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Showing posts from August, 2023

Mutual Funds: This investment trick will help you earn more while investing in large caps

Index investing in large-cap mutual funds is a simple and cost-effective strategy for retail investors. It offers stable returns and lower risk from mint - money https://ift.tt/rumKfyA https://ift.tt/y6on2DH

Income Tax Calendar 2023: All important deadlines that you should not miss in September

Income tax department's e-calendar for 2023 includes important tax deadlines, such as depositing tax and filing forms from mint - money https://ift.tt/2kp1iMR https://ift.tt/y6on2DH

Why digital gold investment is on rise ahead of festival season?

Demand for digital gold investments in India increases during festive periods due to customs, traditions, and the desire to commemorate special occasions with precious metals from mint - money https://ift.tt/MD9N8pi https://ift.tt/y6on2DH

Get a loan against your MFs but be wary of the caveats

Only 54% of retail money in India remained invested in equity mutual funds for more than two years in 2020, as investors redeem for various reasons. However, fintech platforms such as VoltMoney and Mirae Asset Financial Services are working to change this by offering loans against mutual fund units, providing short-term liquidity while allowing investments to continue growing. This approach circumvents capital gains tax, exit load charges, and unfavourable market timing, offering a versatile solution for various financial needs. However, experts caution that borrowing against MF holdings should be done strategically and with careful consideration of the risks involved. from mint - money https://ift.tt/lPMobH0 https://ift.tt/06R3w2W

This government-backed scheme may turn you into a crorepati. Here is how

'Mera Bill Mera Adhikaar' scheme to reward customers with cash prizes for uploading GST bills from mint - money https://ift.tt/T9PGoIV https://ift.tt/06R3w2W

Mutual Fund rule change to ₹2000 note: Seven monetary changes that may impact your money matters

September brings changes in money matters: Let's take a look at key money changes from mint - money https://ift.tt/JOVvTwK https://ift.tt/06R3w2W

ITR verification last day 2023: What happens if you miss the income tax return verification deadline

ITR verification last day 2023: Taxpayers must verify their ITR within 30 days of filing to avoid penalties. The income tax department aims to reduce processing time for tax refunds from mint - money https://ift.tt/Z6pJylo https://ift.tt/06R3w2W

How finfluencers use fake screenshots to run micro scams

Finfluencers in India are facing criticism for posting fake trading screenshots and videos to attract followers. They earn revenue from affiliate links provided by brokers and also sell trading courses. Regulators are proposing measures to prevent registered intermediaries from partnering with finfluencers. The rise of these influencers has increased the risk of fraud and a breakdown of trust in the financial system. from mint - money https://ift.tt/Ki6cCb4 https://ift.tt/06R3w2W

Cryptocurrency for Rakhi 2023: Thinking of gifting Bitcoin, Ether to your sister? Key things you should know

Rakhi festival sees a shift from traditional gifts to new-age assets like stocks, mutual funds, and cryptocurrency. Gifting crypto adds a modern twist to the tradition and promotes financial empowerment from mint - money https://ift.tt/3DIMTEm https://ift.tt/ZS9Q6ag

Raksha Bandhan 2023: Is gifting cash to your sister taxable? Income tax rules explained here

The gifts are taxable in the hands of therecipient under Section 56(2)(x) but gifts from certain specified relatives are outside the scope of this provision from mint - money https://ift.tt/H81YNsf https://ift.tt/ZS9Q6ag

How do nominees differ from legal heirs?

It is settled law that a nominee does not become the owner of the property. Nominee holds the property in trust for the legal heirs. from mint - money https://ift.tt/TACOXHS https://ift.tt/ZS9Q6ag

Why it is better to prepay part of your home loan EMIs regularly

Rising interest rates extend the tenure of home loans, so experts say it is wiser to opt for higher EMIs. from mint - money https://ift.tt/kavxXCM https://ift.tt/ZS9Q6ag

Which small savings scheme to prefer as PPF, bank fixed deposit fail to produce inflation-beating returns

Investors must ensure returns beat inflation; Indian retail inflation rate in July 2023 was 7.44%; bank FDs and PPF do not produce inflation-beating returns from mint - money https://ift.tt/f9QEe40 https://ift.tt/CtSpPaf

