<p>Researchers from Climate X have predicted that dozens of&nbsp;UNESCO&nbsp;World Heritage Sites will stop existing till 2050 because of climate change.</p>

<p>The experts took the help of climate models to understand how the landmark sites will be impacted because of flooding, coastal erosion, landslides, wind-based hazards, storms and cyclones.</p>

<p>In the analysis, 50 world heritage sites were found to be at risk, out of which five were in India.</p>

<p>"Our findings serve as a stark warning for governments, preservationists, and the global community to prioritise the safeguarding of our planet - to preserve our ancient monuments and our current assets and infrastructure- and to protect life today and into the future," Lukky Ahmed, CEO and co-founder of Climate X said.</p>

<p><strong>Also Read:&nbsp;</strong><a href="https://www.wionews.com/world/brazil-deploys-1500-firefighters-to-tackle-amazon-wildfires-amidst-severe-drought-752469">Brazil deploys 1,500 firefighters to tackle Amazon wildfires amidst severe drought</a></p>

<p>Currently, 1,223 sites have been included in UNESCO's World Heritage list. These are considered to be important and need to be protected.</p>

<p>Researchers from Climate X carried out a new study to understand which among them will perish because of climate change.</p>

<h2><strong>How did the team predict the future of world heritage sites?</strong></h2>

<p>Climate X's Spectra platform was used by the team in which models projected how properties, assets and infrastructure will be affected by climate change under different scenarios.</p>

<p>The platform's algorithm quantified the risk from extreme weather to 16 different climate hazards, which ranged from tropical cyclones, extreme heat and flooding, across eight different warming scenarios which may occur in the next 100 years.</p>

<p>In the analysis, 50 important sites were found to be at risk if global greenhouse gas emissions continue increasing at the current rate.</p>

<p>The number one on the list is Indonesia's Subak System which faces the risk of surface flooding, extreme heat days, and drought risk.</p>

<p>The second in line was Australia's Kakadu National Park which faced the risk of surface flooding and wildfires and China's Quanzhou: Emporium of the World emerged in third place by facing the risk of drought.</p>

<p><strong>Watch:&nbsp;EU sends planes to battle fire in Madeira</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/eu-sends-planes-to-battle-fire-in-madeira-752677/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Other major sites on the list were Australia's Sydney Opera House, the US Olympic National Park, Switzerland's Swiss Alps Jungfrau-Aletsch, and Korea's Sansa Buddhist Mountain Monasteries.</p>

<p>Meanwhile, five sites from India were also on the list which included Khangchendzonga National Park, Sun Temple in Konarak, Keoladeo National Park, Sundarbans National Park and Churches and Convents of Goa.</p>

<p>"The potential impact of climate change on these sites is profound," said Ahmed.</p>

<p>"But it's not just our past heritage that's at risk - it's our present, too. While the loss of these cultural treasures - many of which have endured for millennia - would of course be devastating, it's also vital to remember the real societal and economic impact of climate change is happening in the here and now," he added.</p>

<p><em>(With inputs from agencies)</em></p>


Researchers from Climate X have predicted that dozens of UNESCO World Heritage Sites will stop existing till 2050 because of climate change. The experts took the help of climate models to understand how the landmark sites will be impacted because of flooding, coastal erosion, landslides, wind-based hazards, storms and cyclones.

Researchers from Climate X have predicted that dozens of UNESCO World Heritage Sites will stop existing till 2050 because of climate change. The experts took the help of climate models to understand how the landmark sites will be impacted because of flooding, coastal erosion, landslides, wind-based hazards, storms and cyclones. In the analysis, 50 world heritage sites were found to be at risk, out of which five were in India. "Our findings serve as a stark warning for governments, preservationists, and the global community to prioritise the safeguarding of our planet - to preserve our ancient monuments and our current assets and infrastructure- and to protect life today and into the future," Lukky Ahmed, CEO and co-founder of Climate X said. Also Read: Brazil deploys 1,500 firefighters to tackle Amazon wildfires amidst severe drought Currently, 1,223 sites have been included in UNESCO's World Heritage list. These are considered to be important and need to be protected. Researchers from Climate X carried out a new study to understand which among them will perish because of climate change. How did the team predict the future of world heritage sites? Climate X's Spectra platform was used by the team in which models projected how properties, assets and infrastructure will be affected by climate change under different scenarios. The platform's algorithm quantified the risk from extreme weather to 16 different climate hazards, which ranged from tropical cyclones, extreme heat and flooding, across eight different warming scenarios which may occur in the next 100 years. In the analysis, 50 important sites were found to be at risk if global greenhouse gas emissions continue increasing at the current rate. The number one on the list is Indonesia's Subak System which faces the risk of surface flooding, extreme heat days, and drought risk. The second in line was Australia's Kakadu National Park which faced the risk of surface flooding and wildfires and China's Quanzhou: Emporium of the World emerged in third place by facing the risk of drought. Watch: EU sends planes to battle fire in Madeira Other major sites on the list were Australia's Sydney Opera House, the US Olympic National Park, Switzerland's Swiss Alps Jungfrau-Aletsch, and Korea's Sansa Buddhist Mountain Monasteries. Meanwhile, five sites from India were also on the list which included Khangchendzonga National Park, Sun Temple in Konarak, Keoladeo National Park, Sundarbans National Park and Churches and Convents of Goa. "The potential impact of climate change on these sites is profound," said Ahmed. "But it's not just our past heritage that's at risk - it's our present, too. While the loss of these cultural treasures - many of which have endured for millennia - would of course be devastating, it's also vital to remember the real societal and economic impact of climate change is happening in the here and now," he added. (With inputs from agencies)

World will lose 50 heritage sites till 2050 because of climate change, predict experts

<p>This week in the Indian stock market, the usually high-performing PSU or public sector unit stocks saw a slight slump. Many market watchers wondered if it has stepped into the bear zone.&nbsp;</p>

<p>Defence PSU GRSE saw a fall of 37 per cent, in comparison to its 52-week peak, and BEML slumped by 31 per cent and Cochin Shipyard by 30 per cent.</p>

<p>Stock market favourites like IRCON, IRFC, RITES, HUDCO, Mazagon Dock Shipbuilders and Bharat Dynamics also fell.</p>

<p>But a day after the decline, PSU bank stocks advanced and saw an upward trend in the stock market.</p>

<p><strong>Also Read:</strong><a href="https://www.wionews.com/business-economy/money-wise-has-the-global-stock-markets-crashed-heres-what-you-must-do-to-survive-it-748655">&nbsp;Money-Wise: Have the global stock markets crashed? Here's what you must do</a></p>

<p>Explaining this slump, Retail Research Religare Broking Ltd's Senior Vice President Dr Ravi Singh said, "While PSUs have shown strong performance, recent corrections were on the cards. The PSU index remains in an uptrend, trading near a strong support zone of 6400-6600."</p>

<p>But why did these PSU stocks, which were doubling the money of the investors after every few months, go through a correction in the stock market?</p>

<p>"Many PSU stocks ran up too much too fast, pushing their valuations to unjustifiable levels. The bull run in the market and the retail investor enthusiasm help in this targeted jacking up of prices. Once the operator-driven rally runs its course, these stocks revert to realistic levels. The June quarter shareholding pattern reveals that mutual funds sold stakes in 28 PSU stocks while FIIs were bearish on 30 such counters," said Tanvi Kanchan, Head of&nbsp;UAE Business &amp; Strategy, Anand Rathi Shares and Stock Brokers.</p>

<h2><strong>Experts explain what's best for investors when PSUs turn bearish</strong></h2>

<h3><strong>Dr Ravi Singh, Senior Vice President of Retail Research Religare Broking Ltd</strong></h3>

<ul>
	<li>PSU stocks saw a normal price-wise correction. As long as the index stays above 6,400, investors should hold their positions and avoid panic selling.</li>
	<li>In the near term, PSU stocks may see some consolidation; but the broader outlook is definitely positive. Investors should look up for steady performance and more gains as the market stabilises and allows the fundamentally strong PSUs to catch up.</li>
</ul>

<h3><strong>Tanvi Kanchan, Head of UAE Business &amp; Strategy, Anand Rathi Shares and Stock Brokers</strong></h3>

<ul>
	<li>PSUs which do not have a moat and are inefficient, with weak balance sheets, low profitability, and low growth might go out of favour now. One should be very careful in discriminating between moat PSUs which are not overvalued, vs which are overvalued and also between moat vs non-moat PSUs before reaching a conclusion.&nbsp;</li>
	<li>Only PSUs with moats, having high capital efficiency, strong balance sheets, good profit, and good cash flows can sustain themselves in the future.&nbsp;</li>
	<li>The Israel-Hamas conflict is expected to end which may impact Brent crude oil. This can impact PSU oil &amp; gas stocks, which in turn will have a bearing on the Nifty PSE index.&nbsp;</li>
	<li>Capex-linked PSU stocks are also likely to gain as the government is expected to retain its focus on infrastructure development, railways, energy, power and manufacturing.</li>
</ul>

<p><strong>Watch:&nbsp;Global markets roundup: Asian stocks climb ahead of Jackson Hole</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/global-markets-roundup-asian-stocks-climb-ahead-of-jackson-hole-752142/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p><strong>Lt Col Rochak Bakshi(Retd), founder and CEO of True North Financial Services&nbsp;</strong></p>

<ul>
	<li>Those who have already invested should stay put and wait for the earnings to catch up and valuations to this cool down. It is best to stay invested with a longer-term view.</li>
	<li>There are a few pockets like banks which though not very cheap can be looked at but the broader strategy of investors should be for valuations to cool down and earnings to catch up before investing.</li>
	<li>PSUs with strong moats like defence have high capital efficiency and will improve their profitability from here on. We can expect a time-wise correction in the short to medium term.&nbsp;</li>
	<li>Eventually, these PSU stocks will move up in tandem with their earnings performance and have the potential to give above-average returns in the long term.</li>
</ul>


This week in the Indian stock market, the usually high-performing PSU or public sector unit stocks saw a slight slump. Many market watchers wondered if it has stepped into the bear zone.

