I am Wealthy at 23

The EPFO issued a circular on 23 April in which it stated that applications and joint options for higher pension will be examined by the field office from mint - money https://ift.tt/UMi6oej https://ift.tt/sU21dXO

Some new issues are linked to internal metrics, such as a company’s net worth, and may offer LTCG tax benefit from mint - money https://ift.tt/8FQ7sAd https://ift.tt/sU21dXO

In order to provide investors with a diverse portfolio, hybrid mutual funds are a form of investment vehicle which typically invests in a blend of stocks, bonds, and other assets. from mint - money https://ift.tt/3BKtZox https://ift.tt/sU21dXO

Considering that they are issued by the government, tax-free bonds and Public Provident Fund (PPF) are two examples of investments that are considered as low-risk investments for tax savers. from mint - money https://ift.tt/TYD0bBs https://ift.tt/evOPhAB

A popular tax-saving investment under Section 80C of the Income Tax Act of 1961 is the Equity Linked Savings Scheme, or ELSS.? from mint - money https://ift.tt/PtnvdG8 https://ift.tt/evOPhAB

Mutual funds: To achieve ₹100 crore investment goal in 30 years, one needs to maintain 20% annual SIP step up, say wealth management experts from mint - money https://ift.tt/XwB1tQd https://ift.tt/A2mNZta

The Income Tax Department has enabled excel utilities or offline versions of ITR 1 & 4 for the financial year (FY) 2022-23, or AY 2023-24. from mint - money https://ift.tt/zFo1MUe https://ift.tt/A2mNZta

ITR filing: Life insurance premiums paid by an individual for life cover taken for self, spouse, and children are eligible for the deduction u/s 80C from mint - money https://ift.tt/eh8fnWR https://ift.tt/A2mNZta

The recent statement by Finance Minister Sitharaman indicates growing concern around the impact of finfluencers on the financial decisions of the general public from mint - money https://ift.tt/hbAOTfk https://ift.tt/A2mNZta

The Pension Fund Regulatory and Development Authority (PFRDA) has issued a circular mandating NPS subscribers to upload certain documents to ensure timely annuity income payments from mint - money https://ift.tt/vJ5KQe2 https://ift.tt/A2mNZta

Health insurance plans for family: The financial security of an individual is protected by having a medical insurance from mint - money https://ift.tt/BT8JKrc https://ift.tt/A2mNZta

Insurance policy can be ported as per norms issued by Irdai. Customers can switch from group policies to individual policies or from individual-to-individual policies. from mint - money https://ift.tt/lMbt4TE https://ift.tt/RHuDTXN

Long-term investors are better off investing their money in the stock market through SIPs from mint - money https://ift.tt/n8jNwSU https://ift.tt/RHuDTXN

Experts believe that with liquidity becoming tighter and credit demand remaining strong, lending institutions are in the race to acquire the maximum deposits. SFBs are offering FD rates that are 75-100 basis points higher than those offered by PSBs and private banks. from mint - money https://ift.tt/kNv1GBq https://ift.tt/RHuDTXN

Insurers should consider taking several actions to safeguard their business and policyholders’ interests. from mint - money https://ift.tt/RFGse75 https://ift.tt/RHuDTXN

New income tax regime vs old: If you're one of those who are struggling to decide between the two , these tips can help you in making the correct choice at the last minute from mint - money https://ift.tt/b2Pdx94 https://ift.tt/RHuDTXN

Nine money lessons to learn from Oscar-winning Hollywood actor Nicholas Cage’s multi-million dollar debt trap from mint - money https://ift.tt/2z8qkcx https://ift.tt/RHuDTXN

The covid-19 pandemic induced lockdowns gave working professionals an opportunity to move away from the hustle and bustle of metros to the relative quietness of non-metros. However, with most companies calling their employees back to the workplace, the work-from-home chapter is almost ending. Many employees would still like to settle down in non-metros, mostly as retirees. Some have already bought houses in these non-metros or are building one. from mint - money https://ift.tt/N5lotLK https://ift.tt/I6Kh1PZ

Higher pension from EPFO: The last date to submit the application for the higher pension under the EPS is 3 May 2023 from mint - money https://ift.tt/cEUgyfu https://ift.tt/I6Kh1PZ

Money saving tips: Concession for women borrowers in home loan interest rates by banks, NBFCs from mint - money https://ift.tt/76hd40s https://ift.tt/I6Kh1PZ

A person can bequeath their assets to any person of their choice without needing NOC from their children. However, the applicable personal law should be kept in mind, and a lawyer should be consulted. A bungalow's 50% ownership can be transferred to a spouse through a registered gift deed or a will. from mint - money https://ift.tt/o7lKDHA https://ift.tt/4oEyQcz

International travel was the top reason why Indians spent money abroad in fiscal 2022, but prices have soared in tandem with the increase in travel demand. However, Southeast Asian countries are becoming a popular alternative to Europe and the US for Indians, with lower airfare and accommodation costs. Holiday apartments and BnBs are also cheaper alternatives to hotels, and public transport is reliable in countries such as Japan and Thailand. However, visa costs and restrictions should not be ignored while planning a holiday. from mint - money https://ift.tt/WVA8eaz https://ift.tt/4oEyQcz

To accumulate a corpus of ₹10 crore at the age of 60, you need to make monthly investments as follows depending on your current age and risk appetite from mint - money https://ift.tt/7gqKMnQ https://ift.tt/4oEyQcz

Income tax rules: Income from sale of any capital asset including a residential house is taxed as capital gains after deducting the cost of acquisition from the net sale proceeds from mint - money https://ift.tt/9ZCRKiV https://ift.tt/4oEyQcz

The earlier you start your journey towards being financially independent, the better off you will be in amassing huge wealth and becoming rich from mint - money https://ift.tt/Yi9HBKM https://ift.tt/4oEyQcz

Parekh says that hybrid asset allocation funds cushions volatility and is useful when there is market correction. from mint - money https://ift.tt/Ix8D2eT https://ift.tt/EoDAyvM

Track down hidden recurring costs, binge strategically and consider free alternatives from mint - money https://ift.tt/4trvDsZ https://ift.tt/EoDAyvM

The EPFO issued a circular on 23 April in which it stated that applications and joint options for higher pension will be examined by the field office from mint - money https://ift.tt/p2Zvr4q https://ift.tt/EoDAyvM

Cheap availability of battered stocks, expectations that the scrips could see a rebound make these a popular pick. from mint - money https://ift.tt/evWa2qM https://ift.tt/EoDAyvM

Startups tried to bypass salespeople but now embrace them from mint - money https://ift.tt/MLbD31r https://ift.tt/6Vz5JaQ

In case you are not willing to sell the property, you can partition the property amongst the eligible members to effect the full partition of the HUF from mint - money https://ift.tt/DIdEotS https://ift.tt/6Vz5JaQ

Digital gold as an investment type has emerged as a result of the digital revolutions in the gold market. from mint - money https://ift.tt/xEkCLPc https://ift.tt/6Vz5JaQ

SIP calculator: If an investor invests ₹15,000 per month 15 years maintaining annual step up of 15%, he may expect ₹2 crore maturity amount, says15 x 15 x 15 rule of mutual funds from mint - money https://ift.tt/HdNhGAu https://ift.tt/5kcmbDt

Physical gold vs digital gold vs Gold ETFs vs SGB vs Gold Mutual funds: Your investment options for Akshaya Tritiya from mint - money https://ift.tt/0KniS53 https://ift.tt/5kcmbDt

Experts said, traditionally, gold has been a preferred investment during auspicious occasions. But with significant investor interest, Gold ETFs also have become an attractive investment avenue. from mint - money https://ift.tt/Nek1IBU https://ift.tt/5kcmbDt

Debt MFs saw significantly higher inflows in March due to changes in taxation norms. from mint - money https://ift.tt/8tpE6z7 https://ift.tt/5kcmbDt

