I am Wealthy at 23

Mid cap mutual funds refer to schemes which invest a minimum of 65 percent of their assets in mid-cap stocks i.e., securities of companies that are ranked between 101 to 250 on stock markets as per market capitalisation. from mint - money https://ift.tt/4PWZuth https://ift.tt/IUsA0pS

Thanks to the ongoing bull run with Sensex delivering more than 18 percent return and Nifty giving 20 percent, equity mutual funds followed suit. Here we give a lowdown on the top 10 mutual fund schemes based on the returns they delivered from mint - money https://ift.tt/xmYASLt https://ift.tt/1VbPhiA

RBI has extended the deadline for introduction of new penal charges regime by three months upto April 1, 2024. The guidelines released in Aug this year stipulated that the penalty for non-compliance will not be in the form of penal interest from mint - money https://ift.tt/I1yWHfg https://ift.tt/Bxnid6V

As the New Year rings in, the old paper-based KYC verification will be a thing of the past. from mint - money https://ift.tt/w2rpfkj https://ift.tt/3mX6c8n

Income Tax Return Filing Last Date: The Income Tax Department allows the submission of updated ITRs after the December 31 deadline, but additional taxes may apply for adjustments to income. from mint - money https://ift.tt/F3hOjpy https://ift.tt/SXFozep

List of Indian banks that hiked interest rates on fixed deposits in December 2023 from mint - money https://ift.tt/KZVN9OR https://ift.tt/El0ujU6

We highlights several songs that convey lessons about money, such as The Beatles' 'Money Can't Buy Me Love' and Cardi B's. It emphasizes the importance of being cautious with investments and trusting others when it comes to money. from mint - money https://ift.tt/T0YDMjR https://ift.tt/yeHEqLg

The percentage of savings allocated to retirement has decreased from 45% in 2022 to 38% in 2023, due to escalating expenses. Women are more likely to redirect retirement savings towards other financial goals, with only 34.3% currently saving for retirement compared to 40.1% of men. from mint - money https://ift.tt/aBlVInh https://ift.tt/2tcoYlA

The Sukanya Samriddhi Yojana scheme raised interest rates by 20 basis points for the January-March quarter. from mint - money https://ift.tt/jUdL74S https://ift.tt/A6Wh1zw

The Income Tax Department has reminded taxpayers to file their income tax return by December 31, 2023, or face penalties from mint - money https://ift.tt/lfMtD8P https://ift.tt/cIs6NRH

PFRDA has allowed NPS subscribers to deposit their contributions through the UPI QR code directly under the D-Remit process, making NPS contributions more accessible and efficient from mint - money https://ift.tt/bOX78te https://ift.tt/gOiJ9Ht

With many goals and limited funds, it becomes difficult to decide which goal to invest for first, where to invest and how to allocate windfall gains or bonuses among financial goals. from mint - money https://ift.tt/GTax6K3 https://ift.tt/YBt21aE

When you get admitted in a hospital, you have two ways to make a health insurance claim. from mint - money https://ift.tt/cxKXN6i https://ift.tt/XIf47lq

Experts say there is a need to further simplify the accreditation process for such investors. from mint - money https://ift.tt/mf9Seq7 https://ift.tt/0Gh871N

The SCSS account is occasionally mistaken for a regular savings account tailored for senior citizens. It operates akin to a FD account, established as a one-time investment at the time of subscription. from mint - money https://ift.tt/CwabTZh https://ift.tt/VwWSPmu

Sebi extends deadline to June 2024 to add nominees in mutual funds, demat accounts from mint - money https://ift.tt/LdFn4uq https://ift.tt/wSYbPIO

Thematic funds tend to perform well in certain periods but could perform poorly for extended durations. from mint - money https://ift.tt/IWoJrN7 https://ift.tt/Q6RCnwS

The mutual fund industry displayed remarkable resilience, witnessing a substantial 20% surge in Assets Under Management, reflecting both its adaptability and significant growth amidst challenges. from mint - money https://ift.tt/tMua435 https://ift.tt/9eRQoFy

