The Unit Linked Insurance Plan (ULIP) is an insurance programme that provides both life insurance and investment advantages since its investment component enables customers to place investments in the equity, debt, and balanced asset classes. from mint - Money https://ift.tt/XCorqAu https://ift.tt/Z8DRBKk
New Jersey’s governor floats rebates as several states including New York and Michigan debate what to do with surpluses. from mint - Money https://ift.tt/Ak1Jw6U https://ift.tt/Z8DRBKk
Mutual funds have a track record of being long-term investments where investors pool their funds and invest through fund managers in stocks, bonds, and other securities. from mint - Money https://ift.tt/9Pq5vNa https://ift.tt/Z8DRBKk
FIRE stands for Financial Independence, Retire Early and is a financial rule for early retirement planning. from mint - Money https://ift.tt/WLYb0o2 https://ift.tt/Z8DRBKk
The collaboration will enable foreign visitors from G20 countries to make payments at over five crore merchant outlets across India, that accept QR Code-based UPI payments. from mint - Money https://ift.tt/iyOQ7jf https://ift.tt/dx3RKNc
Alternative investment funds (AIFs ) invest mostly in unlisted investments such as start-ups, early-stage ventures, real estate, infrastructure, and distressed assets from mint - Money https://ift.tt/ygviFKm https://ift.tt/dx3RKNc
The portfolio management services (PMS) industry, which caters to the investment needs of high net-worth individuals (HNIs), in India grew by about 14 from mint - Money https://ift.tt/jT52WNV https://ift.tt/dx3RKNc
Under the old tax regime, investments in Equity Linked Savings Scheme (ELSS) are the only instrument eligible for a deduction under Section 80C of the Income Tax Act, subject to a 3-year lock-in period. from mint - Money https://ift.tt/KenObJP https://ift.tt/dx3RKNc
The interest rates on fixed deposits under ₹2 crore have been raised at DBS Bank India. from mint - Money https://ift.tt/VsBl6c5 https://ift.tt/dx3RKNc
The market earlier had only two players – banks and post offices, but now small finance banks has also gained a foothold from mint - Money https://ift.tt/CXZdYaM https://ift.tt/3zoy0xp
These funds mainly tap mature businesses, particularly those with strong balance sheets and good free cash flow from mint - Money https://ift.tt/8uyj5vT https://ift.tt/3zoy0xp
While equity mutual funds invest at least 65% of their assets in equity and equity-related instruments, NPS Tier 2 accounts allow for up to 50% of the total corpus to be invested in equity-oriented schemes. from mint - Money https://ift.tt/u0yZaHK https://ift.tt/3zoy0xp
Whether it’s the IRS or hospitals or credit-card companies or mortgage lenders, there are ways to get better terms—and maybe even reduce the amount owed from mint - Money https://ift.tt/rHciyD0 https://ift.tt/3zoy0xp
Both credit and debit look almost identical with 16-digit number, expiration dates, CVV code and EMV chips. However, the usage of both these cards is different. from mint - Money https://ift.tt/uxO2gCK https://ift.tt/3zoy0xp
The deadline for individuals to submit an application for a higher pension under the Employees' Pension Scheme (EPS) is 3 March 2023. from mint - Money https://ift.tt/6tCnDRX https://ift.tt/RVlExe9
HDFC Life's this new insurance plan gives a discount on first-year premiums for online purchases. There is also a discount of 12% for 8 and 10 years of a premium payment term (PPT) and a discount of 15% for 12 and 15 years PPT. from mint - Money https://ift.tt/P6fSx0V https://ift.tt/RVlExe9
ITR filing: There is no tax implication at the time of allotment of bonus shares, say experts from mint - Money https://ift.tt/o31cLCR https://ift.tt/RVlExe9
Mumbai: IDFC Mutual Fund (MF)—a fund house known for its debt funds—is all set to launch the IDFC US Treasury Bond 0-1 Year FOF (fund of funds), the industry’s first international debt fund from mint - Money https://ift.tt/R18SsWX https://ift.tt/NI2wgAc
I have health insurance coverage of ₹5 lakh but want to make my policy more comprehensive from mint - Money https://ift.tt/ND0oaup https://ift.tt/NI2wgAc
