In response to rising customer demand for digital flexibility and ease in communication, banks in India along with other financial institutions have simplified the process to update and regulate the registered email address linked to credit card accounts. As of June 2025, most of the major financial institutions now permit credit card holders to modify […]
Investment word of the day: Whether you’re new to investing or an experienced investor looking to diversify your portfolio, choosing the right type of securities can often be confusing due to the vast pool of options. Among the many investment options available, gilt funds stand out as a notable choice. Here’s a simple guide to […]
But why should that be the case? Why has such an important pillar of financial management remained out of reach for the average person? To answer this, it helps to first understand what wealth management really means. At its core, wealth management brings together various tools and expert services to help individuals preserve and grow […]
I want to build a corpus of ₹20 lakh in about 12 years for my child’s higher education. I’ve been considering child insurance plans as they offer tax benefits and waive premiums if something happens to me. However, my wife believes they are expensive and suggests investing via SIPs in mutual funds. How should I […]
As retail investors in the country look for stability amid the ongoing market volatility in June 2025, the Aditya Birla Sun Life Balanced Advantage Fund (ABSL BAF) continues to draw admiration for its unique and dynamic asset allocation strategy. The objective of setting up this fund is to balance equity and debt exposure based on […]
With effect from June 1, 2025, two state lenders – Punjab National Bank and Canara Bank has revised their interest rates on fixed deposits. Punjab National Bank now offers interest in the range of 3.50 percent to 6.90 percent across tenures for deposits lower than ₹3 crore for general citizens. The senior citizens are entitled […]
HUF and HUF assets are two different concepts, as it is not necessary for an HUF to own assets. An HUF may exist because there are two or more living coparceners, but it may not own any assets. This is because Hindus get joint family status by birth, and joint property is simply an adjunct […]
Do you contribute a part of your salary to the Employees Provident Fund (EPF)? If yes, you are eligible for life insurance up to ₹7 lakh under the Employees Deposit Linked Insurance (EDLI) scheme. In other words, if an EPF member passes away while in service, the Employees Provident Fund Organisation (EPFO) will give their […]
Rajeev Thakkar, chief investment officer of PPFAS Mutual Fund (Parag Parikh Financial Advisory Services), oversees assets exceeding ₹1 trillion. Thakkar, 52, has built a solid track record over the years, with the Parag Parikh Flexicap Fund becoming the largest fund in its category. Incidentally, this is also the fund that Thakkar uses for his own […]
My father had to be hospitalized in July 2024 due to a brain stroke; he was in the ICU after surgery for a month, and then once he became stable, we transferred him to a stroke rehabilitation centre, where he was admitted for a further four-and-a-half months. As the combined cost of the surgery, hospital […]
I was paid ₹10 lakh as a joining bonus, which I was required to refund if I left the employment within three years. The same was included in my form No. 16, and tax was deducted at source on this joining bonus amount. I decided to quit my employment before completing three years, and therefore […]
The latest stress test for April 2025 reveals that some small cap mutual fund schemes will take as long as 70 days to liquidate 50 percent of portfolio. Those who are not aware, all mutual funds are supposed to make a range of disclosures with respect to their mid and small cap schemes wherein they […]
Managing daily payments for elderly family members or dependents, long a logistical challenge for many Indian households, just got easier. The National Payments Corporation of India (NPCI) has expanded the UPI Circle feature, previously exclusive to the BHIM app, to work interoperably across major platforms like PhonePe and Google Pay. The upgrade transforms UPI Circle […]
After all, fixed deposits yield 6-7% interest every year, and investment-grade bonds could only reach up to 10%. Tempted by the high return, Ram decided to consult his financial advisor before making a move. “That’s not how it works,” his advisor said. Understanding InvITs For starters, Infrastructure Investment Trusts or InvITs are instruments that allow […]
In India a credit score is an extremely important indicator of an individual’s financial health. It influences personal loan approvals, interest rates, credit card eligibility, future loan approvals, applicable interest rates and tenure period. As of May 2025, a credit score below 650 is generally considered poor. It has the potential to limit access to […]
NICOSIA, Cyprus (AP) — Cyprus will offer Syrian families money to help them resettle back in their homeland and allow the main income earners to remain on the island nation for up to three years to work as part of a voluntary repatriation program, a Cypriot minister said Thursday. Deputy Minister for Migration Nicholas Ioannides […]
Tax on capital gains has long led to disputes in many areas. One such area is capital gains from the sale of leasehold or tenancy rights. Selling tenancy rights is quite common in Mumbai, where several tenanted properties are undergoing redevelopment. It is an accepted legal position that such rights are capital assets and thus […]
These can impose a heavy burden upon one of the spouses. According to lawyers that Mint spoke to, several solutions are available. While none of them is foolproof, each can reduce the risk in litigation. Why you should protect your assets Marriage is generally entered into with the thought of living ‘happily ever after’ and […]
Despite access to more information and better financial literacy, investors still exhibit the same emotional tendencies: fear, greed, overconfidence, herd behaviour, and loss aversion. Basic instincts Emotions override logic. Else investors would not be asking about continuing SIPs (systematic investment plans) or switching from equity to gold. These questions often stem from a desire to feel […]
Do you travel frequently on trains? Then, co-branded credit cards offered by IRCTC (Indian Railway Catering and Tourism Corporation) in association with banks will be an ideal choice for booking tickets. IRCTC has joined hands with HDFC Bank, State Bank of India, Bank of Baroda and RBL Bank for co-branded cards, which offer a host […]
As the Indian equity markets continue their growth journey, investors in the country are revisiting the principles of value investing amid volatile equity markets and global uncertainties. Mohnish Pabrai’s iconic book, ‘The Dhandho Investor’ remains a favourable resource in this regard, laying down a pragmatic, low risk strategy deeply rooted in traditional Gujarati business thinking. […]
Financial awareness has always been low in the army and seniors hardly discussed money or investments, he added. Chauhan’s views reflect a broader pattern among defence personnel in the Army, Air Force, and Navy, where financial awareness has traditionally been low. “Financial ignorance and lack of time combined, saving in provident fund (called Defence Service […]
Adjusting education portfolio Shenoy had started making investments for his son’s education goal in 2017. As mentioned, the expected goal was domestic education at the beginning. He started investing for the goal from his PMS in 2019. He assumed weighted average returns of 12.2% from a 60:40 equity:debt portfolio, which was part of his PMS […]
This ability to dynamically balance risk and reward makes them particularly attractive to moderate-risk investors looking for inflation-beating, tax-efficient returns, without the need to time the market. Historical data reveals that dynamic asset allocation funds (DAAFs) have offered strong downside protection, relatively low volatility, and consistent returns, especially appealing for moderate-risk investors. Read this | […]
I have bought a residential property with my wife by taking a joint home loan. I am the only one repaying the loan. We have let out this house. The rental agreement is made in the name of my wife, and the rent is credited to my wife’s bank account. We stay in a rented […]
