personal finance
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February 09, 2023 07:23 AM ISTShould you prepay your home loan now, after six policy rate hikes?
The RBI increased the benchmark lending rate by 25 basis points; home loan rates are expected to go up further.
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February 08, 2023 05:47 PM IST Why are you investing in National Pension Scheme? PFRDA wants to know
The Pension Fund Regulatory and Development Authority of India is looking to analyse the demographics and investment preferences of existing NPS subscribers.
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February 08, 2023 05:03 PM IST Increase home loan EMIs or tenure: What should borrowers do?
Existing home loan borrowers have two options to cope with rising interest rates. Increasing the tenure doesn’t burden your monthly outgo, but banks might not allow it if the repayment period goes past your retirement age
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February 08, 2023 04:50 PM IST RBI raises repo rate as expected, but does not hint at end to hikes
The possible reason the RBI’s Monetary Policy Committee has kept the door open for future rate hikes is that while inflation has eased, it is still higher than the RBI’s target. Meanwhile, post the latest hike, the portfolio yields of debt mutual funds will move up marginally.
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February 08, 2023 02:44 PM IST What should debt fund investors do as RBI hikes repo rate?
RBI has raised repo rate by 25 basis points on February 8. This pushed up the short term rates. Here is how investors should realign their debt fund investments.
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February 08, 2023 11:37 AM IST Muthoot Finance’s Rs 500-crore NCD issue opens; Should you invest?
Muthoot Finance’s NCD issue offers interest rates from 8.25 percent to 8.60 percent, over monthly and annual interest payment options. The firm gives gold loans as well as home and vehicle loans.
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February 08, 2023 07:19 AM IST Budget 2023: Home loan interest deduction cannot be part of acquisition cost while calculating capital gains
Deduction claimed against home loan interest cannot be part of acquisition cost while calculating capital gains.
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February 08, 2023 06:42 AM IST Which target maturity fund will help you ride out RBI’s final rate hike(s)…and beyond?
RBI’s first monetary policy of 2023 may well see its final, or one of its last, interest rate hikes for now. And target maturity funds are an ideal investment for your debt allocation.
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February 07, 2023 10:59 AM IST What's OPD? What about 30-day waiting period? Health insurance nuances still vague to most policyholders
A survey by ICICI Lombard showed that about 48 percent of policyholders were unaware of the features of their own health insurance policies, like out-patient cover, pre-post hospitalisation and so on.
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February 07, 2023 09:17 AM IST Retirement oriented mutual funds love these 15 small cap multibaggers
Retirement plans offered by mutual funds usually buy and hold stocks for long term since they seldom face redemption pressure. Despite their conservative nature, many of these schemes prefer these smallcap stocks
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February 07, 2023 08:38 AM IST Govt and AAA-rated bonds, target maturity and short-term funds will shine in 2023
Government bond yields rises significantly over the past 12 months and may peak out soon. But India’s real yields outperform most emerging markets. This creates a short-term opportunity and prospect of making healthy medium-term returns
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February 06, 2023 03:33 PM IST Opinion: 5 reasons why Budget 2023 will push India’s growth story, despite global gloom
With an increased focus on capital creation, housing recovery, green initiatives, consumption boost and fiscal prudence, Budget 2023 puts the nation on a sustainable path of economic growth and development.
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February 06, 2023 11:30 AM IST Seniors may earn risk-free income on investing up to Rs 1.1 crore. Here's how
While existing schemes like the Senior Citizen Savings Scheme and the Post Office Monthly Income Scheme received a facelift, the Mahila Samman Savings Certificate is a new entrant. There is also the Pradhan Mantri Vaya Vandana Yojana. All these offer assured returns.
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February 06, 2023 10:27 AM IST Beware! Insurance agents pushing high-premium policies before March 31 to escape tax
Budget 2023 made insurance policies taxable at maturity if annual premiums exceed Rs 5 lakh. Since this will be effective April 1, some agents are hard-selling them.
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February 06, 2023 07:19 AM IST Make tax-saving a part of your overall investment plan
Random investments in tax-saving instruments is an annual ritual for many. But it needs to be aligned with your goals and existing investments.
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February 03, 2023 07:10 PM IST FM Nirmala Sitharaman interview: Tax rates can come down only after tax net widens
FM Nirmala Sitharaman interview: There is scope to reduce tax further to make the structure low and tax-friendly, but this can done only after the tax base widens, the minister said in an exclusive interview to Network18
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February 03, 2023 06:23 PM IST Budget 2023: All you need to know about EPF withdrawal, leave encashment
Budget announcements included amendments to provide relief to salaried taxpayers withdrawing their provident fund balance or receiving leave encashment from their employers.
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February 03, 2023 05:39 PM IST Budget insurance move is about taxing investments, says revenue secretary
Budget 2023-23 has proposed that income from traditional insurance policies where the annual premium is over Rs 5 lakh will no longer be exempt from tax.
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February 03, 2023 05:35 PM IST FM Nirmala Sitharaman Interview: Moving to old pension scheme is unwise
FM Nirmala Sitharaman Interview: Moving from the New Pension Scheme (a defined contribution system) to the Old Pension Scheme (a defined benefit system) can bring more financial burden to states and the country. This, Finance Minister Nirmala Sitharaman said, can be trouble for future generations.
- February 03, 2023 05:23 PM IST
New tax regime beneficial to everyone earning over Rs 15 lakh, CBDT head says
The government has been goading taxpayers to shift to its new tax regime which has lower tax rates but also far fewer exemptions.
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February 03, 2023 05:19 PM IST What Union Budget for 2023-24 has for individual taxpayers
There are trade-offs in switching from the current income tax regime to the new one that offers fresh rebates, but the utility depends on the salary bracket, and the system has moved from an opt-in one to opt-out.
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February 03, 2023 05:11 PM IST FM Nirmala Sitharaman interview | New tax regime the future, old tax regime to stay
The new tax regime offers lower rates, more money in the hands of taxpayers and simplicity. While older tax regime offers incentives to save, the tax rates are far higher. The tax-payer is the best judge to decide where to put her money, Finance Minster Nirmala Sitharaman told Network18 Group Editor Rahul Joshi in an exclusive post-Budget 2023 interview.
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February 03, 2023 02:14 PM IST New income-tax regime: Should you switch, when to switch, exemptions and benefits decoded
Salaried individuals can switch between the two tax regimes every year after estimating their tax liability. But businesspersons and professionals can switch to the old regime and back once.
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February 03, 2023 07:16 AM IST Mutual Funds: Why investing in last year’s winner may prove to be a dud
A fund’s past performance is an inadequate measure. You need to look at other factors to filter and shortlist the funds that you want to add to your portfolio.
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February 02, 2023 06:09 PM IST Budget 2023: Tales from the new personal tax regime
One of the changes proposed in the Budget is the Rs 10-crore cap on deduction from capital gains in real estate. The proposal to introduce a new authority, the Joint Commissioner of Income tax (Appeals), to dispose of cases involving smaller amounts is also a significant move
