Page 93 - Sunainaa Chadha

Gifting Infosys shares: Tax implications for Narayana Murthy and his grandson

Infosys co-founder Narayana Murthy's recent gift of shares worth Rs 240 crore to his four-month-old grandson, Ekagrah Rohan Murty, has sparked curiosity about the tax implication

Travel hacks for the win: Indians are using card points to offset travel expenses

43% of Indians planning on taking a trip in 2024 (vs global average of 30%) are using credit card points to offset flight and hotel expenses

US is world leader in wealth creation: Here are its wealthiest and priciest cities

he USA is currently home to 37% of the world's millionaires: some 5.5 million high-net-worth individuals (HNWIs) who hold over USD 1 million in liquid investable assets

Gratuity to conveyance allowance: Exemptions under New Tax Regime decoded

Reimbursements received from your employer for travel expenses related to your job are generally exempt from tax.

Allowances you can claim under new tax regime to reduce your taxable income

Under the new income tax regime in India, several tax-free allowances can be claimed to reduce your taxable income. Here's a breakdown of some key allowances:

Which equity MFs and stocks did investors pour money into in Feb 2024?

The net flows in the sectoral and thematic funds have more than doubled in February 2024.

How Sebi's trial run of same-day settlement for 25 stocks impacts you

For now, they're only testing this with 25 specific stocks and a small group of brokers. While Sebi likes the idea of same-day settlement, they want to make sure it works smoothly

Buying health insurance? Here's how the extended free-look period works

Th free look-in period is a valuable tool that empowers you to make informed decisions about your health insurance. Use it wisely to ensure you choose a plan that best protects you and your family.

Think beyond 80C: Last-minute tax-saving hacks for you

Repaying the principal amount on your home loan comes with tax benefits. Every rupee you pay towards the principal reduces your taxable income.

What is Sebi stress test and why Quant MF will take 22 days for 50% small-cap liquidation

Sebi did a stress test on small-cap funds, basically checking how fast they could return investors' money if there was a sudden rush of withdrawals. Different funds performed differently

Chart: 64% of equity MFs outperform their respective benchmarks in February

Large & Mid Cap funds was the best performing category where 85% of the schemes outperformed the benchmark

Axis Atlas credit card fiasco: How to avoid your rewards from being blocked

The bank has sent a web link in the mail, allowing users to submit invoices, online

Revealed: Most bought stocks by mutual funds in February 2024

The highest MoM net buying in Feb 2024 was observed in HDFC Life and Adani Enterprises

Foreign investors pour $4 bn in Indian realty: Biggest deals of 2023

Foreign inflows too witnessed a rebound in 2023 registering a 20 per cent year-on-year rise at $3.6 Billion.

Is Sukanya Samrddhi Yojana the best investment option for a girl child?

Deposit is to be made for 15 years from the date of account opening. The account will mature 21 years after the date of opening or at the time of marriage of the girl child

Nifty 500 beats S&P 500, other leading global indices in last 10 yrs: study

Nifty 500, India's broadest index, outperformed most of the world's leading indices except the Nasdaq 100 over the last 10 years, according to the study by Motilal Oswal Asset Management Co.

Another sectoral offering: HDFC MF launches Nifty Realty Index Fund

Sectoral funds carry higher risk, thus one could take controlled exposure to such funds

Nifty Next 50 outperforms all major indexes in Feb and is up 58.4% in a yr

In February 2024, the Nifty Next 50 index stood out as the top performer, boasting a remarkable growth of 6.7%.

Debt funds steal the show in Feb 2024, liquid funds get maximum inflows

Debt funds continue to see most of the action in the short end of the yield curve and markets are, perhaps, waiting for clarity on the direction of interest rates.

NSC or 5-year FD? Which is the better tax-saving investment option?

TDS is deducted on the interest earned on FDs. Even though FD provides a marginally higher interest rate, due to TDS deduction, the post tax returns may be lower.