Product Updates

If you had invested in Dewan housing fixed Deposit, you may have received this following message. Dear Public Depositor , We request you to kindly login to https://www.dhfl.com/bank-details and confirm your bank account details at the earliest in order to process the final pay-out in accordance with the resolution plan approved by NCLT, Mumbai Bench vide its Order dated 7th June, 2021. You can login with your customer ID and an OTP that will be sent to your registered mobile number. For further details you can reach out to us at 1800 3000 1919 or visit the nearest DHFL branch. Please ignore this message, if you have already confirmed the same. Thank You Team DHFL ...................................................................................................................................................................... How to verify Bank Details  ? 1. Go to site   https://www.dhfl.com/bank-details 2. After Opening the site, following page will open. you need to e...

  Applicable for the Financial Year 2021-22 subject to enactment of the Finance Bill, 2021 I. TAX RATES FOR MUTUAL FUND INVESTORS   EQUITY ORIENTED FUNDS (Subject to STT 3 ) Tax Status of Investor Capital Gains Tax 10 Tax on Income Distributed under Dividend Option TDS on Capital Gains 6,7 TDS 6,7  on Income Distributed under Dividend Option Short Term Long Term Resident Individual / HUF / AOP / BOI / Domestic Companies 15% 10% $12 At the applicable Tax slab rate NIL 10% 9 N R I s 4 STCG - 15% LTCG - 10% $12 20% 2 * With indexation  $ Without indexation OTHER THAN EQUITY ORIENTED FUNDS Tax Status of Investor Capital Gains Tax 11 Tax on Distributed Income under Dividend Option TDS on Capital Gains 6,7 ...

Capital gains on sale of units due to merger of schemes As consolidation of schemes takes place, there is good news for investors. "Merger or consolidation of schemes in order to re-categorise existing schemes as per Sebi orders would not attract any capital gains tax, either short-term or long-term, in the hands of the investor.  The government had already amended section 47 of the Income Tax Act to exempt the capital gains arising from the merger or consolidation of mutual fund schemes. with effect from April 1, 2016.. What this means is that when a scheme is merged, you will not be taxed on the long and short term gains you will make whenever you will sell the units.

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 Some Personal Finance Rules we all should better know - Rule of 72 (Double Your Money) - Rule of 70 (Inflation) - 4% Withdrawal Rule - 100 Minus Age Rule - 10, 5, 3 Rule - 50-30-20 Rule - 3X Emergency Rule - 40℅ EMI Rule - Life Insurance Rule Rule of 72 No. of yrs required to double your money at a given rate, U just divide 72 by interest rate Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs At 6% rate, it will take 12 yrs At 9% rate, it will take 8 yrs Rule of 70 Divide 70 by current inflation rate to know how fast the value of your investment will get reduced to half its present value.  Inflation rate of 7% will reduce the value of your money to half in 10 years. 4% Rule for Financial Freedom Corpus Reqd = 25 times of your estimated Annual Expenses. Eg- if your annual expense after 50 years of age is 500,000 and you wish to take VRS then corpus with you required is 1.25 cr. Put 50% of this into fixed income ...

  *PUPPY     WEALTH OR ELEPHANT     WEALTH:?* An elephant and a dog became pregnant at the same time. Three months down the line the dog gave birth to six puppies. Six months later the dog was pregnant again, and nine months on it gave birth to another dozen puppies. The pattern continued. On the eighteenth month, the dog approached the elephant questioning, _”Are you sure that you are pregnant? We became pregnant on the same date, I have given birth three times to a dozen puppies and they are now grown to become big dogs, yet you are still pregnant. What’s going on?” The elephant replied, _”There is something I want you to understand. What I am carrying is not a puppy but an elephant. I give birth to only one in two years. When my baby hits the ground, the earth feels it. When my baby crosses the road, human beings stop and watch in admiration, what I carry draws attention. So what I’m carrying is mighty and great.” Likewise, if you break your SIP/MF in one or ...