Financial Literacy is the key to a wealthy future
Financial Literacy in India is very poor. Every day one can hear several cases of Ponzi schemes and miss selling of financial products. What we need is to introduce our children and youth to the habit of saving and investing at an early age so that they can have...
Essence of Asset Allocation Theory
Asset allocation plays an important role in balancing risk and return preferences of an investor. A study by Ibbotson and Kaplan revealed that asset allocation explains 90% of the variability of a fund’s returns over time and 40% of the variation of returns...
All about the CPSE ETF
The Government has brought out a new offering called the CPSE ETF that is an ETF investing in 10 public sector companies. Retail investors all allowed to invest upto Rs. 2 lakhs in this. The NFO is open between 19th March and 21st March for non anchor investors. You...
Let us get introduced to Money
It is important for children to learn about money. Money is a medium of exchange for goods and services. It helps us to set the value of different things. In India, the RBI is responsible for printing currency notes and minting coins. Download PDF Home is a...
Financial Benefits to Senior Citizens
Senior citizens are offered various financial and non-financial benefits. Higher basic exemption limits on Income tax, higher deductions in certain provisions of the Income Tax Act, higher interest rates on fixed deposits, cheaper railway and air tickets in the form...
Do you have a real currency note or a fake one?
Fake Indian Currency Note (FICN) is a term used by officials and the media for fake currency notes circulated in India. According to Wikipedia, in the year 2011-12 alone, RBI had detected Fake Indian Currency Notes (FICN) of various denominations in the banking system...
Additional burden while selling your immovable property
In the Finance Bill this time the Finance Minister Mr. P. Chidambaram proposed a withholding tax @1% to be deducted by every buyer from any amount payable to the resident seller if the sale consideration for transfer of immovable property, other than...
Long Term Capital Gains on Real Estate
What does it mean - When you sell a property at a profit, any time three years after purchasing it, the difference between the sale price and the purchase price will be treated as long term capital gains. What is the sale value - The sale value will be the...
Money and Movies
Let us admit personal finance planning is not an easy task. We have to read a lot, understand, plan, execute the plan and ensure that we are up to date with the latest in personal finance - be it taxes, budget announcements or bank interest rates. Some of us like...
Do you have a real currency note or a fake one?
Fake Indian Currency Note (FICN) is a term used by officials and the media for fake currency notes circulated in India. According to Wikipedia, in the year 2011-12 alone, RBI had detected Fake Indian Currency Notes (FICN) of various denominations in the banking system...
Additional burden while selling your immovable property
In the Finance Bill this time the Finance Minister Mr. P. Chidambaram proposed a withholding tax @1% to be deducted by every buyer from any amount payable to the resident seller if the sale consideration for transfer of immovable property, other than...
Long Term Capital Gains on Real Estate
What does it mean - When you sell a property at a profit, any time three years after purchasing it, the difference between the sale price and the purchase price will be treated as long term capital gains. What is the sale value - The sale value will be the...
Money and Movies
Let us admit personal finance planning is not an easy task. We have to read a lot, understand, plan, execute the plan and ensure that we are up to date with the latest in personal finance - be it taxes, budget announcements or bank interest rates. Some of us like...
Antoine de Saint-Exupéry
A goal without a plan is just a wish!