How the revamped income tax website will benefit taxpayers — explained

The revamped income tax website provides enhanced taxpayer services and a user-friendly interface with new features and modules from mint - money https://ift.tt/zNdYyEC https://ift.tt/CtSpPaf

Paying home loan EMI vs renting a house: Which option will save more money for you? Know here

Owning a home through a home loan offers equity growth, stability, tax benefits, and investment potential. Renting allows for short-term flexibility and initial cost savings from mint - money https://ift.tt/kxwa1Xz https://ift.tt/CtSpPaf

Why more homeowners are opting for an Airbnb listing over renting

It offers people a handsome monthly income stream that is significantly higher than a standard rental yield. from mint - money https://ift.tt/P3ZrneJ https://ift.tt/CtSpPaf

Edelweiss CEO Radhika Gupta shares '5 money tips' for youngsters who have just started earning

Radhika Gupta's 5 investment tips for young earners--invest early, right asset allocation, simple investments, setting goals, and enjoying your money. from mint - money https://ift.tt/GQrdOH4 https://ift.tt/i2dP4cE

Risk of using 4% rule for your FIRE journey

When it comes to saving for retirement, you face several risks—market fluctuations, rising living costs, risk of outliving your savings, etc. from mint - money https://ift.tt/1A3gD4v https://ift.tt/i2dP4cE

Have you put on extra kilos? Know how much it costs to cut the flab

Gym fees, fitness and exercise equipment, special diets are all expensive but tummy tucks cost you more. from mint - money https://ift.tt/Y0olX1E https://ift.tt/i2dP4cE

15% of people below 45 years fail to get health insurance because of THIS reason

Rising lifestyle diseases hinder health insurance for adults, with diabetes as the major obstacle from mint - money https://ift.tt/6c3zmvh https://ift.tt/i2dP4cE

Is it wise to prepay home loan — explained

Prepaying home loans can help homeowners save money and become debt-free faster, but it depends on individual circumstances from mint - money https://ift.tt/zorf4pl https://ift.tt/rnp4YGt

ITR verification: Income tax department has this important message for taxpayers. Read here

E-verification of ITRs is mandatory. Tax filers must e-verify their returns within 30 days of filing. from mint - money https://ift.tt/leQhPIY https://ift.tt/rnp4YGt

The hallmark of successful investing: patience, discipline and strategy

Some investors make the mistake of making direct stock picks just based on the portfolio disclosures of their mutual funds, to mimic the fund manager. from mint - money https://ift.tt/1YGXsu0 https://ift.tt/ewcHhs2

MFs not liable for bad calls; L&T MF case sets template

India's market regulator, Securities and Exchange Board of India (Sebi), has issued a show-cause notice to L&T Mutual Fund over its lack of transparency regarding fund management decisions. Sebi accused the asset management company of not providing detailed reasons for its buy-sell decisions. While Sebi did not impose a fine, the notice shed light on the internal decision-making processes at L&T Mutual Fund. The case highlights the need for industry participants to ensure transparency and analytical rigour in their investment decisions. from mint - money https://ift.tt/Snldw7P https://ift.tt/ewcHhs2

How can I turn my portfolio into a robust financial plan?

Currently, your cash and investments total ₹2.2 crore. Out of this, ₹97 lakh is invested in real estate and ₹10 lakh is the car loan outstanding. This leaves you with ₹1.23 crore. from mint - money https://ift.tt/6UNM7jK https://ift.tt/ewcHhs2

Post office RD vs SBI RD: Which offers the best recurring deposit interest rates?

Recurring deposits (RD) popular for fixed-income investors with maturities from 1 to 10 years. SBI and Post Office offer RD with interest rates below inflation rate from mint - money https://ift.tt/uOKmiNh https://ift.tt/ewcHhs2

Income tax refund: Govt plans to reduce refund processing time. Check details here

Income tax department plans to reduce tax refund processing time to 10 days from the current 16 days from mint - money https://ift.tt/4vGNEUu https://ift.tt/ewcHhs2

Will TDS apply despite capital loss from sale of property?

