Posts

Showing posts from December, 2022

The best & worst performed large cap and mid cap mutual funds of 2022

In order to make a better investment choice at the start of the new year in 2023, long-term equity investors who wish to begin their investments in 2023 might look into the 2022 performance of well-known equity funds, such as large cap and mid cap funds. from mint - Money https://ift.tt/f34VJbd https://ift.tt/86yxhJ3

These ten 5-star rated equity mutual funds give up to 30% return in 2022

ICICI Pru Infrastructure Direct Fund is top performing equity mutual fund in last one year as it has delivered over 32 per cent return to SIP investors from mint - Money https://ift.tt/1gwp7uQ https://ift.tt/86yxhJ3

Mutual funds, NPS to PPF — top 5 tax saving investment tools to save money

PPF, ELSS mutual funds, Post office term deposits, etc are some of the investment tools that allows income tax exemption to an earning individual from mint - Money https://ift.tt/kuNcwa5 https://ift.tt/86yxhJ3

What should be your savings plan for the new year 2023 apart from 50/30/20 rule?

A basic savings strategy adheres to the 50/30/20 Rule of Budgeting. If you are new to the realm of finance, let me introduce you to the 50/30/20 Rule, which states that out of your total in hand income after tax, 50% should be spent on needs, 30% toward wants, and 20% should go towards savings. from mint - Money https://ift.tt/l3ux5UF https://ift.tt/127TgRa

What can be the best New Year resolutions for students in 2023?

The beginning of a new year brings a number of fresh goals, innovative accomplishments, and even unique inspirations into your life. from mint - Money https://ift.tt/vL51uM7 https://ift.tt/127TgRa

Tata AIA Life introduces Emerging Opportunities Fund with Ulips

This Fund aims to invest in a portfolio of stocks in the mid-cap space and emerging leaders in the new age sectors. These new age companies are present across market caps. Most of them are leaders in the industries that they operate and provide a long runway for growth from mint - Money https://ift.tt/9VH8Ekr https://ift.tt/127TgRa

EPFO issues guidelines on higher pension after Supreme Court ruling. How to apply

EPFO has made it clear that fund authorities shall implement the Supreme Court ruling within a period of eight weeks from mint - Money https://ift.tt/bLwtXis https://ift.tt/127TgRa

Stocks vs gold vs Mutual funds vs real estate: Best place to invest your money in 2023

Stocks vs gold vs Mutual funds vs real estate: Experts share tips for investors to park in their money in 2023 from mint - Money https://ift.tt/qMYUv29 https://ift.tt/127TgRa

Don’t just spend your time—invest it

Time, like money, can be allocated to build wealth, meaning and happiness in the years to come from mint - Money https://ift.tt/PO2x8p5 https://ift.tt/127TgRa

Why this Mumbai-based RIA prefers to go with referrals

In a world where growth at all cost is the motto of most firms, Vivek Rege’s practice is somewhat counter-intuitive from mint - Money https://ift.tt/dO5xDYp https://ift.tt/CKA8das

2023: SIP or lumpsum? Best mutual fund investment option in New Year

MF investment in SIP or lumpsum for 2023: You should undertake any investment only after a thorough examination of your life goals from mint - Money https://ift.tt/g2aWcMI https://ift.tt/CKA8das

Know all about neobanks before opening an account

Neobanks are financial technology (FinTech) companies that operate online without physical branch networks from mint - Money https://ift.tt/9qQBKPm https://ift.tt/CKA8das

How NRIs visiting India can minimize their expenses

The holiday season is here from mint - Money https://ift.tt/uFOltn9 https://ift.tt/CKA8das

Kotak Bank revises recurring deposit rates. Check new interest rates here

The tenures under RD vary from 6 months to 10 years. For senior citizens, the interest rates on RD vary from 6.25% to 7.50%, while for general category depositors the rates range from 5.75% to 7%. from mint - Money https://ift.tt/xvHFYLT https://ift.tt/xGqHvAj

Kotak Mahindra Bank revises rates on FDs, new rates are effective from today

One of the leading private sector lenders Kotak Mahindra Bank has revised its interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/0tgHj5u https://ift.tt/xGqHvAj

Missed filing ITR? Deadline to file belated income tax return to end on December 31

An individual who has missed the last date to file an original income tax return can file a belated ITR from mint - Money https://ift.tt/v8kwuyZ https://ift.tt/xGqHvAj

10 years of RIAs: Kalpesh Ashar’s journey as a financial planner

Kalpesh Ashar, founder, Full Circle Financial Planners and Advisors, is among the first lot of Registered Investment Advisers (RIAs) who registered with the market regulator Securities and Exchange Board of India (Sebi) soon after it introduced the RIA rules in January 2013 from mint - Money https://ift.tt/qvE5WcJ https://ift.tt/xGqHvAj

How can a non-resident Indian get to inherit property in India?

