What’s the Best Way to Invest in Gold?
Gold is a great investment, but which option is best? From physical gold to ETFs, mutual funds, and SGBs—discover the smartest way to invest for maximum returns!
February 26, 2025
Should we keep investing in mutual funds, or sell at the peak and reinvest later?
When deciding whether to keep investing in mutual funds or sell at the peak, it’s essential to understand that market timing is notoriously difficult. Trying to sell at the peak…
I searched for a mutual fund, but several similar names appeared. Why are they so confusing, and what does the fund name actually mean?
Mutual fund names often look similar because they include key details about the fund’s structure. Let’s understand with Axis Bluechip Fund Direct Growth: •Axis: Refers to the Asset Management Company…
I have investments in multiple mutual funds across different categories. Is it a good idea to have so many, or should I be worried about overlapping holdings and potentially higher risks?
It’s great that you’re diversifying across categories, but it's important to check if your mutual funds have overlapping holdings. If multiple funds hold similar stocks, especially within the same category,…
My health insurance claim was rejected even though I gave all the documents. How do I make sure it’s resolved fairly?
Under the 2024 IRDAI guidelines, you have several steps to ensure your grievance is addressed fairly. Insurers must provide a written explanation for claim rejections. Review it carefully to understand…
How do credit cards affect my credit score and my chances of getting a loan?
Using a credit card the right way can actually boost your credit score, which is super important when you're applying for loans. If you're paying off your bills on time…
I frequently make online transactions with my credit card and am concerned about the security of my card details. What steps can I take to ensure my credit card data is safe while making payments online?
To keep your credit card safe online, here’s what you should do: -Use secure websites – Look for "https://" in the URL and a padlock symbol. -Avoid public Wi-Fi –…
I am a tenant with an NRI landlord. I’ve been informed that the TDS on my rent will be deducted at 30%, but I believe my landlord’s tax liability could be lower. Can I apply for a reduction in TDS, and if so, how?
Yes, as a tenant paying rent to an NRI landlord, you are required to deduct TDS at the rate of 30% on rent payments. However, if your landlord's actual tax…
I often switch jobs to explore better opportunities and career growth. Could this impact my chances of getting a personal loan?
Yes, job changes frequently can affect personal loan approval. Here's how: • Employment Stability: Lenders value a consistent employment history, as it demonstrates reliability and financial stability. Frequent job changes…
What steps can I take to reduce TDS on my salary, and how can I claim deductions for taxes already paid on other incomes?
To reduce TDS on your salary and manage your taxes better, follow these steps: •Declare Tax-Saving Investments: Inform your employer about your investments like PPF, NPS, or insurance plans that…
Can I avail home loan tax benefits on a second home purchase in Bengaluru while forgoing benefits on my first loan, which has been substantially repaid?
Yes, you can avail home loan tax benefits on a second home purchase in Bengaluru, even if your first loan is almost paid off. The tax laws don’t restrict you…