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Showing posts from January, 2023

Budget 2023: Govt increases limit for Post Office Monthly Income Scheme. New rates here

The new limit will be ₹9 lakh from ₹4.5 lakh for asingle accounts and ₹15 lakh from ₹9 lakh for joint account holders. from mint - Money https://ift.tt/JcjVasR https://ift.tt/ZVKo5Du

Union Budget 2023: Nirmala Sitharaman has this proposal for PAN card holders

Budget 2023: Finance Minister Nirmala Sitharaman has proposed to use PAN card as as a common identifier for all digital system at government agencies from mint - Money https://ift.tt/eX57Sci https://ift.tt/ZVKo5Du

Budget 2023: 7 populist demands from the finance minister

From tab slab rejig to higher deduction for interest on savings account to simplification of capital gains tax are some of the asks. Now all eyes on FM Sitharaman as to how many she grants: from mint - Money https://ift.tt/4PjLcSu https://ift.tt/ZVKo5Du

Budget 2023: 'Expect clarity on some taxes related to capital gains'

It is expected that Budget 2023 will bring in a necessary amendment in the explanation to section 55(2)(ac) by expanding the definition of ‘FMV’ from mint - Money https://ift.tt/TptDZsB https://ift.tt/lT8WHGK

Economic Survey: Government schemes helped boost insurance reach

The Survey said that insurance penetration in India increased steadily from 2.7% around the turn of the millennium to 4.2% in 2020 and remained the same in 2021. Life insurance penetration in India was at 3.2% in 2021, almost twice more than other emerging markets and slightly above the global average from mint - Money https://ift.tt/RyGASi2 https://ift.tt/lT8WHGK

Why value factor is better than value investing

The value factor is a way of gaining exposure to value in a systematic way from mint - Money https://ift.tt/ChitMPO https://ift.tt/lT8WHGK

New India Assurance launches ‘pay as you drive’ policy: Know details

The comprehensive motor insurance policy that charges premium based on the usage of vehicle. The policy has two components - third-party cover and own-damage cover. from mint - Money https://ift.tt/vl9W80b https://ift.tt/lT8WHGK

IDFC First Bank, ToneTag partner to launch CBDC payments

The retail CBDC will be mainly used for retail payments just like “cash”. It will be a digital rupee (e ₹-R) signifying legal tender in the form of digital token and issued in the same denominations as paper currency and coins and will be distributed through intermediaries, i.e., banks from mint - Money https://ift.tt/QLAHGwz https://ift.tt/lT8WHGK

Budget 2023: A look at old vs new current income tax slabs

Budget 2023: The basic personal tax exemption limit was last revised in 2014 from mint - Money https://ift.tt/E3nAOg7 https://ift.tt/lT8WHGK

Sovereign green bonds: Know the risks and rewards

Green bonds, popularly known as climate bonds, are fixed interest-bearing financial instruments issued by any sovereign entity / inter-governmental organisation /corporation from mint - Money https://ift.tt/lvS6Ckw https://ift.tt/lT8WHGK

More concessions needed in new tax regime for wider adoption

Under the CTR, taxpayers are charged lower tax rates than under the old tax regime but they have to forgo most deductions and exemptions available to them under the old system from mint - Money https://ift.tt/a2yV5NR https://ift.tt/SuFlbRa

Found gold in mother's locker after she died. How it will be taxed if I sell

If the gold jewelry was genuinely found in her locker and it can reasonably be proved that she might have accumulate/acquired so much of gold jewelry during her life time you should face any problem from mint - Money https://ift.tt/kjeZRLG https://ift.tt/SuFlbRa

Six in 10 households see earnings decline in FY2022-23: Survey

A little more than half, or 56%, of household consumers surveyed believe their average household savings will fall in FY23 while only 19% households expect an increase. from mint - Money https://ift.tt/WZOYsu3 https://ift.tt/SuFlbRa

Sundaram Home Finance hikes AAA-rated FD rates, senior citizens get up to 8%

With a comprehensive range of financial services and products, Sundaram Finance Limited has raised interest rates on fixed deposits under ₹2 crore. from mint - Money https://ift.tt/51OEGiH https://ift.tt/SuFlbRa

Where does India stand in the world in comparison of individual tax rates?

With the Union Budget just a few days away, the expectations are high around significant changes in individual taxes. from mint - Money https://ift.tt/phNfbTm https://ift.tt/SuFlbRa

Power of compounding: How Rule 72 and Rule 114 can double and triple your money?

The Rules of 72 and 114 play a crucial part in determining personal financial decisions when it comes to the power of compounding since they enable investors to determine how long it will take to double or triple their money at a particular rate of return or interest rate. from mint - Money https://ift.tt/gofbz2k https://ift.tt/SuFlbRa

Mutual Fund for Beginners: Which funds are suitable to initiate your first SIP?