The property to be passed by inheritance in India will be governed as per the personal law of the deceased. from mint - Money https://ift.tt/RKSUq0P https://ift.tt/xGqHvAj

How are child YouTubers taxed on their income and who pays their taxes?

The income earned from creating videos would be considered an application of certain skills and talent. Therefore, such income earned by a minor YouTuber shall be taxed in the hands of the minor YouTuber under the head PGBP and clubbing provisions shall not get attracted. from mint - Money https://ift.tt/bZkS6EB https://ift.tt/xGqHvAj

How to save income tax under various sections in FY 22-23?

The start of the new fiscal year (FY) 2022–23 (i.e., April 1, 2022–March 31, 2023) is finally drawing near, and income taxpayers should begin making plans to save tax before there is a rush for last-minute tax burden relief. from mint - Money https://ift.tt/ClpD8H6 https://ift.tt/xGqHvAj

Here’s what a $1 million retirement looks like in America

Four retirees open up about their financial lives and how they spend their time from mint - Money https://ift.tt/5nOBUpj https://ift.tt/xGqHvAj

What is the effective way to increase health insurance coverage?

Top up your existing base health policy with a new super top-up policy where you can choose to have a deductible of your original sum insured in your previous policy from mint - Money https://ift.tt/Gx2kC6I https://ift.tt/szGkCpn

Bank of Baroda special FD scheme offering 7.5% interest rate will end this week

Bank of Baroda special FD scheme now offers depositors an interest rate of up to 7.50% p.a., which includes 0.50% p.a. for senior citizens and 0.25% for non-callable deposits from mint - Money https://ift.tt/BRZNCx0 https://ift.tt/szGkCpn

33 years and going strong: Why this association matters for investors

Tamilnadu Investors’ Association was formed in 1989 by an ex-banker, late K.Kannan, along with three others from mint - Money https://ift.tt/WA0t5BX https://ift.tt/szGkCpn

The rules for buying immovable property abroad

The Foreign Exchange Management (Overseas Investment, or OI) Rules, notified by the Reserve Bank of India (RBI) on 22 August 2022, supersedes the erstwhile provisions governing acquisition of immovable property overseas by a resident individual from mint - Money https://ift.tt/hOFjsTS https://ift.tt/szGkCpn

LIC Housing Finance hikes public deposit rates, earn as high as 7.5%

The public deposits are to the tune of ₹20 crore and above. Depositors can earn as high as 7.50% on their investments. The tenures for public deposits vary from 18 months to 5 years. from mint - Money https://ift.tt/GjvdN76 https://ift.tt/szGkCpn

How NRIs can tackle property management challenges

Maintaining a property from another part of the world can be a mammoth task. from mint - Money https://ift.tt/3YUofSe https://ift.tt/dILbXuk

Can your return beat the 7% interest rate offered by HDFC, ICICI and Axis Bank?

With the leading private sector lender HDFC Bank offering as high as 7% per annum on many of its deposits, the bar has been set high for other smaller banks from mint - Money https://ift.tt/bX9BlxE https://ift.tt/dILbXuk

Why Prashant Khemka is excited about returning to mutual funds

The founder of WhiteOak Capital Group narrates his financial journey and explains why he is bullish on MFs from mint - Money https://ift.tt/zGE8ad3 https://ift.tt/dILbXuk

Dividend paying stocks to FDs: Best fixed income investments for senior citizens

To achieve your retirement goals, you must have the required funds, therefore for senior citizens financial professionals advise beginning investments as soon as possible during their employment years. from mint - Money https://ift.tt/dIfTJgP https://ift.tt/dILbXuk

Old vs new tax regime: How taxpayers can choose a suitable one for FY 2022-23?

Both the new income tax regime and the old tax slab offer benefits and drawbacks, but which one you select will rely on your financial status and annual income, as per the tax experts. from mint - Money https://ift.tt/tcls379 https://ift.tt/dILbXuk

Six ways to protect your money in 2023

Ready for the possibility of more economic chaos in the New Year? Here are some simple steps you can take now from mint - Money https://ift.tt/5jAfk7r https://ift.tt/dILbXuk

International education loans: Things every student should know

International education is now more accessible to Indian students than ever. Students today look forward to the opportunity of higher education from a prestigious college abroad coupled with the wide array of experience and exposure that comes along with it. from mint - Money https://ift.tt/tFWN7OG https://ift.tt/jW5tp2Z

Which debt investment should you go for against adverse equity market?

When the equity market loses its lustre, debt investments have historically been among the healthiest. from mint - Money https://ift.tt/JKFSO0k https://ift.tt/jW5tp2Z

Which mutual fund is suitable for fresh investors in falling stock market

Hybrid mutual funds funds try to time the market using parameters like valuation, momentum etc from mint - Money https://ift.tt/JbVrhuH https://ift.tt/jW5tp2Z

Home loan rates are on the rise. What are the strategies to lower EMI burden?

