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HDFC Bank’s new credit card rules effective from August 1; check key changes
admin June 28, 2024 ArticleHDFC Bank will implement revised credit card terms effective August 1st, 2024, aligning them closely with industry standards observed by other banks. The revised credit card terms include: HDFC Bank will introduce a new fee structure for credit card rent payments made through third-party apps such as CRED, Paytm, Cheq, MobiKwik, Freecharge, and others. The […]
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Rachna Khare, 55, from Bhopal, understands this deeply. She recently established a trust for her 28-year-old son, Rachit. “By the time my son turned 21, we helped him transition to an assisted living setup. Once he settled, we focused on securing his financial future and consulted professionals who advised us to create a trust,” Khare […]
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Passive investments have seen significant growth in recent times, driven by increased investor interest in the benefits they offer. According to te Association of Mutual Funds in India (AMFI), the share of passive funds in the mutual fund industry grew from 5.8% in April 2019 to 17.5% in March 2024. Passive investing involves tracking a […]
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You often hear that it is essential to diversify mutual fund investments across asset classes and categories. However, it’s equally crucial to vary investment styles within a category. You can pick a fund following growth investing style and a value style that tend to do well during different cycles of the economy. Growth style typically […]
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Realty check: How NRIs can minimise complexities in selling property in India
admin June 25, 2024 ArticleThis oversight is common among NRIs, and can turn what should be a straightforward transaction into a bureaucratic nightmare. “Not voluntarily filing ITRs is a mistake many NRIs make, especially those who own properties in India,” said Urvil Modi, founder and chief executive, Samriddhi Wealth Management, a Sebi-registered investment advisor. “The assessment officer (AO) relies […]
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Well, if you stick with me till the end today, you will perhaps feel better about yourself. And, maybe also figure out a way to get back in. (Of course), let’s start with Warren Buffett. While we know him for being one of the most successful investors of all time, it is important to know […]
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Donations, winnings from online gaming, previous bank accounts: ITR forms seek more disclosures
admin June 20, 2024 ArticleDoing it early will give you time to collect all the information and file the ITR correctly. First, you should reconcile the information in Form 26AS with TDS certificates, Form 16 and bank statements. Then, check whether the information captured in 26AS is reflecting correctly in AIS. If not, it could be because your AIS […]
Axis MF says turnaround visible, but growth style dilution is a concern
admin June 17, 2024 ArticleIt’s been a little over two years since Axis Mutual Fund (Axis MF) faced a front-running scandal. Since then, the fund house has undertaken a significant restructuring of its senior management to set its house in order and improve the performance of its schemes. It got a new chief executive officer (CEO) and chief investment […]
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How to personally audit your financial life to ensure you are on track
admin June 13, 2024 ArticleIn this article, while we will try to establish a structure to personal financial audits, we should also acknowledge that since we are emotionally attached to our finances (and we also have our own biases), it would be necessary at times and for some people to have some external intervention, like getting professional investment advisers […]
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Fund managers help grow their customers’ wealth, but have you ever wondered how much they earn themselves? In 2016, the Securities and Exchange Board of India (Sebi) mandated asset management companies (AMCs) must disclose annual remuneration of their fund managers and other executives on their websites. The aim was to improve disclosure norms for funds. […]