As you are aware that the Union Government is set to roll out the Unified Pension System (UPS) from April 1, 2025 to give fixed, inflation-linked pensions to subscribers. As of now, the scheme is meant only for 23 lakh central government employees and the state government employees are permitted to opt for them. Wealth … 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
The current stock market boom has instilled a sense of euphoria in investors as their net worth soars alongside rising stock prices. However, this wave of optimism can easily breed complacency and overconfidence, making it crucial to remain cautious in such markets. Humans are uniquely prone to getting swept away during extreme times—after all, we … Read more
The Union budget for 2024-25 has proposed several changes in the capital gains tax structure, some of which are surprising moves that the mutual fund industry and the wider market community were not prepared for. One of the most significant was the hike in long-term capital gains tax from 10% to 12.5%. The budget’s proposal … Read more
Abhimanyu is a smart trader who trades everything from crypto to derivatives to international stocks. He has made a fortune since he started during covid-19. In his early 20s, his colleague in the US introduced him to the financial markets. Abhimanyu used to work for a US firm, The covid-19 lockdown made him work from … Read more
For a lay investor, it is understandable to opt for equity for wealth creation and fixed income instruments for assured returns. But what would you do if you want considerable wealth creation along with safety of funds? One advisable way is to opt for hybrid mutual funds, which invest in a mix of debt and … Read more