Asset management companies (AMCs) in Gift City, Ahmedabad, are set for a major boost following a crucial regulatory change by the Securities and Exchange Board of India (Sebi). By eliminating the restrictive 50% cap on investments from Indians abroad in India-focused funds, Sebi has removed a significant hurdle that has long impeded the growth potential…
As the deadline for filing ITR, 31 July 2024, approaches, several significant financial deadlines and regulatory changes are set to take effect. Here are some crucial last dates to remember. Key Deadlines: July 1, 2024: Changes to SBI Card credit card rules and ICICI Bank credit card charges become effective. July 15, 2024: Completion of…
Personal Loan Rates: Over the past few months several private lenders such as ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and Axis Bank had increased interest rates on personal loans (PLs) after the Reserve Bank of India (RBI) had deemed them as riskier in November 2023, said a report by the Economic Times. Citing data…
I invested in sovereign gold bonds (SGBs) in FY16 and received the maturity proceeds in FY24. According to the terms, the proceeds are exempt from long-term capital gains tax if redeemed on maturity. My question is: Am I required to declare my earnings from these bonds in my ITR2 for AY25? If so, where? I…
In the world of investment, optimism is often touted as a key ingredient for success. The belief in a brighter future can drive investors to take risks, seize opportunities, and weather market volatility with resilience. However, while optimism can be powerful, investors must balance it with a healthy dose of realism and data driven analysis….
The other day, I took my little one to play in a nearby garden. Kids being naturally curious, he bombarded me with questions about the trees, plants, flowers, and the variety of flora we encountered. As we wandered among the blooms, his questions sparked a chain of thought in my mind. Reflecting on his inquiries,…
Das started his financial planning journey in 2020, but he was not a first-time investor. “I had made my first mutual fund investment in 2012 and kept making investments here and there, even in some stocks. However, I had to withdraw nearly all my investments in 2016 to cover my wife’s medical emergency and make…
Banking has undergone a profound change recently due to the advent of the internet and smartphones, completely transforming how we handle our financial affairs. Banks are increasingly employing smart technologies to enhance the convenience and accessibility of automated teller machine (ATM) withdrawals, particularly for individuals who may prefer alternatives to card-based transactions. Here are a…
In the hurly burly of daily life, we sometimes tend to overlook the essentials; like maintaining your credit score. A decision that may come back to haunt us in the future. Maintaining a good credit score is crucial because it affects loan approvals, and interest rates. “Customers can protect their credit scores by paying EMI…
Estate and succession planning is now a priority for a lot of families and it might not necessarily be restricted strictly to the elite families. It is seen that a lot of families are keen on creating a structure so that their children don’t have to face any issues after they are gone. Swati Saxena,…
