Hello,

Sign up to join InvestingDhan—a forum for simplified stock analysis, mutual funds, ETFs, and Nifty predictions!

Have an account?

Welcome Back,

Please sign in to your account!

Don't have account,

Forgot Password,

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Captcha Click on image to update the captcha.

Have an account?

You must login to ask a question.

Need An Account,

You must login to send a message.

Need An Account,

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Search
Ask A Question

Welcome To Himer

Ask questions and get real answers from real people. Whether you’re looking for crossword answers, practical advice or you’ve just come for a chat, get answers to your questions. To get started all you need to do is register.

What's your question?
  1. Asked: October 24, 2024

    Which mutual funds are best for beginners in 2024?

    Anonymous
    Anonymous

    Here’s a simple guide to the best mutual funds for beginners in 2024: 1. Index Funds Why: Index funds follow a specific market index, like the Nifty 50 or Sensex, offering low-cost exposure to the entire market. Best Options: Nifty 50 Index Fund Sensex Index Fund 2. Large-Cap Funds Why: These fundsRead more

    Here’s a simple guide to the best mutual funds for beginners in 2024:

    1. Index Funds

    • Why: Index funds follow a specific market index, like the Nifty 50 or Sensex, offering low-cost exposure to the entire market.
    • Best Options:
      • Nifty 50 Index Fund
      • Sensex Index Fund

    2. Large-Cap Funds

    • Why: These funds invest in large, well-established companies, providing relatively stable returns with lower volatility.
    • Best Options:
      • HDFC Top 100 Fund
      • Axis Bluechip Fund

    3. Multi-Cap Funds

    • Why: Multi-cap funds invest in a mix of large, mid, and small-cap stocks, giving a balanced approach with potential for higher returns.
    • Best Options:
      • Parag Parikh Flexi Cap Fund
      • Canara Robeco Multi Cap Fund

    Tips for Beginners:

    • Start Small: Begin with a modest amount and increase as you gain confidence.
    • Diversify: Spread investments across different types of funds to reduce risk.
    • Think Long-Term: Aim to invest for 5-10 years for better returns.
    • Consult a Financial Advisor: Get tailored advice to match your goals.
    • Stay Informed: Regularly check in on market trends and your investments.

    Remember, while these funds have good track records, always do your research or speak with an advisor before investing.

    See less
  2. Asked: November 2, 2024

    How do you manage fear and greed in trading?

    Kiran123
    Kiran123 Beginner

    Manage Fear and Greed in Trading Fear and greed are powerful emotions that can fail your trading strategy. To manage them effectively:  * Develop a solid trading plan: Set clear entry and exit points, risk management rules, and position sizing.  * Practice discipline and patience: Stick to your planRead more

    Manage Fear and Greed in Trading

    Fear and greed are powerful emotions that can fail your trading strategy. To manage them effectively:

     * Develop a solid trading plan: Set clear entry and exit points, risk management rules, and position sizing.

     * Practice discipline and patience: Stick to your plan, avoid impulsive decisions, and wait for the right opportunities.

     * Cultivate mindfulness and emotional awareness: Recognize triggers, practice mindfulness techniques, and maintain a trading journal.

     * Improve a positive mindset: Focus on the process, learn from mistakes, and celebrate successes.

     * Seek continuous learning and improvement: Stay updated, learn from experienced traders, and practice regularly.

    By implementing these strategies, you can tame your emotions and increase your chances of long-term success.

    See less
  3. Asked: November 1, 2024

    How is inheritance taxed on property and investments in India?

    Viha K
    Viha K Explainer

    Here’s a simple guide to inheritance tax in India: No Inheritance Tax in India: Currently, India does not have an inheritance tax. This means you won’t pay any tax to the government just for inheriting property or investments. However, there are some taxes to consider in the future: Capital Gains TaRead more

    Here’s a simple guide to inheritance tax in India:

    No Inheritance Tax in India: Currently, India does not have an inheritance tax. This means you won’t pay any tax to the government just for inheriting property or investments.

