Amitava Chakrabarty

Articles By Amitava Chakrabarty

459 Articles

Mirae Asset Nifty Next 50 ETF NFO closing soon: Should you invest?

The objective of an Exchange Traded Fund are to emulate its benchmark index by replicating the same stocks in the same ratio in its portfolio.

Mutual Fund, MF, Exchange Traded Fund, ETF, Mirae Asset Nifty Next 50 ETF NFO, new fund offer, Nifty 50, Nifty 100 Index, Nifty Next 50 Total Return Index, lower expense ratio, midcap, largecap, investment objective News

Brace for higher premium as IRDAI chief says can’t afford insurance industry go airline, telecom way

The IRDAI Chairman also assured that the regulator would be happy to help the stakeholders of the Insurance Industry in minimising risks.

insurance, group health insurance, insurance brokers association, Subhash Chandra Khuntia, IRDAI Chairman, Insurance Regulatory and Development Authority of India, unsustainable loss ratio, wellness programme, insurance premium News

Budget 2020: Easier OTP-based instant registration, higher investment, disbursal limits expected

Union Budget India: Apart from investments and loan disbursal, expectations are there that the facility of verification through Aadhaar-based OTP may also be extended to other financial products.

Budget 2020, Union Budget 2020, Union Budget India, Union Budget 2020-21, Nirmala Sitharaman, News

Budget 2020: AMFI wants debt tax-saving fund, relief on DDT, SST, LTCG, parity with NPS, ULIP

Union Budget 2020: AMFI has submitted a long list of Budget wishlist with 17 proposals to the Finance Ministry, which, if implemented, would help larger penetration of the MF industry in the country.

Budget 2020, Union Budget 2020, Union Budget India, Union Budget India 2020-21, AMFI, Mutual Fund, MF, Debt Lined Savings Scheme, DLSS, ELSS, DDT, STT, LTCG, capital gain tax, ULIP, NPS News

ICICI Prudential MF launches Midcap 150 ETF: Is the fund suitable for you to invest?

The NFO period is from January 15 to January 20, 2020, during which you may invest minimum Rs 5,000 and in multiples of Re 1 thereafter.

Mutual Fund, MF, Exchange Traded Fund, ETF, new fund offer, NFO, ICICI Prudential Midcap 150 ETF, Expense Ratio, benchmark index, Nifty Midcap 150 Index, market risk, tracking error risk, portfolio concentration risk, volatility risk, liquidity risk News

Budget 2020: Lower tax rate, financial assistance expected to boost production, consumption

Budget 2020: As the main cause of economic slowdown is lower demand, efforts must be taken to make available more disposable income in the hands of consumers through job creation and other incentives.

Budget 2020, Union Budget 2020, Budget 2020 India, Union Budget 2020 India, Budget 2020 corporate tax rate, Budget 2020 tax rate for Startups, Budget 2020 expectations, consumption, demand, GDP growth, economic slowdown News

When to invest more in equity and when not? Here is how to mechanise the process to maximise gains

When the markets rise, the value of your equity investments moves up and when the markets fall, the value of capital invested also goes down.

equity investment, direct equity, equity mutual fund, equity MF, market risk, when to invest more in equity, asset allocation and rebalancing, capital asset, gold, investing in low market, profit booking in high market News

Rate cut? Here is an opportunity to earn 9.1 per cent return per annum!

The aggregate issue size is up to Rs 1,000 crore (Tranche II issue limit) and the allotment will be on first-come-first-serve basis.

GDP growth, inflation, fixed deposit, FD, FD interest rates, Shriram Transport Finance Co. Ltd., Non-Convertible Debentures, NCD, NCD rates News

Budget 2020: Real estate hopes tax relief, higher deduction on home loan interest for revival

Union Budget 2020-21: The struggling real estate sector, which is a big job provider and consumer of cement, steel and other items, hopes a boost from the government in the upcoming Budget

Budget 2020, Union Budget 2020, Budget 2020 India, Budget 2020 expectations, real estate sector, income tax relief, deduction on home loan interest, GST input credit, income tax surcharge, Indian ecomomy, GDP growth News

PPF vs SSY: Can you use your daughter’s Sukanya Samriddhi account for your retirement savings?

Both Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are government schemes meant for long-term investments.

Public Provident Fund, PPF, Sukanya Samriddhi Yojana, SSY, government schemes, long-term investment, Post Office Schemes, tax-saving investments, tax benefits, 80C benefits, retirement corpus, investment for girl child, fixed deposit, FD, FD interest News

Limit of tax-saving investments can’t be your investment benchmark: Here is why

Calculate your financial needs and plan your investments properly, so that proper investment avenue may be selected and adequate investments may be made.

income tax, tax-saving investments, 80C benefits, Public Provident Fund, PPF, Rs 1.5 lakh investment limit, Fixed Deposit, FD, FD interest, rate of inflation, 80C investment limit, PPF investment, retirement corpus, standard of living News

Change in ownership of Apollo Munich: How to renew policies, find network hospitals, lodge claims?

To reduce operational difficulties, HDFC has created a new entity – named ERGO Health Insurance Limited (HDFC ERGO Health) to acquire AMHI.

insurance, health insurance, Apollo Munich Health Insurance Company Limited, AMHI, HDFC Ltd, HDFC ERGO Health Insurance Limited, HDFC ERGO Health, HDFC ERGO General Insurance Company Limited, HDFC ERGO General, how to renew policies, how to find network hospitals, how to lodge claims News

From Rs 44,200 payable to nil tax! Here is how you may save taxes by fully utilising 80C benefits

Tax-saving investments have cap on short-term withdrawals, which in turn inculcates a habit of savings and investments among taxpayers over a long-term investment period.

