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Mutual Funds: Invested in credit risk funds? Shift to safer banking and PSU funds

You should evaluate the current portfolio of the fund to understand the extent of holdings in various rating buckets, such as AAA, AA, A rated, etc., and cash holdings.
The sharp markdowns have resulted in heavy redemptions by investors over the past year, with a few funds witnessing signi-ficant erosion in their AUM (>40%). News

Why smart investors are buying gold in midst of Covid

Gold as an asset usually shares negative correlation with other assets (such as equity, debt and real estate), and tends to perform better during risk-off periods. It protects the investors’ capital

Money News

Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal

Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19

Money News

Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens

Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.

The financial lives of senior citizens have been affected by the coronavirus outbreak and subsequent lockdown as they generally deal with their investments through visits to banks or post offices. News

Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.

Money News

Edelweiss AMC announces second tranche of Bharat Bond ETF – Details

The Bharat Bond ETF had successfully raised over Rs 12,400 crore from a diverse set of investors in its debut offering in December.

Money News

Covid effect: RBI extends EMI moratorium for another three months

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday allowed borrowers to pause loan repayments for three more months till August 31. The central bank has granted a moratorium instead of pro

Experts point out that move by RBI may pose a liquidity challenge for NBFCs in near term. News

Covid-19: What changed for health insurance before and after pandemic

Given the gravity of the current situation and the worldwide panic surrounding it, people now, more than ever before, are concerned about their health and that of their families.

health insurance plans, family floater plan, critical illness plan, COVID-19, insurance policy, policy premium News

Your money: Know how big a home loan you can get

Housing finance companies look at your monthly salary and your age to determine loan eligibility.

For home loans, housing finance companies calculate the eligibility of salaried person based on salary slip for the last six months News

Boost to Employees Provident Fund: 79 lakh new PF accounts opened in FY20

The data of net new subscribers is based on the Universal Account Number (UAN) generated in the system and where the first non-zero subscription was received, the EPFO said.

The EPFO said its data is provisional as updation of employees records is a continuous process. News

Can you offset stock market loss with Gold ETF? EPF withdrawal, and other queries answered

An employee can withdraw funds from EPF account on retirement or can prematurely withdraw money for reasons like job loss, marriage, education, purchase or construct-ion of house, medical emergency.

Income Tax News

Covid-19 personal loan scheme: Money available at reduced rates; should you take?

Just because Covid-19 personal loans are available at reduced rates does not mean that one should opt for it.

Banks and NBFCs are offering Covid-19 personal loans, but let us try to understand whether these are available to everybody and whethe they can be taken for business purposes. News

Grappling with fear of Covid-19: Flight to safety as investors move to FDs

While the higher interest rates on company deposits are tempting, remember these are unsecured loans. Repayment of principal and interest are not guaranteed. In case of any default or delay, investors

For one to three years tenure, the rate has been cut to 5.5% from 5.7%. News

Govt order issued for reduced EPF contribution for 3 months

Government-owned entities and their employees, both at the Centre and the states will continue to contribute 12% each towards EPF.

It estimated that around 6.5 lakh establishments and their 4.3 crore employees, now covered under EPFO, will benefit from the facility. News

Tax savings not needed? Then switch to non-ELSS funds or NPS

Tax savings not needed? Then switch to non-ELSS funds or NPS

Investment in ELSS funds qualify for tax deductions under the old tax regime, of up to Rs 1.5 lakh under Section 80C, in a given financial year. News

Old tax regime or new regime: Making the smart choice

Taxpayers are facing a unique dilemma, i.e., whether to select the traditional old tax regime of claiming tax deductions or to give away the tax deductions and claim lower tax rates provided under the

Money News

How to forge a new path to your financial goals

A cautious investment strategy for capital protection is warranted in the short term to tackle the Covid-19 shock. Investors must review their portfolios regularly

Money News

Insurance: Are you a retiree? Five tips for buying a health plan

Senior citizens need to check the rules for waiting period for cover of existing diseases and co-payment charges when selecting a health insurance plan.

Insurance News

COVID-19 impact on dividend income: Learning to live with dividend cuts

Cut in dividend payouts will reduce your income and also your portfolio value. To avoid this, do not invest more than 15% of your portfolio in a single sector.

Money News

Delayed EPFO payment not to attract penalty

Depending on the duration, delayed payment now attracts penalty of between 5% and 25% on the shortfall of payment of dues.

EPFO payment, delayed EPFO payment,EPFO money, Employees Provident Fund, EPFO penalty,EPFO news, latest news on EPFO  News

PM pension schemes for very poor, small traders get off to a slow start

The two old-age pension schemes launched last year – one for the poorest of the poor namely street vendors, rickshaw pullers and rag pickers and the other for self-employed and small traders – hav

The scheme was launched in February last year with a target to cover 10 crore people in five years. News

Low-end housing to receive PPP boost, CLSS support extended by a year

The steps will also give the much-needed impetus to the revival of the real estate sector and allied industries like steel and cement.

Low end housing, PPP, CLSS, middle income group,PMAY-U, real estate sector, MIG-II categories, MIG-I  categories,CPSE,housing sector News

Covid-19 Crisis: Five steps to saving money in these times

It will be prudent to conserve money, reduce expenses and identify ways to increase or sustain the inflow of cash.

Money News

Bonds or equity: Which one gives higher returns over the long term?

Over the long haul, if you do a judicious allocation to equity, debt, or any other asset like gold, you would get decent returns.

Money News
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