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July 28, 2023 10:01 AM IST AIFs and PMS schemes offer higher returns but also higher risk compared to mutual funds. Should high net worth investors still consider them and how should they select a suitable scheme?
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July 28, 2023 10:52 AM IST A notice from the I-T Department doesn't necessarily mean you've done something wrong. It could be a routine communication but it's essential to act promptly.
- July 28, 2023 10:56 AM IST
July 31 is the due date for filing returns for the financial year 2022-23 (AY 2023-24). If you miss this deadline, you have some extra time until December 31, 2023, but will end up paying late-filing fees of Rs 5,000 (Rs 1,000 if your income is less than Rs 5,00,000).
- July 28, 2023 09:08 AM IST
Before purchasing your dream car, it’s important to know the latest advancements in the world of auto insurance. Some of these features can minimise your insurance premium and provide better coverage.
- July 27, 2023 07:38 PM IST
Managing debts can be a very daunting task. All the loans along with daily expenses is something that can take a heavy toll on your finances. But there are a few ways by which you can make the repayment process seamless. Watch this video to find out.
- July 28, 2023 11:17 AM IST
On July 28, the finance minister is expected to launch the corpus that aims to provide liquidity to debt mutual funds in troubled times. On July 27, SEBI issued detailed guidelines on how debt funds will make use of this facility.
- July 27, 2023 06:18 PM IST
Under the policy, policyholders will get back the total premium, if they survive the term, they paid under the policy not including any extra premium, rider premium or taxes paid.
- July 27, 2023 06:19 PM IST
If your home loan is linked to MCLR, switching to a repo-linked home loan rate can reduce your interest costs. However, do the math first and calculate the savings instead of relying on vague estimates.
- July 27, 2023 09:54 AM IST
The primary bond market is where companies raise capital through the initial issuance of debt securities to investors. The secondary market refers to the trading of previously issued securities. Both government (central and state) and non-government entities such as banks, NBFCs, PSUs and corporations issue securities in the primary market.
- July 27, 2023 10:16 AM IST
Active fund managers sense these changes early and reposition their portfolios accordingly.
- July 27, 2023 06:31 AM IST
The Annual Information Statement is a critical document that provides a complete overview of an individual’s transactions during a financial year. It helps in identifying discrepancies in income or deductions, allowing taxpayers to rectify them before filing their income tax returns.
- July 27, 2023 06:30 AM IST
Although it works in similar ways to open-ended overnight funds, it primarily caters to those who regularly trade in stock markets. It has little credit or interest rate risk, making it a safe bet.
- July 26, 2023 06:21 PM IST
The Swiggy-HDFC co-branded credit card is offering five percent cashbacks for purchases on Amazon and Flipkart, which is same as that of what the ecommerce companies are offering to their credit card customers. The only catch being the cashback will be deposited as Swiggy Money and can be used only on Swiggy.
- July 26, 2023 05:49 PM IST
Extra gush of inflows into small-cap funds has forced some mutual fund houses to curtail fresh investment into these schemes. Some schemes have stopped taking lump-sum investments, while other have put restrictions on systematic investment plans. Moneycontrol spoke to Ravi Kumar T V, Founder of Gaining Ground Investment Services to dig deeper into why smallcap funds have come into the limelight, how to check if a smallcap fund is becoming riskier and more. Listen in
- July 26, 2023 12:30 PM IST
Inoperative PANs have been giving a headache to non-resident Indians. Unresponsive jurisdictional assessment officers, lack of online facility to contact them to update residential status and non-receipt of e-verification codes continue to impede smooth filing of NRI tax returns.
- July 26, 2023 12:24 PM IST
Selecting the ‘Active’ option for long-term savings under NPS allows you to invest up to 75 percent into equities. This helps as, otherwise, the equity portion shrinks below 35 percent during your prime earning period. But exercise caution if you are nearing retirement
- July 27, 2023 09:12 AM IST
You can now select between the old and new income tax regimes at the time of filing your tax returns, irrespective of which option you had gone in for at the start of the calendar year with your employer. Salaried individuals can do this every year. But for professionals, the option to switch regimes is available only once.
- July 26, 2023 10:22 AM IST
HSBC India Mutual Fund’s acquisition of the erstwhile L&T Mutual Fund will soon complete a year. While Kailash Kulkarni, CEO, HSBC Mutual Fund is bullish on India but feels that mutual funds ought to penetrate the hinterlands in India much more than present levels
- July 26, 2023 09:03 AM IST
The government and RBI have been clamping down on such loan apps and are now required to show their lending license to be approved on the Play Store. The apps also cannot access customer photos and contacts.
- July 26, 2023 08:21 AM IST
The portal is designed to provide seamless and intuitive user experience and offers a dashboard displaying all interactions, uploads or pending actions.
- July 27, 2023 11:40 AM IST
Flood-affected regions such as Delhi, Uttarakhand, Himachal Pradesh and even parts of Gujarat deserve an extension, but it is unlikely that others will get any leeway, say chartered accountants.
- July 25, 2023 05:06 PM IST
The last date to file income-tax returns is July 31. But don’t worry if you make a mistake in the returns when filing. Or forgot to mention any income if filed already. The income-tax department allows you to revise returns up to three months before the end of the assessment year. The question is: what if the I-T department has already given you a tax refund?
- July 25, 2023 10:48 AM IST
From delays in claim settlement to unfair terms and poor customer service, policyholders face a number of issues with their insurance service providers.
- July 25, 2023 09:50 AM IST
Contractual IT professionals, tuition teachers (academic, dance, or drawing), or those providing professional services from home can also opt for filing tax returns under the presumptive taxation scheme (PTS) if they have not maintained proper books of accounts, under Section 44ADA.
- July 24, 2023 10:34 PM IST
In an out-of-turn press conference aimed at giving a performance report on some of the market regulator's internal machinations, SEBI chief Madhabi Puri Buch said faster clearances and better implementation are SEBI’s path forward with an aim to aid in India's capital formation.