This week in the Indian stock market, the usually high-performing PSU or public sector unit stocks saw a slight slump. Many market watchers wondered if it has stepped into the bear zone. Defence PSU GRSE saw a fall of 37 per cent, in comparison to its 52-week peak, and BEML slumped by 31 per cent and Cochin Shipyard by 30 per cent. Stock market favourites like IRCON, IRFC, RITES, HUDCO, Mazagon Dock Shipbuilders and Bharat Dynamics also fell. But a day after the decline, PSU bank stocks advanced and saw an upward trend in the stock market. Also Read: Money-Wise: Have the global stock markets crashed? Here's what you must do Explaining this slump, Retail Research Religare Broking Ltd's Senior Vice President Dr Ravi Singh said, "While PSUs have shown strong performance, recent corrections were on the cards. The PSU index remains in an uptrend, trading near a strong support zone of 6400-6600." But why did these PSU stocks, which were doubling the money of the investors after every few months, go through a correction in the stock market? "Many PSU stocks ran up too much too fast, pushing their valuations to unjustifiable levels. The bull run in the market and the retail investor enthusiasm help in this targeted jacking up of prices. Once the operator-driven rally runs its course, these stocks revert to realistic levels. The June quarter shareholding pattern reveals that mutual funds sold stakes in 28 PSU stocks while FIIs were bearish on 30 such counters," said Tanvi Kanchan, Head of UAE Business & Strategy, Anand Rathi Shares and Stock Brokers. Experts explain what's best for investors when PSUs turn bearish Dr Ravi Singh, Senior Vice President of Retail Research Religare Broking Ltd PSU stocks saw a normal price-wise correction. As long as the index stays above 6,400, investors should hold their positions and avoid panic selling. In the near term, PSU stocks may see some consolidation; but the broader outlook is definitely positive. Investors should look up for steady performance and more gains as the market stabilises and allows the fundamentally strong PSUs to catch up. Tanvi Kanchan, Head of UAE Business & Strategy, Anand Rathi Shares and Stock Brokers PSUs which do not have a moat and are inefficient, with weak balance sheets, low profitability, and low growth might go out of favour now. One should be very careful in discriminating between moat PSUs which are not overvalued, vs which are overvalued and also between moat vs non-moat PSUs before reaching a conclusion. Only PSUs with moats, having high capital efficiency, strong balance sheets, good profit, and good cash flows can sustain themselves in the future. The Israel-Hamas conflict is expected to end which may impact Brent crude oil. This can impact PSU oil & gas stocks, which in turn will have a bearing on the Nifty PSE index. Capex-linked PSU stocks are also likely to gain as the government is expected to retain its focus on infrastructure development, railways, energy, power and manufacturing. Watch: Global markets roundup: Asian stocks climb ahead of Jackson Hole Lt Col Rochak Bakshi(Retd), founder and CEO of True North Financial Services Those who have already invested should stay put and wait for the earnings to catch up and valuations to this cool down. It is best to stay invested with a longer-term view. There are a few pockets like banks which though not very cheap can be looked at but the broader strategy of investors should be for valuations to cool down and earnings to catch up before investing. PSUs with strong moats like defence have high capital efficiency and will improve their profitability from here on. We can expect a time-wise correction in the short to medium term. Eventually, these PSU stocks will move up in tandem with their earnings performance and have the potential to give above-average returns in the long term.

Money-Wise: When PSU stocks turn bearish, should investors hold or sell? Experts weigh in

<p>The Indian stock market suffered a setback in the past few days after Adani Group again came under the spotlight because of another sensational investigative report by Hindenburg Research, which even dragged the Securities and Exchange Board of India (SEBI) - the country's capital markets regulator in the muddle.</p>

<p>In its report, US-based short-seller Hindenburg Research accused SEBI chief Madhabi Puri Buch and her husband Dhaval Buch of holding stakes in offshore funds which were used by the Adani group.&nbsp;</p>

<p>Buch said that the allegations made in the report were baseless and SEBI issued a statement confirming the investigation into the Hindenburg Research's accusations against Adani Group.</p>

<p>However, despite all statements and rebuttal&nbsp;of the allegations, the stock market plummeted and the Adani Group shares fell by 7 per cent on August 12 morning, making only marginal&nbsp;recovery by the end of the day.</p>

<p><strong>Also Read:</strong>&nbsp;<a href="https://www.wionews.com/business-economy/money-wise-has-the-global-stock-markets-crashed-heres-what-you-must-do-to-survive-it-748655">Money-Wise: Have the global stock markets crashed? Here's what you must do</a></p>

<p>As the market rattled, the jittery investors lost nearly Rs 530 billion (approx. $6.31 billion) and the 10 Adani stocks in total lost Rs 16.7 trillion (approx. $198.89 billion).</p>

<p>By the end of the trading day, Adani companies had lost a&nbsp;market value of $2.43 billion.&nbsp;</p>

<p><strong>Watch:&nbsp;Hindenburg vs Adani: Investors look past Hindeburg's allegations</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/hindenburg-vs-adani-investors-look-past-hindeburgs-allegations-750585/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>In such a scenario where panic-selling becomes the obvious step for investors, can the regulatory body do something to secure investors?</p>

<h2><strong>Here's a toolkit to protect investors from such&nbsp;shake-up in markets</strong></h2>

<p>To safeguard small investors from future crises similar to the Hindenburg-Adani episode, economist and author Professor Vikas Singh has given WION a toolkit that if implemented can save people from incurring major losses.</p>

<p>Here are its key components:</p>

<ul>
	<li>Early Warning Systems: Proactive monitoring of market anomalies and financial irregularities to identify potential red flags.</li>
	<li>Enhanced Disclosure Requirements: Mandating more detailed and transparent financial reporting by listed companies.</li>
	<li>Independent Audit Scrutiny: Strengthening the role of auditors and imposing stricter penalties for misconduct.</li>
	<li>Investor Education and Awareness: Empowering investors with financial literacy to make informed decisions.</li>
	<li>Investor Compensation Funds: Establishing a mechanism to compensate investors in cases of fraud or market manipulation.</li>
	<li>Strengthened Regulatory Powers: Granting regulatory bodies wider authority to investigate and penalise market misconduct.</li>
	<li>Crisis Management Protocols: Developing clear guidelines for handling market crises to minimise investor panic.</li>
</ul>


The Indian stock market suffered a setback in the past few days after Adani Group again came under the spotlight because of another sensational investigative report by Hindenburg Research, which even dragged the Securities and Exchange Board of India (SEBI) - the country's capital markets regulator in the muddle.

The Indian stock market suffered a setback in the past few days after Adani Group again came under the spotlight because of another sensational investigative report by Hindenburg Research, which even dragged the Securities and Exchange Board of India (SEBI) - the country's capital markets regulator in the muddle. In its report, US-based short-seller Hindenburg Research accused SEBI chief Madhabi Puri Buch and her husband Dhaval Buch of holding stakes in offshore funds which were used by the Adani group. Buch said that the allegations made in the report were baseless and SEBI issued a statement confirming the investigation into the Hindenburg Research's accusations against Adani Group. However, despite all statements and rebuttal of the allegations, the stock market plummeted and the Adani Group shares fell by 7 per cent on August 12 morning, making only marginal recovery by the end of the day. Also Read: Money-Wise: Have the global stock markets crashed? Here's what you must do As the market rattled, the jittery investors lost nearly Rs 530 billion (approx. $6.31 billion) and the 10 Adani stocks in total lost Rs 16.7 trillion (approx. $198.89 billion). By the end of the trading day, Adani companies had lost a market value of $2.43 billion. Watch: Hindenburg vs Adani: Investors look past Hindeburg's allegations In such a scenario where panic-selling becomes the obvious step for investors, can the regulatory body do something to secure investors? Here's a toolkit to protect investors from such shake-up in markets To safeguard small investors from future crises similar to the Hindenburg-Adani episode, economist and author Professor Vikas Singh has given WION a toolkit that if implemented can save people from incurring major losses. Here are its key components: Early Warning Systems: Proactive monitoring of market anomalies and financial irregularities to identify potential red flags. Enhanced Disclosure Requirements: Mandating more detailed and transparent financial reporting by listed companies. Independent Audit Scrutiny: Strengthening the role of auditors and imposing stricter penalties for misconduct. Investor Education and Awareness: Empowering investors with financial literacy to make informed decisions. Investor Compensation Funds: Establishing a mechanism to compensate investors in cases of fraud or market manipulation. Strengthened Regulatory Powers: Granting regulatory bodies wider authority to investigate and penalise market misconduct. Crisis Management Protocols: Developing clear guidelines for handling market crises to minimise investor panic.

Money-Wise: How can Indian market investors be saved from sudden crises like Hindenburg-Adani case?

<p>In the last few days, the global markets witnessed a significant crash as crypto prices fell and fear of a US recession loomed. The US and Europe markets were jolted by Japan's Nikkei 225 index fall which at one point was 13.4 per cent.</p>

<p>When such volatility hits the stock market, it generally leads to panic selling - a move which has been highly discredited by all financial experts.</p>

<p>Experts have debated over whether to go for panic selling or do nothing when the stock market nosedives, but ace investor Warren Buffett has another formula to navigate through the dwindling stocks which is 'aggressive' buying.&nbsp;</p>

<p>Even though panic selling is a big 'NO' for investors when stocks are crashing and their portfolios are dropping drastically, there are ways in which you can survive the bloodbath at the stock market.&nbsp;</p>

<h2><strong>Best ways to save your investment portfolios from downturn</strong></h2>

<h3><strong>1) Diversify your portfolio</strong></h3>

<p>Diversifying the portfolio by investing in funds&nbsp;and&nbsp;investment trusts of share-based assets is a safe option to keep yourself floated in tough times.&nbsp;</p>

<p>Such portfolios have a lower risk of facing a decline in comparison to the investments made in companies. The portfolios can have funds from different industries or geographic sectors which contain the impact of volatility.&nbsp;</p>

<p><strong>Also Read:</strong>&nbsp;<a href="https://www.wionews.com/business-economy/money-wise-ola-electric-rides-ipo-market-heres-everything-you-need-to-know-before-investing-746495">Money-Wise: Ola Electric rides IPO market. Here's everything you need to know before investing</a></p>

<p>"One should look to Invest in funds which have a domestic theme like manufacturing as it will not have the risk of a global slowdown," said Siddharth Karnawat, co-founder of Blue Sky Capital while speaking to WION.</p>

<h3><strong>2) Invest in different assets</strong></h3>

<p>When the stock market is in a slump, the portfolio can also be protected with the diversification of investments into non-equity-based assets like property, commodities and bonds.</p>

<p>It is advisable to select assets which have no co-relations as the prices in every sector do not rise and fall at the same time.&nbsp;</p>

<p>Investment in diverse assets like - government bonds, corporate bond funds, gold bullion, precious metal mutual funds, real estate investment trusts (REITs) and exchange-traded funds (ETFs) should lessen the impact of the stock market downturn.&nbsp;</p>

<h3><strong>3) Understanding the right time to invest</strong></h3>

<p>When the stock market crashes, it becomes difficult for investors to understand when they should buy low/sell high stocks.&nbsp;</p>

<p>A simpler option, which will have less impact of a market slump, is to invest monthly and not in lump-sum which helps investors benefit from ‘pound cost averaging’.&nbsp;</p>

<p>In this case, the investors purchase more units or shares of the same amount in comparison to what they purchased a month before because of a fall in share prices, and hence, eventually pay the average price of the shares or units.</p>

<p><strong>Watch:&nbsp;World markets quake over risks to US economy</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/world-markets-quake-over-risks-to-us-economy-747497/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Speaking about the correct time to invest in the Indian stock market, Karnawat said, "Whenever nifty PE is below historical Avg of 20 it is good time to Invest and whenever it’s above 24 it is overvalued."&nbsp;</p>

<h3><strong>4)&nbsp; Go for total return funds</strong></h3>

<p>The total return funds, which are also known as balanced or cautious funds, are aimed at ensuring capital growth in rising markets while also protecting the money of the investors when the stock markets crash.</p>


In the last few days, the global markets witnessed a significant crash as crypto prices fell and fear of a US recession loomed. The US and Europe markets were jolted by Japan's Nikkei 225 index fall which at one point was 13.

