What are the key differences between a springing power of attorney, which becomes effective upon incapacity,…
Category: Finance
Looking for an investment advisor? Beware of fake testimonials, reviews
At the time of zeroing in on an investment advisor, investors often get carried away with…
ITR filing: Here is a lowdown on new income tax regime— check exemptions and deductions
Although a range of tax-related changes are introduced every year for taxpayers, a few key changes…
Sebi is regulating influencers. What if they’re also mutual fund distributors?
Mutual fund distributors, registered with the Association of Mutual Funds in India (Amfi), traditionally earned commissions…
Should UPI transactions incur fees? Amazon Pay CEO’s statement fuels discussion
Should transactions done on UPI (Unified Payments Interface) be charged? A merchant discount rate (MDR) or…
ITR Filing 2024: Why should you verify your income tax return after filing it? Here are key reasons
Filing the Income Tax Return (ITR) marks only the initial phase. The ITR must be verified…
What is the definition of ‘long term’ while investing in equities? MintGenie explores
Investing, a crucial aspect of financial planning, requires a strategic approach that aligns with individual goals…
How can single women build emergency funds? Here are 6 key ways
Financial security is a cornerstone of independence and peace of mind, especially for single women in…
Net direct tax collection spikes 19.5% to ₹5.74 lakh crore so far in FY25: I-T dept
Net direct tax collection for FY 2024-25 spiked to ₹5.74 lakh crore till July 11, 2024,…
Longlegs: 3 terrifying money lessons you can learn from the horror film
When it’s dark and cloudy outside, what better way to clutch your umbrellas than by watching…
Fixed Deposits: These six banks offer highest interest rates on five-year FDs. Check details
When people invest in a term deposit, they generally look for a bank that offers the…
RBI allows resident Indians to open dollar accounts in Gift City. What this means for you
The Reserve Bank of India has allowed resident Indians to open foreign currency accounts in Gift…
Income Tax Return: Why should you verify your ITR within 30 days of filing?
As the last date to file an income tax return (ITR) looms closer, taxpayers are seen…
Prashant Jain’s AIF returns 58% in its first year, with little help from SMID caps
Former HDFC AMC chief Prashant Jain’s 3P India Equity Fund 1 has comfortably beaten the Nifty…
Income Tax Returns: Taxpayers find it too ‘taxing’ to file ITR online on e-filing portal even as July 31 deadline nears
This is the last month to file income tax return (ITR) for individual tax payers. If…
Income Tax Return: How to choose the correct ITR form for tax filing
Filing income tax returns (ITR) is an essential responsibility for every taxpayer in India. The process…
ITR filing 2024: How to file income tax return without Form 16? Here’s what experts say
If you have yet to file your income tax return (ITR) for FY2023-24, be sure to…
Mastering wealth management: The role of psychology in decision making and financial success
Despite her business acumen, Jyoti struggled to make informed investment decisions, often finding herself swayed by…
How will a seafarer’s income be taxed?
I have been working in merchant navy for five years. Every year, the high seas voyage…
Are you sharing too much? The risks of giving your ITR credentials to CAs
The dilemma of sharing credentials Hiring a chartered accountant (CA) to file your tax return often…
Is your money management strategy actually working? Key signs you might be off track
When it comes to managing money or investing, we all feel like our way is the…
Three ways Budget 2024 can put more money in aam aadmi’s pocket
NEW DELHI : Citizens always eagerly wait for the budget in the hope of getting more…
RBI imposes penalty on five banks including PNB for regulatory non-compliance: Report
The Reserve Bank of India (RBI) penalised five banks including Punjab National Bank (PNB) with various…
DA hike news: HRA to Conveyance Allowance — these 13 central government allowances to jump by 25%. Details here
DA hike news: After the announcement of a 4 percent Dearness Allowance (DA) for the central…
Income Tax Returns: Exemptions and deductions that are still allowed under new tax regime
As a taxpayer, you must be aware of the fact that the new tax regime is…
How does investor psychology influence momentum investing strategies?
