Securities Transaction Tax (STT) is imposed on both buyers and sellers in the Indian stock market. Capital loss occurs while selling an asset for less than its purchase price and can be used to offset capital gains. Both short-term and long-term losses can be carried forward for 8 years.
4 min read12 Mar 2024Kuvera co-founder Neelabh Sanyal takes us through his portfolio. Sanyal invests 80% of his assets in equities through index funds. These are index funds tracking the Nifty, Nasdaq and Midcap indices. The balance amount is in FDs and liquid funds.
14 Jun 2023Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
5 Apr 2023The decision made by India to begin taxing returns from fixed-income mutual funds is expected to strengthen the country's lenders' efforts to attract deposits. This will help in financing a revival in the country's credit growth and increase profits. The nation scrapping tax incentives for some debt mutual funds has paved the way for banks to garner as much as $36 billion in deposits from the asset managers, according to Sunil Mehta, chief executive officer of Indian Banks’ Association, a lenders’ lobbying body. The move comes as a respite for the financiers as the widening gap between credit off-take and deposits has sparked risks of asset-liability mismatches and pushed up funding costs.
5 Apr 2023Term insurance is a contract where a life insurance company undertakes to pay a specific amount of money known as a sum assured to the nominees of the person who has taken the insurance. The premiums are low and the amount of sum assured is high. Since this is a product that involves huge risk for insurance companies, the process involved in obtaining a term insurance is quite complicated and requires a lot of documents and proofs. Many times, it so happens that a company has denied the application for term insurance even when one has submitted all the required documents and proofs. In this video, we are going to cover the reasons why a term insurance policy application may be denied by the insurance company. #innsurance #finance #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze
22 Dec 2022Investing your money for a better future is a wise decision, but determining where to invest can be difficult. These days we have multiple investment options, but we don't know what's best for us. So today we will be telling you why you should invest in mutual funds and why they are the real deal to invest in. #investment #mutualfunds #finance #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze
29 Nov 2022The scheme has generated over 21% annualised returns in the last one year, splendidly outshining the category average return of 6% in the same time period.
1 min read11 Sep 2020As on July 31, Parag Parikh Long Term Equity Fund has 27.19% of its portfolio in overseas stocks. Top five holdings of the scheme are- Amazon (8.71%), Alphabet (7.52%), Persistent Systems (6.77%), ITC (6.03%) and HDFC Bank (5.88%).
1 min read9 Aug 2020The scheme was a topper across equity mutual fund categories in the three year period. In five year period, the scheme took the second place
2 min read22 Jul 2020We tend to ignore the costs associated with entry, exit and the speed of the transaction
4 min read10 Sep 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared