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Amitava Chakrabarty

Articles By Amitava Chakrabarty

906 Articles

Mutual Fund Investment: How should first-time investors start investing in MFs?

Novice investors generally start equity investments at a high market, when the existing investors have already earned a double-digit compound annual growth rate (CAGR).

Mutual Fund, MF, Mutual Fund Investment, first-time investors, CAGR, market risks, equity-oriented funs, equity investment, equity-oriented funds, market volatility, financial planning, SIP, balanced funds

Account Aggregator framework makes cash-flow based lending faster

The Account Aggregator framework is one of the most promising new innovations in the BFSI (banking, financial services and insurance) ecosystem.

Account Aggregator framework, loan, credit score, credit rating, banking, financial services, insurance

Redeemed mutual fund units soon after transmission? Know the tax implications

Transmission takes place after the death of an investor, where the mutual fund (MF) units held by the deceased unitholder are transferred to the nominee(s) or the legal heir(s).

mutual fund, MF, death of unitholder, transmission of MF units, tax on transmission of units, capital gain tax, short-term capital gain, long-term capital gain, date of original investment, date of redemption

Want to become wealthy? Not following the financial basics may shatter your dreams

For those, who don't belong to wealthy families, becoming financially independent needs meticulous financial planning and proper execution of the plan.

wealth creation, financial indipendence, financial basics, financial planning, saving, investments, fixed-return instruments, FD rates, rate of inflation, equities, mutual fund

Stalling of auto-debit mandates: What should you do now? Will it make transactions safer?

The Reserve Bank of India has taken this step to save you from falling in the clutches of fraudsters by further securing the payment process.

credit card, credit card payments, standing instructions on credit cards, recurring transaction registration, e-Mandate, RBI guidelines, additional factor authentication, AFA

Beware SBI Cardholders! From Oct 1, your auto bill pay may stop if you fail to do this

The new regulatory guidelines shall come into force with effect from October 1, 2021 and any recurring transaction that is not compliant with the framework will not be processed.

Beware SBI Cardholders! From Oct 1, your auto bill pay may stop if you fail to do this

How does good and bad credit history affect your prospects of securing a loan on favourable terms?

As loans create a financial obligation to repay them from future earnings, people should avoid taking loans, unless it's very urgent or one wants to create assets or increase one's earning prospects.

credit score, credit history, credit profile, loans in favourable terms, credit report, timely repayment, outstanding EMI payments, debts, pending credit card dues

Income Tax Return: Why you shouldn’t wait for the extended due date to file ITR

The due date of filing ITR has been extended to provide relief to taxpayers, amid the Covid-19 pandemic, and due to concerns and technical glitches in the new Income Tax Portal.

income tax, income tax return, ITR, new e-filing portal, glitches in new income tax portal, ITR due date, Covid-19, extension in due date for ITR filing, interest on tax payable, late fee penalty for missing ITR due date

Why to invest in international mutual funds and how to choose a fund

As portfolio compositions of domestic equity MFs are confined to the stocks of Indian companies only, investing in foreign companies through international MFs will ensure additional diversification.

mutual fund, MF, international MF, domestic funds, international funds, equity fund, geographical diversification, taxation of international funds, domestic markets, foreign stocks

How to optimise post-retirement returns to beat inflation

Without any regular income, the prime objective of retired persons is to protect the retirement corpus and get enough return from it to sustain the post-retirement life.

fixed-return instruments, fixed deposit, FD, FD interest, FD rates, inflation, price rise, rate of inflation, devaluation of capital invested, tax on FD interest, reducing tax outgo, Tax-saving investments

Key factors to consider while planning to finance your child’s higher education abroad

While it's not very difficult for the rich to finance the studies abroad, meritorious students may get scholarships to meet the bulk of the expenses that would lighten their financial burden.

higher education abroad, studying abroad, domestic vs abroad education, financing foreign study, tuition fees, travel expenses, living expenses, books, hostel fees, Forex, International Money Transfer, financial planning

Home Loan: Should you repay it or invest if you have lump sum money?

Home buyers save money on rent by moving from a rented to own home and there are also income tax benefits on the interest paid on a home loan and on the principal repayment as well.

home loan, home loan interest, repayment of home loan, EMI amount, home loan EMI, investment, return on investment, long-term investment, tax benefits

Embedded Finance: Making loans available to new-to-credit rural customers

Rural credit seekers continue to reel under the high interest rates and unfair practices despite the increase in access to technology.

