Do you know what your spender personality is? Many times, I have heard people say that that “don’t earn sufficient money so that can save etc. and my income is so low, I could not even think about financial planning”. On the flip side, some earn sufficient money, still they could also not think about […]
Tax Saving Instrument under Section 80C
This article would enable you to effectively invest in tax saving instruments, in order to optimally reduce tax liability; and this is seen as one of the most sought after sections when it comes to tax planning. It offers a host a popular investment instruments mentioned below which qualify for a deduction under Section 80C […]
Higher Tax Bracket: Think Tax-free Bonds
Bond is a debt instrument in which an investor loans money to an entity (corporate or governmental) that borrows the fund for a defined period of time at a fixed rate. Tax-free bonds: One should not confuse tax-free bonds with infrastructure bonds, which enjoy tax deduction under Section 80CCF which have already been discontinued from […]
Financial Planners are not Magicians!
People are often sought for financial advice of Financial Planners and must have many reasons, but one of the most common reasons for hiring a financial planners that it is the solely duty of the Financial Planner to plan for all their financial goals and fulfil them like an Alladin’s Chiraag. Most of the people […]
Buying ULIPs? Read verbose fine print
All of us must be aware about ULIP, which are a mix of insurance and market-linked investment with in-built hefty charges eating up your returns. Some charges are for a limited number of years; other remains constant and these may be bonus and guaranteed maturity benefits. When all this comes together in a brochure, it […]
Gold Kitty Saving Schemes: Are these really worth considering?
Purchasing gold in its physical form has emotional value for many, especially women despite the accompanying problems regarding storage and higher purchase cost. Does this mean you should shell out a chunk of your savings to buy gold now, considering its high price? Of course, if you buy a sizeable piece of jewellery, such as […]
Flexi Systematic Transfer Plan that catches falling Markets
Self-disciplined investing is the key to financial success. However, to put this into practice is difficult because it is impossible to time the market. Everyone loves to buy equities when the market is at a low and sell when they reach at high. It sounds a perfect strategy easier said than done. But, most of […]
Take small steps. But make a start!
We recognize the fact that many of you are too busy throughout the year in your economic activities intended to make a living. But if you show the same dedication in your personal finance exercise, the same will enable you to save more and fulfill all your dreams in life. When we ask people to […]