There is optimism galore, the markets are buzzing with initial public offerings (IPOs) as companies seek…
Income Tax Returns: What is your default regime— old or new? Key things you should know before filing ITR
As the last date to file the income tax return (ITR) looms closer and you have…
ICICI Bank’s Sapphiro forex card to benefit students planning to study abroad this year: Key features explained
Students planning to go abroad for higher studies tend to apply for a forex prepaid card…
Household savings plummet to 5-year low in FY23: Where did young India’s savings go?
India boasts of a youth-heavy population and this has been projected as one of the key…
Invested in cryptos this year? You will have to pay tax at this rate…
If you have invested in cryptocurrencies in the financial year 2023-2024, then the chances are that…
Retirement Planning: How to achieve early retirement bliss? A step-by-step guide
Early retirement can indeed be a cherished goal for many individuals, despite the challenges that may…
Axis Bank and Piramal Finance join forces for co-lending business; details here
Axis Bank and Piramal Finance have partnered to establish a co-lending business aimed at extending loans…
Bank Holidays in July 2024: Banks will remain closed on THESE 12 days; check list here
Banks will remain closed for 12 days in July on account of various regional and national…
How this dentist is saving for his retirement and his son’s education
Das started his financial planning journey in 2020, but he was not a first-time investor. “I…
Understanding sovereign gold bonds: Tax implications and disclosure requirements
I invested in sovereign gold bonds (SGBs) in FY16 and received the maturity proceeds in FY24.…
Personal Loan interest rates surge by 30-50 bps following RBI’s raised risk weightage in November 2023
Personal Loan Rates: Over the past few months several private lenders such as ICICI Bank, Kotak…
EPFO alert! New Employees’ Pension Scheme (EPS) rules to benefit 23 lakh employees: Govt
The Central government has amended the Employees Pension Scheme (EPS), 1995 giving withdrawal benefits for employees…
HDFC Bank’s new credit card rules effective from August 1; check key changes
HDFC Bank will implement revised credit card terms effective August 1st, 2024, aligning them closely with…
How you can blend investment styles with mutual funds
You often hear that it is essential to diversify mutual fund investments across asset classes and…
From Dreamers to doers: SIPs are reshaping investing in India
A year after the Securities and Exchange Board of India (Sebi) was established, private sector entities…
Hazaaron khwaishein aisi – How the stock market boom has made investor dreams reality, well before time
Among them is Raunaq Bali, 25, a law student. He invested his monthly internship stipend of…
Here’s how to accurately declare assets in Schedule AL of your ITR
Schedule AL was introduced in 2016 after the discontinuation of the wealth tax. Prakash Hegde, chartered…
Mutual funds bet big on manufacturing: Is it time to invest?
MUMBAI : Sectoral and thematic funds received over ₹19,000 crore in net inflows in May, according…
Investing lessons from the election-led market volatility
The 2024 Lok Sabha election concluded with the Bharatiya Janata Party-led alliance securing a majority. However,…
Fractional ownership and how it is boosting liquidity in commercial real estate
However, the advent of fractional ownership is transforming this landscape, making commercial real estate accessible to…
This PMS is betting on India reaching 16% of world’s GDP by 2047
With this fund, Khemani, a Portfolio Management Service (PMS) manager, aims to capitalize on India’s economic…
How small businesses can benefit from Udyam registration
Micro and small businesses and professional organisations play an important role in India, accounting for an…
Navigating Esop reporting rules for Indian subsidiaries of foreign MNCs
If a foreign company offers stock options to employees of an Indian company, the domestic firm…
Options for correction of mistakes in past income tax returns
For any taxpayer in the higher tax bracket, computing the correct income and filling up the…
How this Hindi scholar is channeling his savings into charity
Pandey, who retired more than two decades ago and now relies on his pension and mutual…
Is a prospective employer deceiving you with inflated CTC
Which is the one number, besides age, that people lie about most often? The answer, which…
How estate planning can help you protect your legacy
Most people fear the idea of estate planning or laugh it off thinking they are immortal.…
Elections 2024: How to position your portfolio ahead of significant events
Recently, social media has been inundated with inquiries from people seeking advice on how to position…
Provident fund contributions: A dilemma for international workers
In a landmark ruling, the Karnataka High Court has pronounced specific regulations for international workers within…
How this telecom executive is strategizing his path to FIRE
Guin began his career in software sales, but now works in a strategy role at a…
Can sector rotation be played passively?