SBI's new interest rate on fixed deposits below ₹2 crore comes into effect today from mint - money https://ift.tt/QG5eK8z https://ift.tt/TrDgOzt

The ‘correction’ happened due to a change in how the P/B ratio was calculated by NSE. from mint - money https://ift.tt/b3KLQyq https://ift.tt/JugAKc0

A distributor also helps the investor stay invested or exit when the time is right. from mint - money https://ift.tt/YiDnMs0 https://ift.tt/fZTJSNy

Esops are important to attract and retain talent, and for various other reasons. from mint - money https://ift.tt/E7RnWkK https://ift.tt/g3bP2sv

If the jewellery isn’t hallmarked, it is melted to determine the purity level and arrive at its exchange price. from mint - money https://ift.tt/UoD2VO7 https://ift.tt/9IRUDuw

Despite being a potentially prosperous period, a bull market is not an endorsement to forsake your proven investment principles. Sustaining patience and adhering to your established investment process is imperative to avoid mistakes and position yourself for sustained success. from mint - money https://ift.tt/thZuNyi https://ift.tt/659rK20

Gold’s unique risk-return profile makes it an attractive option for investors from mint - money https://ift.tt/5PDbq1s https://ift.tt/BypoEsk

The S&P BSE Sensex is up 15.8% for the year. Up until 26 October, it had just delivered 3% year-to-date returns from mint - money https://ift.tt/AZxJwES https://ift.tt/NIgQ2t7

A home loan is among the cheapest loans available, but the final amount an individual ends up paying for a home could be double what was borrowed from mint - money https://ift.tt/27cRpIe https://ift.tt/Hb4eJdQ

Bruce Flatt promotes contrarianism in investing, advising individuals to diverge from popular trends. Despite requiring extensive research, scrutiny, and patience, seasoned investors like Flatt consider this approach to be frequently lucrative in the realm of investing. from mint - money https://ift.tt/ZJfXDHr https://ift.tt/ELHpRSs

In a post recently shared on X platform (formerly Twitter), the Income Tax (I-T) department has announced that the Board has notified ITR forms 1 and 4. from mint - money https://ift.tt/tHRkMCB https://ift.tt/GX3R4MQ

Broader market indices have delivered 16 to 17 percent return this calendar year alone. Wealth advisors advise investors to be careful and whittle down exposure to highly risky assets even if it means redeeming some of the investment from mint - money https://ift.tt/dKq4GWv https://ift.tt/hkP8XG2

Dunki highlights the struggles of illegal immigrants, emphasizing the importance of careful planning and avoiding scams when traveling abroad for studying, tourism, or emigration. from mint - money https://ift.tt/6aAiyuB https://ift.tt/shlDGHK

The average one-year returns given by large cap funds stood at 16.15 percent, mid cap funds delivered 30.77 percent return, while the small cap funds delivered 34.29 percent return in the past one year, shows the Morning Star data of ‘category performance’ from mint - money https://ift.tt/AbQ9VZT https://ift.tt/DhRyEPm

Senior citizens, dependent on investment income, have much on the line. Although SGBs have yielded substantial returns in the past, it's essential to weigh factors such as the lock-in period, potential sluggish growth, and the prospect of lower returns before opting to invest in them. from mint - money https://ift.tt/PMxItQb https://ift.tt/IaBtzSs

Investments in Motilal Oswal Asset Management Company’s active fund NFO launched after a hiatus of four years, come from over 50 cities across India. from mint - money https://ift.tt/IHfvStX https://ift.tt/XGxHMog

Kotak Mahindra Life Insurance introduces a unit-linked term insurance plan providing life coverage up to 100 times the annual premium. from mint - money https://ift.tt/cqOMb4k https://ift.tt/FA6XoyN

India has a deep-rooted affection for the precious yellow metal, viewing gold as a safeguard against inflation. The Sovereign Gold Bond scheme presents an attractive option for those reluctant to acquire physical gold due to safety concerns. from mint - money https://ift.tt/6a7mWpH https://ift.tt/65Ycks9

