MProfit @MProfit Twitter profile | Pikagi

Pikagi

MProfit

@MProfit

5,132

Followers

100

Following

483

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A multi-asset portfolio tracker enabling Indians to consolidate their family investments and gain key portfolio insights including XIRR, Capital Gains and more.

Mumbai, India

https://t.co/2jYtpBWdf3

Joined April 2009

Don't wanna be here? Send us removal request.

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@MProfit

MProfit

1 year

An absolute honour to meet our amazing investor, Nithin Kamath, @Nithin0dha at Zerodha HQ in Bangalore this week! Kiran, Ashin and @Atik_MProfit from our team had a great conversation with Nithin & the @zerodhaonline / @Rainmatterin team about what we are building at MProfit. It

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@MProfit

MProfit

3 years

8 REASONS why MProfit is better than other portfolio trackers available to Indian investors:

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@MProfit

MProfit

8 months

Mutual Funds Simplified - Episode 7 Introducing Debt Mutual Funds Curious about how Debt Funds work? What are Short Duration Funds or Dynamic Funds? 🤔 🧵Here's a thread explaining Debt Mutual Funds and their various types👇 (1/13)

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@MProfit

MProfit

1 year

National Pension Scheme (NPS): A retirement-focused investment product that can help you secure your financial future Here's a simple thread explaining the features of NPS and why it is considered a useful tool to save for your golden years 🙂 Let's dive in🌊 (1/22)

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@MProfit

MProfit

10 months

Mutual Funds Simplified - Episode 3 The MF Factsheet houses crucial details about the scheme, encompassing its objectives, portfolio, risks, returns, & more. Here's a thread on key indicators in the MF Factsheet that shed insights on equity and related MF schemes 🧵

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@MProfit

MProfit

3 years

Get MProfit to track all your investments in one place. Import your Mutual Fund CAS statement and stock portfolios from Zerodha, Upstox & 700+ brokers! Track your portfolio returns and get detailed Capital Gains. Sign-up now for free:

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@MProfit

MProfit

7 months

Considering NPS for your retirement savings? But what if you need funds before you turn 60? 🤔 Worry Not! New rules since February 2024 allow partial withdrawals from NPS for specific instances 🙂 Here's when you can make partial withdrawals from NPS Tier 1 account 🧵 (1/7)

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@MProfit

MProfit

10 months

Sovereign Gold Bond (SGB) 2023-24 Series III is open for subscription. Here are the details in a nutshell 👇 Subscription period: 18th - 22nd December 2023 Date of issuance: 28th Dec 2023 Issue Price: ₹6,199 per gram of gold Interest rate: Fixed rate at 2.5% p.a., paid

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@MProfit

MProfit

3 months

Union Finance Minister Mrs. Nirmala Sitaraman presented the Union budget for FY24-25 today Several key changes from 1. Changes in tax rates for the new tax regime to, 2. Changes in Capital gains tax to, 3. Changes in buyback tax and angel tax were announced today Here is a

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@MProfit

MProfit

1 year

🚨 Tax Season is here! Are you struggling at the last minute to get everything in order and accurately collate your capital gains? Don't worry, we at @MProfit are here to help. We've created a one-stop snapshot on how Capital Gains across major asset classes are taxed (image

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@MProfit

MProfit

1 year

Mutual Funds are a great way to invest in a variety of asset classes! But with thousands of MF schemes available, you may wonder which one to choose 🤔 Regular or Direct? Growth or Dividend? In this thread, we'll cover the basics of MFs, from A to Z. Let's begin 👇 (1/24)

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@MProfit

MProfit

1 year

5 Powerful Mantras of Personal Finance: 🎯 Buy a health insurance plan 🎯 Buy a life insurance / term plan (if needed) 🎯 Maintain an emergency corpus 🎯 Diversify your investments across equity, debt, real estate and gold 🎯 Most importantly, be very disciplined and consistent

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@MProfit

MProfit

6 months

Did you know? AIFs (Alternate Investment Funds) are just like Mutual Funds, that primarily invest in alternative avenues like: Private Equity, Venture Capital, Hedge Funds, Real Estate, and more. A thread on everything you need to know about AIFs in India 👇 (1/16)

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@MProfit

MProfit

25 days

🚨 Ayushman Bharat for Senior Citizens! The Indian government now offers Ayushman Bharat to all citizens aged 70+. 💡What exactly is Ayushman Bharat? 💡Who is eligible for this scheme? A thread 🧵 for everything you need to know about Ayushman Bharat Scheme!

