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Is FD a Wealth Destroyer?
Personal Finance 4 min read

Is FD a Wealth Destroyer?

Fixed Deposits are the most trusted investment options among Indian households. Nearly 95% of the Indians prefer to park their idle funds in the FDs. Why? Fixed Deposits offer the lowest returns as compared to other investment avenues. They have a specific lock-in period, and the investor needs to bear a penalty in case of ... Is FD a Wealth Destroyer?

You Will Get Rs 100/day for Unresolved Complaints Beyond 30 Days
Personal Finance 3 min read
You Will Get Rs 100/day for Unresolved Complaints Beyond 30 Days

The Reserve Bank of India released a new circular on October 26, 2023, stating that you will get ₹100 per day if your complaint against credit information companies is not resolved within 30 days. In this article, we will try to understand the implications of this rule. First, let’s understand which organisations are involved in ... You Will Get Rs 100/day for Unresolved Complaints Beyond 30 Days

Does Equity Give You the Profit of Compounding?
Stock Market 3 min read
Does Equity Give You the Profit of Compounding?

One fine day, I chose to invest my savings worth Rs. 1 lakh in a scheme offering me 12% returns per annum. I’ll get the interest credited to my account on the 28th of every month. There is a lock-in period of 3 years, and I can extend my investment until the next 10 years. ... Does Equity Give You the Profit of Compounding?

FD Withdrawal Rules Amended: You Can Now Prematurely Withdraw Upto Rs 1 Cr
Fixed Income 3 min read
FD Withdrawal Rules Amended: You Can Now Prematurely Withdraw Upto Rs 1 Cr

The Reserve Bank of India released a circular on 26th October 2023 stating that all fixed deposits made upto Rs 1 crore can be prematurely withdrawn. This benefit will be available for NRE/NRO term deposits as well. What does this mean? You can withdraw all your fixed deposits up to Rs 1 crore. Before the ... FD Withdrawal Rules Amended: You Can Now Prematurely Withdraw Upto Rs 1 Cr

Fixed Income

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FD Withdrawal Rules Amended: You Can Now Prematurely Withdraw Upto Rs 1 Cr
Fixed Income 3 min read
FD Withdrawal Rules Amended: You Can Now Prematurely Withdraw Upto Rs 1 Cr

The Reserve Bank of India released a circular on 26th October 2023 stating that all fixed deposits made upto Rs 1 crore can be prematurely withdrawn. This benefit will be available for NRE/NRO term deposits as well. What does this mean? You can withdraw all your fixed deposits up to Rs 1 crore. Before the ... FD Withdrawal Rules Amended: You Can Now Prematurely Withdraw Upto Rs 1 Cr

Aditya Birla Finance Limited NCD Public Issue September 2023 Review
Fixed Income 5 min read
Aditya Birla Finance Limited NCD Public Issue September 2023 Review

Aditya Birla Finance Limited is coming up with a public NCD issuance and have filed the prospectus on SEBI. Let’s understand the profile of Aditya Birla Finance Limited & its group. Issuer Aditya Birla Finance Limited Type of Instrument Secured, Rated, Listed, Redeemable, Non-Convertible Debentures Issue Size Rs. 1,000 Crs (Base Issue) + Rs. 1,000 ... Aditya Birla Finance Limited NCD Public Issue September 2023 Review

Muthoot Finance NCD Public Issue Tranche II September 2023 Review
Fixed Income 5 min read
Muthoot Finance NCD Public Issue Tranche II September 2023 Review

About the Issue Muthoot Finance Limited has launched its public issue of NCDs to mobilise funds from the debt market. Read further to know more about the business of Muthoot Finance Limited. Issuer Muthoot Finance Limited Type of Instrument Listed, Secured, Redeemable, Non-Convertible Debentures Issue Size (Shelf prospectus) ₹ 2,600 crores across various tranches Issue ... Muthoot Finance NCD Public Issue Tranche II September 2023 Review

Gold Investment

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Sovereign Gold Bond 2023-24 (Series 2): Price, Benefits, Issue Dates
Gold Investment 11 min read
Sovereign Gold Bond 2023-24 (Series 2): Price, Benefits, Issue Dates

The Sovereign Gold Bond tranche 2023-24 Series 2 has been announced. The Reserve Bank of India (RBI) is set to launch the Sovereign Gold Bond Scheme 2023-24 Series 2 issuance. The primary subscription for these bonds will commence on September 11 and remain open until September 15, 2023. The price will be fixed in INR ... Sovereign Gold Bond 2023-24 (Series 2): Price, Benefits, Issue Dates

What is Digital Gold Investment?
Gold Investment 7 min read
What is Digital Gold Investment?

