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02 Feb '215 Replies
PF taxable from next FY
Continue readingThe Budget 2021 has proposed to restrict tax benefit for the interest income earned on the employees’ contribution to various provident funds for employees whose annual contribution will be more than Rs. 2.50 lakh. This will be applied to all the contributions made from 01st April 2021. “In order to rationalize tax exemption for the […]
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02 Feb '210 Replies
ULIPs may not be attractive!!
Continue readingThe FM has endorsed AMFI’s proposal on bringing tax parity between mutual funds and ULIPs. In the budget 2021 presented on 1st Feb 2021, the government has proposed to remove the tax arbitrage that ULIPs enjoy. The government has proposed that investors can get tax benefits in ULIPs only if the annualized premium is less […]
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02 Feb '214 Replies
Budget 21 Overview
Continue readingNo change in Individual Tax Slabs. An individual taxpayer may select their tax structure between the old regime and the new regime, condition apply. If used new regime, the tax payer has to forego some exemptions and deductions, which may change later. Details of Shares profit / loss, interest from bank and dividend pay-out will […]
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04 Jun '200 Replies
Retirement Corpus – How? How much?
Continue readingFor a comfortable retirement, it’s essential that you start saving early, choose good products, avoid debt and review your retirement plan from time to time. “Retirement is when you Stop living at Work and Start working at Living”. If you are already retired or close to retirement, you need to find a way of generating revenue […]
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07 May '202 Replies
Debt Funds Outlook – aftermath of Franklin Templeton Episode
Continue readingOn 23rd April 2020, one of the global investment leaders Franklin Templeton closed down 6 of its debt funds (some are best sellers for a decade). In light of the severe market dislocation and illiquidity caused by the COVID-19 pandemic, this decision has been taken in order to protect value for investors via a managed […]
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31 Dec '190 Replies
Miracle of Compounding
Continue readingCompounding usually refers to the increasing value of an asset due to the interest earned on both a principal and accumulated interest. A compound interest mechanism is applicable on both assets and liabilities. While compounding enhances the value of an asset more rapidly, it can also increase the amount of money owed on a loan, […]
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07 Oct '190 Replies
Debt Funds – an amazing and Unknown product!
Continue reading“It doesn’t matter if you’re black or white… the only colour that really matters is green.” – Family Guy Aptly said. Money is the most secular thing, a man has ever made. The person, who knows how to use the money, wins the race. Money doesn’t check your degree or religion. It belongs to those […]
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08 Jun '190 Replies
847 Life Insurance Products – REALLY?
Continue readingAs of April 2019, there were 847 life insurance products available in the Indian market. Total of 640 individual products and 207 group insurance products. Only one word comes out after reading this – OMG!! ‘Insurance is a subject matter of solicitation‘, which essentially means that insurance has to be requested or asked for, not sold. This […]
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26 May '1910 Replies
Modi 2.0 to Stock Market – How to Win!
Continue readingA long-awaited result is out yesterday. One of the largest democracies made him a winner once again, but with lots of woes and expectations. Aegis Group congratulates Hon’abe PM Shre Narendra Modi for an undefeated victory. People have been expecting high from him since he was elected PM in 2014 and I suppose he tried […]
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02 Feb '191 Replies
Too many financial products – How to Choose??
Continue readingHi all, almost everyone has one or more life insurance agents in our family or friends circle or in our neighbourhood. They now and then tell us how life insurance is beneficial to us and to our family. Sometimes they bug us and keep on trying to sell policies now and then!! The irony is […]