service from mint - Money https://ift.tt/hl2ZoMa https://ift.tt/3qveky0

If you have ₹5 lakh to invest, there are multiple avenues from mint - Money https://ift.tt/idwIEN1 https://ift.tt/3qveky0

Though monitoring social media isn’t going to be a very easy task, Sebi is trying to find a solution from mint - Money https://ift.tt/5mXLcGB https://ift.tt/3qveky0

Opening a savings account is the first thing you should do while beginning your financial journey since it provides adequate liquidity, deposit safety, and suitable interest rates. from mint - Money https://ift.tt/casm374 https://ift.tt/sfMNJ2L

PPF calculator: Public Provident Fund rules allow investors to invest beyond 15-year maturity period from mint - Money https://ift.tt/DwKhyS3 https://ift.tt/sfMNJ2L

The rates are increased by 20 basis points to a maximum of up to 1.45% on various currencies under FCNR. These interest rates have come into effect from November 16 and will continue till December 15th. from mint - Money https://ift.tt/lRyCDZ4 https://ift.tt/sfMNJ2L

InsuranceDekho has 330+ products from 45 insurers live on its platform. The partnership with LIC would enable InsuranceDekho to provide the entire gamut of insurance solutions to its customers throughout the country from mint - Money https://ift.tt/UEvT61z https://ift.tt/SLVIMZ4

PR Sundar, Chennai-based social media finfluencer, says that retail investors should not believe stories of people making it big solely through trading income from mint - Money https://ift.tt/vQ0GkMF https://ift.tt/SLVIMZ4

Traders with low capital should not venture into options trading, whether buying or selling, experts said from mint - Money https://ift.tt/XKNcHjo https://ift.tt/SLVIMZ4

Here’s the list of INR to USD forex rates offered by some of the major banks and travel aggregatprs. from mint - Money https://ift.tt/iOGQIVY https://ift.tt/SLVIMZ4

Only when the fundamental decisive aspects change, you need to do a serious review from mint - Money https://ift.tt/DYgLoly https://ift.tt/SLVIMZ4

If you transact digitally on a regular basis, it is strongly recommended that you opt for a personal cyber insurance policy from mint - Money https://ift.tt/4VEm0r1 https://ift.tt/SLVIMZ4

From zeroing in on the locality to shifting to their new home, here’s their interesting journey from mint - Money https://ift.tt/XLexYRZ https://ift.tt/SHnwrgt

Traditional debt funds can significantly lower risk and add stability to your portfolio from mint - Money https://ift.tt/7LyQJNW https://ift.tt/SHnwrgt

Getting a side job to earn some money can have a surprising impact on taxes and Social Security benefits from mint - Money https://ift.tt/FiUmpeG https://ift.tt/SHnwrgt

UCO Bank, one of the leading public sector lenders, raised the interest rate on fixed deposits under ₹2 crore. from mint - Money https://ift.tt/he8qO49 https://ift.tt/SHnwrgt

Axis Small Cap Fund is an open-ended equity scheme that primarily invests in small cap stocks. from mint - Money https://ift.tt/AyFSBxP https://ift.tt/SHnwrgt

The Smart Wealth Advantage Guarantee Plan is a holistic product that endeavours to ensure customers meet their life goals and remain protected in the long-run from financial uncertainties. from mint - Money https://ift.tt/BfslNut https://ift.tt/nFkuBTl

Net saving on the cost of EV cars is possible only when the car is driven regularly from mint - Money https://ift.tt/D0tTzsf https://ift.tt/nFkuBTl

Under the Indian Contract Act, 1872, the liability of the guarantor is co-extensive with that of the principal debtor unless it is otherwise provided by the contract from mint - Money https://ift.tt/C0QsuZA https://ift.tt/nFkuBTl

Travellers now actively seek covers that promise to secure their trip, their lives and of their loved ones, and other tangible assets, right at the time of making the booking. So, a travel insurance cover that often came as an after-thought to many a few years back –has now become an integral part of booking for both, domestic and international travellers from mint - Money https://ift.tt/nEmCtiu https://ift.tt/nFkuBTl

