Retirement is a crucial period in one’s life, and it is important for individuals, whether they are self-employed or salaried employees, to prioritise financial security in their golden years. Many financial experts emphasize the importance of tax saving in financial planning for individuals of all income levels, including senior citizens. It is essential to consider … Read more
Mutual fund investors typically seek schemes that have exceeded their respective benchmarks over a period of time. Despite deploying a significant amount of funds over the past five weeks, equity mutual fund (MF) schemes continue to hold a substantial amount of cash amidst a 10% downturn in the National Stock Exchange Nifty benchmark. According to … Read more
The July 31 deadline for filing your income tax returns (ITR) is fast approaching. Taxpayers can now pay their taxes online through the e-filing portal. If your tax liability exceeds the TDS (tax deducted at source) paid during the year, you’ll need to settle the outstanding amount. This can be done online through any of … Read more
Taxpayers should note that high-value cash transactions exceeding a specified limit are subject to monitoring by the Income Tax Department. Failure to disclose such transactions in Income Tax Returns (ITR) filing could result in a notification from the tax authorities. Noteworthy cash transactions, such as bank deposits, mutual fund investments, property dealings, and share trading, … Read more
Quant Mutual Fund’s recent probe by the Securities and Exchange Board of India (Sebi) is making its investors a bit edgy. Quant Mutual Fund, a high-growth asset management company (AMC), is one of the top fund managers with Rs 93,000 crore of assets. It was probed for its alleged front-running activity. Front-running is when an … Read more
It’s no secret that systematic investment plans (SIPs) in mutual fund schemes protect investors from market volatility and create wealth over time. However, it is easier said than done. There are many complexities, such as SIP exposure to sectoral funds out of flavor, or under-performing small caps, or large caps schemes , which could lead … Read more
By Amit Grover How Einstein solved difficult problems? He used thought experiments. It’s a tool that uses impossible situations, creates hypnotical scenarios, and tries to think and find solutions. A lot of great thinkers use this method. The purpose of thought experiments is to think wild, push us outside our comfort zone and force us … Read more