Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
The stock market can be confusing for investors who struggle to decide the right time, sector, or category for their investments. With market fluctuations adding to this uncertainty, Balanced Advantage Funds (BAFs) have emerged as a smart solution for long-term investors. BAFs are designed to offer a balance between equity and debt, providing steady returns with reduced risk. What Makes Balanced Advantage Funds Special? Balanced Advantage Funds are known as All-Season Funds since they adjust investments between equity and debt depending on market conditions. When the stock market is performing well, these funds allocate more money to equities. If the…
If you or someone you know faces a road accident, understanding the compensation process can help avoid delays and ensure claims do not get stuck. The Motor Accident Claims Tribunal (MACT) is responsible for handling such cases in India, providing compensation for injuries, disability, or death. However, many people are unaware of this system, leading to missed opportunities for rightful compensation. Here is a simplified guide to the process, eligibility, required documents, and some real-life examples to understand better. Inform the Police Immediately After an Accident The first step after an accident is to inform the police. The police play…
With the growth of content creation, many YouTubers are earning significant amounts of money. In India, even creators earning from YouTube need to pay taxes. But how much tax will you have to pay, and what is the correct way to file your taxes? Let’s break it down in a simple way. Tax Rules for YouTube Income In India, income tax rules apply to all kinds of earnings, including from YouTube. While salaried employees have clear tax regulations, income from YouTube is treated differently. Here’s how: However, as a YouTuber, your earnings do not qualify as salary, so the standard…
The Indian stock market is gearing up for the biggest Initial Public Offering (IPO) in its history as Hyundai Motor India Limited is set to open its IPO on October 15, 2024. With an issue size of approximately Rs. 27,870 crore ($3.3 billion), this IPO has garnered immense attention from investors across the country. If you are considering participating in this monumental offering, here’s a simplified guide to the key details you need to know before investing. IPO Dates and Schedule The Hyundai Motor India IPO will be available for subscription starting Tuesday, October 15, 2024, and will close on…
Hyundai Motor is set to launch India’s largest-ever IPO on October 15, 2024, making it a highly anticipated event in the stock market. The company, known for its strong brand and dominance in India’s car market, is opening this IPO with a price band between ₹1,865 and ₹1,960 per share. At the upper price band, the IPO size will be around ₹27,870 crore, and the company’s market capitalization will be around ₹1,59,258 crore. Let’s take a closer look at Hyundai’s performance, its market position, and whether you should consider investing in this IPO. Hyundai: India’s Second-Largest Car Manufacturer Hyundai Motor…
Starting small and dreaming big—Uday Kotak’s rise from a joint family of 60 members to building Kotak Mahindra Bank is a story of perseverance and vision. With a net worth of $14.3 billion (Rs. 1.2 lakh crore), Uday Kotak has become one of the most prominent names in India’s financial world. Here’s a look at how he built one of the leading private banks in India from scratch. Humble Beginnings in a Big Family Born into a large Gujarati family where 60 people lived under one roof, Uday Kotak experienced a close-knit lifestyle. While the family’s cotton business provided stability,…
Investors looking to build wealth while saving on taxes are finding great opportunities in Equity Linked Savings Schemes (ELSS). One of the standout performers in this category is the HDFC ELSS Tax Saver Fund, which has delivered stellar returns over the last 28 years. With just a monthly SIP of Rs. 3000, an investor could have built a corpus of Rs. 6 crore, thanks to an annual return rate of 23%. Here’s how this fund has helped investors achieve long-term financial growth. The Power of SIP: Small Monthly Investments, Big Returns The HDFC ELSS Tax Saver Fund was launched in…
Many employees end up paying extra tax because of an unfriendly salary structure. If your salary components do not fully utilize tax-exempt allowances, it can increase your tax liability. This is where the National Pension System (NPS) can help. Not only does it reduce your tax burden, but it also creates a secure fund for your retirement. Let’s explore how you can maximize your savings with NPS and reduce your tax liability by up to Rs. 71,000 annually. How NPS Works Under the New and Old Tax Regimes One of the best features of NPS is the tax-saving potential through…
New Delhi: Getting medical treatment in hospitals is becoming more expensive as hospitals have started charging patients extra based on demand, similar to how airline ticket prices increase when more people book flights. This practice, known as “surge pricing,” is now being applied to surgeries and other medical treatments, which has significantly raised healthcare costs for patients. If more patients are admitted to a hospital, new patients may have to pay a higher price for their treatment. Hospitals are applying this system, especially when their operation theaters are nearly full, charging patients extra fees referred to as “peak charges.” How…
Baroda BNP Paribas Mutual Fund has introduced its New Fund Offer (NFO), targeting midcap stocks, offering investors a unique opportunity to invest in a diversified portfolio of high-growth companies. Midcap stocks are often a favorite among retail investors due to their potential to deliver higher returns in positive market conditions. The Baroda BNP Paribas Nifty Midcap 150 Index Fund is designed to give investors exposure to such stocks, with the potential for long-term wealth creation. This NFO is open for subscription from October 14, 2024, to October 28, 2024, and offers a low-cost, passively managed option to tap into midcap…