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@MProfit

MProfit

4 months

Taxation Simplified - Series 3 Under the Old Regime apart from Section 80C, several other tax-saving sections like for NPS, Health insurance premiums, etc. are available. Here is a list of all tax saving sections apart from Section 80C👇

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@MProfit

MProfit

1 year

The US Fed has taken a breather from the steepest interest hike cycle we have seen in the last 35 years. However, the Fed has also indicated that interest rates will remain higher in the US for longer. A thread on how higher interest affects different asset classes🧵 (1/12)

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@MProfit

MProfit

2 years

1) Over the last 18 months: - Nifty has given 4-5% return - Many mid-small caps are down 50% or higher - Debt returns are now 7-9% interest So what should you do? Some say invest in equities. Others say debt. 💡 Here's a thread on how to plan your investments. Let's go!

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@MProfit

MProfit

1 year

Public Provident Fund (PPF): A popular investment product with a lower risk profile that is: E - Exempt from tax while investing E - Exempt from tax on interest return E - Exempt from tax at the time of maturity Let's learn more about how this product work 👇 (1/15)

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@MProfit

MProfit

1 year

Jio Financial Services (JFSL), which demerged from Reliance Industries, listed on exchanges yesterday. If you received JFSL shares after the demerger, you can now trade them. Here's a thread on how to compute your capital gain liability when you sell JFSL shares 👇 (1/24)

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@MProfit

MProfit

11 months

Mutual Funds (MFs) are a gateway to diversifying investments across assets. But choosing the right MF can be puzzling! Like, how to invest? Which plan to choose? Regular or Direct plan? Growth or Dividend plan? Here's a thread that dives into the basics of MFs 🧵 (1/18)

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@MProfit

MProfit

1 year

🚨 While computing Capital Gains for your FY23 tax return, you must take note of the Bonus Stripping rule change announced in Budget 2022! Here's a simple explainer: What is Bonus Stripping? Bonus Stripping is a practice that involves buying shares just before a company issues

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@MProfit

MProfit

7 months

Did you know? Real Estate Investment Trusts (REITs) are like mutual funds for Real Estate. REITs: ➡️ Make real estate accessible at lower entry costs ➡️ Provide dividend income ➡️ Can be easily redeemed 🧵 A thread on what are REITs, their life cycle journey & more 👇 (1/20)

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@MProfit

MProfit

1 year

Jio Financial Services has demerged from its parent company, Reliance Industries today. The quantity ratio post demerger for Reliance Industries and Jio Financial Services is 1:1 The cost of acquisition ratio is: Reliance Industries - 95.32% Jio Financial Services - 4.68% The

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@MProfit

MProfit

1 year

Health insurance is the first investment one should ideally make. However, health insurance policies typically come with a lot of variations and can be very complicated to understand. A thread on the key things to keep in mind before buying a health insurance policy. (1/17)

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@MProfit

MProfit

2 years

If you are struggling to view your family’s investments in a single place, MProfit might just be the tool you are looking for: An app that allows you to track investments for your entire family, across asset classes & brokers 🙂 Here’s a detailed explainer (1/8)

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@MProfit

MProfit

8 months

Choosing the right tax regime is very important to optimize your tax outgo! One of the major differences between The old tax regime and the new tax regime is "Availability of Tax Saving Deductions" Here is a list of major deductions available under both regimes 👇

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@MProfit

MProfit

3 months

Taxation Simplified - Series 6 The Tax filing season is here! From 🏦Form 16 to, 🏦Form 26AS(TDS certificate) to, 🏦Documents relating to tax-saving investments Here is a list of documents required for filing of tax returns👇

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@MProfit

MProfit

2 years

1) Two friends, Jai & Roy recently redeemed their investments. Jai made a 100% return. Roy made 50%. Jai was happy. Roy felt FOMO 🙄 But their friend, Neha said that Jai had not beaten Roy! She said Jai had not even beaten FD returns 🤔 Why was Neha right? Let's find out!

