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Should retired people engage in tax-advantaged mutual funds or equity-linked savings systems (ELSSs) because equities are risky? This is a question that many retired investors have. Under Section 80C of the Income Tax Act, mutual fund investments in ELSSs are eligible for tax deductions of up to Rs 1.5 lakh. As investors approach retirement, most investing gurus advise them to begin shifting their portfolio to safer investments. They also used to advise investors to avoid investing in stock after retirement, claiming that a retired individual would be unable to bear large losses. All of that changed when studies in other countries shown that too much safety makes pensioners poorer with each passing year. Safer options give low returns that can't keep up with inflation, particularly medical inflation. In the last year, the ELSS category has increased by 22.07 percent, 11.76 percent in three years, and 19.57 percent in five years. Bank FDs, on the other hand, may provide yields of between 6% and 7%. Following the budget, equities investors would be required to pay a 10% tax on long-term capital gains exceeding Rs 1 lakh in a fiscal year.

Almost all Indian parents consider their children's education to be a top priority. While giving the greatest education is a top priority, few parents may be able to achieve this aim. This is due to the fact that the expense of education has risen steadily over time, with education inflation reaching a staggering 10%. It is crucial to begin saving as soon as possible. If parents begin saving for their child's education as soon as the child is born, they will have 18 years to save for graduation and 21 years to save for higher education. You must begin early to accumulate Rs 1 crore Years to invest Investment needed per month (Rs) 20 10,000 15 20,000 10 43,400 5 1,22,000 Assume @ 12% annualised return. Even if you start early, you may not be able to complete the needed corpus. This is when student loans come in handy. As a parent, you should not be afraid to take out this loan because it not only helps to upskill your child, but it also has favourable tax benefits. So, we'll look at why taking out an education loan makes sense today, what you should think about before taking one out, and the traps to avoid. Make up the Difference Parents may be unable to save enough money for their children's education for a variety of reasons, including rising prices. A gap might emerge due to a change in the goal's nature. For example, you may have budgeted for your child to attend one of India's premier higher education institutions, only for your child to choose to pursue higher education abroad. This potential deficiency, however, is no justification for failing to plan ahead of time. It is simple to obtain an Education Loan when you have an existing education corpus. Other expenditures that you did not anticipate at the time of planning may also be to blame for the shortage. Most parents, for example, consider tuition fees, exam fees, and hostel expenditures when preparing, but often overlook living expenses and other costs. The cost of living would be high if the youngster went to study overseas. Because no financial institution will cover these costs, parents must set aside a portion of their money for them while depending on the Education Loan to cover tuition costs. Several advantages: Young individuals can learn financial discipline by repaying an Education Loan while they are just starting out in their careers. Because taking out an education loan and repaying it on time helps to establish credit, many parents, even those who can afford it, urge that their children do so. What to Keep an Eye On Interest Rate: When it comes to picking any loan, and an Education Loan is no different, this is the most critical issue to consider. In India, education loans are not inexpensive. Banks, on the other hand, will cut the interest by 1% if the interest is paid while the child is in school and the loan is returned without default after that. Students who are accepted into famous overseas colleges may also be eligible for loans from international institutions. Securities: Because defaults are widespread, public sector banks often require securities for loans over Rs.7.5 lakhs. Although most financial organisations offer school loans without requiring securities or a mortgage, it is preferable to do so in order to save money on interest. A house, a parcel of land, or fixed deposits are all acceptable securities. Guarantor: Most financial institutions need a parent or guardian as a guarantor as a normal procedure. The number of years that parents have worked has a significant effect in this. Money Margin: Determine how much the financial institution will support and how much you will have to contribute. The Margin Money is the name given to your contribution. This criterion