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March 29, 2023 06:11 AM IST Sebi in June 2022 had mandated nominations or opting out of nominations for all the existing individual unitholders.
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March 28, 2023 05:42 PM IST Tax treatment for gains made on investments through NPS Tier-II accounts ought to be similar to that of mutual funds, but remains a grey area in the absence of a formal government notification, say tax experts
- March 28, 2023 06:33 PM IST
Commission payouts in the insurance sector are high, especially when compared to other financial sector segments such as mutual funds where expense ratios have been trending downwards.
- March 28, 2023 11:17 AM IST
Though there is a clear tilt towards open-ended funds, some wealth managers prefer to play it safe with target maturity funds (TMFs). Broadly, it makes sense to invest in a scheme the duration of which matches your investment time-frame.
- March 28, 2023 08:44 AM IST
A Will is a must if you want to pass on your assets as per your wishes, but that comes into effect only after the testator passes on. A trust and a power of attorney takes care of people when they are alive. A solid estate plan includes all three.
- March 28, 2023 09:41 AM IST
Finance minister Nirmala Sitaraman proposed the amendment to introduce marginal relief, implying that the tax liability cannot be greater than the income that exceeds the threshold.
- March 27, 2023 03:24 PM IST
Arbitrage funds have friendlier taxation
- March 27, 2023 12:13 PM IST
With the indexation benefits gone, debt funds will focus on generating better returns compared to bank fixed deposits. If that happens, they will still be a good bet for long-term fixed-income investors
- March 27, 2023 08:32 AM IST
Though experts are recommending short to medium-duration products for the regular investor, savvy investors are eyeing long-duration funds like Bharat Bond 2031 ETF and Bharat Bond 2032 ETF as well.
- March 27, 2023 07:01 AM IST
Don’t just go for the policy with the lowest premium. Conditions could apply, and you could end up spending a lot more than you saved on the premium.
- March 26, 2023 07:33 PM IST
Investors should look at their asset allocation, and if there’s a need to buy more international funds, only then should they invest. Taxation shouldn’t be the only reason to invest, experts say
- March 24, 2023 05:53 PM IST
The amendment to the Finance Bill, 2023, proposes to bring taxation of debt mutual funds on par with other debt instruments, like fixed deposits, by abolishing long-term capital gains. This also closes the indexation facility that came with it.
- March 25, 2023 09:32 AM IST
Balanced advantage funds stand to gain as experts predict that conservative investors might shift to them to get the equity tax advantage
- March 24, 2023 10:34 AM IST
Taxpayers can use the mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, Other Information (GST Data, Foreign Remittances, etc.) as available in the Annual Information Statement or Taxpayer Information Summary.
- March 24, 2023 10:44 AM IST
The Quant Dynamic Asset Allocation Fund will dynamically switch between equities and debt. The one difference this scheme has from existing balanced advantage funds is that it doesn’t insist on a minimum 65% equity exposure at any time. The NFO opened on March 23 and will close on April 6
- March 24, 2023 11:18 AM IST
Capital gains from debt funds, international funds and gold funds bought from April 1, 2023, onwards will be taxed as short-term capital gains.
- March 24, 2023 08:07 AM IST
Integrating credit cards with UPI will increase the usage of cards at smaller outlets, helping one manage one’s cash flow without breaking the bank.
- March 23, 2023 04:42 PM IST
If you want to play the India growth story over the next 5-10 years, there is a lot of opportunity only in mid and small caps, says its Head of Equity.
- March 23, 2023 07:18 PM IST
The person holding a credit card of other bank is eligible to apply for a lifetime free credit card on SwipeUp platform. The users get one of the AU Small Finance credit cards as upgraded option from AU Xcite series launched with three variants.
- March 22, 2023 12:07 PM IST
Optimists had hoped that global dislocations would not impact Indian banks, but data shows otherwise. Banking funds have delivered the worst returns among all the mutual fund categories at -9.13 percent since the start of the year.
- March 22, 2023 08:29 AM IST
With inflation still elevated and the banking sector facing a question mark, the world is looking at this week’s meeting of the Federal Reserve. But that doesn’t mean you should change your portfolio. Not yet, at least.
- March 22, 2023 06:49 AM IST
These mid-cap stocks aren’t just favourites with MF and PMS. Aside from being top holding stocks, they’ve also hit their 52-week lows recently. That might well be an opportunity for those who can take on some risks
- March 21, 2023 03:50 PM IST
The clock has started ticking for those who have not made their tax-saver investments yet. March 31 is the last date to complete your tax-planning exercise for the financial year 2022-23 and claim deductions of up to Rs 1.50 lakh under Section 80C. Well, better late than never. But we tend to make mistakes, when in a rush. Watch this video to find out 4 mistakes that you need to avoid while devising a tax-saving plan at the last minute.
- March 21, 2023 08:00 AM IST
Bandhan US Treasury Bond 0-1 Year Fund-of-Fund will invest in US short-term treasury securities. But with scores of Indian fixed income bond funds giving higher yields, this might not suit everyone.
- March 21, 2023 07:58 AM IST
Planning for an international tour during summer vacations? Here's a list of top five credit cards that offer travel related benefits on flight bookings, hotel stays and memberships.