Many small private banks and SFBs are, indeed, providing noticeably higher interest rates on savings accounts in comparison to prominent private and public sector banks. from mint - money https://ift.tt/y4jCeEY https://ift.tt/ZIyJWpC

As India tops global remittance charts with $125 billion, we explain different alternatives to remit money to India from overseas from mint - money https://ift.tt/5cslVpF https://ift.tt/AO9QYRS

Effective planning for the new year relies on thorough preparation in the preceding year. Conducting an assessment of portfolio enables to identify areas where missteps occur and provide insights into corrective measures for the future. from mint - money https://ift.tt/VMh2Ii8 https://ift.tt/SeTtzcZ

Personal finance involves budgeting, saving, and investing. Follow these ten personal finance rules to take control of your money and become rich from mint - money https://ift.tt/Ss739WB https://ift.tt/2k08gED

Kisan Vikas Patra (KVP) is a long-term investment option with an interest rate of 7.5% compounded annually, doubling your money in 115 months from mint - money https://ift.tt/T2qoX8j https://ift.tt/j6q1nUd

This is a variant of FIRE where retirees focus on front-loading of savings but are willing to work in their retired life to cover their living expenses. from mint - money https://ift.tt/baGMdtK https://ift.tt/dkSn7jU

The third tranche of the Sovereign Gold Bond scheme is open for subscription till December 22, with an issue price of ₹6,199 per gram from mint - money https://ift.tt/jBgvAn7 https://ift.tt/bSypOiJ

Schiff recommends that investors maintain a long-term focus. Although there is skepticism surrounding his predictions, investors cannot disregard the efficacy of his strategies, which concentrate on preventing the loss of gains accumulated in recent years due to unforeseen financial catastrophes. from mint - money https://ift.tt/itYVqfG https://ift.tt/HqAUMej

A certified true copy of the will can be treated as secondary evidence under applicable laws.   from mint - money https://ift.tt/8KotlV0 https://ift.tt/ipQwPGc

Bonus shares received will be taxable at time of sale; no tax is levied at time of allotment from mint - money https://ift.tt/xpy82Vg https://ift.tt/2GLHkBq

It ensures that retail investors will be in a position to benefit from any asset class doing well or limit any losses from mint - money https://ift.tt/HNSrhP5 https://ift.tt/CkIKMg7

To maximise your tax savings, make the most of deductions available under Section 80C for investments, 80D for health insurance premiums, Section 24 for home loan interest, and Section 80CCD for NPS contributions. from mint - money https://ift.tt/eDTrh97 https://ift.tt/fBzwW7O

The American Express Membership Rewards Credit Card offers a diverse range of exclusive advantages for each transaction. Added perks encompass monthly rewards, waiver on fuel surcharges, entertainment benefits, and insurance privileges. from mint - money https://ift.tt/WgJtx7h https://ift.tt/95FbdRG

While insurers are regulated, and are answerable to Irdai whenever they hike premiums, hospitals aren’t from mint - money https://ift.tt/bIMu2iH https://ift.tt/eNr3fyY

The valuation of these bonds is established by calculating the straightforward average of the closing price of gold with 999 purity, as per India Bullion and Jewellers Association (IBJA). from mint - money https://ift.tt/v7FABCl https://ift.tt/7crlyZ4

The article highlights the need for foundational knowledge, thorough research, diversification, continuous learning, and patience in tech investments. from mint - money https://ift.tt/8W7csVi https://ift.tt/dUlRs9j

The significant rise in life expectancy in India from 1950 to 2022 emphasizes healthcare and quality of life advancements. This underscores the critical need for comprehensive retirement planning, extending beyond finances to address post-retirement life holistically. from mint - money https://ift.tt/DKFEeSg https://ift.tt/fJGz0eo

Reliance General Insurance reveals an innovative healthcare solution, ensuring extensive coverage, substantial sum insured, and global treatment opportunities transcending borders. from mint - money https://ift.tt/iJqWy7E https://ift.tt/y45uHg1

