How to Choose between Growth or Dividend Reinvestment while Investing in Arbitrage Fund:?

Arbitrage mutual funds are good investment option for short term, especially for someone in higher tax bracket. The reason being their pre-tax return is comparable to the bank fixed deposits but is tax free if invested for more than 1 year and taxed at 15.45% if redeemed before 1 year of investment. interest on FDs are taxed […] Continue reading →

Did Number of Taxpayers Increase Massively after Demonetization?

Did Demonetization lead to massive increase in Number of Taxpayers Below is the Press Release by Government of India on the controversy surrounding Did Number of Taxpayers Increase Massively after Demonetization? “Clarification regarding number of Taxpayers added after Demonetization “ Various news reports/articles have appeared in the media regarding inconsistency in the estimates of the number of taxpayers added after demonetization. It has been commented that […] Continue reading →

10.4% Kosamattam Finance Ltd NCD – Aug’17 – Should you Invest?

Kosamattam Finance NCD – August 2017 Kosamattam Finance has come out with public issue of non-convertible debentures (NCD) offering up to 10.47% interest rate. The issue is already open for subscription and closes on September 1, 2017. Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan finance business. They lend money against the pledge of household Jewellery in the state […] Continue reading →

Best Interest Rate on Senior Citizens Bank Fixed Deposits – September 2017

The post lists down the rate of interest on Bank fixed deposits for Senior Citizens as of September 4, 2017. You might want to bookmark this page as the FD interest rates would be updated every month. Would help you in better decision making. Fixed Deposit Highlights: Most banks offer FDs for tenure of 7 Days […] Continue reading →