varies based on the lending institution, the loan amount, and the location of study. PSU banks, for example, impose a 5% margin for loans over Rs.4 lakhs for students studying in Indian universities and a 15% margin for those studying overseas. Private players, on the other hand, are willing to finance without requiring any buffer. However, don't pay a higher interest rate only to avoid paying the margin. Moratorium: Unlike other loans, Educational Loans do not have immediate EMIs. There will be another Moratorium Term for seeking for work in addition to the course period. Typically, the Moratorium Period lasts between 6 and 12 months. The EMI will be based only on principal if the parent pays interest during the course time and the Moratorium Period. If the borrower chooses not to pay interest, it will be accrued, and the EMI will be calculated based on the loan plus the accrued interest. Time: This is one aspect of an education loan that has changed dramatically over time. Institutions used to lend for a maximum of 7 years, however this has since been increased to 15 years. As a result, the EMI has been lowered. In other words, even if the starting earnings is minimal, the child will be able to repay the debt. Because there is no penalty for early payment, it is preferable to choose the longest term available. Some people, on the other hand, wish to close the debt soon. Documents Required: The paperwork is identical to those of other types of loans. A credit score of 700 or more is regarded good on average. Lenders will also want papers relating to admittance. Papers pertaining to the collateral must also be presented. If you're pledging your unit in a housing society, for example, you'll need to produce papers like your Share Certificate, Original Sale Deed, and the society's No Objection Certificate (NOC), among other things. Speed: This is crucial since most colleges do not provide much time for applicants to acquire admission. This implies that you should begin the procedure as soon as possible. One approach to speed the process is to obtain pre-approval and keep the preliminary loan ready. Pre-approved letters come in helpful when several foreign colleges want you to establish your capacity to pay tuition. The ultimate distribution, on the other hand, occurs only when your ward has been accepted.

The majority of individuals consider their automobile to be one of their most valuable possessions. While a comprehensive insurance policy will cover you for bumps, dents, scratches, and even medical bills incurred as a result of an accident, most plans will not cover normal wear and tear on your automobile parts. But what precisely does this imply? Assume you've just purchased insurance on a new automobile. You've been renewing your insurance on time every year since then, and you've never filed a claim. However, in your fourth year, you are involved in an accident and your automobile sustains significant damage. When you submit a claim, your insurance company will calculate how much is owed to you using a formula. Part of this method will take into account the depreciation that has occurred since you purchased the automobile four years ago. While your claim will be resolved, you may have to pay a little extra out of pocket for a replacement item. There is a method to avoid those astronomical out-of-pocket costs. You may protect yourself against the component of the calculation that considers depreciation by choosing Zero Depreciation Cover from your insurance provider. If you choose for this extra coverage, your insurance company will pay the whole cost of repairing your automobile in the event of an accident. What does it cover in detail? If you choose this coverage, you can be confident that your car's metal, fibre, and rubber parts will be fully covered. It's vital to remember that engine damage from an oil leak or water infiltration, as well as oil changes, are not covered by these insurance in the event of a mechanical breakdown. You are also limited to a certain amount of claims each year. Advantages for? It's crucial to realise that certain people will benefit more from Zero Depreciation insurance than others. If you're one of the following folks, you should seriously consider purchasing this extra cover: You've purchased a new vehicle. You own a high-end vehicle. You're an unskilled driver. You live in an area where accidents are common. Spare components for your automobile might be rather costly. Costings? A Zero Depreciation Car Insurance Policy might cost anywhere from 15% to 20% more than a standard Car Insurance Policy. If you have a car that is less than 5 years old, however, it is well worth the extra money. You might save a lot of money in the long run if you add the Zero Depreciation rider to your normal auto insurance policy. Despite the greater premium, the long-term advantages are well worth the extra expense.

