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

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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6 Reasons Why You Should Prepare Your Financial Plan Today

6 Reasons Why You Should Prepare Your Financial Plan Today

In a world where financial stability is both a goal and a challenge, one thing is certain: you are going to have financial milestones and goals to reach, which makes planning paramount. Whether you dream of a comfortable retirement, pursuing your passions, or achieving personal milestones, having a solid financial plan in place can be the key to turning those dreams into reality. In this blog, we delve into the top 6 reasons why you should prepare your financial plan today, empowering you to take control of your financial destiny and build a life of security and abundance. Financial planning …

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5 Mistakes to Avoid When Filing Your Taxes This Assessment Year

5 Mistakes to Avoid When Filing Your Taxes This Assessment Year

Filing your taxes can often feel like navigating a labyrinth of documents, rules, regulations, and potential pitfalls. However, armed with the right knowledge, you can successfully steer clear of costly mistakes that could jeopardize your finances or even trigger a tax notice. In this blog, we will explore five common errors that taxpayers often make while filing their taxes, providing you with invaluable insights on how to avoid them. Whether you’re a seasoned taxpayer or a first-timer, this guide will empower you to ensure a smooth and stress-free tax filing experience. So, let’s delve into the five mistakes you need …

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Your Complete Guide to PPF: Renewal, Loan, Withdrawal

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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নতুন বছরে শুরু হোক লক্ষ্য স্থির করে বিনিয়োগ

নতুন বছরে শুরু হোক লক্ষ্য স্থির করে বিনিয়োগ

এসে গেল আরও একটা নতুন বছর। গত একবছরে কতটা এগোতে পারলেন? গুছিয়ে নেওয়ার কাজটা সেই কবে থেকে করবেন ভাবছেন! কিন্তু হয়ে উঠল কি? চিন্তা নেই! নতুন একটা লাইন টেনে জীবনটা আজ থেকেই বেশ গুছিয়ে শুরু করুন। নতুন খাতা, হালখাতার প্রয়োজন নেই। হাতের মুঠোয় মোবাইলই আপনার জীবনকে গুছিয়ে নিতে সাহায্য করবে। ব্যাঙ্কের অ্যাপ থেকে গত এপ্রিল থেকে মার্চ – কত খরচ হল দেখে নিন। সহজেই পেয়ে যাবেন। যদি ইচ্ছা হয়, তলিয়ে দেখুন, মাসের সাধারণ খরচ কত হল, ছেলেমেয়ের জন্য নিয়মিত খরচ কত, বছরে বিশেষ বিশেষ সময়ে কত খরচ করেছেন। আলাদা করে শুধু দেখে নিন, নিয়মিত বিনিয়োগের খাতায় কত গেছে। যেমন, মাসিক …

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ELSS কী? কেন এতে বিনিয়োগ করা ঠিক হবে?

ELSS কী? কেন এতে বিনিয়োগ করা ঠিক হবে?

ELSS বা ইক্যুইটি লিঙ্কড সেভিংস স্কিম এক ধরণের মিউচুয়াল ফান্ড। এই জাতীয় মিউচুয়াল ফান্ডে প্রাথমিকভাবে স্টক মার্কেট বা ইক্যুইটিতে বিনিয়োগ করা হয়। আয়কর আইন ১৯৬১-র ৮০সি ধারার অধীনে কোনও ব্যক্তি এই ELSS-এ বছরে ১,৫০,০০০ টাকা পর্যন্ত বিনিয়োগে কর ছাড়ের সুবিধা পান। এই স্কিমের মাধ্যমে বছরে সর্বাধিক ৪৬,৮০০ টাকা পর্যন্ত কর সাশ্রয় করা যায়। বেশিরভাগ ক্ষেত্রেই দেখা যায়, সাধারণ মানুষ বছরের শুরুতে বা জানুয়ারি মাস আসার আগে কর, বিনিয়োগ ইত্যাদি নিয়ে খুব একটা ভাবনাচিন্তা করেন না। অনেক দেরিতে তাঁদের ঘুম ভাঙে। অফিস থেকে কর সংক্রান্ত নথি জমা দেওয়ার ডাক এলে তখন তাঁরা জেগে ওঠেন। কিন্তু ততক্ষণে অনেকটাই দেরি হয়ে যায়। সেই …

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Personal Accident Cover: Why You Need It and How It Can Protect You from Financial Burdens

Personal Accident Cover: Why You Need It and How It Can Protect You from Financial Burdens

Like all of us, Nihar had so many dreams. But he dreamt not just about himself. He dreamt of seeing his loved ones happy, safe, and secure forever. Alas, all his dreams came crashing down when he met with a road accident a year ago. He lost his job. Now, Nihar has used up all his health insurance coverage and bank balance. He can no longer provide the best of everything to his loved ones. The smile on their faces is no longer there. “If only I had a personal accident cover,” – is what Nihar says to himself these …

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The Retirement Planning Secrets No One Tells You About

The Retirement Planning Secrets No One Tells You About

Retirement is a significant milestone in life that many people look forward to. However, it can also be a source of stress and uncertainty if you’re not prepared for it. That’s why it’s essential to know the retirement secrets that can help you make the most of your golden years. In this blog post, we will discuss the top five retirement secrets that you aren’t supposed to know about. Retirement can be a stressful and uncertain time if you’re not prepared for it. Knowing these retirement secrets, you can be better prepared for your golden years. Thank you for taking …

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Holiday Planning Is All About Planning Your Cash Flow Wisely

Holiday Planning Is All About Planning Your Cash Flow Wisely

Life is all about experiences, whether good or bad, and traveling experiences are usually the good ones; at times, adventurous too! If you are a person who believes traveling is therapeutic and can help you rejuvenate, then this article is for you. Whether you are traveling solo or with your family or friends, planning your holidays is important to avoid last-minute mess. While most people love to travel, not all can do it that frequently because the money often becomes a constraint – when not planned properly. Therefore, it is important to plan your cash flows well in advance so …

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Education Loans: A Smart Investment or a Debt Trap?

Education Loans: A Smart Investment or a Debt Trap?

Pursuing higher education is expensive, and education loans have become a popular way to finance it. However, it is essential to consider the pros and cons of taking an education loan before deciding. In this blog, we will discuss the advantages and disadvantages of education loans and help you decide if it’s the right choice for you. What is an Education Loan? An education loan is a type of loan that helps students finance their education expenses, including tuition fees, accommodation, books, and other related expenses. Education loans can be availed from various financial institutions, including banks, NBFCs, and the …

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