    However, there are some taxes to consider in the future:

    1. Capital Gains Tax: If you sell inherited property or investments, you may have to pay capital gains tax on any profit from the sale.
    2. Income Tax on Rental Income: If the inherited property earns rental income, you’ll need to pay income tax on that rental income.
    3. Other Taxes: Additional taxes, like stamp duty or property tax, may apply depending on the inherited assets and any transactions you make with them.

    Key Points to Remember:

    • No Inheritance Tax: There’s no tax on simply inheriting assets.
    • Future Taxes May Apply: Be aware of taxes if you sell or earn income from inherited assets.
    • Seek Professional Advice: A tax advisor can give you personalized guidance for managing taxes on your inheritance.

    By knowing these basics, you can better plan for your financial future and make informed choices about your inherited assets.

    See less
  4. Asked: November 1, 2024

    How much tax do I pay on dividends from stocks in India?

    Viha K
    Viha K Explainer

    Here’s a simple guide to understanding dividend taxation in India: No More Dividend Distribution Tax (DDT): Earlier, companies paid a tax (DDT) on the dividends they distributed. Now, this tax has been removed. Tax on Dividend Income: Now, the tax on dividends is paid by the person receiving it. ThiRead more

    Here’s a simple guide to understanding dividend taxation in India:

    1. No More Dividend Distribution Tax (DDT): Earlier, companies paid a tax (DDT) on the dividends they distributed. Now, this tax has been removed.
    2. Tax on Dividend Income: Now, the tax on dividends is paid by the person receiving it. This means your dividend income is added to your total income and taxed according to your regular income tax rate.
    3. Tax Deducted at Source (TDS):
      • TDS Threshold: If you receive more than ₹5,000 in dividends in a financial year from a company, a 10% TDS will be applied.
      • TDS Exemption: If your total income is below the taxable limit, you can claim a full refund of this TDS.

    Key Points:

    • No Fixed Tax Rate for Dividends: Dividends are taxed at your regular income tax rate.
    • TDS Consideration: Remember the ₹5,000 TDS threshold and claim a refund if eligible.

    Consult a Tax Expert: For tailored tax advice, it’s best to speak with a tax professional. They can help you understand your specific tax situation and assist with filing.

    By knowing these basics, you can better plan your investments and manage your taxes.

    See less
  5. Asked: October 25, 2024

    Can I lose money by investing in ETFs?

    Viha K
    Viha K Explainer
    This answer was edited.

    Yes, it's possible to lose money when investing in ETFs, just like with any other type of investment. Here’s why: Market Changes: The value of an ETF goes up or down with the market. If the market falls, your ETF’s value might drop too. Special ETF Risks: Some types of ETFs, like leveraged or inversRead more

    Yes, it’s possible to lose money when investing in ETFs, just like with any other type of investment. Here’s why:

    1. Market Changes: The value of an ETF goes up or down with the market. If the market falls, your ETF’s value might drop too.
    2. Special ETF Risks: Some types of ETFs, like leveraged or inverse ETFs, can be riskier and fluctuate more.
    3. Liquidity Risk: Some ETFs may not be easy to buy or sell quickly, which can make it harder to get out of a position when you want to.

     

    However, ETFs have some benefits that help manage these risks:

    • Diversification: Many ETFs follow broad indexes, spreading your investment across many companies and lowering your overall risk.
    • Lower Costs: ETFs often cost less to manage than traditional mutual funds.
    • Tax Benefits: ETFs can be tax-efficient, especially if you hold them for the long term.

     

    To reduce risk when investing in ETFs:

    1. Research Thoroughly: Understand what the ETF invests in, its fees, and its past performance.
    2. Diversify: Spread your money across different ETFs to limit exposure to any single investment.
    3. Think Long-Term: Consider holding onto your ETFs for the long run to weather market ups and downs.
    4. Seek Advice: Talk to a financial advisor to help choose ETFs that match your goals and comfort with risk.

    By knowing the risks and investing wisely, you can improve your chances of long-term success with ETFs.

    See less
  6. Asked: October 25, 2024

    What are the tax implications of investing in ETFs in India?

    Viha K
    Viha K Explainer

    Understanding ETF Tax Rules in India Exchange-Traded Funds (ETFs) are a popular investment option in India, offering diversification and ease of trading. However, it's essential to understand the tax implications to plan effectively. Capital Gains Tax Short-Term Capital Gains (STCG) If you sell yourRead more

    Understanding ETF Tax Rules in India

    Exchange-Traded Funds (ETFs) are a popular investment option in India, offering diversification and ease of trading. However, it’s essential to understand the tax implications to plan effectively.

