Category: Money Matters

Should you continue your debt mutual funds after the change in taxation?

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When investors adopt a narrow mindset focused solely on one aspect of the investment process, such as taxation or recent return trends, they inadvertently restrict their ability to see the bigger picture and achieve their ultimate financial goals, which often include wealth creation and meeting specific objectives. By fixating on taxation, you may prioritize minimizing your tax liabilities without fully considering the long-term growth potential of your investments or the suitability of the product itself. Similar is the case of this recent ruckus in the mutual fund space due to the changes in the taxation of debt mutual funds. In …

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Your Complete Guide to PPF: Renewal, Loan, Withdrawal

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Your Complete Guide to PFF: Renewal, Loan, Withdrawal

In a world where financial security and stability are paramount, exploring investment avenues that offer both growth and safety becomes essential. Public Provident Fund (PPF), a popular and time-tested investment option that has been a trusted ally for individuals looking to secure their financial future. The Public Provident Fund, launched by the Government of India, has been a go-to investment choice for crores of people for over half a century. Individuals unable to be part of the EPF scheme can opt for PPF to save for retirement or meet other financial goals like child’s education or child’s marriage. Here’s a …

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Using the Investor Education & Protection Fund Platform To Claim Shares & Dividends

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Using the Investor Education & Protection Fund Platform To Claim Shares & Dividends

Protecting the interest of investors is one of the primary objectives of SEBI and the government. They regularly come up with rules and regulations that ensure the financial safety of investors. Back in 2016, the government formed Investor Education and Protection Fund (IEPF) to further protect the interest of investors. The IEPF authority ensures that unclaimed shares, dividends, or debentures remain with IEPF until the rightful owners claim them. In this blog post, we will learn what IEPF is all about and how to raise a claim through the IEPF portal. What Is Investor Education and Protection Fund? The government …

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Getting The Most Out Of Your Interest Rate

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Getting The Most Out Of Your Interest Rate

“To be, or not to be” – Shakespeare’s Hamlet contemplated this in the Elizabethan era.  Cut to the present era of consumerism – he would have definitely been pondering on whether “to borrow or to save” before purchasing his 3BHK apartment or the newest model of Mercedes-Benz!  The common factor between the two extremities of borrowing and saving is the Interest Rate, a force that works FOR you when you SAVE money and AGAINST you when you BORROW.  What are Interest Rates? In its simplest form, interest rates are the costs of borrowing money, usually expressed as a percentage of …

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Compound interest is the eighth wonder of the world!

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Compound interest is the eighth wonder of the world!

Compound interest accelerates your investments’ growth over time, along with balance expansion. It’s a tool that helps your principal grow fast as your interest earns interest, i.e., by adding the earned interest back into your principal balance and making interest on that. The growth of one’s investment balance would accelerate over time as one earns interest on an increasing basis. Numerous additional alternative intervals can be used in addition to the frequently used annually, quarterly, monthly, and daily compounding periods. The more frequently interest is compounded, the more rapidly your wealth grows over Time. Simple Interest vs. Compound Interest Simple interest and …

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Old Tax regime or New Tax regime?

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Which is better after the budget? Old v/s new tax regime.

“Which is better, the old tax regime or the new tax regime?” This is the question that people have been asking since 2020. Budget 2023 made some important tax changes for middle-class taxpayers applicable from the Financial Year 2023-24. The old tax regime wasn’t touched, while the new tax regime saw quite a few changes. Changes were made to the tax slabs, the rebate was tweaked, and more. The budget has left more questions for taxpayers on what they should opt for while filing their taxes. In this blog, we look at which tax regime is more advantageous, what has …

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Cut-Off Timing Rules for Mutual Funds Transactions: Why You Need to Know Them

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Cut-Off Timing Rules for Mutual Funds Transactions: Why You Need to Know Them

In recent years, mutual fund investments have become increasingly popular among Indian investors. The flexibility, diversity, and potential for higher returns that mutual funds offer have made them a go-to investment option for many. One of the reasons for this growth in popularity is the increased awareness and education about mutual funds among the general public. Many investors now understand the benefits of diversifying their portfolio through mutual funds, which can mitigate risk and generate higher returns. Additionally, the availability of online platforms and mobile apps for investing in mutual funds has made it easier for individuals to access and …

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Is Your Money Safe in a Fixed Deposit? Here’s What You Need to Know

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Is Your Money Safe in a Fixed Deposit? Here's What You Need to Know

Is fixed deposit safe? Fixed deposits have long been a popular investment choice for Indians. It is commonly used as a reliable way of generating regular income or the best place for stashing that extra cash. Cash that could be used if anything untoward happens or for the “big” expenses. FDs offer a secure way to save and grow your money, with the benefit of potentially higher returns than a traditional savings account. Recent events in the banking space, like in Yes Bank, PMC, and DHFL, also have investors questioning the safety of their money in a fixed deposit. Being …

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How to store your financial documents safely?

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How to store your financial documents safely?

To store or not to store is the big question…. that everyone, especially the earning members of our society, has to face regularly to keep their records correctly updated for future reference. Often, we misplace some essential documents when we require them the most or cannot remember where we have stored them, which results in stress and anxiety. As we have seen from our childhood, our parents and grandparents used to (still do!) have these big steel almirahs (Godrej). It was used to store various files and folders– loads of papers, small, big, and large ones. Once a year, they …

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