Bajaj Capital has appointed Rahul Parikh as the Chief Executive Officer with immediate effect
Investment and personal finance advisors say that both the schemes have their own importance and a salaried individual should ideally split retirement savings between the two competing instruments, preferably in equal proportions.
Foreign investors have pulled out a little over Rs 5,600 crore from the Indian capital market so far this month, concerned about "lower prospects" of economic growth compared with other emerging markets.
Watch the interview of Sanjiv Bajaj, MD, Bajaj Capital and Anil Chopra, CEO & Director, Bajaj Capital with Surabhi Upadhyay on CNBC-TV18, in which they shared their views on personal finance plans for young professionals.
According to the Securities and Exchange Board of India (Sebi) data on investor accounts with 42 active fund houses, the number of folios jumped to 4,97,96,459 at the end of August from 4,76,63,024 at the end of last fiscal, a gain of 21.33 lakh.
Anil Chopra indicated that the company would prefer technology backed companies for dilution of its stake, but added that the entire process is at a very early stage.
Watch the interview of Anil Chopra - Group CEO & Director, Bajaj Capital with Surabhi Upadhyay on CNBC-TV18, in which he shared his readings and outlook on how to plan your tax.
Given the tax free interest on offer and the liquidity, it is a good investment option for fixed income investor.
Watch the interview of Gaurang Shah of Geojit BNP Paribas Financial Services who shared his readings and outlook on specific stocks and sector & Anil Chopra of Bajaj Capital answered few personal finance queries.
The new rules will help the account holders to earn high pension in the long term. This also eliminates short term approach of some investors
Here are some essential points senior citizens should consider while creating a fixed income portfolio
Company fixed deposits can offer you high interest rates for three year time frame. Opt to invest across time frame - from one year to five year. Also you can avail of tax benefits on select company FD.
Budget 2015 has given additional tax benefit on investments up to Rs 50000 a year for investments in National Pension Scheme. This increases the scope for saving income tax
Under section 80 D for paying medical insurance premium earlier the deduction allowed was Rs. 15000 which has now been increased to Rs. 25000, which means by additional saving of Rs. 10000, the tax saving will be Rs. 3000 who are in 30% tax bracket and Rs. 1000 for those who are in 10% tax bracket.
Death is a certainty. If the company fixed deposit holder dies before the maturity of the company fixed deposit, it becomes a task for his survivors to claim the money. Here is how you can overcome that situation.
While salaried individuals expect more tax sops, retired individuals expect more tax free income and students expect subsidised education loans.
Mutual fund distributors are not happy with the new distribution fees that SEBI has notified. They say this is not enough and are lobbying for the introduction of a variable load structure, reports CNBC-TV18’s Mitra Joshi.
This is a semi-final round of season 2 of lessons of marketing excellence. After the first semi-final, IIM Calcutta is in the lead with JBIMS Mumbai in second position. How will that shape up today? What will the leader board look like? But before that, let us take a look at case study that all semi-finalist teams are facing.