    Capital Gains Tax

    1. Short-Term Capital Gains (STCG)
      • If you sell your ETF units within one year of purchase, the profit is treated as a short-term capital gain.
      • This gain is added to your annual income and taxed according to your income tax slab.
    2. Long-Term Capital Gains (LTCG)
      • Selling ETF units after holding them for over a year qualifies as long-term capital gain.
      • For equity ETFs, long-term gains up to ₹1 lakh per year are tax-free. Gains above ₹1 lakh are taxed at 10% (without indexation benefits).

    Key Points to Keep in Mind:

    • No Indexation for Equity ETFs: Indexation adjusts the purchase price for inflation, which can reduce taxable gains, but it’s not available for equity ETFs.
    • Dividend Tax: If an ETF distributes dividends, a Dividend Distribution Tax (DDT) may be applicable and is usually deducted by the fund house.
    • Seek Professional Advice: Tax laws can be complex. For personalized guidance, consult a qualified tax advisor.
    See less
  7. Asked: October 26, 2024

    What is technical analysis in stock investing?

    vijay123
    vijay123 Teacher

    Technical analysis is a method used by investors and traders to analyze the price movements and trading volume of a stock to identify potential trading opportunities. Here's a breakdown for beginners on Investing Dhan: What Does Technical Analysis Look At? Technical analysts primarily focus on histoRead more

    Technical analysis is a method used by investors and traders to analyze the price movements and trading volume of a stock to identify potential trading opportunities. Here’s a breakdown for beginners on Investing Dhan:

    What Does Technical Analysis Look At?

    Technical analysts primarily focus on historical price data and trading volume to make predictions about future price movements. They use various tools and indicators derived from this data, including:

    • Price Charts: These charts visually represent the price movements of a stock over time.
    • Moving Averages: These smooth out price fluctuations and help identify trends.
    • Support and Resistance Levels: These are price points where the stock price tends to find support (bounce back) or resistance (get rejected).
    • Technical Indicators: These are mathematical calculations based on price and volume data that aim to predict future price movements (e.g., Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD)).

    Benefits of Technical Analysis:

    • Identify Trading Opportunities: By analyzing trends and patterns, technical analysis can help you identify potential entry and exit points for trades.
    • Gauge Market Sentiment: Technical indicators can reflect the overall sentiment (optimism or pessimism) towards a stock.
    • Risk Management: Technical analysis can be used to set stop-loss orders and manage risk in your portfolio.

    Things to Keep in Mind:

    • Not Perfect: Technical analysis is not a foolproof way to predict the future. Market movements are influenced by various factors beyond historical data.
    • Combine with Other Methods: Technical analysis should be used in conjunction with other investment strategies like fundamental analysis.
    • Develop Your Skills: Mastering technical analysis requires learning and practice. Start with basic tools and indicators before diving deeper.
    See less
  8. Asked: November 1, 2024

    What are the tax benefits of investing in senior citizen schemes?

    vijay123
    Best Answer
    vijay123 Teacher
    Home

    Senior citizen schemes offer a secure way to grow your savings while providing tax advantages. Here's what you need to know: Reduced Taxable Income: Many senior citizen schemes allow you to claim deductions under Section 80C of the Income Tax Act. This reduces your overall taxable income, potentiallRead more

    Senior citizen schemes offer a secure way to grow your savings while providing tax advantages. Here’s what you need to know:

    Reduced Taxable Income: Many senior citizen schemes allow you to claim deductions under Section 80C of the Income Tax Act. This reduces your overall taxable income, potentially lowering your tax liability.

    Key Points on Tax Benefits:

    • Investment Deduction: Popular schemes like the Senior Citizen Savings Scheme (SCSS) allow deductions up to ₹1.5 lakh on the invested amount.
    • Interest Taxation: The interest earned on these schemes is taxable as per your tax slab. However, some schemes offer tax-free interest up to a certain limit.
    • TDS on Interest: If your total interest income from all senior citizen schemes exceeds ₹50,000 in a financial year, a Tax Deducted at Source (TDS) might be applied.

