Are you ready to retire from the daily grind of your stressful nine to five job? How do you know that you are prepared to say goodbye to your office desk, to your co-workers and your boss once and for all? Well, there are certain parameters and benchmarks to consider in order to figure out…Read More 5 Signs That You are Ready for An Early Retirement
Investing is the smartest way to deal with surplus cash. Even for regular office-goers investing in a mutual fund scheme makes so much more sense because it increases their chances of creating wealth. Over the past years, mutual fund investment schemes have proven to fetch higher returns as compared to traditional investment options like Public…Read More How Does the 3 Year Lock-in of ELSS Compare to Other Tax Saving Instrument?
If you are someone looking for a financial product where you can invest your savings without having to devote a lot of time and energy, mutual funds are your answer. Mutual funds are a passive way to invest in the capital market, which could be equity, commonly known as stocks; or debt, known as bonds.…Read More 5 Key Benefits of Investing In Mutual Funds
Marriages are made in heaven. But the big fat Indian weddings are made with a lot of money as well. The grandeur which is being associated with weddings is the trend with people ensuring each aspect of their big day is perfect in every sense. People in our country save for years for weddings in…Read More Cover Wedding Costs with Personal Loans
Mutual funds can be an effective market-linked investment option for investors among the many available alternatives in the finance market. They offer dual advantage of generating wealth in the long run while helping to save tax. Systematic Investment Plans (SIPs) are considered as an efficient way to invest in mutual funds. They allow you to…Read More Five different types of mutual fund SIPs
Most Indians invest with two purposes in mind: build wealth for the future and save on the income tax liability. A fixed deposit is one of the most popular instruments for the first purpose – it keeps your capital safe while also guaranteeing a healthy return on investment. A variation of fixed deposit is tax-saving…Read More Difference between normal FD and tax saving FD
A personal loan is one of the easiest ways to get a decent amount of money to see you through a bad patch or to spend on planned expenses. If you can provide your lender with minimal documentation about income continuation and have a good credit history and score, you become an ideal candidate for…Read More How Good CIBIL Score helps to Get Personal Loan Approved?
The full form of PFMS is Public Financial Management System. The is a social security scheme which is started by the Government of India to check the growth and development taking place in the social sector. PFMS provides scholarships to many students, whether they are in college or school. Some of the scholarship schemes initiated…Read More How PFMS Scholarship is useful for students
Many of us tend to think of retirement planning as a very distant event. Especially for those of us who are in our 20s and 30s, we do not feel a pressing need to start saving for our retirement. But financial planning is vital for a secure and stable financial future. The earlier we begin,…Read More Some Simple Retirement Products Suitable For Most Savers
Education costs across the world are soaring at an alarming rate. Be it secondary education, higher secondary or a professional degree, the cost of education is at an all-time. To give an example, the price of education in pre-schools and nursery in metropolitan cities is around Rs.1-1.5 lakh. This cost could rise further in the…Read More Is Education Affordable Today, and will it be years from now?
Our country has witnessed the development of housing projects at a faster rate in the last few years. However, the occurrence of stalled housing projects was increasing at an alarming rate. To change this picture and encourage to the homebuyers, Government of India has made an exciting announcement in the first week of November 2019.…Read More Govt. approves Rs.25000 Crore Plan for Stalled Housing Projects
With the Reserve Bank of India reducing its repo-rate for the 5th consecutive time, and the new mandate for financial institutions to link their home loan interest rates to an external benchmark, housing loans have become much cheaper for borrowers. To understand how RBI’s repo-rate cut can affect payments of home loan EMI, it is first…Read More Know How a Decrease in Repo Rate Will Lower down Your Home Loan EMI
Individuals are always on the lookout for avenues to invest their hard-earned money. Taxes, increasing interest rates on loans, and inflation cause a reduction in the amount of money a person saves over the years. With savings bank interest rates falling as low as 3.5% to 4.5%, there’s not even beating inflation, forget about growing…Read More Mutual Funds Investment Made Easy – An Innovative Approach
“In this world nothing can be said to be certain except death and taxes,” is a famous quote by Benjamin Franklin. Surprisingly, it also holds true in the world of wealth creation. You invest in several financial instruments to get good returns and fulfill your life goals. You then later realize your capital gains are…Read More What Makes Tax-Saving Exercise an Integral Part of Financial Planning?