There has been a fair amount of debate in the past on whether TDS is to be made on the entire amount of sale consideration or only on the portion of income chargeable to tax. from mint - money https://ift.tt/slHoPkp https://ift.tt/ewcHhs2

Raksha Bandhan 2023: From SIPs to Gold ETFs to green FDs. List of financial gifts you can give your sister this Rakhi

Raksha Bandhan 2023: Financial gifts for sisters include SIPs, health insurance, savings accounts, digital gold, and stocks from mint - money https://ift.tt/wyBXUTa https://ift.tt/Vz5KtvF

The idea of financial freedom and early retirement is a flawed concept

The happiness of quitting a job and having all the time in the world appears to be thrilling at the start. from mint - money https://ift.tt/srNLMUi https://ift.tt/Vz5KtvF

New tax regime likely to have attracted 5.5 crore taxpayers in FY24: Report

Around 5.5 crore taxpayers may have switched to the new tax regime in FY24, as it offers a rebate on income up to ₹7 lakh. from mint - money https://ift.tt/YI534dD https://ift.tt/Vz5KtvF

Sorry, prenuptial agreements are not recognized in India

A prenup agreement is a contract signed by a couple before they get married and determines the ownership rights of their respective assets if the marriage fails later. from mint - money https://ift.tt/lxeB3jo https://ift.tt/YKeLFrS

Public Provident Fund (PPF) vs Sukanya Samriddhi Yojana (SSY) vs SCSS: Latest Post Office saving schemes rates compared

India Post offers eight deposit options including PPF, SSY, NSC, and SCSS with interest rates ranging from 6.5% to 8.2% from mint - money https://ift.tt/7u5U0Dm https://ift.tt/YKeLFrS

Six special pension schemes for senior citizens on World Senior Citizens Day. Details here

World Senior Citizens Day: The government has launched special pension schemes for senior citizens providing financial stability post-retirement from mint - money https://ift.tt/XYB93zH https://ift.tt/iPNU0Ky

Special fixed deposit (FD) schemes for senior citizens to invest in 2023. Interest rates, and other details here

Banks offer special fixed deposit schemes for senior citizens with higher interest rates, but the last date keeps changing. SBI, HDFC, and ICICI are among the banks offering these schemes from mint - money https://ift.tt/8YFfpe5 https://ift.tt/iPNU0Ky

FD interest rates for senior citizens: These seven banks offer above 9% returns on fixed deposits. Check here

Small finance banks offer higher interest rates on fixed deposits (FDs) to senior citizens. For example, Equitas Small Finance Bank offers 9% interest on FDs for senior citizens for 444 days from mint - money https://ift.tt/PL2r8Vq https://ift.tt/iPNU0Ky

World Senior Citizens Day 2023: From Mutual Funds to bank fixed deposits to PPF. Best investment options for elderly

World Senior Citizens Day 2023: It is important to consider prudent investment options that prioritize safety and steady returns for the elderly. Mutual funds, fixed deposits, PPF, post office savings schemes, and gold are all potential investment options to consider from mint - money https://ift.tt/KRTqfnQ https://ift.tt/iPNU0Ky

Diapers, doctors, schooling: know the costs of raising a child in India

Parents need to shell out ₹25-50 lakh on school fees over the years, another ₹15-50 lakh on higher education. from mint - money https://ift.tt/mzK207x https://ift.tt/iPNU0Ky

Best bank FD interest rates: SBI, HDFC Bank, ICICI Bank, Axis Bank, or Canara Bank. Latest fixed deposit rates here

Bank FD rates compared: What do SBI, HDFC Bank, ICICI, Axis, or Canara Bank offer, read below to know more from mint - money https://ift.tt/uFaw73x https://ift.tt/iPNU0Ky

The power of saving: How small money-saving habits can lead to big financial rewards

Saving money is a small step that can lead to big financial rewards, including financial security and empowerment. Starting to invest early can make a significant difference in the amount of money accumulated over time from mint - money https://ift.tt/Q7FrvZ9 https://ift.tt/GAIC19O

CBDT relaxes norms for rent-free homes provided by employers, take-home salary may increase

This new norms will come into effect from 1 September. from mint - money https://ift.tt/9COonkf https://ift.tt/GAIC19O

What every investor can expect from their equity saving funds

Equity saving funds can generate a little more than inflation over the longer term from mint - money https://ift.tt/aDbzwc2 https://ift.tt/1akRpq2

The trouble with having too many bank accounts

A depositors’ money is almost always safe. So, it makes no sense to have many accounts now from mint - money https://ift.tt/UoPwidb https://ift.tt/1akRpq2

Mutual funds: How to become crorepati via SIP without annual step-up

Investors can expect 12-16% returns on mutual fund SIPs in the long run, with a monthly SIP of ₹1 lakh making an individual a crorepati in 5 years and 10 months from mint - money https://ift.tt/XsyTLKD https://ift.tt/Y1IZ7eO

High home loan rates hits affordability; Mumbai becomes unaffordable: Report

Increase in home loan rates reduces affordability of residential properties in India, according to Knight Frank India. from mint - money https://ift.tt/uJ1qvVw https://ift.tt/Y1IZ7eO

Special fixed deposit: SBI extends Amrit Kalash FD scheme till this date. Interest rate, other details here

SBI extends the deadline for the Amrit Kalash FD scheme to December 31, 2023. Interest rates range from 7.1% to 7.6% from mint - money https://ift.tt/mRPp93U https://ift.tt/Y1IZ7eO

Should you opt for the new or old income tax regime?

From the ongoing financial year (FY) 2023-24, the new tax regime is the default regime. Taxpayers may opt for the old tax regime if the same is beneficial. from mint - money https://ift.tt/JkLaCpH https://ift.tt/Y1IZ7eO

Insurance: which intermediary is better for buying a policy?

Buyers should check if the intermediary is selling the right product and can also act in their best interests. from mint - money https://ift.tt/4idnK8e https://ift.tt/Y1IZ7eO

Income tax rules for X users: How income from Elon Musk's X (Twitter) will be taxed in India

Taxation of Twitter (X) earnings: Experts say it varies based on activity, income level, and expertise from mint - money https://ift.tt/t1WOq8E https://ift.tt/PTyI1z6

ITR filing: Maharashtra, Gujarat among top 5 states with nearly 50% total income tax returns filed, reveals SBI Report

Maharashtra, UP, Gujarat, Rajasthan, and West Bengal constitute 48% of income tax returns filed in AY23 from mint - money https://ift.tt/Kluq7Vh https://ift.tt/PTyI1z6

HDFC Bank, ICICI Bank, and Canara are among five banks that have hiked lending rates this month. Check full list here

Banks hike lending rates, including Canara Bank, HDFC Bank, ICICI Bank, Bank of Baroda, and Bank of India from mint - money https://ift.tt/Dhm3KiT https://ift.tt/PTyI1z6

Axis Bank, Canara Bank revise fixed deposit interest rates. Check latest FD rates here

Axis Bank and Canara Bank have revised interest rates on fixed deposits for amounts less than ₹2 crore. The new rates range from 3.5% to 7.3% from mint - money https://ift.tt/g30I4QC https://ift.tt/PTyI1z6

Five investment options for financial freedom in digital era

Investment options for financial freedom: ESG factors, digital payment systems, real estate, equity, global markets from mint - money https://ift.tt/n1IWXg9 https://ift.tt/PTyI1z6

Mirae Asset India chief bets big on India’s growth story

The flow of investments into equity mutual funds in India slowed to ₹7,625 crore in July from ₹8,367 crore the previous month. However, Swarup Mohanty, CEO and Director of Mirae Asset Investment Managers, believes there is still plenty of room for growth in the industry, with India's asset under management (AUM) as a percentage of GDP at just 15%, compared to the global average of 75%-80%. Mohanty also highlighted the potential of India's economy to double in size over the next 8-10 years and the increasing interest from Korean investors. He emphasized the need to convince younger generations, particularly Gen Z, to invest in mutual funds. from mint - money https://ift.tt/6phwuY0 https://ift.tt/PTyI1z6

Don’t redeem, take a loan against mutual funds

When we prematurely cash out our funds, we interrupt the magic of compounding—the secret sauce behind investment growth. Compounding is what makes your money work harder for you over time. from mint - money https://ift.tt/TSFkmt6 https://ift.tt/b7LFA3t

Can AA systems and AI unlock innovation in mutual funds?

