If you are overweight on fixed-income instruments, go for ELSS, and vice versa.
Hybrid mutual fund (MF) offers, expected to drive higher investor interest after the change in debt fund taxation, are set to end 2023 with the slowest account growth in the past three years. Investment accounts in hybrid funds are up 5.7 per cent so far in 2023 compared with 7.6 per cent in 2022 and 20 per cent in 2021, shows the data from the Association of Mutual Funds in India (Amfi). In 2020, the count had dipped 2.4 per cent.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
One can't run away from death so this is the time that YOU must create your own death file. P V Subramanyam explains what you must know about this most essential financial tool.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
After Bandhan MF's US Treasury Bond 0-1 year Fund of Fund (FoF), Aditya Birla Sun Life (ABSL) MF has come out with US Treasury 1-3 Year Bond ETFs FoF and 3-10 Year Bond ETFs FoF. US bonds, which generally offer low yields, have turned attractive post the 525-basis point hike in US interest rates. According to Bloomberg data, the 1-year and 2-year US treasury yields now stand at 5.4 per cent and 5.1 per cent, respectively. Although the yields remain lower than what Indian government bonds offer, the differential has come down steeply.
It's tax returns season. Ask our tax experts Mihir Tanna, Hardik Parikh, Tejas Chokshi and Sanjeev Govila.
A mass fan following or a large number of views on a YouTube channel can't possibly constitute 'credentials'.
Begin the year-end review by assessing whether your portfolios are on track to achieve your life goals.
Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
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.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
Understand the pros and cons of SGBs before rushing to invest in them based on past returns.
These plans are best suited for individuals with a lower risk appetite as they provide guaranteed benefits.
'Use this money to build an emergency fund if you do not have one.'
One common mistake investors commit during profit booking is not having a plan for the redeployment of the money that comes into their account.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
I stumbled upon shares worth around Rs 300,000 in my late father's name, which are currently with the Investor Education & Protection Fund, points out Harsh Roongta.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Investors looking for a fixed-income product that is free of credit risk may invest in these bonds.
When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum.
A growth scheme not only leads to lower tax payments than the dividend option. but also allows any income that is not withdrawn to compound, explains Harsh Roongta.
Seek advice from Sebi-registered investment advisors whose names are available on Sebi's Web site.
The fear of rejection keeps many of us from experiencing the rich lives we deserve, notes Harsh Roongta.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
While the RBI's guidelines aim to streamline the loan closure process, borrowers must remain proactive.
Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
A disciplined, systematic investment habit started at a young age is normally sufficient to meet modest goals without having to sacrifice a normal comfortable lifestyle, suggests Harsh Roongta.
'The stockbroker should have a good balance sheet to support its scale of operations. It should also have proper risk management in terms of margins so that it doesn't go bankrupt during extreme market movements.' 'The broker must have a track record of navigating several market cycles in an ethical and transparent manner.'
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
RediffGURU Mihir Tanna broadly lists the ITRs to be filled by individuals having income from salary, house property, capital gain, business and other sources.
The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.
rediffGURU and financial planning expert Colonel Sanjeev Govila will answer your personal finance-related questions.
With regulatory uncertainties clouding the future of online pharmacies, deals in the space are showing signs of slowdown, as also fresh investment from private-equity (PE) firms and venture capitalists (VCs). The data from Venture Intelligence shows so far in 2023 (as of June 13) there has been one deal with PE-VC funding. In 2022 there were four, a sharp fall from the 12, totalling $1,520 million, the sector had attracted in 2021.
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