The FinTech Hub
Source: Live Mint Blue-chip stocks vs SME IPOs: Amid the growing excitement surrounding Small and Medium Enterprises (SME) Initial Public Offerings (IPOs), investors are increasingly drawn to the high-growth potential these offerings present. SME IPOs have recently captured significant attention due to their substantial listing day gains. When evaluating investment options for long-term growth, choosing…
Source: Live Mint I made long-term capital gains of Rs. 80 lakhs on selling shares allotted under ESOP in June 2024. Can I put ₹50 lakh in a capital gains bond to claim an exemption under Section 54EC in FY 2024-25 and buy a house for ₹30 lakh during the financial year 25-26 to claim…
Source: Live Mint “Get 12% assured returns on a monthly basis!” “Earn 120% annual returns with zero risk!” These are some of the classic hooks used by fraudsters to lure unsuspecting investors with promises of extraordinary returns. Sadly, these scams often target regions with low financial literacy, like the Northeastern parts of India. Recently, Guwahati…
Source: Live Mint Best FD rates: Fixed Deposits (FDs) are a popular investment option in India due to their safety and guaranteed returns. For investing in FDs, comparing the rates to maximise returns is essential. Here’s a detailed comparison of the top 5 banks offering the highest FD rates, per the latest data from banks’…
Source: Live Mint If you are planning to subscribe to a new credit card, it is recommended to first compare the features of different credit cards offered by a number of banks. These key features include the reward points, eligibility, renewal fee and other benefits such as free lounge access. There could be some features which are…
Source: Live Mint Without a valid Power of Attorney (PoA), parents risk severe financial penalties and legal trouble. A PoA can help them manage their child’s finances legally, offering protection and peace of mind while ensuring compliance with FEMA regulations. Avoid shortcuts, secure a PoA, and keep your family’s finances safe. Avoidable mistakes: Legal risks…
Source: Live Mint Tech professional Samir (name changed) was shocked to receive a tax demand of about ₹1.98 lakh related to his income tax return (ITR) filed for the assessment year 2024-25. According to the intimation 143(1) sent to him, the tax deducted at source or TDS on his salary reported in his form 26AS…
Source: Live Mint At its core, factor investing targets specific characteristics, or “factors,” in stocks that have been shown to deliver returns above what most diversified portfolios achieve. While rooted in rigorous academic research, it’s not just about chasing trends. Ajay, who’s been riding the momentum factor for the past two years and happily counting…
Source: Live Mint I’m planning to return to India after working abroad for 35 years. I have some FCNR deposits. I have been advised to convert them to RFC deposits upon my return. Like FCNR deposit interest, is RFC deposit interest also tax free?—Name withheld on request Returning Indians have the option to convert their…
Source: Live Mint The mutual fund industry saw a notable decrease (43 per cent) in net inflows for the month of August, to ₹1.08 lakh crore against ₹1.89 lakh crore in July. This decline was driven primarily by a significant drop in inflows to the tune of 62 per cebt into debt mutual funds. Despite…
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