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Economic Times
3 days ago
- Business
- Economic Times
What is LRS or RBI's Liberalised Remittance Scheme?
Funds can be remitted outside India for various purposes such as investments, travel, education and more The Reserve Bank of India provides the Liberalised Remittance Scheme. Indian residents can send money abroad. Individuals can remit up to $2,50,000 annually. This is without special permission from the RBI. The scheme is for education, travel, investments, and more. Tax is applicable depending on the purpose of remittance. Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) 1. LRS is a facility provided by the Reserve Bank of India (RBI) that allows resident individuals in India to send money abroad.2. Individuals can remit up to $2,50,000 per financial year (April– March) without special permission from the RBI3. Only resident individuals, including minors (through a guardian), are eligible. The scheme does not apply to companies, partnerships, or trusts.4. Funds can be remitted for various purposes, including education and medical expenses abroad, travel, gifting and donations, investments in foreign stocks, bonds, real estate, and deposits.5. Depending on the purpose, tax collected at source , or TCS, of up to 20% may be applicable on the remitted on this page is courtesy Centre for Investment Education and Learning (CIEL).Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
Time of India
3 days ago
- Business
- Time of India
What are low-duration mutual funds? Who should invest in them?
Low-duration funds invest in short-term debt instruments. These funds offer stable returns over six to twelve months. They suit investors seeking liquidity and lower interest rate sensitivity. These funds invest in CDs, CPs, treasury bills, and short-term corporate bonds. Investors can access such low-duration funds through various platforms online. Tired of too many ads? Remove Ads Where do these invest? Why consider these How to invest Points to note Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) Low-duration funds are debt mutual funds that invest in debt and money market instruments with an average maturity of six to 12 months. They are suited to investors seeking relatively stable returns over a short-term horizon of six months to a year, offering a balanced mix of liquidity , returns, and lower sensitivity to interest rate funds primarily invest in a mix of short-term instruments, such as certificates of deposit (CDs), commercial papers (CPs), treasury bills, and short-term corporate bonds. The lower average maturity of the underlying securities helps reduce the impact of interest rate fluctuations, making these less volatile comparedd to long-duration debt funds are useful during uncertain interest rate environments. Since these invest in short-term instruments, the fund manager can adjust the portfolio more frequently based on changing market conditions. For risk-averse investors who want better returns than traditional savings or fixed deposits without locking in funds for long periods, low-duration funds offer an attractive middle can access low-duration funds through mutual fund platforms, banks, or financial advisors. It is advisable to review the fund's credit quality, expense ratio, historical performance, and experience of the fund management team. While these funds aim to preserve capital, credit risk cannot be completely eliminated. So investing in schemes with high-rated instruments is prudent.• Low-duration funds are best suited to short-term goals or as part of a larger asset allocation strategy.• Avoid using these funds for goals that demand complete capital protection in the short on this page is courtesy Centre for Investment Education and Learning (CIEL).Contributions by Girija Gadre, Arti Bhargava, and Labdhi Mehta.
Time of India
19-05-2025
- Business
- Time of India
What is the digital rupee?
Let's understand what is the digital rupee : 1. The digital rupee is India's central bank digital currency , issued by the RBI . 2. It is a tokenised digital version of the Indian rupee , designed to complement physical cash and existing digital payment systems. 3. Banks provide the digital rupee app, where one can convert INR from linked bank accounts to digital rupees and start transacting using scan codes. 4. It uses distributed ledger technology to ensure security and transparency. Live Events 5. Unlike bank deposits, holding digital rupees does not generate any interest. Content courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
Time of India
12-05-2025
- Business
- Time of India
5 things you need to know about debt trap
1.A debt trap occurs when one struggles to repay borrowed funds, leading to a cycle of taking on more loans to cover previous debts. use of credit cards, high-interest loans , unplanned spending, and job loss are major contributors to debt traps. #Operation Sindoor India responds to Pak's ceasefire violation; All that happened India-Pakistan ceasefire reactions: Who said what Punjab's hopes for normalcy dimmed by fresh violations traps can lead to financial stress , reduced credit scores, and difficulty in securing future loans. can avoid getting into a debt trap by paying off loans, starting with high-interest debts. Still confused between New vs Old Tax Regime? Find out which one saves you more with our tax calculator! consolidation, or combining multiple loans into one with a lower interest rate, can help manage repayments more effectively. Content courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
Time of India
05-05-2025
- Business
- Time of India
What is embedded insurance?
Let's understand what is embedded insurance and how it can be useful for you. #Pahalgam Terrorist Attack India much better equipped to target cross-border terror since Balakot India conducts maiden flight-trials of stratospheric airship platform Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad 1. Embedded insurance is the integration of insurance products directly into the purchase process of other goods or services. 2. It allows insurers to offer specific risk coverage, avoiding unnecessary inclusions and making policies more cost-effective. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Has Honda Done It Again? The New Honda CR-V is Finally Here. TheFactualist Undo 3. Insurers are simplifying customer experience by leveraging digital platforms and partnerships to embed insurance into customer journeys. 4. Platforms like MakeMyTrip and Yatra offer travel insurance while booking flights and hotels; Amazon and Flipkart provide embedded insurance for electronics on purchase; Ola and Uber include insurance for riders, covering accidental injuries during trips. Live Events 5. Embedded insurance is addressing India's protection gap by offering affordable and contextualised products. Content courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
