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Technology funds, including Aditya Birla Sun Life Digital India Fund, saw a decline of around 3.96%. Will April bring a change in fortunes for these investors?
Budget 2024: No tax rebates were announced in the Interim Budget, leaving the Indian middle class disappointed
Unlike the tax rebate (available on incomes up to Rs 5 lakh and Rs 7 lakh, respectively, under the old and new tax regimes), a hike in the basic exemption limit will reduce the tax liability across income slabs
Despite being a vote-on-account and most of the changes having come through in 2023, individual taxpayers could expect some concessions in this election-year Budget. However, any changes would be limited to the new tax regime, as the government seems determined to look past the old one
Jeevan Utsav is meant to generate regular income over the long term, after the premium-paying years. The 10 percent on sum assured may sound stellar, but the internal rate of return is 5.7-6.04 percent, depending on age, sum assured, and premium-paying term.