In the last few days, the global markets witnessed a significant crash as crypto prices fell and fear of a US recession loomed. The US and Europe markets were jolted by Japan's Nikkei 225 index fall which at one point was 13.4 per cent. When such volatility hits the stock market, it generally leads to panic selling - a move which has been highly discredited by all financial experts. Experts have debated over whether to go for panic selling or do nothing when the stock market nosedives, but ace investor Warren Buffett has another formula to navigate through the dwindling stocks which is 'aggressive' buying. Even though panic selling is a big 'NO' for investors when stocks are crashing and their portfolios are dropping drastically, there are ways in which you can survive the bloodbath at the stock market. Best ways to save your investment portfolios from downturn 1) Diversify your portfolio Diversifying the portfolio by investing in funds and investment trusts of share-based assets is a safe option to keep yourself floated in tough times. Such portfolios have a lower risk of facing a decline in comparison to the investments made in companies. The portfolios can have funds from different industries or geographic sectors which contain the impact of volatility. Also Read: Money-Wise: Ola Electric rides IPO market. Here's everything you need to know before investing "One should look to Invest in funds which have a domestic theme like manufacturing as it will not have the risk of a global slowdown," said Siddharth Karnawat, co-founder of Blue Sky Capital while speaking to WION. 2) Invest in different assets When the stock market is in a slump, the portfolio can also be protected with the diversification of investments into non-equity-based assets like property, commodities and bonds. It is advisable to select assets which have no co-relations as the prices in every sector do not rise and fall at the same time. Investment in diverse assets like - government bonds, corporate bond funds, gold bullion, precious metal mutual funds, real estate investment trusts (REITs) and exchange-traded funds (ETFs) should lessen the impact of the stock market downturn. 3) Understanding the right time to invest When the stock market crashes, it becomes difficult for investors to understand when they should buy low/sell high stocks. A simpler option, which will have less impact of a market slump, is to invest monthly and not in lump-sum which helps investors benefit from ‘pound cost averaging’. In this case, the investors purchase more units or shares of the same amount in comparison to what they purchased a month before because of a fall in share prices, and hence, eventually pay the average price of the shares or units. Watch: World markets quake over risks to US economy Speaking about the correct time to invest in the Indian stock market, Karnawat said, "Whenever nifty PE is below historical Avg of 20 it is good time to Invest and whenever it’s above 24 it is overvalued." 4) Go for total return funds The total return funds, which are also known as balanced or cautious funds, are aimed at ensuring capital growth in rising markets while also protecting the money of the investors when the stock markets crash.

Money-Wise: Have the global stock markets crashed? Here's what you must do

<p><strong>Ola Electric IPO:&nbsp;</strong>Ola Electric has gone public. Its IPO is currently the hottest-selling thing in the market after it opened on August 2. With this IPO the company, which has been a loss-making firm since its inception,&nbsp;is trying to raise more than Rs 6000 crore. The bidding will continue for three days and close on August 6 (Tuesday).</p>

<p>The allotment of the IPO shares is likely to happen on August 7 (Wednesday) and the shares should be credited to the demat accounts on August 8 (Thursday). The shares of Ola Electric will be listed on the BSE and NSE on August 9 (Friday).</p>

<p>But amid all the buzz, the investors remain confused if Ola Electric IPO will give them promising returns or not. Let's find out how promising is this IPO and what its future looks like.&nbsp;</p>

<h2><strong>All about Ola Electric</strong></h2>

<p>Ola Electric is an electric vehicle (EV) company that produces EVs and their components. Till March 31, 2024, they were operating as a direct-to-customer distribution network and had 431 service centres and 870 experience centres across India.</p>

<p>In FY24, the company has a 35 per cent share in the electric two-wheeler market. Ola Electric was founded in 2017 and its managing director is Bhavish Aggarwal.&nbsp;</p>

<h2><strong>Ola Electric IPO's objective</strong></h2>

<p>The Ola Electric IPO consists of an offer for sale (OFS) of 8.49 crore equity shares which are valued at Rs 645.56 crore. The price band of the issue has been finalised at Rs 72-76 per share after its founder announced a 25-27 per cent discount on its last-round pricing. The investors are allowed to apply for a minimum of 195 shares and then it's multiple.</p>

<p><strong>Also Read:</strong>&nbsp;<a href="https://www.wionews.com/business-economy/ola-electrics-734-million-ipo-plan-marks-the-biggest-indian-ipo-this-year-745297">Ola Electric's $734 million IPO plan marks the biggest Indian IPO this year</a></p>

<p>Explaining this strategic move of discounting the IPO price to WION, SVP - Retail Research Religare Broking Ltd Senior Vice President&nbsp;Dr Ravi Singh said, "Ola Electric has reduced the valuation of the issue to make the offer more attractive to investors. This strategic move will help generate higher demand for the shares and ensure the success of the IPO. Lowering the valuation in itself indicates that the company is very aware of the market conditions and the investor sentiments, thereby leaving room for future stock price appreciation."</p>

<p>Through this IPO, Ola Electric is trying to first repay its debt, organise funding for organic growth initiatives, expand its gigafactory and push all research and product development work.&nbsp;</p>

<h2><strong>Ola Electric IPO's GMP hints upside soar in prices</strong></h2>

<p>Ola Electric Mobility IPO's grey market premium (GMP) on the last day before it opened for subscription was +16. This uptick in the grey market indicated that there is an increasing demand for the IPO and it can be listed at Rs 92 per share which is 21.05 per cent higher than the offer price of Rs 76.</p>

<p>As the IPO geared for its launch, the GMP for the shares of&nbsp;Ola Electric traded at Rs 15 on August 2 (Friday), which hinted at a potential return of 20 per cent if the uptick in trends remains.</p>

<h2><strong>Loans, lawsuit, suspension of electric car: Turbulent financial past of Ola Electric</strong></h2>

<p>The company does appear promising in the field of EVs, but the ride has not been smooth till now.&nbsp;</p>

<p>The revenue of the company in the fiscal year 2023-24 increased to Rs 5009.83 crore, which was almost double the revenue generated in the last financial year.&nbsp;</p>

<p>However, the company's loss amounted to Rs 1584.44 crore in FY24 from Rs 1472.07 crore in FY23 and Rs 784 crore in FY22.&nbsp;</p>

<p>The company's material subsidiary - Ola Electric Technologies Private Limited - got working capital loans from banks and financial institutions worth Rs 746 crore till June 30, 2023. Till June 15, 2024, the total debt of the company is Rs 2,675.18 crore. If the company fails to repay these loans, it can directly impact its operations.</p>

<p>The electric car launch plans of Ola Electric were recently suspended and the Softbank-backed company decided to only focus on its e-scooter business. In 2022, the company announced its ambitious plan of launching an all-glass roof electric sports car in two years with the capacity to reach 100 km per hour within four seconds.</p>

<p>The company found itself in troubled waters when a lawsuit was filed by MapMyIndia, which was the company's service provider earlier, accusing the latter of copying their proprietary data.</p>

<p><strong>Watch:&nbsp;Ola Electric denies MapMyIndia’s data theft allegations over Ola Maps</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/ola-electric-denies-mapmyindias-data-theft-allegations-over-ola-maps-745746/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>The EV market has till now not gained stability and is still fledgling amid a lack of charging infrastructure, a dearth of alternatives to lithium batteries, high maintenance costs and car buyers still remaining sceptical about purchasing EVs.&nbsp;</p>

<h2><strong>Is Ola Electric IPO right for you? Here's how to choose the right investment</strong></h2>

<p>If you are planning to purchase Ola Electric IPO or any other IPO, here are some tips by SVP - Retail Research Religare Broking Ltd Vice President Dr Ravi Singh to make the correct choice.&nbsp;</p>

<p>1. Opportunity Size and Market Potential: One should analyse the market size of the industry and the growth prospects. Large and growing markets can provide better opportunities for companies to flourish.</p>

<p>2. Growth Potential: An investor should evaluate the historical growth rates of the company and future estimates in terms of revenue growth, profitability, and market share. Companies with strong growth trajectories tend to be more attractive.</p>

<p>3. Management Competence: The management team must be qualified and experienced. One must look at the track record of the management while leading operations, its vision, and strategic plans.</p>

<p>4. Analysis of Competition: Competitive positioning is essential to be measured. Understand the company's stand in regard to competition through factors such as market share, product differentiation, etc.</p>


Ola Electric IPO: Ola Electric has gone public. Its IPO is currently the hottest-selling thing in the market after it opened on August 2. With this IPO the company, which has been a loss-making firm since its inception, is trying to raise more than Rs 6000 crore.

Ola Electric IPO: Ola Electric has gone public. Its IPO is currently the hottest-selling thing in the market after it opened on August 2. With this IPO the company, which has been a loss-making firm since its inception, is trying to raise more than Rs 6000 crore. The bidding will continue for three days and close on August 6 (Tuesday). The allotment of the IPO shares is likely to happen on August 7 (Wednesday) and the shares should be credited to the demat accounts on August 8 (Thursday). The shares of Ola Electric will be listed on the BSE and NSE on August 9 (Friday). But amid all the buzz, the investors remain confused if Ola Electric IPO will give them promising returns or not. Let's find out how promising is this IPO and what its future looks like. All about Ola Electric Ola Electric is an electric vehicle (EV) company that produces EVs and their components. Till March 31, 2024, they were operating as a direct-to-customer distribution network and had 431 service centres and 870 experience centres across India. In FY24, the company has a 35 per cent share in the electric two-wheeler market. Ola Electric was founded in 2017 and its managing director is Bhavish Aggarwal. Ola Electric IPO's objective The Ola Electric IPO consists of an offer for sale (OFS) of 8.49 crore equity shares which are valued at Rs 645.56 crore. The price band of the issue has been finalised at Rs 72-76 per share after its founder announced a 25-27 per cent discount on its last-round pricing. The investors are allowed to apply for a minimum of 195 shares and then it's multiple. Also Read: Ola Electric's $734 million IPO plan marks the biggest Indian IPO this year Explaining this strategic move of discounting the IPO price to WION, SVP - Retail Research Religare Broking Ltd Senior Vice President Dr Ravi Singh said, "Ola Electric has reduced the valuation of the issue to make the offer more attractive to investors. This strategic move will help generate higher demand for the shares and ensure the success of the IPO. Lowering the valuation in itself indicates that the company is very aware of the market conditions and the investor sentiments, thereby leaving room for future stock price appreciation." Through this IPO, Ola Electric is trying to first repay its debt, organise funding for organic growth initiatives, expand its gigafactory and push all research and product development work. Ola Electric IPO's GMP hints upside soar in prices Ola Electric Mobility IPO's grey market premium (GMP) on the last day before it opened for subscription was +16. This uptick in the grey market indicated that there is an increasing demand for the IPO and it can be listed at Rs 92 per share which is 21.05 per cent higher than the offer price of Rs 76. As the IPO geared for its launch, the GMP for the shares of Ola Electric traded at Rs 15 on August 2 (Friday), which hinted at a potential return of 20 per cent if the uptick in trends remains. Loans, lawsuit, suspension of electric car: Turbulent financial past of Ola Electric The company does appear promising in the field of EVs, but the ride has not been smooth till now. The revenue of the company in the fiscal year 2023-24 increased to Rs 5009.83 crore, which was almost double the revenue generated in the last financial year. However, the company's loss amounted to Rs 1584.44 crore in FY24 from Rs 1472.07 crore in FY23 and Rs 784 crore in FY22. The company's material subsidiary - Ola Electric Technologies Private Limited - got working capital loans from banks and financial institutions worth Rs 746 crore till June 30, 2023. Till June 15, 2024, the total debt of the company is Rs 2,675.18 crore. If the company fails to repay these loans, it can directly impact its operations. The electric car launch plans of Ola Electric were recently suspended and the Softbank-backed company decided to only focus on its e-scooter business. In 2022, the company announced its ambitious plan of launching an all-glass roof electric sports car in two years with the capacity to reach 100 km per hour within four seconds. The company found itself in troubled waters when a lawsuit was filed by MapMyIndia, which was the company's service provider earlier, accusing the latter of copying their proprietary data. Watch: Ola Electric denies MapMyIndia’s data theft allegations over Ola Maps The EV market has till now not gained stability and is still fledgling amid a lack of charging infrastructure, a dearth of alternatives to lithium batteries, high maintenance costs and car buyers still remaining sceptical about purchasing EVs. Is Ola Electric IPO right for you? Here's how to choose the right investment If you are planning to purchase Ola Electric IPO or any other IPO, here are some tips by SVP - Retail Research Religare Broking Ltd Vice President Dr Ravi Singh to make the correct choice. 1. Opportunity Size and Market Potential: One should analyse the market size of the industry and the growth prospects. Large and growing markets can provide better opportunities for companies to flourish. 2. Growth Potential: An investor should evaluate the historical growth rates of the company and future estimates in terms of revenue growth, profitability, and market share. Companies with strong growth trajectories tend to be more attractive. 3. Management Competence: The management team must be qualified and experienced. One must look at the track record of the management while leading operations, its vision, and strategic plans. 4. Analysis of Competition: Competitive positioning is essential to be measured. Understand the company's stand in regard to competition through factors such as market share, product differentiation, etc.