All Indian residents have access to the National Pension System (NPS), a voluntary defined contribution pension plan governed by the Pension Fund Regulatory and Development Authority (PFRDA). from mint - money https://ift.tt/eMfiNSB https://ift.tt/5kcmbDt

Making a budget is the most crucial financial duty, but it is useless if it is not realistic and includes matters like saving for a child's education. from mint - money https://ift.tt/0rA3heQ https://ift.tt/0dbncsS

India's Securities and Exchange Board has unveiled a series of reforms for the Alternative Investment Fund sector, which includes new disclosure norms and direct investor access. The reforms, which will come into effect on 1 May, aim to increase transparency, curb mis-selling and enable direct investor access without intermediaries. AIFs require a minimum investment amount of INR10m ($136,000) and are predominantly driven by the distribution model. The AIF sector grew at the fastest rate of 50% CAGR during 2017-2022, as per a Crisil report. from mint - money https://ift.tt/WDoQRUs https://ift.tt/0dbncsS

For many people, the idea of stopping work is a nonstarter—an inevitable path to boredom, ill health and a life devoid of meaning from mint - money https://ift.tt/ErzYDo6 https://ift.tt/0dbncsS

For the period from the date of tax deduction till the end of the year, the taxpayer does not get any interest at all. from mint - Money https://ift.tt/S5ovO4b https://ift.tt/SsyKVHB

Over the past few days, you might have come across many advertisements making indirect reminders that buying gold on the auspicious day of Akshaya Tritiya also known as Akti or Akha Teej will make you rich. from mint - Money https://ift.tt/SnjpzhL https://ift.tt/SsyKVHB

National Savings Certificate (NSC) is a fixed income post office savings scheme from mint - Money https://ift.tt/YhA1FwZ https://ift.tt/4OZELU8

Taxpayers have the option to select whether they want to be in the old tax regime or switch to the new tax regime while filing their income tax returns from mint - Money https://ift.tt/aCRjtY1 https://ift.tt/4OZELU8

Confused over new income tax regime vs old income tax regime. Decide with utmost care to avoid excessive deductions from mint - Money https://ift.tt/Nq4bkJe https://ift.tt/4OZELU8

Experts share investment strategy for better management of your money, and how budgeting can become an effective tool to help you achieve your financial goals from mint - Money https://ift.tt/p3tLEfT https://ift.tt/4OZELU8

It is pertinent to note that no landlord can deprive the tenant of essential services such as electricity, water, lighting in the passage, etc. from mint - Money https://ift.tt/FWkefl4 https://ift.tt/4OZELU8

Experts share investment strategy for better management of your money, and how budgeting can become an effective tool to help you achieve your financial goals from mint - Money https://ift.tt/p3tLEfT https://ift.tt/4OZELU8

It is pertinent to note that no landlord can deprive the tenant of essential services such as electricity, water, lighting in the passage, etc. from mint - Money https://ift.tt/FWkefl4 https://ift.tt/4OZELU8

Pandemic whiplash and inflation make managing a budget a challenge for young people from mint - Money https://ift.tt/7gbRZ5H https://ift.tt/9HaVZPL

Nippon India Mutual Fund has announced to decrease expense ratio on its Nifty 50 ETF from 0.05% to 0.0374% from mint - Money https://ift.tt/x1H72n4 https://ift.tt/9HaVZPL

How are post office FD different from bank term deposits? Where should you put your money. Read this to know more from mint - Money https://ift.tt/u5b42rN https://ift.tt/9HaVZPL

An individual sold a flat and invested the taxable portion after indexation in REC bonds. LTCG must be reported in Schedule CG and any deduction claimed under Section 54EC in Part-D, serial no. 1 of Form ITR 2. TDS must also be reported in the tax payment schedule. from mint - Money https://ift.tt/pTq65mt https://ift.tt/9HaVZPL

Banks may be willing to give you a bigger home loan. But there’s a catch.The home loan amount that one can get from any lender goes down as interest rates go up. The vice versa is also true in this case from mint - Money https://ift.tt/xCcTD26 https://ift.tt/9HaVZPL