The government has ratified the rate of interest on employees’ provident fund at 8.25 per cent for FY25, enabling retirement fund body EPFO to deposit the annual interest accumulation in the post-retirement funds of over 7 crore subscribers. EPFO, on February 28, had decided to retain the interest rate of 8.25 per cent on employees’ […]
The Employees Provident Fund Organisation (EPFO) introduced several reforms in 2025 to simplify and digitise the process. Here are the five most significant changes made by EPFO this year. Digitisation of the joint declaration process EPFO has digitised the joint declaration process from 16 January 2025 onwards. By linking the Universal Account Number (UAN) to […]
As wedding related expenses continue to rise in the country, many couples are actively exploring financial resolutions to manage costs efficiently. ICICI Bank provides for marriage loans, to help aspirational borrowers in helping them meet various wedding related expenses from venue booking to attire, catering etc. What is a marriage loan? A marriage loan is […]
Non-resident Indians (NRIs) may be living abroad but a vast majority of them continue to have financial obligations in India. An NRI credit card will be a useful tool for them to manage their expenses in India. A credit card issued in India will also help NRIs make payments during their travels to their home […]
If you are a credit card user in India, withdrawing cash using a credit card, also known as cash advance can be a costly exercise. Given such a transaction provides immediate liquidity, still it comes with several serious consequences such as significant fees and interest charges that all current and aspirational credit card users must […]
Mint gives you a handy guide on how to report capital gains from shares and equity mutual funds. Choose the right ITR form ITR-2 is the most common form for individuals and Hindu Undivided Families (HUFs) who have income from capital gains but no business income. For individuals or HUFs with income from profits and gains […]
In today’s world, credit reports and credit scores have become synonymous with financial health and stability. These tools, once primarily used by banks and financial institutions to assess a borrower’s creditworthiness, are now influencing far more aspects of a person’s life. From determining eligibility for a loan to impacting job opportunities, insurance premiums, the reach […]
In India’s rapidly evolving financial landscape, clearly understanding what lenders foresee or find out from your credit score is crucial. As a general rule, currently a credit score of 750 or above is considered excellent. Such a high credit score and unblemished repayment history significantly influences loan approvals by making the entire process easier along […]
When a borrower approaches a bank or NBFC for a loan, the bank invariably asks for the credit score. A credit score is a three-digit score given by a credit bureau which indicates a borrower’s creditworthiness i.e., whether the person is likely to repay the loan. This is, apparently, an urban concept where borrowers are […]
International ATM withdrawals with debit, credit, and forex cards levy a ₹150-500 fee per transaction. But the Global Forex Card, a single-currency forex card denominated only in US dollars, doesn’t charge this fee. The BMF card also solves the biggest challenge associated with forex cards—cross-currency conversion. When forex cards are used in a country with […]
The investment strategy at each stage in life has to have different consideration and must change according to peculiar circumstances. For example, a person at the initial stage of his career can take risks with his money and invest substantial portion of his savings aggressively in volatile and risky assets like equity but not the […]
I was laid off from an MNC by way of resignation. The company offered ₹35 lakh as ex gratia, but taxed the entire amount as per the applicable tax slab rates. Is the ex gratia taxable? If yes, why? Can I get a refund/rebate on the tax paid? The taxability of the ex gratia received by […]
When the nation is becoming Atmanirbhar, why should we individuals lag behind? Let us discuss how one can Atmanirbhar and remain Atmanirbhar during all the phases of life. Also Read | Gold price today in your city: Check Mumbai, Bengaluru, Chennai, Delhi on May 18 Early days in life Gaining basic knowledge about finance Ideally […]
As digital transactions become immensely admired in India, numerous tenants are exploring the opportunity of paying their monthly rents through credit cards. This particular method provides several benefits such as cashbacks, reward points and improved cash flow management. Still, it is crucial to acknowledge and understand the associated fees and regulatory considerations. Key considerations before […]
Mission Impossible films have always had awesome villains, pretty ones like Sabine Moreau, and evil ones like Owen Davian. In this film, Esai Morales plays Gabriel – not an angel – who wants to play god and rule the Internet. But scarier than the man who wants to rule, is the sentient internet itself. And […]
Before investing in a mutual fund scheme, it is normal for investors to compare the returns delivered by one scheme and compare the same with those of others in the same category. Although historical returns are not guaranteed, it gives a fair idea of the returns which one can expect from the scheme as the […]
The State Bank of India (SBI) continues to be a preferred option for individual borrowers seeking personal loans. The bank offers amounts of up to ₹35 lakhs with easy and flexible repayment options. There are also special options available for personal loans above ₹35 lakhs to make borrowing a seamless experience. Now for all such […]
Burton Malkiel’s, ‘A Random Walk Down Wall Street’ remains an enduring and must read book for both seasoned investors and new investors. First published in 1973, the book provides timeless insights and words of wisdom that still remain highly significant in today’s dynamic global markets. Here are seven lessons from this book every smart investor […]
My friend passed away in an accident in January. He had multiple life insurance policies. While a few insurers have honoured the claims, one recently purchased policy has been rejected on the grounds that the earlier policies were not disclosed in the proposal form. Is this a valid reason for claim rejection under Irdai rules? […]
Employees provident fund (EPF) subscribers are entitled to withdraw their money after they quit their job. Typically, the money can be withdrawn two months after leaving the job. However, if someone is going abroad or an employee (female) quits her job to get married then the subscriber does not need to wait for two months […]
A credit score of less than 600 is considered poor in India. Such a score can significantly impact your financial stability and prosperity. It is a given that low credit scores may lead to loan rejections and complications. Still, there are several other lesser known consequences of low credit scores that can disrupt both personal […]
However, SBI Pension Funds has delivered the least returns among the 11 pension fund managers under the National Pension System (NPS), a government-sponsored, market-linked retirement savings scheme, across time periods. The fund registered a compound annual growth rate (CAGR) of 2.09%, 13.34%, 19.78%, and 11.88% over the past 1, 3, 5, and 10 years, respectively […]
What tax benefits can I claim on my home loan under the current rules? Can tax deduction be claimed on both principal and interest payments? How much can I save on taxes if I have a joint home loan with my spouse? Do I lose tax benefits if I rent out the property instead of […]
Investment word of the day: If you plan to invest in mutual funds, it becomes important to understand that there are certain costs associated with them. Mutual funds levy certain operating expenses to cover the costs of managing a scheme. Hence, as a mutual fund investor, it becomes essential to know such costs to make […]
I have been residing in the UAE for the past 25 years and carry on my business here. On the occasion of my 50th birthday, a couple of my Indian cousins have gifted me USTD into my private wallet here from theirs in India, after I shared my private key with them. Do I have […]
