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Gold has been a popular investment choice across the world. Many people's investing portfolios include it by default. It is not only a safer investment than stocks, but it is also utilised as a hedging asset to protect against market volatility. Investing in gold may be done in a variety of ways. It may be purchased either physically or online, with or without the added danger of theft. Investing in gold through gold exchange-traded funds (ETFs) and gold mutual funds is becoming increasingly popular. Gold ETF- As opposed to genuine gold, gold ETFs (exchange-traded funds) are an easier and more convenient option to invest in the precious metal. The gold price is directly reflected in the price of each gold ETF unit, thus there are no hidden expenses. In contrast to actual gold, the price of gold ETFs does not fluctuate based on the state in which they are exchanged. The fund manager purchases gold and deposits it with the custodian of the ETF. An ETF's price and return are identical to that of actual gold. When compared to buying gold bars, the costs of investing in a gold ETF are far more manageable. It is appropriate for those who are purchasing gold primarily for financial purposes, and not for personal usage. Gold Mutual Fund- Mutual funds that invest in gold ETFs are called gold mutual funds. The performance of the ETF, which in turn depends on the performance of gold, influences the returns of the mutual fund. That affects the NAV of a gold fund. Like ETFs, one unit here does not denote one gram of gold. Other ETFs or securities can also be used to diversify one's gold fund portfolio. Gold ETF vs Gold Mutual Fund: If you want to invest in gold mutual funds but not in gold ETFs, you must open a Demat account first. Since 1 unit of gold ETF equals one gram of gold, the minimum investment in a gold ETF is the price of 1 gram of gold at any given time. Gold mutual funds, on the other hand, need an initial commitment of 1000. Gold ETFs are traded on the stock exchange and their prices may be seen in real time, whereas gold mutual funds' prices are decided by their Net Asset Value (NAV). Gold mutual funds invest in gold ETFs, whereas gold ETFs invest in gold. Gold ETFs can only be purchased with a single amount, whereas gold funds can be purchased with either a lump money or a SIP. They do not have a SIP option. Unlike gold mutual funds, gold ETFs do not charge an exit load. Gold ETFs are more liquid than gold mutual funds. Only after the market closes may you redeem units of gold money.

Is it possible to keep a joint pension account going after a member of the family has passed away? If the spouse in whose favour a family pension permission exists in the Pension Payment Order (PPO) is the survivor, banks should not insist on creating a new account in the event of a Central Government pensioner. The family pension should be credited to the existing account rather than the family pensioner creating a new account for this reason. Is it possible for the pension paying bank to retrieve the extra amount deposited to the pensioner's account? Where an excess pension payment has been made as a result of bank errors, the excess shall be reimbursed to the government in full promptly upon detection and without waiting for any money to be recovered from pensioners. When does the payment brach credit the pensioner's account with the pension? Pension payment banks credit pensioner's accounts according to the pension authorities' orders. Who is responsible for deducting income tax from pension payments at the source? The bank is responsible for deducting income tax from the pension amount at the rates specified by the income tax department from time to time. Should pension-paying banks recognise receipt of Life Certificates from pensioners? Frequently, seniors complain about delays in receiving their pensions as a result of their bank misplacing their life certificates. To resolve the issue, the RBI has directed banks to give legally signed acknowledgements of obtaining life certificates on a mandatory basis. Banks are also obliged to record the receipt of life certificates in their CBS and to give a system-generated acknowledgement that serves as both an acknowledgement and a mechanism for real-time record updating. Is it possible for a senior to withdraw their pension if they are unable to physically present at the bank? Wherever a pensioner's thumb or toe impression is collected, it should be verified by two independent witnesses known to the bank, one of whom should be a competent bank officer. If a retiree is unable to put a thumb or toe impression and is also unable to physically present at the bank, a mark can be produced on the check or withdrawal form that must be identified by two independent witnesses, one of whom must be a responsible bank official. Agency banks have been ordered to post the guidelines on their branches' notice boards to ensure that ill and handicapped pensioners may take full use of these services.

