Zayed Khan, known for his early 2000s breakout role in Main Hoon Na, recently opened up about financial discipline in the unpredictable world of Bollywood. In an interview to Zoom, Zayed addressed speculation about his net worth being over Rs 1,500 crore and shared his approach to securing financial stability amidst the ups and downs … Read more
Sovereign Gold Bonds (SGBs) are currently trading at a premium over their reference prices on exchanges, driven by their tax benefits and attractive coupon rates. With speculation over new issuances in the future, these listed bonds have seen increased demand. By mid-August 2024, the top 15 most liquid SGB series were closing 8% higher than … Read more
Hemant Rustagi, CEO, Wiseinvest, says that despite mutual funds and other options being there, some investors go for very conservative options for their children’s education thinking that this is one of the most important goals and they would not like to take any risk on that money. Maybe NPS Vatsalya will add one more option. … Read more
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
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
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
Random investing should be avoided because it is non-customised and leads to failure to achieve financial goals. Make sure that you invest based on a process that has your financial goals at the forefront at all times Source link
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
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
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