Women fulfil several roles throughout their lives, including a devoted daughter, a loving sister, a supportive wife and a nurturing mother. from mint - Money https://ift.tt/EUT4paQ https://ift.tt/NI2wgAc
Usha Martin, Kaynes Tech, LIC, Krsnaa Diagnostics, HDFC Bank figure in 20 stocks to watch from mint - Money https://ift.tt/bXdMwoK https://ift.tt/DNjEGb7
To choose the best performing mutual fund to invest in, a variety of criteria must be taken into account, including benchmarks for funds, the performance of the chosen funds relative to other funds of a similar category, historical returns, ratios, profile of the fund managers, and more. from mint - Money https://ift.tt/kYrtRbz https://ift.tt/DNjEGb7
The introduction of cross-border linkage between the Unified Payments Interface (UPI) of India and PayNow of Singapore has been observed by Prime Ministers Narendra Modi of India and Lee Hsien Loong of Singapore. from mint - Money https://ift.tt/ATzBWRj https://ift.tt/DNjEGb7
Tokyo regulators see quick resumption as a success after U.S. bankruptcy filing by Sam Bankman-Fried’s cryptocurrency exchange. from mint - Money https://ift.tt/YCoOId0 https://ift.tt/L6edmO3
Fitch says that Indian banks' impaired-loan ratio declined to 4.5% in the first nine months of financial year ended March 2023 (9MFY23), from 6% at FY'22. from mint - Money https://ift.tt/uTLYVqt https://ift.tt/L6edmO3
Bank FD vs SCSS: Amid the high interest rate offered by the banks, should senior citizens prefer to park their savings in Senior Citizen Savings Scheme or fixed deposits? from mint - Money https://ift.tt/4EAoRvI https://ift.tt/L6edmO3
The plan helps build long-term wealth and helps customers save tax and guarantees a steady income stream in the long run, the company said. from mint - Money https://ift.tt/mhengDJ https://ift.tt/L6edmO3
Financial preparedness and a sufficiently large emergency fund are very important before you take that break from mint - Money https://ift.tt/Ir9agzE https://ift.tt/L6edmO3
Slowdown that earlier hit tech startups catches up with investors who fuel venture capital from mint - Money https://ift.tt/fp73wNB https://ift.tt/L6edmO3
The public sector lender Punjab & Sind Bank (PSB) has hiked its interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/9UFWGfH https://ift.tt/I5t2m9i
Srinivas Rao Ravuri, Aniruddha Naha will exit MFs and head new verticals; Vinay Paharia will be the new CIO from mint - Money https://ift.tt/UeLoRFJ https://ift.tt/I5t2m9i
The Systematic Investment Plan (SIP), a method of investing allowed by mutual funds, allows one to make periodic fixed-amount investments in a particular equity or debt-oriented scheme. from mint - Money https://ift.tt/9zpx34B https://ift.tt/I5t2m9i
PNB Housing Finance Limited (PNB Housing), a registered housing finance company with National Housing Bank (NHB) has announced interest rates on fixed deposits of less than ₹5 Cr. from mint - Money https://ift.tt/sSJ7KMx https://ift.tt/I5t2m9i
An employer is liable of penalties and high interest rates on payments if there is delay in EPF contributions. Know about EPF account's interest and what should employees do in such situations from mint - Money https://ift.tt/emGZNlB https://ift.tt/OKmSL7T
Having an emergency fund might make you feel secure and protect you from unforeseen financial issues. from mint - Money https://ift.tt/nmYPbfi https://ift.tt/OKmSL7T
India's largest private sector lender HDFC Bank has hiked its interest rates on bulk fixed deposits (FDs) of ₹more than 2 Crore to ₹5 Crores. from mint - Money https://ift.tt/vZjmgEI https://ift.tt/OKmSL7T
NPS vs PPF: The volatility of NPS is usually compensated by the debt segment of the National Pension System from mint - Money https://ift.tt/vxO0Dk3 https://ift.tt/OKmSL7T
South Indian Bank's 1-year MCLR will be at 9.35% from February 20th --- a hike of 15 bps from the current rate of 9.20%..The new rates will come into effect from February 20th. from mint - Money https://ift.tt/6GwSInj https://ift.tt/OKmSL7T