Introduction of a digital currency supported by the central bank (CBDC) was a major feature of the Union Budget 2022. India's Reserve Bank of India plans to release a digital rupee in the next fiscal year. For the first time, the CBDC has left everyone scratching their heads as to what a digital rupee would be and how it would function in India. To put it another way, CBDC is a digital version of a country's official tender. Aside from its shape, it is identical to the fiat money and may be traded. What distinguishes CBDC from other cryptocurrencies? The CBDC is centralised with the support of the RBI. Cryptocurrencies, on the other hand, are decentralised and have no central issuer. They also reflect no one's debt or liability. How long will CBDC be operational? Before the launch, it appears that the crypto legislation must be approved by Parliament. CBDC will necessitate changes to the RBI Act, the Coinage Act, the FEMA, and the IT Act, all of which were written with paper money in mind when they were enacted. Is CBDC a superior digital payment method than others? A reduction in the requirement for an interbank settlement is possible. In addition, the digital currency would improve the speed and efficiency of financial transfers over the world. Without the requirement for a middleman, any Indian dealer might readily pay a foreign buyer. Is CBDC going to have an impact on banks? Yes. Using CBDCs can lower the demand for bank deposits, but they also minimise settlement risk. Because of this, the reliance on bank deposits may be reduced thanks to digital money. Are digital currencies necessary in India? As a practical matter, CBDC will not be able to completely replace cash in India any time soon. But if India adopts a digital currency, the costs associated with producing and delivering money will be greatly reduced. In addition, with the proliferation of digital payments and the decline in the use of paper cash, a move to electronic forms of currency is required. What would be the monetary policy implications of a CBDC? For a long time, the supply of money was monitored through the purchase and sale of bonds, the exchange of currencies, and the adjustment of bank reserve ratios. But the use of CBDC might analyse the demand for money and enhance administration of policies as well.

Contra Fund- In a contra fund, the manager mostly invests in the stock of firms that aren't doing well right now. Stocks are expected to rise sharply in value if the company's current crisis can be rectified and bought at a discount now. A contrarian strategy to investing, in other words, is to acquire low-priced stocks today in order to reap high profits later. What are the benefits of investing in a contra fund? Contra funds invest in companies that are undervalued and underappreciated by the majority of investors. Enterprises with short-term problems can generate high returns and beat the general market since investors don't appreciate businesses with short-term problems. These companies have a lower risk of losing money if the market or the industry in which they operate declines, because they already have a cheap price relative to their peers with similar business fundamentals. Contra funds are a good diversification strategy in times of market corrections and collapses since they have a low correlation with the broader market. In contrast funds, big rallies are common when transitory issues are resolved, whether they are company- or industry-specific. Contra funds are taxable or not? This fund is classified as an equity fund since it invests a large portion of its assets in counter funds. Because it is an equity fund, its profits are taxed as if they were gains on any other stock fund. It doesn't matter what tax bracket the investor falls under; short-term capital gains (gains realised within a year of investing) are subject to a 15% tax rate. Calculate your Short-term capital gains with Myrupaya STCG Calculator Long-term capital gains (profits realised after one year of investment) are free from taxation up to Rs. 1 lakh, and such gains over this level are taxed at 10% tax rate. Calculate your Long-term capital gains with Myrupaya LTCG Calculator In the investor's hands, dividends from such investments are taxed according to the investor's tax bracket. Who should invest in contra funds? Investments in contra funds are long-term holdings since they require time to recover and return to profitability. To avoid further potential losses, traders and impatient investors who are inclined to sell on negative news should avoid using contra funds. A pleasant and lucrative contra fund awaits those who can sit tight, manage their anxiety, and wait for business circumstances to recover and equities to realise their full value. In certain cases, it may take longer than expected for things to improve. Contra Fund risks: Contra mutual funds include the following risk factors: Due to a time limitation, there will be no profit – Contra funds are acquired over a lengthy period of time, say five years, since they invest in enterprises experiencing temporary difficulties. However, if the difficulties are not resolved within the specified time frame, fund managers exit the position to chase other possibilities, which results in some assets being sold at a loss, resulting in opportunity cost. Suffering losses as a result of the problem's persistence – The seemingly manageable corporate problem may become much larger. This leads in the stock position being sold at a loss in order to preserve money and avoid additional losses. Indian Contra Fund's list- Indian investors have a choice of just three mutual fund firms that can provide counter funds: SBI Contra Fund Kotak India EQ Contra Fund Invesco India Contra Fund