Mint mutual funds conclave debates the role of data sciences, AI and machine learning in fostering innovations. from mint - money https://ift.tt/cdwgVEo https://ift.tt/b7LFA3t

Independence Day 2023: How women can attain freedom through financial empowerment

Financial education empowers women to take control of their finances. Mutual funds can enhance this education. Women should prioritise safeguarding their financial future by taking control of their funds and seeking genuine financial advice from mint - money https://ift.tt/wROuYa1 https://ift.tt/cLhj1H4

How is sale of agricultural land taxed?

Documents such as registered purchase deed, registered sale deed, gift deed, copy of bank statements, etc. may be maintained for income-tax purposes. from mint - money https://ift.tt/EgFYmB4 https://ift.tt/cLhj1H4

It’s now time to regulate invoice discounting

Retail investors often perceive invoice receivables as substantial collateral that guarantees capital protection from mint - money https://ift.tt/1IQPMiq https://ift.tt/cLhj1H4

Content creators' income from ‘X’ will be subjected to GST? Experts say…

Elon Musk recently announced that users with more than 15 million organic impressions in three months will be eligible for the revenue sharing programme. from mint - money https://ift.tt/0Ye8y4R https://ift.tt/cLhj1H4

Online AI fraud: Beware of scamsters using video call trick to con you

New online fraud technique: Fraudsters use 'Deep Fake' and 'Air Intelligence' to make video calls from known individuals, asking for money due to financial emergencies from mint - money https://ift.tt/HZqiabd https://ift.tt/B2Fqf9y

Exchange Traded Funds: Investing in ETFs? Nithin Kamath's Zerodha shares five things investors should know about

Exchange Traded Funds or ETFs have grown in popularity. They can only be traded through stock exchanges, and need a Demat account from mint - money https://ift.tt/Vh5tPrq https://ift.tt/B2Fqf9y

These investment ideas may give more returns in the long term

The surge in India's mutual fund industry reflects an appetite for equity and financial literacy; experts suggest long-term investment ideas from mint - money https://ift.tt/R8gukvy https://ift.tt/B2Fqf9y

Senior Citizens fixed deposit (FD) rate hike news: This bank offers more than 9% interest rate

Suryoday Small Finance Bank (SSFB) offers up to a 9.10% interest rate on fixed deposits for senior citizens from mint - money https://ift.tt/ZkUEWy8 https://ift.tt/ZqQMFNh

Mutual funds: Why investors are preferring small caps over large and mid-cap funds — explained

Small-cap mutual funds have delivered impressive returns and are favored by investors for their potential for large gains. These funds offer diversification and have consistently outperformed large-cap funds. SIP inflows have also reached a record high from mint - money https://ift.tt/TX9scvA https://ift.tt/ZqQMFNh

Explained: Long-term capital gains from shares and rebate under Section 87A for senior citizens

Taxation rules for senior citizens: As per the scheme of taxation of capital gains under the income tax laws, short-term capital losses have to be first set off against short-term capital gains if any for the same financial year from mint - money https://ift.tt/JKdDLnb https://ift.tt/ZqQMFNh

SBI Card allows RuPay credit cards on UPI. Here is how to link

SBI Card and NPCI have linked SBI credit cards on the RuPay platform with UPI, allowing customers to make UPI transactions through their credit cards. This will enhance the payments experience and increase credit card usage from mint - money https://ift.tt/EcRIOXT https://ift.tt/ZqQMFNh

How fixed income investments can help build wealth over the long term

In India, fixed income investments account for approximately 70% of all investment assets, indicating their widespread popularity and importance in financial planning and their benefits. from mint - money https://ift.tt/mq2DJjG https://ift.tt/ZqQMFNh

Indore case exemplifies how RIA licence can be misused

In their quest for bigger returns, investors fall easy prey to a host of financial intermediaries such as mutual fund distributors. from mint - money https://ift.tt/xdkJDgz https://ift.tt/ZqQMFNh

EPFO’s investments in ETFs cross ₹2 lakh crore, invest ₹13,017 crore this fiscal

Minister of State for Labour Rameswar Teli Thursday informed the Rajya Sabha that the EPFO has invested a little over ₹2 lakh crore in exchange-traded funds since 2018-19, which accounts for its exposure in equity markets from mint - money https://ift.tt/phRSdTA https://ift.tt/ZqQMFNh