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@MProfit

MProfit

4 months

Taxation Simplified - Series 4 The tax filing season is here! How are your investment gains across different asset classes taxed? A thread🧵on the capital gains taxation across different asset classes 👇

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@MProfit

MProfit

11 months

Sovereign Gold Bond (SGB) Series I is estimated to have fetched investors an XIRR return of ~12.9% from the issue to maturity. The 1st Tranche launched on 30th Nov 2015, has now matured after 8 years and can be redeemed at Rs 6,132 per unit. SGB's redemption value is calculated

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@MProfit

MProfit

1 year

Sovereign Gold Bond (SGB) Series II closes for subscription today! SGB schemes are a government-backed initiative that enable investors to invest in gold without needing to physically own it. Here are the key features of SGBs and how they differ from physical gold 👇 What are

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@MProfit

MProfit

1 year

MSCI just made some changes to its Global Standard Index that took effect on August 31st. 8 new Indian stocks were added to the MSCI India Index. Here's an explainer on what this means 👇 📊 What are MSCI indices? Morgan Stanley Capital International is an investment research

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@MProfit

MProfit

11 months

Purchasing gold on Dhanteras is a cherished & auspicious tradition in India! Today, there are ways to add gold to your portfolio: 🪙 Physical Gold 🪙 Gold ETFs 🪙 Sovereign Gold Bonds A thread on why gold is an important asset class & how it can be held in various forms.

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@MProfit

MProfit

3 months

The National Pension Scheme (NPS) - An important retirement product! The NPS is a great tool for building a pension for your retirement! It offers flexibility, tax benefits, and a disciplined approach to saving. A thread🧵on everything you need to know about NPS👇

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@MProfit

MProfit

1 year

Tax Filing season is in full swing! The deadline is July 31st. At MProfit, we're here to provide you knowledge that can help you navigate the process of filing your tax returns 🙂 Here's a comprehensive list of documents you'll need to file your Income tax returns. Primary

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@MProfit

MProfit

9 months

It is that time of the year when everyone is reviewing their tax-saving strategies! Here's a thread on the various tax-saving products available under section 80C in the old tax regime 🧵 (1/15)

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@MProfit

MProfit

1 year

TCS has announced its 5th buyback offer valued at Rs. 17,000 crore. The company shall repurchase up to 4.09 crore equity shares at Rs. 4,150 per share. This is a 15% premium to yesterday's closing price. Concerned about capital gain tax implications? Well, shareholders need

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@MProfit

MProfit

2 years

Meet the MProfit team! We're working on exciting new updates that will make investment tracking all the more seamless & automated for Indians. Stay tuned 😀

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@MProfit

MProfit

2 years

We are delighted to officially announce that we have raised our first-ever funding round from our amazing investors: @Rainmatterin (an initiative by @zerodhaonline ), Enam Holdings, @GruhasVc , @Auxano_Capital and Samarthya! 😀 (1/3)

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@MProfit

MProfit

11 months

Mutual Funds Simplified - Episode 2 Mutual Funds (MFs) help unlock the potential for diverse asset exposure, like Equity. But, amidst 100s of Equity schemes, how do you make investment decisions? Here's a thread that delves into the nuances of Equity MFs 🧵 (1/16)

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@MProfit

MProfit

1 month

The Government of India just launched the Unified Pension Scheme (UPS) for government employees! How is it different from the National Pension Scheme (NPS) and the Old Pension Scheme (OPS)? Here is a detailed comparison of all three pension schemes 👇

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@MProfit

MProfit

2 years

1) The Reserve Bank of India met today for its Monetary Policy Meeting (MPC) to decide on interest rates. RBI surprised the markets with its policy rate decisions! 😲😲 A short thread on the decisions of the RBI and what it means for the markets? Lets go:

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@MProfit

MProfit

9 months

Bajaj Auto has announced its buyback offer valued at ₹4,000 crore. The company shall repurchase up to 40 lakh equity shares at ₹10,000 per share. This is a 43% premium to yesterday's closing price. Concerned about capital gain tax implications? Well, shareholders need not

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@MProfit

MProfit

4 months

Taxation Simplified Series-1 Tax Filing Season for FY24 is here! How to choose b/w the old and the new tax regime? What is the difference b/w the Old and the new tax regimes? A thread on the differences b/w the tax regimes and how to choose a tax regime

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@MProfit

MProfit

6 months

Do you know about the Senior Citizen Savings Scheme (SCSS)? It's a small savings scheme for senior citizens seeking regular income & better interest rates. SCSS currently yields 8.2% interest for the Apr-Jun 2024 quarter. 🧵A thread on SCSS scheme 👇 (1/9)

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@MProfit

MProfit

1 year

We are delighted to find out that Soha Ali Khan uses MProfit to track her investment portfolio 😀 @sakpataudi thank you for mentioning us! We'll be launching many new updates this year and can't wait for you to try them.

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Soha Ali Khan On Personal Finances, Travel And Independence – The Post India

A candid chat with the Rang De Basanti actress offers insight into her financially literate mindset and love […]

thepostindia.co.in

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@MProfit

MProfit

6 months

Did you know? The Sukanya Samriddhi Yojana (SSY) scheme shall pay 8.2% interest for the April - June 2024 quarter. The Sukanya Samriddhi account is to be opened in the name of the girl child before she is 10 years of age. Here's all you need to know about the SSY scheme 🧵

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@MProfit

MProfit

1 year

We are delighted to announce a major MProfit product update 😀 Explore a whole new MProfit interface packed with new features in our new Analytics Dashboards! To get started now, click the link below: Here's what's new in MProfit 👇 (1/11)

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@MProfit

MProfit

8 months

Mutual Funds Simplified: Episode 8 Decoding Debt Mutual Funds Factsheet The MF Factsheet houses crucial details about the scheme, encompassing its objectives, duration, securities, etc. A thread on key parameters in the MF Factsheet for debt & related schemes 🧵 (1/21)

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@MProfit

MProfit

2 years

1) Everyone's talking about how tax on Debt Mutual Funds is about to change. It seems that the long term tax benefit with indexation might be going away for Debt MFs. Should your investment strategy really change? Lets find out!

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@MProfit

MProfit

1 year

RBI announced its Monetary Policy Committee (MPC)'s interest rate decision today. Here are the key highlights: 🏦 Repo Rate has been left unchanged at 6.5% 🏦 Accomodative stand has been withdrawn to keep inflation in check 🏦 The GDP growth in FY24 is projected to be 6.5% 🏦

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@MProfit

MProfit

7 months

Have you heard about InvITs? InvITs pool investors' money and invest in infrastructure projects. They provide regular dividend yield and diversification benefits. 🧵 A thread on what are InvITs, their life cycle journey & more 👇 (1/13)

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@MProfit

MProfit

8 months

Capital Gains Decoded - Episode 1 Equity Shares / Mutual Fund Capital Gains Taxation Confused about how your equity shares/MF gains are taxed? 🤔 Here is a simple explainer of how equity taxation works 👇

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@MProfit

MProfit

7 months

AMFI and SEBI have recently instructed Asset Management Companies (AMCs) to perform stress tests on small and mid-cap mutual fund schemes every 15 days, starting from March 15, 2024. The results must be published on both the AMCs' and AMFI's websites. The stress test would

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@MProfit

MProfit

2 years

Index funds, a passive mutual fund strategy, have gained massive traction over the last decade. However, there is still a lot of debate on Active vs. Passive funds. This thread aims to explain this topic in more detail! Let's go 👇 (1/14)

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@MProfit

MProfit

10 months

The Mutual Fund landscape in India unveiled intriguing trends and transformative shifts in 2023! Here's a quick recap of key trends that shaped the MF arena this year 👇 ➡️ Assets Under Management (AUM) near ₹50 lakh crore-mark ➡️ The assets managed by ETFs have risen by 17%

