Equity benchmarks rebounded strongly as concerns about a US recession diminished, buoyed by the latest economic data. The Nifty index gained over half a percent in today’s trading session, following a 0.13 percent rise in the previous session and a 1.65 percent rally on Friday. ICICI Direct Technical Outlook – Nifty ICICI Direct’s technical analysis … Read more
I am a salaried worker in the private sector. I am interested in saving for my eight-year-old son. I am confused between ULIP and traditional insurance company plans. Please guide me. Please understand the most important principle of investing: never mix protection and investment needs and buy different products for each need separately. You should … Read more
I have turned 50. I have been investing in equity mutual funds for various goals. At what age should I switch from equity to debt? This is a critical question for which different people give different advice. The answer would also vary depending on the specific goal for which specific investments were made and the … Read more
This Independence Day 2024 marks India’s 78th year as an independent nation, after earning a hard-won victory against the English forces in 1947. As we celebrate this momentous occasion by unfurling the tricolour, and proudly voicing the National Anthem, we must also consider how far the country has come, in its post-independence journey. For the … Read more
We’re back in a small town called Chanderi, and this time the town is haunted by a headless monster who’s kidnapping young women who are smarter than what’s socially acceptable. Did you scratch your head to say, ‘Whaaa…?!’ Pankaj Tripathi who plays Rudra Bhaiyya is here to help: Are you a woman who prefers to … Read more
India is celebrating its 78th Independence Day tomorrow.This Independence Day is a good time for you to take concrete measures to be debt-free. When the debt level is exorbitant, it not only puts your wealth creation plan in jeopardy but also whittles away a sizeable part of your income in the form of interest. Let … Read more
HDFC Mutual Fund has launched NIFTY500 Multicap 50:25:25 Index Fund which was opened for subscription on August 6 and will remain open till August 20. There are options of regular and direct plans with each plan offering growth options only. This index comprises all companies that are part of Nifty500 index with allocations to large cap, mid … Read more
The recent amendment to the Finance Bill, which offers the choice of a 20% LTCG tax with indexation or a 12.5% tax without indexation for property deals before 23 July, is a welcome change. This move marks a U-turn from the finance minister’s announcement in the Budget 2024 to remove indexation. However, the amendment should … Read more
The budget has brought in some major changes in taxation which would impact individuals. People may make some knee-jerk decisions as a quick reaction to the tax announcements and this article tends to suggest the do’s and don’ts to help people to avoid unwise actions. Before even getting into any specifics, regardless of changes in … Read more
On July 23, 2024, Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Parliament, announcing modifications to direct taxes. One notable highlight of the Union Budget 2024-25 is the 50% rise in the standard deduction, now up to ₹75,000. This is a beneficial move for salaried taxpayers, particularly those choosing the new tax … Read more