Category: Finance

My wife and I are both NRIs. She owns a residential property in India which she has rented out. She requested the tenant to credit one month’s rent into my NRO account…

If you have started using credit card (s), you need to create a budget for your spending. By doing so, you can make sure that that your monthly expenditure remains under control….

A credit card can be an incredibly useful tool to build your personal brand by helping you develop a reputation of credibility, financial responsibility, and exclusivity so long as it aligns with…

Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return (ITR) for AY 2024-25. The last date to file income tax return…

With Donald Trump winning the US Presidential Elections 2024, investing in the US stocks has suddenly become sought after. The S&P 500 briefly surpassed the 6,000-mark and closed with its biggest weekly…

Warren Buffett’s most famous advice is to buy companies with strong moats when they’re available at reasonable valuations. But do you know his second most famous piece of advice? Buy a low-cost…

Before investing in a fixed deposit (FD), it is recommended to compare the interest rates offered by different banks. Typically, banks offer a higher rate of interest to the term deposit of…

An insurance distributor has suggested that I pay the premium to them instead of the insurance company. They are offering attractive premiums. What measures can I take to ensure I am not…

If you stay invested in a mutual fund for a long period of time, the returns tend to grow multifold for what is known as ‘compounding’. The gains earned in the first…

If you are an EPF (Employees Provident Fund) subscriber and keen to check the account balance and/or the last contribution made, the process is super easy. You need to only give a…

With Donald Trump all set to take over as the 47th US President, the markets in America reacted quite positively to the news. S&P 500 and Dow Futures hit a record high…

I am a divorcee with two children. If anything unfortunate happens to me, can my ex-husband claim a share in my estate? Will my children inherit property from my ex-husband should he pass…

If you are planning to lock your savings in a fixed deposit (FD), it is reasonable to check the interest rates offered by different banks. Although most depositors prefer to open a…

Ranked as the second most expensive country in the cost-of-living index, Iceland offers beauty at a premium. But with some strategic planning and clever spending, the Pune-based couple managed to turn their…

I have been a non-resident Indian (NRI) for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account. In FY25, I sold some shares and…

I plan to opt for the new tax regime when filing my ITR for AY 2025-26. Currently, I am on the old tax regime, so the 12% of my salary to the…

Setting up UPI for NRIs NRIs must first link their international mobile numbers to their NRE or NRO bank accounts. This step is most important for enabling UPI or Unified Payments Interface…

I own a house in Rajasthan, for which I took a loan. The loan has been paid up substantially. I have been living in Haryana for the last four years. I want…

For most credit card users, one of the most common use cases is to buy merchandise now and pay for it at a later date, say a month later. Shopping online or…

Those who grew up watching Doordarshan, those who read Amar Chitra Katha, those who have heard the texts being chanted at homes, have seen many interpretations of the epic Ramayana in folk…

With the prevalence of digital payments, it is quite common among the public at large to use a unified payment interface (UPI) service for a slew of transactions. Be it for paying…

Starting November 1, 2024, a series of significant changes will impact daily life for citizens across India. These updates span various sectors, particularly financial regulations, including a key new rule from the…

Credit cards can be a convenient option for paying insurance premiums, which are the amounts required to maintain an insurance policy. Timely payment of these premiums is crucial, as failing to do…

Have you received an expensive gift from someone this Diwali? It could be an expensive watch, a rare painting, a piece of jewellery, or even a pair of branded shoes. Although a…

When you sell your old piece of jewellery to buy a new one, you are meant to pay capital gains tax on the sale. It is vital to note that the sale…

If you are a regular credit card user, it is vital for you to clear your bill on time to keep your credit score intact and avoid paying late fee as well…

If you want to make the most of the high interest rates which prevail in the current market, you may consider locking some of your savings into fixed deposits. Meanwhile, equity markets…

If you are a regular traveller and use airlines on a frequent basis for the purpose, the rewards that you earn on your credit card spends can be utilised for booking flight…

