While the government continues to fight black money and ensuring transparency, it is becoming increasingly difficult for high-net-worth individuals to keep their wealth discreetly offshore. After having made investments through cash held in Swiss accounts, income tax The IT department is now mulling over tightening scrutiny over real estate assets held abroad by high net … Read more
3 minutes reading time Last update: August 14, 2024 | 19:38 IS Investments in gold exchange-traded funds (ETFs) rose to Rs 1,337.4 crore in July 2024, the highest level since February 2020. After seeing an outflow of Rs 395.7 crore in April, gold ETFs saw inflows of Rs 2,890.9 crore between May and July. … Read more
In an era marked by global uncertainty and domestic challenges, investors find themselves in a volatile landscape. For Indian investors, who may not be accustomed to such turbulent market conditions, the question of how to allocate assets and build a resilient portfolio is more pertinent than ever. To shed light on these critical issues, CNBC-TV18 … Read more
2 minutes reading time Last update: August 14, 2024 | 15:38 IS Senior health insurance has become increasingly important due to rising healthcare costs and a growing elderly population. One of the key features of many of these insurance policies is the co-pay option, which significantly impacts how policyholders manage their healthcare expenses. … Read more
Six hours and fifteen minutes of trading every day—An infinitesimal amount of time, and yet it has the power to be the cradle of dreams. The parquet floor, every day, witnesses celebrations, heartbreaks, hopes and prayers.—everything at once—because it is the ladder par excellence for climbing fortunes. With the eternal hope of making a fortune, … Read more
PhonePe has introduced a new ‘pre-approved term life insurance’ feature on its platform. This will make insurance coverage more accessible to millions of Indians, PhonePe said in a statement. These are the main features of this new offer: No proof of income required: The pre-approved term life insurance eliminates the need for formal proof … Read more
2 minutes reading time Last update: August 14, 2024 | 11:59 am IS Bandhan Bank has revised its fixed deposit (FD) interest rates, offering an attractive 8.50 per cent on a 21-month FD tenor for senior citizens. On the same fixed deposit tenure, other customers will get 8 per cent interest. The bank is … Read more
Many people who have filed their Income Tax Returns (ITR) for FY 2023-24 (Assessment Year 2024-25) and are eligible for refunds are yet to receive the funds in their bank accounts. If you have filed ITR-2 or ITR-3 for FY 2023-24, you may not have received your tax refund yet. Please note that your tax … Read more
Mirae Asset Midcap Fund, launched on July 29, 2019, has turned a monthly Systematic Investment Plan (SIP) of ₹10,000 into ₹12.75 lakh over the last five years. The plan achieved this with an annualized return of 30.72%, according to the Value Research report. For investors who made an overall investment of ₹1 lakh since the … Read more
2 minutes reading time Last update: August 14, 2024 | 8:45 a.m. IS Historical data suggests that a long-term investment horizon of at least five to seven years can help investors weather market fluctuations and benefit from the power of compounding. However, individual circumstances may warrant a longer or shorter investment horizon. A FundsIndia study … Read more
