In this world, nothing can be said to be certain, except death and taxes – Benjamin Franklin While Tax is as certain as death, a timely and suitable tax planing could help in saving taxes. Most people remember about tax planning when the payroll department asks for their investment proof. The best time to plan …
Over the last few days, we saw many banks cutting rates on saving account balances. The interest on bank fixed deposits has also fallen. Interest income on bank fixed deposits is clubbed with your taxable income and is taxed at your marginal tax rate. Unlike bank FDs, debt mutual funds offer three key advantages: Easy …
Bank cutting rates – Move your cash to debt mutual funds! Read More »
There is a saying in Hindi: धीरे धीरे रे मना धीरे सब कुछ होय | माली सींचै सौ घड़ा ऋतू आये फल होय || This means that everything happens gradually and not before its time. A gardener waters the plants daily but the plants bear fruits only in the right season. In the last few …
My father-in-law belongs to old school. He has retired recently and thought of organising his finances. During the course of this, he came across some fixed deposit receipts that he had started couple of decades ago. When he had started those deposits, he was told that they will be renewed automatically once they mature. To …
The hardest thing to understand in the world is income tax- Albert Einstein Recently, I met an old friend. He is very sceptical about mutual funds and considers them risky. When I talked about debt oriented mutual funds who don’t have the same risk profile as equity funds, he was not convinced. While he agreed …
Fixed deposit Vs. debt mutual fund – What to pick? Read More »
Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in corrections themselves- Peter Lynch During my initial days of investing, I felt that systematic investment plans are not very smart. However, over the years, I have realized that it is one of the most …
Systematic investment plans – How to make money? Read More »
I’ve never known anybody who can time the market. I’ve never known anybody who knows anybody who can consistently time the market- Burton Malkiel Aiming to time the market is futile.Purpose of this article is to focus more on asset allocation. We all know that right asset allocation is the main driver of portfolio returns. In …
Recently, a friend was diagnosed with blood cancer. He is in 30s, well-built and looked quite healthy until he was diagnosed with this terrible disease. After initial rounds of chemotherapy, the doctors concluded that bone marrow transplant was the only way to have a fighting chance against this disease. Apparently, this will cost 50 lacs. …
Want to reduce interest rate on your home loan? Lenders have always meted out step-motherly treatment to their existing home loan customers. Over the last few months, we have seen home loan interest rates falling significantly for new customers. However, lenders have not reduced interest rates for existing home loan customers. Remember: Most banks will offer …
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” – Albert Einstein It is quite common to refer to the wonders of compounding However, this is often forgotten in financial planning. The pace of compounding is quite low in the beginning as …