You never know when a financial emergency might arise. Personal loans are one of the most preferred forms of debt during such times due to their versatility and diverse uses. Here are…

I’ve retired at 60 with a corpus of ₹4.3 crore and my monthly expenses are ₹2 lakh. With a life expectancy of 85, how should I invest to maintain steady income while…

If you are new to the credit card universe, it is important for you to know that one of the key incentives for most users while applying for a credit card is…

Is it possible to bounce back from the brink of bankruptcy to carve out a strong financial base for oneself? The answer to that question is yes, provided one has access to…

Financial planning and a disciplined savings plan are key to a secure future and peaceful retirement years. The process involves a timely start, strategic decision-making, discipline, and wise investments. In the latest…

A diversified investment portfolio consisting of equity and debt elements, some liquid funds for emergencies and some real estate exposure make young Harsh Mishra a real mascot for good financial planning for…

If you are planning to invest in mutual funds anytime soon then remember that Diwali is a good time to make a new beginning. There are a number of market veterans who…

If you are planning to apply for a credit card and are exploring a range of services that can take your experience a notch higher, then you may avail a range of…

If you regularly invest in foreign exchange (forex), then make sure you do so through genuine and authorised trading platforms. There could be a scenario wherein a fake trading platform entices you…

In India, where family ties are deeply rooted, it’s common for grandparents to think about the future financial well-being of their grandchildren. This cultural tradition stems from a sense of legacy, love,…

On 8th August 2024, the Reserve Bank of India (RBI) made an important announcement about the frequency of credit information reporting by banks/NBFCs to credit information companies (CICs) like CIBIL and others….

Secondary residency involves an economic contribution to the host country or a real estate purchase in exchange for residency rights. There are residency by investment programmes, also known as Golden Visas, all…

These modifications follow the Insurance Regulatory and Development Authority of India’s (Irdai) master circular on life insurance products (Insurance Products Regulations, 2024). Key changes include reducing the entry age to buy an…

As digital payments become increasingly integrated into our daily lives, credit card technology is evolving to meet the changing preferences of consumers. From contactless payments to mobile wallets, several trends are reshaping…

I’m a US citizen holding an OCI (Overseas Citizen of India) card. I own three apartments in India that I purchased in the early 2010s. I plan to sell two of them—one…

NEW DELHI : October 2023-24 brought a tax shocker. The rate of tax collected at source (TCS) on the purchase of foreign tour packages and foreign remittances under the Liberalised Remittance Scheme…

Mint spoke to some young families to find out how they deal with the various costs associated with parenthood. View Full Image Graphic: Pranay Bhardwaj The Google family Google Llc employee Aman…

You shout out all the Gabbar Singh dialogues, you know Veeru is going to be drunk atop the village water tank, you hold your best friend’s hand as Jai and Veeru celebrate…

After keeping the benchmark interest rate unchanged for ten consecutive meets, Reserve Bank of India (RBI) is expected to cut the repo rate in the next monetary policy committee (MPC) meet scheduled…

If you are planning to raise a personal loan, it is vital to ensure your finances are in order. For that, you are supposed to keep your monthly debt obligation within your…

In today’s fast-paced financial landscape, personal loans have become a go-to solution for various needs, from home renovations to unexpected medical expenses. However, the allure of quick access to funds can sometimes…

Have you ever felt a sudden need for money in the recent past? If yes, how did you manage to meet the requirement? Well, if you ever face a similar situation in…

That’s where a conditional will—one that lets you define how, when and under what circumstances your wealth is passed on—can make all the difference. Families are increasingly using such wills to ensure…

Despite the high valuations of benchmark indices, there is no significant risk of a major correction soon, Rahul Singh, Chief Investment Officer (equities) of Tata Mutual Fund, says in an emailed interview…

Mint recently spoke to a Jaipur couple who explored no less than 15 European countries over five weeks without breaking the bank. Here’s how they did it. Rucchika Samdan, a 34-year-old chartered…

