Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.
These commodities must be purchased in units, where a single unit may be equal to a gram (gold), 100 grams (silver) or a kilogram for the other three commodities. For trading, you must open a separate demat account with a broker registered with NSE.
Will the EPFO be required to deduct tax at source or will the employee have to calculate the tax and pay it separately?
In the last few months, the 10-year G-Sec has been gyrating sharply and has crossed the 9-per cent-yield mark four times.
Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act. Also among them are issuance of long-term bonds, tax incentives for home insurance premiums, and a separate section to claim deduction for term-insurance premium, among others. These suggestions would help improve the penetration of insurance in the country.
Mid-cap and small-cap mutual fund schemes have continued to attract strong investor interest, garnering nearly Rs 30,350 crore in inflows during the April-September period of the current financial year, driven by impressive returns delivered by these segments. In comparison, the cumulative inflow into mid-cap and small-cap funds stood at Rs 32,924 crore during the same period last year, according to data from the Association of Mutual Funds in India (Amfi).
Returns of liquid funds are meant only for the short term and don't help investors create wealth over the long term, as equity funds do.
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
Zakir Hussain was the maestro of tabla, percussionist, composer and even actor -- a legend who was India's very own and yet belonged to the world. Hussain died from 'idiopathic pulmonary fibrosis', a lung disease, in a San Francisco hospital early Monday. He was 73.
Returns in Systematic Transfer Plan are consistent as money invested in debt mutual fund schemes earns interest till the time the whole amount is fully transferred to equity fund, says Vishwajeet Parashar, Sr VP and Group Head -- Marketing, Bajaj Capital
'Indian investors have always been debt-heavy but with growing financial awareness they are getting comfortable with equities.'
Follow these simple steps if you want to create a solid retirement corpus and retire young, says Anamika Pareek.
A list of lesser-travelled destinations in India that you must explore this year!
For building long-term wealth, financial planners always advise that the systematic investment plans (SIPs) in equity funds is the best way.
'JD-U wants to emerge as the single largest party in Bihar after the next assembly polls by contesting more seats than the BJP.'
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
'Investors with foreign currency-denominated goals, such as foreign education or foreign travel, should go for US equity funds.'
Even if you get a bit late in buying things you need, it is always better to avoid debt traps, advises Vishwajeet parashar
MNC funds invest in companies where foreign promoters have more than 50 per cent shareholding.
'Value index funds are most appropriate for long-term investors who can withstand deeper drawdowns.'
Now that the National Pension Scheme offers more choices than the Employees Provident Fund, is more transparent and also allows to choose the level of allocation to equities as investors like, should one switch to the NPS?
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker. The earnings momentum looks set to continue. Good fund performances have thus led to AMC earnings upgrades although valuations are high. Recent market performance and net flow trends have led to earnings upgrades by between 3-8 per cent for FY25-27.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
'This is the first time we will see how SIP investors react to market correction.'
Mutual funds' equity buying remained elevated for the fifth consecutive month in December, taking the net equity purchase past Rs 1.7 trillion in 2023. The aggressive buying in December indicates that flows into equity funds are likely to have remained unaffected by the sharp run-up in the market last month. Mutual funds (MFs) bought equities worth Rs 23,000 crore last month (until December 28) compared to Rs 18,000 crore in November, shows data from the Securities and Exchange Board of India (Sebi).
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
SIPs can give better returns in a volatile market because they gather more units over time, says Arnav Pandya.
While few would dispute the utility that an SIP can offer, there is a flipside to the same as well. In this article, we discuss the pros and cons of SIP investing.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
SIPs need to be promoted by the investment agent/distributor community after explaining all the merits and demerits to the investor so as to enable him to take an informed decision.
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
If you remember the childhood story of the tortoise and hare, then the systematic investment plan (SIP) is the equivalent of the tortoise in the race to create wealth. SIPs make sure that you continue moving slowly but surely to win the race in money matters.
A buoyant equity market, coupled with an improved performance of mutual funds (MFs) on the returns chart, has heightened retail investors' appetite for equities. In the past few months, equity MF schemes have seen a surge in fresh investments through both lump sum (one-time investments) and systematic investment plan (SIP) routes. During the August-September 2023 period, equity MF schemes recorded net lump sum investments of Rs 35,270 crore, compared to just Rs 5,550 crore in the previous three months, according to data from the Association of Mutual Funds in India (Amfi).
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Due to tax associations with the fiscal-ending, April is a month of SIP renewal. So, the April numbers will be important and may perhaps, mark a change in retail attitude.
Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