How can I effectively plan my father’s retirement, considering he is 57 years old and approaching retirement after a dedicated career?My parents own land valued at ₹2.5 crore (which they plan to sell), two properties worth about ₹90 lakh, an LIC policy with an expected maturity value of ₹35 lakh, mutual fund investments amounting to ₹12 […]
At a time of high medical inflation, insurance has become more than a backup plan – it’s now a calculated investment. For women, especially mothers, full health coverage is an important shock absorber for unexpected medical costs that could otherwise jeopardise family budgets. How health insurance supports women through motherhood Pregnancy-related medical bills can often […]
As we approach Mother’s Day in 2025, our thoughts naturally turn to the incredible contributions and unwavering dedication of mothers. They are the cornerstones of our families, juggling multiple responsibilities and consistently putting the well-being of their loved ones first. While we celebrate their nurturing spirit and tireless efforts, it is crucial to acknowledge and […]
A dead Milind Soman still makes his presence felt… He’s left his money to Maurice. Who is Maurice? The family needs to tighten its royal belt and learn to accept responsibilities. Ishaan Khattar plays the young maharaja who has been living the high life One prince likes to cook, the daughter has no direction in […]
Capital markets regulator, the Securities and Exchange Board of India (Sebi), often issues warnings to unregistered investment advisers to prevent them from offering advisory services to investors. On May 8, Sebi issued a warning to Rajni Kumari (name changed), a resident of Muzaffarpur in Bihar, for providing unregistered investment advisory services without obtaining registration as […]
The SBI Small Cap Fund has emerged as a prominent investment choice for retail investors opting for high growth through equity markets. As of May 2025, the fund has displayed impressive performance making it a compelling option for long term investors. In the last 5 years the SBI Small Cap Fund direct plan growth has […]
For three decades, I have observed the machinery of banks, insurance companies, and investment firms with growing concern. The conventional wisdom suggests that a positive, trusting attitude leads to success in life. We’re taught from childhood that assuming the best about others usually works out well. This approach serves us admirably in most human interactions–except […]
The travel segment has been growing by leaps and bounds in the last few years. As more and more Indians travel within and outside India, banks have been launching travel-centric credit cards. Kotak Bank is the latest bank to launch a travel-centric card – the Kotak Solitaire Credit Card. In this article, we will understand […]
Growing your wealth by investing is all about finding the correct balance. One of the most important, and perhaps biggest decisions is how you should divide the total corpus you wish to invest into different investment types, be it debt, or equity, or other asset classes like real estate or gold. Experts feel that investing […]
With extreme weather events that include severe cyclonic storms and heatwaves becoming normal now, climate change is real. Climate change can hit people in multiple ways including loss of livelihood and income loss that may last for a few days, weeks or even months. To mitigate the losses arising from climate change, Bajaj Allianz General […]
A new credit card user is recommended to use the card optimally. This can happen by avoiding to make certain common mistakes which credit card users often make. These include maxing out your card, missing payments, withdrawing cash, paying the minimum due and overlooking other charges. Here we list out the five key mistakes which […]
When an applicant of a personal loan goes ahead with applying for this particular credit instrument in India, one of the key documentation requirements is the submission of bank statements. It is these statements that help lenders in assessing and understanding an applicant’s financial stability and repayment ability. Still, the specific duration of bank account […]
Permanent Account Number, or PAN, is an identification number that provides lenders with a complete image of the credit pattern. It helps monitor the monetary transactions of citizens and curbs all those transactions that happen outside of the legal framework. It is vital to link the PAN card number with all the bank accounts, which […]
Securing a ₹1 lakh personal loan in India hinges immensely on the strength of your credit profile and your present credit score. These are key indicators of your creditworthiness. Financial institutions and lending banks check this score to determine the risk associated with lending you credit. According to Mr Rohith Reji, Co-founder, Neokred, “Lenders typically […]
The FIRE movement can be a life-changer even for those who don’t plan to retire early. Rasheeda Creighton, of Richmond, Va., discovered FIRE—Financial Independence, Retire Early—at a time when she needed it: She was going through a divorce, had a toddler, and didn’t know how far her retirement savings would take her. At 40, she […]
For numerous Indian students, securing an educational loan is a critical step towards accomplishing academic success. Still, lacking a proper credit score and a clean credit history can pose significant challenges in securing education loans on easier terms. Even in such circumstances, it is important to acknowledge the fact that there are still several avenues […]
For investors in India, maintaining a clean and accurate record of dividend income is crucial for proper financial planning and income tax compliance. To meet the same expectations HDFC Securities provides multiple avenues through which dividend statements can be obtained. The objective of providing various platforms to investors for downloading dividend statements is to bring […]
Ajay Devgn’s Amay Patnaik gave us the hero who, with his team of income tax officers, raided a powerful politician who had stashed all his ‘kala dhan’ in the form of gold coins and cash in the walls of his home. Saurabh Shukla played the politician who was sent to jail for all that undocumented, […]
In addition, BHIM’s UPI Circle feature continues to expand its use-cases for secure delegated payments. At the core of the app’s functioning is the Unified Payments Interface (UPI), a platform that facilitates money transfers between bank accounts. Here’s a deeper look into the new BHIM features, how to use them and where users need to […]
Q. I have been investing in largecap mutual funds for the past 5 years. Now, I want to invest in midcap indices, particularly in Nifty Midcap 50. Can you please elaborate on the pros and cons of investing in mutual funds tracking Nifty Midcap 50 Index? Additionally, please elaborate on the differences between Nifty Midcap […]
If you are a frequent traveller, it is quite usual to reach an airport a few hours early where you have no choice but to wait for long before your flight is scheduled to depart. This makes your access to airport lounges quite significant. Since the lounge’s charges are typically high, most customers prefer to […]
If you are looking for a new credit card, it is recommended to secure the one that offers a range of benefits, particularly reward points while you use it. These reward points allow the cardholders to redeem them for buying the merchandise or services. Here we list out 5 popular cards which offer rewards: I. […]
To raise money for investing in a stock market, some investors resort to taking a personal loan. However causal it may sound, this is not a healthy practice and should ideally be avoided. And even if you have a strong desire or reason to do so, it is recommended to first speak to an investment […]
Akshaya Tritiya gold offers: There is good news for people seeking to buy gold on the auspicious occasion of Akshaya Tritiya this year, price of the yellow metal opened lower today due to a stable US Dollar, and eased worries over the economic fallout of Donald Trump’s tariffs war. MCX gold prices tumbled ₹394 per […]
