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Anagh Pal
25 Sep 2023, 11:51

Home loan tax deductions: Self-occupied vs rented, the differences

Home loan tax deductions: Self-occupied vs rented, the differences

Home loan tax deductions: Self-occupied vs rented, the differences

Buying a home is undoubtedly one of the biggest financial commitments in one’s life. And since it is a big ticket purchase, one more often than not needs to take a loan to purchase.Tax deductions on home loans provide an incentive to people to purchase their own home. We take a look at how home loan tax deductions work in different situations and other rules.

Investors’ new love for mutual funds might take sheen off bank deposits
Anagh Pal
21 Sep 2023, 11:46

Investors’ new love for mutual funds might take sheen off bank deposits

Mutual funds hold an inherent advantage as investments because they provide a diverse range of products tailored to investors' preferences. These include equity schemes and traditional debt options. For those with a more risk-tolerant approach, there are hybrid schemes, whereas index funds and ETFs offer more aggressive investment options. Nonetheless, it's important to note that all these investment options carry a degree of risk since they are influenced by the market, making them somewhat less predictable.

Catch 22: Senior citizens can strategize and reduce their health insurance premiums but should they?
Anagh Pal
21 Sep 2023, 10:22

Catch 22: Senior citizens can strategize and reduce their health insurance premiums but should they?

Health insurance is indispensable in the modern age as it offers financial security during medical emergencies. Insurers often provide specialised health insurance policies tailored for senior citizens, typically catering to individuals aged 60 years and older. These plans encompass extensive coverage for hospitalisation in planned medical situations or emergencies, including pre-existing conditions and critical illnesses.However, the premiums for these policies tend to be comparatively higher, as seniors are more likely to suffer from chronic diseases and other ailments.