Amitava Chakrabarty

Articles By Amitava Chakrabarty

386 Articles

What if financial planning fails! Are you prepared for the situation when planned investments fail you?

Financial planning works fine to achieve the financial goals when economic and market situations are normal and swing in normal cycles.

financial planning, planned investments, global financial crisis, emergency fund, liquidity crisis, job loss, term insurance, enowment insurance, ULIP, bank fixed deposit, FD, health insurance, 2008 global financial crisis, emergency fund, equity investment News

Income Tax for Senior Citizens: Tax benefits that elderly people get compared to others

Compared to non-senior citizens, senior citizens get additional tax benefits as they usually don't have regular source of earned income.

income tax, income tax refund, income tax return, ITR, senior citizens, non-senior citizens, ordinary individuals, very senior citizens, Basic Exemption Limit, Deductions for Medical Insurance Premium, Deductions on Interest Income, Deductions on Treatment of Specified Diseases, Advance Tax, Filing ITR Manually, e-filing of ITR, Reverse Mortgage Scheme, standard deduction, capital gain tax News

Beware! Fraudsters targeting your mobile to mobile transactions; Here is how to stay safe

Transferring money from mobile to mobile may be very easy, but fraudsters are increasingly using different ploys to gain unauthorised access of your mobile device.

high security password, OTP, SBI, State Bank of India account, state bank of India otp not coming, sbi safe online banking , sbi otp not received, how to set password, second-factor password News

3 years since demonetisation bursts the bubble, real estate still facing demand crunch

The delay in clearing unsold inventory on the other hand resulted into liquidity crisis for developers that also trapped the NBFCs and HFCs with rising level of NPAs, triggering insolvency and further crisis.

Demonetisation, 3 years of demonetisation, effects of demonetisation on real estate, real estate crisis, liquidity crisis in real estate, NBFCs, Housing Finance Companies, HFCs, RERA, GST, black money, Smart Cities, Housing for All 2022, affordable housing, AMRUT News

Rs 25,000 crore Bonanza: Cheaper housing on the cards?

Out of the 19 lakh under-construction homes, nearly 5.76 lakh units were launched in 2013 or before and are still stuck in various stages of non-completion and would get benefits of the fund.

real estate, under-construction projects, stuck up housing projects, real estate fund, NPA-hit financiers, NBFCs, HFCs, NPA, house rent, home price, unsold properties News

Can court take away PPF benefits? The answer may surprise you

Along with excellent security through Sovereign Guarantee, the rate of interest on PPF is the highest among the guaranteed return category.

Unit-linked insurance plans, tax savings, tax saver, ulips, pure term insurance plan, systematic transfer plan, Life Cycle based Portfolio Strategy, Embedded value, risk, unit linked insurance plan, ulip, Policyholder, money news, NAV, mutual fund,insurance, life insurance  News

Mutual Fund Scheme Merger: Who is responsible as marginal investors stop investing after losing units?

Many investors have witnessed erosion in the value of their holding when the fund they had invested was merged with another fund in the same category.

Mutual Fund, MF, equity MF, Mutual Fund Scheme Merger, Asset Management Company, AMC, Securities and Exchange Board of India, SEBI, Dividend Distribution Tax, DDT, Net Asset Value, NAV, fund value News

EPFO Alert! Not providing your UAN to new employer may put you in big trouble

Not only the monetary loss due to tax outgo, but the continuation benefit in order to get pension under the Employees' Pension Scheme (EPS) may also be lost.

PF, Provident Fund, EPF, Employees' Provident Fund, Employees' Provident Fund Organisation, EPFO, PF transfer, PF withdrawal, UAN, Universal Account Number, PAN, Aadhaar, income tax benefit, section 80C News

Mutual Fund vs Home Loan: Which one you should prefer and take up first

While your home loan EMI is running, you may also face dilemma on whether to use excess money, that becomes available on account of salary hikes, in repaying home loan in advance or invest it in equity MF.

mutual fund, MF, equity MF, debt fund, home loan, home loan EMI, home loan interest, house rent, salary, mutual fund vs home loan, stable job, savings, investment, wealth creation, down payment News

LIC extends revival period, to relaunch insurance plans as per IRDAI’s new guidelines

Along with extension of revival period, IRDAI, in its latest guidelines, has asked insurance companies to incorporate many other changes.

insurance, life insurance, Life Insurance Corporation of India, LIC of India, LIC policy, revival period, extension of revival period, Insurance Regulatory and Development Authority of India, IRDAI, relaunch of LIC insurance plans News

Buying gold? Know various options and tax implications of investing in gold

Apart from gains, you may have to spend money during the period of holding to ensure safety of the precious metal.

gold, investing in gold, options to invest in gold, physical gold, digital gold, gold exchange traded funds, ETF, gold mutual funds, MF, Sovereign Gold Bond, SGB, tax on gold, capital gain tax News

Dividend income will no more be tax free if DDT is abolished! Find out if you would gain or lose

There are media reports that the tax structure on equity is under review and to simplify the regime and make investments in Indian markets more attractive, the government may do away with multiple taxes.

income tax, dividend distribution tax, DDT, tax-free dividend income, high net worth individuals, HNI, tax liablility on dividend income, DDT on equity, DDT on equity mutual fund, MF, debt-oriented mutual fund News

Mutual Fund Vs Fixed Deposit: What makes MFs different from FDs? Does volatility only pose risks or provide opportunities?

