Reliance Mutual Fund (now known as Nippon India Mutual Fund) was one of India’s leading mutual fund houses. It offered a wide range of mutual fund schemes across equity, debt, hybrid, and other categories, catering to different investor needs. In October 2019, Japan’s Nippon Life Insurance acquired a 75% stake in the company, and it […]

Every salaried individual, working and earning a monthly income, is liable to pay a certain part of his/her earnings to the respective state governments in the form of professional tax. This tax, often referred to as P tax, is reflected in an individual’s salary slip as well. An employer directly deducts this tax amount from

State Bank of India (SBI), Indian multinational public sector bank, that offers multiple banking products including a range of debit cards for the ease of online and offline transactions. Customers can apply for a new SBI debit card by applying for it through either online or offline mode and SBI would send the card to the customer

UCO Bank Account provides a full-service banking experience, including internet banking, the ability to manage account balances, a Visa Debit Card, a zero balance account, simplified KYC criteria, and much more. The savings bank (SB) account is open to minors over the age of 10 and adults over the age of 18. In addition to

Every earning individual in India is required to pay income tax based on the various slab rates. Similarly, when individuals buy products or use services, they must pay tax on those purchases or services. It is at this point that the necessity to grasp various sorts of taxes and their distinctions arises. What is Direct

Price sensitivity is the degree to which the price of a product affects consumers’ purchasing behaviors. Generally speaking, it’s how demand changes with the change in the cost of products. In economics, price sensitivity is commonly measured using the price elasticity of demand, or the measure of the change in demand based on its price change. For example,

The Entrepreneurship Development and Employment Generation (EDEG) Scheme is a government initiative aimed at promoting entrepreneurship and creating employment opportunities, particularly for the youth, women, and marginalized sections of society. The scheme focuses on fostering skill development, providing financial assistance, and creating an enabling environment for entrepreneurship to thrive. Objective of the EDEG Scheme Promote

Leave Travel Allowance is a tax-free allowance employers offer employees as part of their salary component. Under this allowance, the costs incurred by the employee on taking a trip for leisure purposes are allowed as a tax-free expense. Employees can, therefore, take a leave from work and travel on vacation, and the costs incurred would

High Net Worth Individuals (HNWIs), Very High Net Worth Individuals (VHNWIs), and Ultra High Net Worth Individuals (UHNWIs) are classifications used in the financial and wealth management industries to categorize individuals based on the amount of wealth or assets they hold. HNIs need to invest and must have a long-term vision. Most HNIs are owners

FCRA 2010 is a consolidating act passed by the Government of India in the year 2010. It seeks to regulate foreign contributions or donations and hospitality (air travel, hotel accommodation etc) to Indian organizations and individuals and to stop such contributions which might damage the national interest. It is an act passed for regulating and