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Category 3 alternative investment funds (AIFs) have become popular among investors seeking diversification due to their potential for high returns and long investment horizons. from mint - money

The floating rate bonds are fixed income instruments that can be held by an individual or a Hindu Undivided Family (HUF) with interest payable at half yearly intervals on Jan 1st and July 1st every year. from mint - money

Narayana Murthy suggests working 70 hours a week to uplift India, sparking divided opinions. from mint - money

Taxpayers should be aware of upcoming income tax deadlines in November 2023. This comprehensive tax calendar outlines important dates for individuals and businesses to be mindful of. from mint - money

To protect yourself from insurance-related SMS fraud, verify the sender of text messages, avoid clicking unsolicited links or sharing personal information, and contact your insurer to confirm message authenticity. from mint - money

Accumulating a substantial savings fund is crucial for various life objectives, but it's equally important to have sufficient insurance coverage to protect against life's uncertainties. from mint - money

Do you have a flexi-cap fund in your investment portfolio? If yes, how did you choose the fund? Choosing among the best performing flexi-cap funds involves a lot of research and a considerable understanding of factors affecting mutual fund performance. from mint - money

The basket of risk-free, high-interest government debt schemes is evoking greater investor interest. For the government, it means burgeoning liabilities from mint - money

He shares his experience of moving to Zurich, the metamorphosis in lifestyle it followed along with a range of additional expenses. from mint - money

Most lenders offer loans at low interest rates to the borrowers with a high credit score and the ones with low credit score are charged a higher interest. from mint - money

Wealth advisors advise investors to keep a long-term view and not get carried away with short-term movements. from mint - money

Chandler of Friends offers money lessons as unforgettable as him. Rest In Peace, Matthew Perry! from mint - money

ITR filing: Taxpayers will have to pay 30% and do reporting as per the VDA schedule, say experts from mint - money

Leonardo DiCaprio acquired the rights to Killers of the Flower Moon, and shared it with Martin Scorsese and now this epic movie is in the theatres. Let's delve into a few money lessons we can learn from this movie. from mint - money

The RBI disclosed the gold redemption price for investors in Sovereign Gold Bonds seeking early redemption of government-issued bonds. from mint - money

The NCD issue will close on Nov 7, 2023. The minimum application for the issue is ₹10,000 and in multiples of ₹1,000 thereafter from mint - money

The 15th annual Mercer CFA Institute Global Pension Index revealed that India's overall retirement system ranking improved to 45.9, up from 44.5 in 2022, primarily driven by enhancements in the adequacy and sustainability sub-indices. from mint - money

Plum is constructing a cutting-edge tech infrastructure from scratch to revolutionize digital-first insurance. As part of this initiative, they are introducing ‘e-imburse’, a technology-driven solution designed to streamline the health insurance claims process. from mint - money

As the eagerly anticipated festival season approaches, it's crucial to emphasize the significance of practising mindful spending habits. Here we will explore the risks of overspending, gift taxation, and effective strategies for managing your savings throughout this festive period. from mint - money

Doing well with money is not necessarily about what you know but about how you behave – a skill hard to learn. from mint - money

ELSS refer to the schemes which invest at least 80 percent of their assets in accordance with Equity Linked Saving Scheme, 2005. These schemes have a 3-year lock-in period, and are eligible for income tax deduction under Section 80C of the Income Tax Act. from mint - money

The digital age has made financial transactions convenient but has also led to a significant increase in cyber fraud, with domestic payments fraud in India rising from ₹542.7 crore in FY 2021 to about ₹2537.35 crore in FY 2023. from mint - money

Individual investors can now subscribe to FRSBs through RBI's Retail Direct Portal from mint - money

PPFAS Mutual Fund announced the launch of Parag Parikh Arbitrage Fund. The scheme opened for public subscription on October 23, 2023, and will close on October 27, 2023. from mint - money

Unified Payments Interface: Countries like Japan, Singapore, UAE, France, the UK, and more are keen to embrace the UPI model from mint - money

Among several positive developments for cryptocurrencies, the key one is the consensus among G20 nations about adopting the broader contours of regulatory framework proposed by Financial Stability Board (FSB) and IMF. from mint - money

Among countries, the US, Singapore, UAE and UK are the top four countries that account for about 54% of Indian’s remittance inflows. from mint - money

Some RIAs and research analysts are exiting Smallcase after Sebi barred them from showcasing past performance from mint - money

Joel Greenblatt is a household name in the investing world. Anyone unaware of how to make good money from the market may first study this successful fund manager’s investing style or best emulate his strategies to navigate a choppy market. from mint - money

The article highlights real estate as a dependable investment option due to its tangible assets and stable financial returns, particularly valuable in uncertain economic conditions. from mint - money

This payment model essentially allows individuals to spread the cost of a purchase over a predefined period while paying fixed monthly instalments, with the added benefit of not incurring any interest or finance charges. from mint - money

In 2020, SEBI introduced the Request for Quote (RFQ) platform, offering investors a transparent and efficient method for trading corporate bonds by enabling them to solicit quotes from various dealers and select the most favorable one. from mint - money

Bajaj Allianz General Insurance introduces an upgraded “Health Prime” rider, emphasizing comprehensive healthcare coverage and mental well-being. All of these benefits are available on a cashless basis and can be easily accessed digitally via the company’s ‘Caringly Yours’ app. from mint - money

If you had invested ₹one lakh in Nippon India Value Fund, your return would have swelled to more than ₹5 lakh by now from mint - money

Around 82% of individual investor assets are held in equity, while majority of institutional assets are in liquid schemes, as revealed by the AMFI’s industry trends data for Sept 2023 from mint - money

Some mutual fund houses recently held talks with the capital markets regulator urging the latter to pave way for a separate category of investment trusts from mint - money

Given that gold is commonly viewed as a symbol of affluence and prosperity, it's imperative to have a thorough understanding of the tax consequences linked to such investments or when presenting gold gifts to your beloved individuals. from mint - money

They refer to the schemes which invest anywhere between 10 to 25 percent in equity & equity related instruments, and 75 to 90 percent in debt instruments. from mint - money

Cases of Aadhaar data misuse for the purpose of illicitly extracting money have been reported. Aadhaar cardholders now have the option to lock their biometric data for enhanced security against cyber threats. from mint - money

How to make the most of your holiday without overspending: eight budget-friendly tips from mint - money

Mirae Asset Mutual Fund announced the launch of the Mirae Asset Nifty IT ETF. The scheme opened for public subscription on October 13, 2023, and will close on October 18, 2023. from mint - money

Here is a breakdown of the performance of different funds – equity fund, government bond fund and corporate bond fund – of the private sector NPS from mint - money

The flexi cap scheme that delivered the highest returns over the past five years is Quant Flexi Cap Fund with over 24% annualised return. The other schemes have given an annualised return in the range of 16-20 percent. from mint - money

SBI customers may face problems with UPI services due to technology upgradation from mint - money

Any gain or loss arising from sale of such inherited property shall be chargeable to tax as capital gain or loss for all of you in the year of sale. from mint - money

While loans are an option to fund this education, parents typically end up either partially or fully funding their child’s education. from mint - money

It bars users from logging in to the app until they give permissions to access their phone book and other details. from mint - money

So, when in a high interest rates scenario, investing in fixed income securities seems lucrative for many investors, but one should understand the risk and reward before making investment decisions. from mint - money

Adhering to a budget is crucial for avoiding debt and maximising savings and investment opportunities from mint - money

Bank FD interest rate: These rates are applicable on deposits below ₹2 crore, with effect from October 9, 2023 from mint - money

Joint home loans have pros and cons, including shared liability and limited borrowing flexibility from mint - money

Fixed-income investments provide stable returns and diversify portfolios from mint - money

Tax-saver index funds, or ELSS index funds, are a type of ELSS mutual fund that invests in stocks mirroring a specific market index (e.g., Nifty 50 or Sensex), providing tax benefits and the potential for investment growth. from mint - money

Here is a list of INR to USD forex rates offered by some of the major banks and travel aggregators from mint - money

Specific cash transactions have the potential to draw attention from the income tax department and result in potential issues. Substantially high transactions can attract a notice from the Department asking you to explain those transactions while sharing details of the same. from mint - money

Some strangers managed to withdraw money from the bank accounts of Bank of Baroda customers in an alleged act of collusion with the bank staff. We also share tips to keep your account safe from any of these shenanigans from mint - money

There is a lot of narrative around how managing your own money is quite simple, but that’s not the case really from mint - money

The practice is to use one insurance for cashless settlement and then charge the outstanding expenses as a reimbursement claim in the other policy. from mint - money

Warren Buffett's quote about real estate holds true for millennials as well. Despite underperforming other investments, millennials are investing in real estate for regular income and rental yields. However, experts warn that real estate should not make up more than one-third of an investment portfolio, and equity-linked investments may offer better returns. Tax benefits and the option of Real Estate Investment Trusts (Reits) and Infrastructure Investment Trusts (InvITs) can also be considered for asset allocation. Investors must be cautious and build a solid financial portfolio before investing in physical real estate. from mint - money

Mutual funds: Flexicap funds are allowed to invest across market cap as per the market situations whereas the Balance advantage fund is a kind of balance fund that increases equity allocation on market correction from mint - money

Experts say the decline in small-cap flows can be attributed to certain fund houses temporarily halting inflows, possibly due to concerns about rich valuations in the mid and small-cap space from mint - money

Auto choice is meant for investors who want to cut down on their allocation to equity with advancing age, while the active choice is ideal for investors who want to take the destiny of their investment in their own hands. from mint - money

We have restricted the choice universe to 10 categories out of the total 37 and given you at least two options to pick from each from mint - money

Indian investors are being encouraged to diversify their portfolios by investing in global assets, particularly global fixed income securities such as US treasuries. The convergence of yields between US treasuries and Indian stocks is making bonds an attractive alternative to riskier assets. The 0-1-year segment of US treasuries is offering yields of 5.43% to 5.59%, compared to Nifty's earnings yield of 4.5%. Additionally, exposure to US debt has become more attractive as the yield gap between US treasuries and Indian government debt has narrowed. Indian investors can access US treasuries through funds such as the Bandhan US Treasury Bond 0-1 year Fund of Fund. However, investing in international markets increases compliance burden and carries platform and execution risks. from mint - money

NPS scheme for NRIs: An NRI can invest only in the mandatory Tier-I option of NPS from mint - money

Exemption under Sections 54 and 54F can be claimed simultaneously for investment in the same house from mint - money

International Girl Child Day 2023: SSY is a savings strategy for girls' education, offering government-guaranteed returns from mint - money

Margin trading facility allows equity investors to buy and sell stocks, but the risks are high from mint - money

Experts suggest some tips to save smartly, and not end up overspending this festive season from mint - money

Under the employee stock option plan (ESOP) scheme, an employee gets the company’s stock at a low cost. These are perks provided in order to retain employees from mint - money

These features are offered to our existing as well as new customers who are on-boarded to the Bank from any platform, said Rajneesh Karnatak, MD & CEO of Bank of India from mint - money

HDFC Bank hikes MCLR: According to the Bank's website, the new rates are effective from October 7, 2023 from mint - money

Here's how equity, cash, gold and fixed income have performed in different periods from mint - money

Bank of Baroda has also increased bulk deposit interest rates (for deposits from ₹ 2 crore to ₹ 10 crore by up to 1% (100 basis points) across various tenors from mint - money

National Pension Scheme: Employer's contribution to NPS is deductible under Section 80CCD(2) from mint - money

The founder of Equity Intelligence, who has zero investment in real estate, is also bullish on India’s growth story. from mint - money

