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Ask Money Today: How to settle death cases under Atal Pension Yojana?

The amount/ pension received under APY is treated as taxable income. The beneficiary would be taxed as per applicable income tax slab

 
 

Given the rally we have seen in the last 9 months we are definitely not in the value buying zone currently as most of the stocks are priced fairly

As per the Payment and Gratuity Act, an employee should render five years of continuous service with the existing employer to become eligible for gratuity

Equity Linked Savings Scheme, or ELSS funds, is a better product to create higher wealth on your investments as it provides pure equity exposure

 
 

It would be more preferable to select a diversified fund with high pharma exposure or with more exposure towards the ingredients manufacturing space

The effects of a long period of time in compounding wealth are very important

Investing through a systematic investment plan or SIP is the best way to create wealth through equity mutual funds

With current SIP of Rs 35,000 plus Rs 45 lakh of existing corpus, you will accumulate corpus of around Rs 3.7 crore by the age of retirement

With current SIP of Rs 37,000 per month, by the age of 40 you will accumulate corpus of around Rs 1.3-1.5 crore, assuming returns of around 12 per cent

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