Neil Borate

Mumbai, Pune

Deputy Editor at Mint

Deputy Editor at Mint (https://t.co/SlqsYaDTDH) heading the Personal Finance team

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Articles

Savings rates have dropped to 2.7%. Here's how to make your money work for you again

1 week ago | livemint.com | Neil Borate

It’s time to ask: is your bank balance truly working for you? In this article, we explore smarter, safer, and more rewarding alternatives to traditional savings accounts—without compromising on liquidity or peace of mind. Switching banksHarshad Chetanwala, co-founder of MyWealthGrowth.com, emphasises that the primary considerations for alternative investments should be safety and liquidity.
How PPFAS is trying to change wealth management with simple advice

3 weeks ago | livemint.com | Sashind Ningthoukhongjam |Neil Borate

Summary The game plan is to replicate the core philosophy that has driven PPFAS's fund management business over decades, says Khushboo Joshi, chief wealth officer of PPFAS Wealth. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. MUMBAI : Parag Parikh Financial Advisory Services (PPFAS) Ltd’s flagship flexi-cap scheme has a cult following in the mutual fund space.
Govt may raise equity allocation in NPS default scheme to 25%

3 weeks ago | livemint.com | Neil Borate |Aprajita Sharma

Under the NPS, there are four market-linked schemes. In the default scheme, only government pension fund managers—SBI Pension Funds Pvt. Ltd, UTI Retirement Solutions Ltd, and LIC Pension Fund Ltd—can manage employees' contributions. Each fund manager must invest 85% of the contribution in fixed-income assets and 15% in equities.
Have a home loan? Here's how to squeeze the most out of it.

3 weeks ago | livemint.com | Neil Borate |Aprajita Sharma

According to Mohan, replacing a standard loan with an OD loan and moving idle money into it from your savings account can result in huge savings. Yes, the money you move to an OD account won't earn any interest, as it would in a savings account, but it will help you save on interest the bank would have otherwise charged you on your outstanding loan. By forgoing 4-6% savings-account interest, you are essentially saving 8.25%, the interest on home loan.
HT Syndication: MFs engineer category for tax-efficient debt funds

3 weeks ago | htsyndication.com | Neil Borate

MFs engineer category for tax-efficient debt funds India, April 1 -- Ever since finance minister Nirmala Sitharaman redefined debt mutual funds in the July 2024 budget as those that invest more than 65% in debt, there's been an upheaval in the mutual fund industry.... To read the full article or to get the complete feed from this publication, please Contact Us.
HT Syndication: MFs engineer category for tax-efficient debt funds

3 weeks ago | htsyndication.com | Neil Borate

India, April 1 -- Ever since finance minister Nirmala Sitharaman redefined debt mutual funds in the July 2024 budget as those that invest more than 65% in debt, there's been an upheaval in the mutual fund industry. That's because pure debt funds are taxed at the holder's income tax slab rate - which can be as high as 39% - regardless of the holding period. However, a fund that marries debt with another asset gets the benefit of just 12.5% long-term capital gains tax.
Mutual funds engineer new category in quest for tax-efficient debt funds

3 weeks ago | livemint.com | Neil Borate

That's because pure debt funds are taxed at the holder's income tax slab rate – which can be as high as 39% – regardless of the holding period. However, a fund that marries debt with another asset gets the benefit of just 12.5% long-term capital gains tax. The condition is that debt must be less than 65% of the portfolio. The most apt asset to pair debt with is arbitrage, so mutual funds have engineered a new product that delivers this combination.
HT Syndication: Mutual funds engineer new category in quest for tax-efficient debt funds

3 weeks ago | htsyndication.com | Neil Borate

New Delhi, March 31 -- Ever since finance minister Nirmala Sitharaman redefined debt mutual funds in the July 2024 budget as those that invest more than 65% in debt, there's been an upheaval in the mutual fund industry. That's because pure debt funds are taxed at the holder's income tax slab rate - which can be as high as 39% - regardless of the holding period. However, a fund that marries debt with another asset gets the benefit of just 12.5% long-term capital gains tax.
Finfluencers registered as mutual fund distributors may face Sebi scrutiny

3 weeks ago | livemint.com | Pratishtha Bagai |Neil Borate

Markets Summary Amfi is supposed to regulate mutual fund distributors (MFDs). If it falls short, Sebi's surveillance systems will take care of it, says new Sebi chief, Tuhin Kanta Pandey. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories.
Income tax hack: Do this by 31 March to avoid interest on advance tax shortfall

1 month ago | livemint.com | Neil Borate

Imagine realizing in March that you owe additional taxes—plus interest—because you missed your advance tax payments. For many salaried individuals earning extra income from fixed deposits, stocks, or rental properties, this is a costly oversight. While employers deduct tax at source (TDS) on salaries, they don’t account for other sources of income unless explicitly informed. The good news?