Remember SEBI’s Mutual Fund Categorization exercise of 2018? The primary purpose of that monumental exercise was to bring uniformity between schemes offered by different Mutual Fund Houses and to reduce investor’s confusion, thereby helping investors to easily understand schemes and…
How Credit Card Due Interest is Calculated?
If you use credit cards in India in 2020, then let me ask you a few things. Have you ever thought about how is credit card bill calculated? Do you know how interest is calculated on credit card outstanding dues?…
Why paying ‘Minimum Amount Due’ on Credit Card is Wrong?
Do you know What is Minimum Amount Due in Credit Card? If you are a credit card user and you don’t know that, then chances are that you are in trouble. And if you are one of those who just…
Prepayment Strategy if you have Multiple Personal Loans
Do you have multiple personal loans? Hmm…. And do you now feel a little bogged down with all those EMI payments every month? It’s natural to feel that way, even if you had been careful in choosing personal loans when…
First Life Insurance. Then Invest.
Imagine you are the father of a newly born daughter. And since your spouse is a housewife and your parents are retired, you know you are the only one bringing money on the family’s table. Given your responsibilities and understanding…
What is NPS + How NPS Works in India: Detailed Guide (Updated 2020)
Note - This is a super long post. You may want to bookmark it if you want to read it later. When it comes to retirement planning in India, the NPS or National Pension System is slowly getting more and…
VPF Vs PPF: Which is better in 2020?
Voluntary Provident Fund or Public Provident Fund in 2020. Difference between VPF Vs. PPF and how to choose between the two? This was a dilemma when even I joined my salaried job for the first time more than a decade…
Bharat Bond ETF: All You Need To Know. Worth Investing?
The name is Bond... Bharat Bond ETF! Sorry. I couldn’t stop myself from saying that. 😉 But the correct name of India’s first corporate bond exchange-traded fund (ETF) is Bharat Bond ETF and was launched in December 2019. This is…
Health Insurance alone Not Sufficient for Old Age
Many people 'hope' that their health insurance plans will be sufficient to take care of post-retirement health and medical expenses. But this 'hope' may not last for long. I wrote an article on this topic sometime back. Why Having only…
Latest Mutual Fund Taxation Rules (2019-2020): How Mutual Funds are taxed in India?
Mutual funds in India are ideal investment options for wealth creation as well as saving for all your financial goals. But if you are an investor in these, you should be very clear about how these mutual funds are taxed…
Don’t look at Returns of NPS (Equity Scheme E) in isolation. Here’s Why?
Many NPS subscribers make the mistake of looking at just the Equity Returns of NPS and trying to make an assessment of whether NPS is giving good returns or not. But only considering returns Equity Funds (Scheme E) of NPS…
Difference between NPS Active & Auto Choice (Updated 2019-20)
As you already know, the National Pension System or NPS is designed to save for retirement by making a contribution during the work life. Though most people still don’t give retirement planning the importance it deserves (read why?), the government…
Retirement vs Child’s Future
The biggest question of your financial lives. Isn't it? I know that you already have an answer in your mind for this. But is it the right answer? I wrote an article on this topic sometime back. Both retirement and…
NPS Exit & Withdrawal Rules & Taxation (Latest 2019 2020 – Updated)
The National Pension System (or NPS) is a retirement savings product that allows investors to invest in equity and debt as a means for proper retirement planning. And it is aimed at providing a pension at the time of retirement…
Don’t Invest in PMS just because You have Rs 25 lakh (or 50 lakh)
(Update - November 2019: PMS minimum investment size has been increased to Rs 50 lac by SEBI. Please read the following article in that light.) The minimum ticket size for PMS investments is Rs 25 lakhs. But that doesn’t mean…