Disclosing LTCG from Stocks, Equity Mutual Funds.
Income Tax Returns (ITR) for individual taxpayers have to be filed by 31st Dec 2020. This means that it’s time to evaluate your finances and declare all sources of income, so your taxes can be filed correctly. While the process of filing your ITR has been one which has traditionally been riddled with complicated forms and procedures, the government has taken active measures in order to make...
Postal Recurring Deposits Vs. Mutual fund SIPs
Investment is a vast topic, there are many things to consider before investing anywhere. People still prefer going the traditional way, of investing in fixed deposits and recurring deposits. For them, it is the best and safest option to invest in. What they don’t consider is the tax rate. In fact, if you go to see the returns are much less after considering the tax. Recurring deposits are...
Know the Tax Treatment for Mutual Funds
Mutual Funds are one of the best investment avenues when it comes to creating wealth in the long term. In order to grow your wealth, your portfolio needs to beat inflation and mutual fund is an investment avenue which ensures that you beat inflation in the long term. It seems quite convenient for those who do not want to jump into the market directly. Since mutual funds are professionally...
Sukanya Samriddhi Yojana Or SIP? The Truth!
So the other day, I had a word with my friend Shaila over the phone, as she needed my help to make a financial decision and since I come from a finance background, she thought I would be the right person to ask. She wanted to know, where she should invest for her child Namrata’s further studies after graduation. She was going to start with a monthly SIP, in a mutual fund scheme, but later...
SEBI intervenes to restructure Multi Cap Funds
SEBI takes steps to protect the interest of investors, to promote the development and to regulate the securities market. Keeping this objective in mind, SEBI issued a circular revamping the asset allocation for Multicap funds. As per the new guidelines, multicap funds would have to invest atleast 75% of the total assets in equity investments. SEBI also mentioned minimum limits of sub...
4 Important Financial Ratios to check before Investing
Managing your personal finance and taking a right investment decision is very crucial to create long term wealth. Stock investing is important in order to grow your wealth to meet your goals. You can invest in stocks directly or through mutual funds. If you are not a risk averse investor, you may look at investing in the stock market directly. However, it requires careful analysis of...
Why Do You Need Critical Illness Health Insurance Plans?
The modern times have seen a whole lot of progress in science and technology. There are newer and improved treatments for critical diseases which were not available earlier. As such, life expectancy has increased. However, one cannot ignore the rising incidence of diseases too. Modern man is increasingly falling ill with major illnesses. Heart-related ailments, cancer, organ transplants,...
How To Select Your SIP Investment As Per Your Goal
Every individual has certain goals and aspirations in life. Short term goals include going for a dream vacation or buying a flashy car whereas long term goals include financial planning for the golden years of life, child’s education or even buying the dream abode. But for turning these dreams into reality we need backing of an adequate corpus. It has been proved time and again that starting...
SEBI new Mutual Fund circular.
The Securities and Exchange Board of India (SEBI) in its recent circular made some changes in the application of NAV rules. Before jumping directly to what does this actually means. Let us understand why rules on NAV applicability exists in the first place. So that our understanding on this subject is clear. We take an instance where you buy shares and then we will compare it to buying...