From 1st April, new investments in debt funds no longer enjoy indexation benefit or long term capital gains tax rate of 20%, but if you keep your older investments made until 31st March intact, you can still get these benefits. However, that's the tricky part as first in first out (FIFO) rule would always force withdrawal of older units first. In today's episode of Why Not Mint Money, we chat with Sumit Duseja, co-founder and chief executive officer, Truemind Capital, on how investors can avoid the FIFO trap and stay tax-efficient. Tune in for more!!
Choosing a financial advisor is not an easy decision to make. While there are good advisors out there, it’s not uncommon to hear about fraudulent advisory firms cheating people out ... Read more
Choosing a financial advisor is not an easy decision to make. While there are good advisors out there, it’s not uncommon to hear about fraudulent advisory firms cheating people out of their money. If you don't know what you are doing, you can end up entrusting your money to a dishonest or incompetent advisor, who can do more harm than good. Before you make your choice, here are five questions to ask yourself, to help you select the right advisor Read more
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