I am Wealthy at 23

This Karwa Chauth, consider gifting your wife financial security through mutual funds, real estate, or gold. These investments can provide long-term growth and stability, ensuring a secure future for your family from mint - money https://ift.tt/rymFQM4 https://ift.tt/TPtGm8H

Bajaj Allianz Life Insurance recently launched the Bajaj Allianz Life Mid Cap Index Fund. The fund would be on offer till November 18, 2023. from mint - money https://ift.tt/jbKhT34 https://ift.tt/ybfxSWo

Accumulating a substantial savings fund is crucial for various life objectives, but it's equally important to have sufficient insurance coverage to protect against life's uncertainties. from mint - money https://ift.tt/PLEY9aX https://ift.tt/Gnvjibh

eBullion launched the “Digital Precious Metals Gifting” feature, to enable users to gift gold, silver, platinum, and palladium, with options starting at just ₹100. from mint - money https://ift.tt/LocS7IF https://ift.tt/UcM4BeX

Significant tax underpayment persists among high-income earners despite budget rate cuts. The Income Tax Department is fully prepared to enforce strict measures against affluent individuals who engage in tax underpayment. from mint - money https://ift.tt/UASkbqC https://ift.tt/tuBDiXo

Most lenders offer loans at low interest rates to the borrowers with a high credit score and the ones with low credit score are charged a higher interest. from mint - money https://ift.tt/jN2cYgh https://ift.tt/6Ui28aE

Wealth advisors advise investors to keep a long-term view and not get carried away with short-term movements. from mint - money https://ift.tt/ju5iVPg https://ift.tt/oO4F5sp

In the past three letters to shareholders, Warren Buffett — the Oracle of Omaha — has shared invaluable lessons incapsulated in the much-famed letters to shareholders. We share more details here from mint - money https://ift.tt/fQzytBk https://ift.tt/fgKGRNJ

HUF is treated on a par with individuals and so the entity can claim additional tax deductions and exemptions from mint - money https://ift.tt/VTfXc4j https://ift.tt/KQrMZNo

It is essential for both businesses and individuals to maintain thorough records of all TDS/TCS deductions and collections. This practice will assist in ensuring full compliance with all stipulations and avoiding potential penalties or interest charges. from mint - money https://ift.tt/pxHNfAQ https://ift.tt/yWUpLqx

FOMO, or Fear Of Missing Out, reflects the psychological aspect of investing where individuals are influenced more by emotions and the fear of missing out on market opportunities than by objective numerical analysis. from mint - money https://ift.tt/lTdHRLP https://ift.tt/spHS9Nc

Chandler of Friends offers money lessons as unforgettable as him. Rest In Peace, Matthew Perry! from mint - money https://ift.tt/DQ3IwZS https://ift.tt/0hHx2sz

ITR filing: Taxpayers will have to pay 30% and do reporting as per the VDA schedule, say experts from mint - money https://ift.tt/DMfwtEF https://ift.tt/1O4vZ6F

Leonardo DiCaprio acquired the rights to Killers of the Flower Moon, and shared it with Martin Scorsese and now this epic movie is in the theatres. Let's delve into a few money lessons we can learn from this movie. from mint - money https://ift.tt/f7wkH3h https://ift.tt/frVUvBu

The RBI disclosed the gold redemption price for investors in Sovereign Gold Bonds seeking early redemption of government-issued bonds. from mint - money https://ift.tt/FEdGURC https://ift.tt/1SPJE5a

The NCD issue will close on Nov 7, 2023. The minimum application for the issue is ₹10,000 and in multiples of ₹1,000 thereafter from mint - money https://ift.tt/2f6IhZB https://ift.tt/dfutal3

The root cause of the problem lies in the organization's outdated IT system, which employees consider to be obsolete. from mint - money https://ift.tt/60ljRAC https://ift.tt/cwAfRgK

Financial experts say it offers wider coverage, helps during a crisis on their visits to the country. from mint - money https://ift.tt/zRZ2ASs https://ift.tt/xnVFu70

As the eagerly anticipated festival season approaches, it's crucial to emphasize the significance of practising mindful spending habits. Here we will explore the risks of overspending, gift taxation, and effective strategies for managing your savings throughout this festive period. from mint - money https://ift.tt/Xp1MI7z https://ift.tt/Xm5h9BY

There is no clarity from the tax authorities yet on how indexation is calculated. from mint - money https://ift.tt/i1z8hxU https://ift.tt/dyGtoL7

InvITs can help investors diversify their portfolios and enable a regular source of income. from mint - money https://ift.tt/WEXbNAH https://ift.tt/PRjJf87

