Saikat Neogi

Articles By Saikat Neogi

329 Articles

Fixed income: Lock in higher rates in post office deposits this month

Given the falling interest rates in fixed deposits, risk-averse investor are facing reinvestment risks. Ideally, investors should look at some portfolio rebalancing to lock-in at higher rates for the long-run.

Fixed income, post office, deposit, income scheme, rbi, reserve bank of india, fixed deposit rates, fixed deposit, SBI, money news, Monthly Income scheme, Kisan Vikas Patra News

Looking at Ulips? Check out the pros and cons

Unit-linked insurance plans are market-linked investment products with a thin crust of life insurance. Market volatility can affect the fund's net asset value daily.

Ideally, an individual should opt for a pure term insurance plan to cover the life risk. For investments, he should look at equity mutual funds for higher long-term returns News

Motor Insurance: Your tariff challans may soon impact the insurance premium you pay

The insurance regulator is looking into linking traffic violations committed by the registered owner or driver of the vehicle with the motor insurance premiums to be paid.

The terms of reference of the working group will also be to develop data fields required to implement traffic violations as rating factor in motor insurance News

Have you got insurance cover for your home?

A home insurance policy with a sum assured of more than `50 lakh would require physical inspection of property, depending on the insurer.

insurance companies in india, house insurance, house insurance india, house insurance policy, house insurance sbi, house insurance cost, house insurance online, house insurance premium in india, house insurance plans, house insurance premium calculator india,house insurance coverage, house insurance rates News

Rising gold prices: Should you buy now?

While the value of gold has increased 8.5 times in the last 25 years, the BSE Sensex in the same period has gone up by 9.5 times

gold prices, US-China trade war, domestic price of gold, gold demand, Sovereign Gold Bond, paper gold News

Financial planning: Here are four tips that may help in long-term investments

To tide over tough times, investors must set aside a fixed income corpus with tax free bonds and high quality debt instruments

long term investments, stock market, gold prices, Nifty, sensex, systematic investment plan, mutual funds, IPO, National Savings Certificates, NTPC News

Now, mPokket small – ticket loans for salaried class

The digital lending platform has disbursed loans worth Rs 600 crore to students since its inception in December 2016

mPokket, mPokket small ticket loans, mPokket loans for salaried class, mPokket mobile app, short term personal loans, Village Capital News

Income Tax Return 2019: Filing your ITR? Check your Form 26 AS first

A salaried person with income less than Rs 50 lakh, one house property, other sources and/or agricultural income up to Rs 5,000 can file ITR-1 or SAHAJ form.

Income Tax News

How Irdai’s regulatory sandbox will help you bring market innovative approaches

Irdai has created a regulatory sandbox for bringing to the market innovative approaches, including fintech solutions, to push insurance penetration while protecting policyholders.

Insurance News

Income Tax Return 2019: Pre-filled ITR forms to make filing easier

According to media reports, the government is in talks with the markets regulator to get details of investment returns of taxpayers. The pre-filled forms will have salary break-up from Form 16.

ITR filing, ITR, ITR form, personal finance, income tax,  income tax filing News

Stock Markets: Promoters pledging shares; is it a danger signal?

Before investing, investors must analyse the reasons for the company pledging shares. However, if the quantum of pledged shares is increasing then it becomes a worry and investors must stay away from such companies

Stock Market, shares, danger signal, Market news, BSE 500 Index, BSE, Eveready Industries, Lemon Tree Hotel, Orient Electric, Chambal Fertilisers and Jindal Steel, Powser News

Motor Insurance: RC needs to be canceled in case of a total loss

The depreciation rate is 15% for vehicles less than one year; 20% for one to two years; 30% for two to three years; 40% of three to four years and 50% in case of four to five years.