Mutual fund return calculator: One can accumulate ₹20 crore in 25 years by maintaining 15% SIP step up annually from mint - Money https://ift.tt/3pKXdiF https://ift.tt/kpYXTvO
The issue will open on February 20, and close on March 3. The NCDs are proposed to be listed on BSE Limited and the allotment will be on first-cum-first-serve basis from mint - Money https://ift.tt/98ra2sk https://ift.tt/kpYXTvO
As per the provisions of the Income-tax Act, 1961, the accumulated balance due and becoming payable to an employee participating in a recognised PF, is exempt in the hands of the employee to the extent provided in rule 8. from mint - Money https://ift.tt/wRN1oxD https://ift.tt/kpYXTvO
Before starting investment, it is important to explore all the existing options of investment by considering their pros and cons. Here is the list of top tax saving investment options for 2023 from mint - Money https://ift.tt/InLHoe7 https://ift.tt/kpYXTvO
To be clear, bank deposits are the most preferred product for retail investors. The objective of my recommendation is to leverage the ‘most popular’ product and not to change any of its attributes for retail investors. Retail CDs can help build an ecosystem that serves every stakeholder’s interests from mint - Money https://ift.tt/oSctRuA https://ift.tt/kpYXTvO
Understanding the role of ‘finance’ in contemporary culture, a lack of financial literacy can be extremely detrimental to a person's long-term financial performance. from mint - Money https://ift.tt/C4RIEKx https://ift.tt/Uvtng1c
The private sector lender IndusInd Bank has hiked its interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/X2SFn6P https://ift.tt/Uvtng1c
The private sector lender DCB Bank has hiked its interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/81j4OGb https://ift.tt/Uvtng1c
In response to rising fixed deposit rates triggered by the RBI's last update on February 8, 2023, which increased the repo rate by 25 basis points to 6.50%, the public sector lender Bank of Maharashtra (BoM) has increased interest rates on fixed deposits under ₹2 Cr. from mint - Money https://ift.tt/ylOWeXk https://ift.tt/Uvtng1c
Following the RBI repo rate hike, the State Bank of India, Bank of Baroda, Bank of India, Punjab National Bank, and Indian Overseas Bank have increased their lending rates from mint - Money https://ift.tt/EpfO3Is https://ift.tt/Uvtng1c
For most people, a personal loan is the answer to their immediate financial crisis.The benefits of loan balance transfer may be limited if you have repaid most of the existing loan from mint - Money https://ift.tt/BqjMHtK https://ift.tt/tLCxdEX
Multiple cards can mean multiple payment dates to track. If you miss a due date, you will need to pay a late fee and other penalties, and your credit score will take a hit. You can even fall into a debt trap if you overshoot your expenses. from mint - Money https://ift.tt/J2qd0oS https://ift.tt/tLCxdEX
SBI has hiked interest rates by 5 bps to 25 bps on fixed deposits below ₹2 crore with effect from February 15. Also, the bank introduced a specific tenure scheme of 400 days where it is offering a 7.10% rate. from mint - Money https://ift.tt/filqduN https://ift.tt/tLCxdEX
Meanwhile, foreign selling in equities hit a seven-month high of $3.51 billion in January 2023 from mint - Money https://ift.tt/4dXHsiL https://ift.tt/tLCxdEX
As investors make conscious investing decisions, their overall preference towards investing in dips is evident from the magnitude of flows into small and mid-cap stocks from mint - Money https://ift.tt/y1NxZ8K https://ift.tt/tLCxdEX
As investors make conscious investing decisions, their overall preference towards investing in dips is evident from the magnitude of flows into small and mid-cap stocks from mint - Money https://ift.tt/y1NxZ8K https://ift.tt/tLCxdEX
Once the ancestral property is partitioned, it ceases to have the character of ‘ancestral property’ and becomes ‘self-acquired property’ in the hands of the family member who has received it, which gives such family member an unfettered right to deal and/or dispose of such property. from mint - Money https://ift.tt/zQT0q8p https://ift.tt/kjl4GCN