If you are planning to raise a loan – secured or personal – one of the first things that you must do is to find your credit score. This is a three-digit number that reflects your creditworthiness i.e., your ability to repay a loan that you took. Higher the credit score, better it is for […]
In a recent financial fraud in Panchkula, a woman and her husband lost ₹17.5 lakh to a man posing as an Indian Army captain. According to reports, the accused, identified as Sagar Guleria, allegedly convinced the couple to transfer a sanctioned personal loan amount to his account. He claimed the transfer was necessary to help […]
It is not uncommon for some people to have zero credit history. This usually happens with the students and young professionals who do not have a history of using a credit card. Here, we delineate key differences between having low credit score and no credit score. A ‘no credit history’ typically happens when someone has […]
In India’s ever-evolving credit distribution landscape, personal loans have emerged as a strategic tool not just for meeting financial needs and aspirations such as health, education, medical expenses, home renovation, etc, but also for boosting and enhancing the creditworthiness of borrowers. When managed sensibly, personal loans can positively influence your credit score and your overall […]
US President Donald Trump in a new post has claimed that the imposition of tariffs will lead to a huge number of Americans seeing a decline in their income tax. In a post on Saturday on his social media platform Truth Social, Donald Trump claimed that the tariffs will help reduce income tax for people, […]
Credit Score: Whether you are applying for a car loan, home loan, personal loan, or even a credit card, commercial banks tend to check your creditworthiness. This is measured by a three-digit number between 300 and 900, known as a credit score. Numerous factors influence your credit score, including your payment history, overall credit mix, […]
Sovereign Gold Bond Scheme: The Reserve Bank of India (RBI) has announced the premature redemption price for the Sovereign Gold Bond (SGB) Scheme, Series I of 2020-21, setting it at ₹9,600 per unit. The redemption is scheduled for April 28, 2025. SGBs can be redeemed prematurely after the completion of five years from the issue […]
The words “credit” or “debt” can feel quite daunting, especially when you’re just starting on your financial journey. For a long time, young individuals were often advised to avoid borrowing or seeking credit in the early stages of building their financial independence. The belief was that credit was risky, something to be avoided unless necessary. […]
Credit Cards: If you are planning to apply for a credit card, make sure that you opt for one that closely resembles your spending habits. Before you choose a lifestyle credit card, several criteria should be factored in. These include annual fees, extra perks, welcome bonus, hidden charges and brand collaborations, among others. Here we […]
Travel credit cards: When you are a travel freak and a credit card user at the same time, it is advisable to subscribe to card(s) that offer a range of benefits. These benefits could range from access to the airport lounge to cashbacks and other reward points. Here, we list out five popular credit cards which offer […]
Capital markets regulator Securities and Exchange Board of India (Sebi) has introduced some changes with regards to the cut off time to determine net asset value (NAV) of overnight funds. Prior to this, SEBI had released a circular dated Dec 12, 2023 to ensure upstreaming of clients’ funds. The circular specifies the framework requiring stock […]
Last month’s global selloff—marked by a 7% slide in the S&P 500 and a more than 5% dip in the Sensex—set off the usual chain reaction: a flood of alarming headlines, wall-to-wall coverage from financial experts forecasting doom, and social media timelines buzzing with everything from cautious concern to full-blown panic. It feels like déjà […]
Gold prices: Since the price of gold has been skyrocketing due to volatility arising out of Donald Trump’s tariffs, many retail investors are tempted to invest in the yellow metal. On Wednesday, gold bullion prices in Delhi were at ₹95,820 per 10 gms, while the corresponding prices in Mumbai were ₹95,990 per 10 gms. Check […]
When benchmark indices—the Nifty50 and the Sensex—have started to spike after being on a long downward spiral, retail investors are thinking hard about the fund categories they should invest in. The Nifty 50 index recorded a 1,850-point rally in the last six straight sessions while the BSE Sensex touched an intraday high of 79,824, logging […]
If you hold a credit card or have a running personal loan, it is recommended that you check your credit score from time to time. Typically, one should check the credit report at least once a year to stay abreast of one’s creditworthiness. The following are the key reasons why one must check their credit […]
In 2023, when IndusInd Bank launched the Avios Visa Infinite Credit Card, the joining fee was Rs. 40,000 + Taxes, and the annual renewal fee was Rs. 10,000 + Taxes. However, recently in April 2025, the bank has reduced the joining fee to Rs. 10,000 + Taxes and the annual renewal fee to Rs. 5,000 […]
MobiKwik, which offers a wide range of payments and financial products, has announced a strategic partnership with Poonawalla Fincorp to offer instant personal loans. This collaboration aims to promote quick access to credit for millions of Indians through MobiKwik’s ZIP EMI product. The partnership enables MobiKwik app users across India to access instant personal loans […]
A credit score of 650 is treated as a ‘fair’ score in India by leading credit bureaus. Now given it is not the worst still it can limit access to prime financial products such as premium credit cards or personal loans on low interest rates. As a norm, according to top tier credit bureaus such […]
I have claimed business losses two years ago under the old tax regime. I carried them forward in my last year Income Tax Return (ITR), again under the old regime. In the current assessment year, I am planning to switch to the new regime. Can I carry forward the losses reported in the old regime […]
UCITS offer a tax-efficient, transparent, and liquid pathway to global markets—without the downsides of directly investing in US securities. Mint breaks down what UCITS are, how they work, and why they matter. “UCITS are essentially pooled investment vehicles,” explains Lovaii Navlakhi, managing director & CEO of International Money Matters, a firm offering financial consulatncy. “They […]
The travel and tourism industry has grown rapidly in the last few years. Taking note of the travel boom, some banks have partnered with airline and hotel programs to provide their credit cardholders with a reward points redemption option. Banks like HDFC Bank, Axis Bank, American Express, etc., have multiple airline and hotel transfer partners […]
After being on a downswing for nearly six months, stock markets have started to rise again. The overall benchmark indices, Nifty 50 and Sensex, spiked over the last four trading sessions (up to Thursday), with the former rising 6.5 per cent and the latter 6.4 per cent during this period. Although trade tensions over Trump’s […]
Have small cap mutual funds become any safer now? The latest stress test, it appears, doesn’t reflect that. The test for March indicates that it will take as long as 25-57 days to liquidate 50 per cent of the portfolio of high-risk small cap mutual funds. Most of these schemes have anywhere between 65 and […]
Capital gains are the profits generated by an investor after selling a capital asset. These profits are the difference between the selling price and the original purchase price of a capital asset. Capital gains play a key role in determining how an investment has performed over a period of time. Types of capital gains Short-term […]
Lack of awareness is still the biggest stumbling block in insurance adoption in India, and around 47.6 per cent of Indians remain unaware of term insurance and its benefits, a new report has shown. Term insurance has grown by 18 per cent in FY24 across the industry as compared to a CAGR of just 2 […]
The new financial year FY26 has kicked off, and taxpayers are meant to file their income tax returns under one of the two regimes. Mint deconstructs the key points to be considered before choosing the new or old income tax regimes. For the unversed, the new income tax regime offers concessional tax rates in exchange […]
