The investment landscape for high net-worth individuals (HNIs) is buzzing with action. Many asset management companies have introduced innovative schemes of portfolio management services (PMS) and Alternative Investment Funds (AIFs) to help HNIs diversify their investments. Fund managers of such PMS & AIF try to ensure the risk-reward ratio is favourable and tailor-made for investors …
A mutual fund is a particular kind of investment vehicle where the fund is run by a professional investment manager who gathers money from investors and allocates it towards stocks, bonds, or other securities to generate capital appreciation to create wealth. Diversification and the SIP option, which allow investors to build long-term wealth, are two …
CA Arpit Jain, Joint MD, Arihant Capital Following the recent amendment to the Finance Bill 2023, long-term capital gains from debt, gold, and foreign equity mutual funds will cease to enjoy the indexation facility. This taxation will be effective from 1st April 2023. The good news is, you still have a small window of opportunity …
NEW DELHI : In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30 June, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions. Under the provisions of the Income-tax Act, 1961, every person who has …
Last date for linking of PAN-Aadhaar extended to 30 June .. indiabusinessport.com Read More »
Home loan buyers have borne the brunt of the back-to-back RBI rate hikes to curb rising inflation in India. For the last two years, home loans have become more expensive for new entrants and also for existing borrowers. The burden of expensive home loans has been passed on to the borrowers either in the form …
I reside in Pune and own a 2018 Maruti Alto. My insurance policy expired on 20 January while I was out of the country and I have never filed a claim in the past. I want to retain my benefits while keeping the same coverage. What do you advise? —Pranay Pranay, since you have had …
How can I retain my car insurance policy? .. indiabusinessport.com Read More »
In a recent research note, ICICI Securities pointed out that home prices had risen by around 7% between December 2021 and December 2022, after remaining stagnant from 2017-18 to 2021-22. Along with this, home loan interest rates have risen from around 6.5% from a year back to around 9% now. One year back, the equated …
It’s best to avoid homes under construction .. indiabusinessport.com Read More »
All that glitters is gold, particularly now that gains from debt funds, irrespective of the holding period, is set to be taxed as short-term capital gains from 1 April. Currently, debt funds attract capital gains tax of 20% with indexation benefit if held for more than 36 months. From April, investments in mutual funds with …
Investment in physical form of gold is more tax-efficient now .. indiabusinessport.com Read More »
The government has done away with long term capital gains tax on debt mutual funds. Any gains on debt mutual funds purchased after 1 April will be treated as short term capital gains, regardless of the holding period. The earlier favourable regime of 20% tax with the benefit of indexation for debt funds held longer …
Should you use hybrid funds to offset the new debt fund tax? .. indiabusinessport.com Read More »
The carrying out, and management of marketing initiatives across several nations or areas of the world from one domestic country is referred to as international marketing. With the purpose of containing inflation, the Reserve Bank of India (RBI) has been hiking benchmark rates since May 2022. During its most recent policy meeting in February, the …