Beginner investors take their first steps toward personal finance, and these investors often attempt to produce high returns at low risk. from mint - Money https://ift.tt/MAQYyEN https://ift.tt/7CIBEfr

SBI gives 30-40 bps concessions on home loan rates, offer valid till Mar-end

SBI is offering as low as 8.60% interest rate on regular home loans to customers under the new offer. However, it needs to be noted that SBI's home loan rates vary depending upon credit scores. from mint - Money https://ift.tt/4dPyLD3 https://ift.tt/7CIBEfr

How to protect your money after being laid off

Reviewing — and negotiating — your severance package is only the first step from mint - Money https://ift.tt/oZDfQVP https://ift.tt/7CIBEfr

Vinay Paharia joins PGIM India Mutual Fund as its new CIO

Srinivas Rao Ravuri and Aniruddha Naha will head new international business and AIF business, respectively from mint - Money https://ift.tt/vsYlVMZ https://ift.tt/7CIBEfr

India's mutual funds to move to T+2 settlement from next month. Details here

India's equity mutual funds are going to adopt T+2 settlement cycle from 1st February 2023, say mutual fund industry bodies from mint - Money https://ift.tt/Rh0zuO4 https://ift.tt/cU9odFk

Is it wise to take loan against mutual funds, stocks? See what experts say

Taking loan against mutual funds or stocks help an investor avoid capital gain taxes, say experts from mint - Money https://ift.tt/XKbP1aG https://ift.tt/cU9odFk

ITR filing: How homebuyers can claim rebate on under-construction flats

Income tax return: Rebate on home loan interest paid before possession can be claimed over a period of five years after getting possession, says Section 24(B) of Income Tax Act from mint - Money https://ift.tt/l4cxVFX https://ift.tt/cU9odFk

RenewBuy launches customized health insurance plan. Know the details

Available in three variants-- Gold Plan, Silver Plan, Wellness Plan-- the product has new-age health insurance benefits, ranging from a coverage of ₹2-5 lakhs. from mint - Money https://ift.tt/YzKQmlB https://ift.tt/cU9odFk

Coforge stock gains 11% in a week to hit 9-month high; brokerages maintain ‘buy’ call

On January 20, Coforge posted a 24 percent increase in its consolidated net profit to ₹228 crore for the December quarter. The company posted a net profit of ₹183 crore in the year-ago quarter. Axis Securities has maintained its ‘buy’ call on the stock with a target price of ₹4,715 apiece. from mint - Money https://ift.tt/8q1I2gh https://ift.tt/BhRYxHf

When it comes to marriage and money, opposites attract

Spouses reshape each others’ financial behavior, for richer and poorer, marriage research suggests from mint - Money https://ift.tt/FTIykQK https://ift.tt/BhRYxHf

Why the budget should offer separate deduction for term insurance

In order to encourage people to buy pure term insurance, a separate deduction of up to ₹15,000-20,000 every year should be offered. This will be like the deduction offered on the premium towards a health insurance policy. from mint - Money https://ift.tt/Ta4gwMu https://ift.tt/BhRYxHf

What type of insurance cover should a senior citizen buy?

The advantage of buying sum assured together is that the waiting period on PEDs would run together. So, after a block of 4 years, you will have the full sum assured. Also, with a higher sum assured, you get no claim bonus on the full sum assured. from mint - Money https://ift.tt/aB0IJiZ https://ift.tt/BhRYxHf

Are loans against stocks and mutual funds good for investors?

With stocks, mutual funds, bonds, and insurance adapting to more advanced technology, investors can use them as additional collateral for other purchases. Some financial institutions currently offer loans against stocks and mutual funds facilities to investors. from mint - Money https://ift.tt/g9YGVTh https://ift.tt/BhRYxHf

Life insurance ownership up significantly among working women: Study

While life insurance ownership stood at 74% for men and 71% for women, men continue to take the lead over women in term insurance with 31% ownership from mint - Money https://ift.tt/AxdMaGj https://ift.tt/BhRYxHf

RBL Bank hikes savings account interest rates up to 6.50% effective from today

One of the well-known lenders in the private sector, RBL Bank, has announced an increase in the interest rate on savings bank accounts. from mint - Money https://ift.tt/Xzgydkf https://ift.tt/PagVr5v

Adani Group stocks lose ₹46,000 crore in market cap after Hindenburg alleges fraud

Hindenburg Research in its recent report claimed that the Indian giant Adani Group had participated in a clear stock manipulation and accounting fraud scheme over the course of decades. from mint - Money https://ift.tt/e0i42tf https://ift.tt/PagVr5v

Rupee gains 20 paise to 81.50 against dollar

At the interbank foreign exchange, the rupee opened higher at 81.62 and rose further to a high of 81.49 in morning trade. from mint - Money https://ift.tt/soqMGn4 https://ift.tt/PagVr5v

India's ₹8,000-crore green bond debuts today, to see ‘greenium' on strong demand: Report

