Daily Market Analysis – 11th Feb 2021
IRDAI annual report: LIC’s claim settlement ratio deteriorated in FY20 to 96.6% LIC saw its claim settlement ratio deteriorate marginally in FY20 to 96.6% from 97.7% in FY19 even as private insurers increased their settlement ratio to 97.18% from 96.6% in this period. Private sector life insurer Max Life had the highest claim settlement ratio for the industry at 99.2% followed by...
Insurance and its Tax Benefits
Saving taxes is everyone’s predominant motto when it comes to investments. Thankfully, the Income Tax Act 1961, has allowed various types of investment avenues to be exempt from the purview of income tax. If you choose these avenues for investment, you can earn tax exemptions and deductions on the amount you invest, the returns generated and the benefit you get. When it comes to...
Daily Market Analysis – 10th Feb 2021
Reliance Jio, Bharti Airtel & Vodafone Idea apply to bid in spectrum auctions: Telecom Market leaders Reliance Jio, Bharti Airtel and Vodafone Idea have filed applications for participation in the upcoming 4G spectrum auctions which are due to start on March 1, 2021. The auction for over 2300 MHz of airwaves, valued at Rs 3.92 lakh crore at base price, though is likely to see limited...
7 Reasons Why ELSS Has Evolved Into A Popular Tax Saving Alternative
Equity Linked Saving Scheme can serve as the ideal option for those investors who wish to benefit from tax savings and better returns in the long run. Coupled with a drastic growth in its popularity over the last few years, a large number of misinformation has developed surrounding its operations. Today we are going to educate all potential investors about the advantages associated with...
Daily Market Analysis – 9th Feb 2021
Adani Group checks into Mumbai Airport by acquiring 23.5% stake; on way to 74% ownership of MIAL The Adani Group has formally checked into Mumbai International Airport Ltd. by acquiring a 23.5 %stake in it held by two foreign firms ACSA and Bid Service Division Mauritius Ltd (Bidvest) Rs 1685.2 cr.Adani Group is going to acquire a 74% stake in MIAL, by getting the right to develop the...
Friday First Cut – Ep 08: Estate Planning is not just Will creation
https://www.youtube.com/watch?v=dqupS–Kwqc Important points to consider while writing a Will Why do I have to prepare the Will? Am I not too young to prepare the Will? We all think the same but is it really true? We can’t leave our loved ones without any security or protection when we are not there with them. Will preparation is a meticulous task but has to be...
Daily Market Analysis – 5th Feb 2021
Will tax on PF interest also cover contribution to PPF account? Budget 2021 has proposed to levy income tax on interest earned by an employee/person on his/her contribution in excess of Rs 2.5 lakh in a financial year to a provident fund. It appears that tax will apply to the interest earned on contributions made to Employees’ Provident Fund (EPF), Voluntary Provident Fund (VPF) as...
Daily Market Analysis – 4th Feb 2021
RBI brings large NBFCs, UCBs under risk based audit system The Reserve Bank of India (RBI) has brought all deposit-taking non-banking finance companies (NBFCs), non-deposit NBFCs with assets of Rs 5000 crore and more and also urban co-operative banks (UCBs) with assets of Rs 500 crore and above under a risk-based internal audit (RBIA) framework. The risk assessment framework covers...
Daily Market Analysis – 3rd Feb 2021
Is VPF still a well fixed income investment? Want to reduce your taxation smarter?VPF will give a person (in the 30% tax bracket) a 5.8% return post taxes. For smarter taxation options – pull out your EPF money (taxable interest component) at the age of 61 when your income would not be in the 30% bracket. Tata consumer products acquired 100% of the issued and paid-up equity share...
