The first Union Budget, income-tax filing, changes on your credit cards…the month of July has crucial changes that will impact your personal finances.
In a word, yes, with the caveat that the PPF account has a substantial balance. And make no mistake, accumulating that kind of corpus takes time for the compounding effect to do its magic.
Some experts say homebuyers will be in a better position to take possession of their homes, but many feel it would put buyers at a disadvantage.
Even before the child is born, fathers should start reviewing the family’s household budget, enhance the emergency corpus, make an investment plan for children’s education goals and buy adequate insurance cover for the family, including the child.
The loan amount will depend on the type of mutual funds you offer as security. While you can get about 70-80 percent of the value of your debt funds as a loan, in case of equity funds, you'll get about 50 percent.
The NPS is not very well understood as many people treat it just as a means to maximise tax deductions and reduce the tax payable. The advantages clearly establish that NPS is a worthy contender for some of the allocation towards your retirement portfolio. But, mutual funds should also be used to supplement the retirement corpus as they offer even more flexibility and useful diversification.
Poll outcomes often gnerated volatility, but this unevenness smooths out in time. Ultimately, what counts are financial discipline, a high savings rate, proper asset allocation and the ability to remain invested for the long term.
From evaluating the impact of the Lok Sabha election results, providing a nominee for mutual fund investments and paying the first advance tax installment to filing income-tax returns for financial year 2023-24, a lot is happening in June. Here’s what to watch for.
Ahead of the Lok Sabha election results on June 4, top financial advisors are advising investors to avoid speculative bets and knee-jerk reactions to market movements, and instead focus on their long-term goals and asset allocation
People residing in rural areas will be able to get loans faster despite having bank accounts with smaller or regional rural banks, thanks to the spread of account aggregators, explains Bertram D’Souza, Protean eGov Technologies, in an exclusive interview with Moneycontrol.
Moneycontrol interacted with three children aged 9-14 years to understand their budgeting and investment skills, and how they manage debt. We also asked them what they had learnt from their parents' investing mistakes.