Hybrid funds exist in a variety of sizes and forms. Fund types such as Equity Savings Fund, Balanced Advantage Fund, Aggressive Hybrid Fund, and others come in many formats. Then there are the fund sizes, which range from a 20% allocation to an equity allocation of 80%. How Hybrid Funds Work? Since the March 2020 lows, the stock markets have risen by more than 45 percent, with massive retail involvement in Direct Equities and Mutual Funds. When it comes to Mutual Funds, the plain vanilla Equity Funds remain the most popular investment category. Hybrid Funds, on the other hand, are a considerably better alternative for first-time investors. The reason for this is the asset allocation strategy that these funds use. Simply put, these funds invest in a variety of asset types, including equity, debt, gold, and even foreign exchange-traded funds (ETFs). This allows you to gain from any advantage from the stock exposure while also protecting yourself from the downside by putting part of the surplus into debt instruments. When Should You Choose a Hybrid Fund? You have options as an investor. In reality, you have an excessive number of options. It's easy to become lost in the Hybrid Funds' 7 sub-categories when determining where to invest. To make things easier for you, we've broken down each of the Hybrid Fund sub-categories and explained why they're appropriate for your risk profile. Conservative Hybrid Funds Let's start with Conservative Hybrid, the most conservative of all Hybrid Funds. The Conservative Hybrid fund type invests mostly in debt securities. The equity proportion for these funds can range from 10% to 25%, while the debt allocation can range from 75% to 90%. The Conservative Hybrid Fund prioritises capital preservation, hence its asset allocation is heavily weighted toward debt securities. These funds are appropriate for risk-averse investors who prioritise capital preservation but are ready to invest a limited portion of their portfolio in stocks to boost the fund's overall performance. Balanced Hybrid Funds The funds in the Balanced Hybrid category invest 40% to 60% of their assets in equities and the remainder in debt. This implies there may be 40 percent equity and 60 percent debt at any given time, or 60 percent equity and 40 percent debt, or any mixture of the two. Balanced Hybrid Funds are appropriate for investors with a moderate risk profile, i.e., those who don't want to have too much exposure to a single asset but also don't want to have too little. Aggressive Hybrid Funds One of the most prominent categories in the Hybrid industry is aggressive hybrid funds. The assets under each fund category demonstrate this. The aggressive Hybrid Funds have a market capitalization of over Rs. 1,10,000 crores, while the Balanced Hybrid and Conservative Hybrid Funds have a combined market capitalization of little over Rs. 25,000 crores. The aggressive hybrid category's mandate permits it to invest primarily in equity instruments, with an equity ratio ranging from 65 percent to 80 percent of total assets. This category is suited for investors with an aggressive risk profile and a time horizon of more than 5 years, due to the larger exposure to equity. The fund itself has various safeguards. So, even if the funds invest 80% of their assets in equities, the remaining 20% in debt or liquid instruments will operate as a buffer if the stock markets get turbulent. Dynamic Asset Allocation Funds/Balance Advantage Funds The ability of the Dynamic Asset Allocation Funds to move between asset classes is unrestricted by the regulator. The equity and debt allocation is "dynamically controlled." It's "managed" because you get a Fund Management Team to provide a layer of flexibility and move money between asset classes, and it's "dynamic" because the allocation is based on the valuation models they use. So, if you seek consistent returns, dynamic asset allocation funds will provide it, which is why these funds are appropriate for new investors as well as conservative and balanced investors. Multi-Asset Allocation Funds It can invest in at least three asset classes, with each asset class receiving a minimum of 10% allocation. Equity and Debt are the first two. There are also commodities, gold, and foreign exposure, all of which may be found in a single fund. Multi-Asset Allocation Funds are perfect for investors who are aware of the benefits and drawbacks of various asset classes and want to develop their wealth while maintaining stability and diversity. Arbitrage funds are intended to profit from mispriced opportunities These can occur in a variety of ways. Let's imagine the stock is trading at Rs. 150 on the NSE and Rs. 151 on the BSE. This implies that if you buy a stock on the NSE and immediately sell it on the BSE, you would have made a profit of one rupee. The cash and futures markets are another option. The current price of a security is referred to as the cash market. Investors benefit from the differential in stock price between the cash market and the futures market, which is exploited by arbitrage funds. If the stock is predicted to rise, the fund manager will purchase in the cash market and sell in the futures market at the same time, and vice versa. Equity Savings Funds Equities, Equity Arbitrage, and Debt are all investments in the Equity Savings Funds. This is done to assure equity taxation by keeping the minimum investment in shares at least 65 percent. In addition to the arbitrage component, these funds include a minimum debt allocation of 10%, which provides some downside protection. Due to the larger Equity component, these funds tend to perform halfway between a balanced hybrid and an aggressive hybrid in terms of returns. So, if you're a moderate-risk investor who wants some downside protection but is still willing to take a considerable stocks exposure, these funds are a good fit.

