Make Your Money Work For You
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It is critical to make sure that the wealth you acquire is available to the beneficiary when the funds are needed to achieve an important life goal. For example, parents who establish an education fund for their kid’s college education must ensure that the money accumulated in the fund is conveniently available when the child starts …
The Finance Act of 2023 removed the indexation advantage from debt mutual funds. It says that profits from funds having an equity proportion of less than 35% will be taxable as short-term capital gains (STCG), regardless of holding duration. Non-equity fund STCG is taxed at their respective slab rate. It is 30% plus surcharge and cess …
I will start this blog article with the assumption that you are likely aware of the term ‘Systematic Investment Plan’ (SIP). Just to give a refresher for newbies, SIP is nothing but an investment strategy that allows you to invest a fixed small amount of money in mutual funds every month periodically, instead of lump-sum …
Investing in last year’s top performing mutual funds may appear to be a rational approach at first, but it is not. As a mutual fund investor, if you look at the recent one-year returns of equities funds, you will find that practically every year, a new fund tops the returns rankings. It may be a …
. Money affects us in a variety of ways; some people love it, some dislike it, and few individuals have no sentimental attachment to money. These connect with money, however, can vary substantially. Perhaps you are unconcerned about money. Maybe it’s a source of worries for you since your money beliefs may impact every monetary …
In all honesty, the odds are stacked against you. No matter how enthusiastic you are right now to improve your life by, say, eliminating those pricey pizzas from your budget or performing 100 push-ups every morning, the chances are more actually that your resolve will fizzle out in a few days or maybe in a few weeks …
Do you spend hours crunching figures before making a big financial decision? Do you let spread-sheets define your route to financial success? Are you using a set of guidelines for navigating your personal finances? Or do you let sentiments and other non-financial factors influence your financial decisions? If you’re looking for a unique way to …
‘I Will Teach You to Be Rich’ takes a firm stance on prudent banking, saving, spending, and investing. The book emphasizes that you do not have to be a pro to get wealthy. All you need is a strategy and a few techniques. The author, in this book, teaches you the importance of saving as early …
Before even starting this blog article, I would like to give a heads-up on how did I arrive at this figure of Rs. 50,000. In India, the median average income is Rs. 5 lakhs per annum. This arrives at approx. Rs. 50,000 per month. Hence if a person gets one month salary as his annual …
When it comes to investing, there are some important points that we need to keep in our mind. These are not the points to keep in mind only while investing or only while starting our investment journey, but should be remembered by us all along our investment journey (in fact all along our life). I …