Bank of Baroda has rolled out BOB Utsav Deposit Scheme which has a 400-day tenure. The state lender offers an interest of 7.30 percent for the general public on this special deposit scheme. …

A report by Anarock found the demand for 3BHKs has now surpassed that of 2BHKs, and the sale of high-end apartments (above Rs.1.5 crore) has increased nearly four-fold since 2021. Meanwhile, demand…

I am a NRI with a residential property in Mumbai that I have rented to a salaried individual. The monthly rent is ₹90,000 and the lessee has deducted TDS at 5%. In…

In today’s fast-paced financial landscape, credit cards have evolved beyond just a means of payment. They now serve as a vital financial tool that offers various supplementary benefits, including diverse insurance coverage….

If your landlord is a non-resident Indian, you must know some income tax rules that can affect you as a tenant. From the rent you pay to your NRI landlord, you must…

“After the visa rejection, I wanted to make sure I didn’t face any more visa issues. Both Laos and Vietnam offered e-visas, and Thailand offered visa-on-arrival. Also, these countries are well connected…

The Government of India has announced the buyback of its securities through auction for an aggregate amount of ₹25,000 crore (face value), announced Reserve Bank of India (RBI) on Friday. The G-securities…

I had invested in Sovereign Gold Bond (SGB). I opted for early redemption after the completion of five years. Are the profits made on such early redemption also tax-exempt, like redemption on…

If you have multiple loans to service and want to repay them in one go, what would you do? Raising a fresh loan doesn’t seem like a rational thing to do. You…

When considering a personal loan, one key factor to evaluate is the loan tenure, which refers to the repayment period agreed upon between you and the lender. Understanding the differences between short-term…

What would you do when you don’t have a credit history or a bad one and intend to procure a credit card? More likely than not, your credit card application will get…

Imagine someone offers you VIP tickets to a concert for which others are struggling to gain entry (Coldplay, anyone?) That’s what the Edelweiss Recently Listed IPO Fund, India’s only IPO-focused fund, promises…

They say what is in a name! Well, ‘everything’ when it comes to a credit card. It is a card which appears quite similar to a debit card but the meaning changes…

An application was made to the housing board for allotment of a plot of land in 2014, and application money of ₹1 lakh was paid. By 2015, the allotment was confirmed through…

Here’s everything you need to know about it. Investments LRS allows Indians to invest in listed foreign securities – both equity and debt. You can invest in mutual funds, exchange traded funds…

Personal loans are a flexible financial tool that can help you manage unforeseen expenses, consolidate debt, or fund significant purchases. However, securing approval for a personal loan can be challenging. To enhance…

Bank credit in India has been driven by the growth in personal loans which hints at increasing household leverages. These leverages had probably led to exponential rise in the domestic asset prices….

Speaking at an event organised in collaboration with the Financial Planning Standards Board (FPSB) India on the World Financial Planning Day on 4 October, Dipesh Shah and Pradeep Ramakrishnan, executive directors at…

I’m divorced and have to pay ₹90,000 alimony to my ex-wife. Can I claim tax exemption on the alimony? Can I claim a tax exemption on this alimony? Does it matter if…

Yet, even with e-visas and Electronic Travel Authorizations (ETAs) simplifying the process, travellers often face unexpected hurdles. From rejected applications to documentation pitfalls, understanding the fine print of these digital processes can…

If you have a wedding at home which is due in a month or two, and are clueless as to how will you arrange the money — there is a little that…

Gotham City’s Arkham prison is not a fun place. The inmates have been tortured and medicated into submission. Among the prisoners is Arthur Fleck – dubbed the Clown Prince Of Crime –…

If you are a student, then being unemployed and not having a credit history may come in your way of getting a credit card. There is, however, a way to procure one….

