Having a credit card to use in case of emergencies sounds like a good idea. But many people make the mistake of relying only on the undrawn limit of their credit cards for emergencies. They choose to believe that credit…
Category: Personal Finance
Sovereign Gold Bond FY 2021-22: Series Calendar + Schedule (All Tranches)
When is the next Sovereign Gold Bond scheme? Or you may ask: Sovereign Gold Bond scheme 2021-22 Sovereign Gold Bond Dates 2021-22 Sovereign Gold Bond scheme 2021-22 dates The Sovereign Gold Bond Scheme FY 2021-22 calendar or, also called as…
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How to calculate EPF interest on your EPF account balance?
If you are a salaried employee, then chances are that you have an Employee’s Provident Fund (EPF) account that you regularly make contributions from your salary deductions. You might know what the latest EPF interest rates are, but do you…
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What is Cost of Studying Abroad (in Foreign) for your Children?
Want to send your child overseas for studies? As parents, many of you might want your children to go abroad for higher studies. Isn't it? However, higher education in foreign countries can be an expensive goal. Though it varies from…
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Rs 1 Crore corpus with tax-saver ELSS Funds
Many people have a goal like that - to have Rs 1 crore corpus someday. Its another matter whether it would sufficient or now (read why here). But most Indians focus more on tax-saving that anything else in their financial…
Can you open both Sukanya Samriddhi and PPF account for Daughter?
Two readers mailed me similar queries: Can I open Sukanya Samriddhi Account as well as a PPF account for my girl child? and Should I choose Sukanya Samriddhi Yojana or PPF when investing for my daughter? The answer is simple.…
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Sensex at 50,000: How to manage long-term investments? (My Moneycontrol Column)
The Sensex has been flirting with the psychological level of 50,000 for some time now and has been quite volatile in recent weeks. Even though 50,000 is just a number, the fact that the market is up 100% since March…
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No Rate Cut: EPF Rate unchanged at 8.50% for FY2021
If you are an EPF subscriber, you would want to know that What is the EPF interest rate for 2020 21? The answer is here now. In a relief to crores of employees, there has been no interest rate reduction…
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Home Loan Rates below 6.7%. Should you buy a house now?
Home loan rates in India have been low for some time now. Compared to a time just a few years ago when rates were 8-9%, right now these are even below 7%. Just yesterday I was reading that country’s largest…
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Gold down 15-20% from peak. Is it time to buy gold?
Gold did pretty well in 2020 with more than 25% returns. The pandemic of 2020 caused severe economic restrictions across the world that created doubts about the future (of life as we knew it) in the minds of investors. A…
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(Quoted: Hindustan Times) – Look beyond Physical Gold (towards Gold Bonds & ETFs)
I recently got quoted extensively in the national daily paper Hindustan Times. It was for their coverage on how Indian investors should now look beyond buying physical gold to invest in the golden asset. It talks about how you can…
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Petrol at Rs 100/litre and You!
For a country like ours, the prices of petrol and diesel can be a touchy subject. I am no economist but nevertheless, I just felt like addressing this burning topic about rising petrol-diesel prices and how it matters (or doesn’t)…
Applying for a Credit Card? How to choose Best Credit Card in India (2021)?
When it comes to choosing the right credit card in India, it’s a really tough job. There are hundreds of choices. And as banks see increasing demand for the same, the choices will only increase going forward. The enormousness of…
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Is taxable PF interest (Rs 2.5 lakh) rule applicable to PPF?
The Budget 2021 has proposed that from April 2021, interest on any contribution above Rs 2.5 lakh per year in PF will be taxed. There is some confusion among a few people that will this rule also apply to the…
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ULIP vs Mutual Funds: ULIPs lose tax arbitrage (Budget 2021)
So after the new announcement in Budget 2021, that ULIPs will be taxed liked MFs if annual premium exceeds Rs 2.50 lakh and hence, ULIPs no longer offer the tax arbitrage that was pushed by ULIP sellers till now. Just…
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