Gold is gold. No other replacement for the precious metal for ages. Everyone wants to accumulate gold for future use. Are you averse to hold physical gold and looking for alternatives? Maybe digital gold is your ideal choice. Read this post to know about the Government of India’s Sovereign Gold Bond Scheme. What is Sovereign … Read more
The year 2020 has been nothing short of a rollercoaster ride for Mutual Fund investors. We have seen how markets fell by 40% before recovering remarkably by 80%! These fast and furious ups and downs mean that the regulators had to cope with lots of quick policy changes to smoothen the ride of an average … Read more
Gold is associated with an emotional connection for Indians. In fact, India ranks No.1 whereas India doesn’t even figure in the top 10 countries by production. Since time immemorial, Indians have used gold in every important event of their lives. Indians love to hoard gold for use as ornaments during various occasions. However, most of … Read more
Tax loss harvesting or tax harvesting is the process of selling stock or mutual fund units to reduce tax on capital gains. Invested in equity markets (stocks or mutual funds)? Do you know that you can save taxes on gains using tax harvesting? In this post, we will discuss the ins and outs of tax … Read more
Do you have a life insurance policy? Delayed any insurance premium payment? Want to know about the ‘grace period’ for life insurance premium payment? This blogpost has got you covered. Read on. To begin with, you have taken the right step by choosing life insurance. Be it a traditional life insurance scheme (a.k.a ‘LIC Policy’) … Read more
After the recent fiasco of the Lakshmi Vilas bank, the focus has again been shifted again to the safety of bank deposits. In this blog post, we will talk about the bank deposit insurance, the limits up to which you can get insurance for your deposits. Banks are the most vital institutions in any economy … Read more
Reserve Bank of India’s Monetary Policy Committee (MPC) in its December 2020 bi-monthly policy review has kept the key policy rates like Repo rate and reverse repo rate unchanged citing the retail inflation which is still above the comfortable level of 4%. These key policy chages affects your home loan or car loan or even … Read more
Reliance, after a gap of 29 years, has announced a Rights Issue on 30th April, 2020. But most of us do not know what a rights issue is and what are its implications for the retail investor. Before going into the details of rights issue, first let’s understand that a right issue is done … Read more
We have witnessed a rather unprecedented fall in the US crude oil (WTI) prices on April 20th, 2020. This is unprecedented because the US oil prices never traded less than $0 in history. In brief, the US WTI oil prices plunged because the producers ran out of storage to store the oil supplied by them. … Read more
Indians love savings. Savings is the essential driver of our Indian economy. The savings spur investment which is the main driver of demand and thus leading to production which utlimately drives the Indian economy. Having recognised the vital role played by the savings, the Income Tax Department allows certain amount of interest on such savings … Read more