As per the report, the encouraging response to the maiden sale is likely to be reflected in a pricing premium or ‘greenium’ relative to prevailing levels on corresponding regular government bonds. from mint - Money https://ift.tt/PrjG13J https://ift.tt/PagVr5v

New IPO: PayMate India to refile DRHP after receiving final nod from RBI for payment aggregator licence

PayMate India to refile DRHP after receiving final nod from RBI for payment aggregator licence from mint - Money https://ift.tt/MzXomel https://ift.tt/PagVr5v

Budget 2023: Hope there isn’t any tinkering with capital gains tax, said Devarsh Vakil of HDFC Sec

The key expectation from Budget 2023 is to maintain the growth path while keeping fiscal deficit and inflation in check, said Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities. from mint - Money https://ift.tt/zj0a63s https://ift.tt/PagVr5v

Route Mobile shares surge 13% following strong Q3 results

Route Mobile's stock rose 13.3% on Tuesday after its Q3 FY23 net profit and revenue both increased compared to the same period last year. The company reported an 84.40% increase in net profit and a 75.16% jump in revenue from operations. from mint - Money https://ift.tt/03rtyON https://ift.tt/niydLe9

Tech in trouble? How a likely global recession will impact Indian IT companies

Indian IT companies make up a large portion of the worldwide IT market, and the growth of the Indian IT industry is closely tied to global market conditions. from mint - Money https://ift.tt/qIr785Y https://ift.tt/niydLe9

Federal Bank: Redefining banking digitally and sustainably

Federal Bank reported its highest-ever quarterly earnings, largely on the back of strong loan growth and margin expansion. The bank is leveraging its FinTech partnerships to clock market share gains and drive further business productivity. from mint - Money https://ift.tt/bih6JA4 https://ift.tt/niydLe9

Rupee falls 26 paise to 81.68 against US dollar

The local unit opened lower at 81.48 to a dollar against the last close of 81.42. It moved in a range of 81.48 to 81.68 in morning deals. from mint - Money https://ift.tt/kbl83DO https://ift.tt/niydLe9

“Despite headwinds & tailwinds, it’s the right time to start investing in volatile markets,” says Prashant Tapse

In an interview with Mintgenie, Tapse spoke extensively on the upcoming budget, the expected market trends, initial public offering, and the sectors that are anticipated to do well in 2023. from mint - Money https://ift.tt/pQYLmOF https://ift.tt/niydLe9

Should you put your money in the hands of an Instagram or YouTube finfluencer?

The term finfluencers is currently popular among investors because these people offer advice on personal finance investments, including stock investments, over social media platforms. from mint - Money https://ift.tt/mRFw6HP https://ift.tt/niydLe9

JSW Energy shares slump 6% following a decline in Q3 profit

JSW Energy reported a 45% drop in net profit for Q3, with lower short-term sales YoY and higher finance costs. The stock has declined 17.16% in the past year and analysts have a ‘Sell’ rating on it. from mint - Money https://ift.tt/K234jnY https://ift.tt/izod7rR

Government is unlikely to announce capital infusion for PSU banks in the upcoming Budget: Report

In the first half of FY23, the cumulative net profit of all PSBs increased by 32 percent to ₹40,991 crore. The combined profit more than doubled to ₹66,539 crore in 2021–22 despite COVID-19 pressure. Meanwhile, the gross NPA ratio of banks has fallen to a 7-year low of 5% in September 2022. from mint - Money https://ift.tt/vk92sDE https://ift.tt/izod7rR

Bandhan Bank shares surged over 5% on Monday's trade; here's why

Brokerage houses, ICICI direct Research report and Nuvama Wealth Management Ltd have 'hold' rating for the stock, while Motilal Oswal Financial Services Ltd has 'neutral' rating for the stock. from mint - Money https://ift.tt/rNzRWmn https://ift.tt/izod7rR

Q3 earnings impact: Yes Bank shares shed over 12% in intra-day deals as profit drops 80%

Yes Bank's net profit in Q3 FY23 was adversely impacted due to ageing related provisions, the lender informed the stock exchanges. from mint - Money https://ift.tt/4uD39iB https://ift.tt/izod7rR

How a non-compete clause pushed Roongta to focus on RIA practice

Harsh Roongta says he fell in love with the RIA profession after exiting apnapaisa.com, the company he founded from mint - Money https://ift.tt/PqawTsB https://ift.tt/izod7rR

7 golden tips to maximize ELSS fund returns

However, out of all of these instruments, the Equity Linked Savings Scheme (ELSS) is the most well-known because it has the shortest lock-in period of 3 years—and has a track record of producing better returns over the long term than fixed deposits, post office schemes, and other tax-saving investments that fall under section 80C. from mint - Money https://ift.tt/DvJeMbp https://ift.tt/izod7rR

RBL Bank hikes interest rates on savings accounts by up to 125 bps

RBL Bank, a private sector lender, has announced a rise in the interest rates on savings bank accounts. from mint - Money https://ift.tt/5KasNjn https://ift.tt/AdkzSpZ