Under the partnership, Navi will originate and process the personal loans based on mutually aligned credit parameters and eligibility criteria. Piramal Finance will fund 80% of the loan generated by the co-lending arrangement while the remaining 20% will be funded by Navi Finserv from mint - Money https://ift.tt/FcjGWlV https://ift.tt/nFkuBTl

There are no specific provisions in the Income-tax Act, 1961, governing the taxation of withdrawal from NPS Tier II account from mint - Money https://ift.tt/FfIsGrt https://ift.tt/Bkj3qPs

BoB hiked rates on bulk saving deposits, along with fixed deposits below ₹2 crore for both senior citizens and the general category. Also, BoB's Tiranga deposit and tax saving schemes have witnessed a revision in interest rates. from mint - Money https://ift.tt/AufoTMY https://ift.tt/Bkj3qPs

A savings mix of stocks and bonds has helped offset losses in previous years—but not this one from mint - Money https://ift.tt/TDC0PaY https://ift.tt/Bkj3qPs

ICICI Pru Sukh Samruddhi not only offers customers a guaranteed maturity benefit, the annual bonuses, as and when declared, can go a long way in further beefing up their accumulated corpus from mint - Money https://ift.tt/ps9ydzZ https://ift.tt/Bkj3qPs

While ESG frameworks help businesses shape their sustainability decisions and transparently report progress, they also represent a commitment to making a company more socially responsible from mint - Money https://ift.tt/rplkeho https://ift.tt/Bkj3qPs

Real estate investment: Homebuying patterns have evolved amongst the youths of today. Access to information enabled by technology is helping them take decisions in a more informed manner from mint - Money https://ift.tt/VJdX813 https://ift.tt/Bkj3qPs

Mutual funds are generally categorized into 2 categories i.e. open ended and close ended funds. from mint - Money https://ift.tt/GX9SoV2 https://ift.tt/TjFwbxD

You can obtain valuation of each of the three units and allocate both these items in the ratio of respective valuation of these units. The basis of allocation adopted should be logical and consistent year after year from mint - Money https://ift.tt/sATVo74 https://ift.tt/TjFwbxD

The threshold of ₹50,000/- in aggregate applies to gifts received by an individual or an HUF during one financial year and where the aggregate of the gifts received during the year exceeds this threshold of ₹50,000/- whole of the amount becomes taxable in the hands of the recipient from mint - Money https://ift.tt/Li1e7w5 https://ift.tt/TjFwbxD

In November 2021, Union minister of State (PP) Dr Jitendra Singh launched the Face Authentication Technique of submitting Life Certificate through any Android Mobile Phone from mint - Money https://ift.tt/rthioDQ https://ift.tt/TjFwbxD

Sundaram Finance Ltd, a non-banking finance firm with headquarters in Chennai, raised its deposit interest rates commencing on November 16, 2022. from mint - Money https://ift.tt/fmky9oN https://ift.tt/TjFwbxD

UCO Bank, one of the leading public sector lenders, raised the interest rate on fixed deposits under ₹2 crore. from mint - Money https://ift.tt/EV5OfDM https://ift.tt/TjFwbxD

Axis Small Cap Fund is an open-ended equity scheme that primarily invests in small cap stocks. from mint - Money https://ift.tt/uhvNzVD https://ift.tt/U36cfSb

Smallcase managers are finding ideas in microcaps, insider trading of promoters and return to normalcy after Covid-19. from mint - Money https://ift.tt/fkQd67N https://ift.tt/U36cfSb

Common ITR form: CBDT has proposed to subsume all ITR forms except Form-7 from mint - Money https://ift.tt/9B6pmuJ https://ift.tt/U36cfSb

A citizen of India who stays abroad will end up paying income tax in both the countries unless they apply for an exemption. Read further to know how the NRIs can avoid paying double tax from mint - Money https://ift.tt/mMN2ITk https://ift.tt/U36cfSb

For income tax purposes it is the beneficial owner who is treated as the real owner and not the one who is joined for the sake of convenience from mint - Money https://ift.tt/NasLUjC https://ift.tt/U36cfSb

NPS calculator: For 10% annual return in long term, NPS account holders are advised to keep debt-equity exposure in 50:50 or 40:60 ratio, say experts from mint - Money https://ift.tt/2IW5DhA https://ift.tt/U36cfSb