IRCTC has had a difficult time dealing with the convenience fee in recent years. IRCTC's share price fell by more than a quarter after the Railway Ministry ordered the platform to share half of the convenience fee. The issue was quickly rectified when the ministry reversed its decision, aiding in the recovery of the stock values as well. However, before then, only a few group of investors and customers could see the relevance of a small charge, which to the average consumer seemed harmless. Convenience charge shows on your phone screen as a pop-up, justifying the slight but inevitable discrepancy between the price you thought you would pay, and what you really wind up spending. Convenience Fee? For aggregators, the convenience charge is a primary source of revenue from online transactions; for some, it is their exclusive source of revenue. Cancellation fees, cross-selling, rescheduling fees, and other income streams are also utilised by these platforms. Customers are charged an additional fee for making reservations from the convenience of their own homes. It is believed by service providers that charging clients for the ease of using their infrastructure and paying administrative costs is a fair trade-off. A convenience fee is a set price that is assessed regardless of the number of tickets purchased. If you book an international flight rather than a local one, you'll be charged more for the booking. So, for non-AC tickets, IRCTC charges 15 while for AC tickets, it charges 30. The convenience cost for UPI platform reservations is often cheaper. Travel websites also charge a service fee, which can range from Rs300 to Rs500 for a single flight ticket. Indeed, customers are compelled to pay convenience fees. They are compelled to pay anytime they are required to make a reservation. However, other services, such as EaseMyTrip, prohibit users from directly paying convenience fees. A convenience charge is a mandatory payment that consumers must make in order to use the services of a booking site or aggregator.

One of the most appealing aspects of NPS retirement planning is that you may save for your post-retirement years while simultaneously receiving tax benefits. Let's take a closer look at the benefits of the NPS in terms of tax savings. The National Pension System (NPS) is a government-sponsored programme that offers both retirement planning and tax savings. The Pension Fund Regulatory and Development Authority is in charge of it (PFRDA). The NPS scheme's main goal is to assist investors in accumulating a sizable retirement fund. Any Indian citizen between the ages of 18 and 60 can invest in NPS. Tier I and Tier II NPS accounts are the two categories of NPS accounts. Tier I NPS accounts are designed for retirement planning, whilst Tier II NPS accounts are designed to be used as a voluntary savings account. Tier 1 NPS contributions are made for the long term, and the money cannot be taken until retirement. With Tier II NPS accounts, this is not the case. Now that we've seen the differences between Tier 1 and Tier 2 NPS accounts, it's time to look at the various tax incentives offered by NPS schemes. NPS provides a tax exemption of up to Rs. 1.5 lakh under Section 80CCD (1) of the Income Tax Act. If a firm offers an NPS plan, the employer's contribution to the plan qualifies for a tax break of up to 10% of the salary (basic plus DA) under Section 80CCD (2). NPS provides extra tax savings for salaried persons who have claimed a tax exemption of Rs. 1.5 lakh under Section 80C. Under Section 80CCD (1B) of the Income-Tax Act, both salaried and self-employed NPS account holders with an investment of up to Rs. 50,000 are eligible for an extra tax exemption. However, only Tier 1 NPS account holders are eligible for the extra deduction under Section 80CCD (1B). Tier II NPS accounts, unlike Tier I NPS accounts, are not eligible for a tax rebate under Section 80C of the Internal Revenue Code. Another thing to keep in mind when it comes to the NPS tax advantage is that the deduction under Section 80CCD (1) is applicable to both salaried and non-salaried persons. The maximum deduction permitted under Section 80CCD (1) for paid professionals is 10% of their pay for the year. Non-salaried persons, on the other hand, must pay 20% of their gross total income for the year.