The FinTech Hub
Source: Live Mint Imagine you’re shopping for shoes on Amazon. You start with thousands of options but gradually narrow your search using filters like category, colour, size and material until you find the perfect pair. This process mirrors the concept of factor investing: using specific criteria, or factors, to filter and select investments. What are…
Source: Live Mint A flexi personal loan is similar to a credit card, it is a flexible financial tool. Instead of receiving a lump sum payment, borrowers are given a pre-approved credit limit that they can use as needed. This strategy offers flexibility in borrowing and repayment, which makes it a great option for handling…
Source: Live Mint Portfolio rebalancing is a crucial investment strategy that helps investors maintain their desired asset allocation over time. It involves adjusting the holdings in your portfolio by buying or selling assets to return to the original target allocations. This process plays a key role in managing risk, improving returns, and ensuring that a…
Source: Live Mint The financial market is brimming with investment options, each with its own set of risks and rewards. However, not all financial products are worth your investment. Some carry high fees, hidden risks, or offer poor returns, making them more harmful than beneficial. In this blog, we will explore five financial products you…
Source: Live Mint Will the old tax regime be scrapped? No official announcements indicate that the government will abolish the old tax regime. However, discussions about its future have been ongoing. The new tax regime was introduced in the 2020 Union Budget, offering lower tax rates but without the exemptions and deductions available under the…
Source: Live Mint Credit card and banking related frauds have been on the rise. Despite the efforts of regulators such as the RBI (Reserve Bank of India), fraudsters have found ingenious ways to cheat unsuspecting individuals. So, what is the liability of the customer in such cases? If you report it within three days, you…
Source: Live Mint For instance, if assets are gifted to a spouse, any income generated from those assets will be clubbed with the income of the person who originally owned the asset. In the case of a minor child, any income generated from those assets will be clubbed with the income of the highest-earning family…
Source: Live Mint The year 2024 saw the launch of 200 new fund offers (NFOs) with September and October contributing 50 schemes. It is common among retail investors to invest in a new fund offer since they assume that the price at which a scheme is available is invariably tempting. However, this is often not…
Source: Live Mint Improving your credit score can take a long time based on your current score, financial habits, and the specific actions you take. You can take an appropriate action based on the goal i.e., whether you want to improve your credit score in the short term, medium term or long term. Short-Term Improvements…
Source: Live Mint If you’ve opted for the old income tax regime and are looking to make tax-saving investments, it’s essential first to determine the required investment amount. According to Personal Finance experts, taxpayers must consider options like the Employees’ Provident Fund, life insurance premiums, tuition fees, home loan principal repayments, etc., which qualify for…