Money-Wise: Ola Electric rides IPO market. Here's everything you need to know before investing

<p>For India's middle class, buying real estate properties has been the best investment so far, with 2013 marking 33 per cent YoY growth in the residential places sold and purchased.&nbsp;</p>

<p>However, the real estate market has been left puzzled by Budget 2024. Purchasing a house is no longer being considered as the best investment by many people, amid revisions in taxes on capital gains and removal of indexation benefits on unlisted capital assets, which includes properties.&nbsp;</p>

<p>Let us first understand what&nbsp;indexation was&nbsp;and how it played a crucial role in the sale of properties.</p>

<h2><strong>How did indexation benefit property owners?</strong></h2>

<p>The house owners till now had the provision of reducing the taxes on the profit incurred from selling a house, depending on how long they had held the property in their possession.</p>

<p>Using the indexation benefit, the house owners reduced the difference between the purchase and sale price with the inflation rate on which the tax was eventually calculated. This process drastically reduced the tax payable on the sale of property.&nbsp;</p>

<p>If the inflation was higher in comparison to the property price, the taxpayers were able to claim capital loss and save taxes on other capital gains made in that financial year.&nbsp;</p>

<p>When house owners were free to use indexation benefits to reduce their taxable profit, the tax on long-term capital gains made from the property's sale stood at 20 per cent.&nbsp;</p>

<p>Now, with the indexation benefit removed, the tax rate has been reduced to 12.5 per cent. However, experts believe that this is likely to give not much relief to house owners who are likely to pay more tax due to no indexation.</p>

<p>It should be noted that the indexation benefit will not be given to the properties purchased in or after 2001.</p>

<p><strong>Also Read:</strong>&nbsp;<a href="https://www.wionews.com/business-economy/money-wise-heres-how-tds-changes-in-indian-budget-2024-will-impact-your-salary-mutual-fund-investments-743799">Money-Wise: Here’s how TDS changes in Indian Budget 2024 will impact your salary, mutual fund investments</a></p>

<h2><strong>How will the removal of indexation impact the real estate industry?</strong></h2>

<p>According to analysts, this unexpected deletion of indexation benefits in the real estate business can lead to a higher frequency of secondary market real estate as house owners may turn reluctant towards holding onto their assets after three to five years.&nbsp;</p>

<p>Speaking to WION, Goel Ganga Developments Director, Gunjan Goel said, "Without indexing, a long-term property holder is likely to face a considerably higher capital gain tax, which can deter buy-and-hold strategies that have long been a staple of real estate investment. This will, in great measure, raise house turnovers as investors attempt to circumvent the tax liability by as much as they can."</p>

<p>"For detailed attention toward house prices, a short-term jump could be seen where sellers try to push their increased tax burden forward onto the pocketbooks of buyers. However, this upturn might soon fizzle out while the market adjusts to its new set of circumstances," she added.</p>

<p>Explaining how the changes can bring volatility in the real estate market, Motia Group Director LC Mittal said, "The removal of indexation benefits from real estate will have a knock-on effect throughout an industry in which investment patterns may be altered and market behaviour changed. This may dampen long-term property holdings, as the tax advantages of those strategies are removed. We might increase short-term flipping activities or turn our attention to those areas with large potential for rapid appreciation."</p>

<p><strong>Watch:&nbsp;Budget 2024 highlights: Focus on taxes, jobs and consumer products</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/budget-2024-highlights-focus-on-taxes-jobs-and-consumer-products-743421/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>"An immediate reaction to the house prices could be that people looking to sell will inflate prices in order to recapture or bridge their losses through the increased tax liability. However, over time, these effects get neutralized by the forces of the market. The big picture would be that due to such taxation, properties could witness some recalibration in valuations as investors revisit expectations and strategy. This may lead to more volatile price movements in the short run but potentially a more efficient and responsive market in the long run," he added.&nbsp;</p>

<p>It should be noted that this can also encourage cash transactions in the sale and purchase of property. The house owners are now left with the only option of buying a property of the same or more price than the price of the house sold to save themselves from paying any LTCG tax.</p>

<p>"Simply put, in case of property sale, indexation&nbsp;helps in adjusting its purchase price according to the prevailing inflation rate. High-value properties will be most impacted and we may see a reduction in demand for them. Potential buyers might hesitate due to the increased uncertainty about future price trends and this might cause sellers of high-value properties to adjust their pricing strategies," said Ashok Singh Jaunapuria, MD and CEO of SS Group while speaking to WION.</p>

<p>Explaining the impact of the removal of indexation on the house owners, a chartered account shared an interesting anecdote on X.&nbsp;</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Today, an elderly person approached me for an IT filing.<br />
<br />
- Purchased a property in 2015 for ₹30,00,000<br />
- Sold in 2023 for ₹53,40,000<br />
<br />
Taxation for AY 2024-25:<br />
- Indexed Cost of Acquisition: ₹41,10,236<br />
- Capital Gain: ₹53,40,000 - ₹41,10,236 = ₹12,29,763<br />
- Tax on Capital…</p>
— CA Nagachandra Somu (@snagachandra) <a href="https://twitter.com/snagachandra/status/1816194052074922195?ref_src=twsrc%5Etfw">July 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<h2><strong>Here's how experts suggest you can your taxes even without indexation</strong></h2>

<h3><strong>Gunjan Goel, Director at Goel Ganga Developments</strong></h3>

<ul>
	<li>
	<p>House owners can go for value-enhancing renovations, and it should warrant a higher selling price to recoup part, if not the whole, of the increased tax liability.&nbsp;</p>
	</li>
	<li>
	<p>Timing of sale is important too—sell strategically before new rules apply, when possible, to preserve existing tax advantages.&nbsp;</p>
	</li>
	<li>If the individual has flexibility, contemplate selling fractions of the property in phases over several tax years to spread the tax burden.&nbsp;<br />
	&nbsp;</li>
	<li>This overall tax liability may further be reduced by property exchanges or reinvestment in certain tax-saving instruments.&nbsp;</li>
</ul>

<h3><strong>LC Mittal, Director, Motia Group</strong></h3>

<ul>
	<li>One key strategy would be to properly record every expenditure on the property, right from purchase costs to renovation expenses and even maintenance fees—all those which will help reduce the taxable capital gain.&nbsp;<br />
	&nbsp;</li>
	<li>Another approach is to see if it can be structured into a joint development agreement with any developer, which again could be more efficient in tax treatment.&nbsp;<br />
	&nbsp;</li>
	<li>People could also resort to home equity loans to extract funds to invest in tax-saving instruments so that the additional taxes paid after sales by the property owner are compensated.&nbsp;<br />
	&nbsp;</li>
	<li>Strategic decisions as to which property to sell first may help manage the overall tax impact if one owns multiple properties.&nbsp;<br />
	&nbsp;</li>
	<li>Furthermore, exploring fractional property sales opportunities or alternative investment vehicles, such as real estate investment trusts, could yield fresh ways to monetize property while creating more beneficial tax treatments.&nbsp;</li>
</ul>

<h3>Ashok Singh Jaunapuria MD and CEO of SS Group</h3>

<ul>
	<li>Homeowners should concentrate on setting competitive prices and using digital channels for increased exposure and cost-effectiveness to optimise savings.&nbsp;<br />
	&nbsp;</li>
	<li>Additionally, consulting with financial advisors to explore tax-efficient investment opportunities post-sale can further enhance financial outcomes in this evolving tax landscape.&nbsp;</li>
</ul>


For India's middle class, buying real estate properties has been the best investment so far, with 2013 marking 33 per cent YoY growth in the residential places sold and purchased.

For India's middle class, buying real estate properties has been the best investment so far, with 2013 marking 33 per cent YoY growth in the residential places sold and purchased. However, the real estate market has been left puzzled by Budget 2024. Purchasing a house is no longer being considered as the best investment by many people, amid revisions in taxes on capital gains and removal of indexation benefits on unlisted capital assets, which includes properties. Let us first understand what indexation was and how it played a crucial role in the sale of properties. How did indexation benefit property owners? The house owners till now had the provision of reducing the taxes on the profit incurred from selling a house, depending on how long they had held the property in their possession. Using the indexation benefit, the house owners reduced the difference between the purchase and sale price with the inflation rate on which the tax was eventually calculated. This process drastically reduced the tax payable on the sale of property. If the inflation was higher in comparison to the property price, the taxpayers were able to claim capital loss and save taxes on other capital gains made in that financial year. When house owners were free to use indexation benefits to reduce their taxable profit, the tax on long-term capital gains made from the property's sale stood at 20 per cent. Now, with the indexation benefit removed, the tax rate has been reduced to 12.5 per cent. However, experts believe that this is likely to give not much relief to house owners who are likely to pay more tax due to no indexation. It should be noted that the indexation benefit will not be given to the properties purchased in or after 2001. Also Read: Money-Wise: Here’s how TDS changes in Indian Budget 2024 will impact your salary, mutual fund investments How will the removal of indexation impact the real estate industry? According to analysts, this unexpected deletion of indexation benefits in the real estate business can lead to a higher frequency of secondary market real estate as house owners may turn reluctant towards holding onto their assets after three to five years. Speaking to WION, Goel Ganga Developments Director, Gunjan Goel said, "Without indexing, a long-term property holder is likely to face a considerably higher capital gain tax, which can deter buy-and-hold strategies that have long been a staple of real estate investment. This will, in great measure, raise house turnovers as investors attempt to circumvent the tax liability by as much as they can." "For detailed attention toward house prices, a short-term jump could be seen where sellers try to push their increased tax burden forward onto the pocketbooks of buyers. However, this upturn might soon fizzle out while the market adjusts to its new set of circumstances," she added. Explaining how the changes can bring volatility in the real estate market, Motia Group Director LC Mittal said, "The removal of indexation benefits from real estate will have a knock-on effect throughout an industry in which investment patterns may be altered and market behaviour changed. This may dampen long-term property holdings, as the tax advantages of those strategies are removed. We might increase short-term flipping activities or turn our attention to those areas with large potential for rapid appreciation." Watch: Budget 2024 highlights: Focus on taxes, jobs and consumer products "An immediate reaction to the house prices could be that people looking to sell will inflate prices in order to recapture or bridge their losses through the increased tax liability. However, over time, these effects get neutralized by the forces of the market. The big picture would be that due to such taxation, properties could witness some recalibration in valuations as investors revisit expectations and strategy. This may lead to more volatile price movements in the short run but potentially a more efficient and responsive market in the long run," he added. It should be noted that this can also encourage cash transactions in the sale and purchase of property. The house owners are now left with the only option of buying a property of the same or more price than the price of the house sold to save themselves from paying any LTCG tax. "Simply put, in case of property sale, indexation helps in adjusting its purchase price according to the prevailing inflation rate. High-value properties will be most impacted and we may see a reduction in demand for them. Potential buyers might hesitate due to the increased uncertainty about future price trends and this might cause sellers of high-value properties to adjust their pricing strategies," said Ashok Singh Jaunapuria, MD and CEO of SS Group while speaking to WION. Explaining the impact of the removal of indexation on the house owners, a chartered account shared an interesting anecdote on X. Today, an elderly person approached me for an IT filing. - Purchased a property in 2015 for ₹30,00,000 - Sold in 2023 for ₹53,40,000 Taxation for AY 2024-25: - Indexed Cost of Acquisition: ₹41,10,236 - Capital Gain: ₹53,40,000 - ₹41,10,236 = ₹12,29,763 - Tax on Capital… — CA Nagachandra Somu (@snagachandra) July 24, 2024 × Here's how experts suggest you can your taxes even without indexation Gunjan Goel, Director at Goel Ganga Developments House owners can go for value-enhancing renovations, and it should warrant a higher selling price to recoup part, if not the whole, of the increased tax liability. Timing of sale is important too—sell strategically before new rules apply, when possible, to preserve existing tax advantages. If the individual has flexibility, contemplate selling fractions of the property in phases over several tax years to spread the tax burden. This overall tax liability may further be reduced by property exchanges or reinvestment in certain tax-saving instruments. LC Mittal, Director, Motia Group One key strategy would be to properly record every expenditure on the property, right from purchase costs to renovation expenses and even maintenance fees—all those which will help reduce the taxable capital gain. Another approach is to see if it can be structured into a joint development agreement with any developer, which again could be more efficient in tax treatment. People could also resort to home equity loans to extract funds to invest in tax-saving instruments so that the additional taxes paid after sales by the property owner are compensated. Strategic decisions as to which property to sell first may help manage the overall tax impact if one owns multiple properties. Furthermore, exploring fractional property sales opportunities or alternative investment vehicles, such as real estate investment trusts, could yield fresh ways to monetize property while creating more beneficial tax treatments. Ashok Singh Jaunapuria MD and CEO of SS Group Homeowners should concentrate on setting competitive prices and using digital channels for increased exposure and cost-effectiveness to optimise savings. Additionally, consulting with financial advisors to explore tax-efficient investment opportunities post-sale can further enhance financial outcomes in this evolving tax landscape.

