[ad_1] Known for his aggressive investments directly in stocks and small- and mid-cap mutual funds, Kumar is now seeking a more balanced and goal-oriented portfolio. “During the pandemic, my stock portfolio took a significant hit, and some of the stocks never fully recovered. I don’t want to face such a situation again as I work…
[ad_1] Fixed-income investments such as fixed deposit (FD) interest, bond interest, and debt mutual funds are typically taxed at the marginal rate (slab rate). The 2023 budget had abolished the benefit of long-term capital gains tax or LTCG for debt mutual funds. However, there’s a notable exception in the tax system for certain bond transactions….
[ad_1] Forced to rebuild from scratch, the Mumbai-based couple, now in their early 50s, navigated corporate comebacks and personal sacrifices to stand as a testament to the power of perseverance and being financially savvy. Today, they believe that true wealth lies not just in earning, but in managing what you have. Early life With a…
[ad_1] I wish to diversify my investment portfolio to align with my long-term financial goals. At 40, I have a monthly income of â‚ą3 lakh, and expenses of â‚ą1.5 lakh. I invest â‚ą1 lakh per month in small, mid, and large-cap index funds through systematic investments plans (SIPs). My portfolio includes â‚ą2.85 crore in mutual…
[ad_1] Companies reward shareholders by way of dividend payment or share buybacks. Both are done from tax-paid reserves and company profits. Such payments not only reward shareholders, but are also used as tools of wealth distribution and efficient allocation of capital. For example, a company that’s in a mature businessmay not find viable opportunities to…
[ad_1] MUMBAI : Portfolio Management Services (PMS) are navigating new challenges after the Union Budget for 2024-25 increased capital gains tax rates. The budget raised the short-term capital gains (STCG) tax rate to 20% from 15%, impacting PMS investors who face higher taxes if a stock is sold within 12 months of purchase. This tax…
[ad_1] Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend to steer towards investments. This relative of mine told me that he is investing â‚ą1.5 lakh yearly in the Sukanya Samriddhi Yojana account for his daughter’s future. I asked…
[ad_1] Finance Minister Nirmala Sitharaman’s announcement to hike taxes on short-term capital gains has sparked debate among financial experts, raising crucial questions about its potential impact on investor sentiment, the relative appeal of various asset classes, and the long-term implications for the growth and development of India’s mutual fund sector. Experts weigh in on the…
[ad_1] Thanks to the new tax regime which has done away with most exemptions and deductions, taxpayers are now redefining the way they tend to invest and save their income tax. One of the popular investment schemes among retail investors who want to save tax include Equity Linked Savings Scheme (ELSS) which enables investors to…
[ad_1] Venkateswaran (popularly known as Venkat) worked at HDFC Bank before moving to Banyan Tree Advisors, a PMS provider in Bengaluru,and expanding their business significantly. He launched Pygmalion Renaissance in 2018. By this time, many of his long-standing clients from his time at HDFC Bank and Banyan Tree wanted more holistic financial guidance. Today, Venkat’s…
