Investment Lesson

Difference Between Financial Year (FY) & Assessment Year (AY) - All You Need to Know

3 minutes

As per income tax laws, all taxpayers must file their Income Tax Return (ITR) for the previous year, within the prescribed due dates, during the assessment year. The due date for filing tax returns for salaried taxpayers & non-audit businesspersons and professionals is usually July 31. Sometimes this date may be extended by the Finance Ministry.

Since the terms  'financial year', 'previous year' and 'assessment year' are often used in income tax laws, it’s helpful for all taxpayers to know their basic meaning. Read on to know the meaning and importance of these terms.

The year of Murphy’s Law

4 minutes

After a year of policy normalisation, it is time to withstand volatility

For those who are not familiar with Murphy's Law, it is a popular cultural adage regarding misfortune in general. It is typically stated as: "Anything that can go wrong will go wrong." It is also often extended to "Anything that can go wrong will go wrong, and at the worst possible time."

Murphy’s Law was named after Captain Edward A. Murphy, a US Air Force engineer who was working on a project to see how much deceleration a person could withstand in a crash.

Here's why investing in fixed maturity plans, target maturity debt funds makes sense at this juncture

4 minutes

To minimize the interim volatility due to interest rate movement and lock-in the prevailing high yields it is prudent to hold the investments till maturity of the scheme.

With the Reserve Bank of India (RBI) following a suite of major central banks that are hiking interest rates as they battle inflation on their home turf, yields have moved up significantly since May 2022.

Gear Up To Meet Lifes Any Need with Mutual Funds 

2 minutes

Here is a simple quiz question. “What do you need to meet life’s major financial goals like children’s higher education and retirement?” You have got it right if your answer is ample savings. But that was the easier part. Here’s the challenging question, “How do you create ample savings for these needs that require substantial sums?” For an individual investor, getting the right answer involves quite some doing as this involves making the right investments over long periods.