Why nomination is important for post office NSS accountholders — explained

National Savings Scheme (NSS): Post offices shall have to ensure settlement of deceased claim cases within the timeline prescribed, says revised procedure for deceased claims from mint - Money https://ift.tt/OIxunZM https://ift.tt/E3UAqZW

Meet India’s longest-standing financial advisors

This list of RIAs is meant to serve as a good starting point in your hunt for a suitable financial advisor from mint - Money https://ift.tt/cszXOB3 https://ift.tt/E3UAqZW

In 16.5% jump, EPFO adds 16.26 lakh subscribers in November 2022

The data also highlights that approximately 11.21 lakh members re-joined EPFO membership. from mint - Money https://ift.tt/sp2lHqm https://ift.tt/E3UAqZW

Employee Provident Fund (EPF): What are the new tax rules you need to know?

Employee Provident Fund Organization (EPFO), one of the largest social security organisations in the world, is in charge of managing the welfare programme known as Employee Provident Fund (EPF). from mint - Money https://ift.tt/ihlAkWr https://ift.tt/E3UAqZW

Zerodha wants to tutor your kid on the ABC of finance

Zerodha’s education platform has launched Varsity Junior to spread financial literacy among school-going children. from mint - Money https://ift.tt/xKqPFBU https://ift.tt/E3UAqZW

My father bought a plot and gifted me. I sold it. How income tax is calculated?

For the purpose of computing capital gains in respect of property received as gift from specified relatives which is exempt under Section 56(2)(x) or as inheritance, the cost incurred by the original owner who had acquired it for consideration is treated as the cost of the seller from mint - Money https://ift.tt/XiR5LOf https://ift.tt/E3UAqZW

SBI accountholders alert! ₹147 deducted from your account. Here is why

This is why State Bank of India (SBI) customers are receiving the message of ₹147 deduction from their account from mint - Money https://ift.tt/OWmkg7l https://ift.tt/E3UAqZW

Do you need a CA? Here’s how to find the right one

It is that time of the year which most of us dread from mint - Money https://ift.tt/YD4RUEC https://ift.tt/MtuPKG6

Tax2win launches tax optimizer tool: Know details

The tool generates a detailed personalised report outlining tax saving recommendations under which one can claim additional deduction including suggestions on restructuring one’s CTC. It helps users reduce tax liability by up to ₹2 lakh by proposing more than 50 different ways to invest and save taxes from mint - Money https://ift.tt/4SdT80k https://ift.tt/MtuPKG6

5 post office savings schemes that offer income tax benefits

Post office offers a variety of savings schemes that offer income tax benefits from mint - Money https://ift.tt/PFvRajD https://ift.tt/MtuPKG6

Central government declares postal life insurance bonus rates for FY24. Details here

The bonus announced for the PLI policies will become applicable from 1st April 2023 from mint - Money https://ift.tt/Reka9MK https://ift.tt/MtuPKG6

How India’s financial system innovated with new tax rules

Who doesn’t want to save on taxes? With each budget, the financial system innovates with new products that reduce the tax liability of investors from mint - Money https://ift.tt/jyEXtwS https://ift.tt/MtuPKG6

What you should do if PPF, NSC accounts become 'inoperative' after maturity

Freezing of PPF, NSC, other small saving schemes accounts get matured but not closed after three years of maturity, says latest central government's order from mint - Money https://ift.tt/JDSYgGU https://ift.tt/3zXaDvA

50% of my equity portfolio is in NPS, says Anil Ghelani

Anil Ghelani, chartered financial analyst and head–passive investments and products, DSP Investment Managers, started his investment journey with direct stocks from mint - Money https://ift.tt/bx4gm6V https://ift.tt/3zXaDvA

Mirae Asset Mutual Fund’s Neelesh Surana completes 15 years as a fund manager and CIO

Looking to the future Surana is confident that Mirae fund management team will retain a traditional fundamental investing style despite trends like quantitative investing and artificial intelligence gaining ground from mint - Money https://ift.tt/0K5e9gk https://ift.tt/3zXaDvA

Why Saurabh Mukherjea is launching a quant strategy called MeritorQ

MeritorQ will be delivered through a registered investment adivsor licence and will have a minimum ticket size of ₹10 lakh. It will invest in a portfolio of 35-45 stocks and it will be managed by Krishnan VR from mint - Money https://ift.tt/CRf5nt3 https://ift.tt/3zXaDvA

4 income tax benefits you could expect from Budget 2023

Budget 2023: Income taxpayers are hoping for some relief from Finance Minister Nirmala Sitharaman from mint - Money https://ift.tt/o2isWTV https://ift.tt/3zXaDvA

Biggest challenges for the real estate industry in 2023

One of the major challenges being faced for the real estate market in the upcoming year of 2023 is going to be the cooldown effect of the US recession, said Vishal Raheja, MD, InvestoXpert.com from mint - Money https://ift.tt/PhavVo5 https://ift.tt/x9gcz1b

Can India’s tax systems override its tax laws?

