How To Choose The Right ELSS Scheme For Investment?
Investing and saving is undoubtedly the best way to minimize your tax liability. However, if you wish to get long-term wealth creation benefits along with saving tax, then investing is definitely the right option for you. And investing in Equity Linked Saving Scheme i.e. ELSS is one of the best ways to save tax as well as achieve your long-term wealth creation goals. As they say,...
Taxation On Digital Assets
The tremendous craze for cryptocurrency in India is growing at an unexpectedly fast pace. The increasing popularity is constantly compelling investors across the country to consider it an extremely beneficial investment option capable of giving substantial returns in an extremely short period of time. Amongst the investors from all the age groups, the young investors who wish to build a...
Rules that will knock your pockets from April 2022
The Financial Year 2022-23 is just around the corner and just like every year, this year too the budget has introduced various finance and a tax-related new set of rules related to Tax, PF, along with TDS and Insurance which will affect your pocket. This doesn’t mean that the new rules will only reduce your pocket power, there are a few amendments that will even create a little more...
Income Tax Benefits For Women
India is a progressive country, and just like our country, our Income Tax system is also progressive in nature. Progressive not just because the amount of income tax increases with the increase in income, but also because of its approach that keeps progressing with the changing outlook of the people and financial scenario of our country. As it’s the month of March when we celebrate...
Savings Account vs Fixed Deposits: Which is better?
Everyone, for at least once in their lives, would have faced a question, what should they do with this sum of money? Whether they go ahead and deposit their hard-earned money in their savings account or make a fixed deposits with their banks? Both sides of this question look equally pertinent given the fact that any decision about parking the money must be made only after answering all...
Safest Investment with high returns in India
Never depend on a single income, invest to create a second source “Warren Buffet” In a nutshell, this implies if you don’t make money while sleeping, you will have to spend your entire life working. Worried? Don’t know where to invest? Always remember the first rule of Safest investment is not to lose and the second rule is to not forget the first rule. ...
Understanding Insurance Premiums
It would be apt to say that insurance has become one of the most important necessities in the modern form of life. With rising insecurities about various accomplishments of life, insurance provides a much-needed relief in terms of assurance. It has also quickly become one of the components that employees receive now. It is also one of the most crucial financial decisions that one needs to...
Gold ETF – Features, Investment Process, Tax Efficiency
Indians have a long but not lost history with gold. Indians are well known to pass on their gold jewelry from one generation to another. It has a deep-rooted significance that allures people into buying more of it. With this thought in mind, a Mumbai based mutual fund house, Benchmark asset company launched, the first-ever gold ETF (Exchange Traded Fund) known as Gold BeES on NSE (National...
Balanced Advantage Fund Should You Invest
Balanced Advantage Fund or Dynamic Asset Allocation Fund belongs to the category of Hybrid Mutual Fund Schemes. These funds primarily invest in asset classes like Equity and Debt. Advantages Of Investing In BAF The prime advantage of investing in the Balanced Advantage Funds or Dynamic Asset Allocation Funds is that the fund manager can keep changing the allocations based on the market...