wealth18.com - Wealth18.com

Feb42020 by wealth18.comNo Comments

Indian Budget 2020 Highlights – New Income Tax slabs

Taxation

In the Union Budget 2020 that was presented by Finance Monster on 1st Feb 2020, a number of tax changes has been proposed: New Tax Slab rates (Optional) While there is NO change in the existing Income-tax slab rates for individuals, a new tax regime has been proposed under which individuals would be taxed at reduced tax rates if they forego exemptions and deductions. The new tax regime will be Old Rate Slab Rates Rates of Tax (New rate NIL upto Rs 2.5 lakh NIL 5% 2.5 lakh - 5 lakh 5% 20% 5 lakh - 7.5 lakh 10% 7.5 lakh - 10 lakh 15% 30% 10 lakh - 12.5 lakh 20% 12.5 lakh - 15 lakh 25% above 15 lakh 30% The new tax regime is optional. Individuals who opt to claim available exemptions/ deductions would be taxed as per the existing rates. But if you want to opt for the new ...

Jan32020 by wealth18.comNo Comments

9.10% Shriram Transport Finance (STFC) NCD Jan 2020 – Details & Review

Bonds

Shriram Transport Finance Company Ltd (STFC) is looking to raise up to Rs 1,000 crore through secured redeemable non-convertible debentures (NCD) offering interest of 8.52% - 9.1% for different maturities. This is the 2nd NCD issue for 2020 after Tata Capital Housing Finance NCD issue is also open now. Key Features for Shriram Transport Finance Company NCD Issue Open Date Jan 6, 2020 Issue Closing Date Jan 22, 2020 Type of Instrument Secured redeemable NCDs Size of issue Rs 1000 crores (Base size: Rs 200 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Investment Listing BSE, NSE Credit Rating CARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable Interest Monthly and Annual, Cumulative Allocation method First Come First Serve Basis NRI allowed? Not eligib...

Jan32020 by wealth18.comNo Comments

8.70% Tata Capital Housing Finance NCD Jan 2020 – Details & Review

Bonds

Tata Capital Housing Finance, a subsidiary of Tata Capital, is looking to raise up to Rs 2,000 crore through non-convertible debentures (NCD) offering interest of 8% - 8.7% for different maturities. Shriram Transport Finance Company has also open its NCD offer with interest upto 9.1%. Read the review. Key Features for Tata Capital Housing Finance NCD Issue Open Date Jan 7, 2020 Issue Closing Date Jan 17, 2020 Type of Instrument Secured redeemable NCDs and Unsecured redeemable NCDs Size of issue Rs 2000 crores (Base size: Rs 500 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Investment Listing BSE, NSE Credit Rating CRISIL AAA/ Stable, ICRA AAA/ stable Interest Monthly and Annual Allocation method First Come First Serve Basis NRI allowed? Not eligible ...

Dec302019 by wealth18.comNo Comments

PAN-Aadhaar linking deadline extended to 31 March, 2020

Featured, News

Last date for linking PAN and Aadhaar has been extended Relief for people who have not yet linked their PAN with Aadhaar. The due date for linking PAN with Aadhaar has now been extended to 31st March 2020. This is the 9th time when CBDT has extended the deadline for individuals to link their PAN and Aadhaar. See below the twitter update from Income Tax India: How to Link your PAN with AAdhaar? If you are registered on Income Tax efiling website Login to eFiling Website --> Go to "Profile Setting" --> Link Aadhaar https://www.incometaxindiaefiling.gov.in/home 2. If you are not registered on Income Tax efiling website: Fine the "Link Aadhar" link on the home page of Income Tax efiling website (left side column) If your name on PAN and Aadhar doesnot match but da...

Dec222019 by wealth18.comNo Comments

Best Debt Funds for Investments in 2020 – Top Performing

Mutual Funds

If you are looking for investments for short term or less risky investments, you can look at various funds that invest in debt instruments. There are various categories of Debt funds and you should select one / combination based on your risk profile, time horizon etc. Different type of funds available are: Based on Duration (Low, Short, Medium, Medium to Long, Long) Dynamic Bond Gilt, Corporate, Credit Risk Ultra Short, Liquid and Money Market Debt Funds Historical Returns 1 year 2 year 3 year 5 year Annualised Returns (%) ABSL Low Duration 9.30% 8.53% 8.16% 8.58% Low Duration Axis Treasury Advantage 9.27% 8.47% 8.07% 8.36% Kotak Low Duration 9.23% 8.58% 8.41% 9.05% IDFC Bond - Short term 10.50% 8.48% 7.89% 8.41% Short Duration Ko...

