Daily Market Analysis – 12th Feb 2021
1. The government is planning to spend Rs 700 crore on setting up 2,500 farmer producer organizations (FPOs) in 2021-22. This will help the government reach out to 60,000 farmers and provide them with a better farming ecosystem. A group of small and marginal farmers as FPOs will have better bargaining power and financial strength to cultivate high-value crops said, officials. This is part...
Insurance and its Tax Benefits
Saving taxes is everyone’s predominant motto when it comes to investments. Thankfully, the Income Tax Act 1961, has allowed various types of investment avenues to be exempt from the purview of income tax. If you choose these avenues for investment, you can earn tax exemptions and deductions on the amount you invest, the returns generated and the benefit you get. When it comes to...
Daily Market Analysis – 10th Feb 2021
Reliance Jio, Bharti Airtel & Vodafone Idea apply to bid in spectrum auctions: Telecom Market leaders Reliance Jio, Bharti Airtel and Vodafone Idea have filed applications for participation in the upcoming 4G spectrum auctions which are due to start on March 1, 2021. The auction for over 2300 MHz of airwaves, valued at Rs 3.92 lakh crore at base price, though is likely to see limited...
7 Reasons Why ELSS Has Evolved Into A Popular Tax Saving Alternative
Equity Linked Saving Scheme can serve as the ideal option for those investors who wish to benefit from tax savings and better returns in the long run. Coupled with a drastic growth in its popularity over the last few years, a large number of misinformation has developed surrounding its operations. Today we are going to educate all potential investors about the advantages associated with...
Daily Market Analysis – 2nd Feb 2021
Budget 2021 May Dent Retirement Savings as PF Interest Above a Certain Limit to Get Taxable The budget has plugged a major tax leak by placing a cap on the Provident Fund contribution that will earn tax-free income. A lot of people contribute huge sums to the Provident Fund every month to gain tax-free interest. Now that has been capped at Rs 2.5 lakh a year. Interest earned on Provident...
Unheard Facts of Budget 2021
Some of the facts which you don’t know about Budget 21. Here is the list 1. ULIP maturity is TAXABLE. Budget 2021 has proposed not to provide tax exemption under section 10(10D) of Income Tax Act for maturity proceeds of the unit-linked insurance policies (Ulips) with annual premium above ₹2.5 lakh. The rules will apply for Ulips issued on or after 1 February 2021. According to...
5 Reasons Of Having Your Own Financial Advisor From An Early Age
Mastering the subject of personal finance might not be everyone’s cup of tea. Luckily, it is not always required to master the intricacies of everything when you can hire professionals who are well versed in the same. Today we are going to take you through the reasons of prime importance to hire your own financial advisor from the very onset. Holistic Analysis Financial consultants can...
Daily Market Analysis – 28th Jan 2021
SEBI to reduce minimum application size: India’s capital and commodity markets regulator is in talks to cut down the minimum application size for IPOs from Rs 15,000 to Rs. 7,500 in an attempt to provide higher subscriptions to retail investors. SEBI has received several complaints from retail investor associations that retail investors are unable to get IPO subscription in most of the...
Daily Market Analysis – 25th Jan 2021
Mutual Funds continue to attract investors in 2020 add 72 lakh folios Higher disposable income and low interest on bank deposits have attracted people towards Mutual Funds. Mutual funds have added 72 lakh folios in the pandemic year 2020. In comparison, the industry had seen the addition of 68 lakh investor accounts in 2019, data with the Association of Mutual Funds in India (Amfi) showed....