It's a fantastic combo if an investor starts investing early and invests for the long term. When it comes to market-linked assets, holding for extended periods of time gives you an advantage. We'll go through some of the advantages of long-term investing and give some instances. In January 2019, the Sensex reached an all-time high, and investors who bought equities a decade ago when the markets fell and kept them for this long profited handsomely. It's evident that keeping the pitch for an extended period of time paid off handsomely. It's been said that an investment is like a test match; the longer you remain, the better. Long-term investment advantages: When money is invested for the long term, there are several advantages. The following are some of the most important advantages: There's Less concerns about the market's volatility. It is cost-effective since commissions and other management costs are reduced. Compounding's power Averaging Rupee Prices Long-term investment benefits in the Indian economy When we talk about long-term investments, we might think of a period of 7 to 10 years. It might be beneficial in the following situations: Risk Management Providing better results Getting into the habit of saving The Indian economy is rising, and it may soon approach the heights of the American or European economies. So, if you want to obtain excellent profits, invest now for a long time. Options for long-term investing: Investors can put their money into insurance products such as ULIPs or any of the insurance firms' other investment programmes. If an investor invests for the long term, he or she might expect to make a profit. To make large earnings, investment advisers always recommend investing for a longer length of time. If an investor decides to invest in ULIPs, he or she receives the benefits of both life insurance and future wealth building. In the long term, compounding's power is amazing. It must be obvious why an investor should begin saving early and invest for the long term. Stop pondering and get investing!

After the loan has been sanctioned and approved, the final stage is disbursal. When a Home Loan is obtained on a property that is still under construction, the whole loan amount is not given to the builder at the same time. Instead, payments are made in instalments based on the builder's completion of the various stages of development. During this stage, the borrower is only required to pay an interest sum known as the Pre-EMI, rather than the full EMI (Principle + Interest) on the sanctioned loan amount. The Pre-EMI is interest calculated solely on the amount paid to the builder, according to the stage of construction. Let's look at an example to better understand what a Pre-EMI is: If you have a loan of Rs 30 lakh at an interest rate of 8% per annum, If your bank only gives the builder Rs 3 lakh at the commencement of construction, your pre-EMI will be computed as interest on the Rs 3 lakh, or Rs 2,000 per month. As the project progresses, more funds are disbursed, and the Pre-EMI rises in tandem. For example, if the builder receives an additional Rs 3 lakh after 6 months, the Pre-EMI will rise to Rs 4,000/month. Unlike the Pre-EMI, the EMI you'll pay will include both the principal and the interest. The whole sanctioned loan amount is released to the builder once the project has been built. Now your actual EMI cycle begins, and the principal balance of your repayment begins to decrease. In under construction projects, you can also choose to begin paying the EMI amount after the first disbursement; however, you must notify the lender of your decision prior to disbursement.

