Nischay Avichal
How Sukanya Samriddhi Yojana can help you invest for your daughter’s education meaningfully.
Category: Money Matters
Understanding Auto and Active Investment Choice in NPS. Which one should you go for?
Guaranteed Pension for the next 10 years – Why this Government Scheme should be on your checklist.
Gilt Funds or Dynamic Bond Funds – Where to Invest Now?
Senior Citizen Savings Scheme and five things you should know
Know the Top 7 Advantages of Mutual Fund Investing
You would be lying if you were to say that you haven’t heard the words “mutual funds” or “SIP” if you live in India. Thanks to the immense and successful marketing campaign by the industry, most Indians are well acquainted with mutual funds (at least the word). This is clearly reflected in the recent figures. As of 31st July this year, the Assets Under Management (AUM) of the Indian Mutual Fund Industry stood at 37.74 trillion and has witnessed a five-fold increase in a span of 10 years and around two-fold just in the last five years. Mutual funds are …
Senior Citizens can Increase their Income via Reverse Mortgage Scheme.
Unlike a regular mortgage, a reverse mortgage is a scheme wherein you can use your house property as collateral to avail a loan. The bank values and inspects your property and finalises the total loan amount. In contrast to a regular mortgage wherein you make periodic payments to the bank for the mortgage availed, the bank makes periodic payments to you in a reverse mortgage. The Government launched this scheme in India in the year 2007. How does a reverse mortgage scheme help you? Well, if you are a senior citizen with a self-owned house who is finding it hard …
Gifting/Transferring Assets to your Relatives to Save Tax? Know all about Clubbing Provisions
It’s really not uncommon for us to see people diverting their income or assets to their spouse or relative in the hope of reducing taxation. But guess what? Tax laws already have measures in place to prevent people from avoiding taxation through such means. In fact, people unaware of such provisions are laying the groundwork for tax blunders that would put them in a position to pay huge taxes in the future. The clubbing provisions in the Income Tax Act deal with cases where a person can also be taxed for the income earned by somebody else. What is Clubbing …
How are gifted shares & ETFs taxed?
With the advent of new technology like e-DIS, online off-market transfer of securities has become seamless, paving the way for gifting shares and ETFs effortlessly. Brokers have leveraged this extensively by providing the facility of gifting shares and ETFs on their platforms. They have become the new go-to for birthdays, anniversaries, weddings and more– no end to gifts, is there? Shares and ETFs also make the best gifts. After all, they have the potential to grow and even become the next big thing in the future. Often, a person oblivious to financial markets–upon receiving something as peculiar as shares or …
Basic things everyone should know about PPF
In this week’s blog, we will be discussing one of the most eminent investing avenues in India– the Public Provident Fund. This government scheme has been around for a very long time, and with its enormous tax benefits and assured returns, it has stood the test of time. What is PPF? The Public Provident Fund (PPF) is a small savings scheme offered by the central government. PPF came into force on 1st July 1968. The account is backed by the government of India and is entirely risk-free with guaranteed returns. Additionally, any amount in your PPF account cannot be attached under …