Since there continues to be a growing debate on what’s the difference between trading shares as compared to trading CFDs (Contracts for Difference), we would like to provide some brief clarifications on the matter. We would like you to know that each type of instrument comes with both positives and negatives, so without further ado,…Read More Comparison Between Share Trading and CFD Trading
It is important to open a demat account to participate in the stock market. The account will allow you to hold shares in your custody in a dematerialized format. It is very similar to a bank account where you hold your money. You hold securities in a demat account. Before you open such an account,…Read More How to Choose a Demat Account – 5 Great Tips
Whistleblower complaints continues to make headlines. The most famous now seems to be the whistleblower complaint against US President Donald Trump, over his handling of his conversations with the President of Ukraine. Whistleblowers in the United States have specific protections which allow them to come forward without facing ramifications. Infosys in the Headlines The financial…Read More Infosys Faces SEC Scrutiny over Whistleblower Complaint
As a prudent investor, you need a well-defined financial strategy for a comfortable and secure future. Financial discipline involves saving more money, cutting down unnecessary expenditure and making well-planned investments. Plus, an efficient financial plan must also account for inflation rates to set financial goals correctly. With a disciplined approach to investing, it is not…Read More New Year 2020 Investment Resolution: Use SIPs to Become a Crorepati
You might have heard the phrase ‘dream home’. We all have it but very few of us can afford it! According to a census conducted in 2011, it was seen that 69% of urban families own a house. If you fall this percentage then be happy! Else you still have a long road ahead to…Read More What To Do When You Don’t Have Money For Down Payment?
What are mutual funds? Mutual funds are pool of money gathered from different investors and combined together to be invested in different types of securities like stocks, money market instruments, bonds, and other related assets. Professional experts called fund managers manage mutual funds that are operational in allocation the money from investors in these different…Read More What are the Different Types of Mutual Funds in India?
Call it a beginner’s myth or just a common misconception, but a lot of people believe you need a large sum of money to begin investing in the stock market. This myth originates from lack of knowledge of investment or word of mouth communication or maybe someone with bad experience in the stock market. Nevertheless,…Read More How to Invest in Share Market with Limited Funds?
Before you think this article is an exaggeration, we need to state that, it is indeed possible to accumulate Rs. 1 Crore by saving just Rs. 90 every day. The only catch is that it won’t happen overnight. So in case you’re searching for some otherworldly “easy money scheme” that will bring you everlasting wealth,…Read More How Saving Just Rs. 90 a Day Can Help You Accumulate Rs. 1 Crore?
On 7th August 2019, the Reserve Bank of India has cut down the repo rate from 5.75% to 5.4%. This was the fourth time that RBI reduced the repo rate this year. This cut down is intended to support the growth of the economy. This could also give a boost to PMAY, a scheme introduced…Read More Will Home Loan Interest Rates go Down in Future?
Every time equity markets experience short-term volatility; doubts begin to cloud the minds of most investors – is it time to discontinue the SIP investment? This is especially true in the case of mutual fund investors who began their investment journey a few years ago, without experiencing drastic market fluctuations. A crucial piece of advice…Read More Why You Shouldn’t Stop SIPs
To achieve you long-term financial goals, it is important to start exploring and planning tax-saving investment options and the best way to invest money at the beginning of the new fiscal year. Doing this will help your investments to compound, as it gives you enough time, aiding your long-term goals. If you want to choose…Read More Top 10 Investments You Should Make Now To Save Tax for FY 19-20
Last year’s 2018 Budget imposed a Long-Term Capital Gains Tax (LTCG) on the sale of both equity shares and mutual funds. So from the fiscal year 2018-19 onwards, the gains made on the sale of shares in excess of Rs. 1 lakh will be taxed at 10% rate. If you are an investor, chances are…Read More How to Reduce the Impact of LTCG Tax on Your Investments?
Be it via lump sum or a SIP investment, choosing the right mutual funds can help enhance your portfolio and achieve your financial objectives. However, the abundance of mutual fund investment options can make it hard to decide which one to pick. Sometimes, new investors make the mistake of selecting mutual funds based on their…Read More Insightful Tips on How to Choose Best Mutual Funds to Invest in According to Your Portfolio
When it comes to looking after their hard-earned money, some individuals in India think that simply keeping it in a bank account is the best idea. After all, that is ultra-secure and there is little risk involved for the saver. Once money has been deposited in the bank it is very easy to just leave…Read More Aggressive Investment Policies Might Now be Advisable
Mutual Funds (MF) are an important investment avenue for many investors. Equity MFs particularly have found favour with investors for their inflation-beating returns as well as being attractive investments as far as tax implications are concerned. Returns on mutual funds can be calculated in a number of ways; here are two common methods: Absolute Returns:…Read More How are Mutual Fund Returns Taxed?
Buying a dream home usually makes it to the top of every individual’s priority list. However, with skyrocketing real estate prices in top cities and even small towns, buying a home becomes quite a pricy affair. Therefore, to assist middle-class buyers in fulfilling the distant dream, the NBFC and banks have introduced numerous home loan…Read More Tips for Arranging Down Payment for Home Loan