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Source: Live Mint The credit card sector is reporting a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm, reports ANI. The report gives insights into the credit card segment for January 2025, showing a decline in total spending and a drop in the number…
Source: Live Mint UTI Nifty Index Fund, India’s oldest Nifty 50 index fund, turned 25 this March. Since its launch in 2000, it has delivered a return of 11.51%, which means a sum of ₹10 lakh invested at its launch would have grown to approximately ₹1.5 crore today. While this return is commendable, active large-cap…
Source: Live Mint If you want to invest in tax saving instruments such as PPF, NSC, SSY and NPS, it is important to do it within the right timeframe. Those taxpayers who want to claim tax benefits for financial year 2024-25 must do it before March 31, 2025., failing which they will not be able to claim…
Source: Live Mint As India goes digital in payments, virtual credit cards are being touted as a secure and convenient substitute for the trustworthy much used older cards. These credit cards make the process of payment more seamless and easier for users and ensure that the entire transaction remains secure, digital and swift. Still, are…
Source: Live Mint At the time of opening a fixed deposit (FD), it is advisable to compare the interest rates offered by different banks. Importantly, some banks have started to slash their rates in the wake of RBI cutting benchmark repo rate after nearly five-year hiatus. Even a tiny difference – say of 50 basis…
Source: Live Mint In today’s digital age, small personal loans are a very popular source of finance for people who want money at a short interval of time. Simple online processes and fewer documents are helping these loans revolutionise borrowing money. What are small personal loans? Small personal loans offer instant approval with minimal paperwork….
Source: Live Mint Her first brush with the stock market wasn’t smooth due to the Harshad Mehta scam. She and her husband, Sandeep Shaligram (60), suffered massive losses in the infamous Harshad Mehta scam. “The Harshad Mehta boom motivated a lot of young couples like us to invest in stocks, but the scam and the…
Source: Live Mint A personal loan is quite different from other variants of loans. Unlike other loans such as a house loan or a car loan, a personal loan is an unsecured loan. Rate of interest charged on personal loan is usually higher than that of other loans and it does not require a collateral from…
Source: Live Mint While these numbers signal progress, the question remains—are women truly building wealth, or are these just the first steps toward financial independence? Many Indian women still face two major roadblocks to wealth creation—saving enough and making tough investment decisions. Juggling multiple responsibilities often makes it challenging for women to save effectively. However,…
Source: Live Mint Usually when a personal loan is disbursed, the loan seeker is free to use the money for anything s/he wishes to. Unlike home loan repayment, personal loan borrowers are not given any income tax benefit. However, this rule is subject to certain exceptions. One can claim income tax benefits on interest paid when the…
