Year:

Mutual funds are among the favourite investment options for many retail investors in India. They are known for the benefits of diversification and their tax-friendly investment options that could provide greater returns than fixed deposits, especially if you come under the highest income tax bracket. When the interest you earn is fully taxed, the remaining 5.3% to 6.3% returns would not be so significant considering the inflation rate in India. So, how does income tax on mutual funds in India work? And is there an income tax on mutual fund redemption? Actually, there are two ways in which mutual funds provide returns to their investors — capital gain and dividends. And for both, the tax treatment is different. Taxation on dividend According to the Union Budget 2020 amendments, dividends

There are several asset classes to consider when investing. These include stocks, real estate, gold, fixed income securities, and more. In India, increasingly now, investors are focusing more on stocks either by directly investing in equity or by investing in mutual funds and Exchange Traded Funds (ETFs). However, be it any investment instrument, the sole purpose behind investments is the expected returns from it. People invest their money to fetch returns on it and to see it multiply in value over the years so that they can meet their financial goals and build wealth. So, it’s crucial to know how to evaluate the possible returns on a particular investment before putting your money towards it. In the investing world, this is termed as Return on Investment (ROI). How is ROI usually comput

Life is unpredictable and term insurance plans protect your family against the uncertainties of life. While most of us understand that a term plan is necessary, many often forget the importance of taking life insurance early in their life. In your 20s, when you are just starting out on your adulthood, it might seem like an unfortunate event is far away. But life is uncertain and being well-insured can help you protect your loved ones financially. What is term insurance? A term life insurance is a policy that will help you keep your family financially safe, even in your absence. A term plan gives the beneficiary financial aid in case of an untimely expiration of the insured, during the term period. Benefits of starting early Life term insurances are often associated with people in thei

While home loans can help you buy your dream house, they can significantly affect your finances. A home loan EMI can consume a large part of your monthly income. Therefore, before you apply for home loan, you must check your affordability to avail a comfortable loan amount. An EMI calculator can help you do so. With an EMI calculator, you can check your affordability and find out your loan EMI and total cost of borrowing. What is a home loan EMI calculator? A home loan EMI calculator is an online tool that helps you calculate your EMI before applying for a loan. This tool is useful to calculate your affordability so that you can comfortably pay the loan you avail. To use a home loan calculator, you need to input your tenure, interest rate, and loan amount in the space provided or use the