The FinTech Hub
Source: Live Mint Q. I am a senior engineer working with a business process outsourcing company in Pune. My wife works in the cybersecurity division of the same company. We have been investing in large-cap mutual funds. For tax savings, we have been investing in the National Pension Scheme. We wanted to explore investing inEquity…
Source: Live Mint The Mahila Samman Savings Certificate (MSSC) is a unique small-savings scheme launched by the Department of Economic Affairs, Ministry of Finance to provide financial security and encourage savings among girls and women in India. Announced in the Union Budget 2023-24, this scheme is aimed at creating a safe and lucrative investment avenue…
Source: Live Mint Q. I am a nurse working with a multispeciality hospital in Ghaziabad. My husband is a tailor, and he has his own boutique in Delhi. We have been investing in large-cap index mutual funds for the past 3 years. We intend to diversify our portfolio, and many of our acquaintances have suggested…
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 Top News SEBI Mandates Evaluations for Market Infrastructure Institutions to Ensure Transparency and Efficiency The Securities and Exchange Board of India has mandated external and internal evaluations for Market Infrastructure Institutions and their statutory committees. This move aims to enhance transparency, governance, and performance efficiency in financial markets. The evaluations will help…
Source: Live Mint Insurance grievances can be frustrating, especially when your claim is rejected, delayed, or unresolved. To help individual policyholders resolve such issues efficiently and cost-effectively, the Government of India introduced the insurance Ombudsman scheme. This impartial mechanism addresses complaints without the need to go to court. Currently, there are 17 insurance Ombudsman offices…
Source: Live Mint In recent years, Buy Now, Pay Later (BNPL) services have gained immense popularity among consumers, offering a convenient way to make purchases and pay for them in the set duration. However, as with any financial product, it’s crucial to understand how BNPL can impact your credit score. In this article, we’ll explore…
Source: Live Mint The Union Budget 2025 is just around the corner, and taxpayers are keeping a close watch. Over the years, the middle class has shouldered a big part of the tax burden, with individual tax collections doubling from ₹4.8 lakh crore in FY21 to ₹10.4 lakh crore in FY24. This year, many are…
Source: Live Mint Top News 1/ SEBI mandates daily disclosure of the Information Ratio (IR) for equity-oriented mutual fund schemes on AMC and AMFI websites. IR measures risk-adjusted returns by comparing portfolio returns to benchmark returns, accounting for volatility. This aims to enhance transparency, aid investor decision-making, and improve scheme performance evaluation. AMFI must ensure…
Source: Live Mint Credit cards, when used wisely, can transform everyday spending into tangible savings and rewards. Some of the best credit cards in India offer up to 15% rewards, alongside benefits like travel perks, cashback, and exclusive deals. However, they can be a double-edged sword—smart usage can unlock incredible value, while misuse may lead…