We are nearing the conclusion of calendar year 2021 and the start of calendar year 2022. Nonetheless, because every month brings new financial changes, we've compiled a list of a few of them that will take effect in December 2021. Processing fee for SBI credit card EMI transactions: The credit card firm has advised customers via email that starting December 1, all EMI purchase transactions made with an SBI credit card would be charged Rs. 99 plus applicable taxes. Both in-store and online e-commerce transactions will be subject to the fees. The interest rate has been lowered on PNB Savings Account: According to the bank's website, from December 1, 2021, Saving Fund Account Balances below Rs. 10 lakh will receive a 2.8 percent interest rate, while those with balances of Rs. 10 lakh and above would receive a 2.85 percent interest rate. This applies to both local and non-resident Indian savings accounts. Increasing prices of FMCG, clothing, phones, and TV: Everything is becoming more costly, including food, eating out, electrical appliances, clothing, footwear, and personal care goods. This is due to an unheard-of increase in the price of raw materials. For example, because worldwide coffee costs are at a 10-year high and domestic supply has been hampered by excessive rain, the food item has become more expensive. Similarly, tomato prices have risen and will continue to do so for a few months more until the next harvest arrives. Commercial LPG cylinder rates rise: Oil marketing businesses examine and change LPG tariffs on a monthly basis, based on worldwide pricing. For the time being, pricing for residential LPG customers remain unchanged. The price of a non-subsidised 14.2 kg cylinder in Delhi is Rs. 899.5, while the price of a 5 kilogramme household cylinder is Rs. 502. However, pricing for commercial 19 kilogramme cylinders have increased by Rs. 103.5. From today, the price of this cylinder in Delhi is Rs. 2014, down from Rs. 2000.5 before. Term insurance costs rise: Premiums for pure life insurance, often known as term insurance, will rise. In the meanwhile, global reinsurance premiums have risen. The rise is also due to the continuing pandemic's increasing fatality rate. Importantly, this price spike has already been discounted in group term insurance premiums, which have risen by 30-100 percent, and will now be lowered in individual term insurance contracts. In the case of the death of the life assured, the candidates are entitled to the sum promised.

Taxpayers may now access the new Annual Information Statement (AIS) through the e-Filing site. The agency emphasised in a tweet that "Take a look at the updated Annual Information Statement (AIS). Provides a complete picture of the information regarding taxpayers that is accessible from ITD. To access, go to http://incometax.gov.in and click on the 'AIS' link under the 'Services' page." At the beginning of this month, the Income Tax Department introduced the new Annual Information Statement (AIS) on the Compliance Portal, which provides a taxpayer with a thorough summary of information as well as the ability to make online feedback. Let's have a look at the new Annual Information Statement (AIS) and how to get it. What is different about the Annual Information Statement (AIS) this year? The updated AIS now includes additional information on interest, dividends, securities transactions, mutual fund transactions, international remittances, and so on. Duplicate data has been removed from the reports, and the information from the AIS is now accessible in PDF, JSON, and CSV forms for taxpayers to view or download. The Annual Information Statement (AIS) contains information that is currently on file with the IRS. As a result, taxpayers should be aware that further transactions involving them that are not currently included in the Annual Information Statement may arise, so they should double-check all relevant information and complete the Income Tax Return completely and properly. What is the current function of Form 26AS? On the e-Filing portal, taxpayers with an active Permanent Account Number can obtain a copy of Form 26AS, which is an annual consolidated tax statement. The Central Board of Direct Taxes (CBDT) issued an order on October 26 under Section 285BB of the Income Tax Act, revealing extra information in the revised Form 26AS. Until the new AIS is confirmed and fully functional, the new Form 26AS, titled 'Annual Information Statement,' and Form 26AS will be presented on the TRACES site together. What is the purpose of the online Feedback feature? If the taxpayer believes the record is incorrect or duplicate, an online feedback option has been