As we enter the financial year 2025-2026, a lot has changed in recent times. Financial markets have been extremely volatile, interest rates are on a decline after a five-year hiatus, and US President Donald Trump’s tariffs have left the world markets jittery. Amid this turmoil, many investors who have specific long-term investment goals are in […]
Credit Cards: If you are using a credit card and toying with the idea of getting it cancelled, it is recommended to be mindful of a number of key factors. First of all, it is rational to get the card cancelled when it has a huge annual fee. Else, when you already have one or […]
A high credit score is important for the customers to negotiate better loan conditions with the lender including lower interest rate, long tenure and high amont, among other factors. There are occasions when an investor is regular in making his credit card bill payments on time, still struggles to improve the score. Additionally, there could […]
In the last few years, the popularity of UPI payments has surged. Due to its ease of use and speed of payment, it has become the go-to payment mode for many people. According to the numbers released by NPCI, in March 2025, the UPI transaction volume for merchant payments reached a humongous 11.46 billion, and […]
Having an impressive credit score is vital to be able to raise a loan at a convenient rate of interest. Someone with a high credit score can easily pull off a better deal in terms of low rates of interest and a higher loan amount. On the other hand, someone with a poor credit score […]
Even though the category is the second largest among the alternate investment fund (AIF) categories, with ₹1.29 trillion worth of investor funds raised so far, the tax rules are not clear. “Unlike other investment products, which clearly fall under a specified tax regime, the category III AIF does not have a well-defined tax framework yet. […]
I have a HUF of which I am the Karta. Say, I create capital through gift in my new HUF from non-members and then invest the amount in bank fixed deposits. After 2-3 years , I need money so I withdraw money from those FDs. Is withdrawal of cash from HUF bank account considered partition […]
Did this ever happen that you bought an expensive product through your SBI Card and want to pay back in small monthly instalments? If that is the case, you can do that on the SBI Card’s website. Here we share a step-by-step guide for the same. Convert large purchases into EMIs I. Choose flexi pay: […]
A Fund of Funds (FoF) allows investors to make a single investment while giving them access to a diversified portfolio across multiple securities. It invests in multiple mutual funds, allowing investors to diversify their portfolios and distribute risks. What is a Fund of Funds? The Association of Mutual Funds in India (AMFI) defines FoF as […]
Google Pay has completely transformed the digital payment landscape in India. Typically, Google Pay is linked only to debit cards, but if you have a Rupay card, you can make UPI payment through credit card as well. With the advancement in technology resulting in this seamless integration, credit card users can now link their credit […]
These 5 credit cards give free access to domestic and international airport lounges. Check list here
Travelling by air is not a luxury anymore for most urban dwellers. And when you take a flight to any domestic or international destination, it is usual to wait for an hour or longer at the airport. And for that, airport lounge comes handy. It is vital to note that each credit card has certain […]
To address the issue, the Securities and Exchange Board of India (Sebi) issued an advertisement code in 2023 that barred regulated players from exhibiting their performance. While the move curbed misleading promotions, it impacted those who had built a credible track record for many years. Sebi, on 4 April, issued a circular formalising the plan […]
Aiming for an 800 plus credit score is a good financial goal as it can elevate your profile to the level of ‘extra ordinary’ people. With this score, you can access best interest rates on loans, premium credit card offers, and very convenient terms on loans. Here, we give a snapshot of tips that you […]
Credit card usage has undoubtedly risen considerably in the past few years, primarily steered by increased consumer spending and the growing popularity of digital payments. However, non-performing assets (NPAs) in the credit card segment also spiked by 28.42 per cent to ₹6,742 crore during the 12-month period ended December 2024, the latest Reserve Bank of […]
Credit score plays an important role in securing a credit card or raising a personal loan on convenient terms. And when someone’s credit score is absymally low i.e., below 600, s/he finds it hard to get a loan at a low rate of interest. What will you do when your credit score is lower than […]
Stock markets have been swinging wildly in the past few days since US President Donald Trump kicked off a tariff war on April 2 after his ‘Liberation Day’ speech. On Monday, the stock market benchmark indices, the Sensex and the Nifty 50, dropped by 3 per cent with all stocks – barring HUL and Zomato […]
Stock markets around the world have been experiencing extreme wild swings in the last few days after US President Donald Trump announced sweeping tariffs on goods imported from the rest of the world. India’s benchmark indices, the Sensex and the Nifty 50, ended 3 per cent lower on Monday. Barring HUL and Zomato, all stocks […]
I returned to India for retirement after Covid and now qualify as a resident for FY25. Most of my investments are in long-term US stocks. In the past calendar year, I realized capital gains of about $4,000 (approximately ₹3.5 lakh) from selling US stocks and earned dividend income of $3,000 (approximately ₹2.6 lakh). The US […]
Credit card providers often provide special privileges to the first time users to woo them. One of the common privileges which credit cards offer is the welcome gift offered by them. Those who are not aware welcome gifts (also known as joining benefit) are a popular perk offered by the credit card providers in India […]
Following concerns that this could increase the tax liability for real estate investors, the government introduced a grandfathering clause to allow indexation on properties bought before 23 July 2024—the day the budget was presented. Under the clause, if the new 12.5% tax rate results in a higher liability than the previous 20% rate with indexation, […]
On paper, this sounds like a smooth strategy. But as with most things involving tax, the devil lies in the details. Let’s break down what this GST input tax credit (ITC) really means — and why blindly following such advice could cost you more in the long run, not just in money but also peace […]
The latest data on income tax website shows that a total of 3.24 lakh individuals filed their income tax return for over ₹1 crore before March 31, 2025. Out of these, a total of 2.97 lakh individuals filed their tax return for income between ₹one to five crore. Taxpayers who filed their income tax returns […]
Have you heard of the phenomenon of clearing off a personal loan by raising a fresh one? Or did you ever think of someone contemplating raising a new loan to clear off his myriad old debts? This is neither unusual not irrational. Let us explain why. Suppose Mr Z has five different loan obligations from […]
Market in freefall: Stock markets in India and abroad have declined considerably in the past few days due to US President Donald Trump’s announcement of imposing reciprocal tariffs on its trading partners. The US administration has announced a 27 per cent tariff on imports from India. On Friday, the Sensex closed 1.22 per cent lower, […]
To lay the groundwork for future financial goals, students need to build a robust credit score. This helps them maintain a clean credit profile and boosts their repayment capacity. A clean credit profile and strong credit score, anything above 750, helps immensely when applying for loans and new credit cards, renting apartments or even securing […]
