india

If you’re the founder of a company, there are a few ways you can get some money out from the company’s bank account into your own bank account. You can draw a higher salary or bonus. You’re presumably still an employee; CEO, director, chairman, whatever. So you can just pay yourself a higher...

Link to Draft Red Herring prospectus_20210428025429.pdf) Key Stats (INR Millions) Particulars 9M 2021 FY2021* FY2020 FY2019 Revenue Services 11,204 14,938 22,908 12,814 Goods 1,244 1,658 1,075 148 "Platform Services"? 564 752 2,063 162 Total Revenue 13,013 17,530 26,047 13,125...

Have recently started my first job with 9.5 l.p.a and planning to get a bike worth 3.5 lacs after monsoons next year. Ideally how much liquid / emergency fund should i have with me before buying and how can i save for the down payment of the bike ?? (1 lac dp - 9k emi) Monthly expenses expected...

Revisiting this post here as it was inconclusive. The OP was right. Instead of giving theoretical returns, people could quote their returns in the MFs for the last decade. For the people, who have been investing since the last decade, you must have invested in both MF & FDs. Comparing the two...

My Friend has worked for an organization X from 2017 to 2020 and the PF account used to be under EPFO. Then my friend on 2020 switched to company Y where the PF was not under epfo. Then on 2020 itself my freind switched to company Z where PF account comes under EPFO. Since late 2021 my friend...

My post is of two parts 1st part is my question second part is the reason for my question, because of the experience of some people i know with insurance companies. Do insurance companies really payout huge sums when the situation arises? I have seen comprehensive health insurers pay out 2 to...

Core of investment is to cover the monthly cost of living: Assume that current expenses monthly are: 60,000 INR (This includes following items at current cost: house maintenance, food, phone+internet, house-help, fuel, electricity+gas, personal expenses, OTT subscriptions, medical expenses if...

Any specific financial reason behind banks giving an additional percentage of interest for deposits made for a specific period. for e. g., hdfc bank gives 7.1 % for upto 18 months, 7.25% for 18 21 months, and 7.0% for 21 months + is there any financial significance to this period, which...

The announcements on 17 Apr were expected to focus on relief packages for the MSME sector. In anticipation, the markets were in positive territory by a clear 3+ %. Points below are paraphrased from the speech of RBI governor. Context RBI has been proactive in the very critical situation...

I am 29 M,Doing Business - also self employed since I even do freelancing. Looking to FIRE by age 40. Getting serious about FIRE this year But confused regarding a few things. Here’s my current breakdown. Monthly Inwards: 2 L post tax Current Expense: 40 k PPF: 1.5...

I’m 25M, i have savings around 55L(including PF) and most of it is invested somewhere in form of equity, debt or bank deposits. I don’t have dependents as such, mother is a government employee and father has a small business and younger brother is also employed. My family is suggesting me to buy...

Goal - 40k monthly SIP for my son's education fund. Long term investment for atleast 20 years. Son's age - 10 years My age - 40 years MF's selected 1. Hdfc large and mid cap (G) 2. Canara robeco bluechip equity fund (G) 3. PP flexi fund 4. Kotak Gold fund 5. ABSIL Money Manager fund.

I am 30 year old, 2 year married. We both work and earn around 2 lakh a month after tax. We bought a house last year and it's been 13 months since, the house was worth 44 lakh, and we took a loan for 28.8 lakh, the loan was for 20 years, with monthly emi around 24 k with 7.5% interest rate. In...

Being parents of your newborn baby is amazing, you are so happy so happy, I am sure you can’t reveal. Have you ever planned financially for your baby? In this article, you are going to learn the financial approach you should take once your baby is born! I have seen a lot of my friends on...

I am not able to decide whether to pay off my housing loan or invest using the surplus every month. I have a fair idea about the benefit I will get on my investments in the long run (compared to prepaying the loan), but I want to incorporate the tax benefit (on housing loan interest and...

Returns till March 31st 2020 1 year : Equity- -26%. Gsecs-12.3% 10 years : E- 0.3%. GSecs - 9% 25 years : E- 9%. Gsec - 10.6% Disclaimer : I have not put together the data myself. I have only taken it from the above Twitter post by a person with decent credentials

First let's start with basics Q: What is Form 26AS Form? Ans: Till now Form 26AS, was a statement that IT dept used to provide u to capture (a) TDS deducted from u (For eg: Ur company deducting TDS on ur salary) (b) TCS: Tax collected at source (house property etc) Now Form 26AS, will have a...

Disclaimer: New to reddit. I'm a 27 (M) married. Wife - 27(F). Looking out for suggestion whether its safe to buy a land with my income and expenses. Wife also earns (~60K), she has her own loans and need to take care of her family. So, not including her expenses here. Income: CTC -...

Original Source: https://boringmoney.in/p/byjus-is-sued-by-its-lenders -- Four years ago I read an article in The Ken titled The making of a loan crisis at Byju’s. The gist of the story was that Byju’s was an edtech doing phenomenally well selling its digital courses to parents of young...

Will be added on Dec 21 (Could be in 2 tranches) News sent TESLA shares up 13 percent after hours This addition could minimise the gap between S&P 500 and the Nasdaq index going forward (TESLA has gone up around 400 percent in 2020) The company it replaces in the index will be revealed later...