ELSS refer to the schemes which invest at least 80 percent of their assets in accordance with Equity Linked Saving Scheme, 2005. These schemes have a 3-year lock-in period, and are eligible for income tax deduction under Section 80C of the Income Tax Act. from mint - money https://ift.tt/sMd1An4 https://ift.tt/xUCOfqZ

Railway Board increases dearness allowance for employees from 42% to 46% of basic pay. from mint - money https://ift.tt/R3p76Kg https://ift.tt/6IzkvmO

It is less expensive than a hotel room and beneficial if you stay for longer periods or share it with a group. from mint - money https://ift.tt/0kDHPFx https://ift.tt/32sMxSB

PPFAS Mutual Fund announced the launch of Parag Parikh Arbitrage Fund. The scheme opened for public subscription on October 23, 2023, and will close on October 27, 2023. from mint - money https://ift.tt/jfpBknE https://ift.tt/B1pxdgw

Equity flow remains strong driven by SIPs, but gross flows have slowed due to Shraddha Paksha from mint - money https://ift.tt/tRp7Ul0 https://ift.tt/EbSFPkQ

Unified Payments Interface: Countries like Japan, Singapore, UAE, France, the UK, and more are keen to embrace the UPI model from mint - money https://ift.tt/fvkDuOj https://ift.tt/VTXSRan

Among several positive developments for cryptocurrencies, the key one is the consensus among G20 nations about adopting the broader contours of regulatory framework proposed by Financial Stability Board (FSB) and IMF. from mint - money https://ift.tt/sMLujpx https://ift.tt/Sf0YkGL

Among countries, the US, Singapore, UAE and UK are the top four countries that account for about 54% of Indian’s remittance inflows. from mint - money https://ift.tt/jnQRuYf https://ift.tt/ExsTt6P

Some RIAs and research analysts are exiting Smallcase after Sebi barred them from showcasing past performance from mint - money https://ift.tt/n8m1L0H https://ift.tt/DeL4swc

Joel Greenblatt is a household name in the investing world. Anyone unaware of how to make good money from the market may first study this successful fund manager’s investing style or best emulate his strategies to navigate a choppy market. from mint - money https://ift.tt/gIDeWbA https://ift.tt/egmpRQO

The article highlights real estate as a dependable investment option due to its tangible assets and stable financial returns, particularly valuable in uncertain economic conditions. from mint - money https://ift.tt/lOEF6JH https://ift.tt/aY9UyL4

Creating a will requires mental capacity, attestation, and registration for safeguarding and preventing disputes. from mint - money https://ift.tt/mkY49y7 https://ift.tt/GeySDRJ

This payment model essentially allows individuals to spread the cost of a purchase over a predefined period while paying fixed monthly instalments, with the added benefit of not incurring any interest or finance charges. from mint - money https://ift.tt/vhq7zVf https://ift.tt/hIzX9Ml

The Pradhan Mantri Jan Dhan Yojana is a National Mission focused on achieving holistic financial inclusion and ensuring the provision of banking services to every household across the nation. from mint - money https://ift.tt/UdPTHuI https://ift.tt/NhbEmD5

While taking a loan, banks and non-banking financial firms generally insist on certain insurances. This works as a risk hedging instrument for the lender. from mint - money https://ift.tt/jkxcuez https://ift.tt/WwQ1hAo

Given that gold is commonly viewed as a symbol of affluence and prosperity, it's imperative to have a thorough understanding of the tax consequences linked to such investments or when presenting gold gifts to your beloved individuals. from mint - money https://ift.tt/dN236LM https://ift.tt/sUDzLmp

HDFC ERGO General Insurance has introduced Optima Secure, offering four times the coverage without any extra charges, thereby revolutionizing the value proposition of health insurance. from mint - money https://ift.tt/tbOdafl https://ift.tt/L8DN7dA

There are various ways in which one can transfer money online including the National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Services (IMPS), among others from mint - money https://ift.tt/C0YJRTI https://ift.tt/njNV2Sd

RBI and NPCI's recent introduction of UPI payments for Rupay credit cards brings the benefits of digital payments and credit card flexibility together, offering a convenient and versatile payment method. from mint - money https://ift.tt/oviL0GQ https://ift.tt/COSwDsU

Life insurance is one of the most essential investment instruments which promises one security to live a fulfilling life. However, some insurance companies are putting stains on the image of the sector as a whole by tricking policyholders with exit barriers. from mint - money https://ift.tt/nDbErdV https://ift.tt/BDySNMV

They refer to the schemes which invest anywhere between 10 to 25 percent in equity & equity related instruments, and 75 to 90 percent in debt instruments. from mint - money https://ift.tt/2s1PNZW https://ift.tt/Gd01l8P