PPFAS Mutual Fund's CIO, Rajeev Thakkar, advises avoiding mid- and small-cap stocks due to unattractive valuations. His portfolio has a large concentration in PPFAS MF, with 66% in unlisted shares and 33% in its flagship scheme. Thakkar's advice to investors is to keep modest expectations and not to tinker with investments that could lead to tax leakages. He also suggests maintaining a stable asset allocation and letting investments compound over time. Thakkar's asset allocation has remained largely the same over the last year, except for reducing debt exposure to 2%. He has no plans to invest in real estate, but Reits seem interesting. from mint - Money https://ift.tt/cuJoQvF https://ift.tt/9HaVZPL

A long-term investment is an investment approach in which an investor purchases assets and maintains them for a long run, usually more than five years, in accordance with his or her risk tolerance. from mint - Money https://ift.tt/EN0HmsI https://ift.tt/BbJWxuS

Bond yields responded favourably to the monetary policy announcement when the RBI opted to hold the repo rate against the street expectation of 25 bps. from mint - Money https://ift.tt/LoauxhK https://ift.tt/BbJWxuS

Investments in mutual funds can be beneficial for building wealth over the long term, but they are also subject to a variety of risks. from mint - Money https://ift.tt/b40sKkO https://ift.tt/s7OoC24

Home insurance is a form of insurance policy that offers financial security for your residence and personal items against losses brought on by property damage, such as coverage for liability, theft, or natural catastrophes. from mint - Money https://ift.tt/p6NJ8bo https://ift.tt/s7OoC24

The Income Tax Act of 1961 governs property tax as well as other indirect taxes like GST and stamp duty. from mint - Money https://ift.tt/DPHpGOw https://ift.tt/s7OoC24

Mutual fund SIPs are an excellent method to accumulate wealth and manage your portfolio. from mint - Money https://ift.tt/mJDsodO https://ift.tt/s7OoC24

The return on post office time deposits of two years is the same as offered by most top banks, including the State Bank of India (SBI) on deposits of similar maturity from mint - Money https://ift.tt/EFpdrYK https://ift.tt/s7OoC24

ITR filing: It's easy to find loss harvesting stocks from IT segment as Nifty IT index has shed 17.5% in last one year and it is still looking weak on chart pattern, say experts from mint - Money https://ift.tt/xA7iws5 https://ift.tt/s7OoC24

Investors in term deposits are now unsure as to whether interest rates for FDs have reached their peak in the present cycle or if it will take some time from mint - Money https://ift.tt/Y5macnL https://ift.tt/5mkjMlD

Central government has increased Sukanya Samriddhi Yojana interest rate for April to June 2023 from 7.6% to 8% from mint - Money https://ift.tt/uazrUcM https://ift.tt/5mkjMlD

Investors in term deposits are now unsure as to whether interest rates for FDs have reached their peak in the present cycle or if it will take some time from mint - Money https://ift.tt/Y5macnL https://ift.tt/5mkjMlD

Central government has increased Sukanya Samriddhi Yojana interest rate for April to June 2023 from 7.6% to 8% from mint - Money https://ift.tt/uazrUcM https://ift.tt/5mkjMlD

Telematics insurance involves the collection and analysis of personal data from mint - Money https://ift.tt/Omopd9G https://ift.tt/5mkjMlD

It is pertinent to note that no landlord can deprive the tenant of essential services such as electricity, water, lighting in the passage, etc. from mint - Money https://ift.tt/8TXKUfP https://ift.tt/5mkjMlD

Irdai wants insurers to ensure fair and transparent competition among agents, besides cost-effective distribution from mint - Money https://ift.tt/E8FYPwJ https://ift.tt/5mkjMlD

Zerodha had received in-principal approval from Sebi on its mutual fund application in September 2021 from mint - Money https://ift.tt/DBY6Sbi https://ift.tt/Iw6aWLn

The new index— Nifty Reits and InvITs index—aims to track the performance of Reits and InvITs that are publicly listed and traded on the NSE from mint - Money https://ift.tt/q6hsJtB https://ift.tt/Iw6aWLn