If you are planning to get a credit card, then it is important to note that there are plenty of them to go for. Some credit cards offer travel reward points, while a…

When you want to raise a personal loan for an immediate need, there are a number of banks and non-banking financial institutions (NBFC) which you can approach. But have you ever wondered…

The importance of wealth creation extends far beyond individual prosperity – it’s a catalyst for societal progress and national development. As we embark on this journey, it’s crucial to understand why wealth…

This comes at a time when health insurance premiums for senior citizens have been soaring. But will it be a good idea for senior citizens enrolling for this scheme to let go…

When you apply for a personal loan, you need to consider several factors, including comparing the interest rates and processing charges of different banks and, importantly, computing the monthly instalment using a…

Mint takes a closer look at what steps the regulator has taken to check the activities of unregistered advisors and what more Sebi can do about it.   Why is Sebi acting…

If you have yet to file your income tax return (ITR) for FY2023-24, be sure to do so before the deadline, which expires on July 31. And even if you don’t have…

Despite her business acumen, Jyoti struggled to make informed investment decisions, often finding herself swayed by emotions and biases. On the other hand, we have Shyam, a seasoned investor in his early…

I have been working in merchant navy for five years. Every year, the high seas voyage amounts to about six-seven months. However, during FY24, due to my marriage, I could not serve…

When the Reserve Bank of India (RBI) is expected to slash repo rate later this year, this is seen as a good time to lock your money in fixed deposits. Ideally, one…

When it comes to managing money or investing, we all feel like our way is the right way because it works for us. We convince ourselves that the financial choices we have…

The last date to file income tax return (ITR) is July 31, which is just around the corner. Taxpayers can pay their income tax online on the e-filing portal. After you fill…

The Reserve Bank of India (RBI) penalised five banks including Punjab National Bank (PNB) with various RBI directions, reported The Economic Times. RBI imposed a penalty of ₹1.31 crore on PNB, which…

Ageas Federal Life Insurance recently introduced its latest product: Ageas Federal Life Insurance Golden Years Pension Plan featuring the Bluechip Pension Fund. This plan provides a complete solution to safeguard policyholders’ financial…

As a taxpayer, you must be aware of the fact that the new tax regime is now the default regime. Therefore, one has to opt for the old tax regime in case…

To decide whether to apply for a specific credit card, you should know the benefits and the costs involved. Usually, the features and benefits are highlighted in bold in media campaigns. However,…

As the last date to file the income tax return (ITR) looms closer and you have not yet filed the return, it is imperative to first decide the tax regime you plan…

Submitting your Income Tax Return (ITR) in India is not only a legal requirement but also provides various benefits for taxpayers. Here’s an overview of some major advantages: Steps for online registration…

Students planning to go abroad for higher studies tend to apply for a forex prepaid card with foreign currencies loaded into it. Almost all major banks in India offer forex prepaid cards….

Spending money overseas through credit card does not come under the liberalised remittance scheme limit yet, but it may change in the near future. And if it does, credit card users may have…

If you have invested in cryptocurrencies in the financial year 2023-2024, then the chances are that you earned significant profits in the year gone by. Most top crypto currencies reported noticeable jump…

Early retirement can indeed be a cherished goal for many individuals, despite the challenges that may accompany its pursuit. Early retirement necessitates accumulating enough savings to sustain oneself potentially for decades, demanding…

Axis Bank and Piramal Finance have partnered to establish a co-lending business aimed at extending loans to underserved segments in India. This partnership aims to reach middle and low-income borrowers who lack…

Estate and succession planning is now a priority for a lot of families and it might not necessarily be restricted strictly to the elite families. It is seen that a lot of…

Das started his financial planning journey in 2020, but he was not a first-time investor. “I had made my first mutual fund investment in 2012 and kept making investments here and there,…

As the deadline for filing ITR, 31 July 2024, approaches, several significant financial deadlines and regulatory changes are set to take effect. Here are some crucial last dates to remember. Key Deadlines:…

Personal Loan Rates: Over the past few months several private lenders such as ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and Axis Bank had increased interest rates on personal loans (PLs) after…

