The FinTech Hub
Source: Live Mint A credit score of 650 is treated as a ‘fair’ score in India by leading credit bureaus. Now given it is not the worst still it can limit access to prime financial products such as premium credit cards or personal loans on low interest rates. As a norm, according to top tier…
Source: Live Mint Equitas Small Finance Bank (SFB), is one of the nation’s leading financial institutions. It has a market capitalisation of ₹7397 crore. This bank provides several offers on a wide range of credit cards. These credit cards are designed to meet various financial needs and aspirations of credit card holders such as health…
Source: Live Mint I have claimed business losses two years ago under the old tax regime. I carried them forward in my last year Income Tax Return (ITR), again under the old regime. In the current assessment year, I am planning to switch to the new regime. Can I carry forward the losses reported in…
Source: Live Mint Over the past 12 months, Parekh has been allocating to hybrid funds (which invest in a combination of low-correlated assets) such as equity savings funds and multi-asset funds, as market valuations have been expensive. His portfolio’s allocation to hybrid funds has risen from 26% last year to 34%, Parekh shared in an…
Source: Live Mint With these numbers, India stands at the precipice of its largest intergenerational wealth transfer. Over the coming decades, trillions of rupees will shift hands as family businesses, assets, and investments transition from the first-generation wealth creators to their heirs. Yet, despite this seismic economic shift, most wealthy Indian families remain woefully unprepared….
Source: Live Mint The travel and tourism industry has grown rapidly in the last few years. Taking note of the travel boom, some banks have partnered with airline and hotel programs to provide their credit cardholders with a reward points redemption option. Banks like HDFC Bank, Axis Bank, American Express, etc., have multiple airline and…
Source: Live Mint Have small cap mutual funds become any safer now? The latest stress test, it appears, doesn’t reflect that. The test for March indicates that it will take as long as 25-57 days to liquidate 50 per cent of the portfolio of high-risk small cap mutual funds. Most of these schemes have anywhere…
Source: Live Mint After being on a downswing for nearly six months, stock markets have started to rise again. The overall benchmark indices, Nifty 50 and Sensex, spiked over the last four trading sessions (up to Thursday), with the former rising 6.5 per cent and the latter 6.4 per cent during this period. Although trade…
Source: Live Mint UCITS offer a tax-efficient, transparent, and liquid pathway to global markets—without the downsides of directly investing in US securities. Mint breaks down what UCITS are, how they work, and why they matter. “UCITS are essentially pooled investment vehicles,” explains Lovaii Navlakhi, managing director & CEO of International Money Matters, a firm offering…
Source: Live Mint The problem of growing credit card debt is not limited to the general public. Even employees of the US federal government face the same issue – at least, that’s what DOGE, a government audit body reportedly conceived by Tesla and SpaceX CEO Elon Musk, has confirmed. Recently, the official social media handle…
