Tag: Money Matters

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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Know the Top 7 Advantages of Mutual Fund Investing

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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 …

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Senior Citizens can Increase their Income via Reverse Mortgage Scheme.

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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 …

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Gifting/Transferring Assets to your Relatives to Save Tax? Know all about Clubbing Provisions

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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 …

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How are gifted shares & ETFs taxed?

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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 …

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Basic things everyone should know about PPF

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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 …

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Beginners? ETF is made for you!

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Beginners? ETF is made for you!

New investors setting foot in the equity markets are more likely to find themselves overwhelmed and perplexed. The market can be such a place, especially for beginners. The equity market isn’t a serene or simple place in any sense. A lot goes on & affects the markets daily—a lot!! An enormous amount of data and news is churned and thrown around daily. Amid this, investors can find themselves questioning – Where to begin? How to keep track? What to look for?  Equity investments are the best way to generate wealth and beat inflation. With the right investment mindset and risk management,any investor can succeed. A great starting place for …

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SIP It, Shut It But Don’t Forget It

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SIP It, Shut It But Don’t Forget It

SIP or Systematic Investment Plan is a method of regular investment for wealth creation over a long period of time. Unlike investing all your investible funds in one go, SIP is a process of investing small bits of money regularly for a long period of time so as to reap the benefits of both compounding as well as rupee cost averaging. Hence, SIP is increasingly becoming popular to small and big investors as well.  SIP Advantages 1. SIP is a process or method of investing, similar to recurring deposits in a bank. It is no asset class in itself 2. …

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Should I pay or save tax?

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How to save your Income tax Upto 12 lacs (Sec - 87A, Sec 80CCD(1B))

Should I pay or should I save taxes? If that is your dilemma, then you can take solace from the fact that even Benjamin Franklin, the founding father of the United States of America, faced the same tough choice way back in 1789 when in a letter he wrote to Jean-Baptiste Leroy about the new constitution of his country, ‘…nothing is certain except death and taxes.’  Income taxes are unavoidable. But the question is: should one pay it or invest in specified instruments to save one’s tax outgo? Under the law of the land, you need to pay tax to …

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