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@MProfit

MProfit

4 months

Taxation Simplified - Series 5 How are debt funds taxed? Following a rule change last year, Debt fund gains are now taxed as per the equity/debt exposure. Here is the capital gains taxation of various categories of debt funds 👇

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@MProfit

MProfit

1 year

The US Federal Reserve once again kept the interest rates unchanged in its periodic FOMC meeting yesterday. Here's a quick summary and the roadmap ahead of the US economy 👇 🏦 The primary interest rates remained unchanged at 5.25% - 5.50% 🏦 The recent inflation rates dropped

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@MProfit

MProfit

8 months

Sovereign Gold Bond (SGB) 2023-24 Series IV is open for subscription. Here are the details in a nutshell 👇 ➡️ Subscription period: 12 – 16 February 2024 ➡️ Date of issuance: 21 February 2024 ➡️ Issue price: ₹6,263 per gram of gold ➡️ Interest rate: Fixed rate of 2.5% per

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@MProfit

MProfit

6 months

Insurance Analyser Series - Episode 2 Health insurance is a critical investment. However, the policies typically come with a lot of variations & can be very complicated to understand. 🧵 Here's a checklist to keep in mind while buying health insurance 👇 (1/17)

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@MProfit

MProfit

1 year

RBI announced its Monetary Policy Committee (MPC)'s interest rate decision today. Here are the key highlights: 🏦 Repo Rate has been left unchanged at 6.5% 🏦 GDP growth in FY24 is projected to be 6.5% 🏦 Capex cycle could gain momentum 🏦 Vegetable inflation continues to be a

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@MProfit

MProfit

11 months

A very Happy Diwali to all from our MProfit family ❤️

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@MProfit

MProfit

1 year

You might have heard of the Sukanya Samriddhi Yojana (SSY) but do you know what it is? Part of the Government's Beti Bachao, Beti Padhao campaign, Sukanya Samriddhi Yojana (SSY) is a useful small savings scheme meant for securing a girl child's future. It is a completely

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@MProfit

MProfit

1 year

Indian stock markets have witnessed six trading sessions of downtrend 📉 It's understandable to be overwhelmed by this volatility. But let's understand why this might be happening. Here are some global and domestic factors that might be contributing to this fall: Geopolitical

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@MProfit

MProfit

1 year

In India, credit scores are gaining significant prominence for tracking financial health. However, many people still do not pay enough attention towards it. Are you tracking your credit score? Here's a thread on everything you need to know about credit scores 🧵 (1/17)

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@MProfit

MProfit

1 year

Equity markets often undergo various cycles and speculations, sometimes leading to historical market crashes. Did you know that the first-ever stock market crash was recorded way back in the 17th century and is popularly known as the Tulip Mania? The Dutch Republic in Europe

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@MProfit

MProfit

1 year

Under the old tax regime, Section 80C is one of the most prominent ways to save tax on investments. Investments made under Section 80C are eligible for tax exemptions up to Rs 1,50,000. Here are some investment products under section 80C along with the taxability of each

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@MProfit

MProfit

1 year

Larsen & Toubro’s equity buyback tender offer is open until today. The stock opened today at Rs. 2,918. The floor price for the tender is Rs. 3,200. The entitlement ratio i.e. the minimum number of shares that would be accepted in the buyback, is as follows for the following

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@MProfit

MProfit

1 year

Zerodha Fund House will soon be launching new passive mutual funds. One of the schemes expected to be launched is the Nifty Tax Saver ELSS Large Midcap 250 Index Fund. Here's a short thread on what are ELSS index funds and why passive funds are gaining popularity today 👇

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@MProfit

MProfit

1 year

Here’s a good explainer on the new global PMS products coming up in GIFT City. HNIs will be able to explore such products to gain exposure to international stocks and ETFs. Thanks to the Mint team for sharing these insights 😀

@ActusDei

Neil Borate

1 year

From India - to the world. The first few global portfolio management services (PMS) are coming up in GIFT City. Global meaning international stocks (Apple, Alphabet etc) for Indians. Why is this good? GIFT City firms are accountable to an Indian regulator (IFSC Authority) and