Money-Wise: With 'indexation' gone in real estate, is property still best investment for Indians?

<p><meta name="uuid" content="uuidMMFZf3lM4sLe" /></p>

<p>On the morning of July 23, 2024, India's Finance Minister Nirmala Sitharaman, clad in a white saree with red border (which somehow always manages to make it to the headlines), held the red-coloured <em>bahi-khata</em> - which has become an emblem of tradition in the modern-day Indian Parliament - and posed for the crowd of reporters as millions of&nbsp;people belonging to the country's&nbsp;middle-class watched with hope what she will bring to the table in her seventh consecutive budget.</p>

<p>But soon those eyes full&nbsp;of hope appeared to have turned into the gaze of dismay as the finance minister announced the revision in the tax rates, controversial removal of indexation, tax on buyback of shares and efforts to make investment instruments like EPF and NPS attractive.</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">All eyes of the middle class on the <a href="https://twitter.com/hashtag/UnionBudget?src=hash&amp;ref_src=twsrc%5Etfw">#UnionBudget</a> <a href="https://t.co/j5VuwYJONL">pic.twitter.com/j5VuwYJONL</a></p>
— Raghuveer (@Straying_mind) <a href="https://twitter.com/Straying_mind/status/1815592159460102243?ref_src=twsrc%5Etfw">July 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>The verdict on Budget was out in the open&nbsp;within minutes when the S&amp;P BSE Sensex crashed by 1,178 points, dropping below 80,000 and the day eventually ended in&nbsp;red. Post-budget, Minister Sitharaman said, "I want to give relief to the middle class".</p>

<p>But did the middle class really get any relief? Today, we are here trying to understand what actually came to their coffers and what all left.</p>

<h2><strong>Income tax revised, capital gains penalised</strong></h2>

<p>For the middle class, the biggest announcement in the budget is the revision of the income tax. This time, there was no relief in the old tax regime but some changes were made in the new tax regime. Let's understand how much we are&nbsp;saving with these changes.</p>

<p><img alt="tax slab" data-entity-type="file" data-entity-uuid="53942d61-f363-4b51-a792-140de83de7f7" src="//cdn.wionews.com/sites/default/files/inline-images/tax%20slab.png" /></p>

<p>If we try to compare the two tax regimes, the minimum deductions needed to save the same tax in the same bracket are as follows.</p>

<table border="1" cellpadding="1" cellspacing="1" style="width: 500px;">
	<tbody>
		<tr>
			<td>Gross Income Level (In Rs)</td>
			<td>Minimum deductions in old tax regime</td>
			<td>Tax payable in old regime</td>
			<td>Tax payable in new regime</td>
		</tr>
		<tr>
			<td>At 7.7 lakhs</td>
			<td>3,25,000</td>
			<td>-</td>
			<td>-</td>
		</tr>
		<tr>
			<td>At 10 lakhs</td>
			<td>3,50,000</td>
			<td>44,200</td>
			<td>44,200</td>
		</tr>
		<tr>
			<td>At 12.5 lakhs</td>
			<td>4,31,250</td>
			<td>79,300</td>
			<td>79,300</td>
		</tr>
		<tr>
			<td>At 15.75 lakhs</td>
			<td>4,83,333</td>
			<td>1,45,600</td>
			<td>1,45,600</td>
		</tr>
		<tr>
			<td>At 20 lakhs</td>
			<td>4,83,333</td>
			<td>2,78,200</td>
			<td>2,78,200</td>
		</tr>
	</tbody>
</table>

<p><strong><em>Source: EY India</em></strong></p>

<p>Before the changes were introduced in the new tax regime, a person with an income of Rs 20 lakh needed to claim a minimum deduction of Rs 4.25 lakh in the old tax regime to reach the position of tax return. Now, the minimum deduction limit stands at Rs 4,83,333, which is a surge of Rs 58,333.</p>

<p><strong>Also Read:&nbsp;</strong><a href="https://www.wionews.com/business-economy/money-wise-indexation-gone-in-real-estate-is-property-still-best-investment-for-indians-744486">Money-Wise: 'Indexation' gone in real estate, is property still best investment for Indians?</a></p>

<p>Now, let's talk about the reliefs in the new tax regime.</p>

<p>a) Standard deduction has been increased to Rs 75,000 from Rs 50,000 = Rs 25,000 saved</p>

<p>b) Standard deduction for family pensioners increased to Rs 25,000 from Rs 15,000 = Rs 10,000 saved</p>

<p>c) The minimum bracket of the tax slab was revised from Rs 2,50,000 to Rs 3,00,000 = Rs 50,000 saved</p>

<p>However, these changes are introduced in the new regime where no investments made in traditional investment instruments that fall under 80C or 80D are considered. The old tax regime remained unchanged or rather ignored which forced people to think if it would be phased out in future.</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Your ancestors paid no tax on LTCG.<br />
You will pay 12.5% tax on LTCG.<br />
<br />
Your ancestors paid no tax on the dividends.<br />
You will pay tax on the dividends as per your income slab.<br />
<br />
Your ancestors paid no STT.<br />
You will pay higher STT.<br />
<br />
Your ancestors got the indexation benefits.<br />
You will… <a href="https://t.co/XdHa6YeRbr">pic.twitter.com/XdHa6YeRbr</a></p>
— Value | Compounding (@oldschoolinvest) <a href="https://twitter.com/oldschoolinvest/status/1815672329092972581?ref_src=twsrc%5Etfw">July 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>Founder and&nbsp;Managing Director of Vibhavangal Anukulakara Private, Siddharth Maurya, explaining the nature of the new tax regime told WION, "Actual taxpayers along with high expenditures on instruments such as PF, home loans, and insurance policies are likely to be better off in the old regime even with higher brackets of taxation because of the plethora of deductions out there."&nbsp;</p>

<p>Apart from the income tax, interest on capital gains was also increased which meant more expenditure for the middle class.</p>

<p>The LTCG (Long Term Capital Gains Tax) was increased from 10 per cent to 12.5 per cent and STCG (Short-term Capital Gains Tax) was revised from 15 per cent to 20 per cent.</p>

<p>The middle class was given relief when the limit of exemption of capital gains on some financial assets was increased from Rs 1,00,000&nbsp;to Rs 1,25,000&nbsp;per year. However, the investors still need to pay a good amount of tax on their investments in mutual funds and shares.</p>

<p><strong>Watch:&nbsp;Budget 2024: What the budget means for the middle class?</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/budget-2024-what-the-budget-means-for-the-middle-class-743669/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>The last and most debated change was the removal of indexation benefits which took away the inflation rate revision on the prices of the properties and left the house owners in doldrums. In this case, the slight relief to the house owners was a decrease in the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent.</p>

<p>These changes in the tax rates sparked&nbsp;a plethora of memes, one of which gave a stark calculation of how the upper-middle-class&nbsp;people are losing all that they are gaining in this budget.</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Received this forward.<br />
<br />
A perfect flowchart depicting how the earning class is being burdened with taxes <a href="https://t.co/pXaaLT1s0o">pic.twitter.com/pXaaLT1s0o</a></p>
— Saketh R (@saketh1998) <a href="https://twitter.com/saketh1998/status/1815781380002881860?ref_src=twsrc%5Etfw">July 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<h2><strong>Old vs new tax regime</strong></h2>

<p>So, who should opt for the old tax regime and who should choose the new tax regime? Here's what our expert Siddharth Maurya, Founder &amp; Managing Director of Vibhavangal Anukulakara Private Limited said</p>

<p><meta name="uuid" content="uuidMMFZf3lM4sLe" /></p>

<h3><strong>Old Tax Regime: </strong></h3>

<p>Best For: People, who employ more deductions and exemptions like HRA, 80C (contribution to PF, PPF, life insurance, etc.), 80D (medical insurance), and home loan interest.</p>

<p>Benefits: It can create a major opportunity for those people who organise their financial conditions properly and have a lot of opportunities to receive deductions.</p>

<p>Drawback: Yes, it takes more space for planning taxes and documenting.</p>

<p><meta name="uuid" content="uuidMMFZf3lM4sLe" /></p>

<h3><strong>New Tax Regime: </strong></h3>

<p>Best For: Those people who are paid a fixed amount and do not have a large number of stocks or any other sort of investment, or those people who want to spend less time preparing their taxes.</p>

<p>Benefits: Lower tax being payable on a larger number of assessments without the need of having to invest in tax-saving instruments. Easy tax returns because of the lower number of people seeking deductions and exemptions.</p>

<p>Drawback: Absence of the motive to save and invest as was the case before the change in the system.</p>


On the morning of July 23, 2024, India's Finance Minister Nirmala Sitharaman, clad in a white saree with red border (which somehow always manages to make it to the headlines), held the red-coloured bahi-khata - which has become an emblem of tradition in the modern-day Indian Parliament - and posed for the crowd of reporters as millions of people belonging to the country's middle-class watched with hope what she will bring to the table in her seventh consecutive budget.

