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Source: Live Mint I used up ₹3 lakh from my emergency fund last year. I now earn ₹80,000 per month— ₹60,000 goes toward living expenses and ₹20,000 into SIPs. What’s a realistic way to rebuild my emergency fund without stopping my investments? What portion of my income should I target? Should I use sweep-in FDs…
Source: Live Mint Adjusting education portfolio Shenoy had started making investments for his son’s education goal in 2017. As mentioned, the expected goal was domestic education at the beginning. He started investing for the goal from his PMS in 2019. He assumed weighted average returns of 12.2% from a 60:40 equity:debt portfolio, which was part…
Source: Live Mint At this point Shenoy happened to find out about FinRight, a provident fund (PF) consulting startup founded by Mumbai-based Amey Kanekar, on LinkedIn. “I immediately reached out to them. It took them only three-four months to get it all sorted against a fee of ₹10,000-20,000,” he said. Ramya Lakshmanan has a similar…
Source: Live Mint My son is autistic and his UDID card mentions 25% disability. What tax benefits am I eligible for? Is it true that the clubbing provision doesn’t apply to special children? Also, how can I set up a trust for his future? – Name withheld on request. Since your son is diagnosed with…
Source: Live Mint This ability to dynamically balance risk and reward makes them particularly attractive to moderate-risk investors looking for inflation-beating, tax-efficient returns, without the need to time the market. Historical data reveals that dynamic asset allocation funds (DAAFs) have offered strong downside protection, relatively low volatility, and consistent returns, especially appealing for moderate-risk investors….
Source: Live Mint I have bought a residential property with my wife by taking a joint home loan. I am the only one repaying the loan. We have let out this house. The rental agreement is made in the name of my wife, and the rent is credited to my wife’s bank account. We stay…
Source: Live Mint Catch all the Instant Personal Loan, Business Loan, Business News, Money news, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Business NewsMoneyPersonal FinanceEPFO ratifies interest rate at 8.25% on employees provident fund deposits for FY25 Read Full Article
Source: Live Mint The Employees Provident Fund Organisation (EPFO) introduced several reforms in 2025 to simplify and digitise the process. Here are the five most significant changes made by EPFO this year. Digitisation of the joint declaration process EPFO has digitised the joint declaration process from 16 January 2025 onwards. By linking the Universal Account…
Source: Live Mint As wedding related expenses continue to rise in the country, many couples are actively exploring financial resolutions to manage costs efficiently. ICICI Bank provides for marriage loans, to help aspirational borrowers in helping them meet various wedding related expenses from venue booking to attire, catering etc. What is a marriage loan? A…
Source: Live Mint The Flipkart Axis Bank Credit Card is one of the most popular credit cards in the cashback category. Some other credit cards in this category include the Cashback SBI Card, Amazon Pay ICICI Bank Credit Card, HSBC Live+ Credit Card, Swiggy HDFC Bank Credit Card, etc. The USP of these cards is…