Dec222019 by wealth18.comNo Comments

2020 Multibaggers – Top Large Cap, Mid Cap & Small Cap Stock Recommendations (for Medium to Long term)

Featured, Stocks

See below the Brokerage recommendations on Best Stocks to buy in India for profits in 2020 2019 has been a year of large caps and experts believe that we can see a good rally in midcap and small cap quality stocks in 2020. In Dec, various brokerage houses has provided their recommendations for stock picking for 2020. I have tried to consolidate the recommendations for your benefit: Jan 2 2020 - 15 Stocks where brokerages initiated coverage (link) Brokerage Stock Target CMP Upside Anand Rathi Dixon Technologies 5822 3913 49% KR Choksey Bandhan Bank: 667 499 34% Haitong Securities Finolex Industries 700 550 27% Reliance Securities V-Mart Retail 2060 1664 24% Jefferies IndiaMart 2500 2047 22% Anand Rathi Varun Beverages 862 707 22% Spark Capital Polycab India 1173 977 ...

Sep282019 by wealth18.comNo Comments

IndianOil HDFC Bank Credit Card – Review, Details, Offers, Benefits, Fees, How To Apply, Eligibility, Status, Limit

Credit Cards, HDFC Bank Credit Cards

HDFC co-branded credit card with Indian Oil that gives 50 Litres of Free fuel annually! HDFC Indian Oil Credit Card Benefits Joining Benefits : N/A Benefits Earn 5% of your spends as Fuel Points On IndianOil Fuel Outlet (Max up to 250 Fuel Points per month for the first 6 months, max 150 Fuel Points in a month post 6 months) On Groceries and Bill Payments (Max 100 Fuel Points per month on each category) Earn 1 Fuel Point for every Rs. 150 spent on other purchases Enjoy 1% Fuel Surcharge waiver (Up to Rs. 250 per statement cycle; transaction value to be min. Rs.400) Milestone Benefits: N/A Lounge Access (Domestic / International):N/A Golf : N/A Movie Tickets: N/A Restaurant Offers: 15% off on 3000+ restaurants Railway Surcharge waiver: N/A Fuel: E...

Sep282019 by wealth18.comNo Comments

American Express® Gold Card – Review, Details, Offers, Benefits, Fees, How To Apply, Eligibility, Status, Limit

Amex Credit Cards, Credit Cards

Amex Gold Credit Card offer excellent benefits. Amex Gold Credit Card Benefits Joining Benefits : Welcome Gift of 4000 Bonus Membership Rewards® Points - Available only in the 1st year on payment of the annual fee and on spending INR 2,000 within 60 days of cardmembership. Benefits Milestone Benefits: N/A Lounge Access (Domestic / International):N/A Golf : N/A Movie Tickets: N/A Restaurant Offers: Up to a 15% discount at over 1,000 restaurants across major cities. See the list of participating restaurants. Railway Surcharge waiver: N/A Fuel: 0% Convenience fee on fuel purchase at HPCL for transaction less than Rs. 25,000 and 0.3% Convenience fee on fuel purchase per transaction is applicable for all transactions on and above Rs. 25,000 Internati...

Sep282019 by wealth18.comNo Comments

American Express® Platinum Reserve Credit Card – Review, Details, Offers, Benefits, Fees, How To Apply, Eligibility, Status, Limit

Amex Credit Cards, Credit Cards

American Express® Platinum Reserve Credit Card offer excellent benefits. Amex Platinum Reserve Credit Card Benefits Joining Benefits : Welcome Gift of 11,000 Bonus Membership Rewards® Points - Available only in the 1st year on payment of the annual fee and on spending INR 5,000 within 60 days of cardmembership. Benefits Complementary Lounge Access Complementary Golf Access Complimentary Taj Epicure Innercircle Membership Complimentary iPrefer Elite Tier membership Complimentary Movie Tickets Milestone Benefits: N/A Lounge Access (Domestic / International): Enjoy 12 complimentary# visits in a year (limited to 3 times per quarter) to American Express Lounges and other Domestic lounges across the country (list) Also enjoy complimentary membership...

Sep282019 by wealth18.comNo Comments

American Express® Platinum Travel Credit Card – Review, Details, Offers, Benefits, Fees, How To Apply, Eligibility, Status, Limit

Amex Credit Cards, Credit Cards

American Express® Platinum Travel Credit Card offer excellent benefits. Amex Platinum Travel Credit Card Benefits Joining Benefits : Welcome Gift of 5,000 Milestone Bonus Membership Rewards Points redeemable for Travel Vouchers worth Rs. 4,000 Benefits Milestone Benefits: Available - see reward section below. Lounge Access (Domestic / International): Enjoy complimentary membership to Priority Pass, with the US$99 annual membership fee waived off. Enjoy 4 complimentary visits per year (limited to one complimentary visit per quarter) to airport lounges across India. Golf : N/A Movie Tickets: N/A Restaurant Offers: Up to a 15% discount at over 1,000 restaurants across major cities. See the list of participating restaurants. Railway Surcharge waiver: N/A Fuel: ...