Many taxpayers are facing a peculiar situation, with small demands raised on processing of their tax returns, generally due to difference in interest, TDS (tax deducted at source), etc from mint - Money https://ift.tt/UKyths5 https://ift.tt/x9gcz1b

Yes Bank launches premium debit card for for HNIs. Features, benefits

Yes Bank becomes first bank across Asia Pacific to launch a debit card on Mastercard’s World Elite platform from mint - Money https://ift.tt/350tfoD https://ift.tt/x9gcz1b

Index Funds: How beneficial it is for investing in long-term goals

Market experts believe that index funds are affordable, enable diversification, and tend to generate attractive returns over time from mint - Money https://ift.tt/peaHVOt https://ift.tt/x9gcz1b

The changes in Sebi’s complaints redressal system

Given the level of financial literacy and awareness among Indian investors, it is necessary to publicize the new step-up approach by Sebi through various communication mediums. from mint - Money https://ift.tt/YNtFM1X https://ift.tt/Eg813lH

Budget 2023: 'Would like govt to rationalise GST on insurance products'

Foresee consolidation in the insurance sector at the bottom of the pyramid with strong M&A activities between large and very small players to average out the competition, said Abhay Tewari, MD & CEO, Star Union Daiichi Life Insurance from mint - Money https://ift.tt/JidmAwy https://ift.tt/Eg813lH

Is the New Tax Regime beneficial to individual taxpayers in real sense?

Even though NTR provides for lower tax rates with diversified income slabs, the OTR seems to be more popular. Budget 2023 should address challenges and revamp the NTR or introduce a simplified single tax regime. from mint - Money https://ift.tt/j9vtgGF https://ift.tt/Eg813lH

SBI hikes MCLR by 10 bps; concessions on home loan rates to end 31 Jan

As per SBI's website, from January 15, MCLR on 1-year tenure is hiked to 8.4% from the previous 8.30%. MCLR on other tenures has been kept unchanged. from mint - Money https://ift.tt/g6hkH8P https://ift.tt/KvjJ3bR

Thematic fund turns 23 years, SIP of ₹10,000 turns ₹2 Cr with a CAGR of 16%

Aditya Birla Sun Life Digital India Fund is a thematic equity scheme investing in the technology, telecom, media, entertainment and other related ancillary sectors. from mint - Money https://ift.tt/4IacwO2 https://ift.tt/KvjJ3bR

Should you book your fixed deposit now or wait for the rates to rise further?

According to a recent update on December 7, 2022, when the Reserve Bank of India (RBI) increased the repo rate by 35 basis points, the repo rate climbed to the 6.25% mark. from mint - Money https://ift.tt/LRxVBHA https://ift.tt/KvjJ3bR

How much mutual fund SIP should you make to accumulate ₹3 Cr in 20 years?

Mutual funds, one of the best and most used forms of long-term investment, have consistently proven superior performance in terms of returns. from mint - Money https://ift.tt/5MzcSbp https://ift.tt/KvjJ3bR

ITR filing: How long one should keep income tax return documents?

ITR filing: Under the Black Money Act, there is no specific time frame mentioned for a taxpayer to keep one's ITR documents from mint - Money https://ift.tt/w04KsHI https://ift.tt/KvjJ3bR

Fixed deposit vs debt mutual funds: Which one is better in rising interest rate

FD vs debt fund: In increasing rate scenario, that is nearing its apex, it is better to continue with debt funds having shorter term profiles, say experts from mint - Money https://ift.tt/RsQmypi https://ift.tt/KvjJ3bR

Good news for EMI payers? Jefferies expects home loan rates to peak soon

American investment banker and financial services provider, Jefferies highlighted that despite the rising interest rates scenario, domestic demand has shown positive momentum with an upside in the credit cycle and residential property market. from mint - Money https://ift.tt/yWoEC42 https://ift.tt/pGcsmgb

For verifying some banking transactions, face recognition, iris scan allowed: Report

Indians can soon complete their banking transactions with the help of iris scan and face recognition in the absence of necessary documents like PAN card,etc from mint - Money https://ift.tt/oO8v7Gr https://ift.tt/pGcsmgb

Digital Rupee: Understanding the risks of using digital currency

RBI has already launched the Central Bank Digital Currency CBDC-W and CBDC-R on a pilot basis for the Indian market from mint - Money https://ift.tt/VkOQdeN https://ift.tt/pGcsmgb

Financial advisers have an alphabet soup of credentials. What do they mean?

They can signify specialized knowledge, but it’s hard for investors to make sense of them all from mint - Money https://ift.tt/GvYSQOD https://ift.tt/pGcsmgb

Is it better to now shift your home loan to another bank?

