Add the sheen of Gold to your Investments with the Sovereign Gold Bond Funds.
With the Government of India’s Sovereign Gold Bonds Scheme you can earn an assured interest rate eliminating risk and cost of storage.
Benefits of investing in SGBs:
The MPC of the Reserve Bank of India unanimously voted to keep the key rates unchanged and maintained an accommodative stance amid elevated inflation constraints. Find below the key highlights and implications of the policy on 4th December 2020.
As the world awaits the outcome of the US elections, check out some of these interesting facts:
American elections are quite different from what we have in India. Read our complete report for more fun facts and a quick brief to help you prepare for election day.
This year has already been an exceptional year for surprises from COVID and Lockdowns to crashing economies, and now we have the US Elections.
The run up to the elections have already started with news of Trump’s COVID results coming positive. What more do we have in store for the “October Surprise” in the much anticipated US Elections of 2020?
Here is a look at the US Equity markets over the last 30 years in the month of October, in an Election Year versus a Non- Election Year.
RBI’s Monetary Policy Committee has kept Repo Rate unchanged at 4% amid rising inflationary pressure and a grim economic outlook. Here are the highlights and implications of the Credit Policy.
Budget 2020 brought in many changes on tax regulations of investments. A huge impact of this change has occurred on the way dividends are taxed. Dividend Distribution Tax will be abolished with effect from 1st April 2020. Dividend will thereon be taxed as per the income tax slab. On a post-tax basis, it has now become more beneficial to select SWP under growth option if you want regular cash flows rather than dividend option.
What is an SWP?
A Systematic Withdrawal Plan allows investors to withdraw a pre-determined and fixed amount of money from their current investments at fixed intervals (daily, weekly, monthly and so on).
“The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/Mutual Fund and proposed to tax the same in the hands of share/unit holder. It was also proposed to levy TDS at the rate of 10% on the dividend/income paid by the Company/Mutual Fund to its share/unit holder if the amount of such dividend/income exceeds five thousand rupees in a financial year.”
– Ministry of Finance
Indian diaspora is one of the largest in the world. Your friend might be working abroad or your aunt lives abroad–we all are connected to NRIs one way or another.
Given the current changes in the Budget, NRIs need to be aware of the new tax regulations.
We have created a quick reference tax reckoner for all NRIs.
Anyone invested in mutual funds?
Budget 2020 brought in many changes to the way MF investments are taxed. Check out our handy tax reckoner to provide you on general guidance for the upcoming changes.