Investamax

11/07/2023

Utkarsh Small Finance Bank (Utkarsh SFB) is planning to raise Rs 500 crore through an IPO. The IPO opens on July 12 and closes on July 14. The issue price has been fixed at Rs 23-25 per share.

⭕ The IPO is being managed by ICICI Securities and Kotak Mahindra Capital Company.
⭕ The minimum investment amount is Rs 600 per lot.
⭕ The shares will be listed on the BSE and NSE.
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About bank

⭕ Utkarsh SFB is one of the leading small finance banks in India, with a strong track record of growth.

⭕ The bank has a diversified loan book, with a focus on microfinance and small business loans.

⭕ Utkarsh SFB is well-positioned to benefit from the growth of the Indian economy and the rising demand for financial services in rural and semi-urban areas.

Overall, the IPO looks attractive for investors who are looking for exposure to the small finance banking sector in India. However, it is important to do your own research before investing.

05/07/2023

Do you know about AMT - the Government tax weapon for high income individuals

Are you applicable to it ??? 👀🫰💸

We all know how high income individuals use exemptions, deductions, and incentives to promote investments, savings, and economic growth.📈

🔴 Alternative Minimum Tax (AMT). It is the minimum tax which is leviable alternative to the normal tax.

🔴 AMT ensures tax fairness and prevents tax evasion by setting a minimum tax liability. 🏦💰
Rate of AMT is 18.5% (*Plus surcharge and cess )

🔴 certain taxpayers are 🚫 exempt from its applicability when their adjusted total income does not exceed Rs.20,00,000.

It applies to individuals, HUFs, companies, and more, with substantial income.

For more information click below 👇

https://investamax.in/amt-what-is-alternative-minimum-tax

Alternative Minimum Tax (AMT) the minimum tax which is leviable alternative to the normal tax. AMT is a parallel tax system that operates alongside the regular income tax regime. Rate of AMT is 18.5%

03/07/2023

BREAKING NEWS: IDFC FIRST BANK MERGER RATIO

IDFC First Bank will merge with IDFC LTD in Ratio 155:100

155 equity shares of IDFC FIRST Bank for every 100 shares of IDFC Limited.

Post merger book value per share of the Bank would increase by 4.9%, as calculated on audited financials as of March 31, 2023.

21/02/2023

Secret 🤫 method of Large companies to not to default on loans

16/08/2022

27/07/2022

Have a Savings Account? You Can Claim Rs 10,000 Income Tax Deduction; Section 80TTA

Section 80TTA of the Income Tax Act, 1961, allows taxpayers to claim a deduction for the interest earned from savings account. The maximum deduction allowed under this Section 80TTA is Rs 10,000.

Taxpayers are eligible to claim the deduction if the interest income received from the following —
a) From a savings account with a bank,
b) From a savings account with a co-operative society or bank,
c) Post-office savings schemes. Moreover, the tax benefit can be claimed for any number of accounts till the aggregate interest amount of Rs 10,000.

25/07/2022

08/04/2022

Not sure if Everything is expensive...or I am pooor !

24/01/2022

1 AUTO INSURANCE

Auto Insurance is mandatory in most countries around the world. The policy covers accidental damage to your vehicle and death disability to third parties.

2 HEALTH INSURANCE

Health insurance or medical insurance is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance is risk among many individuals

3 LIFE INSURANCE

This is insurance is ver well known.
Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose.

4 LIABILITY INSURANCE

Liability insurance is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy

6 DISABILITY INSURANCE

Disability Insurance provides financial support in the event of being disabled due to an illness or injury. Worksmen Compensation is a mandatory cover in most countries.

7 PET INSURANCE

Pet Insurance is a health care policy for your pet that will provide reimbursement for specific health expenses that are covered by the policy.

8 SOCIAL INSURANCE

social insurance, public insurance program that provides protection against various economic risks (e.g., loss of income due to sickness, old age, or unemployment)
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05/11/2021

Money is always eager and ready to work for anyone who is ready to employ it
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funds

16/09/2021

DON'T COMPROMISE WITH YOUR DREAMS

SIP is a very safe method to invest in mutual funds. If you invest in a mutual fund in lump sum/SIP, depending on the market condition, you could end up paying a very high price for a mutual fund.

In SIP, you invest a small amount of money every month and In a lump sum investment, amount is invested once.



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