If you have several years of EMIs left to pay, the savings on interest costs can be worth it from mint - Money https://ift.tt/Yw5GCIx https://ift.tt/pGcsmgb

Do I need regular health policy if I have a critical illness cover?

A critical illness plan is not a substitute for a regular health plan. It is only a supplementary plan. from mint - Money https://ift.tt/mA4Fke1 https://ift.tt/pGcsmgb

IDBI Bank hikes lending rates by 20 bps from today

IDBI Bank hikes lending rates: The one-year rate is used to fix most consumer loans, such as auto, personal and home loans from mint - Money https://ift.tt/xnMWD8I https://ift.tt/Crh2FlQ

India’s SIP inflows can double in 3 years: Aditya Birla AMC

SIP collections were up to a record high of ₹13,573 crore in December, up from ₹13,306 crore in the preceding month from mint - Money https://ift.tt/cJwnhTf https://ift.tt/Crh2FlQ

Should you consider buying zero-cost term insurance?

The insurance sector is suddenly abuzz with news of a new term life plan from mint - Money https://ift.tt/UDOgTlx https://ift.tt/Crh2FlQ

NRIs from these 10 countries will soon be able to make UPI payments

NRIs with NRE or NRO accounts in 10 countries can access UPI services for transactions using their international mobile numbers from mint - Money https://ift.tt/CvUYQB0 https://ift.tt/Crh2FlQ

Aditya Birla Sun Life AMC unveils Multi Asset Allocation Fund: NFO opens today

Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt, and commodities, has been launched by Aditya Birla Sun Life AMC Limited from mint - Money https://ift.tt/Fu09zlf https://ift.tt/Crh2FlQ

7 top personal finance trends to watch out for in 2023

From the introduction of UPI to the emergence of innovative new products, the Indian personal finance space is evolving at a rapid pace from mint - Money https://ift.tt/fZO7KuE https://ift.tt/KnNf75R

Correction in new-age tech stocks – a possible investment opportunity?

When a market is up for grabs, the risk often is not inefficiency – the real risk is playing too safe from mint - Money https://ift.tt/A8WEfBs https://ift.tt/KnNf75R

‘Yesterday’s luxuries have become today’s necessities’

It was in 2005 that Shyam Sunder and Priya Sunder started PeakAlpha Investment Services from mint - Money https://ift.tt/ePqF5Ea https://ift.tt/KnNf75R

Mid, smallcaps drive equity MFs in Dec. Why invest in mutual funds in current volatile markets?

2022 has been a year of price and time consolidation for stock markets; hence, the returns for many mutual funds would be subdued and even negative. .As of December 31, 2022, the asset under management (AUM) stood at ₹39,88,735.37 crore, an increase of 5.7% in the current year 2022. from mint - Money https://ift.tt/MSomVOW https://ift.tt/KnNf75R

You might get a smaller tax refund this year

The expiration of Covid tax breaks will raise many Americans’ tax bills for 2022 from mint - Money https://ift.tt/TH0ZX5p https://ift.tt/KnNf75R

Bank of India hikes interest rates on these special fixed deposits (FDs). Latest FD rates

Bank of India (BOI) has revised interest rates upwards for special term deposit bucket of 444 days with effect from 10th January, 2023 for deposits below ₹2 crores from mint - Money https://ift.tt/EwiatzT https://ift.tt/KnNf75R

Budget 2023: Abolish long-term capital gains tax, B Gopkumar of Axis Securities says

Equity markets are well suited for long-term investments and wealth generation, says B Gopkumar, MD & CEO, Axis Securities. In an interview with MintGenie, Gopkumar noted that he expects railways, construction, capital goods, defense equipment manufacturers, fertilizers, and agrochemicals to be the sectors in focus for the upcoming budget. Edited Excerpts: from mint - Money https://ift.tt/zKdZiSN https://ift.tt/38Idhiv

What is the best strategy for long-term investors amid volatility: cash, debt or equities?

Amid the backdrop of rate hikes and macro uncertainty, what should investors do? Should they stick with equities, or shift towards more fixed-income assets or even hold cash? Let's see what different experts say: from mint - Money https://ift.tt/YTeOBoi https://ift.tt/38Idhiv

TCS Q3 Earnings: Margins likely to improve on easing supply-side pressure; here are the expectations

TCS may post around 15-20 percent year-on-year (YoY) average revenue growth to around ₹57,500 crore in Q3FY23. Its net profit may rise 10-16 percent YoY to around ₹11,000 crore, as per experts. from mint - Money https://ift.tt/dH8aKb4 https://ift.tt/38Idhiv

Stocks to buy: From PNB to Britannia, analysts' 9 picks that can give healthy returns in short term

Volatility is expected to continue in the short term. A prudent investor, however, can still find opportunities in some stocks which are fundamentally and technically sound. from mint - Money https://ift.tt/Yvomu2N https://ift.tt/38Idhiv

