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Source: Live Mint This move aims to encourage first-time investors, particularly from low-income segments and underserved regions, to participate in mutual fund investments. Despite the mutual fund industry’s robust growth, a significant market remains untapped, offering immense potential for expansion. Untapped potential The country’s mutual fund industry has witnessed exponential growth in recent years. Total…
Source: Live Mint I purchased a flat worth ₹50,00,000 on 15/4/2024, against which I took a home loan. On 15/10/2024, I sold my 10 years of commercial property for ₹45,00,000. So, to get long-term capital gain tax exemption, is it necessary to repay the home loan amount from the money I got from selling the…
Source: Live Mint It can be a smart financial decision to repay a personal loan early for saving interest costs and obtaining the independence of debt earlier. Here we will take you through the foreclosure procedure in case you have an Axis Bank personal loan and think about it. It will make this process simple…
Source: Live Mint For the majority of us, the promise of consistent profits and long-term financial progress motivates us to invest in mutual funds. One of the least discussed cons, however, is a seemingly simple investment option that may just be shaving off your profits unnoticed: mutual fund fees. In India, where mutual funds are…
Source: Live Mint The Senior Citizens Savings Scheme (SCSS) is a government-backed savings initiative tailored for senior citizens to ensure a secure and regular income post-retirement. With guaranteed returns, tax benefits, and a straightforward process, it is one of the most reliable financial tools available for retired individuals in India. This scheme is available through…
Source: Live Mint If you are looking for a credit card which not only meets your shopping needs while enabling you meet a healthy lifestyle at the same time, then you may want to explore one of the lifestyle credit card options given by SBI Card. A lifestyle credit card is meant to meet a…
Source: Live Mint Bankruptcy is a consequence of financial distresses like job losses, business losses, loss of wealth. Bankruptcy impacts one’s credit score immensely, generally the credit score also drops by 100-200 points or even more depending on case to case basis. What happens after bankruptcy? The bankruptcy record once it is marked stays on…
Source: Live Mint In the Union Budget 2025, Finance Minister Nirmala Sitharaman mentioned that the ‘nil income tax’ slab would be raised to ₹12 lakh; however, it is often misunderstood as a tax exemption or tax deduction. Here’s what it really means. What did FM Nirmala Sitharaman say? “To taxpayers up to Rs12 lakh of…
Source: Live Mint If you have short-term financial goals and aspire to invest in a low risk mutual fund, then there are specific categories of the same designed to ensure capital conservation and liquidity during tough times. These funds generally invest in low risk instruments for example: treasury bills, money market securities among other similar…
Source: Live Mint Golf is often considered an elite sport, with its association to luxury and leisure. For many, enjoying a round of golf or taking lessons at premium courses can seem like an expensive affair. However, with the rise of credit cards offering golf-related benefits, golfing has become more accessible. Indian credit cards now…
