Sebi launches Saa₹thi 2.0 mobile app on personal finance

Sebi launches Saa₹thi 2.0 mobile app on personal finance

Market regulator the Securities and Exchange Board of India (Sebi) launched ‘Saa₹thi 2.0‘ mobile app in Mumbai on Monday. The updated Saa₹thi app has introduced a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts, a Sebi release said. It includes financial calculators, and has modules that introduce and explain KYC procedures, mutual … Read more

Money matters: 7 big financial changes to happen in June. Check details

Money matters: 7 big financial changes to happen in June. Check details

The month of June has started and there are a number of changes related to personal finance, credit cards, income taxes, stock market, and others. To start with, June will see the highly awaited Lok Sabha elections 2024 results that will be announced on June 4. The markets will keenly observe the election results, with … Read more

Colleague invests Rs 5 lakh in floating-rate saving bonds. Are they good, should I do the same?

Colleague invests Rs 5 lakh in floating-rate saving bonds. Are they good, should I do the same?

My colleague recently invested Rs 5 lakh in floating-rate saving bonds. He recommended it to me also. Please advise. J P ShuklaReply by Rajiv Bajaj, Chairman & MD, BajajCapital Ideally, one should not go by anyone’s suggestion rather understand the product first before investing. However, to make you understand, these bonds, issued by the RBI, are … Read more

Home loan interest rates cross 9%; here’s how you can reduce your EMI burden

Home loan interest rates cross 9%; here’s how you can reduce your EMI burden

When you buy a home, you think of securing a favourable interest rate. This matters not only for existing homeowners but also for new buyers. Recently, most financial institutions have seen a significant shift as home loan interest rates have surpassed the 9 percent mark. With the increase in interest rates, homeowners and buyers have … Read more

TCS on overseas credit card spends likely in the next Budget

TCS on overseas credit card spends likely in the next Budget

The centre is in discussions to bring overseas credit card spends above Rs 7 Lakh under the Liberalized Remittance Scheme (LRS), on which a 20% tax could be implemented in the upcoming Union Budget, as per sources in the Ministry of Finance. The rollout of the announcement is expected to happen in Union Budget FY25 … Read more

March 31 is around the corner; don’t invest just to save tax: Harshvardhan Roongta

March 31 is around the corner; don’t invest just to save tax: Harshvardhan Roongta

Harshvardhan Roongta, CFP, Roongta Securities, says “do not invest in any product to save tax. It is not about insurance or any other investment product. You have to look at the merit of that product. You should ask yourself a question any time that you are going to be looking at investing; would you invest … Read more

A product for all seasons? What is NPS’ appeal for millennials and Gen Zers?

A product for all seasons? What is NPS’ appeal for millennials and Gen Zers?

Kurian Jose, CEO, Tata Pension Fund, says PFRDA is working on making pension and retirement products appealing to youth and has introduced investing through QR code. Also, the rules to withdraw money partially from the National Pension System (NPS) were changed starting February 1, 2024, whereby an NPS subscriber is allowed to withdraw from his … Read more

How investors can plan to do income tax planning to avoid the last minute rush

How investors can plan to do income tax planning to avoid the last minute rush

Tax season often brings a frantic rush of investments in tax-saving instruments, but a strategic approach to tax planning can significantly enhance your financial health. This detailed guide will delve into incorporating tax planning into your broader financial strategy, which can result in improved investment choices and, ultimately, wealth accumulation. Understanding the Integration of Tax … Read more

Rate cuts coming? Park your money in longer duration debt funds: Arnav Pandya

Rate cuts coming? Park your money in longer duration debt funds: Arnav Pandya

Arnav Pandya, Founder, Moneyeduschool, says for a longer term, one can slowly start investing into longer duration debt funds because what will happen is that when rates actually come down, these are the ones which will see the highest gains coming into that. So, the question now is when the rates will start getting cut … Read more