IDBI bank records a new 52-week high as the bidding process moves to 2nd stage

On Saturday, January 7, the Centre received multiple expressions of interests (EoIs) from domestic and foreign investors for the 60.72% stake in IDBI Bank, which will go to the successful bidder along with management control. from mint - Money https://ift.tt/AIycPRQ https://ift.tt/38Idhiv

Rupee at 1-month high as U.S. data stokes smaller Fed hike hopes

The rupee was trading around a one-month high of 82.30 per dollar by 10:15 a.m. IST, as compared to its previous close of 82.72. from mint - Money https://ift.tt/DwsXNdK https://ift.tt/38Idhiv

Meme Of The Day: When your broker says its time to buy the dip

Meme Of The Day: When your broker says its time to buy the dip from mint - Money https://ift.tt/674Ko2J https://ift.tt/ACrQqYz

‘We tell clients to keep business and personal finances separate’

Tarun Birani, founder of TBNG Capital Advisors, says effective communication with clients is crucial from mint - Money https://ift.tt/MrHLb2z https://ift.tt/ACrQqYz

5 reasons why gold loans are best option in an emergency cash crisis

Whether it's for funding an immediate need like paying for a child's education, medical condition, marriage, or raising capital for a new business venture, gold loans are seen as the best option. from mint - Money https://ift.tt/qIwAJcK https://ift.tt/ACrQqYz

This HDFC fund turns 28 years, SIP of ₹10,000 turns ₹12 Cr at a CAGR of 21%

An open-ended dynamic equity fund known as HDFC Flexi Cap Fund invests in large-, mid-, and small-cap stocks. from mint - Money https://ift.tt/T7SD5cb https://ift.tt/ACrQqYz

Company FDs offer more returns than banks: What should investors do?

In comparison to bank fixed deposits, company/corporate fixed deposits provide higher interest rates but also involve a higher level of risk. from mint - Money https://ift.tt/P1h7iWn https://ift.tt/ACrQqYz

Income Tax: 10 key steps to plan your taxes in 2023

Tax2win CEO added that tax planning is essential for all investor's financial plans. A tax planning practice can help you reduce your tax liability and save hard-earned money. The ultimate aim of tax planning is to adhere to tax efficiency. from mint - Money https://ift.tt/2p5kmWs https://ift.tt/DUHRwNp

How debt mutual funds are more tax efficient than bank fixed deposits (FDs)?

For conservative investors, fixed deposits and debt mutual funds are among the most prominent debt investments. from mint - Money https://ift.tt/fAmS5FP https://ift.tt/DUHRwNp

FD calculator: These PSU banks give 7% or more return on fixed deposits

FD calculator: Canara Bank is offering highest 7 per cent annual return on fixed deposits for 666 days tenure from mint - Money https://ift.tt/U95TKoy https://ift.tt/DUHRwNp

Four investment strategies that may work in 2023 amid uncertainties

Within equities, we are overweight on large-cap equities given relatively better macro fundamentals and a greater margin of safety in terms of earnings and valuation, said Vinay Joseph of Standard Chartered Wealth — India from mint - Money https://ift.tt/LBTDFZA https://ift.tt/DUHRwNp

4 key tips to keep in mind before opting for a two-wheeler loan

India is an attractive market for two-wheelers given our large middle and low-income population and subpar market penetration. from mint - Money https://ift.tt/o2xDiUm https://ift.tt/cCFLRv5

How to claim NPS death benefits upon the sudden demise of a subscriber?

National Pension System (NPS), which is run by the Pension Fund Regulatory & Development Authority (PFRDA) from mint - Money https://ift.tt/J6dHWtf https://ift.tt/cCFLRv5

India second-most stock-obsessed country in the world: Study

The study revealed that Singapore ranked the highest as a country most interested in stocks and trading. With a total search score of 555 out of a possible 700, Singapore topped the list for its population having the highest search levels for the phrases ‘stocks’, ‘buy stocks’, and ‘interest rate’ worldwide from mint - Money https://ift.tt/PhfIBpr https://ift.tt/cCFLRv5

Sonam Kapoor's Bandra flat sale sparks discussion on whether real estate gives return. Does it?

Bollywood actress Sonam Kapoor who bought her Bandra-Kurla Complex home in Mumbai in 2015 sold it on December 29, 2022, for over ₹32 crore. But the point of discussion was the amount for which she bought the property! Know the taxes and investment math here from mint - Money https://ift.tt/LEfn2j0 https://ift.tt/cCFLRv5

Gearing up to build a global investment portfolio – options, regulations & best practices

In this column two weeks ago, we read why it becomes obvious for Indian investors to allocate at least a small portion of their portfolio to overseas markets from mint - Money https://ift.tt/51pcxo8 https://ift.tt/cCFLRv5

Missed 31 Dec deadline? You can update the ITR

ITRs filed after 31 July need to be revised within 30 days (from the previous 120 days) of filing ITR, as per CBDT rule from mint - Money https://ift.tt/DE4dgsx https://ift.tt/cCFLRv5

How to invest for short-term and long-term goals simultaneously?