Canara HSBC Life Insurance introduces a plan aimed at realizing policyholders’ financial aspirations and achieving significant milestones, all while securing the future of their loved ones. from mint - money https://ift.tt/6b0lC8x https://ift.tt/3iBgLet

Niva Bupa Health Insurance launched its newest product, Aspire, with a focus on catering to Gen Z and millennials. from mint - money https://ift.tt/n4MlBC9 https://ift.tt/rau5lyg

Revolutionizing digital payments in India, UPI has provided convenience and security for millions of users. Nevertheless, the increased popularity has drawn the attention of fraudsters, underscoring the importance of widespread awareness regarding the associated risks and protective measures. from mint - money https://ift.tt/V2l3hxW https://ift.tt/xfMYn17

December 31 is the deadline to add nominee to your mutual fund and demat account. Here is the step-by-step process for adding a nominee from mint - money https://ift.tt/wrli0C5 https://ift.tt/HGw0kCK

State Bank of India raises interest rates by 5 to 10 basis points on most loan tenures, effective from today. from mint - money https://ift.tt/AUWreGB https://ift.tt/JGQSEHm

Corporate fixed deposits, offered by institutions like non-banking financial companies (NBFCs), are term deposits held at a fixed interest rate for a specified duration. They differ from bank fixed deposits and operate as term investments. from mint - money https://ift.tt/Mk4q1zL https://ift.tt/YxDIZEg

The interim budget would soon be presented before the Parliament on February 1, 2024. The interim budget will exclusively address necessary expenditures, typically having a restricted scope and excluding significant policy alterations or the introduction of new programs. from mint - money https://ift.tt/i0jplKL https://ift.tt/uLrioD6

The RBI has implemented new rules for safe deposit lockers, requiring customers to sign a new agreement and maintain rental payments. Compliance deadline is December 31, 2023. from mint - money https://ift.tt/85nb1Ir https://ift.tt/3I2PKhl

Kotak Mahindra Bank and DCB Bank have hiked interest rates on fixed deposits (FDs), under ₹2 crore from mint - money https://ift.tt/EdHpSBT https://ift.tt/sD8XPVp

Savvy personal financial planning is crucial in India's dynamic economy. This article explores a three-pronged approach: establishing an emergency fund, adopting innovative savings techniques, and diversifying investments. from mint - money https://ift.tt/G47hNdM https://ift.tt/06w5Dyx

Taxpayers who haven't filed their income tax returns for FY 2022-2023 must file by December 31, 2023 to avoid penalties and interest charges. from mint - money https://ift.tt/GrzLUod https://ift.tt/xtG3QsA

To take advantage of the current high interest rates, you may allocate some additional money to fixed-income products like fixed deposits, bonds, debt mutual funds, Small Savings Schemes, etc. from mint - money https://ift.tt/0jwThQE https://ift.tt/zEJcR6u

Buy the yen, sell Japanese bonds, snap up Indian and Indonesian stocks: those are some of the top trades recommended by Asian fund managers for 2024. from mint - money https://ift.tt/eOIwln3 https://ift.tt/rkGWUua

Embark on the New Year with optimism as you purposefully initiate financial planning. It’s imperative to plan your finances for the upcoming year, shedding outdated perspectives on money and investments along with your old self. from mint - money https://ift.tt/jt96BFJ https://ift.tt/UoSZjDv

Healthcare costs are rising, making adequate health insurance essential. Choose a health cover size that fits your individual needs and circumstances. Remember, it's not a one-size-fits-all approach - personalize your coverage for optimal protection. from mint - money https://ift.tt/Fh8Nln9 https://ift.tt/T89Mwk7

The latest offering by Max Life Insurance Company comprises an expanded array of benefits, incorporating features such as instant payment on claim intimation, cover continuance, and special exit value. from mint - money https://ift.tt/Z1S0Va5 https://ift.tt/HboJqtQ