On the morning of July 23, 2024, India's Finance Minister Nirmala Sitharaman, clad in a white saree with red border (which somehow always manages to make it to the headlines), held the red-coloured bahi-khata - which has become an emblem of tradition in the modern-day Indian Parliament - and posed for the crowd of reporters as millions of people belonging to the country's middle-class watched with hope what she will bring to the table in her seventh consecutive budget. But soon those eyes full of hope appeared to have turned into the gaze of dismay as the finance minister announced the revision in the tax rates, controversial removal of indexation, tax on buyback of shares and efforts to make investment instruments like EPF and NPS attractive. All eyes of the middle class on the #UnionBudget pic.twitter.com/j5VuwYJONL — Raghuveer (@Straying_mind) July 23, 2024 × The verdict on Budget was out in the open within minutes when the S&P BSE Sensex crashed by 1,178 points, dropping below 80,000 and the day eventually ended in red. Post-budget, Minister Sitharaman said, "I want to give relief to the middle class". But did the middle class really get any relief? Today, we are here trying to understand what actually came to their coffers and what all left. Income tax revised, capital gains penalised For the middle class, the biggest announcement in the budget is the revision of the income tax. This time, there was no relief in the old tax regime but some changes were made in the new tax regime. Let's understand how much we are saving with these changes. If we try to compare the two tax regimes, the minimum deductions needed to save the same tax in the same bracket are as follows. Gross Income Level (In Rs) Minimum deductions in old tax regime Tax payable in old regime Tax payable in new regime At 7.7 lakhs 3,25,000 - - At 10 lakhs 3,50,000 44,200 44,200 At 12.5 lakhs 4,31,250 79,300 79,300 At 15.75 lakhs 4,83,333 1,45,600 1,45,600 At 20 lakhs 4,83,333 2,78,200 2,78,200 Source: EY India Before the changes were introduced in the new tax regime, a person with an income of Rs 20 lakh needed to claim a minimum deduction of Rs 4.25 lakh in the old tax regime to reach the position of tax return. Now, the minimum deduction limit stands at Rs 4,83,333, which is a surge of Rs 58,333. Also Read: Money-Wise: 'Indexation' gone in real estate, is property still best investment for Indians? Now, let's talk about the reliefs in the new tax regime. a) Standard deduction has been increased to Rs 75,000 from Rs 50,000 = Rs 25,000 saved b) Standard deduction for family pensioners increased to Rs 25,000 from Rs 15,000 = Rs 10,000 saved c) The minimum bracket of the tax slab was revised from Rs 2,50,000 to Rs 3,00,000 = Rs 50,000 saved However, these changes are introduced in the new regime where no investments made in traditional investment instruments that fall under 80C or 80D are considered. The old tax regime remained unchanged or rather ignored which forced people to think if it would be phased out in future. Your ancestors paid no tax on LTCG. You will pay 12.5% tax on LTCG. Your ancestors paid no tax on the dividends. You will pay tax on the dividends as per your income slab. Your ancestors paid no STT. You will pay higher STT. Your ancestors got the indexation benefits. You will… pic.twitter.com/XdHa6YeRbr — Value | Compounding (@oldschoolinvest) July 23, 2024 × Founder and Managing Director of Vibhavangal Anukulakara Private, Siddharth Maurya, explaining the nature of the new tax regime told WION, "Actual taxpayers along with high expenditures on instruments such as PF, home loans, and insurance policies are likely to be better off in the old regime even with higher brackets of taxation because of the plethora of deductions out there." Apart from the income tax, interest on capital gains was also increased which meant more expenditure for the middle class. The LTCG (Long Term Capital Gains Tax) was increased from 10 per cent to 12.5 per cent and STCG (Short-term Capital Gains Tax) was revised from 15 per cent to 20 per cent. The middle class was given relief when the limit of exemption of capital gains on some financial assets was increased from Rs 1,00,000 to Rs 1,25,000 per year. However, the investors still need to pay a good amount of tax on their investments in mutual funds and shares. Watch: Budget 2024: What the budget means for the middle class? The last and most debated change was the removal of indexation benefits which took away the inflation rate revision on the prices of the properties and left the house owners in doldrums. In this case, the slight relief to the house owners was a decrease in the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent. These changes in the tax rates sparked a plethora of memes, one of which gave a stark calculation of how the upper-middle-class people are losing all that they are gaining in this budget. Received this forward. A perfect flowchart depicting how the earning class is being burdened with taxes pic.twitter.com/pXaaLT1s0o — Saketh R (@saketh1998) July 23, 2024 × Old vs new tax regime So, who should opt for the old tax regime and who should choose the new tax regime? Here's what our expert Siddharth Maurya, Founder & Managing Director of Vibhavangal Anukulakara Private Limited said Old Tax Regime: Best For: People, who employ more deductions and exemptions like HRA, 80C (contribution to PF, PPF, life insurance, etc.), 80D (medical insurance), and home loan interest. Benefits: It can create a major opportunity for those people who organise their financial conditions properly and have a lot of opportunities to receive deductions. Drawback: Yes, it takes more space for planning taxes and documenting. New Tax Regime: Best For: Those people who are paid a fixed amount and do not have a large number of stocks or any other sort of investment, or those people who want to spend less time preparing their taxes. Benefits: Lower tax being payable on a larger number of assessments without the need of having to invest in tax-saving instruments. Easy tax returns because of the lower number of people seeking deductions and exemptions. Drawback: Absence of the motive to save and invest as was the case before the change in the system.

Money-Wise: Decoding what the middle class ACTUALLY gained from India's budget

<p>Are you a salaried professional who is now calculating how much you will benefit from the revisions proposed in the Tax Deducted at Source&nbsp;(TDS) rates in the Budget 2024 by India's Finance Minister Nirmala Sitharaman and wondering if your decision to make investments in&nbsp; mutual funds was right or not?</p>

<p>The TDS changes introduced in Union Budget 2024 are significant and are likely to have an impact on the salaried class. So, let's try to understand what exactly are the changes and will it rattle or secure the working class' personal pockets.</p>

<h2><strong>In Salaries&nbsp;</strong></h2>

<p>The salaried employees have now been empowered to claim credit for Tax Collected at Source (TCS) against the deduction of TDS on their salaries. What does this mean?&nbsp;</p>

<p>TCS, which stands for the tax collected at source, is paid by the buyer to the seller and is then deposited with the tax authorities. This is collected on specific goods/services.</p>

<p><strong>Also Read:&nbsp;</strong><a href="https://www.wionews.com/business-economy/money-wise-planning-to-redeem-your-mutual-fund-units-what-every-indian-investor-should-know-742407">Money-Wise: Planning to redeem your mutual fund units? What every Indian investor should know</a></p>

<p>TDS, which stands for the tax deducted at source, is the tax deducted by those making payments - in this case the employer - in advance for the payments to be made to you. The employer deducts TDS on the basis of the tax slab, the tax-exempted investments made by you and any other income.</p>

<p>Now, all the employees can claim the TCS paid by them to the employers and directly reduce the TDS amount to be deducted by the employer from the salary.&nbsp;</p>

<p>Also, if a refund is due because of the TCS, it will be adjusted against TDS on the income of the individual taxpayer.</p>

<h2><strong>In Mutual Funds</strong></h2>

<p>In the case of the mutual funds, the 20 per cent TDS which was charged on the repurchase of units by UTI (Unit Trusts of India) or mutual funds has been withdrawn.</p>

<p>Before October 1, 2024, 20 per cent TDS was levied on the mutual fund redemptions and this amount was deducted at the source before the rest of the money was transferred to the investor.</p>

<p>After October 1, 2024, the people investing in the mutual funds will not face any such deduction and the entire redemption amount, after deducting the expense ratio, will be credited to them. However, they will be required to pay capital gains tax on the profit made in their income tax return.</p>

<p><strong>Watch:&nbsp;Budget 2024: Post-budget, Rupee crashes to a record low, Indian stocks tank</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/budget-2024-post-budget-rupee-crashes-to-a-record-low-indian-stocks-tank-743438/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>While removing TDS on the repurchase of units, the TDS on long-term capital gains, which is more than Rs. 1.25 lakh, has been increased from 10 per cent to 12.5 per cent.&nbsp;</p>

<p>Also, there has been an increase in the LTCG tax rate for all financial and non-financial assets from 10 per cent to 12.5 per cent. On some specific financial assets, the Higher Short-Term Capital Gains (STCG) tax has been revised from 15 per cent to 20 per cent.</p>

<p>So, it's not all good news for mutual fund investors, who may save some part of their pocket but are likely to lose part of their profits, especially if they have a large profit share.</p>


Are you a salaried professional who is now calculating how much you will benefit from the revisions proposed in the Tax Deducted at Source (TDS) rates in the Budget 2024 by India's Finance Minister Nirmala Sitharaman and wondering if your decision to make investments in mutual funds was right or not?

Are you a salaried professional who is now calculating how much you will benefit from the revisions proposed in the Tax Deducted at Source (TDS) rates in the Budget 2024 by India's Finance Minister Nirmala Sitharaman and wondering if your decision to make investments in mutual funds was right or not? The TDS changes introduced in Union Budget 2024 are significant and are likely to have an impact on the salaried class. So, let's try to understand what exactly are the changes and will it rattle or secure the working class' personal pockets. In Salaries The salaried employees have now been empowered to claim credit for Tax Collected at Source (TCS) against the deduction of TDS on their salaries. What does this mean? TCS, which stands for the tax collected at source, is paid by the buyer to the seller and is then deposited with the tax authorities. This is collected on specific goods/services. Also Read: Money-Wise: Planning to redeem your mutual fund units? What every Indian investor should know TDS, which stands for the tax deducted at source, is the tax deducted by those making payments - in this case the employer - in advance for the payments to be made to you. The employer deducts TDS on the basis of the tax slab, the tax-exempted investments made by you and any other income. Now, all the employees can claim the TCS paid by them to the employers and directly reduce the TDS amount to be deducted by the employer from the salary. Also, if a refund is due because of the TCS, it will be adjusted against TDS on the income of the individual taxpayer. In Mutual Funds In the case of the mutual funds, the 20 per cent TDS which was charged on the repurchase of units by UTI (Unit Trusts of India) or mutual funds has been withdrawn. Before October 1, 2024, 20 per cent TDS was levied on the mutual fund redemptions and this amount was deducted at the source before the rest of the money was transferred to the investor. After October 1, 2024, the people investing in the mutual funds will not face any such deduction and the entire redemption amount, after deducting the expense ratio, will be credited to them. However, they will be required to pay capital gains tax on the profit made in their income tax return. Watch: Budget 2024: Post-budget, Rupee crashes to a record low, Indian stocks tank While removing TDS on the repurchase of units, the TDS on long-term capital gains, which is more than Rs. 1.25 lakh, has been increased from 10 per cent to 12.5 per cent. Also, there has been an increase in the LTCG tax rate for all financial and non-financial assets from 10 per cent to 12.5 per cent. On some specific financial assets, the Higher Short-Term Capital Gains (STCG) tax has been revised from 15 per cent to 20 per cent. So, it's not all good news for mutual fund investors, who may save some part of their pocket but are likely to lose part of their profits, especially if they have a large profit share.