Motor Insurance, Certificate of Registration, stolen vehicle, Development Authority of India, law enforcement authorities News

Fixed income: Small savings get attractive as banks cut FD rates

With some debt funds reporting wealth erosion, retail investors are looking at safer avenues such as bank fixed deposits and post office savings schemes to park money

Small Savings Schemes, Small Savings Schemes interest rates, interest rates hiked, PPF, News

Life Insurance: More customer-friendly products in the offing

Irdai has introduced changes in filing new or modified products and procedures for modifications of the existing products.

Insurance News

Model tenancy bill: Rental incomes may get a fillip

The archaic tenancy laws keep rents low, which then prevents owners from spending money on maintenance of buildings.

Money News

Looking at liquid funds? Read the fine print

While the markets regulator has put safety net around liquid funds after a few defaults, retail investors need to take more care in selecting the funds.

Money News

Life Insurance: Surrender and annuity norms made customer-friendly

The regulator has made some changes to insurance pension products on the lines of the National Pension System. All individual pension products will have explicitly defined assured benefit payable on death and vesting.

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Motor insurance: Now buy standalone own damage cover

Policyholders will have the option to renew the own damage component of a bundled cover on or after September 1, with the same insurer or different insurer, on an annual basis.

Motor insurance, car insurance, standalone damage, Insurance Regulatory and Development Authority of India, Irdai, money, insurance news, policy holder, Motor Vehicles Act, News

Mutual Funds: Now invest in CPSE ETF to save tax under Section 80C

Experts say with tax benefits like ELSS, CPSE ETFs will be attractive for individual investors for creating long-term wealth.

tax for super rich, China, US,  South Africa , individual tax rate, Nirmala Sitharaman, budget 2019, ITR, Income Tax, Budget 2019, electricity consume, electricity bill, foreign trip, bank statement, cash transaction, income tax return, income tax calculation after budget announcements, Income Tax Calculator, Income Tax Calculator 2019, Budget Income Tax Calculator News

Budget 2019: How govt plans to make tax evasion tough with pre-filled ITR

Union Budget 2019: The government has taken this a step further by providing pre-populated tax forms to taxpayers with information from their Form 26AS, financial transactions and government bodies such as banks and EPFO link

Union Budget 2019 India, Budget 2019-20, itr filing, income tax return filing, income tax efiling, itr filing 2018 News

Budget 2019: Will government reduce your tax burden?

Union Budget 2019 India: While the tax rate for lower income bracket has been reduced, the top tax rate of 30% kicks in too early

Budget 2019 News

Fix gold bond scheme to save precious forex

While gold is fully liquid, buyers can redeem the bond with the government only after five years; they can sell the bond in the secondary market, but that hardly exists.

gold, gold bond, gold prices, gold bond scheme, commodities News

Investor alert! Some lessons from current crisis in debt funds

The spate of defaults and rating downgrades has made it clear about credit risk in debt mutual funds. Investors should not invest in funds that have high exposure to companies having a large leverage.

Around 160 debt mutual fund schemes had exposure to the debt papers of DHFL worth Rs 5,236 crore as on April 30, 2019. (Illustration: Rohnit Phore) News

Attention depositors! Bank FD interest rates may be cut

Following the repo rate cut, depositors may be hit with falling FD rates. Individuals should lock-in at current fixed deposit rates before banks start reducing the rates

Reserve Bank of India, Bank FD interest rate, Monetary Policy Committee, Kotak Institutional Equities, fixed deposit rates, CARE Ratings, DHFL News

Motor insurance: Third-party cover gets costlier; new rates come into effect from June 16

The new rates come into effect from June 16. However, premium for long-term cover remains unchanged

Motor insurance, Irdai, Bajaj Allianz General Insurance, Electric vehicles, long term premiums News

Income tax: Senior citizens to get higher TDS exemption on interest income

Senior citizens with a taxable income of up to Rs 5 lakh can now seek exemption from TDS by banks and post offices on interest they earn on their deposits.

income tax, senior citizens, tds, exemption, tds News

Modi 2.0: Markets see continuity in policies; Here’s what you need to do now

With a majority government at the Centre, investors may increase their equity exposure in a phased manner.

Money News