The RBI increased the benchmark lending rate by 25 basis points; home loan rates are expected to go up further.
The Pension Fund Regulatory and Development Authority of India is looking to analyse the demographics and investment preferences of existing NPS subscribers.
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
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.
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.
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.
Deduction claimed against home loan interest cannot be part of acquisition cost while calculating capital gains.
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.
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.
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
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
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.
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.
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.
Random investments in tax-saving instruments is an annual ritual for many. But it needs to be aligned with your goals and existing investments.
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
Budget announcements included amendments to provide relief to salaried taxpayers withdrawing their provident fund balance or receiving leave encashment from their employers.
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.
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.
The government has been goading taxpayers to shift to its new tax regime which has lower tax rates but also far fewer exemptions.
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.
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.
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.
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.
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