The challenge isn't in selling -- it's easy to sell when the market peaks. The real challenge is in buying back.
A taxpayer paying rent to his/her spouse is entitled to claim HRA benefit under relevant sections and within prescribed limits.
A new schedule has been added to report income from cryptocurrencies and other Virtual Digital Assets.
Opinions vary, but fund managers remain bullish.
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.'
It is a good option for parents of girl children who want a debt product and do not mind its low liquidity.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
'From a risk-return perspective, large-cap funds may generate lower-than-historical average returns in 2024, whereas mid-, and small-cap funds hardly have any upside left.'
This is a good opportunity for long-term investors to pick quality small and midcap stocks at reasonable valuations.
'If rate cuts happen, bond yields will come down and investors will make mark-to-market capital gains on them.'
The rising market poses a dilemma for investors on whether to continue buying, reduce equity holding, or exit equities altogether.
Go make a beautiful home but spend smartly and wisely!
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.
'If taxpayers have not filed a belated ITR, they will be allowed to file an updated ITR from April 1, 2024.'
These schemes are a good choice for investors contemplating a large investment in equity funds. Instead of investing all the money in one go, they can do so in a staggered manner by parking it in these schemes and then transferring it to equity mutual funds through a systematic transfer plan.
Find out whether the fund is equity, debt, or hybrid oriented. 'Understand the portfolio composition and whether it suits your risk appetite and horizon.'
While selecting a smallcap scheme, go with one that has a good track record and a stable fund manager.
Begin the year-end review by assessing whether your portfolios are on track to achieve your life goals.
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.
Decisions should not be based on feelings, such as optimism or pessimism about the stock market or specific investment products, suggests Avinash Luthria.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
'Check every SMS you get. Many people ignore them.' 'Remember if there is an activity in your account, your financial institution will send you an SMS, not a WhatsApp message.'
Understand the pros and cons of SGBs before rushing to invest in them based on past returns.
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.
These plans are best suited for individuals with a lower risk appetite as they provide guaranteed benefits.
If you choose to be a stay-at-home mom, it definitely does not mean that you are losing a grip over your finances. In fact, there is a lot you can do for yourself and your family.
'Use this money to build an emergency fund if you do not have one.'
'Try to obtain a secured personal loan or credit card by offering some collateral, such as a fixed deposit or gold.' 'Not only will this improve your eligibility, but the lender may even offer a lower interest rate.'
One common mistake investors commit during profit booking is not having a plan for the redeployment of the money that comes into their account.
Carrying part of the money as currency and the rest in a travel card makes for a hassle-free holiday abroad at the least cost.
'Look not just at the interest rate but also the processing fee.'
Policy owners need to avoid errors on their part to prevent claims from being denied.
If you spread your investments and get exposure to many asset classes, then that is called diversification. Asset allocation is the process of allocating your money to different investments. And they offer tremendous advantages, says Rishi Piparaiya.
It is important to celebrate when your first paycheck arrives, but is equally important to ensure that you take the time to learn some very important personal finance lessons, so that you can put your salary to work for you and grow a savings corpus.
Only the top 5 per cent profit makers account for 75 per cent of profits.
Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
'It is the best avenue for investors who would like to take long-term exposure to gold.'
While managing their finances, individuals can make it a rule to seek advice from an expert or feedback from a trusted colleague or friend.
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