made accessible. Taxpayers can also monitor AIS and provide comments in an offline fashion using an AIS Utility. The stated figure and the value after feedback will be presented separately in the AIS. If the data is altered or denied, the source of the data may be contacted for confirmation. Taxpayers are encouraged to study the material in the Annual Information Statement (AIS) and provide input if anything needs to be updated. The value indicated in the Taxpayer Information Summary (TIS) may be taken into consideration when filing the ITR. If the ITR has already been filed and some information is missing, the taxpayer can alter the return to include the missing information. What exactly is a TIS (Taxpayer Information Summary)? A simplified Taxpayer Information Summary (TIS) has been developed for each taxpayer, which shows the taxpayer's aggregated worth to make preparing his or her income tax return easier. "TIS presents the processed value (i.e. the value obtained after deduplication of information based on specified criteria) and derived value (i.e. the value derived after incorporating taxpayer feedback and processed value)," according to the Income Tax Department. If the taxpayer provides input on AIS, the resulting data in TIS will be updated in real-time. The information collected by the TIS will be used to pre-fill the return, which will be allowed in stages. What should you do if Form 26AS has an error? The taxpayer can rely on the records presented on the TRACES portal for ITR filing and other tax compliance purposes if there is a discrepancy between the TDS/TCS details or tax payment details represented in Form 26AS on the TRACES portal and the TDS/TCS details or tax payment details depicted in AIS on the Compliance Portal. If taxpayers have any questions, they can go through the AIS papers (AIS Handbook, Presentation, User Guide, and FAQs) in the "Resources" section or contact the helpdesk through the "Help" section on the AIS Homepage. What is the new Annual Information Statement (AIS) and how do I get it? Taxpayers can use their PAN, Aadhaar, or User ID to check in to the e-filing system (https://www.incometax.gov.in). Now go to the 'Services' area and choose 'Annual Information Statement (AIS)' from the drop-down menu. Select either the PDF or JSON option and click 'Download' to get the AIS statement in PDF format. To access the AIS, open the PDF file and enter your PAN and date of birth as a password.

The Indian government has long encouraged individuals to own homes. As a result, Home Loans are eligible for the Section 80C tax deduction. Furthermore, when you purchase a home with a Home Loan, you are eligible for a number of tax benefits that can help you save money on your taxes. Individuals can still use the previous tax system to claim special tax benefits like HRA and other reductions under Sections 80C, 80D, and so on during the current Fiscal Year 2021-22. Individuals can choose to follow the new regulatory framework (which has a reduced tax burden and no tax exemptions) or the previous regulatory structure. Home loan EMI payments provide tax benefits: Interest on a home loan is deductible: The policyholder's house must be completed within 5 years of the financial year in which the loan was taken. Section 24 allows you to deduct the interest part of your EMI payments for the year up to a maximum of Rs 2 lakh from your total income. Interest paid during the pre-construction period is deducted: The income tax legislation allows you to claim such interest, known as pre-construction interest, in addition to any other deductions you may be entitled to claim from your house property income. The maximum sum that may be claimed is Rs. 2 lakhs. Principal repayment deduction: The primary portion of your EMI for the year is deducted under Section 80C. The claimed amount is limited to a maximum of 1.5 lakhs. To qualify for this credit, the residential property must not be sold within the first five years of residence. Otherwise, your income in the year of sale will be reduced by the earlier decrease. Stamp duty and registration fees are deducted: The charge for Stamp Duty and registration can also be deducted under section 80C, in addition to the financing amount. However, this claim must be lodged in the same year as the spending. Assuming you meet the criteria, all House Loan-related deductions combined can result in a maximum deduction of 5 lakhs (2 lakhs under section 24, 1.5 lakhs under section 80C, and 1.5 lakhs under section 80 EEA). If you want to buy a new house, you may organise your purchase such that your financing allows you to take advantage of as many tax breaks as possible.

