Money

How you can save premium costs on your life insurance policy

The key factors that play an important role in determining the life insurance premium payment include age, gender, health conditions, premium paying term, policy term, type of product selected

How to make a financial plan and stick to it

• A financial plan can help you be on track and lays down the roadmap for you to achieve your goals. It considers your current financial situation and offers strategies that will help you to accomplish your objectives

All you need to know about tax deductions on home loan

• Under Section 80C you can claim a deduction of ₹1.5 lakh against the principal repaid. However, after availing this tax break the taxpayer can’t sell the house within 5 years of possession. In that case the tax break will be reversed.

5 ways to avail different forms of credit card EMI options

• The repayment tenure of credit card EMI conversion can range between 3-60 months basis the EMI type opted for; card users can easily repay their dues in smaller tranches at a lower cost depending on their repayment capacity.

Income tax impact of switching in mutual funds explained in 5 points

The mutual fund industry has sought uniformity in the tax treatment for switch transaction in respect ULIPs and mutual fund products

Except PSUs, there isn’t genuine value in 'value stocks': PGIM's Ravuri

• In the upcoming Budget, we are looking forward to further simplification of norms for investing into mutual funds and a level playing field, says Srinivas Ravuri, CIO Equities, PGIM MF.

Bitcoin gyrates 10% as crypto market stays volatile

• The fall came amid the US Senate confirming Janet Yellen as the next Treasury chief. The former Federal Reserve Chairperson had last week commented that cryptocurrencies are used for illegal activities, stoking fears that the Joe Biden administration might crack down on cryptocurrencies.

You may soon get standard individual annuity product Saral Pension

• All insurance companies must offer this single premium, non-linked, non-participating immediate annuity plan from 1 April, 2020.

IDFC First Bank revises fixed deposit (FD) interest rates. Latest rates here

• IDFC First Bank latest FD interest rates are applicable from 16 January 2021
• State Bank of India (SBI), Axis Bank and PNB also revised the interest rates on term deposits this month

Returns on my investments

A portfolio must have an ideal mix of financial products Here's a look at how four commonly used asset types—equity, cash, gold and fixed income—have done in different periods

Your tax is determined by residential status

If an income has been earned in India, it will be taxable here, even if you are a tax resident of another country

A mutual fund portfolio has to be compact to perform better

• A high number of schemes drags down the portfolio’s ability to generate excess returns, say experts
• MF holdings often overlap with one another, leading to the replication of similar portfolios in different schemes

Is switching your savings account a real no-brainer?

The banking system is shifting faster than ever before to an online-centric mode, making access to local bank branches less consequential and the ability to switch banks far easier. Mint unravels the pros and cons of switching your savings account for higher rates.

15 personal-finance lessons we can all learn from the year of Covid-19

Among them: You really do have to plan for emergencies, and your personal-finance decisions don’t exist in a vacuum

Bitcoin jumps 2.32% to reclaim $33,000 level

• Bitcoin the biggest cryptocurrency with a market capitalisation of $622 billion, has delivered around 20% return since the start of the year, having touched an all-time of $41,940.

IDFC First Bank credit cards come packed with benefits

• Each card caters to different customer segments and the bank uses different parameters to segment the applicant, including age, income, and lifestyle

Top-performing hedge funds of 2020

Tiger Global Management placed first in a world hedge-fund ranking and quant powerhouse Renaissance Technologies was ousted, another sign that trading conditions favoured human stock-pickers over algorithms

Irdai notifies guidelines on cross-border reinsurers

• The insurer who wishes to place re-insurance business with CBR shall file an online application with the Irdai, for allotment of FRN for CBRs under the category of eligible CBR or non-eligible CBR, as the case may be.

Building a healthy CIBIL Score

Are you looking to borrow money from your bank or a financial institution? If the answer is yes then prospects of your loan application being accepted or rejected depend on your CIBIL Score

''Simplification will be a big force in driving insurance demand''

• ''The first four months of the financial were very robust and we were growing at 50% plus in that period. The next four months, the demand was muted and our growth rates were in the 20-30% range.''