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…
Category: Personal Finance
NPS Vs. ELSS: Which is better?
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…
SIP Vs Lump sum – Which is better in Mutual Funds Investing?
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…
PPF vs ELSS – Which is better for Tax Saving investments?
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…
Is your Income Tax really Zero (Nil) for Rs 5 lakh income?
Budget 2019 initially proposed something that excited millions of Indians - No income tax on Rs 5 lakh income. It seemed that the zero percent (0%) income tax slab was indeed increased to Rs 5 lakh in India. But when actual…
How to use PPF to save Rs 1 Crore – Be PPF Crorepati
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?…
Confused with Different Types of Term Plans? Here is How to choose the Right Term Plan
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?…
Answers to 20 Important Questions about Term Life Insurance
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)…
Picking a Fund with 15% p.a. in 10 years Or a fund with 25% p.a. in 3 years?
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…
Home Loan Tax Benefits – How much do You Really get?
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…
‘The Secret’ – How to Accelerate your Financial Freedom?
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…
Till what Age should you take Life Insurance?
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…
Involuntary Early Retirement?
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…
Choosing & Managing a Home Loan Wisely
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.…
How to build your Mutual Fund Portfolio from scratch?
Perfect Mutual Fund Portfolio. Yes I know that you are looking for exactly that. 😉 But you need to understand that there is no such thing as a ‘perfect mutual fund portfolio’. There can be numerous reasonably good portfolios, and…