The residential real estate market in India had astounding progress in 2022, setting new sales records of 68% YoY, further demonstrating the industry's prominence as one of India's fastest-growing industries. from mint - Money https://ift.tt/qzb1EtC https://ift.tt/kjl4GCN
Deduction for the differently-abled under section 80DD , which is for maintenance, including medical treatment, of a person with a disability as defined in this section, is also not available to NRIs. from mint - Money https://ift.tt/VGIcUeS https://ift.tt/kjl4GCN
Fincare Small Finance Bank (SFB) has hiked its interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/LuahjKS https://ift.tt/8KUlDdJ
The issue will open on February 20, and close on March 3. The NCDs are proposed to be listed on BSE Limited and the allotment will be on first-cum-first-serve basis from mint - Money https://ift.tt/6dZA49t https://ift.tt/8KUlDdJ
Nifty Next 50 Index had 14% weight in Adani group stocks, which nosedived after a report by Hindenburg from mint - Money https://ift.tt/tN1L9iW https://ift.tt/8KUlDdJ
The real estate industry is expected to have strong growth in 2023 as a result of technical advancement, acceptance of digitalization, the accomplishment of infrastructure investments in a stable manner, demand, and NRI investments in the nation. from mint - Money https://ift.tt/qgOwozs https://ift.tt/sL8IMxd
According to the effective slab rates on his or her total income falling under the old or new tax regime, every salaried employee would be subject to taxation. from mint - Money https://ift.tt/1stTqvx https://ift.tt/sL8IMxd
The proposals in Finance Bill 2023 relating to Income-tax amendments can be widely considered to have received mixed reactions from the high-net-worth individual (HNI) community. from mint - Money https://ift.tt/Xh9ve0c https://ift.tt/sL8IMxd
The private sector lender Axis Bank has hiked its interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/40TUQoX https://ift.tt/29A7Zy3
New income tax regime: Tax rebate under Section 87A has been extended to new tax regime in budget 2023 from mint - Money https://ift.tt/PXw1I4g https://ift.tt/29A7Zy3
Among Plum’s clients, approximately 2% have already incorporated IVF covers under their group policy. Renowned companies such as Google and Flipkart have IVF covers in their corporate health policies from mint - Money https://ift.tt/XdmHNDn https://ift.tt/29A7Zy3
Incorporated in 1938, Jammu and Kashmir Bank (J&K Bank) is one of India's oldest private sector banks and a scheduled commercial bank. from mint - Money https://ift.tt/4xvp8SV https://ift.tt/29A7Zy3
Federal Bank, a private sector lender, raised its interest rates on savings accounts. According to the bank's official website, the new rates take effect on February 9, 2023. from mint - Money https://ift.tt/uYvGaXH https://ift.tt/29A7Zy3
We looked at the difference in post tax returns between mutual funds and exchange-traded funds. Here’s what we found from mint - Money https://ift.tt/HklBNz2 https://ift.tt/DE08wNk
Zero-cost plans are more expensive than regular term plans, meaning you will have to pay extra premiums for 20 years before being eligible for a refund. from mint - Money https://ift.tt/Yc3aXB2 https://ift.tt/DE08wNk
Meanwhile, foreign selling in equities hit a seven-month high of $3.51 billion in January 2023 from mint - Money https://ift.tt/qeKs2LO https://ift.tt/DE08wNk
As investors make conscious investing decisions, their overall preference towards investing in dips is evident from the magnitude of flows into small and mid-cap stocks from mint - Money https://ift.tt/OoUnPZW https://ift.tt/DE08wNk
Physical silver equivalent to the amount of silver purchased digitally will be stored in a certified bank-grade vault, which is audited by a third party trustee every day from mint - Money https://ift.tt/gKy3QMH https://ift.tt/DE08wNk
Provident Fund (PF): Seeing the volatility in the equity markets, people are looking towards the small saving schemes, which are backed by the Government to make some money from mint - Money https://ift.tt/4iIbTVJ https://ift.tt/DE08wNk