Kalki 2898 AD released in theatres in India on June 27, 2024 to a rousing reception. The movie has a stellar cast that includes Prabhas, Deepika Padukone, Amitabh Bachchan and Saswata Chatterjee. …

HDFC Bank will implement revised credit card terms effective August 1st, 2024, aligning them closely with industry standards observed by other banks. The revised credit card terms include: HDFC Bank will introduce…

You often hear that it is essential to diversify mutual fund investments across asset classes and categories. However, it’s equally crucial to vary investment styles within a category. You can pick a…

Well, if you stick with me till the end today, you will perhaps feel better about yourself. And, maybe also figure out a way to get back in. (Of course), let’s start…

There have been stories in the media recently about the huge amount of cash that active equity mutual fund (MF) schemes have been sitting on lately. As of May 2024, in absolute…

It’s been a little over two years since Axis Mutual Fund (Axis MF) faced a front-running scandal. Since then, the fund house has undertaken a significant restructuring of its senior management to…

MUMBAI : Sectoral and thematic funds received over ₹19,000 crore in net inflows in May, according to monthly data from the Association of Mutual Funds in India (Amfi). Nearly half of this…

In an interaction with Mint, Kumar, known as the 80:20 investor, discusses his investment portfolio, his reasons for avoiding real estate, and why diversifying investment styles is as important as asset allocation. …

The fine was issued under Section 42(7) of the Companies Act, 2013, which says, “No company issuing securities under this section (read: unlisted securities) shall release any public advertisement or use any…

However, the advent of fractional ownership is transforming this landscape, making commercial real estate accessible to a broader spectrum of investors. Fractional ownership provides real estate owners and developers with a source…

With this fund, Khemani, a Portfolio Management Service (PMS) manager, aims to capitalize on India’s economic trajectory, betting on sectors expected to undergo substantial growth, including manufacturing, banking, infrastructure, and consumption, as…

If a foreign company offers stock options to employees of an Indian company, the domestic firm must report any future transactions involving these shares to the Reserve Bank of India (RBI), despite…

Pandey, who retired more than two decades ago and now relies on his pension and mutual fund (MF) systematic withdrawal plans (SWPs), admits that he did not feel the need to commit…

Most people fear the idea of estate planning or laugh it off thinking they are immortal. Estate planning is about ensuring your loved ones or a third party get access to your…

For Anand Radhakrishnan, it’s a full-circle moment. Starting as a fund manager at Sundaram MF, he now returns as the new CEO. In an interaction with Mint, he shares his vision for…

Recently, social media has been inundated with inquiries from people seeking advice on how to position themselves in anticipation of significant events, such as trends emerging from the general election at 9.15am…

In this environment, Deepak Shenoy, founder and CEO of Capitalmind, launched a momentum strategy in his portfolio management service (PMS). In May 2020, he published a whitepaper showing that even the simplest…

In a landmark ruling, the Karnataka High Court has pronounced specific regulations for international workers within India’s provident fund law as unconstitutional and arbitrary. To comprehend this decision, it’s essential to review…

Guin began his career in software sales, but now works in a strategy role at a large telecom firm, which he transitioned to after earning an executive MBA at the Indian Institute…

Financial derivatives play an essential role in the growth and expansion of the securities market by providing investors with cost-effective risk management tools, opportunities for investment diversification, and improving the markets’ overall…

Sector rotation sounds easy to implement, but it can be a complex undertaking. This is because all sectors in an economy do not perform equally well at any given point of time….