Cases of Aadhaar data misuse for the purpose of illicitly extracting money have been reported. Aadhaar cardholders now have the option to lock their biometric data for enhanced security against cyber threats. from mint - money https://ift.tt/b5Q8p6v https://ift.tt/DqfFaOE

How to make the most of your holiday without overspending: eight budget-friendly tips from mint - money https://ift.tt/AvSJWqY https://ift.tt/Dxd0eIv

Mirae Asset Mutual Fund announced the launch of the Mirae Asset Nifty IT ETF. The scheme opened for public subscription on October 13, 2023, and will close on October 18, 2023. from mint - money https://ift.tt/FLfajHK https://ift.tt/dszVui1

Here is a breakdown of the performance of different funds – equity fund, government bond fund and corporate bond fund – of the private sector NPS from mint - money https://ift.tt/aRA1oCc https://ift.tt/VUbCnRI

Personal Loans: When in search of personal or quick loans, it's essential to contemplate several questions before moving forward. Avoid hasty decisions when it comes to borrowing. Instead, carefully assess the necessity of the loan and determine the precise amount required. from mint - money https://ift.tt/GdXwEas https://ift.tt/i8BWQuc

SBI customers may face problems with UPI services due to technology upgradation from mint - money https://ift.tt/iOT3L2H https://ift.tt/gKT4HDv

It bars users from logging in to the app until they give permissions to access their phone book and other details. from mint - money https://ift.tt/vh7laJK https://ift.tt/dI8gDwL

You can make the most of your SIPs by investing for the long term, mapping them to your financial goals, opting for a step-up SIP, and removing the element of market timing. from mint - money https://ift.tt/uGBA0Ty https://ift.tt/DP6tTZL

One of the most common reasons is that the information that you submitted in the return does not tally with that of form 26AS or AIS (annual information statement). from mint - money https://ift.tt/GtnI7pr https://ift.tt/h1CszJB

Financial freedom is the state of financial well-being and flexibility to pursue one's dreams and lifestyle without depending solely on conventional norms, and this article discusses nine financial lessons to guide investors in achieving it. from mint - money https://ift.tt/J6BHKx4 https://ift.tt/RuIl1ZO

So, when in a high interest rates scenario, investing in fixed income securities seems lucrative for many investors, but one should understand the risk and reward before making investment decisions. from mint - money https://ift.tt/qJdchTR https://ift.tt/aSgwWUv

Adhering to a budget is crucial for avoiding debt and maximising savings and investment opportunities from mint - money https://ift.tt/yE1VZMD https://ift.tt/vCLRy3B

Bank FD interest rate: These rates are applicable on deposits below ₹2 crore, with effect from October 9, 2023 from mint - money https://ift.tt/NeAtMYG https://ift.tt/VcpfEFP

ITR filing: In case of income from IPO, date of investment is considered the date of credit of shares in one's demat account from mint - money https://ift.tt/goakScB https://ift.tt/GzqHa2I

Joint home loans have pros and cons, including shared liability and limited borrowing flexibility from mint - money https://ift.tt/2aIEZJm https://ift.tt/XUsyT85

Fixed-income investments provide stable returns and diversify portfolios from mint - money https://ift.tt/ieYPvLh https://ift.tt/ktL4TXC

Tax-saver index funds, or ELSS index funds, are a type of ELSS mutual fund that invests in stocks mirroring a specific market index (e.g., Nifty 50 or Sensex), providing tax benefits and the potential for investment growth. from mint - money https://ift.tt/YxchH3m https://ift.tt/IRKSVwj

Here is a list of INR to USD forex rates offered by some of the major banks and travel aggregators from mint - money https://ift.tt/lKw2U4y https://ift.tt/5qxQMsw

Specific cash transactions have the potential to draw attention from the income tax department and result in potential issues. Substantially high transactions can attract a notice from the Department asking you to explain those transactions while sharing details of the same. from mint - money https://ift.tt/d67C3X0 https://ift.tt/5fxY9qA

Some strangers managed to withdraw money from the bank accounts of Bank of Baroda customers in an alleged act of collusion with the bank staff. We also share tips to keep your account safe from any of these shenanigans from mint - money https://ift.tt/ruAwSvs https://ift.tt/OmLA7EK

Warren Buffett's quote about real estate holds true for millennials as well. Despite underperforming other investments, millennials are investing in real estate for regular income and rental yields. However, experts warn that real estate should not make up more than one-third of an investment portfolio, and equity-linked investments may offer better returns. Tax benefits and the option of Real Estate Investment Trusts (Reits) and Infrastructure Investment Trusts (InvITs) can also be considered for asset allocation. Investors must be cautious and build a solid financial portfolio before investing in physical real estate. from mint - money https://ift.tt/XOJL7kZ https://ift.tt/bCm7wX6

