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…
Category: Personal Finance
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…
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…
Don’t Be Your Adult Child’s Dip-When-They-Want Emergency Fund
Parents can't be paying perennially for their adult children's money mistakes. If they do, how will their children ever grow up financially? Isn't it? And helping your children in times of need is fine. But such occurrences should be rare.…
Is Employer Group Health Insurance sufficient in India?
When it comes to health insurance, most people have only their employer’s group health insurance coverage in India. It’s like that the salaried Indians are more content with group health cover which is provided by their employers. As a result,…
NPS Rs 50,000 per year – Retirement Corpus & Pension Calculation
Even though NPS is a product designed exclusively for retirement planning, what attracts most people to NPS is Rs 50,000 extra tax benefit it offers via deduction. As per the current tax rules (2019-20), there is an additional Rs 50,000…
Returns of Direct plans are higher than Regular MF plans
I still get queries from readers asking that does it actually make sense to switch their mutual fund investments from regular plans to direct plans. The simple answer is Yes. And I also tell them that since direct plans of…
F.I.R.E – Is going Very Fast really Good?
Recently, my wife showed me an interesting tweet (link): Overrated: How fast you are able to reach financial independence. Underrated: How enjoyable is your journey on way to financial independence. I was like wow! This makes sense. She was quick…
Cost Inflation Index (CII): FY 2019-20 (AY 2020-21) for LTCG Indexation Calculation (Updated)
The Cost Inflation Index (CII) for the Financial Year (FY 2019-20) and Accounting Year (AY 2020-21) is 289. For the previous FY 2018-19, CII was 280. The CII is used to notify the rate of inflation for indexation purpose in…
Mutual Fund Vs. Portfolio Management Service (PMS) – Suitable for Whom?
Till very recently, there was a steadily growing interest among small investors about PMS. In fact, the number of queries on lines of ‘Is PMS better than mutual funds?’ saw a constant rise in the last few years. And why…
Can You Retire with Rs 1 Crore Today in India?
Recently, a friend told me that he had ‘finally’ managed to save Rs 1 crore (not including his real estate investments). And he was quite happy about this achievement as the first crore is a big milestone no doubt when…
NPS Calculator Excel-based (Free) Download
If you invest in NPS (National Pension System), then I am sure you would be interested in knowing the following: How much money you can accumulate in NPS by retirement? How much NPS retirement corpus will you have? How much…