Over the past couple of years, one of India's fastest-growing industries has been the real estate industry. For PMAY houses, the Union Budget 2023–24 allocates Rs. 79,000 crore which is a rise of 66% from the previous year. from mint - Money https://ift.tt/eA7ExVO https://ift.tt/eEQpwzg
‘My team’s mantra has been ‘chappal ghiso’ (wear out your shoes). We have no choice but to work a little harder … We have to be more available, we have to be more innovative’ from mint - Money https://ift.tt/hx8bRFT https://ift.tt/eEQpwzg
As highly anticipated, the Reserve Bank of India raised its key repo rate by 25 basis points (bps) to 6.50% on Wednesday. from mint - Money https://ift.tt/rX3qG2S https://ift.tt/eEQpwzg
RBI repo rate hike: Amit Gupta, MD, SAG Infotech said that it will be closely scrutinised to see how much the banks increase their FD rates after the policy rate hike in February from mint - Money https://ift.tt/uI92XPH https://ift.tt/eEQpwzg
RBI's 25 bps repo rate hike: How this repo rate hike decision by the Reserve Bank of India (RBI) is going to impact one's monthly EMI from mint - Money https://ift.tt/skWl1Dy https://ift.tt/eEQpwzg
Succession certificate is a document that gives the right to inherit the assets to the legal heirs of those who die intestate. On the other hand if one makes a will, one can clearly define and choose specific beneficiary for a specific asset, unlike the default succession law. from mint - Money https://ift.tt/TGcRXDh https://ift.tt/ulrXfgj
In January 2023 bulletin, RBI said, lending and deposit rates of SCBs have continued to move higher since May 2022 in response to the 225 bps increase in the policy repo rate. from mint - Money https://ift.tt/YpBOxmM https://ift.tt/ulrXfgj
Mahila Samman Savings Certificate scheme will be made available for a two-year period up to March 2025 from mint - Money https://ift.tt/1XhORHD https://ift.tt/pjb02F4
Livemint spoke to 3 personal finance experts who suggested some options that you can explore in 2023 to build wealth outside the stock market from mint - Money https://ift.tt/hdJxQGD https://ift.tt/pjb02F4
Budget proposal makes amortization of debt taxable in hands of unitholders under ‘income from other sources’ from mint - Money https://ift.tt/kwZYF4X https://ift.tt/pjb02F4
Poor liquidity in stock lending & borrowing mechanism; tough to short stocks outside F&O from mint - Money https://ift.tt/tlxubSA https://ift.tt/pjb02F4
A rise in the interest rates on fixed deposits has been announced by Jana Small Finance Bank (SFB). The new rates are in effect as of today, February 6, 2023, according to the bank's website. from mint - Money https://ift.tt/nXfbOpx https://ift.tt/pjb02F4
Bandhan Bank, a private sector lender, increased interest rates on fixed deposits worth under ₹2 Cr by up to 50 bps. from mint - Money https://ift.tt/AQI2GiW https://ift.tt/il9WcRu
The NCDs have been rated AA+ by ICRA Ratings, and the outlook on long-term rating is stable. There are seven investment options for the NCDs, with ‘monthly’ or ‘annual’ interest payment frequency or ‘on maturity redemption’ payment with coupon ranging from 7.75% p.a to 8.6% p.a from mint - Money https://ift.tt/HXlTFNf https://ift.tt/il9WcRu
As per the provisions, the tax authorities can’t send an intimation under section 143(1) after the expiry of nine months from the end of the FY in which return is filed from mint - Money https://ift.tt/NmbrOVX https://ift.tt/il9WcRu
On the personal income tax front, the Hon'ble Finance Minister. Smt Nirmala Sitharaman made 5 major announcements for individuals in Budget 2023. from mint - Money https://ift.tt/ahdzDb4 https://ift.tt/il9WcRu
Last year, in September, the government raised DA by 4%, taking the rate to 38% with effect from July 1, 2022. This was an increase from 34% between January to June 2022. from mint - Money https://ift.tt/23K10zg https://ift.tt/il9WcRu