Fixed deposit (FD) is the most popular mode of investment in India because it is a simple product and is also easy to operate.

fixed deposit, FD, bank FD, mutual fund, MF, equity MF, equities, equity invetment, capital assets, capital gain, capital loss, equity market, market volatility, maarket fluctuations, What makes MFs different from FDs? News

Dental problem bothering you? Here is an option to get money on easy EMI for treatment

At times, dental treatments could be expensive and it may become inconvenient too as most insurance policies do not cover dental treatments.

dental problem, Indian Dental Association, IDA, Aditya Birla Finance Limited, ABFL, Aditya Birla Capital Ltd, dental treatment, EMI facility, flexible monthly payment options News

No money left for last-minute Diwali shopping? Here are some options to get funds easily

Even if your budget is lean, you still don’t have to compromise on Diwali shopping, as there are some options available to borrow money with ease.

Diwali, Diwali shopping, how to get funds easily, Diwali gifts, Zestmoney, artificial intelligence, LazyPay, Paysense, Buy Now Pay Later News

Good news for REIT investors! Surge in office rentals to make returns even sweeter

Within first six months of its listing, India's first REIT – Embassy Office Parks REIT – has generated an absolute return of around 33 per cent and also declared a quarterly dividend of Rs 5.4 per unit in August 2019.

Real Estate Investment Trust, REIT, Embassy Office Parks REIT, real estate investment, office rental, IT/IT-SEZ office space, REITable assets, REIT investments News

FD rates to go down from November 1: Here is a chance to earn 9.25% by investing till October 31

While the existing highest interest rate of 9.25 per cent is offered on 5-year FDs, additional 0.25 per cent is offered to senior citizens as well as additional 0.25 per cent on renewal of existing FDs.

fixed deposit, FD, bank FD, company FD, FD interest, rate cut, Reserve Bank of India, RBI, lending rate, deposit rate, CRISIL rating, cumulative FD, interest payout, Shriram Transport Finance Co. Ltd., STFC News

This Diwali, spend your money on gifting loved ones health and wellness

People’s choice of gifting has evolved, from the idle and purposeless options like collectibles and sweet boxes to functional and productive stuff like healthy snacks and utility electronics.

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Why it would be a good decision to invest in real estate this festive season

With over 81,300 unsold homes are ready for possession in top seven cities, it may be a good opportunity for you to bargain for a good deal this festive season.

festive sales, festive offers, real estate, dream home, real estate investment, home loan, repo rate, RBI, cheaper home loan, affordable housing News

How India’s oldest Mutual Fund scheme has turned Rs 1 lakh into Rs 1 crore

The fund has generated 120.5 times returns since its inception and Rs 1 lakh invested on October 15, 1986 is now valued at over Rs 1.20 crore as of October 15, 2019.

auto, defence, retail fashion, investment after diwali, where to invest News

Mutual Fund Sahi Hai! Is it always true? Find out when it may not be right for you and how to correct

The need, nature, duration and quantum of MF investments, especially in equity MFs, vary from person to person and investment patterns cannot be generalised.

mutual fund, MF, mutual funds sahi hai, how to choose the best fund, equity MF, debt funds, financial planning, financial goals, direct plans, risk appetite, Investing short-term money in equity, CAGR, AMFI campaign News

6 platforms that you may use to save more during your festive shopping this Diwali

To minimise the stress like unusually high credit card balances, tighter finances etc, you should control your urge and try to save more as you indulge in festive shopping.

Diwali, Diwali gifts, Diwali sales, Diwali offers, diwali deals, discounts, cashback, TWID, GyFTR, Pennyful, CouponDunia, GrabOn News

HDFC Bank clarifies after stamping passbooks with ‘deposit insurance cover’ raised concern

Each depositor in a bank is insured up to a maximum of Rs 1,00,000 (Rupees One Lakh) for both principal and interest amount held by him/her in case of liquidation or merger or cancellation of bank's licence.

HDFC Bank, deposit insurance cover, Deposit Insurance and Credit Guarantee Corporation, DICGC, Reserve Bank of India, RBI, What is the maximum deposit amount insured by the DICGC News

Wondering what to gift this Diwali? Try products based on new technology to surprise near and dear ones

While you may be wondering what to buy from the sea of gift items, most corporates also face the same dilemma, when the “Festival of Lights” arrives.

Diwali, Diwali gifts, what to gift this Diwali, new technology, list of latest gadgets, Diwali gift list, AirTamer, Breo ISee4, EQUA, NutFinder, Smart Sport Watch News

Bad News for Liquid Fund Investors! SEBI introduces exit loads in liquid schemes

Investors prefer to park their short-term and emergency funds in liquid schemes as redemption requests may be put seven days in a week.

exit load, liquid fund, debt mutual fund, MF, liquid fund schemes, liquid schemes, SEBI, AMFI, mutual funds sahi hai, RTAs, AMCs, exit load on liquid fund schemes, NAV News

Looking to buy that dream home? You may get good deals, discounts this festive season

Amidst the current market scenario, buyers can get a further discount of 15-20 per cent on the marketed price; in certain cases discounts have touched the level of 30 per cent!

festival season, festive offers, festive discounts, Diwali season, real estate, homebuyers, developers, home loan interest, NBFC crisis, discount on property price, dream home, demonetisation, economic slowdown, GST, RERA News

Do you use multiple cards, payment apps? Here is how you may combine reward points and spend anywhere

Due to use of multiple loyalty programmes from banks, brands, airlines etc, reward points fail to get accumulated under a single option. So, users generally don't track such points.

reward points, loyalty programmes, banks, brands, airline, Twid, how to combine reward points News