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ELSS stand as a favoured investment choice for tax savings under Section 80C of the Income Tax Act. They provide a dual advantage of tax savings along with the potential for wealth creation. from mint - money

You have the option to reopen a terminated Sukanya Samriddhi Yojana (SSY) account, provided it has been closed for less than three years. Beyond this three-year threshold, the account loses its eligibility for revival. from mint - money

The inaugural series of SGB was released in November 2015 at ₹2,684 per gram, with a redemption price now established at ₹6,132. This establishes SGBs as a sound investment providing a buffer against market volatility. from mint - money

Section 80E of the Income Tax Act offers a tax benefit for interest on higher education loans, applicable for eight years. The deduction is exclusive to individuals and requires documentation from recognized financial institutions. from mint - money

During the post-Diwali period (November 13-18), domestic passenger traffic escalated by 7.37% compared to the pre-Diwali period (November 7-12), reaching a record 456,748. from mint - money

Equity mutual funds are considered high-risk investments with the goal of generating higher returns. We share details on the top performing equity mutual funds to invest in 2023. from mint - money

Section 80E of the Indian Income Tax Act allows individuals to claim a deduction on the interest paid on their education loans, reducing their tax liability and providing financial relief. from mint - money

Transferring health insurance policies presents opportunities to personalize coverage, preserve accrued benefits, and obtain improved coverage or reduced premiums. Porting also allows policyholders to choose insurers that provide better service and exercise consumer choice. from mint - money

Central and state government pensioners must submit their life certificates by November 30 in order to continue receiving pensions. The process can be done online, at a bank branch, or through doorstep banking from mint - money

The corporate bond market has seen significant growth, with private placements raising ₹7.5 lakh crore in FY '22-23 and ₹4.15 lakh crore in FY'23-24. SEBI's initiatives and the government's asset monetization program are expected to further boost retail investor participation. from mint - money

Child investment plans are beneficial for securing your children's future and providing financial security. Guaranteed plans offer high returns without market volatility, while Unit Linked Insurance Plans involve regular premium payments and market-linked investments. from mint - money

The next six months may bring positive bias to the equity market due to increased economic activity and potential rate cuts, according to industry experts. from mint - money

More individuals within the Indian salaried class are discovering themselves without any form of social security benefits, particularly following the pandemic. from mint - money

Steering clear of typical mutual fund errors can indeed markedly enhance the efficacy of mutual fund investments. By navigating past these pitfalls, investors can increase their likelihood of reaching financial goals and optimizing returns over the long term. from mint - money

The loan amount and interest rate depend on parameters such as your income, existing credit, repayment capacity, and others from mint - money

Guru Nanak Ji's teachings emphasize simplicity, hard work, honesty, sharing, financial planning, and detachment from material possessions, guiding us to achieve financial success and a balanced life. from mint - money

The Bajaj Finserv Balanced Advantage Fund is an all-seasons product, which suits a large population of investors, Chandan tells Mint from mint - money

Travel insurance is essential for all trips, including short trips or domestic travel, as unforeseen incidents can happen anywhere. from mint - money

In an interview with MintGenie, Jitesh Agarwal said that investors should reconsider their current investments and explore more prudent options. from mint - money

Beyond its historical and cultural importance, Constitution Day also offers valuable financial planning lessons. Let's examine from mint - money

Despite concerns about cyber threats and slight price differences, digital gold provides stability and value in a dynamic financial landscape, appealing to Gen Z investors. from mint - money

Credit scores and credit reports are important in finance and banking. Your credit score represents your creditworthiness, while your credit report provides a detailed account of your financial decisions. It is advisable to review your credit report regularly and work on improving your credit score. from mint - money

Non-resident Indians and persons of Indian Origin (POI) can buy residential properties in India without specific permissions from the Reserve Bank of India from mint - money

Money experts suggest making a budget, maintaining a log of daily expenditures, and setting specific short-term and long-term financial goals to overcome the feeling of cash crunch from mint - money

Black Friday can be a great time to save money, but it's important to be aware of the pitfalls to avoid overspending, falling victim to scams, and making impulse purchases. from mint - money