Mutual funds: Flexicap funds are allowed to invest across market cap as per the market situations whereas the Balance advantage fund is a kind of balance fund that increases equity allocation on market correction from mint - money https://ift.tt/ltDZ4OW https://ift.tt/dS6Vmvs

Auto choice is meant for investors who want to cut down on their allocation to equity with advancing age, while the active choice is ideal for investors who want to take the destiny of their investment in their own hands. from mint - money https://ift.tt/aEeJZKQ https://ift.tt/qd4G9RX

We have restricted the choice universe to 10 categories out of the total 37 and given you at least two options to pick from each from mint - money https://ift.tt/CmOEAHT https://ift.tt/42HqIob

For accumulating emergency funds, we would suggest you to invest in liquid or ultra short mutual fund schemes. from mint - money https://ift.tt/I7XdyEp https://ift.tt/IpiZOND

Indian investors are being encouraged to diversify their portfolios by investing in global assets, particularly global fixed income securities such as US treasuries. The convergence of yields between US treasuries and Indian stocks is making bonds an attractive alternative to riskier assets. The 0-1-year segment of US treasuries is offering yields of 5.43% to 5.59%, compared to Nifty's earnings yield of 4.5%. Additionally, exposure to US debt has become more attractive as the yield gap between US treasuries and Indian government debt has narrowed. Indian investors can access US treasuries through funds such as the Bandhan US Treasury Bond 0-1 year Fund of Fund. However, investing in international markets increases compliance burden and carries platform and execution risks. from mint - money https://ift.tt/cW6l0Ct https://ift.tt/69dDRbY

NPS scheme for NRIs: An NRI can invest only in the mandatory Tier-I option of NPS from mint - money https://ift.tt/34h5TVZ https://ift.tt/1nWC8OM

Exemption under Sections 54 and 54F can be claimed simultaneously for investment in the same house from mint - money https://ift.tt/89DG4Os https://ift.tt/W4zxpMv

International Girl Child Day 2023: SSY is a savings strategy for girls' education, offering government-guaranteed returns from mint - money https://ift.tt/TLXnsYS https://ift.tt/T0lUWZu

Margin trading facility allows equity investors to buy and sell stocks, but the risks are high from mint - money https://ift.tt/2xlPu6o https://ift.tt/3tZRFsb

Under the employee stock option plan (ESOP) scheme, an employee gets the company’s stock at a low cost. These are perks provided in order to retain employees from mint - money https://ift.tt/XmVu2WL https://ift.tt/c3jtFd6

These features are offered to our existing as well as new customers who are on-boarded to the Bank from any platform, said Rajneesh Karnatak, MD & CEO of Bank of India from mint - money https://ift.tt/GSPyqiv https://ift.tt/AgFZQbm

Here's how equity, cash, gold and fixed income have performed in different periods from mint - money https://ift.tt/dcLqIX7 https://ift.tt/G7YRfNO

Bank of Baroda has also increased bulk deposit interest rates (for deposits from ₹ 2 crore to ₹ 10 crore by up to 1% (100 basis points) across various tenors from mint - money https://ift.tt/2fYW5ML https://ift.tt/E10PIhN

National Pension Scheme: Employer's contribution to NPS is deductible under Section 80CCD(2) from mint - money https://ift.tt/9URpGFI https://ift.tt/7Ysilea

The founder of Equity Intelligence, who has zero investment in real estate, is also bullish on India’s growth story. from mint - money https://ift.tt/CJjvG7p https://ift.tt/6laLn8z

Inheritance of foreign assets under a will is not taxable whereas the sale of such assets by the legal heir would attract capital gains tax in the hands of the legal heir. from mint - money https://ift.tt/1vjaSwg https://ift.tt/VEnKWNA

A recent tribunal decision upholding a penalty of ₹10 lakh for non-disclosure of foreign assets brings up concerns about the proportionality of the penalty. The government should consider whether the cost of litigation is in the country's interest and if a more nominal penalty would be appropriate. from mint - money https://ift.tt/vKchomy https://ift.tt/gsn5Yrm

Apart from the interest rate, also take a look at the applicable processing fee and other charges from mint - money https://ift.tt/4wkMeSp https://ift.tt/wEa8V3T

The index fund will invest in 750 stocks, covering 96% of stock market capitalization, and is open for subscription. from mint - money https://ift.tt/3LUPA8T https://ift.tt/7WhpcZI