Sector rotation sounds easy to implement, but it can be a complex undertaking. This is because…
Crowd is right on trends, but wrong on ends: Nimesh Chandan of Bajaj Finserv AMC
Chandan says he doesn’t review his stock portfolio annually and rarely sells anything unless there are…
A look at ‘Safal Niveshak’ Vishal Khandelwal’s investment philosophy & strategy
Vishal Khandelwal, founder of ‘Safal Niveshak’—a popular blog on investing that is now into its fourteenth…
Why Devina Mehra is bullish on silver
“Even compared to gold, silver is beginning to look good. Unlike gold, silver also has some…
Let a hundred flowers bloom: Nikhil Kamath’s approach to life and investing explained
In a world of neat labels and professions, it is difficult to assign one to Nikhil…
Retail investors and the fixation with equity MFs
Retail investors predominantly invest in equity mutual fundsand, as per data put out by the Association…
Has Rera really served its purpose?
Such is the sorry state of affairs in India’s glowing real estate sector. For most people,…
Why global stocks were a big miss for PPFAS MF’s Rajeev Thakkar
According to Thakkar, the inability of the fund to add international exposure due to the overseas…
How to be a value investor when market is at peak
Is it possible to get good returns from a market that is at an all-time high?…
Buy your car with a credit card, save 4-11% on costs
After reaping the benefits, the 31-year-old recently guided his brother to buy a car using credit…
Should Nvidia employees with stock options sell or stay put?
An Nvidia employee posted this note on Team Blind, a platform that lets verified employees discuss…
Incremental equity investments: options for those sitting on the fence
There are certain investors who believe in the great India growth story, but are wary of…
Why DSP MF’s Kalpen Parekh is bullish on long duration debt
After four-five years of staying away from it, Parekh has invested in DSP Strategic Bond Fund,…
Boosting Jan Dhan account activity: Strategy for enhanced financial inclusion
However, complete and effective financial inclusion encompasses far more layers than just owning a bank account.…
What survival period means for your critical illness plans
There are two different ways to insure oneself against CIs—a rider offered by life insurance companies…
Investment mantra: Here are The fastest ways to blow up a family fortune
I have been deeply inspired by investment guru Charlie Munger’s “How to Guarantee a Life of…
Pocket money for retirees: You are never too old to embrace life’s joys
When we think of pocket money, it often takes us back to our childhood days when…
Digitization of securities and transparency
The inclination of the ministry of corporate affairs (MCA) to make corporate governance practices in India…
Should investors lap up or ignore SBI Energy Opportunities Fund?
View Full Image The SBI fund will be benchmarked against the Nifty Energy Index, which has…
Travel insurance: How to decode policy fine print
Flight delays and cancellations, particularly during adverse weather conditions, potentially impact travel plans and cause massive…
How to access assets when breadwinner is incapacitated
Niranjan Vemulkar, co-founder and chief executive officer of Yellow, a digital will-making platform, shares an example.…
Are branded apartments worth the premium that you pay?
