Why Not Mint Money News

You can earn one crore rupees by investing just ₹10,000 per month in equities. You may be wondering how? The 10*20*12 rule is the answer. Personal finance analysts are recommending the 10*20*12 formula. This entails investing ₹10,000 every month at 12 percent returns for 20 years.

The denial of set off and carry forward benefits to gains on crypto have made crypto trading extremely tax inefficient in India. Holding cryptocurrency abroad will make no difference to this position. You can however get indirect exposure to cryptocurrency through crypto related stocks and ETFs in the US, with greater tax efficiency. Mint explains.

Union Finance Minister Nirmala Sitharaman set the agriculture credit target to ₹16.5 lakh crore in the Union Budget 2021. “Our government is committed to the welfare of farmers. The MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities,” said the finance minister. Sitharaman said the procurement of crops like paddy, wheat, pulses & cotton had witnessed a jump in the last six years. “The procurement has also continued to increase at a steady pace. This has resulted in increase in payment to farmers substantially,” Sitharaman added. This is the first budget after the Covid-19 pandemic and the ninth one under the Modi government. The Union Budget 2021 is also unique as it was the first paperless budget. Watch the full video for more.

Data from Kuvera about Nifty 50 returns from 1990 to 2019 tell us about what sort of returns investors have historically got after market corrections.

Taher Badshah of Invesco Mutual Fund gives Neil Borate his views on how attractive market valuations are after the more than 20% correction in the past month. He also tells us why Invesco Contra Fund has outperformed its benchmark and peers.

The Novel Coronavirus has taken the world by storm. While several advisories are floating around on prevention, will your health insurance cover the disease if you indeed happen to get infected? Anup Rau, MD and CEO of Future Generali India Insurance answers some pertinent questions on COVID-19 and health insurance.

If you are a banking customer or investor affected by the moratorium on withdrawals from Yes Bank, here are 5 points of concern that you may have and we give you the course of action to consider.

Two of the major milestones in women's lives is getting married and having kids. As joyous as both the occasions are, they can both derail your independence--financial and otherwise--if you don't plan carefully. A lot of women choose to leave the workforce either at the time of marriage or at the time of having a child. However, financial independence can lead to a healthy relationship and also help you secure your child's future. Do watch this video to know more.

The fear of not being able to eliminate the Coronavirus has spooked global equity markets, including India. China’s GDP is expected to decelerate by 1-1.25 percentage points over 2020 due to halting of economic activities in key production centres. This is expected to curtail discretionary expenditure on travel and other things, which will impact global growth. This can further be confirmed by the fact that many airlines have cancelled flights to affected countries and airfares have been slashed considerably. On this episode of Why Not Mint Money, Mint's Disha Sanghvi helps you understand why the markets are fearful and how you should deal with the current situation in terms of your investments and travel plans

Vidya Bala of Primeinvestor tells mutual fund investors whether they should worry about the Coronavirus. She also tells investors what lessons they should take from the debt crisis, how to approach international investing and the prospects of passive funds against actively managed funds.