PPF news: Public Provident Fund investors are in for a good news this new financial year! From now on, you do not have to pay any fees if you want to update or modify your nominee details in your PPF account. The new PPF rule comes as part of some changes made in the Government […]
Maintaining a clean credit profile and a good credit score is essential for securing personal loans, credit cards and other similar credit instruments. Due to the recent Reserve Bank of India regulations, Indian credit card users can now cross-check their credit scores for free through the official websites of authorised credit bureaus. Credit Score: Basic […]
The Indian government will have to pay the Sovereign Gold Bond investors a whooping ₹12,06,92,00,00,000 ( ₹12 trillion) if it were to redeem all outstanding gold bonds, given the gold rate of ₹9,284 per gram as of April 1. And this amount does not include the interest payout on the gold bonds. The government, in […]
In India, credit rating bureaus generally provide credit scores ranging from 300 to 900. A credit score of 720 is typically considered a strong indicator of an individual’s financial health. It reflects responsible financial management and credit behaviour while also opening doors to various financial opportunities, such as easier loan approvals, fair repayment terms, and […]
Some brokers now allow investors to gift securities to family and friends online, directly from their demat account. You can use this to easily gift shares, bonds, exchange traded funds and even mutual funds held in your demat account. The facility, which relies on CDSL’s Easiest (Electronic Access To Securities Information and Execution of Secured […]
My maternal grandmother has three daughters, including my mother. My mother has chosen to renounce her share of my grandmother’s property, which includes a significant business and several real estate assets. As a result, my grandmother is dividing the assets between her remaining two children. However, I do not support my mother’s decision. If she […]
This was the dilemma Mr. A’s family faced. In his twenties, he bought a term life insurance policy and named his mother as the nominee. Years later, after marriage and fatherhood, he never updated the nomination. When he passed away unexpectedly, the question arose: Would the payout go to his mother, as named in the […]
Good news for PF investors, Govt likely to increase EPFO claim limit from ₹1 lakh to ₹5 lakh: Report
The Central government’s Employees Provident Fund Organisation (EPFO) has decided to likely increase the auto settlement of the advanced claim (ASAC) limit to ₹5 lakh, compared to its current levels of ₹1 lakh, reported the news agency ANI, citing people aware of the development on Monday, March 31. Sumita Dawra, Secretary of the Ministry of […]
Do you have demat accounts with multiple brokers? Not only are you paying higher annual maintenance charges (AMCs), but these charges add up for every such account. But there is a way to lower this payout: open a basic services demat account (BDSA). The annual maintenance charges of BDSA, introduced by market regulator Securities and […]
Money rule changes from April 1 2025: March 2025 is coming to an end, ushering the beginning of a new financial year from April 1. The financial year 2025-26 will start from April 1, affecting citizens and taxpayers across India. New income tax rule changes, credit card rule change, UPI rule change and a host […]
DA Hike: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday, March 28, approved the release of an additional instalment of dearness allowance (DA) to central government employees and dearness relief (DR) to pensioners with effect from January 1, 2025. The move will likely benefit 1.15 crore central government employees and pensioners. “The […]
In the last few weeks, some states have tweaked professional tax rules during budget presentations. The Assam government has announced the exemption of professional tax for those earning up to ₹15,000 for all the working people in the state. In contrast, the Karnataka government proposed amendments to professional tax rules, increasing it to ₹200 from […]
ATM charges from May 1: The Reserve Bank of India (RBI) on Friday, March 28, permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by ₹2 to ₹23 per transaction from May 1, 2025. Customers are eligible for five free monthly transactions (including financial and non-financial) from their state-run or […]
Small savings scheme: The Indian government has kept the interest rates on small savings schemes like PPF and NSC unchanged for the April to June quarter of the financial year 2025-26, according to the Department of Economic Affairs (DEA) notification on Friday, March 28. “The rates of interest on various Small Savings Schemes for the […]
Petrol pumps in India are becoming hotspots for credit card fraud, with incidents of card skimming and fraudulent transactions on the rise. To keep your financial information secure, users should exercise caution when using credit cards at petrol pumps and gas stations. Card skimming is a method used to steal personal data from ATM, debit, […]
I-T rules for safe harbour laws: The Central Board of Direct Taxes (CBDT) notified certain amendments in Income-Tax Rules (I-T), 1962, on Tuesday, March 25, to expand the scope of safe harbour rules. According to India’s central tax regulating body, I-T laws have been tweaked to provide tax benefits to electric vehicle (EV) and EV […]
The prevailing interest rate for public provident fund (PPF) is currently 7.1%, but there’s a way to earn even more. Deposits made before April 5 can earn you a higher interest rate. Therefore, investors planning to contribute to PPF for the financial year 2024-25 should aim to make deposits before April 5 to maximise returns. […]
First, let us understand the tax rules for selling short term and long term investments. Short-term capital gains (STCG) on assets held for less than a year are taxed at 20% and long-term capital gains (LTCG) on assets held for over a year are taxed at 12.5% beyond ₹1.25 lakh. By selling loss-making investments before […]
Several surveys over the years have consistently shown that a significant portion of Indians don’t have an emergency fund. This lack of financial knowledge and contingency funds has resulted in most remaining vulnerable to financial difficulties such as medical emergencies, sudden layoffs and unexpected expenses. One such survey, conducted recently by Finology Ventures, found that […]
I have an apartment that I want to sell. If I sell it before 31 March this year, will I have to pay the entire capital gains tax as advance tax by 31 March? My reservation is that the seller will pay me in 2 instalments so I will not have enough money to pay […]
The next step is the online registration process–uploading the documents and submitting the application and Aadhaar authentication through OTP. However, the process may not be as simple as it sounds. GST (goods and services tax) officers often ask for additional allied registrations, such as shops and establishment licences, MSME Udyam certificates and no-objection certificates (NOC), […]
When remaking the classics, Disney has had to step gingerly around everything: Cannot say ‘white’ because, racism; cannot say ‘dwarf’ because we acknowledge the dignity of people of short stature, and not to forget the outrage over the prince kissing a sleeping princess ‘without her consent’. That said, the joy of revisiting a childhood favourite […]
Converting your Kotak credit card transactions into EMIs can provide much-needed financial relief, especially when you are faced with large expenses. This facility allows customers to manage their repayments more conveniently, spreading the cost over a manageable period. Kotak Mahindra Bank’s EMI conversion options for credit card transactions Kotak Mahindra Bank has two easy credit […]
MUMBAI : Traditional insurance policies have a fixed maturity period. Until these policies mature, policyholders cannot withdraw funds. However, if you are facing a temporary cash crunch and don’t want to surrender your policy, a loan against it can be an option. Here is a look at how it works and why policyholders must be […]
Pre-closing a personal loan from any bank is a good financial decision, but one must be cautious while doing so by keeping certain important points in mind. Firstly, a personal loan is a very risky line of credit that borrowers avail. This is risky because it comes with the potential of higher repayment terms, interest […]
While the Public Provident Fund (PPF) has lost some of its sheen over the years as interest rates have slipped gradually — 7.1% at present — several investors still prefer it given the tax benefits it offers, the safety of government backing and stability as a debt investment. Although the PPF has a 15-year maturity, […]
ICICI Bank offers divergent personal loans for fulfilling different finance needs of the customers. Now, if you may have taken a personal loan from ICICI Bank then you should check your outstanding amount consistently so that you are in a position to handle your finances in a planned manner. This article is dedicated to help […]
Although first three-quarters’ growth was not too promising with 6.2 percent in Dec quarter – it was somewhat expected since it was an election year, explains Dr Rumki Majumdar (PhD), economist at Deloitte. She speaks about the current volatility in the financial market and deconstructs to explain what it reflects on the fundamentals of economy. […]
Over the past six months, my investments in mutual funds and equities have been affected by macroeconomic instability, resulting in losses. Given the current market conditions, how do I navigate this situation? I have invested in debt instruments like fixed deposits, NSC, and government bonds. I am now looking for an instrument that provides regular […]
In today’s dynamic financial landscape, Indian investors face increasing challenges with domestic market volatility and currency fluctuations. Recognising the need for diversification and global exposure, we are proud to presentMint Horizons, an exclusive masterclass series designed to empower investors with the knowledge and tools to navigate international markets effectively. Featuring some of the top investment […]
In India, some domestic and international hotel chains offer loyalty programs to their customers. The programs provide members (customers) who regularly stay at these hotels various benefits like discounts on room rates, complimentary breakfast, loyalty points, free nights, room upgrades, etc. One such loyalty program is the Club ITC, offered by ITC Hotels. In this […]
The latest data released by the income tax department shows that over 9.11 crore registered users have filed their income tax returns (ITR) for FY 2024-25 until Feb 28, 2025. This figure is quite significant given that the total number of registered users stand at 13.96 crore, which means over 65 percent of registered users […]
The recent stock market slump in the US has raised concerns about President Donald Trump’s economic policies such as tariffs, immigration crackdowns and federal budget cuts. Will these policies eventually benefit the market and investors? This seems unlikely, said Jim Rogers, a renowned global investor, author and commodities guru. Rogers has already sold US stocks […]
(Bloomberg Opinion) — Gen Z has been in the workforce just long enough to want out. Well, at least temporarily. The concept of a micro-retirement has started to trend (again) on social media, which makes it seem as if an entire generation of twenty-somethings wants to take an adult gap year. Is this a rebranding […]
One of the key investing mantras to ensure wealth creation is to stay invested in stocks and mutual funds over a long period of time. Wealth advisors often point out that compounding gives disproportionately higher returns on an investment. This means when you remain invested in an asset class over a long tenure, the return […]
If you plan to opt for the old tax regime at the time of filing of income tax return (ITR) in July this year, you are entitled to claim income tax deduction. There are a number of tax-saving options which enable you to claim deduction such as those offered under section 80C of Income Tax […]
Best mutual funds: Prior to investing in a mutual fund scheme, investors tend to compare the returns given by that scheme vis-a-vis other schemes in the same category. Notably, rational investors – besides past returns – weigh other factors as well which include the past performance of fund manager, reputation of fund house and overall […]
The city of Melbourne glues the stories together. A story about a father and son, a woman trying to make a place for herself in a strange land, a dancer who needs to discover freedom by freeing her own limitations, a young man trying to make himself heard in the deep gulf of silence between […]
Holi 2025: The festival of colours offer a slew of money lessons for investors. We can imbibe a range of these lessons in our investing journey including diversification and significance of research that investors are supposed to carry out. Here we list out 5 key money lessons which investors can learn from the festival of […]
Do you regularly invest in stocks and have booked capital gains by selling some shares recently? In case you are not aware, these gains can be set off against the losses you may have incurred via another stock. This process of adjusting the loss against the gain is known as ‘tax loss harvesting’. Let us […]
Credit card distribution growth and spending in India continues to rise, reaching ₹1.84 lakh crore in January 2025, according to data provided by Asit C. Mehta Investment Intermediates. Hence, in this kind of an environment managing credit card expenses effectively is crucial to avoid financial strain later on. For the same proper education, knowledge sharing […]
Investment word of the day: To make informed investment choices, it is essential to analyse potential profits and losses. By considering risks, investors can determine whether an investment aligns with their financial goals. And to analyse risks, a Sharpe Ratio is a key metric. What is Sharpe Ratio? The Sharpe Ratio is a tool to […]
In India, the know-how of your credit card limit is critical for maintaining a healthy credit score. Although individuals pay attention to the date of payments and outstanding debt, the credit limit takes centre stage when it comes to determining your financial wellbeing. This write-up is dedicated to how your credit card limit matters and […]
Credit cards are a great way to make smart transactions to save on money while not compromising on your lifestyle. If you are someone who has just started your career and are looking for an entry level credit card which not only suits your budget but also helps you become financially independent, here is a […]
If your total tax liability from income streams like interest, rent, capital gains and so on is more than ₹10,000 (after adjusting for tax deducted and credited at source – TDS and TCS) instead of paying the total tax due when filing your income tax return (ITR), you have to pay it in four instalments […]
I have a small patch of land in a village. I’ve given power of attorney of the land to a childhood friend residing in that village as I’m rarely there. I wanted to know if he can sell off the land in my absence. What are some measures that can be implemented or legal aspects that […]
Discretionary portfolio managers have grown by ₹4.26 lakh crore since then. And even mutual fund investors have discovered the power of risk-adjusted returns through categories such as balanced advantage funds ( ₹2.9 lakh crore of assets under management) and multi-asset funds ( ₹4.33 lakh crore of AUM). The Securities and Exchange Board of India recently […]
Here is a look at how equity and debt categories of NPS schemes have performed over time versus the respective benchmark indices. Past performance A three-year rolling return analysis of NPS equity schemes — with at least a 10-year track record – showed average returns of 13.5%. Net asset value (NAV) history from 28 February […]
With financial year 2024-25 soon coming to an end, only three weeks are remaining before the taxpayers can invest in the tax-saving instruments such as PPF, NSC, KVP, SSY and SCSS. Taxpayers who wish to claim income tax deduction must invest in these instruments before March 31. Where can taxpayers invest to claim income tax […]
Women’s Day 2025: International Women’s Day is here again on March 8! On this occasion, while we celebrate women around the globe, the systemic cycles in every economy have certain hidden pressures that need to come to the fore. Ever wondered why you might be paying more tax compared to men just because of your […]