Gold does not beat equity over a multi-decade period, but it is a great diversifier in the portfolio from mint - Money https://ift.tt/oHpnJyl https://ift.tt/Iw6aWLn

Rental income from commercial and residential real estate is typically the most favoured choice when it comes to additional sources of income. from mint - Money https://ift.tt/YnUJZQb https://ift.tt/Iw6aWLn

Annuity means fixed sum of money paid to a subscriber at a set frequency for the rest of their life. from mint - Money https://ift.tt/XJ7rRtK https://ift.tt/Iw6aWLn

Estate planning is a process of preparing for the management and distribution of your assets and liabilities in case of your death or incapacity. Read on to know which assets you can invest in: from mint - Money https://ift.tt/25MFS8d https://ift.tt/WkwzNuS

Loans before 2020 have a significantly higher markup than those issued recently from mint - Money https://ift.tt/85fcBxn https://ift.tt/WkwzNuS

Kamath believes that markets are expensive, has increased his allocation to gold from 2% in 2021 to 15% last year from mint - Money https://ift.tt/0lONQi8 https://ift.tt/WkwzNuS

The stable city-state of Singapore is a favourite destination from mint - Money https://ift.tt/aJ0NPXk https://ift.tt/WkwzNuS

The head of Edelweiss AMC has already started a systematic investment plan for her nine-month-old baby from mint - Money https://ift.tt/EF3I1yA https://ift.tt/Kk1aOAU

In the Budget 2023, Finance Minister Nirmala Sitharaman made revisions to the income tax slab rates under the new tax regime. from mint - Money https://ift.tt/DtCz7qW https://ift.tt/Kk1aOAU

Equity Linked Savings Scheme, commonly known as ELSS, is a type of mutual fund that enables investors in India to build long-term wealth and achieve returns that outperform inflation while also providing tax benefits under section 80C. from mint - Money https://ift.tt/eQjCW5s https://ift.tt/Kk1aOAU

Bank account holders can transfer funds from their bank accounts to a PO savings account and vice versa by using NEFT and RTGS services. from mint - Money https://ift.tt/e1iYRb0 https://ift.tt/Kk1aOAU

Once the account is continued without deposits for more than a year, the account holder shall not have the option again to continue the account with deposits from mint - Money https://ift.tt/1VzyvBS https://ift.tt/Kk1aOAU

Retirement benefits are cash advantages received by retired people in their golden years. from mint - Money https://ift.tt/4jsaoKH https://ift.tt/ptzQqdr

On April 6, 2023, the Reserve Bank of India (RBI) held its bimonthly monetary policy meeting and chose to leave the repo rate at 6.5%. from mint - Money https://ift.tt/mlSoZB5 https://ift.tt/ptzQqdr

Income tax expert Balwant Jain believes that purchase of the other plot by you in your wife’s name will be treated as gift made by you to your wife from mint - Money https://ift.tt/1eztB7R https://ift.tt/ptzQqdr

Mutual fund investors may look at liquid funds, ultra short duration fund, short duration fund and dynamic bond funds after interest rate pause by RBI from mint - Money https://ift.tt/H6vOJbZ https://ift.tt/ptzQqdr

They are woke, broke and complicated. Businesses should take note from mint - Money https://ift.tt/sk8BDaT https://ift.tt/ptzQqdr

Investors in term deposits are now unsure as to whether interest rates for FDs have reached their peak in the present cycle or if it will take some time from mint - Money https://ift.tt/ysrFn7v https://ift.tt/ptzQqdr

Central government has increased Sukanya Samriddhi Yojana interest rate for April to June 2023 from 7.6% to 8% from mint - Money https://ift.tt/ZWBEsVI https://ift.tt/B1iAgDN

Deepak Shenoy says he has sufficient resources to buy a home, is financially comfortable now.Shenoy says the debt markets are in a state of flux, so it is not wise to bet on any particular duration segment from mint - Money https://ift.tt/BhXNCfc https://ift.tt/B1iAgDN

