VND Wealth Pvt Ltd

The majority of individuals diversify their portfolios by investing in mutual funds in a variety of methods. Investments in various asset types, such as equities, debt, real estate, gold, etc., are one way to diversify your portfolio. Investing in diverse economic sectors is another way of investment diversification. You can invest in a particular economic sector or sector through a variety of mutual funds. Here you will find some crucial details you should be aware of regarding sector mutual funds. What is a Sector Mutual Fund? Sector Mutual Funds are equity schemes that invest solely in businesses that operate in a specific industry or sector of the economy. Sector funds are commonly structured as mutual funds or exchange-traded funds (ETFs). For example, Real Estate Funds, Utility Funds, Natural Resources Funds, Technology Funds, Financial Funds, Communication Funds, etc. Sector Funds are also referred to as sectoral funds and can invest in stocks of companies with varying marke...

In the simplest of words, a bonus is an extra amount or reward you receive over and above your base salary/ amount. A similar concept aligns with life insurance companies, which make bonus payments to their policyholders yearly beyond the basic sum they are entitled to. This additional amount can be either paid out on policy maturity or upon the death of the insured, based on your policy terms. How is Life Insurance Bonus generated? The premiums paid by policyholders of a life insurance company become a part of its asset pool that is utilized for payment of claims in the future. A large portion of these funds is majorly invested in debt instruments secured by the government. The insurer’s claim experience and returns on investment together are responsible for profit, which it distributes as bonus payments at the end of the financial year. Any excess assets after the company’s assets and liabilities are valued may also generate an extra amount to be distributed as a bonus. Types of bonu...

No matter how much (or little) you know about investments, stock markets, credit cards, and insurance, your financial planning is most likely to fail if you don't have a solid understanding of your money.  The first and possibly most crucial stage in financial planning is to have a solid understanding of your finances, or your financial situation, and to be able to manage them intelligently. So, what is your financial situation? 1) Earnings and Expenses: In order to assess how much money, you have in hand after taking care of your requirements and goals, what you make will be less important than how much you spend. To be in a better financial situation, one needs to set a ‘balance’ between earning and spending habits. And the same can be used as a benchmark to plan your finances. A positive or zero bank balance at the conclusion of most months corresponds to a weak financial trend, whereas a healthy bank balance at the end of the month typically indicates a tendency towards a stro...

The New Regime has Lower Slab Rates and Fewer Exemptions than the Old Regime, which has Deductions and Exemptions. Employees must notify their employers of their preferred tax structure at the beginning of the new financial year. WHY DO YOU HAVE TO OPT FOR A TAX REGIME?  Because the CBDT (Circular no 04/2023) made it COMPULSORY for the Employers. Hence, employers are asking their employees for information about which income tax regime they wish to select. Accordingly, the employer will be deducting TDS. You must choose between the New and Old Tax Regimes; otherwise, the Employer will automatically deduct TDS in accordance with the New Tax Regime. The goal of TDS on Salary has no bearing on whether the taxpayer files an income tax return under the Old or New Income Tax Regime. It is modifiable during ITR filing. TIPS ON WHICH IS THE RIGHT TAX REGIME FOR YOU  For Income up to Rs 7 lakh the New Tax Regime is better  In case you don’t have Tax savings and Deductions to a...