Keep track of your foreign remittances to avoid giving incorrect declarations as these could be held against you.
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
'Investors don't have to worry about underperformance in passive funds, which earn market-equivalent returns.'
Be wary of co-operative banks which have historically been most vulnerable.
Seek advice from Sebi-registered investment advisors whose names are available on Sebi's Web site.
'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'
Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.
A term plan's premium is lower than that of a wholelife plan.
Online video platform YouTube's ecosystem has contributed over Rs 10,000 crore to India's GDP and supported more than 7.5 lakh full-time equivalent jobs in the country, according to a report. In India, over 4,500 channels had over 10 lakh subscribers and the number of YouTube channels in India making Rs 1 lakh or more in their annual revenue increased by over 60 per cent year-over-year in 2021, the YouTube Impact Report based on analysis by Oxford Economics said. "YouTube's creative ecosystem contributed over Rs 10,000 crore and supported more than 7,50,000 full-time equivalent jobs in the Indian economy in 2021. "That economic impact shows up in four ways, through direct, indirect, induced, and catalytic impacts," the report said.
Before opting for this scheme, consider how EPS is calculated.
'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
Buy from an established agent rather than a novice who may not be around when you need his assistance.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
When we are unwell, we consult a doctor, take a prescription, and then buy medicines from a chemist. In finance, too, it is best to keep investment advice and product purchase separate, suggests Bindisha Sarang.
Dominic Xavier offers his take on the latest blow to personal finances.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
If you pledge market-linked instruments and their value plummets, you will have to provide additional collateral, points out Sanjay Kumar Singh.
To make the most of your vehicle, use the age-old 20/4/10 personal finance rule, suggests Bindisha Sarang.
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
Buying or selling securities based on rumours about expected changes in tax rates or sectoral sops can backfire, advises Sarbajeet K Sen.
SpaceX Crew Dragon capsule splashed down in the Atlantic Ocean off coast Florida.
Saving for your future, older self is one of the main reasons why you should invest. Since one day you will either be unwilling or unable to work, investing allows you to have a pool of resources you can draw upon in old age.
One of the biggest advantages of index funds and ETFs is their low cost, points out Sarbajeet K Sen.
According to a well-being survey, mental stress levels for people working at offices and factories have increased substantially in India this year due to economic slowdown.
Former Afghanistan President Ashraf Ghani, who fled to the United Arab Emirates before the Taliban seized power last month, on Wednesday apologised to the people for leaving the country abruptly, saying he believed it was the 'only way to keep the guns silent and save Kabul and her six million people'.
Understanding how money works is the first step toward making your money work for you, says Harshad Chetanwala, co-founder MyWealthGrowth.
Drop us a mail at getahead@rediff.co.in and our expert, Harsh Roongta, will answer your home loan queries.
If a retail investor wants exposure to a healthcare ETF, it should be a part of his satellite portfolio, suggests Sanjay Kumar Singh.
'A lot of first-time users who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds, and stocks for their long-term goals.'
LIC is currently allowing customers to revive policies that have lapsed for more than two years.
The probe into alleged tax evasion and holding of directorship in multiple firms against the former banker pertains to a time period between 2015-17, they said.
Stick to low-cost ULIPs launched in the past few years. Go with an insurer with a good investment team and solid track record of long-term returns, suggests Sanjay Kumar Singh.
Allotment could be low, and expected listing-day gains can quickly morph into losses if sentiment takes a turn for the worse
When looking for alternatives, consider several parameters -- your investment horizon and liquidity requirement, post-tax returns, and risk.
Tax experts G Srikanth and Anil Rego will answer all your tax queries in two different chats between 1 pm and 4 pm on Monday, February 3.
These ETFs will also carry interest-rate risk, especially the 10-year ETF. The investor can overcome this risk by holding them till maturity, suggests Sanjay Kumar Singh.
Sources said Mallya has also been asked to furnish documents related to his personal finances
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