Latest Articles View All →

How much should I save for my Retirement in India?

retirement india

By   1 week ago

When should I start planning for my Retirement? How much should I save for my Retirement in India? Can I Retire early? Can I maintain the standard of living after Retirement?  These are the questions in the minds of many like you and me. Why we are so much worried about our Retirement in India? […]

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How to invest in Direct Plan of Mutual Funds without visiting CAMS or Karvy?

invest in direct plan of mutual funds

By   2 weeks ago

Can I invest in direct plan of mutual funds,in India, without visiting CAMS or Karvy? The answer is Yes, if you are an existing investor. No, if you are a new investor. After the introduction of Direct Plans in Mutual Funds from 1st January, 2013, lots of investors are trying many options to convert their […]

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Debt Funds Vs Fixed Deposits(FD) in India

Debt Funds Vs Fixed Deposits taxation

By   3 weeks ago

What are debt funds? Are debt funds better than fixed deposits in India? Are debt funds taxable or tax free? Are debt funds a good or safe investment? There was a change in taxation in the last Budget which has made Debt Funds less attractive for Short Terms. Still Debt Funds are better than Fixed […]

Read More →

Is it the Right Time to Invest in the Equity Market?

right time to invest in the Equity market

By   1 month ago

This question is asked by many – especially those who were left out without investing in the market and sitting on the fence expecting some corrections. The bull run of around 35-40% in the last year is attracting many to the Indian Stock market. But before entering the market, please ask yourself, whether it is […]

Read More →

Why Oil Prices are Falling in India?

Why Oil Prices are falling in India

By   1 month ago

Why oil prices are falling in India? What is the impact of declining oil price on you? Is there any chance of oil price going down further? As you are aware, the price of any commodity is decided based on the demand-supply situation. In the past decade, there were lots of geo-political issues in the […]

Read More →

Annualised Return, CAGR, IRR & XIRR in Personal Finance

Annualised Return, CAGR, IRR & XIRR in Personal Finance

By   2 months ago

What is the difference between Annualised Return, CAGR, IRR & XIRR in personal finance? Why these calculations are important? Why mutual fund websites highlight their CAGR performance? But the most important question would be, what is the use of these terms in Personal Finance? I am sure that if I do not provide this in […]

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Gold Investment – Is it the right time to invest in Gold?

Gold investment Is it the right time to invest in gold

By   2 months ago

Gold investment in 2015- Is it the right time to invest in gold? Gold investment should be a part of your portfolio, but how much should be the allocation? When the prices are falling, the sales will increase. This is what happens in the case of gold in India. This is because, in India, people […]

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Switching Home Loan to SBI – Points before you Switch

Switching Home Loan to SBI, ICICI, HDFC or Switch

By   2 months ago

Are you switching Home Loan to SBI? What are the points to consider before you switch your Home Loan from one bank to another like HDFC to SBI or ICICI to SBI? Reserve Bank of India is maintaining the repo rate at 8% for a long time and the news is that the interest rate […]

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Insurance View All →

Grace Period in Life Insurance – Premiums or Payments

Grace Period in Life Insurance premiums payments

By   3 months ago

What is the Grace Period in Life Insurance? What happens when you do not pay your premiums or payments on time? What will happen if a Policyholder dies within the Grace Period? Will the Nominee get the claim or will the claim be rejected? Definition of Grace Period in Life Insurance Grace Period is the […]

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LIC Pay Direct – Payment Online without Registration

LIC Premium Online

By   4 months ago

How do I make LIC premium payment online through bill desk?  Do I have to register to make LIC premium payment online? What are the options to pay LIC premium? Can i make it through Debit Card/Credit Card like HDFC or Citibank. I am sure most of us faced this challenge. I remember the days […]

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LIC Policy Status by Policy Number-Check Online

LIC Policy Status by Policy Number

By   4 months ago

LIC policy status by policy number – How can I get it? Can I check it Online or by SMS? Is it possible to check LIC policy status without registration? You can now check LIC Policy Status by Policy Number sitting in your drawing room and it is free. There is no need to go […]

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LIC NAV, Customer Care, Online Problems & Solutions

LIC NAV

By   6 months ago

I have been getting lot of queries regarding issues pertaining to making online payments of insurance policies, generating premium receipts online, viewing LIC NAV etc.  Additionally, some of the queries were also concerned with the LIC’s customer care contact information to get in touch with the representatives to resolve their problems. This article addresses the […]

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Money Back Policy is worst as Investment?

Money Back Policy Plan LIC

By   7 months ago

You will get money on the 5th Year, 10th Year, 15th Year etc! This is the usual sales pitch of an Insurance Agent when he is selling Money Back Policy. But what is the reality? Is Money Back Policy a better Investment option? Certainly not. Money Back Policies are the worst investment. This is because […]

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Types of Claims in Life Insurance and Documents Required

types of claims in life insurance

By   7 months ago

What are various “types of claims in Life Insurance”? What are the documents required for claim settlement? What to do if your claim is rejected? The main purpose of buying a Life Insurance Policy is to ensure protection to our near and dear ones in case of any unfortunate event. Before buying a Policy, we […]

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Insurance for Investments – Good or Bad Choice

insurance for investments

By   8 months ago

“Insurance for investments” – Is it a good or bad choice? Let me start with a Car Policy. What are the benefits in your Car Insurance Policy? You can make a claim, if there is a car accident in that year and you need not spend money from your pocket for the repairs. If the car […]

