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In the last three months or so, ever since the lockdown has been enforced all across the world, the household savings rate has gone up substantially despite an increase in unemployment/loss of income. No outdoor eating /parties/movies, no shopping other…
You want to become rich! Make your money work for you 24×7, 365 days a year. Do we know how people become rich? They invest money in creating assets and poor people create liabilities. So before we proceed, let’s understand in simple…
Have we ever thought why most of us sell off our investments during market corrections? Is it because we need the money or is there any other reason(s). We all must have taken a ride in the roller coaster; when…
The recent decision of freezing six of their debt fund schemes by Franklin Templeton Debt mutual fund has sent a shock wave among the investors’ community who thought debt investments are safe and do not require any risk management. But…
Rates of interest on various small saving schemes have been slashed substantially by the Government of India wef 01 April 2020. The annual rate of interest on Bank Savings Account would be around 2.75% and Bank FDs will fetch you 5.5%…
Brutal fall in Indian stock markets over a period of last one month or so has left most of the equity portfolios bleeding. Fall has been so fast and vociferous that it wiped out almost all the gains of equity mutual…
As part of direct taxes, all of us are paying Income tax to Government of India. Income tax is levied on following two parts of income: 1. Earned income which is earned by us in a financial year(Apr to Mar)2. And…
It was highly volatile day on Indian stock markets on 21st Sep 18 wherein BSE Sensex fell about 1500 points (3%) from it’s day’s high and Nifty 50 too declined more than 3% from its day’s top. But both the…
During my interaction with officers in various forums, I find there is considerable amount of ambiguity as regards taxation on capital gains. I thought it’s important to provide this information in a consolidated manner for officers to take informed personal financial decisions.…
With Nifty benchmark indices NIFTY 50 in correction mode for almost a month now, we are witnessing gains in our equity based portfolios getting eroded substantially, more so in mid and small cap. Nifty benchmark index has fallen almost 9% from…