A reputed residential real estate developer, say DLF, Godrej, Tata, Prestige, Purvankara or Shriram, can easily…
Quant MF pivots from Adani to Ambani stocks. Here’s why
Quant MF also has a smaller exposure to other Ambani companies like Just Dial, Network 18…
New regime, new way: budget shines light on computing tax on agri income
If you’re an individual taxpayer or Hindu Undivided Family (HUF) with agricultural income, the interim budget…
How CAMS/KFIN can help manage your family’s MF portfolios
For most people, managing multiple PANs (Permanent Account Numbers, issued by the income tax department) of…
Will Nuvama’s PRIME plan to flip office buildings work?
prefer to have in their portfolios. Realty prices, albeit for residential real estate, are soaring across…
Budget 2024: These are the 6 key Budget promises delivered in recent past
In the run up to the Budget 2024, the Government of India’s ministry of finance has…
Why airlines may not offer you free accommodation for delayed flights
The chaos that Gurunandan witnessed that day was, however, not restricted to Udaipur airport alone. Such…
Blast from the past: Can these mega funds regain their mojo?
View Full Image Graphic: Paras Jain Here, we look at three such funds; their recent and…
Decoding the rationale of equal weight investing
The conventional approach to index construction for a portfolio relies on market capitalization for weightage of…
Are ultra premium credit cards worth their hefty annual fees?
At such high fees, what makes these cards attractive? Do the rewards exceed the fee? This…
Life insurance companies should be permitted to sell health plans: Mahesh Balasubramanian, MD, Kotak Mahindra
India’s life insurance industry has come together to bridge the high protection gap—the difference between available…
Rich foreigners will now get tax-free access to Indian MFs
It is an unprecedented move that is likely to open the flood gates for infusion of…
Why many NRIs are missing out on India’s market rally
Take the case of Tani Tayal, a 31-year-old NRI based in the US. She first thought…
Are Vietnam, Thailand cheaper than Goa for a beach holiday?
While beach holidays have always been popular among Indian travellers, Lakshadweep has never really been in…
Can a high sum-assured Ulip offer better cover, returns?
“Pure term plans exist but we cannot ignore customers asking for the survival benefit. High sum-assured…
Got an insurance policy? Know the cost of surrendering it
Financial security and tax relief are two critical reasons why most people buy life insurance policies.…
Facing funding winter, Indian tech start-ups gearing up for the tough times ahead in 2024
Indian start-ups had a relatively tougher time in the past year, yet over 950 tech start-ups saw the…
Income tax HRA: Why Bengaluru is not considered a metro city for taxpayers?
Bengaluru undoubtedly boasts all the characteristics of a modern global metropolis – a booming IT and…
Hat-trick on cards? Dividends from CPSEs may cross ₹50,000 crore this year too: Report
Dividends from central public sector enterprises (CPSEs) are likely to cross ₹50,000 crore during the current fiscal…
ICICI Lombard’s health plan tops Mint-Beshak ratings
This story, first in a Mint series, dissects health insurance plans based on the ratings decided…
PayNearby and Star Health unite to offer health cover to uninsured and under-served across India. Details here
PayNearby and Star Health and Allied Insurance have recently formed a strategic collaboration aimed at enhancing…
What Gabby Gingras, the girl who feels no pain, means for the Indian investor
Welcome to the world of Gabby Gingras— the girl who does not feel pain. She was…
Raise UPI transfer limit to ₹5 lakh by Jan 10, NPCI tells members: Report
Raise UPI transfer limit to ₹5 lakh by Jan 10, NPCI tells members:…
How people can keep their investments less vulnerable to events in 2024
It’s time to reflect on events last year that made us form views and opinions for…
Income Tax department’s advisories put NRIs on notice on high value deals: Report
The Income Tax (I-T) Department has sent out advisories to non-resident Indians (NRIs), telling them to…
Investors need to have a balanced approach this year
India presents an attractive opportunity for investors seeking high growth potential in a volatile global environment.…
Cryptos to be legit in 2024? Destination seems too far while the caravan moves on
The year 2023 was perhaps a good year for crypto prices as they recouped the previous year’s…
RuPay launches New Year Cashback offer. Eligibility, cashback limit and all you need to know
Rupay has launched an exclusive New Year Cashback offer which is applicable from December 30, 2023,…