Ideally, retail investors should allocate 5-10% of their portfolio to bonds to realize any meaningful gains. from mint - money https://ift.tt/sEvMfeY https://ift.tt/kEm9B3Y

Yes Bank cuts FD rates: After the revision, the bank offers interest rates between 3.25% to 7.25% to general citizens, and 3.75% to 8% to senior citizens on FDs maturing in seven days to ten years from mint - money https://ift.tt/KLdczPf https://ift.tt/ChKSRxa

RBI's MPC rate pause is expected to result in no rise in home loan EMI for both new and existing home loan borrowers, say experts from mint - money https://ift.tt/sVRBJOL https://ift.tt/RplEFwe

Parents in India are starting to plan for their children's future right after childbirth, opening bank accounts and making investments in their names. from mint - money https://ift.tt/gRHuxLe https://ift.tt/dqkhZzR

There is exemption from advance tax provisions for a resident senior citizen individual who does not have any income from business or any professional income. from mint - money https://ift.tt/24OGSYm https://ift.tt/rYIhwzx

Pensioners must submit a life certificate annually to continue receiving pension from mint - money https://ift.tt/pOrD01d https://ift.tt/9HLBRtd

Mirae Asset Mutual Fund increases SIP limit for Mirae Asset Emerging Bluechip Fund to ₹25,000 from mint - money https://ift.tt/NT1fRvH https://ift.tt/MDTJ3Fh

RD interest rates: The recurring deposit scheme provides an opportunity to build up savings through regular monthly deposits of fixed sum over a period of time from mint - money https://ift.tt/Yru93V4 https://ift.tt/gyvckKu

Bank FD laddering is a technique that involves buying multiple FDs maturing in different time periods from mint - money https://ift.tt/vcUqVOt https://ift.tt/UZ7zvai

The revision comes just ahead of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting on October 4-6, 2023 from mint - money https://ift.tt/8jNFvsQ https://ift.tt/iQpkc6E

Top 10 small-cap funds in India with the highest one-year returns: HDFC, Quant, Axis, Nippon India, among others from mint - money https://ift.tt/UMVtuOl https://ift.tt/vVKP5Ak

The India-Japan Fund will focus on investing in environmental sustainability and low carbon emission strategies from mint - money https://ift.tt/pSQYuG3 https://ift.tt/iI56Svb

World Financial Planning Day 2023: Not only aware, but it is very important for everyone to be financially independent from mint - money https://ift.tt/AztkuUK https://ift.tt/q1JE23I

Here is a list of banks that offer the highest FD rates for deposits up to ₹1 crore over various tenures. from mint - money https://ift.tt/Uy0ocXO https://ift.tt/RnQ34hm

Reits are trading at a discount now but this is set to change as hybrid mode of working ends from mint - money https://ift.tt/0RWNoFq https://ift.tt/9TVRxdb

Here is the breakdown of the performance of different funds--equity funds, government bond funds, and corporate bond funds--of the private sector NPS. from mint - money https://ift.tt/pzxiUV0 https://ift.tt/6fZma57

UPI and UPI Lite are two digital payment systems in India. UPI is comprehensive, while UPI Lite is simplified for basic functionality from mint - money https://ift.tt/MlB8ZzF https://ift.tt/hun6NOo

Over 30.75 lakh audit reports, including 29.5 lakh Tax Audit Reports, have been filed for AY 2023-24 on the e-filing portal. The Income-tax Department appreciates taxpayers and tax professionals for timely compliance from mint - money https://ift.tt/oHPlmVs https://ift.tt/Yam0cHS

Money market, ultra short and low duration are all debt funds with a potential to give returns that are slightly higher than liquid funds from mint - money https://ift.tt/dLDsO0B https://ift.tt/SLwT0aI

Retirement is another goal which needs a relook and possible revamp every 10 years from mint - money https://ift.tt/2Q7A8Wz https://ift.tt/LFEm2Yi

Long-term capital gains on shares, mutual funds, gold will be exempt from tax if used to purchase a residential property from mint - money https://ift.tt/vqt15j3 https://ift.tt/dQpZtBL

Stock market vs mutual funds: In monkey investment experiment, a layman can choose any of Nifty 50 stock on random basis and hold it for long term from mint - money https://ift.tt/EiLlIF3 https://ift.tt/Eplnstk

Here's a look at the lowest home loan interest rates of some leading banks. from mint - money https://ift.tt/wvcVxbH https://ift.tt/xb5EeUB

Bengaluru-based family sought the help of a registered investment advisor to close in on its financial goals from mint - money https://ift.tt/LeBuRIO https://ift.tt/UNmScRF