10 Ways to Save Tax – beyond 80C

10 Ways to Save Tax – beyond 80C

Most people start tax-saving investments when the financial year is about to end. Those investments are mostly related to taking the benefit of 80C, on 1.5L per annum. Some people are aware of the additional tax benefit of 50k under section 80CCD(1B), by investing in NPS. Here let us discuss some less known tax-saving ways beyond the benefit of 80C.  1) Are you a Government employee and contributing to General Provident Fund (GPF)? You can contribute from 6% of your salary to 100% as per your own choice and interest on your annual contribution up to 5L will be tax-free. This is because …

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How to choose a good health insurance policy?

How to choose a good health insurance policy?

With the times we are in, health insurance is on everyone’s mind, and it’s rightly so. Buying the right policy can make all the difference in your life. With medical inflation skyrocketing, it is even more pertinent to be familiar with health insurance policies. The number of health policies available in India is upward of 150 – you may not be entirely correct if you think this gives you a lot of choices. A large number of choices gives rise to what is known as the paradox of choice –it describes how people generally get overwhelmed when faced with a …

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10 Points You should know about Bharat Bond ETF

10 Points You should know about Bharat Bond ETF

Close on the heels of RBI launching its platform, RBI Retail Direct, to facilitate retail investors purchase government securities, treasury bills and sovereign gold bond, the Union government has come up with its third tranche of Bharat Bond ETF issue opening for NFO subscription from 3 December 2021 and closing on 9 December. Thereafter you can buy or sell units of Bharat Bond ETF from stock exchanges.    If you are on the lookout for a safe investment instrument offering higher return and tax benefits compared to bank fixed deposits and at the same time having the liquidity of a stock exchange, bond ETFs …

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10 Things to know before buying a Health Insurance

10 Things to know before buying a Health Insurance

The amount of premium you pay for your health insurance policy should not be the only determinant for selecting a health insurance plan. Cheaper plans provide only a basic cover and may not offer all the features you need. In contrast, the more expensive ones may provide additional benefits which you may never use. Before you choose a Health Insurance Policy, you may consider the following pointers to select the most suitable option for yourself- • Individual Policy vs. Family Floater Plan – This covers all family members from children to senior citizens under a single plan. The cover floats on all …

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Looking to invest in G-Secs? Here’s What You Should Know

Looking to invest in G-Secs? Here’s What You Should Know

With all the buzz around RBI’s new Retail Direct platform, we are thrilled to cover government securities (G-secs) in this week’s blog. Through the RBIs retail direct platform, individual retail investors can now purchase G-secs directly from the RBI without the involvement of intermediaries. Before you go all-in with your G-secs investing spree, let’s understand G-secs and risk and returns you should be aware of. G-Secs are debt instruments issued by India’s central or state government via the RBI (Reserve Bank of India) to borrow money from the investors. This is a frequent source of fundraising by the government agencies to finance infrastructure …

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6 Points to remember while applying for an IPO

6 Points to remember while applying for an IPO

IPOs generate a lot of excitement whenever they are announced. With the Nykaa fever just behind us, you must be wondering if you missed the bus. Here’s what you should know about an IPO before applying for one the next time it’s announced.  1. Understand what an IPO is – It is a process whereby a privately held company offers its share to the public for the first time. It is also when promoters, angel investors, venture capital firms, and private equity firms typically sell their stakes.  You should look at major stakes in the company: who is exiting and what part of the money is being …

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3 points why is selling more important than buying in stock investments

3 points why is selling more important than buying in stock investments

Buy it and forget it. If this is the strategy you are following to make money in stock investment, think again. Stock markets do not go up in a straight line. In between scaling new highs, the market goes down to climb up again. This is where selling a stock plays a more important role than buying a stock. You might have heard the cliche — it is not timing the market, but the time in the market that is important. But consider the following examples. In the US, Mr X had bought six shares of Cities Service stock at a …

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Samvat 2077 gave a fabulous return. Will Samvat 2078 stay the course?

Samvat 2077 gave a fabulous return. Will Samvat 2078 stay the course?

Stock market investors have reasons to celebrate this Diwali with much vigor and enthusiasm. In the Vikram Samvat 2077 that began from 16 November 2020, the Sensex has till 19 October given a mind boggling 42.64% return! You also can join the party on 4 November if you have missed the bus before and soak your hands in stock dabbling on the auspicious moment of Muhurat Trading. However, pay attention to a note of caution. Since the Sensex scaled its lifetime peak of 62245.43 points on 19 October 2021, the index has climbed down more than 1000 points and is …

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Five Ways You Can Buy Gold This Dhanteras

Five ways you can buy gold this Dhanteras

It is three cheers for gold on the eve of Dhanteras in the 75th year of India’s independence. Between 1947 and 2021, the price of the precious metal has shot up from Rs 89 (per 10 gm) to Rs 48,300 — nearly 543 times! Gold is not only a safe haven investment while the stock market is running high and dry and inflation makes real returns from bank fixed deposits negative, the yellow metal is a very good tool for asset diversification that investment advisors often suggest.   Here are 5 ways you can buy gold this Dhanteras as a gesture of inviting good …

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25 Mantras for a Successful Investor

25 Mantras for a Successful Investor

Financial planning is easier if your philosophy of investment is clear. Here are 25 mantras every investor should keep in mind in order to make smarter investment decisions. 1) Equity is not the only asset class we have. 2) Mutual Fund is a way of investing, not an asset class.  3) Asset classes are differentiated based on the risk associated with each of them. 4) Gold is not something that we consume. We can love it; we can depart it too. It is an important asset class for investment. 5) Do not fall in love with any investment. Sometimes all of them deserve a profit …

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