On December 7, 2022, the Reserve Bank of India (RBI) increased the repo rate by 35 basis points. Since May, the repo rate has increased five times in a row, bringing the total hike to 225 bps. from mint - Money https://ift.tt/CbN2uqE https://ift.tt/wlScpyt

Stocks vs property investments abroad? Limits and taxation rules explained

Financial experts usually recommend diversifying across several asset classes and geographical locations when building your portfolio, determining your risk tolerance, and selecting the most suitable mix of assets for your investment objectives. from mint - Money https://ift.tt/ADN1cUx https://ift.tt/wlScpyt

'Pune's role as a startup hub will only get bigger in coming years'

Pune-based Namita Thapar, executive director of Emcure Pharmaceuticals, shares why she expects startups to become a bigger part of her investment portfolio. from mint - Money https://ift.tt/dHV8eWi https://ift.tt/wlScpyt

10 years of RIAs: Sadagopan’s journey as financial planner

In an interview with Mint, Sadagopan, a registered investment adviser (RIA), talks about his shift from an advisory and distribution business to a fee-only advisory model, and how the industry landscape and investor awareness has evolved over time from mint - Money https://ift.tt/OfJZFWj https://ift.tt/wlScpyt

Can I prepay my education loan by breaking the collateral FD?

Since the FDs have been used as collateral for the education loan, you may not be able to break these FDs, even if your intent is to prepay the loan with these deposits. from mint - Money https://ift.tt/rbaxi0d https://ift.tt/wlScpyt

Bajaj Finance hikes FD rate by up to 25 bps; senior citizens can earn up to 7.95%

Earlier this month, the RBI raised the key repo rate by 35 basis points (bps) to 6.25%, as widely expected, in its fifth straight increase, and vowed there will be no let up in its fight to tame high inflation. from mint - Money https://ift.tt/pVAiyJk https://ift.tt/JzanG2V

‘With funding drying up for startups, sharks got better deals this season’

Vineeta Singh, founder-CEO, SUGAR Cosmetics, says outside of Shark Tank, funding environment for startups will remain bleak for some more time. from mint - Money https://ift.tt/6jBrdhG https://ift.tt/JzanG2V

More than a fifth of Indian investors believe in digital assets despite market turbulence

Indian investors cited inflation, an uncertain global economy, and the threat of recession as their top concerns. from mint - Money https://ift.tt/cFWHvU8 https://ift.tt/JzanG2V

No, Portugal’s Golden Visa programme is not going away anytime soon

On 2 November, Portugal’s prime minister Antonio Costa conceded to journalists that the government was doing a re-think on various immigration programmes from mint - Money https://ift.tt/Ddm0QPe https://ift.tt/JzanG2V

I have nine funds in my equity portfolio. Am I over-diversified?

Given your long-term horizon of 15+ years, your aggressive portfolio that is all equity is understandable. However, for reducing volatility and ensuring downside protection, you can introduce a debt component to the portfolio. from mint - Money https://ift.tt/rsfSZvw https://ift.tt/JzanG2V

Prabhudas Lilladher increases allocation to gold for its multi-asset portfolio

Amid rising market valuations and volatility, Prabhudas Lilladher increased gold allocation for its Multi-Asset Dynamic Portfolio by 3%. It reduced the large and midcaps equity allocation by 5% from mint - Money https://ift.tt/eJ8NdvE https://ift.tt/oiTnYUN

Bajaj Capital launches portfolio analysis report Edge for Indian investors

The report allows investors to upload their CAS and get a detailed view of their investment across mutual fund, National Pension System, bond, fixed deposits from mint - Money https://ift.tt/jbfBg5H https://ift.tt/oiTnYUN

From toothbrush to sanitary pads, a search for sustainability

Peyush Bansal, Lenskart founder and Shark Tank India judge, was intrigued by sustainability, food and tech-focused startups on Season 2. from mint - Money https://ift.tt/Ij01zvS https://ift.tt/oiTnYUN

Can your return beat the 7% interest rate offered by HDFC, ICICI and Axis Bank?

With the leading private sector lender HDFC Bank offering as high as 7% per annum on many of its deposits, the bar has been set high for other smaller banks from mint - Money https://ift.tt/1SkcLKy https://ift.tt/oiTnYUN

How NRIs can solve property management challenges

It was after a roadshow held in London in 2019 by a major Indian real estate company looking to sell properties to non-resident Indians (NRIs) that Parth Nain decided to buy a flat from mint - Money https://ift.tt/nshzS23 https://ift.tt/oiTnYUN

What is a CIBIL report and how to read it?

