Mutual funds in India are ideal investment options for wealth creation as well as saving for all your financial goals. But if you are an investor in these, you should be very clear about how these mutual funds are taxed…
Don’t look at Returns of NPS (Equity Scheme E) in isolation. Here’s Why?
Many NPS subscribers make the mistake of looking at just the Equity Returns of NPS and trying to make an assessment of whether NPS is giving good returns or not. But only considering returns Equity Funds (Scheme E) of NPS…
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.…
Why Fee Only Financial Planner is Best For You?
Till now, you have been getting the so-called free advice from your investment agents (more specifically MF distributors, insurance agents and IFAs). So why am I telling you that ‘Fee-Only Investment Advisor’ or ‘Fee-Only Financial Planner’ better for you? Because,…
Income Tax on Life Insurance Premiums & Maturity in India (Updated 2019-20) – All you need to Know
The real purpose of purchasing life insurance is to avoid tragic stories like this. But many still wrongly feel, that life insurance is a waste of money. But luckily and thanks to our government’s tax-saving policies, they still end up…
Investors, Driving at 210+ Kmph can Kill You
I was reading an old article titled False Profits by Jason Zweig here when I felt that it made sense to be shared with the reader here. So allow me to share parts of the article. I am sure you…
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,…
A Portrait of the Crore (Quoted in OPEN Magazine)
Recently, I got quoted a few times in a magazine named 'Open' in their Wealth Special Issue 2019. The article was titled A Portrait of the Crore. And you can read it using the below link: A Portrait of the…
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…