Income Tax (I-T) department has released the latest list of banks which are mapped to e-Pay tax service at e-Filing Portal as you file your income tax return. The two banks which were lately added to the list are Tamilnad Mercantile Bank (included on March 5, 2025) and IDFC First Bank (added on Nov 27, […]
Several different forms of debt such as credit cards demand personal loans and medical expenses become complicated to handle at once. You can simplify debt repayment through debt consolidation loans which also help you decrease both interest costs and payment complexity. Understanding this choice requires specific information for potential applicants. What is debt consolidation? Debt […]
Netflix released this beautiful period drama about a revolution most of us did not learn in high school: the great unification which is said to have started in Turin (called ‘The Cradle of Italian liberty’ for having been the political and intellectual centre of the Risorgimento that led to that unification of Italy). Even if […]
UTI Nifty Index Fund, India’s oldest Nifty 50 index fund, turned 25 this March. Since its launch in 2000, it has delivered a return of 11.51%, which means a sum of ₹10 lakh invested at its launch would have grown to approximately ₹1.5 crore today. While this return is commendable, active large-cap funds have outperformed […]
Raamdeo Agarwal, co-founder of Motilal Oswal Financial Services (MOFSL), is famous for his risk free and balanced investment strategy of wealth creation. He has a real time net worth of $1.6 billion according to Forbes. With more than four decades of experience in the business and investing, investors can learn a lot from Agarwal’s experience. […]
I am planning to buy a home and will be taking a loan to finance my purchase. While exploring my options, I came across loan protection insurance. I want to understand whether it is necessary and how it can benefit me. – Name withheld on request Buying a home or car is a dream come […]
In a major step towards improving the timeliness and accuracy of credit reporting, the Reserve Bank of India (RBI) has introduced a new policy mandating banks to report credit bureau accounts on a 15-day cycle from January 1, 2025. This shift from the earlier monthly cycle is expected to give lenders and borrowers a clearer […]
Total credit card expenditure in January 2025 declined to ₹1.8 trillion, reflecting a 2 per cent month-on-month decline and a 14 per cent year-on-year jump. Notably, the month-on-month decline in credit card expenditure can be attributable to a base effect since December saw elevated spending on account of year-end and new-year-related expenditures. Transaction volumes similarly […]
The Indian stock market has witnessed a significant decline over the past five months. The Nifty 50 has dropped by approximately 15.8%, while the BSE Sensex has corrected by around 14.9%. In the last month alone, the Nifty 50 has lost about 7.24% of its value. This decline can primarily be attributed to a combination […]
Investment word of the day: Investing in the stock market may be intimidating, especially for beginners. Many struggle with understanding essential stock market terms, making the process complex. Here’s a simple guide to one such term: active funds. Let’s see what active funds are, how they work, and why they matter. What are active funds? […]
NEW DELHI : A couple, in their 60s, bought a family floater health insurance policy from a private insurer in 2018. They never had to use it. Still, their premium surged 20% to ₹49,874 in February 2024. It was ₹41,813 in February 2023. They were shocked to see the further rise in their premium in […]
My wife’s PPF will mature in April. She wants to transfer ₹23 lakh to my senior citizen savings account and balance ₹7 lakh to our daughter. What will be the tax position implications for all of us? As from April, interest will be earned in my name. I should and will be liable to pay […]
Prior to investing in a fixed deposit, investors often compare interest offered by different banks. One might argue that most banks — more or less – offer similar, if not same, interest on their term deposits. However, one must understand that a difference of 50 basis points over a long period of time can increase […]
Over the past four decades, private employers have dumped pensions and replaced them with 401(k) savings plans. The result is that millions of Americans are their own pension plan managers, and they get jittery when stocks and bonds tumble. Markets aren’t the only wild card. Seniors know there is a good chance they will need […]
National Payments Corporation of India (NPCI) via its latest circular has introduced new limits for UPI LITE in line with the RBI’s announcement last year. As per the RBI’s notification on Dec 4, 2024, UPI LITE limits were raised to ₹1,000 per transaction and ₹5,000 became the total limit. Replenishment of used limit will be […]
Investment word of the day: The volatility and risk in the equities market are known to all, which often prevents people from investing in stocks. However, there is a way to invest in the equities market without the stress of selecting individual stocks and depending on market gains or losses. This simpler way of investing […]
What sets them apart, and how do they stack up against existing investment options? Here’s a deep dive into everything you need to know. What are SIFs? SIFs are specialized investment funds. They are high-risk, high-return versions of traditional mutual funds. An SIF will have a minimum ticket size of ₹10 lakh across all SIFs. […]
Investment word of the day: While investing in various funds and financial instruments, a need may often arise to track your investment in order to determine how your money is performing over a period of time. Rolling returns is one such measure that helps to estimate the performance of an investment at a certain period […]
A young musician hitchhikes his way from Minnesota to meet Woody Guthrie who was in a hospital. He meets Pete Seeger, another folk legend who is visiting Guthrie at the hospital. The young man sings ‘A Song to Woody’ and both Pete Seeger and Woody Guthrie recognise that the lad can carry a tune. The […]
Investment word of the day: Whenever you make an investment, you will be curious to know how your money is performing over time. There are several measures to check the performance of your investment. One such measure is absolute return. What is absolute return? Absolute return or total return is a measure used to estimate […]
Fund managers of small-cap mutual funds have invested large amount in micro capital stocks over the past one year, while they explored and capitalised on their potential, reported Business Line. ACEMF data show a considerable jump in micro-cap stock allocations within small-cap fund portfolios, rising to 31 per cent in January 2025 from 25 per […]
As the Indian rupee continues to fall against the US dollar, students from India who plan to travel abroad for higher studies stare at a tough road ahead. Recently, the rupee breached 87 against the dollar, thus making it more challenging for foreign-bound Indian students to study abroad. Notably, US President Donald Trump’s anti-immigration policies […]
The increasing use of credit cards are a part and parcel of life now-a-days with the advantage of rewards, cashbacks etc., for everyday purchases. Credit cards, however, have a hidden psychological trick attached, which eventually, leads you to over-spend. You can manage your finances better if you understand the psychology of spending with a credit […]
Anyone investing in various instruments, including a Systematic Investment Plan (SIP) or regular deposits in mutual funds, will need to consistently track returns to assess the performance of their investments and make informed decisions. Tracking investments may seem straightforward initially; however, when multiple investments are involved, looking at returns may become complicated. Hence, the Extended […]
Credit card frauds are on the rise in India, and most of them are happening through internet transactions. Rapid digitalization of payment services is also a crucial factor facilitating: credit card scams, loss of funds and identity thefts through numerous fraudulent transactions. There are some legal rights of the Indian citizens to protect them from […]