How RBI policy outcome will impact home loan borrowers explained

RBI proposes transparent framework to improve flexibility and transparency of interest rates on variable-rate loans. from mint - money https://ift.tt/DEgr9ji https://ift.tt/tuiH2Gj

RBI introduces offline payment via UPI. Here is how you will benefit

RBI allows offline UPI payments via NFC, and raises payment limit to ₹500. Repo rate unchanged at 6.5% from mint - money https://ift.tt/LaZ4lXj https://ift.tt/tuiH2Gj

Why fund managers are wary of new ESG categories

The Securities and Exchange Board of India (Sebi) has issued a circular allowing mutual funds to launch six new categories under the ESG theme. However, fund managers have raised concerns about the categorization and potential limitations on stock selection. Experts suggest that the new regulations may result in lower discretion for managers and make passive strategies more attractive for investors. Some also argue that the launch of multiple ESG categories could add confusion for individual investors. from mint - money https://ift.tt/SfMPykD https://ift.tt/tuiH2Gj

Indian ultra rich spending on luxury watches, art, handbags equally in 2023

Within investments of passion, over half or 53% Indians prefer to spend on art, luxury handbags and watches alike. from mint - money https://ift.tt/KsF0LNp https://ift.tt/tuiH2Gj

Premature redemption of sovereign gold bonds: How much you will get for Series I of SGB 2016-17

RBI sets redemption price for premature redemption of Series I of SGB 2016-17 at ₹5950 per unit from mint - money https://ift.tt/MWwZ9uP https://ift.tt/zU4gAMh

India’s first bank to provide 24x7 video banking service. Check details

AU Small Finance Bank launches 24x7 Video Banking, providing customers with real-time video calls for banking services. Security measures include encryption and facial recognition. The service aims to enhance accessibility and convenience for customers, catering to a diverse range of segments from mint - money https://ift.tt/f4oWcAT https://ift.tt/zU4gAMh

Can a married woman set up a HUF with just her parents?

Instead of an HUF, we recommend you to consider setting up a trust. In such a case, the parents can set up the trust as a settlor and other family members, including the married daughter and her children, can be beneficiaries. from mint - money https://ift.tt/PtqVepI https://ift.tt/zU4gAMh

How to structure your salary and minimize tax liability

Understanding salary components and their taxation is crucial for employees to maximize their take-home pay. Components such as flexi benefits and reimbursements can help lower taxes, but employees need to provide receipts for these expenses. Employers can also offer perks that are not part of the salary, such as a phone or car for official use, which have their own tax benefits. The new tax regime offers lower tax rates but fewer tax-efficient tools. Employees should focus on post-tax salary rather than CTC or gross pay. from mint - money https://ift.tt/lGFtUHO https://ift.tt/zU4gAMh

Credit Card, PayPal or Cash App? How You Pay Matters

A guide to weighing security, convenience and benefits of each payment option from mint - money https://ift.tt/oOMiS2Q https://ift.tt/zU4gAMh

Are maturity proceeds of single premium policy fully taxable?

Maturity proceeds under single-premium life insurance policies are not exempt. Premiums exceeding 10% of the sum assured are taxable. Indexation benefits may be available for long-term capital gains from mint - money https://ift.tt/MmlzWwK https://ift.tt/L6apnsv

Moonlighting: Why income tax department is sending notices to these taxpayers

The income tax department sends notices to individuals who earned extra money through moonlighting but failed to mention it on their tax returns. Moonlighting income can complicate tax calculations and taxpayers may have to pay additional taxes and interest from mint - money https://ift.tt/UtwLa0Q https://ift.tt/L6apnsv

HDFC Bank hikes lending rates: Loan EMIs to go up. Check latest MCLR rates here

HDFC Bank has increased its benchmark MCLR rates by 15 bps on select tenures, effective from 7 August from mint - money https://ift.tt/vV59Pnz https://ift.tt/L6apnsv

Death claims: How some banks still pose hurdles

The regulatory regime lacks adequate mechanism to prevent such occurrences, perhaps due to lack of accountability and levy of penalties. from mint - money https://ift.tt/5FsgBic https://ift.tt/L6apnsv

Suryoday Small Finance Bank revises its FD rates in 5 years slabs by 85 basis points. Check new rates here

