CBDT said that assessees holding valid certificates for FY20 would get the benefit of extension, which otherwise would expire on March 31.

When it comes to surviving financial crisis, focus on what you can control and you can do rather than on what you cannot control or what is not possible to do now

More units are bought when the market price of shares is low and lesser units are bought when the price is high.

To achieve the stated investment objective, the fund manager of an ELSS maintains a diversified portfolio of equity-and-equity related instruments, and practices a bottom-up approach to stock picking that is market-cap and sector agnostic.

A total of 80 lakh employees involved in four lakh establishments are likely to be benefitted, the finance ministry had earlier said.

Investors should continue to invest in small savings schemes as the interest rates are still higher than that of bank FDs. They should look at tax-free bonds and avoid company deposits.

This new standard health insurance policy available with every general and standalone health insurer takes care of basic health needs, and is a must for first-time buyers, especially in smaller towns

In a single day, there was a double-digit fall of 13.2% in Sensex—unprecedented in the past 16 years.

Regulations define specific structures / entities within mutual fund companies to safeguard investor monies from issues such as fraud, etc.

From continuing with your SIPs to safeguarding your liquidity and investing in large-cap, multi-cap and index funds, make your market moves in a judicious way to avoid any investment mistakes.

BoB’s overnight and one-month MCLR has been revised to 7.40%, while the three-month MCLR was revised to 7.55%. Six-month MCLR has been revised to 7.85%, the bank said.

With job losses & pay cuts likely in the wake of the Covid-19 pandemic, you need to take some special measures to cushion the impact and prepare for the worst

Anticipating a huge surge in demand, it came out with a new software for online receipt and settlement of claims and deployed the software on March 29.

According to the ministry of health and family welfare as on April 9, 2020, there are 5,218 active cases of novel coronavirus in India and there has been 169 deaths due to this pandemic.

While debt funds saw sharp outflows, equity funds surprised the industry as it saw net inflows of Rs 11,722.74 crore in March — the highest in the current financial year.

The clarification came as the employees, in many cases, have donated a portion of their salaries the the fund through their employers.

Remember your financial goals and your risk appetite. If you have extra cash and investing for the long term, then go ahead and deploy your funds in a staggered manner.

Though there is an additional 15-day grace period due to the Covid-19 lockdown for renewal of insurance policies, pay the premium if you have the cash flow. And buy a health insurance plan if you don’t have one

The due dates for issuance of any notice, intimation, notification, approval or sanction order, has also been extended by a period of three months.

If you have a high credit score or work for an organisation that has a tie-up with a bank for subsidised interest rates, you can get a lower interest rate.

The Budget this year introduced a new income tax regime under which individuals can opt for lower tax rates provided they don’t avail certain exemptions and deductions otherwise available under the law.

However, if someone wants to buy a comprehensive health cover, it would cost them Rs 8,000-11,000 for Rs 10 lakh sum insured.

Multi-asset funds of mutual funds can be a good option for asset allocation mix even as gold is a good diversifIer. Also, do keep emergency funds in debt funds & fixed deposits

Most companies are encouraging their existing customers to use digital channels as there has been a surge of such requirements from customers along with scarcity of service personnel at insurance offices.

As of February 29, 2020; equities outperformed gold over the trailing 10-, 15- and 20-years, delivering annualised 10.39%, 13.89% and 12.0% respectively compared with 8.16%, 12.59% and 11.49% respectively delivered by gold.

The EPFO’s decision to extend the due date for filing is expected to benefit about six lakh establishments, including four lakh establishments eligible under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package.

A one-year deposit with the country's largest lender earned interest at the rate of 5.7%, which works out to a 3.99% effective yield, assuming a tax rate of 30%.

Currently motor insurance has a 38-40% of market share of new premiums in non-life industry and weak auto sales number would further impact motor insurance business in the months to come.

Patience, perseverance and quality stocks are needed to win the game of equity investments.

Equity investors can tilt portfolio allocation towards large-cap and multi-cap mutual funds.

Increase your allocation to gold via the gold fund route from the safety and comfort of your home.

Index funds are better for those unable to select quality stocks or bear the risk of near term under-performance from actively managed funds.

For example, PPF offers you returns of 7.1% per annum completely tax-free whereas an 8% FD may offer you only 5.6% if you’re in the 30% slab.

Investing in high-quality companies and proven MF schemes always pays in the long term and these would be the first to recover

Make sure that you have the contact information of your reporting manger and HR department in a diary or phone or a place where your spouse can access the same easily.

Under the Pradhan Mantri Garib Kalyan Yojana, launched on March 26, a provision exists for withdrawal from one’s provident fund accumulation to fight the pandemic.

The due date for depositing statutory contributions, aggregating one-fourth of one employee’s monthly wages, towards provident fund, to be deposited by an employer, falls within the first 15 days of the next month.

Fund houses such as HDFC MF, Baroda MF, Nippon India MF, PGIM MF and UTI MF have exposures to debt papers issued by the Indiabulls Housing Finance, shows the data from Value Research.

Dearness Allowance (DA) Hike Latest News: The April salary, which is due to be paid in a week’s time, was supposed to be based on revised DA, along with arrears for three months (January-March).

If you want the market upside, benefit of current low prices and have appetite for volatility, you may invest in ELSS now in a staggered manner, that is, via SIP.

Debt schemes of mutual funds for long have been seen as low risk, but shuttering six schemes and leaving investors in a lurch will impact investor sentiment.

In other previous months of 2019-20, the number of new subscribers joining in the scheme ranged between 12.19 lakh and 14.70 lakh.

The order issued by the state finance department will impact over 16 lakh state employees and officers, approximately three lakh teachers and 12 lakh pensioners.

Now is the time to assess where you are in relation to financial goals, tax planning & cash inflows.

Credit risk funds have been seeing redemptions over the last one year. Between March 2019 and March 2020, most credit risk funds had seen outflows barring ICICI Prudential Credit Risk Funs, IDFC Credit Risk Fund and Mahindra Credit Risk Yojana.

Experts said the debacle at Franklin could lead to redemptions from other debt schemes. Investors could lose a big chunk of the Rs 25, 800 crore worth of assets held in the six debt schemes that Franklin has wound down.

Franklin Templeton MF also said that their commitment to India remains steadfast as they have been early as patient investors in India.

As credit risk funds may see redemption pressure because there are no takers for lower-rated paper, investors can opt for liquid and overnight funds.

Gold plays an important role as a diversifier in a portfolio due to its less than perfect correlation with other asset classes.

The Irdai data showed that LIC saw its new business premiums at Rs 1.77 lakh crore in 2019-20 compared to Rs 1.42 lakh crore in the previous fiscal — a growth of 25.17%.