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Changes in Income Tax Law come into effect from April 1, 2018

Changes in Income Tax Law come into effect from April 1, 2018

Changes in Income Tax Law come into effect from April 1, 2018. Finance Minister Arun Jaitley proposed various income tax changes in the Budget 2018.  These changes will come into effect from April 1, 2018. These tax changes will impact on many taxpayers in a number of ways. However, he has kept the basic income tax rates, exemption and the slabs unchanged. Some key changes in income tax are a standard deduction for salaried employees, increase in cess and introduction of [...]

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Financial tasks you should complete before financial year 2018-19

Financial tasks you should complete before financial year 2018-19

Financial tasks you should complete before financial year 2018-19. The beginning of the Financial Year 2018-19 can be the best time to check out your belongings.  Yet, before that, there are few questions we will ask you. Same as the general population, are you leaving tax planning to the last minute and investing in wrong instruments because of the year-end rush? Do you routinely check your portfolio? Are you confirm about your capital gain tax liability? Are you ensure that [...]

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WHY WE NEED AWARENESS ABOUT HEALTH INSURANCE

WHY WE NEED AWARENESS ABOUT HEALTH INSURANCE

WHY WE NEED AWARENESS ABOUT HEALTH INSURANCE. Since the last few years in India, the condition of Medical Coverage is at a pathetic level. According to a survey, only 15% of the total population of India use Health Insurance Plans to pay their medical expenses. These individuals pay their medical bills or expenses from their own pocket. Therefore, a large number of these uninsured individuals either end up with low-quality medical & health services or need to manage financial difficulties. Sometimes the medical [...]

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Mutual Fund industry Average AUM reaches Rs 22.61 lakh crore in December

Mutual Fund industry Average AUM reaches Rs 22.61 lakh crore in December

Mutual Fund industry Average AUM reaches Rs 22.61 lakh crore in December Mutual Fund industry Average AUM reaches Rs 22.61 lakh crore in December. The AUM has reached an all-time high of Rs 22.61 lakh crore. As on December 31, 2017, the AUM remained at Rs 21.38 lakh crore. In 31st March 2007, the AUM of Mutual Fund industry was Rs 3.26 lakh crore and now it has developed to Rs 21.38 lakh crore as on 31st December 2017. Around six and [...]

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Mutual Funds: Are SIPs the ideal way for investing in a Bull Market?

Mutual Funds: Are SIPs the ideal way for investing in a Bull Market? Mutual Funds: Are SIPs the ideal way for investing in a Bull Market? In the apparently regularly surging business sector situation we invest our money in Finance Market. The reason for investing money make more sense well than a month or two later when the market may be significantly higher than the present level. Sensex has effectively risen 28% from 25,700 in December 2016 to past 33,000 [...]

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tax deduction limit to Rs 2 lakh a year

Budget 2018 may increase Section 80C tax deduction limit to Rs 2 lakh a year

Budget 2018 may increase Section 80C tax deduction limit to Rs 2 lakh a year On Budget 2018, Finance Minister Arun Jaitley may increase Section 80C tax deduction limit to Rs 2 lakh a year from Rs 1,50,000. The tax exemption is for products including bank fixed deposits, insurance premium, and mutual funds. The increment in limit could be a part of a strategy to encourage people to save more money in financial instruments. It also keeps away people from locking [...]

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5 Financial Planning Resolutions for this New Year 2018

5 Financial Resolutions for this New Year 2018

5 Financial Resolutions for this New Year 2018 New Year 2018 is coming and we all are busy making different plans for our future. Among these plans, there are some financial plans to improve our health, social and family life. We have to make some financial resolutions to achieve these goals in New Year 2018. And by a proper financial planning, we can fulfill these plans to live a worry-free life. Here are the 5 financial resolutions to take a [...]

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Concern of over-diversification for mutual fund investors

Concern of over-diversification for mutual fund investors

Concern of over-diversification for mutual fund investors The concern of over-diversification for mutual fund investors. Numerous new mutual fund investors are becoming more informed about the risks of over-diversification nowadays. These investors, who have collected many best performing plans in their mission to enhance their mutual fund portfolio. Mutual Fund experts told that their portfolio is brimming with comparative plans that will just weaken the general returns. Here are a few pointers that would help you to maintain a strategic distance [...]

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RBI report: Mutual fund see additional inflows, show symptoms of risks

RBI report: Mutual fund see additional inflows, show symptoms of risks RBI report: Mutual fund see additional inflows. Reserve Bank of India indicated that equity and debt mutual funds in high liquidity market witnessed striking inflows. This is indicating the risk is expanding from banks to mutual fund assets. Mutual fund asset class appear to enter the development stage in India with expansive basing of investors and topographical spread. The report featured that AUM has expanded from Rs 17.55 trillion in [...]

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Things to remember while renewal of Health Insurance

Things to remember while renewal of Health Insurance

Things to remember while renewal of Health Insurance Things to remember while renewal of Health Insurance. Health Insurance is a coverage for the medical expenses of the insured member during a policy year. It relies on the insured member that what kind of health coverage he has picked. The Health Insurance cover the medical costs which incorporate hospitalization costs, day-care procedures, domiciliary hospitalization, pre and post-hospitalization costs and so on. There are different other additional items can be appended to [...]

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