Loan against mutual funds and loan against FDs are two popular options for borrowers seeking quick access to funds in India. LAMF is a secured loan where borrowers pledge their mutual fund units as collateral, while LAFD is a secured loan where borrowers pledge their fixed deposits as collateral. from mint - money

RBI increases risk weights on unsecured consumer loans to address systemic risk, consumers should be cautious and exercise financial prudence. from mint - money

The sum insured range also plays a role in claim rejections, with the highest number of rejected claims found in the sum insured category of ₹5 lakh, as per analysis from mint - money

Consumers may face higher interest rates as banks tighten their lending policies to comply with stricter capital requirements following a rise in risk weights. Check lowest interest rates offered by top lenders from mint - money

In November, foreign portfolio investment (FPI) inflows into the Indian debt markets reached $1.15 billion, marking the highest figure in 26 months since September 2021's peak of $1.74 billion. from mint - money

Taking the unconventional path often linked with travel also holds relevance in finances, notably in tax-saving strategies. While familiar with prominent tax-saving methods, exploring lesser-known options can yield valuable savings in personal finances. from mint - money

We have hand-picked 20 mutual funds for your portfolio from mint - money

Every investor has their own approach and strategies, varied risk tolerance levels, capital preferences and time frames. from mint - money

Regarding equity mutual funds, we recommend emphasizing large-cap funds and hybrid funds, with a portion allocated to mid-cap funds. from mint - money

Investing in mutual funds requires careful consideration of the right allocation between lumpsum and SIP investments. Lumpsum investments allow for potentially higher growth but are subject to market timing risks. SIPs mitigate volatility by investing regularly at different price points. from mint - money

Healthcare costs in India are rising rapidly, and many employees are unable to afford coverage. Employers need to do more to support their employees' health and well-being. from mint - money

Tax tips to get on track for 2024: understand the two tax regimes and choose the one that works best for you, maximise deductions, and consider investment options from mint - money

Following the decline caused by COVID-19 in 2020-21, the per capita net state gross domestic product rebounded in 2021-22 and continued to improve in 2022-23. from mint - money

Should you prepay your home loan or invest the funds? Consider factors like tax deductions, the need for immediate funds, return potentials of alternative investments, and other outstanding loans from mint - money

Customers should be aware of the IRDAI rules and conduct thorough research before purchasing any financial product to avoid mis-selling and protect their interests. from mint - money

Kotak Mahindra Mutual Fund announced the launch of the Kotak Healthcare Fund. The scheme opened for public subscription on November 20, 2023, and will close on December 04, 2023. from mint - money

A top-up or a super top-up policy can help you enhance your existing health insurance cover in a cost-effective manner. from mint - money

Yngve Slyngstad is a renowned investor who transformed the Government Pension Fund Global into the largest sovereign wealth fund globally. He advocates for long-term investing, diversification, active ownership, and transparency. from mint - money

A loan for longer may mean EMIs, which makes the car seem more affordable, but overall, you pay more as interest from mint - money

They come with longer tenures, offer a single exit option and there is no cash benefit if the option is exhausted. from mint - money

The skill of identifying and investing in overlooked opportunities that later transformed into market leaders stands as evidence of Mark Mobius’ contrarian brilliance and unwavering commitment to his investment philosophy. from mint - money

Reaching investment milestones necessitates grasping the impact of compounding, consistently investing a set amount, and plowing back returns into the investment. In the coming year, commit to consistently investing an adequate amount for a more financially secure future. from mint - money

Before India and Australia meet at the Narendra Modi stadium in Ahmedabad for the match to beat all matches – the World Cup 2023 final – on Sunday, November 19, think about the lessons this World Cup has taught you about investing. from mint - money

It is advisable to avoid consolidating all your funds into a single fixed deposit. Instead, consider adopting a laddering strategy. In this approach, the investment amount earmarked for FDs should be divided, but across different FDs. from mint - money

You can be the next Evelyn who struck gold with her lottery tickets. You can also be the next Evelyn struggling to make ends meet. In the end, it is your financial behaviour that will help you decide on which rung of the financial ladder you wish to be. from mint - money

Air pollution in Delhi NCR has led to a surge in emergency hospitalisations and out-of-pocket expenses. Health insurance can play a crucial role in preventing financial strain and ensuring access to necessary medical care. from mint - money

J&K Bank raises interest rates on Fixed Deposits, providing 3.5% to 7.50% for different periods. Senior citizens can avail an additional 0.50% interest from mint - money

The changing outlook on credit has far-reaching implications beyond transactions, shaping future financial opportunities like loans, homeownership, and job prospects significantly. from mint - money

Visa has released a report on how tokenisation is driving India's digital economy, one year after the RBI's mandate on tokenisation for e-commerce transactions from mint - money

In 2021, a SEBI circular made it mandatory for mutual funds to classify all debt schemes in terms of a Potential Risk Class (PRC) matrix. The matrix provides for a great framework to measure the maximum level of risk a fund can take. from mint - money

Equity mutual funds are exceptional investment options for retail investors. While direct stock investors enjoy greater flexibility without certain investment constraints. The choice depends on individual preferences and risk tolerance. from mint - money

IDBI Bank has extended the validity of special fixed deposit (FD) schemes, offering interest rates of 7.10% for the general public and 7.60% for senior citizens on a special maturity bucket of 375 days from mint - money

Understanding the intricate relationship between risk and return is paramount; risk often accompanies the potential for higher returns, and finding the right balance that aligns with risk tolerance and financial objectives is key. from mint - money

State Bank of India, the country’s largest lender, revised its marginal cost of funds-based lending rate (MCLR) with effect from November 15 from mint - money

UCO Bank has taken the precautionary measure of making the IMPS channel offline after a technical issue caused credits to the bank's account holders without receipt of money from other banks. The bank is working to resolve the issue and restore IMPS services from mint - money

If left unchecked and untreated, diabetes can escalate into a life-threatening condition. This underscores the importance of choosing a health insurance plan that includes coverage for diabetes. By doing so, individuals can effectively manage and protect both their financial well-being and health from mint - money

Children's Day 2023: Investors can claim income tax benefits on up to ₹1.50 lakh invested in an SSY account in a financial year, and the interest generated is tax-free. from mint - money

We'll explore some straightforward ways to invest and manage your money so your Diwali bonus doesn't just bring short-term joy but becomes a guiding star for your financial future. from mint - money

Given how inflation eats into one’s savings, parents find it essential to invest in their minor’s names early on to ensure enough accumulation of money in their names. from mint - money

The maximum claim allowed will be on the actual expenses borne by the parents. from mint - money

It is necessary to keep a record of all gifts to ensure proper trail, declare high-value gifts while filing tax returns. from mint - money

Spouses of government employees who have passed away are now qualified to participate in the Senior Citizen Saving Scheme. from mint - money

It's now simpler than ever to customise your insurance to align with your choices and preferences. You can do this through Add-On Covers, which provide protection for the cutting-edge features of your vehicle, ensuring that your high-tech additions are fully safeguarded. from mint - money

While taking a loan is not inherently negative, it is advisable to seek answers to essential questions from your banker before considering such loans in the future. from mint - money

Financial literacy is indispensable for comprehending the judicious ways to save, earn, borrow, invest, and safeguard your money. Furthermore, it's crucial for nurturing both short-term and long-term financial habits and proficiencies that culminate in overall well-being. from mint - money

In case you are planning to buy gold or start saving to buy gold for next Dhanteras, this note will be very useful. It provides you with another alternative which can be more cost effective. from mint - money

The Employees’ Provident Fund Organisation has initiated the process of crediting interest into provident fund accounts for the financial year 2022-23. from mint - money

Harnessing knowledge from books is a potent method for enriching your understanding, cultivating abilities, and widening your outlook. Books present a distinct avenue for gaining insights from authorities across various domains, all within your control, and within the cozy confines of your home. from mint - money

Gold serves as a hedge against inflation and economic uncertainties. Investors often grapple with the choice between gold mutual funds and sovereign gold bonds, requiring a nuanced understanding for informed decisions aligning with their investment goals and risk tolerance. from mint - money

Gold vs real estate: Gold is seeing strong interest on Dhanteras, but consumers remain intensely price-conscious due to volatility and price rise in the near term from mint - money

