The 20% TCS on international credit card spending: What you need to know
Explore the effects of the updated 20% Tax Collected at Source (TCS) on international financial transactions, including credit cards Read More
Changes in Debt Funds taxation: What it means for you
From 1st April 2023, there will no longer be long-term capital gains benefit for debt fund investors Read More
What Happens When There is No Nomination in Mutual Funds
The investments will not pass automatically to a named beneficiary without a nomination. Read More
Checklist for NRIs planning to settle in India
Are you a Non-Resident Indian (NRI) considering settling down in India? If so, there are several essential things to keep in mind before making a move. In this article, we’ll explore some of the critical financial things NRIs should consider when settling in India. But first, let us talk about the RNOR status. A Non-Resident […] Read More
What do you need to know about investing in Quant Funds
Quant funds, also known as quantitative funds, are a type of mutual fund that combine the principles of mathematics, data, and computer science to build an investment portfolio or a fund. These funds use algorithms to analyse vast amounts of data to identify trends, uncover correlations, and make investment decisions. Quant funds are relatively new, […] Read More
Key money moves in Union Budget 2023-24
Finance Minister, Nirmala Sitharaman presented the last full-year budget under the Modi Government 2.0 today which has brought a smile to citizens’ faces. After two disappointing budgets for the common men of the country, this budget has finally something to offer them. Here are the key provisions of the budget – From April 2023 people […] Read More
Should you invest in RBI Floating Savings Bond?
With the rising interest rates, investors’ appetite for fixed-income instruments has increased. And one of the fixed income instruments is the floating rate bond. On December 30, RBI increased the coupon rate of the Floating Rate Savings Bond, 2020 (Taxable) to 7.35% from 7.15% after the increase in interest rate of the National Savings Certificate […] Read More
AMCs can launch Passive ELSS funds
Fund houses with an active tax-saving Equity Linked Saving Scheme (ELSS) can launch passive ELSS funds if they suspend new investment into the active programme. ELSS are tax-saving mutual funds that need to invest a minimum of 80% in equities. It has a minimum lock-in period of three years and can be used to reduce […] Read More
Smart money moves to make in 2023
It’s a new year, and that means it’s time to start making plans for our financial future. As we look ahead into 2023, there are many smart money moves we can make to shore up our finances and ensure long-term success in the years ahead. If you’re ready to get serious about your goals, this […] Read More
IDFC MF is now Bandhan Mutual Fund; L&T MF merges with HSBC Mutual Fund
In the last few weeks, you might have heard of two mutual fund houses being acquired by another company. And, as an investor, you might wonder if these acquisitions affect you as an investor It depends on the firm that is acquiring the fund house. Let us look at two recent activities. Bandhan Bank taking […] Read More