When we welcomed 2024, a cloud of uncertainties loomed large. Central banks worldwide grappled with the challenge of taming red-hot inflation, while rate cuts lingered on the horizon but were not in…

In recent years, the concept of “sachetization” has been gaining momentum in India’s financial markets. Commenting on this trend, Madhabi Puri Buch, chairperson of Securities and Exchange Board of India (Sebi), recently said “We…

Vishal Khandelwal, founder of ‘Safal Niveshak’—a popular blog on investing that is now into its fourteenth year—is one such investor. Khandelwal says Munger’s words struck a chord with him and he has…

The 53-year-old, a chemical engineer at a Gujarat-based fertiliser company, aims to maintain 50% allocation each in equity and debt. “I am a firm believer of ‘keep it simple, stupid’ (KISS). I…

“Even compared to gold, silver is beginning to look good. Unlike gold, silver also has some linkage to industrial demand. The US leading indicator on industrial production is also looking good. So,…

In April every year, one tradition remains constant – employees finding their inboxes swamped with requests for investment declarations, marking a period for heightened financial awareness. With the dawn of the fiscal…

In a world of neat labels and professions, it is difficult to assign one to Nikhil Kamath. He is the co-founder of India’s largest brokerage, Zerodha. But he is also a hedge…

Such is the sorry state of affairs in India’s glowing real estate sector. For most people, buying a house is both a financial and life goal. But risks abound, especially if you…

Is it possible to get good returns from a market that is at an all-time high? I am often asked this question and my reply is always in the affirmative. There are…

There are certain investors who believe in the great India growth story, but are wary of taking incremental exposure. This is not about aversion to equity or timing the market. There is…

After four-five years of staying away from it, Parekh has invested in DSP Strategic Bond Fund, an actively-managed duration fund. The fund is currently invested in debt papers that are of eight-nine…

However, complete and effective financial inclusion encompasses far more layers than just owning a bank account. It implies, inter-alia access to a comprehensive set of financial services that include savings, credit, insurance,…

There are two different ways to insure oneself against CIs—a rider offered by life insurance companies along with the main policy or even a stand-alone policy or rider offered by health insurance…

When we think of pocket money, it often takes us back to our childhood days when our parents would give us a few “bucks” for little treats or personal expenses. But what…

View Full Image Graphic: Paras Jain The index—Nifty Smallcap 250 Momentum Quality 100—has been created by National Stock Exchange (NSE) based on discussions with Mirae Asset MF. Mirae Asset Nifty Smallcap 250…

The National Pension System (NPS) is one of the most cost-efficient retirement planning products that comes with a prudent risk management framework and close regulatory oversight. The NPS ensures a comfortable retirement…

View Full Image The SBI fund will be benchmarked against the Nifty Energy Index, which has delivered 20% annualized returns over a five-year period (as of 31 January), as against 14.9% annualized…

Three years since the Reserve Bank of India (RBI) launched the AA framework— a financial data-sharing system aggregating a customer’s financial information in one place, more banks are offering this facility to…

Niranjan Vemulkar, co-founder and chief executive officer of Yellow, a digital will-making platform, shares an example. “We know of a case where the breadwinner went into a coma. His assets were frozen…

A reputed residential real estate developer, say DLF, Godrej, Tata, Prestige, Purvankara or Shriram, can easily command a 20-30% premium for their branded apartments, as compared to a local developer, say real…

Quant MF also has a smaller exposure to other Ambani companies like Just Dial, Network 18 and TV 18. All this collectively takes its exposure to the group to about 16%. View…

If you’re an individual taxpayer or Hindu Undivided Family (HUF) with agricultural income, the interim budget has clarified the treatment of agricultural income while computing taxes under the new tax regime. The…

prefer to have in their portfolios. Realty prices, albeit for residential real estate, are soaring across the country after the lull witnessed during the pandemic. The commercial real estate market is set…

In the run up to the Budget 2024, the Government of India’s ministry of finance has drawn attention to a number of Budget promises which were fulfilled in the recent past. This has been…

The chaos that Gurunandan witnessed that day was, however, not restricted to Udaipur airport alone. Such chaotic scenes were witnessed at Delhi and some other airports in north India. Several flights were…

View Full Image Graphic: Paras Jain Here, we look at three such funds; their recent and historical performance and what investors can expect from them. ABSL Frontline Fund It is a large-cap…