Money-Wise: Here’s how TDS changes in Indian Budget 2024 will impact your salary, mutual fund investments

<p>Have you invested in the mutual funds and are you now planning to redeem some units or the entire amount? Mutual fund investments have been popular among the working class, however, some little tricks and smart steps while investing or redeeming can actually make the investment more wiser and profitable.&nbsp;</p>

<h2><strong>Mutual fund redemptions are taxable. Here's how</strong></h2>

<p>If you have decided to redeem your Mutual fund units after looking at the current value of your fund based on the latest NAV (Net Asset Value), then it is important to understand that it is not the final amount you will get after redemption.&nbsp;</p>

<p>Mutual fund profits are taxable and exit loads are applicable on the redemption of the fund units.&nbsp;</p>

<p>In the case of Equity-based Mutual Fund investment, if you have decided to redeem the investment in a period of less than a year, you will be required to also pay short-term capital gain tax.</p>

<p>Meanwhile, there is a 15 per cent tax rate applicable on capital gains in any equity fund if it is redeemed before a year. If the redemption takes place after a year, then an LTCG tax of 10 per cent is required to be paid on returns of Rs 1 lakh (approx. $1195) or more in one financial year. &nbsp;</p>

<p><strong>Also Read:&nbsp;</strong><a href="https://www.wionews.com/business-economy/money-wise-big-changes-on-nps-in-india-budget-how-to-make-best-investment-in-this-pension-scheme-740282">Money-Wise: Big changes on NPS in India Budget. How to make best investment in this pension scheme?</a></p>

<p>In the case of debt-based Mutual Funds, short-term gain tax is calculated as per the income tax slab and the investment gains beyond three years are taxed at 20 per cent. Also, cess remains applicable over and above the tax rate.</p>

<p>The exit load&nbsp;applicable differs for every fund and can range between 0.5 per cent to 1 per cent, which is calculated on the total amount withdrawn.</p>

<h2><strong>When is the right to redeem mutual funds?</strong></h2>

<p>You may consider redeeming mutual fund units if the fund is not performing well and has a below-par performance, which can be assessed by observing the performance of SENSEX or NIFTY50.</p>

<p>In case there is any financial emergency or you wish to change the investment strategy, the redemption of units can be considered. Also, if you started a mutual fund with a financial goal which has been accomplished, you can plan a redemption.&nbsp;</p>

<p>It is important to check whether all units of your mutual funds can be redeemed or not or if is there any lock-in period applicable to them, which is generally the case with the ELSS (Equity Linked Savings Scheme).</p>

<h2><strong>What is the most accurate time to order redemption of units?</strong></h2>

<p>In the case of mutual funds, it is important to understand that when you order the redemption of units is very important as it will determine the NAV applicable and hence will affect the entire value of the fund and the capital gains made through it.&nbsp;</p>

<p>To understand this, one first needs to know the cut-off timing decided by SEBI and the NAV applicable to funds according to it.</p>

<p>For liquid funds, if the redemption is ordered after 1:30 pm (local time), the same day's NAV is applicable and if it is before 1:30 pm (local time), the NAV of the day before is applicable.</p>

<p>In equity and debt funds, the cut-off time is 3:00 pm (local time). If redemption is ordered before 3:00 pm, the same day's NAV is applicable and if it is ordered later the next day's NAV. However, the rule is applicable on redemption requests of less than Rs 2 lakh (approx. $2390.59).</p>

<p><strong>Watch:&nbsp;SBI's mutual funds grows faster than deposits</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/sbis-mutual-funds-grows-faster-than-deposits-732406/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>So, if you are observing the stock market and seeing a surge in SENSEX and you do not wish to take any more risk, 2:00 pm (local time) becomes the best period to redeem your units.</p>

<p>This is because NAV is calculated on the basis of the prices of the portfolio's securities once the stock market closes.&nbsp;</p>

<p>The stock market trend at 2:00&nbsp;pm (local time) is likely to remain the same when the closing bell goes at 3:30 pm (local time) and this will directly impact the value of your units and the net capital gain you make at the time of redemption.&nbsp;</p>


Have you invested in the mutual funds and are you now planning to redeem some units or the entire amount? Mutual fund investments have been popular among the working class, however, some little tricks and smart steps while investing or redeeming can actually make the investment more wiser and profitable.

Have you invested in the mutual funds and are you now planning to redeem some units or the entire amount? Mutual fund investments have been popular among the working class, however, some little tricks and smart steps while investing or redeeming can actually make the investment more wiser and profitable. Mutual fund redemptions are taxable. Here's how If you have decided to redeem your Mutual fund units after looking at the current value of your fund based on the latest NAV (Net Asset Value), then it is important to understand that it is not the final amount you will get after redemption. Mutual fund profits are taxable and exit loads are applicable on the redemption of the fund units. In the case of Equity-based Mutual Fund investment, if you have decided to redeem the investment in a period of less than a year, you will be required to also pay short-term capital gain tax. Meanwhile, there is a 15 per cent tax rate applicable on capital gains in any equity fund if it is redeemed before a year. If the redemption takes place after a year, then an LTCG tax of 10 per cent is required to be paid on returns of Rs 1 lakh (approx. $1195) or more in one financial year. Also Read: Money-Wise: Big changes on NPS in India Budget. How to make best investment in this pension scheme? In the case of debt-based Mutual Funds, short-term gain tax is calculated as per the income tax slab and the investment gains beyond three years are taxed at 20 per cent. Also, cess remains applicable over and above the tax rate. The exit load applicable differs for every fund and can range between 0.5 per cent to 1 per cent, which is calculated on the total amount withdrawn. When is the right to redeem mutual funds? You may consider redeeming mutual fund units if the fund is not performing well and has a below-par performance, which can be assessed by observing the performance of SENSEX or NIFTY50. In case there is any financial emergency or you wish to change the investment strategy, the redemption of units can be considered. Also, if you started a mutual fund with a financial goal which has been accomplished, you can plan a redemption. It is important to check whether all units of your mutual funds can be redeemed or not or if is there any lock-in period applicable to them, which is generally the case with the ELSS (Equity Linked Savings Scheme). What is the most accurate time to order redemption of units? In the case of mutual funds, it is important to understand that when you order the redemption of units is very important as it will determine the NAV applicable and hence will affect the entire value of the fund and the capital gains made through it. To understand this, one first needs to know the cut-off timing decided by SEBI and the NAV applicable to funds according to it. For liquid funds, if the redemption is ordered after 1:30 pm (local time), the same day's NAV is applicable and if it is before 1:30 pm (local time), the NAV of the day before is applicable. In equity and debt funds, the cut-off time is 3:00 pm (local time). If redemption is ordered before 3:00 pm, the same day's NAV is applicable and if it is ordered later the next day's NAV. However, the rule is applicable on redemption requests of less than Rs 2 lakh (approx. $2390.59). Watch: SBI's mutual funds grows faster than deposits So, if you are observing the stock market and seeing a surge in SENSEX and you do not wish to take any more risk, 2:00 pm (local time) becomes the best period to redeem your units. This is because NAV is calculated on the basis of the prices of the portfolio's securities once the stock market closes. The stock market trend at 2:00 pm (local time) is likely to remain the same when the closing bell goes at 3:30 pm (local time) and this will directly impact the value of your units and the net capital gain you make at the time of redemption.

Money-Wise: Planning to redeem your mutual fund units? What every Indian investor should know

<p>In the Indian government's Budget 2024, the National Pension Scheme (NPS) is expected to be an important investment instrument in which significant changes are likely to be announced.&nbsp;</p>

<p>The taxpayers have been demanding some changes in the NPS which can make this investment more beneficial for them and give them more returns in the longer period.</p>

<p>The NPS holds importance for the taxpayers as investing in this instrument gives them additional income tax deductions under&nbsp;Sec 80CCD(1B).&nbsp;&nbsp;</p>

<p>The taxpayers are now demanding that NPS should be aligned with other government savings instruments like EPF, which work more or less like a retirement scheme.</p>

<p>There have also been demands to increase the tax deduction limit under Sec 80CCD(1B) from Rs 50,000 ($598.68) to Rs 1,00,000 ($1197.35) and raise the tax-free withdrawal limit from 60 per cent to 80 per cent upon maturity.</p>

<p>Amid these demands, media reports have suggested that all central government employees who are registered under NPS are likely to get 50 per cent of their last drawn pay as pension.</p>

<p><strong>Also Read:&nbsp;</strong><a href="https://www.wionews.com/business-economy/money-wise-planning-to-invest-in-an-ipo-here-are-five-things-you-must-keep-in-mind-738265">Money-wise: Planning to invest in an IPO? Here are five things you must keep in mind</a></p>

<p>So, is this investment instrument under section 80(C) of income tax deductions a lucrative option?</p>

<h2><strong>Understand NPS and its impact on our personal pockets</strong></h2>

<p>The National Pension Scheme can be best defined as a retirement plan or long-term saving plan with comparatively less but secured return on investment.&nbsp;</p>

<p>This scheme is open to employees who are in private, public and even unorganised sectors. However, it does not have an enrolment policy for people in the armed forces.</p>

<p>In this scheme, people are expected to invest some money in the pension account at regular intervals during their employment years.&nbsp;</p>

<p>Throughout this period, the account holder is free to partially withdraw 25 per cent of his contributions three times throughout the tenure of the account, after the account has completed three years. However, there needs to be a gap of five years between the partial withdrawals, unless it is being made to meet medical expenses.</p>

<p>Upon retirement, the account holder can withdraw a certain percentage of the corpus and the rest gets converted as a monthly pension.</p>

<p><strong>Watch:&nbsp;Tesla stock surges 38%</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/tesla-stock-surges-38-738629/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>This scheme has so far delivered nine&nbsp;per cent to 12 per cent annualised returns, which can be called a decent interest rate. However, it may vary depending on the pension fund chosen.</p>

<p>So, NPS is a good investment plan for those who wish to create a corpus for their retirement and also avail tax benefits on the same. A tax deduction can be claimed on investments made in NPS under Section 80CCD(1), Section 80CCD(1B),&nbsp;and Section 80CCD(2).&nbsp;</p>

<p>Under section 80CCD(1), a person can claim a tax deduction of Rs 1,50,000 ($1796.03) every year and an additional deduction of up to Rs 50,000 ($598.68) under section 80CCD(1B). It should be noted that Section 80CCD(1), Section 80CCD(1B) and Section 80CCD(2) are not included in the popular Section 80C.</p>

<p>However, this is not a scheme for those who wish to multiply wealth and make bigger gains on the investments in a shorter duration of time. &nbsp;</p>


In the Indian government's Budget 2024, the National Pension Scheme (NPS) is expected to be an important investment instrument in which significant changes are likely to be announced.

In the Indian government's Budget 2024, the National Pension Scheme (NPS) is expected to be an important investment instrument in which significant changes are likely to be announced. The taxpayers have been demanding some changes in the NPS which can make this investment more beneficial for them and give them more returns in the longer period. The NPS holds importance for the taxpayers as investing in this instrument gives them additional income tax deductions under Sec 80CCD(1B). The taxpayers are now demanding that NPS should be aligned with other government savings instruments like EPF, which work more or less like a retirement scheme. There have also been demands to increase the tax deduction limit under Sec 80CCD(1B) from Rs 50,000 ($598.68) to Rs 1,00,000 ($1197.35) and raise the tax-free withdrawal limit from 60 per cent to 80 per cent upon maturity. Amid these demands, media reports have suggested that all central government employees who are registered under NPS are likely to get 50 per cent of their last drawn pay as pension. Also Read: Money-wise: Planning to invest in an IPO? Here are five things you must keep in mind So, is this investment instrument under section 80(C) of income tax deductions a lucrative option? Understand NPS and its impact on our personal pockets The National Pension Scheme can be best defined as a retirement plan or long-term saving plan with comparatively less but secured return on investment. This scheme is open to employees who are in private, public and even unorganised sectors. However, it does not have an enrolment policy for people in the armed forces. In this scheme, people are expected to invest some money in the pension account at regular intervals during their employment years. Throughout this period, the account holder is free to partially withdraw 25 per cent of his contributions three times throughout the tenure of the account, after the account has completed three years. However, there needs to be a gap of five years between the partial withdrawals, unless it is being made to meet medical expenses. Upon retirement, the account holder can withdraw a certain percentage of the corpus and the rest gets converted as a monthly pension. Watch: Tesla stock surges 38% This scheme has so far delivered nine per cent to 12 per cent annualised returns, which can be called a decent interest rate. However, it may vary depending on the pension fund chosen. So, NPS is a good investment plan for those who wish to create a corpus for their retirement and also avail tax benefits on the same. A tax deduction can be claimed on investments made in NPS under Section 80CCD(1), Section 80CCD(1B), and Section 80CCD(2). Under section 80CCD(1), a person can claim a tax deduction of Rs 1,50,000 ($1796.03) every year and an additional deduction of up to Rs 50,000 ($598.68) under section 80CCD(1B). It should be noted that Section 80CCD(1), Section 80CCD(1B) and Section 80CCD(2) are not included in the popular Section 80C. However, this is not a scheme for those who wish to multiply wealth and make bigger gains on the investments in a shorter duration of time.

