news hub

Cathie Wood is a well-known figure among risk-tolerant investors. Her casual approach to volatility elucidates her inclination to embrace risks in stocks and investments that many other investors might shy away from. from mint - money

LIC's Jeevan Dhara policy caters to early retirement goals with financial security, flexible options, and tax benefits from mint - money

Improving your credit score is a time-taking process and may take a minimum of six to nine months. It is imperative that you pay your credit card bills and loan EMIs on time. A default in the payment can impact your credit score severely. from mint - money

NPS vs equity mutual funds: Both the National Pension System and equity mutual funds have their advantages and disadvantages from mint - money

In the face of evolving financial landscapes and products, it is crucial to consistently acquire knowledge and adjust your financial strategies. Financial literacy involves dedicating time and effort to understanding financial concepts. from mint - money

Receiving a salary increase is a notable achievement and reason for celebration, but it’s essential to approach your enhanced financial resources with careful consideration and strategic planning. from mint - money

With the price cuts, the time taken to recover the extra upfront cost of an EV has reduced. from mint - money

William H “Bill” Gross actively managed and invested in his capacity at PIMCO. Recognizing his contributions to the advancement of bond and portfolio analysis, Gross became the inaugural portfolio manager to be inducted into the “Hall of Fame” by the Fixed Income Analysts Society. from mint - money

The RBI's Financial Literacy Week in 2024, observed from February 26 to March 1, centred around the theme - Make a Right Start: Become Financially Smart. Geared towards young adults, especially students, the goal was to cultivate responsible financial habits from an early stage in life. from mint - money

National Pension System: Currently, there are ten pension fund managers in the country, comprising seven private companies and three government-owned entities from mint - money

There are no tax implications of the transaction for either you or your daughter as gifts received from specified relatives including parents are not to be treated as income for income tax purposes given the provisions of Sec 56 of the Income Tax Act from mint - money

The Income-Tax Department said it has identified discrepancies in the information received from third parties regarding interest and dividend income when compared to taxpayers' ITR. Notably, some taxpayers have not filed their ITR, it added. from mint - money

Tom Steyer's stint at Farallon Capital proved remarkable. Through his leadership and investment strategies, the firm garnered substantial returns, solidifying its prominence in the hedge fund industry. from mint - money

Singapore does not levy any tax on capital gains; NRIs there, however, have to pay tax in India and file for refunds. from mint - money

In 1954, he created the Templeton Growth Fund, which gave an average return of over 15 per cent per year for 38 years. from mint - money

Parekh, a conservative investor, is switching to long duration debt to capture changes in the interest rate cycle from mint - money

Health insurance is increasingly becoming a mainstay support for health expenditure. from mint - money

Immovable property or moveable property received by an individual becomes taxable if the aggregate sum of money received during the year exceeds ₹50,000. from mint - money

Enhanced financial inclusion and financial literacy are crucial in empowering individuals to navigate financial systems, access credit, and leverage digital platforms effectively. from mint - money

The rate of rejection by the Employees' Provident Fund Organisation (EPFO) rose from 13 percent to 34 percent in 5 years from mint - money

The movie All India Rank lacks originality, offering cliches of coaching classes and ambitious parents. Mathematical concepts are highlighted, emphasizing the importance of understanding numbers in investments. from mint - money

The Reserve Bank of India (RBI) has directed banks and prepaid payment instrument issuers to issue such instruments to enable payments across public transport systems from mint - money

Indian mutual funds had ₹1,699 crore exposure to the stock from mint - money

Witnessing a farmer in action provides valuable insights into the realm of investing. Farmers and investors share a common understanding that achieving rewards requires patience and sustained dedication. It’s crucial not to be swayed by short-term fluctuations and to stay focused on long-term goals. from mint - money

In order to check the status of your case as to whether tax demand has been waived off, the department advises taxpayers to log into their account and go to ‘pending action’, and look for ‘response to outstanding demand’ from mint - money

Mutual fund SIP calculator: To amass a corpus of ₹5 crore by the age of 60, you'll need to make monthly investments based on your current age and risk tolerance from mint - money

When drafting estate planning documents such as wills or trusts, individuals should carefully choose the governing law. from mint - money

NPS scheme: In the Tier-1 account, NPS-Scheme E allocates investments to equities with long-term growth potential. As we know Tier -I is a compulsory retirement account from mint - money

Financial planning involves more than just commencing early; it requires having a well-defined roadmap. A thorough comprehension of your income, expenses, goals, and risk tolerance is crucial for making informed decisions about your finances. from mint - money

Income Tax allows exemption and deduction of certain investments made during the relevant year. Now financial year is about to end hence the taxpayer needs to make investments before March to claim the benefit in the Income Tax Return of A.Y 2024-25 from mint - money

KYC is essential for businesses to verify customer identities, comply with regulations, and combat financial crimes. Leveraging AI and biometrics in KYC balances security and convenience, safeguarding citizen data privacy from mint - money

SGB allotment: If you applied for the latest SGB tranche this month, you must be eager to know the allotment status. There are a few easy ways to check this. from mint - money

The Pension Fund Regulatory and Development Authority (PFRDA) rules define that a subscriber is allowed to make partial withdrawal but only up to 25 percent of contribution excluding the employer’s contribution from mint - money

Before borrowing home loan, borrowers tend to compare interest rates offered by different banks. Most banks usually charge interest rates between 9-11 per cent, however, the rate varies on the basis of credit score and the amount of loan borrowed. from mint - money

The Unified Payments Interface (UPI) is hailed for its game-changing impact on Non-Resident Indians (NRIs), enabling quick and easy fund transfers from mint - money

Abhishek Tiwari, PGIM India Mutual Fund's CBO, shares his views on the ongoing bull run, sectors that are likely to do well in the near to long term future, He also speaks about the caution that investors should exercise as they chase high return investment from mint - money

The newly launched PMLI Small Cap fund leverages the potential of companies poised to evolve into future large caps. from mint - money

As an increasing number of women emerge as business leaders in the MENA region, there is evident proof of women becoming more astute and actively engaged in decisions related to their financial well-being. from mint - money

A reverse mortgage is a loan available to homeowners aged 62 or older, allowing them to convert part of the equity in their homes into cash. from mint - money

Asset allocation is the base which has to be done prudently to get the desired result. Otherwise, overallocation or under-allocation is hazardous. from mint - money

The exchange traded fund will invest in small caps using liquidity, quality and momentum factors from mint - money

It’s important to be aware that there are restrictions on the new property acquired using the capital gains. from mint - money

The apex court directed that the issuing bank, SBI, shall herewith stop the issuance of electoral bonds and submit complete details. from mint - money

Solving the Rubik’s Cube and navigating investing complexities have similarities. Both require practice and building muscle memory. A rule-based approach and following structured steps are essential for success. from mint - money

The lowest interest rate offered by most commercial banks hovers in the range of 3 to 4.25 percent, while the maximum interest rate is in the range of 7 to 7.25 percent. from mint - money

Zerodha Fund House announced the launch of the Zerodha Gold ETF. The scheme opened for public subscription on February 16, 2024, and will close on February 21, 2024. from mint - money

Over 6 in 10 respondents rely on friends, family and their bank relationship manager as key sources of information for understanding how to make tax savings, reveals ICICI Lombard’s report on Emerging Trends in health insurance from mint - money

Introduced in September 2023 by the Indian government, the PM Vishwakarma Scheme is a central sector initiative designed to offer comprehensive assistance to artisans and craftspeople nationwide. The scheme is named after Vishwakarma, the Hindu god of craftsmen and artisans. from mint - money

Equity funds are expected to see some leeway but not much of a relaxation may be granted to debt funds. A cap on the exposure of an NBFC to an AIF may also be introduced. from mint - money

Understanding the fundamental principles of Cohen's approach can enhance investment decisions, although his methods may not be suitable for all investors. from mint - money

Failing to meet the minimum annual contribution can result in the freezing of your NPS account. However, the reactivation process may vary depending on the specific reason for the freeze. from mint - money

