Positive Pay System – Is it a new positive for banking?
What is Positive Pay System? ‘Positive Pay’ system is a new ruling implemented by RBI. It is a measure to protect cheque-based transactions from fraud. Under this system, re-confirmation of key details may be needed for cheque-based transactions amounting to more...
Should I diversify my portfolio with international investments?
Portfolio diversification is a strategy whereby an investor invests in a variety of assets that have different features. The strategy is used to minimize risk and maximize returns. On an average, investment portfolios composed of different kinds of investments yield...
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...
How Can I Earn Passive Income
Summary: Passive income is money earned from a source other than your job, contract or business. It adds to your income and supports you in tough economic conditions. With passive income, you achieve your financial goals sooner. Rental income, royalties, earnings from...
Should I File Returns Under the New Tax Regime Or Old Tax Regime
Summary: The new tax regime offers lower tax slabs. But many deductions and exemptions available in the old tax regime cannot be availed of. In the new regime, you will have the freedom to invest in any instruments without worrying about tax benefits. But the old...
Should I Buy a COVID-19 Health Insurance Policy?
Summary: Insurance companies are offering COVID-19 health insurance policies. They are fixed benefit plans that accept claims for diagnosis for COVID-19 related illness. It is better to buy a comprehensive medical policy and these specific plans are to be...
Are Investments in Debt Funds Safe?
Summary: Retail investors are worried about their investments in debt funds after the closure of six debt schemes of Franklin Templeton. Risk, YTM, investment portfolio, and maturity are factors to consider while selecting a debt fund. Evaluate and monitor your debt...
Why Should I Review My Financial Plan
Summary: A review of the financial plan is necessary to be financially on track. Changes such as inheritance, loss of job, marriage, the birth of a child, retirement, lifestyle modifications will affect your financial health. Revisit your financial plan in case of...
Should I File Returns Under the New Tax Regime Or Old Tax Regime
Summary: The new tax regime offers lower tax slabs. But many deductions and exemptions available in the old tax regime cannot be availed of. In the new regime, you will have the freedom to invest in any instruments without worrying about tax benefits. But the old...
Should I Buy a COVID-19 Health Insurance Policy?
Summary: Insurance companies are offering COVID-19 health insurance policies. They are fixed benefit plans that accept claims for diagnosis for COVID-19 related illness. It is better to buy a comprehensive medical policy and these specific plans are to be...
Are Investments in Debt Funds Safe?
Summary: Retail investors are worried about their investments in debt funds after the closure of six debt schemes of Franklin Templeton. Risk, YTM, investment portfolio, and maturity are factors to consider while selecting a debt fund. Evaluate and monitor your debt...
Why Should I Review My Financial Plan
Summary: A review of the financial plan is necessary to be financially on track. Changes such as inheritance, loss of job, marriage, the birth of a child, retirement, lifestyle modifications will affect your financial health. Revisit your financial plan in case of...
Antoine de Saint-Exupéry
A goal without a plan is just a wish!
