Jul 05, 2022 01:37 PM IST

Review: AU Small Finance Bank allows you to design your own credit card, but at a cost

AU Bank’s all-new LIT credit card is aimed at millennials and first-time card users. But every features offered comes at a price. It pays to know your spending pattern, thoroughly

Why new international limits may not last long

MC Explains: When a Hindu Undivided Family may not work

Keeping aside income-tax benefits, selling property under an HUF structure may be cumbersome because the consent of all members of the family is required.

Sebi fines PGIM AMC, its CEO, fund managers for inter-scheme transfers during credit crisis

The cases pertain to an inspection carried out on inter-scheme transfer for the period August 2018 to February 2019. Sebi fined the AMC Rs 25 lakh, CEO Ajit Menon Rs 5 lakh, and three fund managers for Rs 2 lakh each

The Code on Wages and how it will impact an employee's retirement fund

Provident fund contribution for employees whose basic wage is over Rs 15,000 could remain unchanged, say experts

MC Explains | What is a Hindu Undivided Family?

Taxation works differently for individuals, companies, firms and other entities. One such entity is a Hindu Undivided Family (HUF), which has its separate tax liabilities and exemptions.

Six important money matters that call for your attention this July

Cryptocurrency transfers, freebies to social media influencers, I-T returns, mutual fund investments… there’s a lot happening in July. Here are the operational and regulatory changes you need to watch out for.

Bank-sponsored mutual funds paid up to 52% of distribution commissions to parent banks

Fund houses not sponsored by banks depended on a mix of national distributors, banks and brokers

Are student loans from foreign fintech firms a good idea?

Selling cryptocurrencies bypassing exchange? Here’s how to do 1% TDS deduction

TDS need to be withheld from July 1 on crypto transactions above Rs 10,000 annually and the same need to be deposited with the I-T department within the stipulated time frame.

July 1: New rules to invest in mutual funds, teething troubles initially, but a safer future

All those SIPs will stop where your broker used to transfer funds from your broking account balance to the mutual fund house. You have to sign up for fresh NACH mandates.

Looking out for an international scholarship? Here's how to maximise your chances

Before applying for a scholarship, it’s important to build a strong profile, do in-depth research on options available for scholarship, apply early and search for alternative options to get the scholarship. Most importantly, do not make fake or inflated claims while applying for one.

How to plan for the care of your special needs child beyond your lifetime

Special needs children have many specific things to be taken care of by parents. While typical succession planning can be taken care of by a Will and an executor, a special needs child might just require a trust.

Nippon India Mutual Fund stops accepting inflows into international schemes

More fund houses could also be forced to shut their schemes once again as these new limits are not expected to be substantial

What is no-claim bonus in car insurance?

All about preparing for the great Indian foreign education dream

From selecting a suitable destination and university to funding your overseas studies through investments, scholarships and education loans, Moneycontrol’s one-stop guide has all bases covered.

Monsoon mayhem can damage your car. Make sure you have motor insurance

A third-party cover, which is mandatory, can only cover the cost of damages incurred on someone else’s car because of you. But monsoon can damage your own car as well. Here is why you need a comprehensive motor insurance cover

What makes a focused fund different?

Yes Bank’s floating rate FD aims to benefit from interest rate hikes. Should you invest?

Individuals with a preference for FDs can hold 40 percent of their savings in floating-rate FDs and the remaining 60 percent in traditional fixed-rate FDs.

Should you invest in NFOs?

How gifts given to social media influencers from July 1 will be taxed

Often, companies remunerate social media influencers in kind. Such gifts or perks will be taxed from next month. However, if an influencer returns a gift, there will be no tax on the item

TDS on cryptocurrency transfers from July 1: Onus on buyers, brokers, exchanges to withhold TDS

TDS of 1 per cent on transfer of cryptocurrencies is set to come into force from July 1. The responsibility of withholding this tax will be on the buyer, crypto exchanges and brokers, depending on the type of transaction, CBDT has clarified.

Burnout, toxic work culture might just force you to retire early. Make sure you are financially prepared

Aside from health issues, you may also face a toxic work culture later that forces you to retire sooner than planned. A sound financial plan will help you cope with the sudden loss of income that follows.

These MFs cushioned your fall during market slump… And those that couldn’t

Factors such as rising inflation, weakness of Rupee, rising interest rates and ongoing Russia-Ukraine conflict have impacted different sectors and different segments of the stock markets.

Aspire to be Dravid, and not Afridi: Understanding the art of long-term investing

One of Benjamin Graham’s most useful illustrations is the personification of the stock market as “Mr. Market”. Mr. Market, an imaginary friend or business associate to every investor, offers daily prices for shares in a business.