In other previous months of 2019-20, the number of new subscribers joining in the scheme ranged between 12.19 lakh and 14.70 lakh.
Debt schemes of mutual funds for long have been seen as low risk, but shuttering six schemes and leaving investors in a lurch will impact investor sentiment.
The income of a spouse or child is clubbed together with the income of major earner of the family when certain conditions are met.
If you want the market upside, benefit of current low prices and have appetite for volatility, you may invest in ELSS now in a staggered manner, that is, via SIP.
Dearness Allowance (DA) Hike Latest News: The April salary, which is due to be paid in a week’s time, was supposed to be based on revised DA, along with arrears for three months (January-March).
Fund houses such as HDFC MF, Baroda MF, Nippon India MF, PGIM MF and UTI MF have exposures to debt papers issued by the Indiabulls Housing Finance, shows the data from Value Research.
The due date for depositing statutory contributions, aggregating one-fourth of one employee’s monthly wages, towards provident fund, to be deposited by an employer, falls within the first 15 days of the next month.
Under the Pradhan Mantri Garib Kalyan Yojana, launched on March 26, a provision exists for withdrawal from one’s provident fund accumulation to fight the pandemic.
The first tranche of Sovereign Gold Bond (SGB) this financial year is on till April 24, and investors who apply and pay digitally get a Rs 50 per gram discount on the Rs 4639 per gm price of each bond
Make sure that you have the contact information of your reporting manger and HR department in a diary or phone or a place where your spouse can access the same easily.
Closing a home loan account involves outstanding loan repayment, signing some forms, request for return of original documents, collecting no-dues certificate as well as the final interest payment certificate.
Investing in high-quality companies and proven MF schemes always pays in the long term and these would be the first to recover
For example, PPF offers you returns of 7.1% per annum completely tax-free whereas an 8% FD may offer you only 5.6% if you’re in the 30% slab.
You may avoid double taxation on your income by claiming tax relief if India has signed the Double Taxation Avoidance Treaty (DTAA) with the country of your residence.
Index funds are better for those unable to select quality stocks or bear the risk of near term under-performance from actively managed funds.
Increase your allocation to gold via the gold fund route from the safety and comfort of your home.
Currently, there are several health insurance products in the market and every insurer designs products basis their underwriting guidelines, claims experience, risk assessment.
Equity investors can tilt portfolio allocation towards large-cap and multi-cap mutual funds.
Patience, perseverance and quality stocks are needed to win the game of equity investments.
Currently motor insurance has a 38-40% of market share of new premiums in non-life industry and weak auto sales number would further impact motor insurance business in the months to come.
A one-year deposit with the country's largest lender earned interest at the rate of 5.7%, which works out to a 3.99% effective yield, assuming a tax rate of 30%.
The EPFO’s decision to extend the due date for filing is expected to benefit about six lakh establishments, including four lakh establishments eligible under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package.
As of February 29, 2020; equities outperformed gold over the trailing 10-, 15- and 20-years, delivering annualised 10.39%, 13.89% and 12.0% respectively compared with 8.16%, 12.59% and 11.49% respectively delivered by gold.
Most companies are encouraging their existing customers to use digital channels as there has been a surge of such requirements from customers along with scarcity of service personnel at insurance offices.
Multi-asset funds of mutual funds can be a good option for asset allocation mix even as gold is a good diversifIer. Also, do keep emergency funds in debt funds & fixed deposits
However, if someone wants to buy a comprehensive health cover, it would cost them Rs 8,000-11,000 for Rs 10 lakh sum insured.
The Budget this year introduced a new income tax regime under which individuals can opt for lower tax rates provided they don’t avail certain exemptions and deductions otherwise available under the law.
If you have a high credit score or work for an organisation that has a tie-up with a bank for subsidised interest rates, you can get a lower interest rate.
The due dates for issuance of any notice, intimation, notification, approval or sanction order, has also been extended by a period of three months.
Though there is an additional 15-day grace period due to the Covid-19 lockdown for renewal of insurance policies, pay the premium if you have the cash flow. And buy a health insurance plan if you don’t have one
Remember your financial goals and your risk appetite. If you have extra cash and investing for the long term, then go ahead and deploy your funds in a staggered manner.
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The clarification came as the employees, in many cases, have donated a portion of their salaries the the fund through their employers.
While debt funds saw sharp outflows, equity funds surprised the industry as it saw net inflows of Rs 11,722.74 crore in March — the highest in the current financial year.
According to the ministry of health and family welfare as on April 9, 2020, there are 5,218 active cases of novel coronavirus in India and there has been 169 deaths due to this pandemic.
Anticipating a huge surge in demand, it came out with a new software for online receipt and settlement of claims and deployed the software on March 29.
The macroeconomic backdrop has become favourable for gold; aim for 10-15% of portfolio alloc-ation to the yellow metal
With job losses & pay cuts likely in the wake of the Covid-19 pandemic, you need to take some special measures to cushion the impact and prepare for the worst
BoB’s overnight and one-month MCLR has been revised to 7.40%, while the three-month MCLR was revised to 7.55%. Six-month MCLR has been revised to 7.85%, the bank said.
As per Section 44ADA, a resident individual, engaged in any business/ profession can declare income on presumptive basis only if gross receipts do not exceed Rs 50 lakh in previous year.
With new developments in technology, it has become easier to get a quick personal loan.
From continuing with your SIPs to safeguarding your liquidity and investing in large-cap, multi-cap and index funds, make your market moves in a judicious way to avoid any investment mistakes.
Regulations define specific structures / entities within mutual fund companies to safeguard investor monies from issues such as fraud, etc.
In a single day, there was a double-digit fall of 13.2% in Sensex—unprecedented in the past 16 years.
This new standard health insurance policy available with every general and standalone health insurer takes care of basic health needs, and is a must for first-time buyers, especially in smaller towns
Investors should continue to invest in small savings schemes as the interest rates are still higher than that of bank FDs. They should look at tax-free bonds and avoid company deposits.
A total of 80 lakh employees involved in four lakh establishments are likely to be benefitted, the finance ministry had earlier said.
To achieve the stated investment objective, the fund manager of an ELSS maintains a diversified portfolio of equity-and-equity related instruments, and practices a bottom-up approach to stock picking that is market-cap and sector agnostic.
More units are bought when the market price of shares is low and lesser units are bought when the price is high.
When it comes to surviving financial crisis, focus on what you can control and you can do rather than on what you cannot control or what is not possible to do now