A recent tribunal decision upholding a penalty of ₹10 lakh for non-disclosure of foreign assets brings up concerns about the proportionality of the penalty. The government should consider whether the cost of litigation is in the country's interest and if a more nominal penalty would be appropriate. from mint - money

Apart from the interest rate, also take a look at the applicable processing fee and other charges from mint - money

The index fund will invest in 750 stocks, covering 96% of stock market capitalization, and is open for subscription. from mint - money

Wthdrawal of accumulated balance in the EPF account is exempt from tax provided the employee has rendered ‘continuous service’ with his employer for period of five years or more. from mint - money

Ideally, retail investors should allocate 5-10% of their portfolio to bonds to realize any meaningful gains. from mint - money

Yes Bank cuts FD rates: After the revision, the bank offers interest rates between 3.25% to 7.25% to general citizens, and 3.75% to 8% to senior citizens on FDs maturing in seven days to ten years from mint - money

RBI's MPC rate pause is expected to result in no rise in home loan EMI for both new and existing home loan borrowers, say experts from mint - money

Here is a list of INR to USD forex rates offered by some of the major banks and travel aggregators. from mint - money

Parents in India are starting to plan for their children's future right after childbirth, opening bank accounts and making investments in their names. from mint - money

A systematic, disciplined, and rationalized approach to investing is essential when discussing saving via investing. from mint - money

There is exemption from advance tax provisions for a resident senior citizen individual who does not have any income from business or any professional income. from mint - money

Pensioners must submit a life certificate annually to continue receiving pension from mint - money

Mirae Asset Mutual Fund increases SIP limit for Mirae Asset Emerging Bluechip Fund to ₹25,000 from mint - money

RD interest rates: The recurring deposit scheme provides an opportunity to build up savings through regular monthly deposits of fixed sum over a period of time from mint - money

Bank FD laddering is a technique that involves buying multiple FDs maturing in different time periods from mint - money

Co-branded credit cards, such as the one offered by HDFC and Swiggy, are popular among customers for their rewards and benefits. However, there are several issues, including unclear terms and conditions, low cashback rewards, and difficulties in customer service. Despite the problems, the HDFC-Swiggy card remains attractive for frequent Swiggy users. from mint - money

The revision comes just ahead of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting on October 4-6, 2023 from mint - money

Top 10 small-cap funds in India with the highest one-year returns: HDFC, Quant, Axis, Nippon India, among others from mint - money

The India-Japan Fund will focus on investing in environmental sustainability and low carbon emission strategies from mint - money

World Financial Planning Day 2023: Not only aware, but it is very important for everyone to be financially independent from mint - money

Here is a list of banks that offer the highest FD rates for deposits up to ₹1 crore over various tenures. from mint - money

Reits are trading at a discount now but this is set to change as hybrid mode of working ends from mint - money

Here is the breakdown of the performance of different funds--equity funds, government bond funds, and corporate bond funds--of the private sector NPS. from mint - money

UPI and UPI Lite are two digital payment systems in India. UPI is comprehensive, while UPI Lite is simplified for basic functionality from mint - money

Over 30.75 lakh audit reports, including 29.5 lakh Tax Audit Reports, have been filed for AY 2023-24 on the e-filing portal. The Income-tax Department appreciates taxpayers and tax professionals for timely compliance from mint - money

Money market, ultra short and low duration are all debt funds with a potential to give returns that are slightly higher than liquid funds from mint - money

Retirement is another goal which needs a relook and possible revamp every 10 years from mint - money

Long-term capital gains on shares, mutual funds, gold will be exempt from tax if used to purchase a residential property from mint - money

Stock market vs mutual funds: In monkey investment experiment, a layman can choose any of Nifty 50 stock on random basis and hold it for long term from mint - money

Here's a look at the lowest home loan interest rates of some leading banks. from mint - money

Bengaluru-based family sought the help of a registered investment advisor to close in on its financial goals from mint - money