Money-Wise: Big changes on NPS in India Budget. How to make best investment in this pension scheme?

<p>For those planning to make long-term gains, investing in an Initial Public Offering (IPO) can prove to be a beneficial way.&nbsp;</p>

<p>Investing in an IPO has become a growing trend in the market and some of them have proved very profitable to the investors, giving them as much as 90 per cent returns.</p>

<p>However, not all IPOs are worth investing and one should tread this path of investment carefully to avoid any major loss. So how can one decide if an IPO is worth subscribing with their hard-earned money or not? Let's first understand what is an IPO of a company.&nbsp;</p>

<h2><strong>What is an IPO?</strong></h2>

<p>IPO is an initial public offering in which the private company's shares are made available to the public for the first time.&nbsp;</p>

<p><strong>Also Read:</strong>&nbsp;<a href="https://www.wionews.com/business-economy/indias-sensex-hits-80000-for-the-first-time-737323">India’s Sensex hits 80,000 for the first time</a></p>

<p>This helps the company to increase its equity capital with the help of public investors and go from a privately held corporation to a public corporation.&nbsp;</p>

<p>Investors can profit from an IPO if the issue price of IPO shares is less compared to the listed price when it is sold in the market.</p>

<p>The company raises its IPO to gain funds for equity capital, ensuring hassle-free trading of future capital and monetising private equity investors' investments.</p>

<h2><strong>Five things to know before investing in an IPO</strong></h2>

<h3><strong>Investigate the company’s financial condition history</strong></h3>

<p>It is important to check the financial condition of the company and the history of its performance, before investing in an IPO. One can look into how the company has performed in the last few years and if it is in a profitable zone.&nbsp;</p>

<h3><strong>Understand the valuation of the IPO</strong></h3>

<p>An IPO's valuation is dependent on the price at which shares are issued by the company before stepping into the market.</p>

<p>It is important to analyse the valuation and if the IPO appears overvalued, one should avoid investing in it. One way of understanding if an IPO is fairly valued is by conducting a comparison between the prices of shares of similar companies and the issue price of the IPO.&nbsp;</p>

<h3><strong>Find out why the company is raising funds</strong></h3>

<p>There can be various reasons why a company is going public and raising funds. Not every time, does the company raise its IPO because it is going for a growth plan or launching a new product.</p>

<p><strong>Watch:&nbsp;Bezos to sell Amazon shares after stock hits record high</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/bezos-to-sell-amazon-shares-after-stock-hits-record-high-737662/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>A company can also come up with its IPO if it has to repay debts, speedily expand or acquire a smaller firm.</p>

<h3><strong>Carefully check the lock-up period of the IPO</strong></h3>

<p>It is important to check what is the lock-up period of an IPO, which generally ranges between three to 24 months.</p>

<p>A lock-up period refers to the time when the investors are prohibited from selling any shares of the company.</p>

<p>This is important because an IPO may be listed at a higher price when it debuts in the market, however, there can be a slump in the price after the lock-up period which will impact the profit of the investors.</p>

<h3><strong>Study market conditions</strong></h3>

<p>One must also look at the current market conditions when subscribing to an IPO. When markets are bullish, it is likely that the IPOs will open in green, but they can go red if the market turns bearish.</p>

<p><em>(With inputs from agencies)</em></p>


For those planning to make long-term gains, investing in an Initial Public Offering (IPO) can prove to be a beneficial way. Investing in an IPO has become a growing trend in the market and some of them have proved very profitable to the investors, giving them as much as 90 per cent returns.

For those planning to make long-term gains, investing in an Initial Public Offering (IPO) can prove to be a beneficial way. Investing in an IPO has become a growing trend in the market and some of them have proved very profitable to the investors, giving them as much as 90 per cent returns. However, not all IPOs are worth investing and one should tread this path of investment carefully to avoid any major loss. So how can one decide if an IPO is worth subscribing with their hard-earned money or not? Let's first understand what is an IPO of a company. What is an IPO? IPO is an initial public offering in which the private company's shares are made available to the public for the first time. Also Read: India’s Sensex hits 80,000 for the first time This helps the company to increase its equity capital with the help of public investors and go from a privately held corporation to a public corporation. Investors can profit from an IPO if the issue price of IPO shares is less compared to the listed price when it is sold in the market. The company raises its IPO to gain funds for equity capital, ensuring hassle-free trading of future capital and monetising private equity investors' investments. Five things to know before investing in an IPO Investigate the company’s financial condition history It is important to check the financial condition of the company and the history of its performance, before investing in an IPO. One can look into how the company has performed in the last few years and if it is in a profitable zone. Understand the valuation of the IPO An IPO's valuation is dependent on the price at which shares are issued by the company before stepping into the market. It is important to analyse the valuation and if the IPO appears overvalued, one should avoid investing in it. One way of understanding if an IPO is fairly valued is by conducting a comparison between the prices of shares of similar companies and the issue price of the IPO. Find out why the company is raising funds There can be various reasons why a company is going public and raising funds. Not every time, does the company raise its IPO because it is going for a growth plan or launching a new product. Watch: Bezos to sell Amazon shares after stock hits record high A company can also come up with its IPO if it has to repay debts, speedily expand or acquire a smaller firm. Carefully check the lock-up period of the IPO It is important to check what is the lock-up period of an IPO, which generally ranges between three to 24 months. A lock-up period refers to the time when the investors are prohibited from selling any shares of the company. This is important because an IPO may be listed at a higher price when it debuts in the market, however, there can be a slump in the price after the lock-up period which will impact the profit of the investors. Study market conditions One must also look at the current market conditions when subscribing to an IPO. When markets are bullish, it is likely that the IPOs will open in green, but they can go red if the market turns bearish. (With inputs from agencies)

Money-Wise: Planning to invest in an IPO? Here are five things you must keep in mind

<p>North Korea is known for its ruthless isolationism and has been a secretive state for the past few years with no tourists visiting the nation after the&nbsp;pandemic.&nbsp;</p>

<p>But a Redditor, whose username is XioHao2, shared a series of photos captured in North Korea without entering the country. Using a novel method, the social media user flew the drone across the border from China.</p>

<p>In the images shared by the social media user, there were large buildings which featured photographs of the country’s founder Kim Il-sung and his firstborn son Kim Jong-il.</p>

<p>In the other aerial views, the eerily deserted streets were seen with very few cars and people on the roads.</p>

<p><strong>Also Read:&nbsp;</strong><a href="https://www.wionews.com/world/north-korean-defects-to-south-by-crossing-border-says-seoul-military-751513">North Korean defects to South by crossing border, says Seoul military</a></p>

<p>In one photo, some people were seen looking at the drone which suggested that the activities of the Reddit poster did not go unnoticed.</p>

<h2><strong>Reddit users react to the novel idea of visiting North Korea</strong></h2>

<p>The series of photographs received more than 6,900 comments as&nbsp;Redditors&nbsp;shared their thoughts.</p>

<p>“Am I tripping or is there no street drainage at all? Definitely no traffic lights. Looks like a concrete model of a city," wrote one user.</p>

<p>“Where are the people? Are they only props that come out whenever the Dear Leader needs his ego stroked?” quizzed another.&nbsp;</p>

<p>“It's the greyest country in the world. F**king depressing,” said a third user.</p>

<p>Some users also expressed concern that the activities of the original poster could land him/her in trouble.</p>

<p>“That is so so so cool, but not smart,” warned a user. “The Chinese government has a tight relationship with North Korea, returns escapees, helps prosecute criminals," said another.</p>

<p>“If [you’re] flying a DJI drone they have even more info on you, info that would allow them to track you down after the fact. So be careful," wrote a user.</p>

<p><strong>Watch:&nbsp;North Korea: Kim Jong Un oversees delivery of ballistic missile launchers</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/north-korea-kim-jong-un-oversees-delivery-of-ballistic-missile-launchers-747476/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>“This won’t create an international incident but you can be sure both governments will be working to figure out who it was," another user said.</p>

<p>Some even tried to understand the implications of the research done by the original poster.</p>

<p>“If this random dude with a drone from a store can this easily spy on North Korea, imagine the intel the US has!” wrote a user.</p>

<p>Another user said, “US intelligence are probably like 'wait s**t, we spent hundreds of millions on spy satellites and could have just used a f**king $500 drone?'"</p>

<p>“Guy single-handedly invaded N. Korea," said a user. Later, it was confirmed by the original poster that the images were taken in Sinuiju City during the 2020&nbsp;Covid pandemic.</p>

<p>For almost five years, the country remained closed to foreign travellers because of coronavirus restrictions and has now started opening borders slowly.</p>

<p><em>(With inputs from agencies)</em></p>


North Korea is known for its ruthless isolationism and has been a secretive state for the past few years with no tourists visiting the nation after the pandemic.

North Korea is known for its ruthless isolationism and has been a secretive state for the past few years with no tourists visiting the nation after the pandemic. But a Redditor, whose username is XioHao2, shared a series of photos captured in North Korea without entering the country. Using a novel method, the social media user flew the drone across the border from China. In the images shared by the social media user, there were large buildings which featured photographs of the country’s founder Kim Il-sung and his firstborn son Kim Jong-il. In the other aerial views, the eerily deserted streets were seen with very few cars and people on the roads. Also Read: North Korean defects to South by crossing border, says Seoul military In one photo, some people were seen looking at the drone which suggested that the activities of the Reddit poster did not go unnoticed. Reddit users react to the novel idea of visiting North Korea The series of photographs received more than 6,900 comments as Redditors shared their thoughts. “Am I tripping or is there no street drainage at all? Definitely no traffic lights. Looks like a concrete model of a city," wrote one user. “Where are the people? Are they only props that come out whenever the Dear Leader needs his ego stroked?” quizzed another. “It's the greyest country in the world. F**king depressing,” said a third user. Some users also expressed concern that the activities of the original poster could land him/her in trouble. “That is so so so cool, but not smart,” warned a user. “The Chinese government has a tight relationship with North Korea, returns escapees, helps prosecute criminals," said another. “If [you’re] flying a DJI drone they have even more info on you, info that would allow them to track you down after the fact. So be careful," wrote a user. Watch: North Korea: Kim Jong Un oversees delivery of ballistic missile launchers “This won’t create an international incident but you can be sure both governments will be working to figure out who it was," another user said. Some even tried to understand the implications of the research done by the original poster. “If this random dude with a drone from a store can this easily spy on North Korea, imagine the intel the US has!” wrote a user. Another user said, “US intelligence are probably like 'wait s**t, we spent hundreds of millions on spy satellites and could have just used a f**king $500 drone?'" “Guy single-handedly invaded N. Korea," said a user. Later, it was confirmed by the original poster that the images were taken in Sinuiju City during the 2020 Covid pandemic. For almost five years, the country remained closed to foreign travellers because of coronavirus restrictions and has now started opening borders slowly. (With inputs from agencies)

Chinese man invades North Korea in a never-thought way, flies drone across the border

Author

Zee News Rajasthan

Editor

Prisha

Home

Live Tv

Latest

World

India

Business

Entertainment

Sports

Opinions

Videos

Photos

Gravitas

Lifestyle

Science

Tech

Rajasthan News in Hindi: In-depth coverage of Rajasthan Crime, Political News, Education, Rajasthan Weather Update and Latest Rajasthan News on Zee News Rajasthan.