Quant Mutual Fund announced the launch of the Quant Commodities Fund. The scheme opened for public subscription on December 08, 2023, and will close on December 22, 2023. from mint - money https://ift.tt/jaYPFRO https://ift.tt/MZhu1jB

A loan for longer may mean smaller EMIs, which makes the car seem more affordable, but overall, you pay more as interest from mint - money https://ift.tt/7I0maWA https://ift.tt/2qc9KVo

Prepaying your home loan and investing your money can both serve as effective financial strategies, contingent upon your specific circumstances and objectives. from mint - money https://ift.tt/fPsu1IH https://ift.tt/bNelzcf

The government's new tax regime offers lower rates but eliminates deductions, making it beneficial for those with limited deductions and the old regime better for those with significant deductions. from mint - money https://ift.tt/65hglMS https://ift.tt/ejTYlai

The SBI Cashback Card offers enticing cashback rewards on every transaction, with up to 5% cashback on all online and offline purchases. It comes with additional benefits like a fuel surcharge waiver, but does not offer lounge access, and many more. from mint - money https://ift.tt/mCHuixl https://ift.tt/FTHVtD0

Nassim Nicholas Taleb, widely recognized for successful investing, holds unconventional perspectives on investing and risk management. His strategies propose a highly cautious stance on undertaking risk before seeking returns on invested funds. from mint - money https://ift.tt/Usqhi7C https://ift.tt/sTMfYon

Sovereign Gold Bond: The SGB 2023-24 Series IV will be open for subscription from February 12 - February 16, 2024 from mint - money https://ift.tt/Mm6uk7x https://ift.tt/7KMnJAI

Banks like HDFC Bank, American Express, Axis Bank, etc. allow you to transfer credit card reward points to hotel loyalty programs like Marriott Bonvoy, ALL, Club ITC, etc. You can further use hotel loyalty points for free hotel stays during your vacation. from mint - money https://ift.tt/lJnUtvh https://ift.tt/QAy1dtX

The Netflix film ‘The Archies’ intertwines financial wisdom into a nostalgic narrative, illustrating lessons on savings, investments, and navigating change, all within the beloved backdrop of Riverdale and its endearing characters. from mint - money https://ift.tt/pXfUew1 https://ift.tt/fVyUuDs

Favourable economic indicators and a steady interest rate environment have the potential to draw investments into the banking sector, fostering additional growth and advancement. With the anticipation of interest rates remaining stable, heightened interest is expected in the housing loan sector. from mint - money https://ift.tt/x4aScVn https://ift.tt/CweKXGs

Consumer spending in India is increasing, with 58% of families reporting higher spending and 46% feeling financially secure. from mint - money https://ift.tt/nQEaGj1 https://ift.tt/Qk7mgPO

Diversification is vital in investments, and exploring beyond the domestic stock market can broaden opportunities. Indian international mutual funds, like those emphasizing the S&P 500, provide Indian investors access to the thriving US equity market. from mint - money https://ift.tt/s2dHLMh https://ift.tt/MCiVfpS

Financial analysts anticipate that the key policy rates will likely remain unchanged, given the gradual convergence of inflation towards the RBI’s target level and the upward trajectory of economic growth. Individuals looking to secure loans can find relief in the absence of imminent rate hikes. from mint - money https://ift.tt/yKQWI51 https://ift.tt/ZkIb5XW

The medium-term outlook for equity markets is not positive due to various domestic and global factors. However, there are opportunities for savvy investors to tidy up their finances and take advantage of market corrections. from mint - money https://ift.tt/hugml2y https://ift.tt/tVoR6vy

The collaboration between Bajaj Finance and Fixed Invest will enable the fintech startup’s FDs to be accessible on their platform. from mint - money https://ift.tt/2QdP5yc https://ift.tt/nTILs1Q

Federal Bank has adjusted its deposit rates, raising rates for both resident and non-resident deposits. from mint - money https://ift.tt/H50nbTi https://ift.tt/uQXAdYs

