Magic of Diversification for your wealth creation! Let’s know how?
For many years, both foreign and domestic investors have found investing in India to be an alluring opportunity. India presents a plethora of chances in diverse areas due to its…
Cryptocurrency Taxation Rule as per Budget 2022
The Budget 2022 announced the taxation aspect of the cryptocurrency (Virtual Digital Assets as announced in the Budget). Taxation of Virtual Digital Assets seems to be a stepping stone towards the regularisation and legalisation of all the cryptocurrencies in India. Our Finance Minister Nirmala Sitaraman announced a number of aspects pertaining to the cryptocurrency taxation.
How to Buy Government Bonds (G-Sec) on the RBI Retail Direct?
The RBI’s “Retail Direct Scheme” provides a one-stop solution to retail investors to facilitate investment in G-Sec. A retail investor can open a Gilt Securities Account – “Retail Direct Gilt (RDG)” account with RBI and using this account, he/she can buy and sell government securities through the RBI’s online portal – https://rbiretaildirect.org.in
Review of Muthoot Fincorp NCD: Yield up to 9.37%, Should you invest in it?
In the current scenario when the interest on bank FD is historically low, many investors might be considering investing in the Muthoot Fincorp NCD which is offering a mouth watering effective annual yield up to 9.37%. The issue is open for subscription from 5th to 28th January 2022. The minimum subscription is 10 NCD of Rs. 1000 each and in multiple of one NCD.
Should Silver Investment be part of your portfolio? Should you invest in a Silver ETF?
After the Securities and Exchange Board of India (SEBI) issued the operating norms for Silver Exchange Traded Fund (ETF) and Silver Fund of Fund (FOF) in November last year, there are a lot of discussion about investing in Silver. Many mutual funds have come out with their Silver ETFs or Silver FOF (Fund of Fund) currently.
MFCentral : Wonderful tool for Mutual Fund Investors to Simplify Mutual fund Transactions
Now, a new platform MFCentral resolves many problems currently being faced by the Mutual Fund investors. In this single platform, you can view all your holding at one place, update your mobile number across all the AMCs, change/update the nominee details, bank accounts , folio consolidation and many more things.
What are the latest Post Office Interest Rates for Jan-Mar 2022?
The Latest Post Office Interest Rates on Term/Fixed Deposits, Senior Citizen Savings Scheme (SCSS), Monthly Income Schemes (MIS), National Savings Certificates (NSC), Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Sukanya Samridhhi Yojana (SSY):
What are various savings schemes of Post office?
When it comes to safety and tax efficient way of investing of our hard earned money, the first option which comes to our mind is Post Office Savings schemes. Post Office offers a number of savings schemes such as NSC, KVP, PPF, Sukanya Samriddhi Scheme, SCSS etc.
How your Fixed Income Bond’s Return is affected?
Bonds provide stability and diversification to your portfolio. A bond provides a regular income. A bond is also a better substitute for fixed deposit as it provides better return and is also more tax efficient due to indexation benefits. A bond holder receives a regular income through bond’s coupon payment. There are various factors which affect these coupon payments and the principal value of the bond.
Taxation applicable for Stock market Investment and trading income
Taxation on a stock market trading income will depend on the nature of trading and frequency of the trading activity. On the basis of your activity in equity market, you may fall into one or both of below mentioned categories: