Welcome to the Multipl Movement.
Join the conversation about saving smart and spending smarter. Here we share fresh insights about money, market and lifestyle.
Latest bits
No more indexation benefit on capital gains on certain Debt Mutual Funds
What are the changes in LTCG for debt mutual funds? Starting from April 1, 2023, capital gains on certain debt oriented mutual funds (that invest less than 35% in equities) — will be added to your taxable income and taxed at your applicable slab rate. Long-term capital gains (LTCG) tax benefits and indexation benefits on…
Confused About UPI Charges? Here’s What You Need To Know
The National Payments Corporation of India (NPCI) has declared that from April 1, 2023, any Unified Payments Interface (UPI) transaction of more than ₹2,000 made via prepaid payment instruments (PPI) such as pre-loaded gift cards or online wallets will incur an interchange fee of up to 1.1%. This caused a lot of confusion about whether…
Steps to update your Nomination
How to update Nomination in my folios? As per SEBI regulations, it is mandatory for all Mutual Fund investors to provide a nomination OR opt out of nomination for all their folios through declaration by 31st March 2023, failing which, the folios shall be frozen for debits by the Mutual Fund House till a nomination…
Why is Financial Planning Important For Our Future?
While savings and investments are a big part of a sound financial strategy, there are other factors to consider. What are your long-term goals versus your short-term needs? What is your budget? Have you planned for an emergency? Financial planning helps people determine whether they are on track to achieve overall financial success. So, in…
Home Loan Rates Have Touched 9%+. Should You Prepay?
The interest and principal repayment on such EMIs are deductible from their taxable income under the old tax regime as per the prescribed limits. This allows them to lower their tax burden and thus increase their disposable income. So, if your income falls under the taxable slabs, and you are considering buying a house on…
Importance of Long-Term Investment in Mutual Funds
Long-term investing means keeping money in various assets for more than a year. Depending on one’s goals, it can be up to three, five, ten years, or even longer. These assets include mutual funds, shares, and debt securities like commercial papers, debentures, etc. Commonly long-term mutual funds investment is recommended because it allows investments to…
Expenses Parents Need to Save for Children
You can either buy a luxury car or raise a child. That might sound heartless because raising a child is far more challenging, transformational and rewarding than buying a car. However, to reap those emotional returns, managing expenses and having a financial plan are important from the time your child is conceived until she is…
What are some good tips for saving money from your salary?
Saving tips are an important step on the way to achieving your goals. Some people may be lucky enough to have a monthly salary that is enough to cover their responsibilities as well as their goals and aspirations, but most people have to give up their goals and aspirations because their income isn’t enough to…
What are the Most Useful Money Investment and Saving Tricks?
Investing and saving money can be difficult, but it doesn’t have to be. With the right strategies and tools, anyone can achieve their financial goals. In this article, we’ll discuss some of the most valuable tricks to invest and save your money. 1. Start Early The earlier you start investing and saving, the more time…
Loading…
Something went wrong. Please refresh the page and/or try again.
Price is what you pay.
Value is what you get.
~Warren Buffet
Multipl Movement 