Finoviser Financial Services LLP

What are Thematic Funds? As the name, ‘thematic’ suggests, thematic funds invest in sectors and industries that are tied to a particular theme. Fund manager of Thematic funds tries to identify a specific theme emerging out of current economic trends and invest in those companies encompassing that theme, which can be highly rewarding. Thematic fund managers seek to make the most out of such windows of opportunity. Thematic Fund is a type of equity mutual fund for aggressive investors. However, don’t mistake between a sector fund and a thematic fund. Sector Funds invest in a single sector only. Whereas, thematic funds invest in sectors or businesses with common growth drivers or similar selection factors. How Thematic Funds Work? Thematic funds are introduced by fund houses when they identify a well-defined theme as an opportunity to invest and grow investors money. Thematic funds are a type of equity mutual fund and invest 80% of asset allocation to equities and equity-related ...

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) Earning and Expenses: What you earn will matter less compared to how much you spend when it comes to determining how much money you have on hand after meeting your needs and wants.  If you want to be in a better financial situation, then you have to strike a ‘balance’ between earning and spending habits. It can be used as a benchmark to plan your finances. Normally, a healthy bank balance at the end of the month indicates a trend towards a good financial position, and a zero or negative bank balance at the end of most months corresponds to a weak f...

Exclusions and deductions are part of the old regime, although the new regime has lower slab rates and fewer exemptions. Employees must disclose their preferred tax structure to their employers prior to the start of the fiscal year. WHY DO YOU HAVE TO OPT FOR A TAX REGIME?  Because the CBDT (Circular no 04/2023) made it COMPULSORY for the Employers and hence, Employers are asking their Employees for information on which regime they wish to select. The employer will make the necessary TDS deductions. You must choose between the New and Old Tax Regimes; otherwise, the Employer will deduct TDS in accordance with the New Tax Regime, which is the DEFAULT option. The TDS on Salary has no bearing on filing income tax return, whether they opt for the Old or New Income Tax Regime. While submitting your ITR, you can make changes. 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 ...