Embedded Finance, loans, new-to-credit rural customers, banks, rural India. MasterCard, Financial Literacy Index, financial inclusion

Safeguarding e-Rupi from misuse: The challenges ahead

A successful implementation of the e-Rupi would not only curb black money, but would also ensure documentation of spending the currency as well.

E-RUPI, payment system, digital payment instrument, Transaction transparency, central bank digital currency, CBDC, Reserve Bank of India, RBI, physical currency

Looking to invest your PPF maturity money tax-efficiently? Try these MF schemes

Investors looking for other investment options to park their maturity money instead of extending their PPF account for another five years would look for getting some additional return without taking much risks.

pension, retirement fund, Public Provident Fund, PPF, PPF maturity period, Mutual Fund, MF, debt fund, equity fund, balanced fund, asset allocation fund

Need money urgently? Here’s how to arrange emergency funds quickly

In case a person fails to maintain an emergency fund or in case the fund falls short, a person may need to arrange substantial money urgently on facing an emergency situation.

The company has raised a total of USD 11 million of external capital so far.

Tax on Provident Fund: Know how PF contributions, interest will be taxed

Rule 9D provides for separate accounts to be maintained within the provident fund account with respect to the taxable as well as non-taxable contribution.

Provident Fund, PF, EPF, EPFO, PF contribution, PF interest, tax on PF

Sold unlisted shares? Know the tax implications

As equity shares of a company are considered as capital assets, selling such shares would either result in a capital gain or capital loss.

equity shares, listed shares, unlisted shares, maket risks, default risk, capital gain, capital loss, long-term capital gain, short-term capital gain, capital gain tax

CIBIL Score: Can you get a personal loan with a low credit score?

Credit Information Bureau (India) Limited (CIBIL) is the organisation that maintains credit scores (CIBIL Score) on the basis of various criteria that affect credit worthiness.

Yes, personal loans are no-security loans, hence expensive. If you have any financial assets, like shares /mutual funds/ LIC policy (traditional)/bank FD, you may consider taking a loan against such an asset.

Income Tax Return: With glitches in e-filing site yet to be removed, due date extension looks inevitable

Finance Minister Nirmala Sitharaman has given Infosys a final deadline of September 15 to remove all the glitches from the new e-filing site.

income tax, income tax return, ITR, new e-filing portal, glitches in new income tax portal, ITR due date, Infosys, Nirmala Sitharaman, tax filing software, ITR e-verification

New NSE Indices: Are they worth investing?

NSE has launched Nifty India Manufacturing Index on August 16, 2021 and Nifty India Select 7 Government Bond Index on August 20, 2021.

National Stock Exchange, NSE, NSE Indices, stock market index, stocks, commodities, T-bills, Index Mutual Funds, Nifty, Banknifty, FINNIFTY

Penny drop to make NPS withdrawal safe but expensive

There are no restrictions on withdrawal from the Tier-2 NPS Accounts, while there are restrictions on withdrawals from Tier-1 Accounts.

National Pensin System, NPS, NPS Tier-1 account, NPS Tier-2 account, NPS withdrawal, withdrawal on NPS exit, NPS partial withdrawal, penny drop in NPS

Want to build a global portfolio? Here’s how to invest in foreign stocks

Apart from the diversification through investments in domestic stocks, investing in foreign stocks would provide greater stability in a portfolio through geographical diversification.

global portfolio, how to invest in foreign stocks, market risks, diversification, domestic stocks, geographical diversification, direct investment, ETF, International Funds

Points to keep in mind while transferring money globally

The advancement in communication technologies and ease of travel globally have made people global citizens.

money transfer, transferring money globally, exchange rate, efficient banking service, online remittance platform

Youth catches limelight of FinTech companies amid rapid digitisation

The tech savvy youth is reinventing customer experience by preferring simplified banking and being willing to get everything at a tap of a mobile screen.

digitisation, digital skills, Future of Jobs in India, upskilling, reskilling, simplified banking

Gold price slides below Sovereign Gold Bond issue price; what should investors do?

To decide on the mode of investment, apart from the market price of physical gold and issue price of SGB, the investors should also consider the risks involved.

gold, physical gold, Sovereign Gold Bond, SGB, gold investment, risks of holding gold, bank locker, locker rent, insurance, interest on SGB, capital gain tax

E-RUPI: How will it affect the payment system in India?

This digital payment instrument may be used for purchase of specific goods or services, but can't be converted to cash or transferred to another person.

E-RUPI, payment system, digital payment instrument, Transaction transparency, how e-RUPI works, mobile phone users, Sodexo, cryptocurrency
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