Reserve Bank of India (RBI) has issued order restraining payments by companies through intermediaries to non-card accepting recipients for violation of section 4 of Payment and Settlement Systems (PSS) Act from mint - money

A personal loan is an unsecured loan that relies on creditworthiness and ability to repay. Credit score is a key factor used by financial institutions to determine loan eligibility. A CIBIL credit score of 750 or higher is considered healthy. from mint - money

The IndusInd Pioneer Heritage credit card is a premium choice for discerning customers, offering top-tier features and privileges. It provides attractive benefits like fuel surcharge waivers, welcome vouchers, reward points, movie discounts etc. from mint - money

Himanshu Kohli, Co-founder of Client Associates, discusses the evolving landscape for High Net Worth Individuals (HNIs) in 2024, emphasizing diversification through international real estate and the growing importance of ESG-compliant investments. from mint - money

To maximize returns on FD investments, evaluate the duration of the FD, consider implementing a ladder strategy with varying maturities, compare interest rates from different banks, and be aware of early withdrawal penalties. from mint - money

Joint financial planning can strengthen a couple's relationship by fostering teamwork, trust, and shared goals, leading to long-term wealth creation and financial success. from mint - money

Valentine’s Day is an opportunity to enhance financial security by gifting insurance, gold bonds, mutual funds, emergency funds, or investment books from mint - money

Score, a dating app in the US requires aspiring partners to reveal their credit score before they are matched to their ideal partners. from mint - money

Female entrepreneurs emphasise the importance of consistency in savings for long-term financial planning from mint - money

SGB vs bank FD vs PPF: Sovereign Gold Bonds are a secure and stable investment option with tax benefits and a maturity period of eight years from mint - money

Mutual Funds vs bank deposits: Consumers shifting from saving to investing is reducing the availability of funds in banks, as more people choose mutual funds over traditional savings accounts. from mint - money

The Ministry of Finance has turned down a request to increase the monthly minimum pension in the Employee Pension Scheme (EPS) from ₹1,000 to ₹2,000 per month from mint - money

The Reserve Bank of India has announced the availability of the next tranche of the Sovereign Gold Bond Scheme from 12th to 16th February, with an issue price of ₹6,263 per gram. Here's a look at historical returns from mint - money

MSM REITs in India provide investors with a unique proposition to participate in the commercial real estate market. They adopt a niche-targeted approach and offer transparency and control beyond traditional blind pool investments. from mint - money

ICICI Lombard Health AdvantEdge is a comprehensive and affordable health insurance plan that provides coverage for hospitalization-related expenses. It offers flexible coverage, a range of features and benefits, and caters to the unique medical needs of individuals and families. from mint - money

After Google updated its policy regarding enforcement of loan apps, only those apps are permitted on the PlayStore which are published by regulated entities or those working in partnership with regulated entities. from mint - money

The film ‘Teri Baaton Ne Aisa Uljha Diya’ highlights the role of technology in the investment industry and the importance of having backup plans for glitchy apps. from mint - money

This average annual return of 29.35 per cent in equities in the first week of February is more than triple the return of about 7.87 per cent seen in corporate bonds. from mint - money

On Valentine's Day 2024, singles should revisit their budget, trim unnecessary expenses, and consider setting up automatic transfers to savings or investment accounts. from mint - money

The private sector bank offers special interest rate of 7.20 percent on a tenure of 35 months and 7.25 per cent of 55 months. The new rates will come into effect from Feb 9 i.e., Friday. from mint - money

Top banks offer different interest rates on personal loans, ranging from 10.25% to 26%. To get the lowest rate, it is important to have a high credit score and a good repayment history. Here we give a lowdown on top ten banks and interest rates they charge on offering personal loans from mint - money

These cards are usually meant for the customers who have an abysmally low credit score and they can use them to improve their score over a period of time from mint - money

ICICI Prudential Life Insurance introduces ICICI Pru Gold Pension Savings, a new pension product aimed at helping individuals build a retirement corpus. It offers guaranteed capital safety, health check-ups, partial withdrawals, and annual bonuses. from mint - money

