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There is an old household habit that many of you will recognise from your own childhoods, of the woman who divided the month’s money into small cloth pouches the moment her husband’s pay arrived: one for vegetables, one for milk, one for the household help, and larger ones set aside for savings and for a…
The unified payment interface (UPI) system being implemented abroad, allows eligible customers, including Indian tourists and travelers visiting foreign countries, to securely send and receive money instantly while significantly lowering payment costs compared with conventional cross-border transfer methods. As UPI acceptance widens globally, users can expect several practical advantages while travelling to participating locations. Expansion…
Have you endured serious underperformance in the Nifty50 index and the broader equity markets over the past year or so? Do you have any plans to combat such a situation in future? Have you considered meaningful asset allocation strategies to ensure that you make investments in such a way that your risk and portfolio volatility…
Credit cards have now become an indispensable part of modern financial lives across the nation. This is because these credit tools provide day-to-day users with comfort, convenience, rewards, and access to short-term credit. Furthermore, from online shopping to travel-related bookings and emergency expenses, their ease of use enables transactions and helps reduce dependence and mounting…
If you have ever invested in an ETF, you may have noticed that it displays two values—a market price and a net asset value (NAV). Unlike other mutual funds, where investors transact only at the NAV, ETFs are bought and sold on stock exchanges throughout the day at market prices. The NAV represents the per-unit…
With Indian equities witnessing bouts of volatility for months now, many investors are looking overseas for stability and growth. Markets such as the US and China have delivered strong returns, prompting a common question: Should Indian investors diversify globally, and if so, where should they invest? And how much of their portfolio should they allocate…
Some funds blend price momentum with a fundamental or quality overlay. Motilal Oswal applies its momentum model on top of stocks already under its research coverage, vetted through the firm’s quality, growth, longevity and price (QGLP) framework. “We apply our proprietary momentum model, which generates investment ideas and suggested allocations. The quality filter remains intact…
The Income Tax Department has enabled a new Foreign Assets Information (FAI) feature on the e-Filing portal, allowing eligible taxpayers to view information about their overseas financial accounts and assets received by India under international information-sharing arrangements. The move is aimed at improving voluntary compliance and helping taxpayers verify foreign asset details before filing returns…
When you invest in a mutual fund, buy insurance, or open a bank account, picking a nominee is one of the first things you are asked to do. But one situation that many investors don’t think about until it happens is when the person they nominated passes away before them. If your nominee dies before…
A Mumbai woman has secured relief from the Income Tax Appellate Tribunal (ITAT) after it deleted an addition of ₹80.10 lakh made under Section 69 of the Income-tax Act, holding that the tax department cannot treat an investment as unexplained solely because one remittance document was unavailable when the overall transaction is supported by sufficient…