NPS is a retirement savings product which is slowly gaining popularity in India. And when you want to invest in it, then NPS comes with 2 types of accounts - Tier I and Tier II. The NPS Tier I account…
Read More Difference between NPS Tier 1 and NPS Tier 2 Accounts
Yesterday, I was talking to a young relative of mine about how Sensex had touched 39,000 for the first time and how it had created immense wealth for investors in past years. But despite being young, this guy was somehow…
Read More Rs 90+ Lakh Anyone? A simple example of Wealth Creation from Indian Equities
Should you invest in NPS or ELSS? A question that is asked by many who are looking to save taxes and invest for returns as well. The NPS vs ELSS and which is better depends on what is the investor's…
I don’t like such questions. Is it better to invest lump sum or monthly SIP in mutual funds? A lot of people ask me such questions - whether SIP (Systematic Investment Plan) is better than lump sum investing in mutual…
Read More SIP Vs Lump sum – Which is better in Mutual Funds Investing?
Should I invest in PPF or ELSS to save taxes? This is a common question that I am asked quite often, more so during the tax saving season. Choosing between the ever so popular Public Provident Fund (PPF) and Equity-linked…
Read More PPF vs ELSS (2023) – Which is better for Tax Saving investments?
Update - The Budhet 2023 further revised the new income tax regime and increased the tax-free income limit after Section 87A rebate to Rs 7 lakh. You can read more about the difference in new vs old income tax systems…
Read More Is your Income Tax really Zero (Nil) for Rs 5 lakh income?
Rs 1 crore is still not a small amount. But whether it is sufficient or not depends on why you actually need it. So for example, if you were to ask me whether Rs 1 crore is enough for retirement?…
Read More How to use PPF to save Rs 1 Crore: Be PPF Crorepati
When it comes to buying life insurance for yourself, the best option is to go for a simple term insurance policy. Period. With that aside, your next question would be - which is the best term insurance plan to buy?…
Read More Confused with Different Types of Term Plans? Here is How to choose the Right Term Plan
Term life insurance is the most basic form of life insurance. And I can safely say that it’s the most effective and the best form of insurance. Why? Because it gives you a very high insurance coverage (sum assured)…
Read More Answers to 20 Important Questions about Term Life Insurance
That's an interesting problem. Neither 15% nor 25% can be called as bad returns. After all, risk free rates are at 8% or even less. But ofcourse, we are greedy and we prefer higher returns. Isn't it? I recently wrote…
Read More Picking a Fund with 15% p.a. in 10 years Or a fund with 25% p.a. in 3 years?
In India, home loans come with tax benefits. You already know that. And there is no denying that these tax benefits make it all the more attractive to buy property using home loans. But time and again I have seen…
Read More Home Loan Tax Benefits – How much do You Really get?
Everybody wants to become financially independent. But very few actually get there. Why? There can be various reasons but I think that achieving something like Financial Freedom doesn't just happen. It requires one to have a serious plan and more…
Read More ‘The Secret’ – How to Accelerate your Financial Freedom?
When purchasing a life insurance, people get confused whether it is wise to have a cover till just the age of 60 or to keep it till 70 or even the age of 80-85. And then if the confusion wasn’t…
Many of us aim to become financially free (or retire early). But not everyone is interested in it. You too may not be considering early retirement. But it makes a lot of sense to prepare for it anyway. Life isn't fair…
I was talking to a friend recently who was planning to buy a house. No, I did not convince him to continue staying on rent. 🙂 His life, his decision and who am I to tell people about their big decisions.…