Non-residents have to pay tax on the sale of ancestral property as long-term capital gains. The cost of acquisition for capital gain purposes will be the fair market value of the house as of 1st April 2001 from mint - money

The population aged 50 and above has significantly grown in recent decades, thanks to advancements in healthcare, enhanced living conditions, and improved access to medical treatment. Will this boost the insurance sector? from mint - money

Dhanteras, the beginning of Diwali, is a good time to buy gold. Options include traditional jewellery, digital gold, or gold ETFs depending on budget and requirements from mint - money

Srinivas Balasubramanian, Head of Products, ICICI Prudential Life Insurance on the importance of retirement planning from mint - money

According to PPF rules, an individual can open one account for themselves and one account for each minor child. The maximum contribution allowed is ₹1.50 lakh in total for all accounts from mint - money

This year, investors should consider SGBs as a viable investment option due to their government backing, sovereign guarantee, tax-free interest, and capital appreciation potential. While physical gold and gold ETFs offer their own advantages. from mint - money

The home loan industry is luring in customers during the festive season by reducing home loan interest rates, waiving processing fees, and waiving EMIs and loan prepayment charges. This is a good time for borrowers to weigh options and choose the lender with the best conditions. from mint - money

Investing in mutual funds for the marriage expenses of your niece and nephew is a good idea. However, the suitable mutual fund scheme would depend on their ages and the time horizon for their marriage from mint - money

Corroborating your investment strategy with cricket may seem odd, though you cannot help noticing so many eerie similarities between the two. Just as cricket isn't a single moment but a continuous endeavour that captivates our attention, investing demands strategy and guidance for the long term. from mint - money

Thinking about insurance right now may look like a spoiler, but at the end of the day wouldn’t you want to enjoy the festive season with complete peace of mind? from mint - money

Following the partnership between Star Health and Finequs, more than one million touchpoints throughout Bharat will gain access to Star Health Group’s range of products and services. from mint - money

Samvat 2080 signals the start of a new Hindu year, creating excitement in the Indian stock market. Muhurat trading details are crucial for investors during this time. Let's discuss the significance of muhurat trading and its importance in the stock market. from mint - money

The loan amount and interest rate depend on parameters such as your income, existing credit an repayment capacity from mint - money

Amid a dynamic financial landscape, investors seek wealth protection and diversification. Silver, a traditional safe haven, remains intriguing for investors in 2023, especially during economic uncertainties. from mint - money

ICICI Prudential Multi Asset Fund has delivered a 17.5 percent return on SIPs in the past 21 years. If someone were investing regularly at the rate of ₹10,000 every month, the investment would have grown to ₹2.1 crore by investing only ₹25.2 lakh from mint - money

The insurance regulator has directed insurers to send updated customer information sheet (CIS) to policyholders in order to promote transparency. The revised format is meant to be implemented from Jan 1 onwards from mint - money

IndusInd Bank provides interest rates of up to 6.75% p.a on NRE/NRO savings accounts, up to 7.50% p.a on NRE/NRO deposits, and up to 5.95% p.a on USD FCNR deposits. from mint - money

Saumya Aggarwal, professor at Shri Ram College of Commerce (SRCC), talks about the latest changes which affect the young investors, scope of digital currencies as an asset class, the likely impact of artificial intelligence and more. from mint - money

Billionaire investor & hedge fund manager was the founder of Bridgewater Associates, the world's largest hedge fund based in New York since 1985. from mint - money

With good trust, surplus funding, and strong financials, small and midcap companies are worth betting on in the stock market from mint - money

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

Investors seeking higher interest rates are turning to the Government of India Floating Rate Bond 2034, which offers an annual interest rate of 8.05% from October 2023 to April 2024. from mint - money

According to Morningstar research, investors might benefit most from identifying consistently managed funds and maintaining their investments. from mint - money

The alternative investment industry in India has experienced a remarkable surge, outpacing mutual funds with twice the growth rate over five years. from mint - money

RIAs are investment advisors who are certified by the capital markets regulator Sebi to share their advice with investors with regards to investing in the securities markets and mutual funds from mint - money