Suryadaya Small Finance Bank revised interest rates revised fixed deposits from Monday. The interest rates have been revised in five years slabs by 85 basis points from mint - money https://ift.tt/vOqy35P https://ift.tt/L6apnsv

Central government likely to increase dearness allowance to 45% for employees and pensioners

Indian government likely to increase dearness allowance for employees and pensioners by 3% to 45% from existing 42%. from mint - money https://ift.tt/xzHeyug https://ift.tt/2Fy1bBP

 The investment lesson from a US hard rock band

Van Halen was an iconic American hard rock band, which—among other things—was known for its energetic live shows. In the 1980s, the band had an extremely curious condition in their contract for live shows. from mint - money https://ift.tt/lkN9Qwj https://ift.tt/2Fy1bBP

How Sebi’s new dispute redressal mechanism empowers investors

The online platform aims to make arbitration cost-efficient, less time-consuming for wider set of investors. from mint - money https://ift.tt/amSxlJ4 https://ift.tt/2Fy1bBP

When will Provident Fund interest be credited for FY 2022-23? Here's what EPFO said

The government on 24 July accepted the recommendation of the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) to increase the interest rate of deposits in Provident Fund (PF) to 8.15 percent from mint - money https://ift.tt/dwNFtTI https://ift.tt/2Fy1bBP

Waiting for ITR refund? How to check income tax refund status online

ITR refund status: Phishing scam targets income tax refund messages; refunds take 10 days to 2 weeks after ITR processing from mint - money https://ift.tt/4vZTKcm https://ift.tt/9Q14o3h

Applying for home loan: How to negotiate to get a better interest rate?

Home buyers paying 20% more in EMIs; borrowers should research interest rates, consider refinancing, and be aware of additional charges. Variable interest rates have risks and CIBIL score is crucial from mint - money https://ift.tt/Bp8QOr9 https://ift.tt/9Q14o3h

CRCS Sahara refund begins: Did you get your money? How to check

CRCS Sahara portal refund transfer begins: Union Home Minister Amit Shah transfers funds to genuine depositors through the Sahara portal, 112 beneficiaries receive ₹10,000 each from mint - money https://ift.tt/vt8H6sx https://ift.tt/9Q14o3h

SBI has been, is and will be largest home loan lender, says chairman Dinesh Khara

Khara said that SBI home loan book grew 13.47 per cent to ₹6,52,548 crore in Q1FY24, compared to ₹6,40,680 crore in Q4FY23 and from ₹5,75,075 lakh crore in Q1FY23. from mint - money https://ift.tt/D1siWAw https://ift.tt/9Q14o3h

SBI latest fixed deposit rates 2023: SBI Wecare vs SBI Amrit Kalash. Check FD rates here

State Bank of India offers special fixed deposit schemes with higher interest rates, including SBI We Care and SBI Amrit Kalash. from mint - money https://ift.tt/ibAyawh https://ift.tt/Ge3kWaD

CRCS Sahara refund portal: Amit Shah transfers initial refund to depositors

Sahara Refund Portal: Amit Shah on Friday transferred the initial refund of ₹10,000 to 112 depositors of cooperative societies of the Sahara Group from mint - money https://ift.tt/8XdxG0i https://ift.tt/Ge3kWaD

Top MFs: These mutual funds gave up to 22% returns in one year

The top 10 aggressive hybrid funds in India have delivered up to 22% returns in one year. Taxation rules for hybrid funds are similar to those for equity mutual funds from mint - money https://ift.tt/lXaVqG6 https://ift.tt/Ge3kWaD

Which apps should you use to track your expenses?

Kuber Bathla, a research associate, turned to expense tracking apps to monitor his spending, but found limitations in both SMS/email tracking and account aggregator systems. SMS/email tracking can be inaccurate and raises privacy concerns, while the account aggregator system has issues with credit card transactions and transaction timestamps. Expense tracking apps generate revenue through subscription fees or by selling other products on their platforms. Bathla has returned to manually tracking his expenses with Excel, citing the flaws in current apps. from mint - money https://ift.tt/fvBbs1R https://ift.tt/Ge3kWaD

Why the Portugal golden visa investment programme is still relevant?

