Mutual funds: Want to redeem your investment? 9 valid reasons to do so

Some reasons to redeem mutual fund units include financial goal achievement, financial goal timeline is approaching, revert to base asset allocation, scheme changes, financial emergency, change in financial goal, taxation change, scheme performance is lower, better investment opportunity, etc.

96% of large-cap active funds underperformed index over 3 years. Should you shift to passive funds?

As per the SPIVA India Scorecard 2022, most large-cap active funds have underperformed the S&amp;P BSE 100 index over 1, 3, 5, and 10-year periods. Considering the active funds' underperformance, should you switch to passive funds with low expense ratios, diversification, and index returns?

RBI launches centralised portal for unclaimed deposits: Here's how to check if you have one

With the UDGAM portal, an individual can track unclaimed deposit(s) for self or a deceased family member across all banks.

Are high interest rates pinching your pockets? 4 home loan repayment options

Home loan repayment options include using the annual bonus for lumpsum prepayment, increasing the EMI by 5 to 10% every year, using recurring deposit maturity proceeds for prepayment, paying additional EMI(s) every year, etc.

Airline loyalty programs: How to make the most of Club Vistara membership?

The Club Vistara program helps you earn and redeem CV points on the Vistara network. Being a CV member, you can enjoy other privileges depending on your membership tier. A Vistara co-branded credit card can enhance your experience further by providing you with free Vistara award ticket vouchers.

Independence Day 2023: 6 steps to achieve financial freedom

Aiming for financial freedom allows individuals to pursue their dreams and desires without being constrained by the need to earn a living.

How can passive income give financial freedom? MintGenie explains

Passive income from various sources, like interest, dividends, rent, etc., can be your pathway to financial freedom. As your passive income grows over time, it can take pressure off your primary income source and eventually replace it in the long run, giving you financial freedom.

Markets at all-time-highs: Importance of asset allocation and why you should follow it?

When markets are at all-time highs, review your portfolio regularly and rebalance it. Maintaining asset allocation at all times limits your losses during big stock market falls. Asset allocation diversifies your investment portfolio, reduces risk, and gives better risk-adjusted returns.

Income Tax: Beware of missing the deadline to avoid these consequences

If you delay filing your ITR or don’t file your ITR, you can get a notice from the Income Tax Department. For late filing, you have to pay a penalty of Rs. 5,000 and 1% simple interest per month on the outstanding tax amount.

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