The cost of insuring your life going up? – Money Bites Newsletter 19 Mar

Money Bites

Short bites to keep you informed of matters that impact your wallet and wealth

Hey there,

Hope you are doing great!

The active cases of Covid 19 in India look to be on a rise again. We hope you are taking necessary precautions and staying safe. The govt has introduced a vehicle scrapping policy in a bid to increase the purchase of fuel-efficient vehicles. What do you think about it?

Top Bite this Week

Term insurance policy premiums are set to go high in April

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Tax saving options for the Self-Employed

India has more number of self-employed people as compared to salaried individuals. Our country is called a large gig economy considering the population size of self-employed people who have made it so. Self-employment encompasses workers from varied categories like casual labourers to freelance professionals, graphic designers, writers,etc. Most self-employed individuals have irregular payment systems and therefore require tax-saving options to sync with their erratic payment schedule.

Here, we will discuss various aspects of tax saving for self-employed individuals in India. (more…)

Taxes on Mutual fund investments- How do they work?

The current generation has grown up listening about mutual funds. The most common thing anyone knows about then is that they are subject to market risks. Mutual funds are an easy and effective way of investment for all age groups. But when it comes to taxes on mutual funds not many are aware of how they are taxed and that’s when the investor has to bear the tax brunt. 

We bring you all the details that you need to know about how your mutual fund investments are taxed. We advise you to bookmark 🔖this page for your reference. 

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क्या सोना अपनी चमक खो रहा है? क्या आपको इसे अभी खरीदना चाहिए?

सोने की कीमतें 55,901 रुपये के उच्च स्तर से 19% नीचे हैं।

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Is gold losing its glitter? Should you buy it now? – Money Bites Newsletter

Money Bites

Short bites to keep you informed of matters that impact your wallet and wealth

 

Hey there,

Hope you are doing well!

It was International Women’s Day on the 08th of March and there were some interesting stats bought out by CIBIL- There is a faster growth of women monitoring their credit scores than men. As a correlation, the average credit score for this group is higher at 734 as against 726 for the men who monitor their scores.

The tax saving deadline is fast approaching, hope you have made the necessary tax saver investments.

Top Bite this Week

Is gold losing its glitter? Should you buy it now?

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Demystifying the New Mutual Fund Riskometer

In recent times, mutual funds have undergone many regulatory changes. The primary motive behind most of these changes is to make mutual fund investments more transparent and safe for investors. One of the noteworthy changes that are being implemented by SEBI is the introduction of risk levels attached to all mutual fund schemes.

SEBI announced the introduction of a new riskometer back on October 5, 2020. This has come into effect on January 1 2021. Accordingly, all mutual fund houses have been instructed to notify investors about the risk level of their schemes. The risk levels must have a six-stage scale ranging from “Low” to “Very High”.

 Are you curious about what this means for you as an investor and how it could help you invest better? Let’s have a look at some important aspects to note about the new mutual fund riskometer.  (more…)

How women can step up and take charge of their finances?

For decades, the assumed image of an Indian woman has been that of a saree-clad, bindi-laden, timid individual who is supposed to shy away from any responsibilities other than those of the household and the family. As times change, this image is anything but laughable to associate with the modern Indian woman. 

Today, women in India struggle equally to have a good work-life balance, as their male counterparts. Be it the boardroom, a fighter jet, or even as the lead of a space mission, they have very much been there and done that. But then the question arises, why do most women let men take charge of their finances? Why do a lot of them allow men to be the decision-makers of money matters? Let’s probe into these questions and try to address the growing need for women to control their financial matters.

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📈Passive Investing | Let the index make money for you | Money Bites Newsletter 05 Mar

Money Bites

Short bites to keep you informed of matters that impact your wallet and wealth

Hey there,

Hope you are doing well!

We are overwhelmed by your responses to our newsletter on the fall in Bitcoin prices. Keep them coming! If you have missed out on our earlier issues, you can always check them out on our website.

The Government has now allowed all private hospitals to carry out vaccinations against COVID. Also, vaccinations have been allowed to be carried out 24/7. If you fall in the eligible category, make sure you get yourself vaccinated at the earliest.

Top Bite this Week

Is passive investing the way to go for retail investors?

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Tax saving for senior citizens

Tax saving options suitable for senior citizens

India is a relatively young country but has a significant senior citizen population. Any person over the age of 60 years is termed as a senior citizen in India. The Government of India provides many incentives for the benefit of the senior citizens of the country in terms of health care, tax benefits, etc. There are many schemes that are centered to provide not only a retirement fund at the time of old age but also provide tax benefits to the senior citizens. 

Given below are a few popular choices for tax-saving schemes that can be used by senior citizens to not only build a corpus fund but also save some taxes along the way. (more…)

Index. Sit Back. Relax

Anybody who has ever entered the stock market has only had just one thing in mind – to beat
the damn thing. Double the money, I say! Triple it! And do it before my next birthday. It’s ironic.
The market’s gone up and up these past many decades, and yet, strangely, no money manager
will ever say that getting the market’s returns is a worthy enough goal.

So then, how do you beat a system that has millions of participants, each playing by his own
rules, and all of them essentially blind to one another?

An easy answer is, well, you don’t. A better answer is, you could try. How difficult could it
possibly be? All you need to do is buy low, sell high. Time your entry and exit right. Right? (more…)