High CIBIL score is important for faster loan approval. Know how to get your CIBIL score and how to read your the credit information report from mint - Money https://ift.tt/smh8LuB https://ift.tt/oiTnYUN

‘Founder’s value system comes first; then startup’s potential’

Amit Jain, co-founder of CarDekho and Shark Tank India's newest judge, shares how he evaluated pitches on Shark Tank India's Season 2 and began his startup investing journey. from mint - Money https://ift.tt/AofvVid https://ift.tt/CbAmB30

Stocks vs real estate: Where should one invest in India? What experts say

Investing in real estate proves to be a much more solid and stable source of income, promising high returns on investments from mint - Money https://ift.tt/YCJxaQc https://ift.tt/CbAmB30

How to invest in a period of rising interest rates

The ‘risk’ assets have to earn more to be competitive. This changes the dynamics of investing across asset classes. from mint - Money https://ift.tt/hUNpitj https://ift.tt/CbAmB30

HDFC hikes retail prime lending rates by 35 bps from 20 Dec

Housing Development Finance Corporation Ltd (HDFC) has revised its Retail Prime Lending Rate (RPLR) on housing loans. from mint - Money https://ift.tt/p9wayNe https://ift.tt/CbAmB30

Axis Bank hikes lending rates by 30 bps across tenures. Check new interest rates

As per the notice, 1-year MCLR is now 8.75% from the previous 8.45%, while 2-years and 3-years MCLR is now 8.85% and 8.90% compared to the earlier rates of 8.55% and 8.60% respectively. from mint - Money https://ift.tt/xH82wRj https://ift.tt/CbAmB30

Why NPS subscribers should not worry about negative returns?

The National Pension System guarantees high returns on investment. However, there are high chances of market fluctuation where the subscribers of NPS become nervous and have second thoughts. from mint - Money https://ift.tt/92DWEU3 https://ift.tt/uNMgjGv

Asset allocation for short and long-term goals

Asset allocation plays a crucial role in creating an optimal investment portfolio that ensures the right kind and amount of risk for you while attaining your financial goals from mint - Money https://ift.tt/wOX6Wtd https://ift.tt/uNMgjGv

Where the Indian market is headed in 2023 amid geopolitical shocks

Money managers share their outlook on stock markets, US Fed’s rate hikes, recession risks and advice for investors from mint - Money https://ift.tt/L80OoPA https://ift.tt/uNMgjGv

How can salaried employees make the most of tax allowances?

To accomplish optimal tax planning optimizations, the cash budget must commence at the beginning of a new fiscal year. To lessen the tax burden on salaried persons, the government provides a variety of income tax breaks in the form of allowances, deductions, and exemptions. from mint - Money https://ift.tt/ZWXUzN0 https://ift.tt/uNMgjGv

These are the myths surrounding CIBIL score

CIBIL score is the direct reflection of a person's credit history. A higher CIBIL score can improve the chances of faster loan approval. Know about the common myths surrounding CIBIL score from mint - Money https://ift.tt/i1O82Cy https://ift.tt/uNMgjGv

SIPs, ETFs, physical or bonds? Pros and cons of different ways to buy gold

Currently, there are five different options in which you can invest in gold. Those are gold ETFs, gold mutual funds, sovereign gold bonds, digital gold, and physical gold. from mint - Money https://ift.tt/yYbGgW4 https://ift.tt/uNMgjGv

From flow of 'rokda' in a company to having 'sparring' partner, Harini Dedhia shares investment tips

An avid reader of history and non-fiction books, Harini Dedhia is a portfolio manager at Tamohara Investment Managers in Mumbai from mint - Money https://ift.tt/Ayd0cO7 https://ift.tt/93QUBbq

5 investment strategies for HNIs in turbulent times

During tumultuous times, one should always root for basics. Excessive noise should be swept away, and only the nuts and bolts of the matter should be examined. from mint - Money https://ift.tt/boJMlTw https://ift.tt/q6rPKWc

65% of men take investment decisions independently: Study

A vast majority (nearly 70% of both male and female respondents) said they advise/ or would advise their son and daughter differently about investing. In fact, 41% of parents said their own investment strategy will differ depending on their child’s gender from mint - Money https://ift.tt/m7EMcWb https://ift.tt/q6rPKWc

Gold: What is the favoured investment category among Indians?

There are many options to invest in gold either in physical or digital forms from mint - Money https://ift.tt/1X93uAU https://ift.tt/q6rPKWc

Applying for loan? Here's how to check your CIBIL score online

CIBIL score is calculated on the basis of at least 6 months of historical financial data of an individual. from mint - Money https://ift.tt/dtRKrSj https://ift.tt/q6rPKWc

Can I claim accidental insurance after the specified timeframe?

The principal objective of the claim intimation clause is to ascertain if a policy exclusion such as the person being ‘under the influence of alcohol’, is applicable. Also, any kind of foul play can be ascertained via quick investigation. from mint - Money https://ift.tt/vR9bs6T https://ift.tt/Vbx2n4C

Be loan ready : 10 ways to maintain a healthy CIBIL score

CIBIL score plays an important role in borrowing or taking loans. That's why it is important to maintain a good CIBIL score. Know ways to maintain a healthy CIBIL score from mint - Money https://ift.tt/iNuXq3s https://ift.tt/Vbx2n4C

This bank offers up to 8.80% interest rates to senior citizens on FDs

Customers of Jana SFB will now get an interest rate as high as 7.85% on deposits for a tenure of two to three years, while senior citizens will get 8.80% on a same-period tenure from mint - Money https://ift.tt/bE0rUjJ https://ift.tt/Vbx2n4C