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@MProfit

MProfit

10 months

As curtains fall on the year 2023, here's a snapshot on the story of Equity Markets this year 👇 ➡️ US Markets 2022 was the worst year in a decade for the US equity markets. In 2023, the S&P 500 recovered to post a gain of about 24%. Technology stocks have rebounded and led

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@MProfit

MProfit

11 months

Crude oil prices recently hit a 4-month low 📉 This was primarily due to subdued demand from economies like the US & China and rising supplies. How can a downtrend in crude oil prices aid the Indian economy? India is a net importer of crude and meets 85% of its energy needs by

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@MProfit

MProfit

6 months

Insurance Analyser Series - Episode 1 Insurance is a financial tool to hedge unforeseen risks to life and health. It is one of the crucial elements of your financial planning journey. A thread on the different types of insurance and India's healthcare scenario 🧵 (1/15)

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@MProfit

MProfit

1 year

Let's talk about another savings scheme today! The Senior Citizen Saving Scheme (SCSS) A small savings scheme for Senior Citizens, it is a good tool for Senior Citizens looking for regular income and better interest rates. The government has now increased the maximum deposit

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@MProfit

MProfit

10 months

The Indian investment landscape brings forth opportunities for various investor categories with diverse risk appetites & financial goals. Here's a thread that explores alternative investment avenues for High-Net-Worth Individuals (HNIs) in 2024 & beyond 🧵 (1/18)

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@MProfit

MProfit

1 year

For people looking to decide on which tax regime to choose for the next financial year, here's a good reference table created by @SatyaSontanam from @livemint . Thanks for sharing @Ary_Mulchandani 🙂

@Ary_Mulchandani

Aryan Mulchandani

@Ary_Mulchandani

1 year

Was deciding on the tax regime for next year & my life was so much easier thanks to ⁦ @SatyaSontanam ⁩ ‘s table from ⁦ @livemint ⁩ PS: I still manually checked regardless (old habits), but this helped me cross-check

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@MProfit

MProfit

17 days

🚨National Pension Scheme - Vatsalya The Government of India has introduced NPS Vatsalya, a scheme designed to secure the financial future of your minor child.🧒 🪙What is NPS Vatsalya? 🪙Who can invest in NPS Vatsalya? A thread 🧵on everything you need to know about NPS

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@MProfit

MProfit

8 months

Friday Facts! Rakesh Sharma, the 1st Indian astronaut, spent 21 days & 40 minutes in space in a Russian spacecraft in 1984. After 40 years, Indian astronauts eye the sky with India's 1st Human Space Mission: "Gaganyaan" 🚀🧑‍🚀 A thread on the key highlights of this mission👇

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@MProfit

MProfit

11 months

Did you know? India currently imports 95% of semiconductors to meet its demand from countries like China, South Korea, Taiwan, and Singapore. The Indian government aims to make India a global hub by establishing a robust semiconductor manufacturing ecosystem. The recent

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@MProfit

MProfit

11 months

As we cheer for Team India for the Finale, here are some facts about the Cricket World Cup 🏆 🏏 The 1st ODI World Cup was played in England in 1975 and won by West Indies 🏏 Ironically, for the first time in 48 years, West Indies have not qualified for the tournament this year

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@MProfit

MProfit

8 months

As you head towards the financial year end & evaluate your tax-saving strategies, have you considered Tax Loss Harvesting? It helps set off capital gains earned on stocks & equity mutual funds with capital losses. This ultimately reduces your tax outgo! Here's how 🧵 (1/9)

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@MProfit

MProfit

3 months

Critical Illnesses like cancer, heart disease, and renal disease are becoming increasingly common. Health Insurance is important, but Critical Illness Insurance is also worth considering. A thread🧵on Critical Illness Insurance and how it differs from Health Insurance.👇

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@MProfit

MProfit

6 months

RBI recently decided to keep the interest rates unchanged and shared a robust outlook for the Indian economy. Let's see what else keeps the Bank Nifty buzzing 📊 How is the Indian banking sector evolving in the dynamic Digital & AI landscape? Here's the Bigger Picture! (1/6)