NPS is the safest investment option for the investors looking for low-risk and schematic investment methods. from mint - Money https://ift.tt/TsEv0le https://ift.tt/huQtx75

In this month’s Ask Encore: Let’s say you want to save your principal—or much of it—for your children. Here’s what the numbers look like. from mint - Money https://ift.tt/Cu1jBev https://ift.tt/huQtx75

Here’s the list of INR to USD forex rates offered by some of the major banks and travel aggregatprs. from mint - Money https://ift.tt/nOosV0d https://ift.tt/huQtx75

An effective way to play upswing in a sector or a theme is via funds tracking segments from mint - Money https://ift.tt/FA3sP94 https://ift.tt/huQtx75

Cash-only deals are on the rise as buyers look for creative ways to circumvent 20-year-high interest rates from mint - Money https://ift.tt/ZsoVNO7 https://ift.tt/0CU6Wtq

The private sector lender Karur Vysya Bank has revised interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/r9WR5xm https://ift.tt/0CU6Wtq

The Safe Lock Gold Loan facility has been introduced to ensure that customers receive the benefit of affordable and convenient choice to secure their physical gold while obtaining a minimum loan amount. The annual charges for utilising this facility is ₹300, making it a cost-effective from mint - Money https://ift.tt/QWoRrTY https://ift.tt/0CU6Wtq

Update phone and computer’s system security and be vigilant when you transact online from mint - Money https://ift.tt/vtrfmR8 https://ift.tt/0CU6Wtq

While there are thumb rules for the personal or family emergency funds (generally an equivalent of six months of one’s salary), there aren’t one for business emergency funds. So, you would need to decide on the amount required for that and set it aside from mint - Money https://ift.tt/HsaCVpm https://ift.tt/0CU6Wtq

The National Pension Scheme (NPS) is one of the best and most popular voluntary retirement programmes in India. from mint - Money https://ift.tt/DHkpOQ1 https://ift.tt/EIrdwbY

The interest rates on savings accounts are revised by Equitas Small Finance Bank (SFB). from mint - Money https://ift.tt/PlcpBgO https://ift.tt/EIrdwbY

The leading private sector lender HDFC Bank has hiked interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/lYUBHZr https://ift.tt/EIrdwbY

Bank of Maharashtra (BoM), a public sector lender, has revised its interest rates on retail fixed deposits under ₹2 crore. from mint - Money https://ift.tt/1RNDcKv https://ift.tt/EIrdwbY

Before investing in any form of gold, the investor should know about the tax liabilities related to it from mint - Money https://ift.tt/Cac78jA https://ift.tt/EIrdwbY

Different markets do well at different times, but diversification can help. from mint - Money https://ift.tt/rGYjIc0 https://ift.tt/EIrdwbY

Although there is no legal requirement to register a will or a codicil, for the sake of consistency in approach and to avoid any potential challenges, you may voluntarily register such new will or codicil, since you have already registered the earlier will from mint - Money https://ift.tt/OgqtWhi https://ift.tt/EIrdwbY

If transacting party is from India, it does not imply a business connection in India from mint - Money https://ift.tt/swK0ugR https://ift.tt/EIrdwbY

The person you turn to for investing advice may have some skeletons in the closet. Finding out about client disputes can be harder than you may think from mint - Money https://ift.tt/B0c7HpL https://ift.tt/UaTX396

Let's take a look at the FD interest rate offered by banks, small finance banks to senior citizens from mint - Money https://ift.tt/X5I8m0S https://ift.tt/UaTX396

Digital rupee will be an excellent opportunity for India since it will potentially increase the ease of doing business from mint - Money https://ift.tt/NOy2VpP https://ift.tt/UaTX396

The new form is expected to improve data reconciliation and increase compliance from mint - Money https://ift.tt/Qqa01xF https://ift.tt/UaTX396

Canara Bank's 1-year MCLR is at 8.10%, while repo linked lending rate (RLLR) is at 8.80% now. That being said, EMIs have gone up on term loans. from mint - Money https://ift.tt/VBUaujJ https://ift.tt/UaTX396