    Benefits Beyond Taxes:

    Investing Dhan understands that security and steady returns are crucial for senior citizens. These schemes often offer:

    • High Interest Rates: Senior citizen schemes typically offer higher interest rates than regular savings accounts.
    • Government Backing: Many schemes are backed by the government, providing security and peace of mind.
    • Flexible Options: Choose schemes with different tenures and withdrawal options to suit your needs.

    Explore Senior Citizen Schemes on Investing Dhan:

    Investing Dhan provides information and resources on various senior citizen schemes. Explore options like SCSS, Tax-Saving FDs, and Senior Citizen Pension Schemes. Make informed decisions and leverage the tax benefits to secure your financial future.

    See less
  9. Asked: November 1, 2024

    Can I save tax by investing in NPS (National Pension System)?

    Anonymous
    Best Answer
    Anonymous

    Yes, investing in the National Pension System (NPS) can help you save on taxes. The NPS is a government-backed retirement savings scheme designed to provide long-term financial security. By contributing to the NPS, investors can benefit from significant tax deductions under various sections of the IRead more

    Yes, investing in the National Pension System (NPS) can help you save on taxes. The NPS is a government-backed retirement savings scheme designed to provide long-term financial security. By contributing to the NPS, investors can benefit from significant tax deductions under various sections of the Income Tax Act, making it an attractive choice for tax-saving investments in India.

    Tax Benefits of NPS:

    1. Tax Deduction Under Section 80CCD(1):
      • Investments in NPS are eligible for a deduction of up to ₹1.5 lakh per financial year under Section 80C and 80CCD(1).
      • Salaried individuals can claim a deduction of up to 10% of their salary (basic + DA), while self-employed individuals can claim up to 20% of their gross income.
    2. Additional Deduction Under Section 80CCD(1B):
      • Beyond the Section 80C limit, investors can claim an additional deduction of up to ₹50,000 under Section 80CCD(1B).
      • This extra deduction is available exclusively for NPS contributions, providing further tax savings and encouraging long-term retirement planning.
    3. Employer Contribution Under Section 80CCD(2):
      • If your employer contributes to your NPS account, you can claim a deduction under Section 80CCD(2).
      • This benefit is over and above the ₹1.5 lakh limit under Section 80C and is not subject to any upper limit.
    4. Partial Withdrawal and Maturity Benefits:
      • After 60 years of age, 60% of the NPS corpus can be withdrawn tax-free, while 40% must be used to purchase an annuity, which is taxable as per the applicable income tax rates.

    Why NPS is a Good Tax-Saving Investment:

    Investing in NPS not only helps you save on taxes each year but also supports a disciplined approach to retirement savings with market-linked returns. The scheme provides a balanced portfolio with options in equities, corporate bonds, and government securities, helping investors build a strong retirement corpus.

    By choosing NPS as a part of your tax-saving investments, you can maximize your tax deductions and ensure a secure retirement.

    See less
  10. Asked: November 1, 2024

    What is Muhurat Trading and why is it important?

    Anonymous
    Best Answer
    Anonymous

    Muhurat trading is a special one-hour trading session that takes place on Diwali, a Hindu festival. It's believed to bring good luck for the upcoming financial year. People buy and sell stocks during this time as a symbolic gesture of inviting wealth and prosperity. Key Points to Remember: AuspiciouRead more

    Muhurat trading is a special one-hour trading session that takes place on Diwali, a Hindu festival. It’s believed to bring good luck for the upcoming financial year. People buy and sell stocks during this time as a symbolic gesture of inviting wealth and prosperity.

    Key Points to Remember:

    • Auspicious Timing: Muhurat trading takes place during the auspicious time of Laxmi Puja.
    • Limited Duration: The trading session lasts for only one hour.
    • Symbolic Significance: It’s more about the symbolic gesture than actual financial gains.
    • Informed Decision-Making: While it’s a tradition, it’s important to make informed investment decisions.

    Remember, while Muhurat trading holds cultural significance, it’s crucial to approach it with a rational mindset and consult with a financial advisor.

    See less
Load More Answers