It is a good option for parents of girl children who want a debt product and do not mind its low liquidity.
With days to go before the new tax regime around crypto assets kicks in, several investors are reportedly either booking profits, rejigging their portfolios or moving their crypto assets to their private wallets outside of India. Starting April, gains from trading in crypto and other virtual assets like non-fungible tokens (NFTs) will be taxed at a flat 30 per cent, as announced in the Union Budget. And, 1 per cent of tax will be deducted at source (TDS) on every transaction involving crypto and other virtual assets. The new tax regime also bars investors from offsetting losses from one crypto asset (such as Bitcoin) against gains from another (say, Ethereum).
You can build your own retirement savings portfolio by investing in equity, hybrid and/or debt funds. Alternatively, you can also invest in retirement funds which provide asset allocation solutions for different investment needs and risk appetites, says Dwaipayan Bose
Those who cannot bear significant downturns (as much as 40 per cent) or have a short horizon should exit entirely.
rediffGURU Ulhas Joshi recommends five factors you need to look at to evaluate the performance of two schemes.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh.
rediffGURU Ulhas Joshi answers your mutual fund queries.
How do you pick a mutual fund scheme that suits your needs?
SEBI has published data showing that more than 90 per cent of investors lose money in futures and options, explains Harsh Roongta.
'Use this money to build an emergency fund if you do not have one.'
Business success often involves a combination of planning, implementation, and continuous learning, says rediffGURU Harsh Bharwani.
Take a call to stay put or opt our based on whether you think the company will be able to find a strategic investor, suggests Sanjay Kumar Singh.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
Begin the year-end review by assessing whether your portfolios are on track to achieve your life goals.
If your fund's expense ratio has risen dramatically after Sebi's recent changes, compare it with the category average before switching.
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
'If you retain your account with the EPFO for 10 years, you get a life-long pension.'
Why the case for investing in passive funds is becoming stronger.
Investors should consider debt mutual funds, banks fixed deposits or high-rated corporate debt instruments.
Don't worry about volatile, erratic cash flows, freelancers. Vishal Dhawan explains how you can invest and achieve your financial goals despite irregular income.
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Physical advisors have been receiving tough competition from algorithm-based investment counselling and robo-advisories.
Long-term tax on capital gains arising from selling a house can be invested in another property under Section 54.
Investing heavily in a top-performing fund during good times can cause long-term pain. Don't invest lump sum at market peaks.
A new couple's financial situation changes from their bachelor days.
Go for high quality and low-to-medium-duration funds in your debt portfolio
Debt fund managers think the Reserve Bank governor might at best go for one rate cut in April.
'It is crucial to understand that the ultimate goal of your investments isn't to pay lesser tax, but to create long-term wealth for you and your family,' says Satyen Kothari, founder and CEO, Cube Wealth.
A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase.
Once the child is 90 days old, parents must add her to the family health floater cover, suggests Sanjay Kumar Singh.
Don't focus on market or product returns -- focus on your target rate of return, and then choose an investment.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
Over longer periods of three, five and 10 years, small-cap funds have rewarded their investors handsomely.
A robo advisor may seem like the perfect solution for those with only a small investment capital who are just starting their investment journey, says Mrin Agarwal, founder, Finsafe India.
Here's how beginners can follow a very practical approach for finding stocks for long term investing and building a decent portfolio.
Bear in mind that the amount you get paid depends on the stage at which cancer is detected, reveals Sanjay Kumar Singh.
The Budget has changed the rules for Indian citizens and persons of Indian origin visiting India. Instead of 182 days, the number of days has been reduced to 120. You will be treated as a resident of India for tax purposes if you stay in the country for more than 120 days in a financial year and 365 days in the past four years. One consequence of the change will be that people of Indian origin who reside outside India will be able to spend a smaller number of days in the country if they wish to keep their non-resident status intact, points out Sanjay Kumar Singh.