Know the rules for premature withdrawal of fixed deposits

One must first check the interest rates offered on FDs for different tenures. Then, find out if the rates are compounded quarterly or monthly. FDs with monthly interest compounding provide higher returns. Assess the credibility of the financial institution before opening an FD account from mint - Money https://ift.tt/OtT0GE3 https://ift.tt/Vbx2n4C

Digital Rupee vs UPI: 7 key differences between RBI's e-rupee and UPI explained

Digital Rupee vs UPI: The pilot phase of RBI's e-rupee went live on 1 December 2022, covering four cities from mint - Money https://ift.tt/20Q1tF9 https://ift.tt/Vbx2n4C

SBI home loan interest rates rise from today, but there's a catch. Details here

Home loan interest rates have also witnessed a rise from Thursday onward, however, the bank is giving concessions on these rates in the range of 15 bps to a maximum of 30 bps. The concessions are part of its festive offer and it is for a limited period. from mint - Money https://ift.tt/7sa9kUM https://ift.tt/Vbx2n4C

How should I allocate funds to get a pension of ₹1.25 lakh monthly?

To work on the total corpus needed, factors like inflation and investment allocation across debt, hybrid and equity funds are important. from mint - Money https://ift.tt/jqP2vyM https://ift.tt/HhriKsU

Why doesn’t health insurance pay for non-standard charges?

There is a list of around 199 items specified by the Insurance Regulatory and Development Authority of India (Irdai) that the health insurer does not pay as part of the health insurance policy. from mint - Money https://ift.tt/168qoE3 https://ift.tt/HhriKsU

 The uphill task of recovering lost property documents

In the absence of an original title deed, an individual would face multiple hurdles in making any transactions relating to the property, sell it or take a loan against the property, not to mention the various legal complications that will follow. from mint - Money https://ift.tt/KqBU2Du https://ift.tt/HhriKsU

How safe are your investments? It’s worth checking

Here is what happens to your money if your bank, brokerage or crypto exchange goes bust from mint - Money https://ift.tt/Zn96w4g https://ift.tt/HhriKsU

After SBI, HDFC Bank now hikes fixed deposit rates. Check latest FD rates here

HDFC Bank hikes FD rates: The new HDFC Bank fixed deposit (FD) interest rates are effective from today, 14 December 2022 from mint - Money https://ift.tt/4eN19qA https://ift.tt/HhriKsU

SBI fixed deposit (FD) rate jumps to 7.25% for senior citizens

After the revision of FD rates from 13 December, the interest rate for senior citizens has jumped to 7.25% from mint - Money https://ift.tt/sRP3xCl https://ift.tt/HhriKsU

What makes Gurgaon a promising real estate investment destination

Gurgaon: The development of robust infrastructures in and around the city has made it one of the fastest-developing real estate regions from mint - Money https://ift.tt/psy2ga0 https://ift.tt/HhriKsU

Can I get a house redevelopment pact executed in my absence?

The power of attorney could contain only limited powers permitting your daughter to execute the development agreement and / or any documents executed pursuant to the same and register the development agreement and / or any documents executed pursuant to the same. from mint - Money https://ift.tt/0RQUu9H https://ift.tt/HhriKsU

How do Mumbaikars budget for higher house rentals?

As a general rule, financial planners suggest that rental expenses should not be more than 20-25% of one’s income from mint - Money https://ift.tt/lDSX1gu https://ift.tt/HhriKsU

SBI vs IOB vs Kotak vs Yes Bank: Check latest FD rates post repo rate hike

Major banks, including the largest lender State Bank of India (SBI), have announced interest rate hikes on retail term deposits of less than ₹2 Cr. from mint - Money https://ift.tt/OI24Nel https://ift.tt/JmD6hkP

The pros and cons of setting up an AIF structure over a private trust

A lot of wealthy investors who are seeking to have their own family office, are increasingly considering to set-up their own alternative investment fund from mint - Money https://ift.tt/VemuLw8 https://ift.tt/JmD6hkP

SBI hikes fixed deposit rates. Check latest FD rates here

SBI hikes FD rates: The new SBI fixed deposit (FD) interest rates are effective from today, 13 December 2022 from mint - Money https://ift.tt/wJP5xB1 https://ift.tt/JmD6hkP

Inflation down to 11-month low. Now, the other part and what about your EMIs

The RBI has raised interest rates by 225 basis points in the current monetary tightening cycle, including a 35-basis-point hike last week from mint - Money https://ift.tt/lb38BHc https://ift.tt/JmD6hkP

Is the rise of AIFs the barometer of growing income inequality in India?

The AIF space has witnessed the sharpest growth in the investment industry with 50% CAGR in the past 5 years from mint - Money https://ift.tt/9OXuQJD https://ift.tt/JmD6hkP

Year End Portray: What should be the tax and retirement planning strategies for 2023?

