The Union budget for 2024-25 has proposed several changes in the capital gains tax structure, some of which are surprising moves that the mutual fund industry and the wider market community were not prepared for. One of the most significant was the hike in long-term capital gains tax from 10% to 12.5%. The budget’s proposal … Read more
Budget 2024 has introduced significant changes to the National Pension System (NPS), aiming to make it more attractive and beneficial for private sector employees. One of the most notable changes is the increase in the tax deduction limit on the employer’s contribution to NPS, which has been raised from 10% to 14% of the basic … 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
Whether you are an early investor or a veteran, learning the basics of investing requires a long practice, failures, disappointments and success as well. Else, you can learn these from someone who has been there, and done that. They say that an average person learns from his mistakes, whereas a wise person learns from other’s … Read more
The budget has brought in some major changes in taxation which would impact individuals. People may make some knee-jerk decisions as a quick reaction to the tax announcements and this article tends to suggest the do’s and don’ts to help people to avoid unwise actions. Before even getting into any specifics, regardless of changes in … Read more
However, much to their dismay, investors were allotted mutual fund units on the next day, 5 June’s prices, when markets had recovered around 3-4 percent. As per norms, mutual fund units are usually allotted to investors at the NAV of the day on which the funds are received, before the applicable cut-off time. Reportedly, the … Read more
One of the government’s objectives is to provide social security benefits to citizens. In Budget 2024, the Finance Minister made two announcements towards this objective. These include proposals to raise the limit for employer contribution towards employee’s NPS to 14% from the earlier 10%, and the introduction of NPS Vatsalya for minors. Let us understand … Read more
The Time Variant Authority has captured Deadpool, and a man called Paradox tries to lure Deadpool to the dark side. After all, he has nothing to live for. He’s just celebrated a birthday, his girlfriend has left him, he has no job to speak of, and the Avengers have rejected him… Did I say ‘rejection’? … Read more
Do you like investing in gold or invest in gold for diversification of your portfolio? Then you need to know about the recent changes concerning gold that came out in yesterday’s budget. In this article, we will look into the changes and how they might impact your personal finances. The first thing that caught everyone’s … Read more
Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend to steer towards investments. This relative of mine told me that he is investing ₹1.5 lakh yearly in the Sukanya Samriddhi Yojana account for his daughter’s future. I asked him … Read more