Bhavesh Kothari, Founder & CEO, of Property First said, Home loan rates would have reached a record high if the RBI MPC had increased the repo rate by 25 basis points, as was predicted by industry experts, keeping in view the inflationary pressure. from mint - Money https://ift.tt/pv59AXr https://ift.tt/B1iAgDN

The Pension Fund Regulatory and Development Authority manages the National Pension System (NPS), a government-backed pension programme. from mint - Money https://ift.tt/jNMCblX https://ift.tt/zqpWYiv

As equity investments have a higher risk but higher reward ratio, they are attractive for portfolios to construct a hedge against inflation. from mint - Money https://ift.tt/JdGPs27 https://ift.tt/zqpWYiv

RBI policy meeting outcome is going to have positive impact on Indian bond yield, believe investment experts from mint - Money https://ift.tt/QC6Gcx0 https://ift.tt/zqpWYiv

The recent tax changes have created three categories in mutual fund taxation from mint - Money https://ift.tt/LPTCNVd https://ift.tt/zqpWYiv

Gold was best performer in FY23 but equity is the best asset class in the long term, show data compiled by Mint.Asset allocation has been a time-tested method to contain losses in any market scenario from mint - Money https://ift.tt/JbVzgPq https://ift.tt/zqpWYiv

As part of the Shriram Group's golden jubilee celebrations, Shriram Finance Limited (SFL), India's largest retail NBFC, announced a special fixed deposit rate under the Jubilee Deposit (Shriram Unnati Deposits) category. from mint - Money https://ift.tt/iW80ksT https://ift.tt/zqpWYiv

In an interaction with Mint, Srikanth Subramanian opened up on Kotak Cherry’s journey since its launch in June last year and its future plans. from mint - Money https://ift.tt/evDMVLd https://ift.tt/gmTki8M

The debt mutual funds (MFs) have been gaining scale in India driven by the massive increase in the volume of debt securities. from mint - Money https://ift.tt/Z9i3brx https://ift.tt/gmTki8M

The government's prerogative is to commence collecting new TDS from April 1 on winning proceeds withdrawn from online gaming. from mint - Money https://ift.tt/jBD9lw4 https://ift.tt/gmTki8M

Fixed deposit interest rates are on the rise, and the majority of banks are now promising returns that outpace inflation as a result of the Reserve Bank of India's (RBI) uptick in the repo rate of 250 basis points (bps) since May 2022. from mint - Money https://ift.tt/4FQGxWP https://ift.tt/gmTki8M

Investors are puzzled about whether to purchase debt mutual funds before March 31st because the indexation benefit would end starting from April 1, 2023. from mint - Money https://ift.tt/ZucPQ5R https://ift.tt/gmTki8M

The Income Tax Department issues an income tax notice for a number of reasons under a number of provisions. from mint - Money https://ift.tt/1mJ5Wz2 https://ift.tt/gmTki8M

Last week, portfolio manager Morningstar Investment Adviser India made a surprise announcement: It was winding up its portfolio management services (PMS) business in the country from mint - Money https://ift.tt/jhOxGEC https://ift.tt/gmTki8M

Check your travel insurance policy's terms and conditions to see if it covers COVID-19 related expenses. Some insurers have updated their policies to cover medical treatment, quarantine expenses, and trip cancellation or interruption due to COVID-19. Contact your insurer for any clarifications. from mint - Money https://ift.tt/M5hc1Z0 https://ift.tt/NM34PSO

According to the govt, there was a 68% rise in students going abroad in 2022 from mint - Money https://ift.tt/oQrXiU2 https://ift.tt/NM34PSO

Gaining or losing money tests shared values, beliefs or assigned roles within the relationship from mint - Money https://ift.tt/YVWABnq https://ift.tt/NM34PSO

Anupam Gupta advised not to invest in small, mid-cap mutual funds for short term goals from mint - Money https://ift.tt/rmXvT8O https://ift.tt/NM34PSO

Mohanty says he has restructured his debt portfolio and also shifted to art for his alternative investments from mint - Money https://ift.tt/fFtTSda https://ift.tt/NM34PSO