The cost of inflation index (CII) for the financial year 2021-22 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 202-22 as 317. For the previous FY 2020-21, CII value was 301. The rate of inflation for indexation purposes is specified by the Indian Government for every […] This Post appeared first on ReLakhs.com. Sreekanth Reddy ..read more

The year 2020 has been an year of ups and downs for Indian equity markets, much like a roller coaster.  After a catastrophic drop in March 2020 (due to the covid-19 pandemic), the Indian markets have recovered swiftly and are now trading at their life-time highs. The last calendar year has been a real-test of character for the […] This Post appeared first on ReLakhs.com. Sreekanth Reddy ..read more

For salaried employees, the deadline to submit the provisional tax saving investment proofs is fast approaching. Most of the employers collect the documents in January. During this period investors/employees who have not done their tax planning rush to buy life insurance policies or some other tax saving investments. Equity Linked Tax Saving Mutual Fund Scheme […] This Post appeared first on ReLakhs.com. Sreekanth Reddy ..read more

ICICI Securities, Motilal Oswal, Zerodha, Kuvera… Be a full-fledged broking house or a discount broker, all are being too ambitious and competing to offer overseas trading facilities at minimal cost. Courtesy to new generation platforms like Vested Finance or interactive brokers, savvy investors are jumping in to tap this opportunity. Let’s rewind back to 2009, […] This Post appeared first on ReLakhs.com. Gursimran Singh ..read more

The Mutual funds are broadly classified as Equity based and Debt oriented mutual fund schemes. Equity funds are further classified into different categories like Large-cap, Mid-cap, Small-cap, Multi-cap, ELSS (Tax saving), Balanced funds etc., A Large-cap oriented mutual fund scheme primarily invests (minimum) 85% of its total assets in large-cap company shares. Similarly, as per the […] This Post appeared first on ReLakhs.com. Sreekanth Reddy ..read more

Capital asset typically refers to anything that you own for personal or investment purposes. It includes all kinds of property; movable or immovable, tangible or intangible, fixed or circulating. Capital assets are further classified as Financial Assets and Non-Financial Assets. Financial assets are intangible and represent the monetary value of a physical item. Stocks (Shares) […] This Post appeared first on ReLakhs.com. Sreekanth Reddy ..read more

NPS (National Pension Scheme) is one of the very popular Pension oriented products in India. As on 31st October 2019, NPS has around 1.29 Crore subscribers with total Assets under Management (AUM) of more than Rs. 3.74 lakh crore. NPS was started in 2004 for govt sector employees and which was later opened to all citizens for […] This Post appeared first on ReLakhs.com. Sreekanth Reddy ..read more

We are all aware of the fact that ‘mutual funds are subject to various market risks‘. This is because there is no way to predict what will happen in the future (or) whether a given asset will increase or decrease in value. Because the market cannot be accurately predicted or completely controlled, no investment is 100% risk-free. As a mutual […] This Post appeared first on ReLakhs.com. Sreekanth Reddy ..read more

In India mutual fund industry’s asset under management (AUM) has been growing at a rapid pace. The total AUM has reached around Rs 25.50 lakh crore in August 2019. The asset under management of Debt, Equity and Hybrid schemes at the end of August 2019 stood at Rs 13.22 lakh crore, Rs 7.16 lakh crore […] This Post appeared first on ReLakhs.com. Sreekanth Reddy ..read more

The Securities and Exchange Board of India (SEBI) has formalized a graded exit load structure on Liquid Mutual Funds. It has also stated that the load structure will be reviewed annually by AMFI, in consultation with SEBI. As of now, exit load is not applicable on Liquid mutual fund redemptions. What is an Exit Load in Mutual […] This Post appeared first on ReLakhs.com. Sreekanth Reddy ..read more