The conventional approach to index construction for a portfolio relies on market capitalization for weightage of stocks. However, the emergence of ‘smart beta’ strategies that seek to passively follow the indices have…

At such high fees, what makes these cards attractive? Do the rewards exceed the fee? This story breaks down ultra premium credit cards for you to decade whether you need this plastic…

India’s life insurance industry has come together to bridge the high protection gap—the difference between available insurance cover and actual needs in case of a policyholder ‘s death— by organizing awareness campaigns…

It is an unprecedented move that is likely to open the flood gates for infusion of fresh funds by foreigners into India’s stock market. One of India’s leading asset management companies (AMCs)—HDFC…

While beach holidays have always been popular among Indian travellers, Lakshadweep has never really been in their itinerary thus far. That distinction would go to Goa, which has been the most sought-after…

“Pure term plans exist but we cannot ignore customers asking for the survival benefit. High sum-assured Ulips offer this in the best way possible,” says Piyush Trivedi, joint president and head, Alternate…

Indian start-ups had a relatively tougher time in the past year, yet over 950 tech start-ups saw the light of the day, taking the total tally to a whopping 31,000 in the past 10…

Dividends from central public sector enterprises (CPSEs) are likely to cross ₹50,000 crore during the current fiscal for the third year in a row. It has already exceeded the Budget Estimate (BE) during…

Retirement planning is crucial for financial security and a fulfilling post-work life. In India, the National Pension Scheme (NPS) tier 1 account has emerged as a popular option for building a retirement…

Let me take you back to March 2020. A virus that threatens to bring the world to an end is knocking on the door. No one has any clue what will happen…

In this digital age, financial transactions, including instant loan applications, have become effortlessly streamlined with just a click of a button. This ease of access has given rise to an alarming surge…

Welcome to the world of Gabby Gingras— the girl who does not feel pain. She was about a day old when a nurse pricked her heel to draw blood—something that makes most…

As per the Reserve Bank of India (RBI) data, net financial savings of households fell to a nearly five-decade low of 5.1% of GDP in FY23, down from 7.2% in FY22. For…

It’s time to reflect on events last year that made us form views and opinions for the future. On the global financial market front, 2023 turned out to be a bad year…

Embracing the spirit of a new year, it is imperative that zillenials chart their course by establishing financial goals. This entails not only envisioning career milestones but also delving into the intricacies…

India presents an attractive opportunity for investors seeking high growth potential in a volatile global environment. Yet, people need to carefully consider the following factors before making investment decisions. Growth and potential:…

The year 2023 was perhaps a good year for crypto prices as they recouped the previous year’s losses considerably with bitcoin spiking by 165 percent. When it comes to a set of regulations, digital…

Rupay has launched an exclusive New Year Cashback offer which is applicable from December 30, 2023, to January 1, 2024. The offer which is applicable on RuPay Credit Card UPI transactions is…

They say that the change is the only constant. The New Year 2024 will certainly be different from 2023, yet similar in the way that this, too, will usher in a slew…

If you have a UPI (Unified Payments Interface) account with any of the popular apps such as Google Pay, Phone Pay or Paytm, and have not been able to use it for a…

The Income Tax Department has reminded the taxpayers who missed the July 31 deadline to file their income tax return (ITR) for the financial year 2022-23. In a post on social media…

The government, on Friday, announced the interest rates for small savings schemes applicable in the January-March 2024 quarter. As of March 31, 2024, select small savings schemes and post office schemes will…

Financial panning decisions are not easy. 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…

This is ten times the 2011-12 data when total amount of frauds amounted to ₹4,497 crore out of 4,091 cases. The data refer to the frauds of ₹one lakh and above. Most…

Free mutual fund platforms in India, such as Kuvera and MF Utilities, are gearing up for a change of avatar —They will soon be execution-only platforms, or EOPs. In the case of…

The National Payments Corporation of India (NPCI) has started the process to deploy ‘UPI Tap and Pay’ across digital payment providers soon after the apex body released details on the feature’s roll…