The RBI proposes to introduce programmability and offline functionality in the CBDC pilot to enable additional use cases and transactions in areas with poor internet connectivity from mint - money

The Reserve Bank of India (RBI) has kept the repo rates unchanged for the sixth time in a row at 6.5 per cent from mint - money

FD rate hike: Axis Bank offers FD rates of 3.50-7.85% p.a. to senior citizens on tenures ranging from 7 days to 10 years, effective from 5 February 2024 from mint - money

Specific sectors might experience positive outcomes from the proposals in the recent interim budget. Nonetheless, adopting a well-rounded approach is crucial before determining when, where, and how to allocate funds for optimal returns. from mint - money

India has become a desirable investment location for NRIs. Conservative risk tolerance is favoured by approximately 4% of NRIs based in the UK. The survey reveals that only 1% of NRIs from Canada, the UK, and Singapore prioritize funding for education. from mint - money

Value investing presents an appealing strategy; however, identifying genuinely undervalued stocks with a margin of safety demands meticulous analysis and discipline. Emphasizing the value investing philosophy of Benjamin Graham, as endorsed by Christopher H. Browne, is crucial in this pursuit. from mint - money

Before choosing a fixed deposit, it's important to compare the interest rates on offer. from mint - money

HDFC Bank has revised its interest rates on bulk fixed deposits of ₹2 crore to less than ₹5 crore from mint - money

The robust demand for credit in the Indian market reflects the dynamic evolution of our fintech landscape, symbolising both the economic strength of our nation and the ambitious aspirations of our people. from mint - money

India’s stock market is expected to grow in the long term albeit with some short-term volatility. from mint - money

Recurring deposit (RD) interest rates 2024: A comparison of RD rates offered by top banks like SBI, HDFC, and ICICI from mint - money

Dividend yield funds are equity mutual funds that invest in high-dividend-yielding stocks. They provide regular income and lower risk compared to other equity funds. Dividends are taxed at the investor's income tax rate, while capital gains are taxed at a flat rate. from mint - money

Senior Citizen Fixed Deposits (FDs) offer special interest rates to individuals over the age of 60 from mint - money

PPF offers 7.1% interest annually and can be opened online through SBI, HDFC, and ICICI from mint - money

Income taxpayers are advised to plan their activities accordingly as services on the e-filing portal will be restricted till early February 5 for scheduled maintenance from mint - money

Earlier, ITR-1 and ITR-4 for the A.Y. 2024-25 were notified dated 22.12.2023. All ITR Forms 1 to 6 have since been notified and will come into effect from 1st April, 2024. from mint - money

An underdog sports film, 'Next Goal Wins', directed by Taika Waititi, fails to engage the audience with its multiple storylines and lack of depth. The film attempts to tackle themes of acceptance and diversity, but falls short in delivering a compelling narrative. from mint - money

Sebi has set a deadline for account holders to nominate beneficiaries or formally opt out, warning that non-compliance would lead to account deactivation from mint - money

Those who want to earn marginally higher interest rates on their fixed deposits, at times, lock them in the name of their old parents since banks offer generally 50 basis points higher interest rate to senior citizens. from mint - money

Finance Minister Nirmala Sitharaman announced in the Interim Budget that the government will withdraw all outstanding disputed tax demands up to a specified amount and pertaining to a specified period, benefiting about one crore taxpayers. from mint - money

Hackers are using sophisticated tactics to exploit vulnerabilities in the UPI ecosystem, leading to an increase in UPI frauds in India. Phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning are common fraud methods. from mint - money

The Interim Budget maintains existing rates for direct and indirect taxes. Outstanding direct tax demands up to ₹25,000 for the period until FY 2009-10 and up to ₹10,000 for financial years 2010-11 to 2014-15 are eliminated. The average processing time for tax returns has dropped to 10 days. from mint - money

Finance Minister Nirmala Sitharaman assured taxpayers that their contributions have been used wisely for the country's development and welfare. from mint - money