In the era of digitalization, the need of the hour is to become tech-savvy. The investment mindset of the people in this era attracts investors to invest in the yellow metal in the digital form. The young generation is looking forward to investing in digital gold that gives high returns. Holding gold in the electronic ... What is Digital Gold Investment?

Should I Invest in SGBs or Digital Gold?
Gold Investment 8 min read
Should I Invest in SGBs or Digital Gold?

Gold in India is considered auspicious, as it is bought on auspicious occasions as an investment. With everything going digital, gold has also entered the e-market, one can buy and sell gold on digital platforms without physically owning it. Sovereign Gold Bonds (SGBs) and Digital gold are for those investors who look for diversification across ... Should I Invest in SGBs or Digital Gold?

Mutual funds

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Restrictions on new investments in international mutual funds and ETFs
Mutual funds 6 min read
Restrictions on new investments in international mutual funds and ETFs

There are so many types of investments available in India, Mutual funds and Exchange Traded funds (ETF) are one of them, where mutual fund houses invest various investors’ money into different stocks and securities in various primary and secondary markets, both domestically and internationally. In this article, we will learn about restrictions placed on new ... Restrictions on new investments in international mutual funds and ETFs

Tax Loss Harvesting for Mutual Funds
Mutual funds 8 min read
Tax Loss Harvesting for Mutual Funds

A mutual fund (MF) is a pool of money managed by a professional fund manager. It collects money from several investors and intends to invest its money into various securities like equity shares, bonds, money market instruments, etc. Before 2018, there was no Long-Term Capital Gain tax (LTCG) on the sale of mutual funds, however, ... Tax Loss Harvesting for Mutual Funds

Can Mutual Funds be Pledged?
Mutual funds 6 min read
Can Mutual Funds be Pledged?

At some stage of life, most of us might have encountered a phase where there was a need for funds for unplanned expenses. While we all have come across credit card loans, personal loans, or new-age products like buy now pay later loans (BNPL) but very few know about loans against mutual Funds. Let’s discuss ... Can Mutual Funds be Pledged?

Retirement plan

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What Is Atal Pension Yojana? Rules, Benefits, and Features
Retirement plan 7 min read
What Is Atal Pension Yojana? Rules, Benefits, and Features

The Atal Pension Yojana, which guarantees a retirement pension after the age of 60 years, was introuduced by the Indian government in the Union Budget 2015-16. Named after former Indian Prime Minister late Atal Bihari Vajpayee, this National Pension Scheme (NPS) focuses on bringing workers in the age group of 18 to 40 years under ... What Is Atal Pension Yojana? Rules, Benefits, and Features

Combining/Consolidating Multiple EPF Accounts through UAN
Retirement plan 7 min read
Combining/Consolidating Multiple EPF Accounts through UAN

Job hoppers often forget to transfer their EPF account to the new organization. However, once the EPF contributions stop after leaving an organization, the balance lying in the account won’t fetch any interest after three years. So, to continue getting the interest and to avail tax and EPS benefits, one should consolidate multiple EPF accounts ... Combining/Consolidating Multiple EPF Accounts through UAN

9 Reasons why Retirement Planning is Important
Retirement plan 6 min read
9 Reasons why Retirement Planning is Important for you

Retirement planning is defined as an early financial preparation that will help you live a stress-free life in your post-retirement journey. It’s evident that everyone has to retire one day, but that does not mean you cannot have life goals after that. Thus, to fulfil these goals and live comfortably post-retirement, retirement planning is essential.  ... 9 Reasons why Retirement Planning is Important for you