The FinTech Hub
Source: Live Mint The recently announced budget introduced significant personal finance changes impacting taxpayers and investors. One of the key updates involved Unit Linked Insurance Plans (ULIPs). It has been clarified by the Finance Ministry that if the annual premium exceeds ₹2.5 lakhs the redemption becomes subject to capital gains tax. ULIPs that are held for…
Source: Live Mint Union Budget 2025: The budget has introduced immense clarity on the tax treatment of the Unit Linked Insurance Policies. Specifically those ULIP’s that don’t fall or qualify for the exemptions provided under Section Section 10(10D) of the Income Tax Act. What are ULIPs? A Unit Linked Insurance Plan (ULIP) joins investment and…
Source: Live Mint Read this | Can a high sum-assured Ulip offer better cover, returns? An index fund typically tracks a broad index, like the Nifty50 or NiftyNext50, without the need for an active fund manager to pick stocks. However, some index funds are designed with specific rules—known as “factors”—such as value, momentum, or growth,…
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 My daughter is 21 years old, dependent and has no income of her own. She has been studying in the USA since 2022 and is thus an NRI. She has a savings bank account in India, a PAN and an Aadhaar. I understand NRIs cannot avail of any items under section 80C,…
Source: Live Mint A key takeaway from the September quarter (Q2FY25) earnings of HDFC Life Insurance Company Ltd is that pressure on value of new business (VNB) margin continues. VNB margin came in at 24.4% in Q2FY25, down sequentially and year-on-year. An analysis of the annualised premium equivalent (APE) for Q2FY25 shows the adverse new…
