Known for his aggressive investments directly in stocks and small- and mid-cap mutual funds, Kumar is now seeking a more balanced and goal-oriented portfolio. “During the pandemic, my stock portfolio took a significant hit, and some of the stocks never fully recovered. I don’t want to face such a situation again as I work towards … Read more
Pay-as-you-drive (PAYD) motor insurance plans are gaining popularity among consumer segments such as hybrid and remote workers, households with multiple cars and homemakers, a PolicyBazaar report revealed. The report mentioned that hybrid or work-from-home employees comprise 35 per cent of PAYD customers. They represent the largest share of the customer base. Pay as you drive … Read more
Forced to rebuild from scratch, the Mumbai-based couple, now in their early 50s, navigated corporate comebacks and personal sacrifices to stand as a testament to the power of perseverance and being financially savvy. Today, they believe that true wealth lies not just in earning, but in managing what you have. Early life With a shared … Read more
His early investments, however, lacked direction and focus, Mishra admits. To get some feedback, he anonymously posted his portfolio on Reddit, a community-based platform. A fellow user pointed out that his portfolio was overcrowded with too many mutual funds, prompting Mishra to rethink his investment strategy. At the time, Mishra had 14-15 mutual fund schemes … Read more
Das started his financial planning journey in 2020, but he was not a first-time investor. “I had made my first mutual fund investment in 2012 and kept making investments here and there, even in some stocks. However, I had to withdraw nearly all my investments in 2016 to cover my wife’s medical emergency and make … Read more
Perhaps influenced by LIC’s stance, the government amended the Insurance Act, 1938 in 2015 to discourage ‘trading’ in insurance policies. Mehta approached the Supreme Court to clarify that a ‘one-time assignment’ was not considered ‘trading’ in life insurance. The court ruled in his favour saying that a ‘one-time assignment’ was not considered ‘trading’ in life … Read more
Studying finance books can significantly enhance your financial understanding and help you achieve your objectives. Introductory texts provide fundamental principles, whereas more advanced ones explore detailed investment tactics. The books you choose depend largely on your goals. Reflect on why you’re reading a personal finance book: whether it’s to eliminate debt, plan for retirement, or … Read more
July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY) 2024–2025. Before submitting their ITRs, salaried employees wait to receive Form 16 from their employers. Pay information, Tax Deducted at Source (TDS) that the employer has deposited, and other data needed to correctly file the ITR are all … Read more
Availing of necessary deductions and exemptions Taxpayers should use all available deductions and exemptions to reduce their tax liability. Examining the Income Tax Act is essential for comprehending the deductions and exemptions accessible to you while filing your Income Tax Return (ITR) in India. The deductions and exemptions vary based on your category whether you … Read more
What would you do if someone told you that you are entitled to a discount on your insurance premium and that by making an instant payment towards it, you will save 20 or even 30 per cent of the premium? When colossal frauds amounting to crores are taking place, why would someone perpetrate a minor … Read more