In the Union Budget 2023, Finance Minister Nirmala Sitharaman announced significant adjustments to the new income tax regime, including reduced tax rates and a tax rebate on annual income up to ₹7 lakh. from mint - Money https://ift.tt/FbA2Ysf https://ift.tt/SPE1YZT
The supply of credit remains an undeniable catalyst for the growth of the Indian economy. In its journey to becoming a US$5 trillion economy, India requires a credit supply that amounts to ~50% of that targeted economy size. from mint - Money https://ift.tt/oZYOwAR https://ift.tt/SPE1YZT
Among the key highlights of new tax regime would be, the exemption limit to the salary of ₹7 lakh. This means, a taxpayer whose income is ₹7 lakh will not be required to pay any tax. But this is not the case with the old regime, where the exemption limit is ₹5 lakh. from mint - Money https://ift.tt/RDynKd6 https://ift.tt/SPE1YZT
The regulator’s consultation paper talks of adoption of trail commissions, and introduction of direct plans in AIFs. from mint - Money https://ift.tt/DqiFsAf https://ift.tt/SPE1YZT
PF withdrawal rule: Under income tax rules, provident fund amount withdrawn before five years of PF account opening, whole taxable amount is taxable from mint - Money https://ift.tt/EzvrkeQ https://ift.tt/SPE1YZT
Income tax calculator: In National Pension System (NPS) scheme, an earning individual is given an additional ₹50,000 tax deduction under Section 80CCD (1B) from mint - Money https://ift.tt/Cr8Obe2 https://ift.tt/SPE1YZT
Making the new income tax regime the default option was one of several changes to the country's income tax structure that India's finance minister Nirmala Sitharaman proposed in her Budget 2023 speech. from mint - Money https://ift.tt/qKHeLU0 https://ift.tt/Qe9vkfT
In her budget speech, Sitharaman promised a rise in the annual standard deduction from Rs. 50,000 to Rs. 52,000. from mint - Money https://ift.tt/CvV9lgh https://ift.tt/Qe9vkfT
Quant’s equity schemes had come under pressure due to its exposure to Adani group stocks, which corrected singnificantly after the short-seller Hindenburg’s report from mint - Money https://ift.tt/Dinv8fp https://ift.tt/Qe9vkfT
If the aggregate amount of deductions and exemptions that you are eligible to claim under the old tax regime is more than the breakeven threshold that matches the income level, then you would be better off sticking to the old tax regime. Otherwise, it is better to move to the new tax regime from mint - Money https://ift.tt/eYIPAMU https://ift.tt/Qe9vkfT
Most of the budget proposals this year brought cheer for taxpayers on many counts but bond investors had a reason to worry from mint - Money https://ift.tt/vD1lyO2 https://ift.tt/G3n1vwe
Budget 2023 has finally plugged a loophole that was exploited by homebuyers, particularly those who had availed of home loans from mint - Money https://ift.tt/PXDiMZT https://ift.tt/G3n1vwe
Section 54 of present tax laws allows you exemption on long term capital gains on sale of a residential house if you invest the indexed long term capital gains for purchasing or constructing a resident house within specified time limits from mint - Money https://ift.tt/TzYurwL https://ift.tt/G3n1vwe
The NCDs have a face value of ₹1000 each, aggregating up to ₹ 122 crore with an option to retain over-subscription of up to ₹122 crore from mint - Money https://ift.tt/FvS2PfG https://ift.tt/G3n1vwe
New income tax regime: Under Section 87A, a taxpayer is given tax rebate of ₹25,000 in both new and old tax regime from mint - Money https://ift.tt/bsyiNpu https://ift.tt/G3n1vwe
Nirmala Sitharaman, the Union Finance Minister, forecasted a fiscal deficit of 5.9 per cent of GDP in FY24 in her budget address. from mint - Money https://ift.tt/yJwtCBO https://ift.tt/ZVKo5Du
In budget 2023, FM Nirmala Sitharaman announced that there will be no capital gain tax on conversion of physical gold to Electronic Gold Receipt (EGR) or e-gold and vice versa from mint - Money https://ift.tt/r0envqM https://ift.tt/ZVKo5Du
New income tax rule: From 1st April 2023, insurance proceeds on premium above ₹5 lakh per annum would become taxable from mint - Money https://ift.tt/aBVTp03 https://ift.tt/ZVKo5Du