When we Indians start earning for the first time, the first brush with savings happens via EPF deductions. Your salary is automatically deducted and some amount goes towards your EPF corpus. Then comes the first tax-saving season. When we wake…
Read More 7 Best Investment Options for Salaried Indians (2022)
Recently, I was talking to a relative about how he managed money when I realized that despite being young, he was somehow not too convinced about the potential of equity for long-term wealth creation. So I thought I will try…
Read More Power of Equity – Simple example of Wealth Creation
When it comes to putting money in an emergency fund, I suggest you don’t focus on returns. I know you may feel that your money should work hard and earn good returns. But when it comes to an emergency fund…
Read More Don’t Worry about Returns from your Emergency Fund
I was recently quoted in Economic Times WEALTH (mid-July 2021) in the Q&A section where a panel of experts answers reader's questions related to any aspect of their personal finance. Here are a reader asked about what to do with…
Read More Quoted in Economic Times: Ask The Experts (July 2021)
How to earn regular income from high dividend stocks? For many, this is a dream. To have a large enough portfolio of stocks and live happily ever after on dividend income. I love dividends too. In fact, it was dividends…
The Cost Inflation Index (CII) for the Financial Year (FY 2021-22) and AY 2022-23 is 317. For the previous FY 2020-21, the CII Number was 301. The CII Number for the last 5 financial years is FY2021-22 (CII is 317),…
How large should your Emergency Fund be? And where to put your emergency fund money? These are 2 main questions that you should answer with respect to your emergency fund. Now I am sure that you know what an emergency…
Life is too short to save everything - I came across these words in the title of an interesting article (link). Immediately I knew I wanted to write on this topic. More so after my experience with Covid-19. Due to…
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…
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…
Read More Sovereign Gold Bond FY 2021-22: Series Calendar + Schedule (All Tranches)
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…
Read More How to calculate EPF interest on your EPF account balance?
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…
Read More What is Cost of Studying Abroad (in Foreign) for your Children?
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…
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.…
Read More Can you open both Sukanya Samriddhi and PPF account for Daughter?
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…
Read More Sensex at 50,000: How to manage long-term investments? (My Moneycontrol Column)