It could be time for retail investors to think seriously about their tax and retirement plans for the upcoming year 2023 as the end of the year gets closer from mint - Money https://ift.tt/EIZ704z https://ift.tt/JmD6hkP

98% customers want to buy landlord insurance from rental listing provider: Survey

Despite their desire for embedded protection offerings, 67% of homeowners, landlords and renters across the globe and 61 % of them in India were not offered insurance during their application process. from mint - Money https://ift.tt/LAixU6P https://ift.tt/JmD6hkP

98% customers want to buy landlord insurance from rental listing provider: Survey

Despite their desire for embedded protection offerings, 67% of homeowners, landlords and renters across the globe and 61 % of them in India were not offered insurance during their application process. from mint - Money https://ift.tt/LAixU6P https://ift.tt/JmD6hkP

Bajaj Allianz Life Insurance in strategic partnership with Tamilnad Mercantile Bank

As part of the partnership, new and existing customers of the bank can choose from Bajaj Allianz Life’s retail products including term, savings, retirement, and investment product from mint - Money https://ift.tt/JZzIk50 https://ift.tt/eLcCSU4

How is money gifted to your spouse taxed?

As per the provisions of section 64 of the Act, incomes arising directly or indirectly to the spouse receiving the gift from the assets gifted shall be clubbed in the income of the spouse who has gifted for the purpose of levy of income tax. from mint - Money https://ift.tt/GVygcwD https://ift.tt/eLcCSU4

Taxpayers’ dilemma: Conflicts between tax laws and Fema

Under the Liberalised Remittance Scheme of Fema, within the $250,000 annual limit, you can give a foreign currency loan only to a relative as defined under the Companies Act. This definition only covers immediate relatives, i.e. parents, grandparents, and siblings, children, grandchildren and their spouses. from mint - Money https://ift.tt/FkY2ZRi https://ift.tt/eLcCSU4

By how much can your EMIs go up after RBI's 35 bps rate hike?

After 50 basis points hike three times in a row, RBI softened in December policy and increased the repo rate by 35 basis points to 6.25%. Hence, so far in FY23, the repo rate has been increased by 225 basis points. from mint - Money https://ift.tt/5CvJ4OZ https://ift.tt/eLcCSU4

How are banks going to pass on the rate hike to customers

RBI repo rate hike: Since banks link their lending rates with repo rates, so any change in repo rate will affect your loan EMIs from mint - Money https://ift.tt/eK1PBJb https://ift.tt/eLcCSU4

How are banks going to pass on the rate hike to customers

RBI repo rate hike: Since banks link their lending rates with repo rates, so any change in repo rate will affect your loan EMIs from mint - Money https://ift.tt/eK1PBJb https://ift.tt/eLcCSU4

Mumbai-based bank revises bulk FD rates, senior citizens get additional rate of 0.5%

The interest rates on FDs without a premature withdrawal facility are higher compared to the rates offered with a premature withdrawal option. The interest rates vary from 5.45% to 7.55% on deposits from ₹2 crore and above. from mint - Money https://ift.tt/zkgDZHu https://ift.tt/mlhIi2M

Why prepayment of home loans is better in early years of tenure than later. Explained

Home loan prepayments simply mean you pay a certain portion of your loan amount earlier than the planned repayment period. Generally, a borrower tends to pre-pay their loan amount upon having surplus funds. from mint - Money https://ift.tt/QMBu8UJ https://ift.tt/mlhIi2M

What is the legal procedure to transfer shares from my brother’s HUF account?

An HUF can be wound up through its partition, which is usually done by agreement between all its coparceners. The property belonging to the HUF can be distributed / transferred to the concerned coparceners once the HUF is wound up from mint - Money https://ift.tt/c13qOTA https://ift.tt/rNLAqXz

How to determine the best asset allocation for your NPS Investments?

The NPS is an excellent investment vehicle for employees across sectors, private and government. from mint - Money https://ift.tt/rMOxkga https://ift.tt/rNLAqXz

Gold ETFs or sovereign gold bonds, what are the best ways to invest in gold?

The yellow metal is seen as a haven to hedge funds against inflationary pressure in the economy because stock markets do tend to correct heavily when consumer prices increase. from mint - Money https://ift.tt/UBaATYu https://ift.tt/rNLAqXz

Kotak Bank joins bandwagon of revising FD rates; now, senior citizens can earn up to 7%

The leading private banker now offers a maximum 6.50% rate to the general category, while senior citizens are in for a treat as they will get to earn interest rates on their FD accounts to as high as 7%. from mint - Money https://ift.tt/CBnFek3 https://ift.tt/rNLAqXz

StocX.in launches India’s first private market index

The index will track prices of more than 30 companies actively traded in the unlisted market and provide analysis and trends through data analytics. from mint - Money https://ift.tt/25INjL3 https://ift.tt/rNLAqXz

FD vs real estate investment: Which is the better retirement option for millennials

FDs provide guaranteed returns that are not affected by market fluctuations. On the other hand, real estate is a high-yielding investment that can help you amass enormous wealth from mint - Money https://ift.tt/EZFuekJ https://ift.tt/rNLAqXz

Couples who combine finances are happier. So why don’t more do it?

Joint bank accounts have risks that hold many partners back from mint - Money https://ift.tt/bi51Yxn https://ift.tt/XfH3lT2

When it comes to investments, the VIP section isn’t always better

Real estate and credit investments accessible only to certain investors have performed well, but also have some important limitations from mint - Money https://ift.tt/o1qCeLa https://ift.tt/XfH3lT2

Here are the reasons why NRIs want a piece of India’s real estate

Real estate has been one of the preferred asset classes for most non-resident Indians (NRIs), according to a recent study by CII-Anarock Consumer Sentiment Survey—H1-2022 from mint - Money https://ift.tt/mAQInDc https://ift.tt/XfH3lT2

Tax-loss harvesting comes with hidden risks

Investors crushed by the volatile markets of 2022 use tax-loss harvesting to boost returns. But the tax strategy comes with pitfalls everyone should know from mint - Money https://ift.tt/RqvdArO https://ift.tt/XfH3lT2

A fourth of NRIs in US, Canada view India as a destination to earn higher returns: survey

NRIs have diversified their investment with multiple asset classes, with around 25% of NRIs preferring to invest in mutual funds while 20% keeping their money in fixed deposits from mint - Money https://ift.tt/3ZvaufJ https://ift.tt/XfH3lT2

Indian Overseas Bank hikes MCLR by 15-35 bps, RLLR revised too; EMIs may rise

The hike in benchmark lending rates come after RBI raised the repo rate by 35 basis points in December 2022 bi-monthly monetary policy. IOB's new lending rates will come into effect from December 10. from mint - Money https://ift.tt/nxoq8Jc https://ift.tt/XfH3lT2

98% customers want to buy landlord insurance from rental listing provider: Survey

Despite their desire for embedded protection offerings, 67% of homeowners, landlords and renters across the globe and 61 % of them in India were not offered insurance during their application process. from mint - Money https://ift.tt/W2wuYH5 https://ift.tt/3mxaPsD

2 banks promising over 9% interest rates to senior citizens on fixed deposits

The Reserve Bank of India (RBI) lifted the policy repo rate by 35 basis points in the December policy, which was in line with forecasts. from mint - Money https://ift.tt/agvOkjM https://ift.tt/3mxaPsD

By how much can your EMIs go up after RBI's 35 bps rate hike?

After 50 basis points hike three times in a row, RBI softened in December policy and increased the repo rate by 35 basis points to 6.25%. Hence, so far in FY23, the repo rate has been increased by 225 basis points. from mint - Money https://ift.tt/BcT571d https://ift.tt/3mxaPsD

How are banks going to pass on the rate hike to customers

RBI repo rate hike: Since banks link their lending rates with repo rates, so any change in repo rate will affect your loan EMIs from mint - Money https://ift.tt/7V0mZhk https://ift.tt/3mxaPsD

93% of retail investors show interest in new-age financial products: Survey

The report further highlights that 50% of retail investors started investing in stocks less than 3 years ago and 38% are interested in actively investing in new IPOs from mint - Money https://ift.tt/SUq3BVF https://ift.tt/3mxaPsD

What is the legal procedure to transfer shares from my brother’s HUF account?

An HUF can be wound up through its partition, which is usually done by agreement between all its coparceners. The property belonging to the HUF can be distributed / transferred to the concerned coparceners once the HUF is wound up from mint - Money https://ift.tt/gsMpzf2 https://ift.tt/3mxaPsD

Here is how you can land a plum job at asset management firms

My area of specialization for chartered accountancy (CA) was audit and taxation but I was more interested in equity research,” said the 23-year-old from Mumbai, who did not want to be identified from mint - Money https://ift.tt/xqryo2f https://ift.tt/4d1a8tE

UPI transactions surge 650% in semi-urban, rural stores: PayNearby

UPI transactions saw a whopping 650% and 500% increase in value and volume across PayNearby retail counters, representing growing adoption of UPI beyond tier-two regions in the country. This also highlights the pivotal role UPI can play in promoting digital financial inclusion. from mint - Money https://ift.tt/ZTvsJ7h https://ift.tt/4d1a8tE

Karur Vysya Bank hikes lending rates, EMIs to go up

As per the regulatory filing, Karur Vysya Bank's 1-year MCLR will be 9.05% from December 7 compared to the current rate of 8.80%. While the six-month MCLR will be at 8.95% from the current 8.70%. from mint - Money https://ift.tt/Kn5FMC0 https://ift.tt/4d1a8tE

How will my salary arrears be taxed in India?

