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5 Different Types of REITs

Real estate investment trusts or REITs will make participation in the real estate market much easier for investors in India. REITs are like mutual funds that invest in the real estate sector. They offer many more benefits for investors because of the lower investment needed and the higher liquidity since they are listed on an exchange. Did you know that there are different types of REITs? However, you must note that the first REIT came into existence in India only in March 2019. This is an equity REIT and can invest only in commercial properties as per regulations issued by...more
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Everything you need to know about a CIBIL score

TransUnion Credit Information Bureau (India) Limited known as CIBIL is the first credit information company in India. The primary function of CIBIL is to collect and maintain monthly credit information reports (CIR) from banks and financial institutions. These reports contain information regarding an individual’s payment track record. On the basis of the information contained in the CIR, CIBIL generates a three-digit score called a Credit Score, popularly known as CIBIL Score. In other words, the CIBIL Score is a summary of the credit history of an individual. This score indicates the probability of default by an individual borrower on the...more
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What is a CIBIL score and how can you check it online?

Tina is planning to get married next year. Since her father has retired from services, Tina wants to bear the cost of the wedding. She has been saving up for the wedding. But she feels that taking a personal loan can also boost her liquidity. As she was checking out the various personal loan offerings, she saw that a CIBIL Score is very important for a loan application to be processed. So let us see what is a CIBIL score and how can you check CIBIL Score online for free. What is CIBIL Score? Tina learned that TransUnion Credit Information...more
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How is CIBIL score calculated?

Owning a house in Mumbai is a dream come true for many. Seema is on her way to realize her dream – she is planning to buy a house. She has decided to avail of a home loan to help her make her dream into a reality. So she decided to browse the internet to check the essential documents she would need to furnish for processing her loan application. One of the things that caught her attention was a credit score. She discovered that the chances of her loan application being successful depended on her TransUnion CIBIL Score, popularly called...more
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ELSS versus FDs: What’s the better investment option for you

Megha has always listened to her father. After her BCom and MBA, she got a job in a multinational corporation. When she got her first salary after deductions credited to her bank account, her father sat her down and explained she must save right. In FDs and RDs, just like he did. If you want, you can even inquire about how to open a PPF account with your bank. But Megha had other ideas. She had heard her colleagues speak about Mutual Funds and ELSS and Stocks. “No way!” Said her father. “Anything related to the stock market is risky!...more
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How does income tax work for senior and super senior citizens?

Mr. Dubash, was born on 28th March 1955, making him a Senior Citizen of almost 64 years old, his mother has just turned the ripe old age of 84. Since his mother was born on 28th Feb 1935, according to Indian income tax laws she qualifies as a Super Senior Citizen. Initially, Mr. Dubash was under the impression, that the income tax computation for both him and his mother would be the same. Let’s find out if Mr.Dubash’s assumption is correct. Source of Income: For senior and super senior citizens, income sources include: • Pension • Rental Income • Interest...more
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What is Investment Banking and Know its Advantages

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. Arti is ambitious. She didn’t want to stop there. “How...more
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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 in SIPs. Whenever he got a bonus, he also invested...more
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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 at that straw before was too late. Under section 80C...more
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