Investment banking: demystifying the jargon in the corridors of corporate finance. Arti Samant, whose Kitchen Accessories Company is becoming a name to reckon with in the startup circles, feels overwhelmed to figure out how to keep control on her finances. She started selling aprons and chef hats and gloves as a hobby but it soon became famous after celebrities who shopped there featured her on their social media. Orders started pouring in and the income, it grew exponentially. She even hired senior management teams to streamline business flow and finances.…
Month: March 2019 Articles
Everything you need to know about portfolio management
When Aditya started working he was very excited about his salary and would dream of how to spend it, what he would buy, who he would treat, where he would travel. He was however a responsible son and also gave his parents money for monthly expenses. Saving however, was the farthest from his mind. Whatever deductions his company made towards his tax liabilities and the mandatory saving schemes such as PF, PPF, insurance policies, Aditya was ok with it. Once his salary package grew, he even made some small investments…
What are depository participants? Here’s all you need to know
Sheena was pouring over her father’s investment paperwork and it wasn’t easy. Her father is set in his ways of doing things and a firm believer in tradition. “These papers are in a mess! How do I make him understand?” She kept thinking this over-and-over while she kept trying to make sense of it all. Finally, she decided, and went to her father with a proposition. “Dad, I think you really need to organise your investments.” Her father looked at her the same way all Dads look at their daughters,…
How to save income tax
Beware the ides of March,” the soothsayer warned Julius Caesar before his gory assassination. This was what Viral Patel was thinking about when the month approached. Well, nothing so gory could have happened to him, but it was a time to be wary nevertheless. Because it was a time when he had to ponder about how to save tax and make those investments before the month was out. The tax authorities in their infinite wisdom had told us how to save income tax in India, and Viral had better grasp…
How to make sure you don’t face tax cuts in your salary?
Rahul Mehta is works as a senior associate with an IT firm. He earns an annual salary of ₹800,000 and often finds himself in a tough spot come tax-filing season. When the tax season finally comes around, he is confused about the right tax-saving investment instruments and end up making investments that don’t add any real value. But if Rahul planned his taxes in advance, he would have reaped enormous benefits. Unlike Rahul, his friend Anand, went about planning taxes in such a way that he didn’t face any tax…
Tax saving advantages while investing in an ELSS
Rhea has just graduated from college and started working in a consulting firm. She believes in being financially disciplined and wants to start saving early on. As she was going through various options to invest, she came across Equity Linked Savings Scheme (ELSS) and decided to invest in it as it was one of the best tax saving option. Let us find out what are the distinct features of ELSS which made Rhea choose it. One of the most popular investment options to help efficient tax planning is a tax…
Want a stable investment? Know why PPF is a good option
32-year old Sandhya was spending a long-overdue weekend break, after a hectic 2-weeks at office. She was leisurely checking her WhatsApp and Facebook messages, when suddenly a notification alert from her bank, grabbed her attention. It read something like: “Enjoy life after retirement with PPF. Visit the app to open an account today!” For a second Sandhya thought of ignoring it, but it struck her, retirement age is slowly creeping up. She, just like youngsters her age, preferred new investment avenues like mutual funds. In fact, she already had a…
Everything you need to know about tax saving fixed deposits
Amit has started making plans for investing, not just to save tax, but also for the long-term. When he searched online for the best options, he kept getting an endless list of traditional and modern investment avenues. Being aware of how unpredictable the market has been, Amit was cautious of market associated risks. His friend suggested he look at traditional investments like Fixed Deposits (FD). Amit had never considered traditional instruments to invest in before, especially from the point of view if saving tax. Let’s see if fixed deposits are…
Everything you need to know about NPS?
Rajesh started working for a private bank last year. He has been looking at various investment options to lead a blissful post retirement life. He is interested in an option that has optimum tax benefits. His colleague Vijay suggested that he check out the National Pension Scheme and tax benefits provided by it. Read on to know more about National Pension Scheme (NPS) and the income tax benefits of NPS. What is National Pension Scheme? The Government of India launched the National Pension Scheme in 2004 as a pension-cum-investment scheme…
L&T takes over Mindtree: What exactly is a hostile takeover?
In March 2019, infrastructure giant Larsen & Toubro made headlines when it made a hostile takeover bid for the information technology company Mindtree. It is the first such hostile takeover attempt in the IT sector in India. L&T acquired a 20.32 percent stake in Mindtree from investor V.G. Siddhartha, who happens to be the owner of the Café Coffee Day (CCD) chain. The company then decided to pick up another 15 percent from the market, and is making an open offer to investors, offering Rs 980 per share to acquire…