Atal Pension Yojana (APY) has proposed in Budget 2015-16, which is primarily opened to all workers who have been working in unorganized sectors to voluntarily save for their retirement. Though the Government had started the Swavalamban Scheme in 2010-11 which is inadequate mainly due to lack of guaranteed pension benefits at the age of 60 […]
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Author: Suresh Kumar Narula
Suresh Kumar Narula is founder and Principal Financial Planner at Prudent Financial Planners. He has earned the professional CERITIFIED FINANCIAL PLANNER and got registered with SEBI as Investment Advisor. He writes on personal and financial planning articles and got published in Dainik Bhaskar, Business Bhaskar and The Financial Planner's Guild, India. He is also a member of Financial Planner's Guild India ( An association of practicing SEBI registered Investment advisers) to create awareness about Financial Planning in general public, promote professional excellence and ensure high quality practice standards. Suresh received his an M.com from Himachal Pardesh University and an MFC from Punjab University, Chandigarh. He can be reached at info@prudentfp.in
Insurance is an Illusory Investment!
Over the years, an ever-increasing number of people have been buying insurance on the pretension of investment. There is nothing unique and new phenomenon in insurance market which is driven solely by insurance agents and their own drive to make more money themselves. Life insurance is one of the most of us vital need but […]
Are you worried about your Pre-existing Illness?
Amid growing widespread awareness of buying health insurance policy, many people, especially late buyers are worried about getting a health insurance plan for pre-existing illness conditions. The last couple of years, majority of the claims are rejected under the pre-existing illness clause. Health insurers have the highest number of cases pending in consumer courts. I […]
Differential interest rates on fixed deposits with early withdrawal option
Rich individuals and pensioners, who don’t mind keeping their large sum of money in fixed deposits for a fixed term, will get benefit for higher interest by opting without premature withdrawal option. RBI has directed to all banks to offer differential interest rates for fixed deposits by giving the option to choose between term deposits […]
NPS is still Tax Inefficient and flawed product!
The National Pension Scheme (NPS) was launched in 2004, as a pure-defined contribution product based pension system, which seems still confused about its design, marketing and taxation even after eleven years since its launch. The scheme has failed to nudge people into long-term savings that might provide a comfortable retirement income due to its cumbersome […]
Chasing little Return into High Risk!
In routine many investors tend to buy the fund after a fund has performed well in hopes that it would remain continue to perform well. Similarly, they churn their portfolio after they have had good performance in hopes that performance would sustain in the future. It clearly translates that they are just chasing the past […]
Time to invest in your Financial Education!
Most of parents have been investing their money and getting a good academic education into their own children to study hard, get good grades and find a high-paying job with great benefits or a safe career since over the years. Their goal in life is just to provide a college education for their children, so […]
Re-think before investing in the name of Spouse and Children!
Most of the families having the wives are home-makers and their husbands are in the highest tax bracket thanks to higher disposable income. Usually, high tax payers would temptation to pass on assets and invest in the name of family members mainly to save their taxes or emotionally or whatever other reasons. We have been […]