Nureca Limited IPO Review – Date, Issue Price, GMP, Price Band, Analysis Nureca IPO would open for subscription on 15th February, 2021. Nureca Limited is a healthcare and wellness products distributor in India. This company was generating 6% and 10% profits in FY20 & FY19 respectively. However, its profits jumped to 29% for 6 months ended Sep-2020. Nureca IPO Size […]» Read more
Mahindra Manulife Short Term Fund NFO – Review Mahindra Manulife mutual fund has launched Short Term Fund that would open for subscription on 9th February, 2021. Short Term Fund invest in debt securities which matures for short term of 1 to 3 years. These funds are considered to be better than bank fixed deposits. Post Franklin debt mutual funds fiasco, […]» Read more
10 Debt Mutual Funds with 1 Year return up to 27% Debt mutual funds provide regular income to investors. Post DHFL crisis and further defaults from corporates, investors are scared to invest in debt mutual funds. Franklin Debt mutual funds fiasco added fuel to this in 2020. There are several debt mutual funds which are generating higher returns now. While […]» Read more
UTI Nifty200 Momentum 30 Index Fund NFO – Review UTI Mutual Fund is launching the first Momentum Index Fund in India i.e. Nifty200 Momentum 30 Index Fund that would open for subscription on 18th February, 2021. As the name indicates UTI Nifty200 Momentum 30 Index Fund would invest in the Nifty200 Momentum 30 Index, which was launched a few months […]» Read more
Personal Loans – Features, Eligibility, Documents Required and How to apply A personal loan has many forms. Sometimes it is known as a wedding loan, a medical loan, a travel loan, a top-up loan, etc. The reason behind this is that a personal loan can be taken to pay for a wedding, to pay for a medical emergency or to […]» Read more
How to claim Rs 1.5 Lakhs Home Loan Interest Deduction u/s 80EEA under the Affordable Housing Scheme in 2021-22?
How to claim Rs 1.5 Lakhs Home Loan Interest Deduction u/s 80EEA under the Affordable Housing Scheme in 2021-22? With a continued focus on “Housing for all”, Govt of India has floated an affordable housing scheme earlier in 2019, which provides Rs 1.5 Lakhs additional interest deduction u/s 80EEA. This scheme is now extended to 31st March, 2022 in the budget […]» Read more
Income Tax on EPF interest for contributions above Rs 2.5 Lakhs In Union budget 2021-22, Finance Minister has announced that there would be an income tax on EPF interest for EPF contributions above Rs 2.5 Lakhs in a year. This has created some confusion / havoc for employees who are contributing a higher amount where they are getting tax free […]» Read more
IDFC Launches Floating Rate Fund NFO – Review IDFC mutual fund is launching Floating Rate Fund that would open for subscription on 10th February, 2021. Floating Rate Funds are mutual funds that invests majorly in floating rate instruments including fixed rate instruments converted to floating rate exposures using swaps/ derivatives. In simple terms, it invests in financial instruments with variable […]» Read more
Union Budget Highlights 2021-22 – Key Takeaways Finance Minister, Nirmala Sitaraman has presented Union Budget 2021-22. Salaried people are disappointed with no change in tax rates nor any benefits provided to them. Even some of the reliefs / benefits provided earlier are taken away. In this article, let me provide you a quick summary of Union Budget Highlights 2021-22 and […]» Read more
Nippon India Nifty Midcap 150 Index Fund NFO – 15% annualized returns since inception – Should you invest?
Nippon India Nifty Midcap 150 Index Fund NFO – Review Nippon India has launched Nifty Midcap 150 Index Fund that would open for subscription on 4th February, 2021. This fund would invest in NIFTY Midcap index which has 150 midcap companies. This index has delivered 15% annualized returns since inception in the last 15 years. Should you invest in Nippon […]» Read more