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@MProfit

MProfit

9 months

The AUM of India's PMS industry surpassed the Rs 30 lakh crore mark in 2023! What drives investments towards PMS products? 🧵Here's a thread on: What are PMS products? What is their investment philosophy? What are things to keep in mind while investing in PMS? (1/15)

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@MProfit

MProfit

6 months

Diversifying your investment portfolio is like building a sturdy ship to weather turbulent market conditions. It helps to achieve your financial goals as per your risk-return profile. Let's debunk some myths about Portfolio Diversification 👇

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@MProfit

MProfit

1 year

The tax deadline is coming up! The last date for filing tax returns for FY23 is July 31. Are you confused about which Income tax Returns form to fill up? Check out this thread on various types of ITR forms and decide which one should you use 🙂

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@MProfit

MProfit

4 months

Life insurance products come with a lot of variations! 1. ULIP 2. Whole Life Insurance 3. Term Life Insurance Term Life Insurance is a pure-play protection product and one of the most important life insurance. A thread🧵on everything you need to know about Term Plan. 👇

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@MProfit

MProfit

1 year

There are hundreds of active Equity Mutual Funds available. Are you feeling confused about how to choose among different funds? 🙄 Here's a crisp summary of the different types of equity mutual funds and their suitability. Let's get started 👇 (1/12)

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@MProfit

MProfit

1 year

The US Federal Reserve held its periodic FOMC meeting yesterday. After multiple interest rate hikes in the past 18 months the Fed Chairman announced the much anticipated pause in the rate hike cycle. Here's a quick summary and the roadmap ahead of the US economy👇 🏦 The FOMC

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@MProfit

MProfit

7 months

Bank of Japan announces the first interest rate hike in 17 years. The short-term policy rates have been revised between 0 and 0.1%, up from -0.1% after 8 years. Despite the marginal interest rate hike, Japan still has ultra-low interest rates compared to its global

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@MProfit

MProfit

4 months

Taxation Simplified Series-2 Under the Old Regime, There are Several Tax Saving Instruments like Mutual funds, Provident funds, etc available under section 80C Here is the list of tax-saving instruments available under section 80C👇

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@MProfit

MProfit

1 year

Amidst a high inflationary environment, slowing global economies and geo-political tension, RBI maintained a status quo in its periodic Monetary Policy Committee (MPC) meeting today. Here are the key highlights: 🏦 Repo Rate has been left unchanged at 6.5% 🏦 FY24 GDP growth

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@MProfit

MProfit

10 months

The Reserve Bank of India (RBI) keeps key interest rates unchanged for the 5th time in a row. The central bank governor emphasized that emerging economies like India have been resilient amidst volatile global macroeconomic conditions, and focus continues to remain on robust

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@MProfit

MProfit

8 months

Friday Facts! Do you know who is known as "The Mother of Wi-Fi" and why? Here's a sneak peek 👇 (1/5)

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@MProfit

MProfit

11 months

Indian Renewable Energy Development Agency has commenced its IPO subscription process. The government entity is a Non-Banking Financial Institution that provides financial assistance for establishing and developing projects relating to new and renewable energy sources like

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@MProfit

MProfit

1 year

The Tax Returns filing season for FY23 is underway. As you already know, we now have 2 different tax regimes to choose from for FY23: The Old Regime and the New Regime. A thread explaining the difference between the two and how to choose between them 🤔 Let's go. (1/15)

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@MProfit

MProfit

1 year

By now, you've probably heard about JP Morgan's recent announcement about including Indian Government Bonds (IGBs) in its emerging market index. It is said that this has the potential to improve the depth of Indian bond markets, by broadening the global investor pool and

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@MProfit

MProfit

7 months

We recently attended the @FinbridgeExpo where @MProfit represented as the Portfolio Management Software partner! The two-day expo was a fun event, and our booth had an amazing response from investors, traders & finance professionals wanting to understand how @MProfit can enhance

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@MProfit

MProfit

7 months

Did you know? Now, you can change your credit card billing cycle more than once. Effective 7th March 2024, RBI has directed banks to allow credit cardholders to change their billing cycle more than once (after clearing existing dues). This empowers you to better manage your

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