In investment circles, the concept of “alpha” is well known and discussed. It basically refers to outperformance of a fund relative to its underlying index and alpha is what fund managers are…

The unique combination of investment in mutual funds, debt market, and life insurance coverage has always attracted investors to different unit-linked insurance plans (ULIPs). These plans also help in investing for long-term…

I am 40 years old, work in a private company and live with my husband in my own house. We have no children, hence are mostly saving for our retirement. I have…

It seems the era of fixed deposit (FD) rate hikes is not over yet. Even as the Reserve Bank of India (RBI) maintains the key repo rate at 6.5 per cent for…

I will retire in January 2024. Is it mandatory to withdraw Provident Fund (PF) corpus immediately after retirement or can I stay invested for two or three more years? If I’m allowed…

Studying abroad is a dream for many Indian students and it is undoubtedly an endeavour that requires competent financial planning. Education loans are a great instrument when it comes to giving meritorious…

The Central Board of Direct Taxes (CBDT) on Saturday notified Income Tax Return forms 1 and 4. In a post on X platform (formerly Twitter), the Income Tax (I-T) department announced that…

As bulls continue their run on Dalal Street, retail investors have more reasons to cheer than one. Sceptics may say that the music may stop anytime, but the optimists argue that it is hard…

There are more than 19 million crypto investors in India, out of which, 9 percent belong to the fairer sex. The year 2023 was reasonably positive for the overall industry with Bitcoin…

In order to achieve long term financial goals, investors tend to buy a bouquet of financial products and keep them in their portfolio such as equity, fixed income instruments, term plan as…

When creating an estate plan, the first step is to ask yourself, “What do I hope to achieve with my estate plan?” Different families often have different objectives and expectations from their…

The latest release of sovereign gold bonds (SGBs) has attracted a surge of eager investors, both online and offline. The continuous growth of gold prices surpassing the current inflation rate has prompted…

I have always advocated financial freedom, the ability to do anything you wish to do in life without worrying about money as the most important goal for all investors. This freedom cannot…

Adani group stocks have garnered portfolio investments amounting to more than ₹52,000 crore (more than $6 billion) in 2023 from global strategic investors, retirement, and insurance funds. This is nearly one-third of…

Investing in the right fund or product by itself doesn’t assure wealth creation. Smart investors rely on process and discipline. This process is reviewed and repeated for multiple years. The choices we…

Elderly individuals who bank with Bandhan Bank can now celebrate a new initiative tailored just for them, known as ‘INSPIRE’, recently introduced by the bank. The ‘INSPIRE’ program extends the existing perks,…

My mother left all of her immovable assets and shares worth ₹10 lakh to me and my sister. However, a fire broke out in our ancestral home months ago and we could…

Mutual funds have become a popular investment category. However, investors must invest in suitable mutual funds that align with their goals and risk tolerance. Data from AMFI shows that the investors’ interest…

What are some common mistakes that can negatively affect my credit score, and how can I avoid them? —Name withheld on request A strong credit score is a good field to monitor…

The Reserve Bank of India (RBI) announced the Sovereign Gold Bond (SGB) Scheme Series III for the fiscal year 2023-2024, which is scheduled to open on December 18 and will close on…

Reliance General Insurance Company introduced “Reliance Health Global”, a healthcare policy aimed at providing Indians with access to global healthcare. This policy offers comprehensive coverage not only within India but extends its…

Canara HSBC Life Insurance has introduced “Alpha Wealth”, a program designed to empower individuals to reach ambitious life goals. This plan not only serves as a shield of life insurance but also…

Kotak Mahindra Bank has joined forces with GetSetUp, a peer-to-peer platform, to provide a diverse range of health and wellness opportunities for senior citizens through the Kotak Grand Savings Programme.  Through this…

December 31, 2023, is a significant deadline for individual mutual fund investors and demat account holders, as mandated by the Securities and Exchange Board of India (SEBI). It is mandatory for these…