Budget 2020 date, Budget 2020-21, long term capital gain tax on equity, Budget 2020, Budget 2020 income tax, Union Budget 2020, personal income tax, Finance Minister Nirmala Sitharaman, taxpayers News

Budget 2020: Relaxation in income tax, bailouts expected to boost demand, economy

Budget 2020: India is the second most populous country in the world with over 125 crore population, yet the country's rate of economic growth is slowing down due to lack of adequate demand.

Budget 2020, Budget 2020 India, Union Budget 2020, Budget 2020 income tax, Budget 2020 income tax rate, economic growth, rural demand, FMCG sector, automobile, real estate, telecommunications, aviation, banking, NBFC News

Tax-saving Investments: Up to Rs 62,400 may be saved by investing in these financial assets

There are many tax-saving investment options available before the taxpayers, out of which some are physical assets like house, electric cars etc, while most of other options are financial assets.

income tax, tax-saving investments, 80C benefits, PPF, Sukanya Samriddhi Yojana, NSC, life insurance, ULIP, ELSS, FD, shares, debentures, Employees' Provident Fund, EPF, NSC, section 80CCD(1B), NPS, taxable income, tax payable, tax rebate, health and education cess News

Apollo Munich is now part of HDFC ERGO: What will happen to your existing health insurance policy?

As HDFC completes acquisition of Apollo Munich Health Insurance Company Limited, the holders of Apollo Munich Health Insurance policies now become part of HDFC ERGO Health Insurance.

Insurance News

Budget 2020: Fintech industry expects relief in DDT, GST and KYC compliance for small loans

Budget 2020 expectations: Fintech industry is playing an important role when it comes to penetration of financial services products across the country.

Budget 2020, Union Budget 2020 India, Budget 2020 India, Budget 2020-21 News

Public Provident Fund is safest tax-saving instrument: But is PPF the best investment avenue?

Apart from the exemptions on investments u/s 80C, tax exemptions on interest and maturity make PPF a preferred tax-saving instrument of the exempt, exempt, exempt (EEE) category.

income tax, tax-saving investments, Public Provident Fund, PPF, 80C benefit, tax-free interest, tax-free maturity, EEE category of investment, government guarantee, risk-averse investors, fixed-return investment, debt investment, short-term investment, long-term investment, equity investment, Equity-Linked Savings Scheme, ELSS News

ITR 1-Sahaj, ITR 4-Sugam for AY 2020-21: What’s new and why ITR Forms are notified early

Filing of Income Tax Returns (ITR) for the assessees, who needn't get their income audited, starts from April 1 every year just after the financial year ends on March 31.

income tax, income tax return, ITR, News

Budget 2020: Changes in income tax slabs or rates for individuals expected

Budget 2020: People have high expectations from Finance Minister Nirmala Sitharaman to take bold steps in the upcoming Union Budget to give strong stimulus to boost the weak demand.

Budget 2020, Union Budget 2020, Budget 2020 India, Budget 2020 income tax, Budget 2020 income tax slab, Budget 2020 tax rate, Budget 2020 expectations News

Taken joint home loan? You may need NOC from joint owner to avail tax benefits

You may face obstacle in claiming tax deductions on interest payment and principal repayment if home loan is taken in joint names.

income tax, 80C benefits, tax benefits on home loan interest, home loan principal repayment, joint home loan, joint ownership, property registration, stamp duty on property registration, No Objection Certificate, NOC News

Tax-Saving Investments: Don’t just save taxes, but invest to meet your long-term financial goals

Otherwise you would wait till the end of the year and end up choosing a-tax-saving instrument, which would not be in sync with your long-term financial needs.

tax saving, tax-saving investments, fiancial planning, 80C of the Income Tax Act, tax benefits, 80C benefits, long-term investments, long-term financial goals, Public Provident Fund, PPF, NSC, FD, ELSS News

Your FD interest may fail to match rising prices: How to beat inflation to survive after retirement

It is necessary to realise the impact of inflation on the expenses and plan the investments accordingly to keep pace with the rising prices and survive the long retirement period.

retirement corpus, investments for retired people, bank fixed deposit, bank FD, risk-free investment, price rise, inflation, FD interest, CAGR, equity mutual fund, MF, equity fund, SIP, standard of living News

Looking for instant loans? Here are your options

Online lending space is expanding at a fast rate of over 20 per cent and is eyeing a new target audience instead of the old ones.

easy loans, instant loan, digital loan, buying things on credit, Digital Payments, PayTM, mPokket, mCoins, Shubh Loans, EarlySalary, KrazyBee, SlicePay, interest on loan News

Want to amass wealth? Plug your unplanned outgoes first – here is how

You need to ensure first that there is no unplanned outflow of funds due to exigencies, that may derail the wealth-creation journey.

wealth creation, equity investment, savings, equity capital, life risk, health risk, disability risk, critical illness, life insurance, health insurance, general insurance, home insurance, motor insurance News

Unable to receive the item booked online? Here is how to get it without rescheduling delivery

Failed deliveries due to unavailability of customers at the delivery addresses cost the online market platforms dearly as the rescheduled deliveries involve both time and cost.

e-commerce, online market platform, failed delivery, smart lockers, OTP, QR Code, RFID, Cloud computing, Amazon, Flipkart, free delivery, deliver charges, locker cost News

Getting motor insurance through auto companies, dealers may no longer be advantageous

Motor insurance commission is one of the biggest source of earnings for the vehicle companies and dealers, who have got themselves registered as insurance agents/brokers.

motor insurance, motor insurance premium, motor insurance commission, auto companies, auto dealers, ex-showroom price, on-road price, discount on motor insurance premium, TP premium, OD premium, IRDAI News
Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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