Nothing compares to seeing your child develop and achieve every day. If you're a decent parent, though, India's rising educational expenditures may have already overwhelmed you. This is why, whether you are present or not, Child Insurance Plans are the ideal option for you to save money for your child's future. The more you can do to help your child realise their aspirations and succeed in life. Recognizing Child Plans: Savings on a monthly basis may not be enough to cover the rising expenses of higher education. Education costs should be your child's final limit in order for him or her to succeed in a competitive environment. To protect your child's future, a Child Plan combines investment and insurance. Life Insurance is also paid in a lump amount at the conclusion of the term. Not only that, but some programmes also provide flexible bonuses at key points in your child's education and college career. Furthermore, Kid Insurance Plans allow you to invest in plans based on your current financial status, as well as other financial and educational requirements for your child. Guidelines for evaluating and selecting the optimal child plan While there are several Child Plans available today, there are some elements to consider that can assist you in determining the ideal Child Plan for your child's future security. The following are some considerations that can assist you in determining the optimal Child Plan: Put your faith in financial indicators: It's important to keep in mind that you'll only use your child's assets and savings in the years ahead. When settling on a guaranteed amount, you must examine a variety of financial factors. In addition, rising education prices, inflation, and rising healthcare costs, among other financial problems, will offer appropriate finances for the child in the future if properly planned. Furthermore, you may reduce this by employing the most effective kid education strategy. Select the Premium Waiver Option: In the case of the policyholder's untimely death during the policy's term, most insurance companies will waive the premium. It is a premium waiver or self-funding benefit. It also helps you keep your insurance without placing your family, particularly your child, under financial strain. When the child reaches adulthood, he or she receives the full benefit that was promised when you purchased the plan. If you acquire this rider, this

In today's highly competitive world, higher education has become a requirement. Almost every Indian kid now aspires to receive an education from one of the world's best universities. However, with the cost of school at an all-time high, obtaining outside funding is the only option to get through college without destroying your funds. There are two financing choices available to help you get out of this jam. It's a battle between a student loan and a personal loan. Which one do you think you should pick? Let's have a look. Period of Moratorium The term "Moratorium" refers to a time during which the borrower is temporarily free from repaying the debt. It effectively gives college students a break, compensating for the gap between finishing their degree and finding work. This term normally lasts from the moment the loan is disbursed to about 6-12 months after the degree is completed, and it is solely available to Education Loan borrowers. Lenders compute interest on a basic interest basis throughout this time. Personal loans, on the other hand, begin monthly payments immediately once the loan is disbursed. There is usually no time off, which can be a difficult load to bear as a student. Tax advantages When it comes to education loans, you can subtract the interest and reclaim the money. Borrowers can claim a tax deduction for the amount equivalent to the total interest payable under Section 80E of the Indian Tax Act (ITA). Borrowers of Education Loans are the only ones who may enjoy this pleasure. Personal finance, on the other hand, does not offer any tax benefits. The Rate of Interest The interest rate differential between a Personal Loan and an Education Loan is significant. When opposed to loans for personal purposes, education loans often offer lower interest rates. In addition, depending on the lender, the Processing Fees for Education Loans are significantly lower. Disbursement of Loans Following the approval of your application, your Personal Loan will be credited straight to your account. In the case of Education Loans, however, the loan amount is directly credited to the educational institution's account. You can claim the remaining money, if any, to pay auxiliary expenditures once the institution has collected the unpaid fee.

The Kotak Nifty Alpha 50 ETF is the first Nifty Alpha 50 ETF in India, according to Kotak Mahindra Mutual Fund. It's an open-ended scheme that tracks the Nifty Alpha 50 index and allows investors to participate in a well-diversified portfolio of high-alpha firms. Subscriptions for the NFO are available until December 15th. This ETF, according to the fund firm, may also be used to help investors balance their active portfolios. The Nifty Alpha 50 ETF from Kotak will follow the performance of 50 NSE-listed equities with a high Alpha over the previous year. These firms were chosen among the top 300 companies based on their average free-float market capitalization and average daily turnover over the previous six months, according to the criteria. What exactly is Alpha? Alpha, sometimes known as 'excess return,' is a phrase that refers to a stock's return that is more or lower than the market's demand for its risk class. According to the mutual fund firm, this new fund has the following characteristics: It is simple to comprehend because it is a passive fund. It is less expensive than actively managed funds. It can provide considerable Alpha above Nifty 50 & Nifty 100. It has no biases because it is based on an index It is appropriate for investors seeking long-term capital growth.