UPI accounts not operational stand to get de-activated from Jan 1 onwards
If you have a UPI (Unified Payments Interface) account with any of the popular apps such…
The Best of Mint Money, 2023
There’s a reason why Mint Money articles are shared widely and discussed thoroughly on social media.…
Mutual Funds: 7 sectoral funds gave over 50% return in 2023
As the year 2023 draws to a close, some retail investors must be scouting for the…
Prioritizing the right goals is key to an investor’s financial freedom
Financial panning decisions are not easy. With many goals and limited funds, it becomes difficult to…
Value of frauds in banking transactions spiked 10 times in 10 years, shows RBI data
This is ten times the 2011-12 data when total amount of frauds amounted to ₹4,497 crore…
Will free MF platforms finally make money? Amfi proposes ₹2 per transaction
Free mutual fund platforms in India, such as Kuvera and MF Utilities, are gearing up for…
Budget 2024: No populist measures expected, says Seemant Shukla of JM Financial
Going by the past trends, no populist measures are expected in the upcoming Budget. It would…
The concept of distributor’s alpha and what it means to investors
In investment circles, the concept of “alpha” is well known and discussed. It basically refers to…
AU Bank Zenith+ Credit Card: From eligibility to benefits; all you need to know
The card offers a competitive reward rate, granting 2 RPs per ₹100 spent on dining, international,…
How do I invest for my retirement needs?
I am 40 years old, work in a private company and live with my husband in…
Beyond Bells & Baubles: 4 valuable money lessons hidden in your favourite Christmas movies
But when you’re walking about the neighbourhood – just to get away from the crazy aunt…
What is the taxation on withdrawal of PF?
I will retire in January 2024. Is it mandatory to withdraw Provident Fund (PF) corpus immediately…
From Tuition to Takeoff: The essential checklist for education loan applicants
Studying abroad is a dream for many Indian students and it is undoubtedly an endeavour that…
CBDT notifies Income Tax Return forms 1 and 4 for AY 2024-25. Details here
The Central Board of Direct Taxes (CBDT) on Saturday notified Income Tax Return forms 1 and…
As the bull run continues in market, it is time to exercise caution, say experts
As bulls continue their run on Dalal Street, retail investors have more reasons to cheer than one. Sceptics…
Around 75 percent crypto investors are below the age of 35, says report
There are more than 19 million crypto investors in India, out of which, 9 percent belong…
Writing a will: Vital to nip the family disputes in the bud
Like most key financial goals such as buying a house, marriage and children’s education, one occurrence…
Building a lasting legacy: Selecting the right tools for estate planning
When creating an estate plan, the first step is to ask yourself, “What do I hope…
6 banks offer up to 8% interest rates on savings accounts; check full list here
Storing a portion of your extra income in savings accounts offers numerous advantages, particularly in times…
MSM Reits: How you can earn from tiny realty holdings
Sebi’s objective was to safeguard the interests of small investors exploring this alternative investment route. Fast…
What is Coast FIRE? Should you pursue this instead of vanilla financial independence?
Financial Independence and Retire Early (FIRE) is a movement that has pervaded the mindset of young…
Reset your long-term portfolio at regular intervals to create wealth
Investing in the right fund or product by itself doesn’t assure wealth creation. Smart investors rely…
Is the certified copy of a will legally valid?
My mother left all of her immovable assets and shares worth ₹10 lakh to me and…
NPS equity investment delivers average return of 16.94% in last one year. Details here
Equity investment in National Pension System (NPS) has delivered a return of 16.94 percent in the…
How can I maintain a good credit score?
What are some common mistakes that can negatively affect my credit score, and how can I…
Diversifying globally in investments provides advantages for long-term investors: Experts
Global markets offer promising investment opportunities for long-term investors, allowing them to capitalize on growth trends…
Canara HSBC Life Insurance introduces Alpha Wealth; all you need to know
Canara HSBC Life Insurance has introduced “Alpha Wealth”, a program designed to empower individuals to reach…
Reliance General Insurance introduces ‘Reliance Health Global’. Details here
Reliance General Insurance Company introduced “Reliance Health Global”, a healthcare policy aimed at providing Indians with…