Should you invest in debt mutual funds before March 31 to be eligible for LTCG benefit?

Since the new rules will come into effect from April 1, 2023, some investors could explore to invest in debt funds on or before March 31 so that these investments are eligible for long term capital gain benefits.

How to use your annual bonus wisely? Here are 5 ways

Spending all of your bonus money on wants might not be the best idea in current global economic scenarios. In this article, let’s understand how to use it wisely.

Bitcoin back but 81% of it traded in Feb was on just 1 exchange - Binance!

Binance is the largest crypto exchange by trading volume and based on the data it provides, its dominance in bitcoin trading has reached an extreme high in recent months, said Morgan Stanley.

Rupee gains 3 paise to close at 82.37 against US dollar

At the interbank foreign exchange market, the local unit opened at 82.36 against the American currency and finally settled at 82.37 (provisional) against the greenback, registering a gain of 3 paise over its previous close of 82.40.

Gold declines ₹640, silver tumbles ₹700; check rates here

In the overseas market, both gold and silver were trading lower at USD 1,970 per ounce and USD 23.10 per ounce, respectively.

CLSA upgrades Kotak Bank to a ‘buy’, sees 23% upside; here's why

The brokerage considers the bank to be a big bank growth leader. Over the past 18 months, Kotak's loan growth has accelerated to +20%.

Why is PEG ratio better than PE ratio for long term investing? Here are 5 reasons

The PE ratio is the most common matrix while making investment decisions for long-term investors. In this article, you will understand PEG ratio gives you a better picture than solely depending on the PE ratio.

Debt fund taxation changes marginally positive for life insurers, banks: CLSA

Market experts are not happy with the most recent changes in the taxation of debt mutual funds (MFs). This is negative for MFs but marginally positive for life insurers, banks. Here's why.

Market Wrap: Sensex, Nifty rise on positive global cues; mid, smallcaps underperform; over 600 stock plumb 52-week lows

Sensex ended 127 points, or 0.22 percent, up at 57,653.86 while the Nifty50 closed at 16,985.70, up 41 points, or 0.24 percent.

Udayshivakumar Infra trades at a premium of ₹15 on grey market ahead of share allotment on Tuesday

The initial public offer (IPO) price per share is ₹35 while its estimated listing price as of current grey market premium is ₹50, 42.86% higher.

Reliance Industries a compelling buy post correction, says Kotak Institutional Equities; sees 32% upside

The brokerage firm has a ‘buy’ call on the stock with a target price of ₹2,900 (earlier Rs3,000), implying a 32 percent upside from the stock's March 24 closing of ₹2,203.50 on BSE.

6 reasons why Chris Wood believes India may outperform Asian and emerging market peers

Stocks

Wood believes that there is potential for renewed outperformance by India in an Asian and emerging market context. However, he pointed out that the challenge, as always in India, remains relatively high valuations.

Titan's roadmap for long-term success: Bolstering core business' growth along with focus on emerging brands

Titan has reported decent numbers in the latest quarter with a YoY growth of 13.4%, clocking in ₹ 11,383 crore of revenue. Total income increased by 11% YoY comprising of 9.5% YoY growth from India operations.

Long journey ahead for rural India: Survey reveals stark urban-rural divide

The Max Life's IPQ survey reveals a stark urban-rural divide in financial preparedness, with rural India scoring 12 points on the Protection Quotient scale, and only 22% owning life insurance products. 

Multibagger! Up 388% in 3 years but down 10% in 2023 so far, should you invest in this paper stock?

The year 2023 has not been great for paper stock JK Paper. The stock has shed over 10 percent in 2023 so far. But in the long term, the stock has shone like a diamond. Should you buy the stock now? Let's find out.

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Lupin jumps nearly 5% during Friday’s trade

Reasons why health insurance is a vital investment for the younger generation.Story

What is Additional Tier-1 bonds? All you need to know

Income Tax department launches app to allow taxpayers to view details on AIS

Should you opt for short term loans to meet instant financial needs?

Short term loans can be beneficial for those with immediate financial needs, as they involve smaller amounts and the approval and disbursal process is easier than for conventional loans.

MintGenie Specials

New investors should invest as early as possible to average out volatility, says Harshad Patil of Tata AIA Life

In an interview with MintGenie, Patil advises that new investors should invest as early as possible and stay invested by averaging out the market volatility to benefit from long-term compounding of returns.

Saving requires discipline, especially when you're young and not earning, says student Aagam Jain

In order to comprehend what money means to today's youth in a growing world, this series explores students and young working professionals and their perspectives on money and finance.

Market may continue to correct over medium term; money-making opportunities are few, says Sameer Kaul of TrustPlutus

Kaul said irrespective of the phase the market is in, the portfolio needs regular maintenance. That is best done by letting the winners in the portfolio ride and easing out the losers.

BFSI sector has potential to generate healthy long-term returns, says Deepak Chhabria of Axiom Financial Services

In an interview with MintGenie, Axiom Financial Services’ Deepak Chhabria shared how valuations are not as stretched as they were a few quarters back.

Expert Speak

Fed's rate-hike campaign may continue; what should investors do?

While a pause is possible in the near future, a cut in interest rates is highly improbable. It appears the market is not going to get comfort from the Fed this year.

5 major financial decisions you should make for a better future

Financial decisions should be taken holistically and considerately, considering one’s age, family, other goals, risk appetite and other factors, and should be done with the help of an expert mentor when necessary.