You could consider exiting the Tata Balanced Advantage and reinvesting the proceeds in a fund which offers international exposure, thus giving you geographical diversification as well. from mint - Money https://ift.tt/BIoYOrP https://ift.tt/cCFLRv5

It’s time for senior citizens to lock the 8% rate on SCSS

Investors in small savings schemes have a reason to rejoice, especially if they are senior citizens from mint - Money https://ift.tt/CvND5Wx https://ift.tt/cCFLRv5

IndusInd Bank partners Qatar and British Airways to launch co-branded credit card

This credit card will be available in the Infinite variant of Visa, and will offer best-in-class rewards and benefits to elevate international travel experience of customers from mint - Money https://ift.tt/JOgxPC9 https://ift.tt/tOrP0Io

We started in India but we always wanted to be a global startup

Trendlyne is all set to enter international markets. It is also gearing up to enable transactions on its website and app from mint - Money https://ift.tt/S0MQm4i https://ift.tt/tOrP0Io

How can a ‘will’ be executed in India if one of the heirs is unable to visit the country?

In the event if a Probate/Letter of Administration is already obtained by the executor of the will and thereafter if the executor has discovered the properties, then the executor may apply before the same Court for Letters of Administration for such assets from mint - Money https://ift.tt/xCETeVG https://ift.tt/7Gr0dpF

What Maheshwari learned from managing other people’s money

The RIA from Tamil Nadu says its a complicated job— especially when clients act on their greed and fear from mint - Money https://ift.tt/21CLejK https://ift.tt/7Gr0dpF

How the new tax regime can be made attractive

There is a need to make changes to the concessional tax regime to make it more effective and attractive for individual taxpayers from mint - Money https://ift.tt/oyrilFw https://ift.tt/7Gr0dpF

Govt announces General Provident Fund (GPF), CPF interest rates for Jan-Mar 2023 quarter

The government has announced the interest rate for General Provident (GPF) and other similar provident fund schemes from mint - Money https://ift.tt/x0B4zGJ https://ift.tt/7Gr0dpF

This AAA rated company FD hikes interest rates and now offers up to 7.50%

ICICI Housing Finance Company (HFC) has hiked its interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/uVESswH https://ift.tt/7Gr0dpF

How mutual funds strip reinvestment risk from FMPs

STRIPS break down a bond into multiple securities, representing coupons and principal. from mint - Money https://ift.tt/u3wlVr6 https://ift.tt/7Gr0dpF

Billimoria’s financial journey: from managing 1 client to ₹550 cr assets

Dilzer Consultants founder Dilshad Billimoria shares why she has not charged any advisory fees in certain cases from mint - Money https://ift.tt/3Ppwyrd https://ift.tt/coZMBWC

Top performing ELSS mutual funds of past one year: Here is the list

Equity Linked Savings Schemes (ELSS) are the most popular choice when it comes to section 80C tax deduction on various investments up to ₹1.5 lakh per year from your taxable income. from mint - Money https://ift.tt/9FtrdBm https://ift.tt/coZMBWC

Edelweiss Financial Services to raise ₹400 crores via secured redeemable NCDs

At least 75% of the funds raised through this issue will be used for the purpose of repayment /prepayment of interest and principal of existing borrowings of the company from mint - Money https://ift.tt/uzBQEkw https://ift.tt/coZMBWC

'Successful investing is a piece of art'

On investment opportunities in a market where valuations have soared, he pointed to a time-tested market wisdom: ‘What is hated is where the biggest opportunity lies’ from mint - Money https://ift.tt/vFnGTgp https://ift.tt/ljQ4PBN

How much mutual fund SIP is required to make ₹50 Lakhs in 3 to 5 years?

Whether you are a beginner or an expert when it comes to personal finance, financial resolutions should be proactively addressed as we say goodbye to 2022 and welcome a new year in 2023. from mint - Money https://ift.tt/ojVns10 https://ift.tt/ljQ4PBN

To invest for retirement, build friendships and hobbies

Don’t wait for retirement to start cultivating the relationships and activities that will sustain you in your postwork year from mint - Money https://ift.tt/C7fUBoe https://ift.tt/ljQ4PBN

How to save on your taxes in 2023? A cheat sheet!

While a salaried individual does need to pay their taxes, however, the government also provides benefits in the form of tax deductions on certain investment mechanisms that can be claimed to save on your taxes. from mint - Money https://ift.tt/v5DRBAN https://ift.tt/ljQ4PBN

How to minimise EMIs burden on personal loans? Key factors to consider

Typically, a personal loan is a very common loan product, and various segments of customer avail of this type of loan for a variety of purposes ranging from buying white goods, traveling, buying vehicle, buying jewellery, wedding expenses, etc. from mint - Money https://ift.tt/vGBNKVb https://ift.tt/ljQ4PBN