Taxpayers’ charter: Know your 5 key rights and obligations

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Prime Minster Narendra Modi on Thursday unveiled the taxpayers’ charter, which spells out the Income Tax (I-T) department’s commitments to taxpayers as well as expectations from them. Finance Minister Nirmala Sitharaman had announced that the charter was in the works during Union Budget 2020. Here are your key rights and duties under charter. Income tax department’s commitments … Read more

Tip of the day-Aug 14,2020

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Put 9-12 months’ worth of expenses in an emergency fund for unforeseen circumstances. This money is not to be used for any investment. It’s only for overcoming any unexpected emergencies in the future.

Which are the best mutual funds for a new investor?

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I am a 19-year-old college student. I am a freelance writer, and I make small amounts of money. I’m thinking of investing it in mutual funds. I am thinking of investing through Kuvera. I have come across funds like ICICI Prudential US Bluechip Fund, Parag Parikh Long Term Equity Fund, Franklin Feeder US, etc. I am … Read more

Difference between Credit Score and CIBIL

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The credit score is an important metric used by lenders to evaluate a potential borrower’s creditworthiness. TransUnion CIBIL is one of four credit rating agencies in India. Other bureaus include Experian, CRIF High Mark and Equifax. Here is a look at the difference between Credit score and CIBIL, as per details available on the CIBIL website. What is CIBIL? … Read more

4 tools useful in personal finance

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Managing personal finances is a time taking task, where one needs to take care of the income, expenses, inflation, taxes, financial goals, investments, compounding and other such important aspects. There are several online tools that can help one with these calculations. Let’s check some of the online tools that can help calculate and cross check … Read more

Bank FDs now fetch less than savings accounts

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  It no longer pays to keep your money locked up in a bank. Fixed deposit (FD) rates have plummeted in recent months, with short-term rates now hovering very close to or below savings account rates for some banks. Surplus liquidity and sluggish credit growth have forced banks to cut rates of both short-term and long-term deposits, and made savers … Read more

What is a Fund of Funds or FoF?

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A Fund of Funds or FoF invests in mutual fund schemes. A regular mutual fund scheme or fund collects money from investors and invest the money in stocks or debt based on its mandate. A FoF, on the other, collects money from investors and invest it in other mutual fund schemes. These mutual fund schemes can be within the … Read more

Gold will remain a preferred monetary asset for years to come

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The world is facing a crisis of lives and livelihoods that seems to be compounding with every passing day. Distressing statistics of Covid-19 fatalities and mounting unemployment pop up on our TV and mobile screens. And yet financial markets seem to signal that “all is well”. Well, this is a classic case of treating the symptom, and … Read more

8 tips from value investor Guy Spier for success in investing

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Zurich-based value investor Guy Spier says the secret of becoming a successful value investor lies in leading an ethically sound life by making morally correct investment decisions, which in turn would bring financial success. Spier says if investors can surround themselves with people with a positive attitude and work on becoming more self-aware, they inevitably become not … Read more