The FinTech Hub
Source: Live Mint I am a non-resident Indian (NRI) residing in Abu Dhabi for many years. I sold my residential property in India at a loss during 2021-22 and filed my income tax return (ITR) well within the due date. However, I have not filed my ITR for 2022-23 since I barely had any taxable…
Source: Live Mint Pravin Singh, a 33-year-old data scientist, embodies this transformation. For the past two years, Singh has given up the concept of a permanent home, moving between remote co-living, co-working spaces across India and abroad. One month he’s working by the Ping River in Chiang Mai, Thailand, the next in a secluded corner…
Source: Live Mint Starting 1 November, insiders in mutual fund companies, including asset management company (AMC) executives, trustees, and their immediate relatives, will be subject to the same stringent rules that govern trades in listed securities. This is the first time mutual funds will be regulated under insider trading rules, ensuring that those with access…
Source: Live Mint If you have missed the credit card payment deadline, you will be liable to pay an interest rate on the outstanding amount. The interest is usually high (between 2.5 to 4 per cent) and charged on a monthly basis. It is worth remembering that interest starts not from the due date of…
Source: Live Mint I’ve retired at 60 with a corpus of ₹4.3 crore and my monthly expenses are ₹2 lakh. With a life expectancy of 85, how should I invest to maintain steady income while preserving my corpus? I am considering real estate, high-dividend stocks, and systematic withdrawal plans (SWPs). How can I diversify to…
Source: Live Mint If you are new to the credit card universe, it is important for you to know that one of the key incentives for most users while applying for a credit card is to avail credit card rewards program. For those who are unaware, credit card rewards programs are incentives offered by the…
Source: Live Mint Amit Upadhyaya, a Pune-based corporate executive, has achieved financial independence at age 46. Despite working for a French multinational (Dassault Systemes) for two decades, Upadhyaya does not credit his wealth to a high corporate salary or employee stock options. He sees it as the outcome of investing in the right stocks and…
Source: Live Mint The investment world rarely stands still. For instance, because of the taxation reforms, the once-reliable compass of debt mutual funds now points to uncertain territory, leaving high-net-worth individuals (HNIs) scrambling to rethink their investment strategies. The question now isn’t whether to adapt but how to do so effectively. This requires a thoughtful…
Source: Live Mint This Diwali, if you are contemplating investing into gold, then remember that you do not necessarily have to buy it in the physical form. There are a few options to buy virtual gold which will not only enable you to earn the upside on gold, but will also spare you from worrying…
Source: Live Mint If you are looking to invest in small savings instruments, it is vital to know that different financial instruments offer varied interest rates. These instruments are meant for investors who are looking for safe saving options. These financial instruments give assured returns and also enable income tax exemption up to ₹1.5 lakh…
