Should I Invest In International Mutual Funds?
Summary: International Mutual Funds invest in equity and equity-based securities outside of India. They offer equity diversification, currency hedge, and chances of better returns. Invest in them considering their portfolio, your risk appetite, and your financial...
Pradhan Mantri Vaya Vandana Yojana (PMVVY) versus RBI Floating Rate Bonds
Summary: The PMVVY is an investment scheme wherein senior citizens can avail of a pension for 10 years. The current interest rate offered is 7.4%. The RBI Floating Bonds are of seven years tenure and currently offer 7.15%. They are available for all citizens. Returns...
Should I Avail Of The EMI Moratorium From Banks
Summary: RBI announced that banks and other lending institutions have to offer a 3-month EMI moratorium. It means borrowers can defer payment of EMIs from March 1, 2020 - May 31, 2020 in the light of the coronavirus outbreak. If you are unable to manage your EMIs,...
Financial Measures To Handle The COVID-19 Threat
Summary: The coronavirus outbreak has created a tough economic environment. Some financial measures have been announced to hopefully ease the financial situation for the common man. The RBI decreased the repo rate and reserve rate. It has offered a 3-month...
Protect Your Money From Your Bank
Summary: Recent events related to PMC Bank and Yes Bank have shown that our money is not entirely safe in banks. Unfortunately, the insurance cover for depositors is not enough to cover every individual's entire deposit. Depositors therefore have to take steps to...
Capital Gains and Taxation on Sale of Property
Summary: Capital gains earned on sale of house property can be classified as short-term or long-term capital gains. Short-term capital gains are taxed as per the income tax slab rate and long-term capital gains are taxed at 20% after indexation. There are provisions...
Declutter Your Financial Life This Diwali
Executive Summary: As Diwali approaches, we get busy in cleaning up the house, purchasing new things and festivities. Do take some time to organize your financial life too. Get rid of unwanted bank accounts, credit cards and insurance policies. Reduce debt,...
Money Saving Tip – Home Loan Linked Current Account
Would you like to reduce your home loan interest cost and at the same time save on the taxes on your liquid fund investments?Few banks provide home loans with a linked current account. Any balance kept in this current account earns the same rate of return as that of...
Do You Have A Two Wheeler Insurance?
Executive Summary: Third party insurance for two-wheelers is compulsory. There are many policies available in the market issued by private and public insurers. We have given details of three insurance policies here. Most policies offer similar terms and conditions....
Capital Gains and Taxation on Sale of Property
Summary: Capital gains earned on sale of house property can be classified as short-term or long-term capital gains. Short-term capital gains are taxed as per the income tax slab rate and long-term capital gains are taxed at 20% after indexation. There are provisions...
Declutter Your Financial Life This Diwali
Executive Summary: As Diwali approaches, we get busy in cleaning up the house, purchasing new things and festivities. Do take some time to organize your financial life too. Get rid of unwanted bank accounts, credit cards and insurance policies. Reduce debt,...
Money Saving Tip – Home Loan Linked Current Account
Would you like to reduce your home loan interest cost and at the same time save on the taxes on your liquid fund investments?Few banks provide home loans with a linked current account. Any balance kept in this current account earns the same rate of return as that of...
Do You Have A Two Wheeler Insurance?
Executive Summary: Third party insurance for two-wheelers is compulsory. There are many policies available in the market issued by private and public insurers. We have given details of three insurance policies here. Most policies offer similar terms and conditions....
Antoine de Saint-Exupéry
A goal without a plan is just a wish!
