Investors can sell a part of the stocks, mutual funds, exchange-traded funds, and other securities held in their portfolios at a loss and use this loss to offset tax on the capital gains made on the sale of other securities.
A taxpayer paying rent to his/her spouse is entitled to claim HRA benefit under relevant sections and within prescribed limits.
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
Longer-tenure FDs generally give higher returns. Nonetheless, going for a tenure higher than two to three years is not advisable.
'If taxpayers have not filed a belated ITR, they will be allowed to file an updated ITR from April 1, 2024.'
Children born under the Special Marriage Act have equal rights over both parents' properties, regardless of their parents' religion or background.
One common mistake investors commit during profit booking is not having a plan for the redeployment of the money that comes into their account.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
'Exit the car and call for your vehicle to be towed.'
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
Find out whether the fund is equity, debt, or hybrid oriented. 'Understand the portfolio composition and whether it suits your risk appetite and horizon.'
Begin the year-end review by assessing whether your portfolios are on track to achieve your life goals.
Patience can be rewarding. 'Post-listing, sanity often returns to valuations of newly-listed businesses within six to nine months. Buy then.'
Policy owners need to avoid errors on their part to prevent claims from being denied.
Understand the pros and cons of SGBs before rushing to invest in them based on past returns.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
Avoid relying on a bank RM for investment advice. Instead, approach a Sebi-registered investment advisor whose livelihood depends on the fee paid by his customers and not on product commissions.
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