Before investing in a fixed deposit (FD), depositors tend to compare the interest rates offered by different banks in order to choose one over the other. Usually, the interest rate and the tenor of the FD go hand in hand. This means that the longer the tenor of the FD, the higher the interest rate. … Read more
If you are planning to invest in a Mutual fund scheme, it is recommended to first compare the returns it delivered with those of its peers in recent years. And if you are told that the returns generated by a plan could have made you richer… ₹One and a half crore or more, you will … Read more
As you are aware, the Union Government is preparing to implement the Unified Pension System (UPS) from April 1, 2025 to provide fixed inflation-linked pensions to subscribers. As of now, the scheme is meant for only 23 lakh central government employees and state government employees can opt for them. Wealth advisors suggest that having multiple … Read more
The Sukanya Samriddhi Yojana (SSY), a small deposit savings scheme introduced by the Indian government in 2015, continues to offer attractive returns to parents who invest in their daughters’ future. As part of the Beti Bachao Beti Padhao campaign, ssy It aims to support the educational and financial needs of girls across India. For the … Read more
Own a credit card Not only is it rare, but it is also close to a financial necessity in today’s times. However, before you get a credit card, keep in mind a number of basic rules; for example, unpaid installments accrue a very high interest rate, sometimes as high as 3-4 percent monthly or 36-48 … Read more
Resourceful Automobile’s IPO, for example, attracted ₹4,800 crore in bids for a ₹Issuance of 12 crore rupees and offer of travel and rentals received ₹7,075 crores for a ₹12.4 crore issue. HOAC Foods India and Magenta Lifecare saw oversubscription of 1,963 and 1,002 times respectively earlier this year even as their issue size was just … Read more
As of October 1, 2024, significant changes will be implemented in the taxation of share buybacksshifting the tax burden from companies to shareholders. Companies pay a tax of 23.296 per cent on buyback transactions, which covers surcharges and levies, while shareholders pay no tax on buyback income. Under the new rules, buyback income will be … Read more
Nilesh Shah on cryptocurrencies:Kotak CEO Nilesh Shah warns investors about risks associated with cryptocurrencies Mahindra The asset management company advised them to only invest what they could afford to lose. “If you are interested in investing in cryptocurrencies, make sure your exposure is such that even if they go down, you can bear that loss,” … Read more
There are two types of legal frameworks that apply to non-residents. The first is the Income Tax Act, 1961, which regulates the taxation of income of non-residents. The other legal framework is the Foreign Exchange Management Act (FEMA), 1999, which regulates the investment avenues available to non-residents and the banking transactions that non-residents can engage … Read more
But first, what is a Portfolio Investment Scheme? It is an arrangement introduced by the Reserve Bank of India to allow NRIs to invest in shares of Indian companies and allows both repatriation and non-repatriation of profits. But there are differences between PIS and non-PIS accounts that you need to consider before deciding on one. … Read more
