M. Pattabiraman's Blog, page 23

Stop Sitting on the Fence: Don’t Let Your Money Sleep in Fixed Deposits!

“We do not know what to do with our salary minus expenses, so we just open FD after FD”. This is a common refrain from many employees I have met during my commonsense approach to money management corporate talks. I notice that many women in double-income households are guilty of letting unutilized salaries pile up in...

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Do I really need a credit card?

A reader asks, “Sir, I have just turned 25 and started working since November 2021. I see many of my peers using credit cards. Somehow I am not comfortable with them. Do they really have a use? Can you please an article about this?” A credit card is one of those things that is neither...

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Time limit for filing updated returns increased in Budget 2025

Last Updated on February 6, 2025 at 10:36 am Previously, taxpayers could file belated returns up to two years from the end of the relevant assessment year without incurring any penalties other than interest, except that these returns did not allow carry forward of losses. The period for filing belated returns was reduced to one...

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National Pension Scheme Fund Screener Feb 2025: Shortlist consistent performers

This is a National Pension Scheme Fund Screener to shortlist consistently performing NPS schemes. You can also spot NPS schemes with a higher return than a benchmark at a lower risk. This is similar in design to the freefincal Equity Mutual Fund Performance Screener. Inside, you get discounted links to our robo advisory tool and...

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Why do health insurers suddenly hike premiums?

A reader asks, “Can you please explain why health insurers suddenly hike premiums? I was shocked to see my premium increase by almost 50%. I thought premiums would increase only if we moved from one age band to another.” An insurance company makes money if its customers rarely make claims. Insurers will do everything in...

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MF second holder vs nominee: which is better?

A reader says, “I was listening to the Let’s Get Rich With Pattu podcast last Sunday, and there was a discussion about what happens when your son inherits your portfolio. Can you help me understand the difference between adding a nominee to a mutual fund and keeping your family as a second unit holder?” “In...

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Is 87A rebate applicable for capital gains after budget 2025?

Last Updated on February 3, 2025 at 2:55 pm Background of the case: For the financial year 2023-24, a rebate of Rs. 12,500 was available under Sec.87A for the old regime and Rs. 25,000 for the new regime. However, from July 5 onwards, this rebate was not made applicable to special rate incomes in the...

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Stocks with low volatility and momentum for Feb 2025

We publish a list of stocks with low volatility and momentum each month. We provide data for BSE 500 and BSE 100 stocks. There are now three different screener files available. (1) Stocks with low volatility and momentum from the BSE 100 large cap universe are available as a separate file (2) Stocks with low...

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Budget 2025: FAQ about revised new tax regime slabs

Last Updated on February 2, 2025 at 10:36 am We have released a free New Tax Regime (new slabs) vs Old Tax Regime Calculator after Budget 2025. We now discuss FAQs. 1. Is income up to 12L or 12.75L tax-free? Both. It is 12L for non-salaried and 12.75L for salaried employees, including the standard deduction....

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From Trading Losses to Investing Success: How Aditya Accumulated a Rs. 3 Crore portfolio

Last Updated on February 2, 2025 at 9:24 am My name is Aditya, and I’m 36 years of age— currently a Cfo in a listed company.  Today, my wealth stands at five crores, broken down into an equity portfolio of 3.25 cr and a bank balance of 25 lacs. Real estate of 1cr and a...

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