Health Insurance: 5 reasons why it is a vital investment for the younger generation

Health insurance can help protect young individuals from unexpected medical expenses and provide them with financial security. It also provides a peace of mind, as it can cover medical costs and help protect from lifestyle diseases.

Amid turmoil in banking sector, follow these steps to weigh risk that the banks face

To weigh the risk that the banks face, individuals should assess risk accurately with the help of objective knowledge and allocate money efficiently towards their future rather than leaving large sums in bank deposits.

Lessons In Investing

After a 20% fall in 1 year, is it time to accumulate IT stocks? 6 analysts answer

On the back of the correction in the IT sector and is the time right to accumulate stocks from the space, should one wait longer before adding more or is it time to sell? Let's see what 6 experts have to say:

LTIMindtree: Why this IT company appears to be a good bet going ahead

The company is the merged entity formed after the merger of erstwhile Mindtree with LTI and offers application development, IMS, digital solution services to BFSI, retail, health, media &amp; hi-tech verticals.

Tech Mahindra vs LTIMindtree: Which IT stock is a better long-term investment?

On the back of the recent corrections in the IT space, let's compare LTIMindtree (LTIM) and Tech Mahindra to figure out which offers better long-term investment opportunities.

DEEP DIVE

In case of crisis or difficulty, a bank can take the liberty to convert them into equities or write-off like the recent case of Credit Suisse episode and Yes Bank incident from 2020.

Go long on India: Why should you be bullish on the Indian growth story?

Investing in the stock market for the long term and focusing on your career is the best way to create wealth and achieve financial goals.

Your Questions Answered: What happens to my money if a bank goes bankrupt?

Deposit Insurance and Credit Guarantee Corporation provides insurance coverage up to ₹5,00,000 per bank and depositor in the event a bank goes bankrupt.

Explain Like I am 5

Kin's love: Is this good tax planning to use family members for tax exemption?

One can give a gift to a relative as part of the income tax planning, one can also open term deposit accounts in the name of parents, particularly when they fall in the lower tax bracket. 

All You Need To Know

Udayshivakumar Infra IPO share allotment today: Here's how to check status

On Day 4 of subscription, the issue continued to see overwhelming response from non-institutional investors (NIIs) who subscribed to it 60.42 times followed by qualified institutional buyers (QIBs) who subscribed to the issue 40.47 times. Retail investors' portion was subscribed 14.10 times. The issue was subscribed 30.63 times on the final day.

How to get out of debt fast? Here are 3 simple strategies

Do not equate your financial success with the amount of debt you are repaying every month. You cannot hail yourself financially independent unless you have freed yourself of the burden of debt that is disallowing you to pursue what you want to.

Income tax: How to file ITR-1 (Sahaj) form? All you need to know

The ITR-1 form is the most basic form used for filing income tax returns in India and is applicable for taxpayers with an income of up to ₹50 lakh. Filing the ITR-1 form is a fairly straightforward process and can be done online in a few simple steps.

How To

Is Fed action adequate to curb US banking crisis?

During crisis, Fed intervention proceeds in two stages: a) Financial sector stability: Emergency repo liquidity injections to check the unfolding panic; b) Economy growth: Outright asset purchase program/rate cuts (QE) to support growth. In the first stage, banks control the expansion in Fed’s balance sheet while in second, it’s the Fed. 

Financial preparedness of India's rural population

A first-ever rural edition of Max Life’s flagship India Protection Quotient (IPQ) survey conducted in partnership with KANTAR highlights the gaps between the urban and rural regions of the country and the need to empower rural India’s households to become better financially prepared.

Investment in equity assets has increased in the past one year

Almost 89% of equity schemes get their investment from individual investors and 80% of individual investor assets are held in equity-oriented schemes.

Over 80% of consumers willing to cut down on luxury to afford health insurance

As per survey, 85% of the respondents would consider cutting down on some luxury items so that they could spend more on health insurance. Additionally, more than 88% respondents believe that mental health consulting should be included in the health insurance policy. 

Infographics

Magic of compounding: These multi cap funds gave 11% CAGR returns in the past 5 years. Should you also invest?

In multi-cap mutual funds, fund managers must invest a minimum of 25% in each of small cap, mid cap and large cap stocks unlike flexi-cap schemes where fund managers can choose any ratio of market segments. 

How can women start their investment journey? MintGenie explains

Women in India can start their investment journey by exploring options such as SIP, FDs, RDs, ETFs PPF and seeking professional advice if needed.

Interested in annuity plans from LIC? Here are 3 plans you can look at

Jeevan Akshay – VII, New Jeevan Shanti and Saral Pension are three annuity plans offered by LIC. 

Personal Finance

Stocks to buy: Analysts recommend Apollo Hospitals, HDFC Life, Godrej Consumer Products among 8 picks

The market is expected to remain volatile in the short term as investors remain worried over the health of banks even though analysts and experts say it is unlikely that the current banking crisis will be a repeat of the 2008 global financial crisis.

Meme Of The Day: When your CA friends are not helping you with tax filing

The Income Tax department recently launched a mobile app — ‘AIS for Taxpayer’ to enable taxpayers to view their information available in the AIS. Taxpayers can use the mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, Other Information (GST Data, Foreign Remittances) as available in AIS/TIS.

Meme Of The Day: The time of the year when CAs are hounded by their 'friends'

In case you happened to under-report your income in the financial year 2019-20, then you are allowed to file an updated income tax return (ITR) prior to March 31, 2023 to incorporate the changes.

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Should you invest in debt mutual funds before March 31 to be eligible for LTCG benefit?

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Meme Of The Day

Meme Of The Day: When your CA friends are not helping you with tax filing