Effective 2020-21, dividend income earned from shares held in Indian domestic companies are taxable in the hands of shareholders from mint - Money https://ift.tt/GPD6pE8 https://ift.tt/4d1a8tE

What new norms for overseas investment imply

Indian residents can receive gifts of foreign securities from any relative staying abroad from mint - Money https://ift.tt/6mQYMEa https://ift.tt/4d1a8tE

Should you invest in Edelweiss MF’s Bharat Bond ETF–April 2033?

Edelweiss Mutual Fund (MF) has launched the fourth tranche of its very popular Bharat Bond ETF (exchange -traded fund) from mint - Money https://ift.tt/Fr05Yd7 https://ift.tt/XgsnDU1

ICICI Lombard, AU Small Finance Bank announce bancassurance tie-up

ICICI Lombard’s entire suite of products will be offered across 980+ banking touchpoints spread over 20 states and two union territories. from mint - Money https://ift.tt/PMRKkpO https://ift.tt/XgsnDU1

4 key facts that lenders will not tell you about your next education loan

One of the most crucial financial tasks that one should never ignore is saving for your child's future as soon as conceivable. from mint - Money https://ift.tt/XOGveWt https://ift.tt/XgsnDU1

How to encash your discontinued National Savings Certificates (IX Issue)?

After the decision was authorised and made public on December 1, 2015, the Department of Posts (DoP), which is under the direction of the Ministry of Communications, discontinued issuing National Savings Certificates (IX Issue) on December 20, 2015. from mint - Money https://ift.tt/lEh7HFj https://ift.tt/XgsnDU1

FCNR deposits are an attractive option for NRIs

FCNR deposits earn higher interest for NRIs. The interest is tax-free in India from mint - Money https://ift.tt/CBF4xiq https://ift.tt/XgsnDU1

Meet the manager whose small-cap fund gave 40% CAGR returns in 3 yrs

Mint caught up with Shridatta Bhandwaldar, who oversees more than ₹50,000 crore of equity assets as head-equity at Canara Robeco Mutual Fund (MF), for his views on what the Fed move means for the equity markets. from mint - Money https://ift.tt/qKAmNer https://ift.tt/XgsnDU1

SBI's festive offer on home loans to end soon, rates as low as 8.40%

Under this offer, SBI is giving concessions ranging from 15 basis points to 30 basis points. The home loan interest rates are as low as 8.40%. The bank has also waived processing fees for regular home loans and top-up loans. from mint - Money https://ift.tt/WvPb0Ko https://ift.tt/NAMTgqL

Options courses by social media influencers abound: Attend or skip?

Don’t let screenshots of big profits – not necessarily genuine – or pictures of influencers’ luxury purchases be your reasons to join their courses from mint - Money https://ift.tt/EhqAkc5 https://ift.tt/NAMTgqL

How to calculate tax liability under the new tax regime for FY23?

Taxpayers may be puzzled about whether to choose the new tax regime or the old tax regime when calculating their tax liability for FY 2022–2023. from mint - Money https://ift.tt/XDbhK80 https://ift.tt/CcHEUMT

Will FD rates go up further on the back of RBI’s upcoming MPC meeting?

The Reserve Bank of India has been raising interest rates rapidly and since May of the current fiscal year, there have been four straight rate hikes, resulting in a total repo rate hike of 190 bps including the repo rate which was raised by 50 basis points and is now 5.90%, according to an announcement made by the Monetary Policy Committee (MPC) in September 2022. from mint - Money https://ift.tt/qiQmLoY https://ift.tt/CcHEUMT

How to exit from NPS? Benefits, rules and procedure explained

The National Pension System (NPS) managed by Pension Fund Regulatory & Development Authority (PFRDA) is a voluntary retirement scheme for individuals who wants to generate handsome pension post their retirement age of 60. from mint - Money https://ift.tt/2wBrlKj https://ift.tt/CcHEUMT

Tata mutual fund to turn 7 years soon, SIP of ₹10,000 turns ₹13 lakh

Tata Banking & Financial Services Fund is an open-ended equity scheme investing in the Banking & Financial Services Sector. from mint - Money https://ift.tt/3TYdSHk https://ift.tt/CcHEUMT

What a global economic crisis mean for Silver ETF investors in India

Silver ETFs were first launched in January 2022 in India from mint - Money https://ift.tt/SVIGpkN https://ift.tt/CcHEUMT

RBI announces four-tiered regulatory framework for Urban Co-operative Banks

Based on size of deposits of the UCBs, the four-tiered regulatory framework will come into force with immediate effect. from mint - Money https://ift.tt/aAlcvjV https://ift.tt/KuMRPdq

How young Indian couples are budgeting for their weddings

Marriages are made in heaven, so goes the saying from mint - Money https://ift.tt/K4Qq2eC https://ift.tt/KuMRPdq

Saurabh Mukherjea reaffirms faith in his investment strategy amid rough patch

The Rising Giant’s portfolio from Marcellus PMS, has underperformed steeply since inception, when compared to its benchmark – BSE 500 Total Return Index (TRI) from mint - Money https://ift.tt/VZ4TGwm https://ift.tt/KuMRPdq