Apart from ICICI, HDFC Bank, Bank of India, Federal Bank too have revised rates on fixed deposits from mint - money https://ift.tt/UhfRJTi https://ift.tt/MXOk2dY

Investors who have booked profits on listing gains will be liable to pay a short-term capital gains tax of 15%, said Nirav R Karkera (Head - Research, Fisdom) from mint - money https://ift.tt/Ij6xl0G https://ift.tt/64kEgOT

The exemption in respect of long-term capital gains on the sale of a residential house held for 2 years or more can be claimed if the indexed long-term capital gains are invested for the purchase of another residential house within two years from the sale of the original property. from mint - money https://ift.tt/ZRA59rJ https://ift.tt/9KQxhPB

The rise of QR code scams poses a significant threat to the expanding digital payment landscape from mint - money https://ift.tt/BbRaJ1f https://ift.tt/nwJkW50

Subsidies on EV reduce its upfront cost. There is no registration fee and road tax either from mint - money https://ift.tt/zKaMp2x https://ift.tt/bSD5zcI

The desire for financial security is rapidly expanding, as indicated by the findings of Hunch’s survey. The results revealed that an impressive 34.4 percent of Generation Z individuals identified achieving financial success as their main bucket list goal. from mint - money https://ift.tt/cKl0Gf7 https://ift.tt/lFvJEmn

Pradhan Mantri Jan Dhan Yojana (PMJDY) 2023: This scheme has been introduced to include all classes of the society of the people of India in financial services from mint - money https://www.livemint.com/money/personal-finance/pradhan-mantri-jan-dhan-yojana-pmjdy-2023-eligibility-benefits-and-other-details-here-11701755576648.html https://ift.tt/JpQv0Aq

Let us decode the five most common online payment scams in India that you must know from mint - money https://ift.tt/7SEr1Dw https://ift.tt/vfQTwSE

PFRDA's new circular allows NPS subscribers to evaluate and choose fund managers based on past performance and long-term potential from mint - money https://ift.tt/cfUFIQK https://ift.tt/4UXOShJ

BOB Parivar Account includes savings and current accounts, with different balance requirements and associated benefits from mint - money https://ift.tt/PzYWqQI https://ift.tt/PjDqMH5

It wants to launch a FoF, said the two people who did not want to be identified from mint - money https://ift.tt/jvWkPTz https://ift.tt/2mNkHt1

Find out the answers to how much ‘should’ I invest and how much ‘can’ I invest from mint - money https://ift.tt/8spXGM5 https://ift.tt/IZibUYB

Michael J. Mauboussin, widely recognized for his expertise in successful investing behaviour, emphasizes the importance of cultivating mental discipline and relying on skill to reap the rewards of stock market investments. from mint - money https://ift.tt/Id5ihNQ https://ift.tt/njMLYAJ

Rather than purchasing individual health insurance policies, consider opting for a family health insurance plan. With just one premium payment, this plan provides coverage for multiple family members, offering a more comprehensive and cost-effective solution. from mint - money https://ift.tt/UHwuVjY https://ift.tt/q4Rmse5

Choosing the appropriate mutual fund scheme(s) for your investments is a question subject to much debate, with no singular answer. To address this query, investors need to be open to contemplating a myriad of factors that influence investment decisions. from mint - money https://ift.tt/1XP4LHS https://ift.tt/UP1rhKl

Mutual funds remain the preferred investment option among Indians, followed by fixed deposits. Nonetheless, a significant majority still favors storing their funds in savings bank accounts. from mint - money https://ift.tt/3TUo7PA https://ift.tt/OckCxts

Animal is about a man who seeks revenge for his father's death, while Sam Bahadur is a film about the life of Field Marshal Manekshaw. The two films offer different lessons about inheritance and investing. from mint - money https://ift.tt/hnN2BQZ https://ift.tt/f4rGO2x

While doing your year-end financial planning review, adopt budgeting, maintain an emergency fund, buy life and health insurance, follow goal planning, do tax planning, and make a will. from mint - money https://ift.tt/SCwkMO4 https://ift.tt/pKmzdJE