Residency by investment programmes, such as the Portugal golden visa, have been increasingly popular across the world, particularly in the last decade. from mint - money https://ift.tt/aiSvkth https://ift.tt/Ge3kWaD

Bank Fixed Deposit: Special FD schemes of these two banks ending soon. Details here

SBI and IDBI's special fixed deposit schemes with lucrative interest rates for general customers and senior citizens will end soon from mint - money https://ift.tt/dtfWavi https://ift.tt/UdFPguM

PNB super mega e-auction for properties today: Here’s what you need to know

Under PNB mega e-auction, you have a chance to bid and win some home, plot, or shop at a lower price than the existing market rate from mint - money https://ift.tt/yA7BRJX https://ift.tt/UdFPguM

Reversal of exemption of capital gains exemption for non-construction of house within three years under Section 54F

Tax exemption under section 54F is claimed for plot sale, but completion of the house is required within three years to maintain exemption from mint - money https://ift.tt/xlyM9fS https://ift.tt/UdFPguM

Insurance plan for diabetics: A costly, bitter pill to swallow

India has become the diabetic capital of the world, with over 101 million adults living with diabetes and another 136 million being pre-diabetic. The number of diabetics in India is expected to cross 92 million by 2030. The high costs of medication and hospitalization make it important for diabetics to have a good insurance policy in place, although regular policies do not cover OPD expenses. Some insurers offer diabetic-specific plans with reduced waiting periods and disease management programs, but these plans can be expensive. Diabetics can also avail wellness benefits and discounts on renewal premiums by maintaining good health. from mint - money https://ift.tt/HmJ52Za https://ift.tt/UdFPguM

How much should I invest in a SIP for my child’s education?

Since you have not mentioned your child’s age so we assume that your child is five years old and will start college in about 13 years. from mint - money https://ift.tt/D8Tiagu https://ift.tt/UdFPguM

Your home loan EMIs have shot up 20% in the last two years. Check details

Affordable housing myth: The total interest payable over a 20-year tenure is now more than the principal amount from mint - money https://ift.tt/mBukt08 https://ift.tt/0We4CPb

Five things investors learned this year

The economy and asset prices have proved more resilient than feared from mint - money https://ift.tt/FoEpOAM https://ift.tt/0We4CPb

Income tax news: No ITR refund till you verify it. Here's how to e-verify your tax returns

E-verification of income tax returns is mandatory for them to be treated as valid, according to the income tax department. Tax filers can complete the process using Aadhaar OTP, internet banking, bank account, demat account, or digital signature certificate from mint - money https://ift.tt/vCUexoX https://ift.tt/0We4CPb

Succession laws: Can grandchildren be appointed as Karta of Hindu Undivided Family (HUF)?

Eldest daughter or grandson can become Karta of HUF bank account. Procedure includes declaration and death certificate. from mint - money https://ift.tt/38gzeoT https://ift.tt/0We4CPb

Your home loan EMIs to go up. ICICI Bank, Bank of India hike lending rates

EMIs to increase as banks hike lending rates; ICICI Bank, PNB, and Bank of India revise MCLR rates effective August 1 from mint - money https://ift.tt/Q45FP2C https://ift.tt/0We4CPb

Can SIPs help in diversifying portfolio?

You have total SIP investments, including future allocations, of ₹16,000. Of this, you have a 25%, or ₹4,000, allocation to gold. from mint - money https://ift.tt/eklSaYX https://ift.tt/0We4CPb

Portability of brokers: Succour for investors?

Broker default episodes, when there is no broker portability, is marked by forced liquidations that creates risk exposures and eliminates potential risk-taking market participants who are capable of tolerating market risk at a critical time. from mint - money https://ift.tt/RAZ2oQY https://ift.tt/0We4CPb

Funding winter, illiquid startups and Sebi rules hamper AIF exits

High net worth investors at risk as AIFs face redemption pressure but Sebi rules do not permit easy liquidation. from mint - money https://ift.tt/wzXYBVI https://ift.tt/A85Onfe

Missed to file ITR: You may get jailed for up to seven years. Check details

If you missed the July 31 deadline to file your income tax return, you can still do so by December 31, but with penalties from mint - money https://ift.tt/Z7NWGLj https://ift.tt/A85Onfe