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LIC Online Term Plan – e-Term Plan Launched

LIC Online Term Plan - e-Term Plan

By   10 months ago

The long wait is over and now LIC has launched an Online Term Plan named e-Term Plan. Before going into the details of the “LIC Online Term Plan”, let me explain, what is the benefit of Online Term Plan. What is a Term Plan? A Term Plan is a policy where there are no maturity […]

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Banking View All →

Switching Home Loan to SBI – Points before you Switch

Switching Home Loan to SBI, ICICI, HDFC or Switch

By   2 months ago

Are you switching Home Loan to SBI? What are the points to consider before you switch your Home Loan from one bank to another like HDFC to SBI or ICICI to SBI? Reserve Bank of India is maintaining the repo rate at 8% for a long time and the news is that the interest rate […]

Read More →

Saving Account and Current Account – Difference

Saving Account and Current Account

By   4 months ago

This post is dedicated to understand the basic difference between “saving account and current account“. These terms are the very basic pillars of a banking industry and everyone knows about it, however, let us look at these terms from a purely financial perspective. This article intends to help those people who intend to shift from […]

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Documents Required For Housing Loan

Documents Required For Housing Loan

By   2 years ago

What are the documents required for housing loan? Are documents required for housing loan different for Salaried, Self Employed and NRIs? A house to stay in is a dream for all of us. The high cost of land and the high rate of interest on housing loan are creating problems to the dreams of many. […]

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Minimum Amount Due in Credit Card – Its a Trap

Minimum Amount Due in Credit Card

By   2 years ago

What is the minimum amount due in Credit Card? How Credit Card interest rates eat away into your savings? How the minimum amount due in Credit Card works? Rahul got his first Credit Card immediately after getting his first job in a software firm. In the 2008 global crisis, he lost his job. He continued […]

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NEFT and RTGS Difference – Timing and Charges

NEFT and RTGS

By   2 years ago

To understand the difference between NEFT and RTGS, first of all, we need to know, what is NEFT and RTGS and what are its charges, timings and limits. Whenever you enter a bank these days, it is very common to hear the bank official suggesting someone to do a NEFT and RTGS and this makes […]

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PPF Account in SBI-Open Offline and Transact Online

PPF Account in SBI

By   2 years ago

How to open PPF account in SBI and why to open PPF account in State Bank of India? All of us feel comfortable in dealing with a government bank for our long term savings. For a long term savings like PPF, most of us prefer to go through Post office or SBI, though the facility […]

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Repo Rate and Reverse Repo Rate in India-2013-2014

Repo Rate and Reverse Repo Rate

By   2 years ago

We all read in newspapers about the Reserve Bank of India changing Repo Rate and Reverse Repo Rate. Stock markets keenly see the change in ”Repo Rate and Reverse Repo Rate”. Banks decide their lending rates on the basis of change in Repo Rate and Reverse Repo Rate. What is repo rate and reverse repo rate in […]

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Auto Sweep Account- High Liquidity & Interest Rates

Auto Sweep Account

By   2 years ago

What is Auto Sweep Account and how does auto sweep facility, in your saving account, help you to get high liquidity and interest rates? My friend, Sumit, got a lump sum amount of Rs. 7 Lakhs/- on his retirement. He does not want to invest this amount in any of the financial instruments as his […]

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Investment View All →

How to invest in Direct Plan of Mutual Funds without visiting CAMS or Karvy?

invest in direct plan of mutual funds

By   2 weeks ago

Can I invest in direct plan of mutual funds,in India, without visiting CAMS or Karvy? The answer is Yes, if you are an existing investor. No, if you are a new investor. After the introduction of Direct Plans in Mutual Funds from 1st January, 2013, lots of investors are trying many options to convert their […]

Read More →

Debt Funds Vs Fixed Deposits(FD) in India

Debt Funds Vs Fixed Deposits taxation

By   3 weeks ago

What are debt funds? Are debt funds better than fixed deposits in India? Are debt funds taxable or tax free? Are debt funds a good or safe investment? There was a change in taxation in the last Budget which has made Debt Funds less attractive for Short Terms. Still Debt Funds are better than Fixed […]

Read More →

Is it the Right Time to Invest in the Equity Market?

right time to invest in the Equity market

By   1 month ago

This question is asked by many – especially those who were left out without investing in the market and sitting on the fence expecting some corrections. The bull run of around 35-40% in the last year is attracting many to the Indian Stock market. But before entering the market, please ask yourself, whether it is […]

Read More →

Why Oil Prices are Falling in India?

Why Oil Prices are falling in India

By   1 month ago

Why oil prices are falling in India? What is the impact of declining oil price on you? Is there any chance of oil price going down further? As you are aware, the price of any commodity is decided based on the demand-supply situation. In the past decade, there were lots of geo-political issues in the […]

Read More →

Annualised Return, CAGR, IRR & XIRR in Personal Finance

Annualised Return, CAGR, IRR & XIRR in Personal Finance

By   2 months ago

What is the difference between Annualised Return, CAGR, IRR & XIRR in personal finance? Why these calculations are important? Why mutual fund websites highlight their CAGR performance? But the most important question would be, what is the use of these terms in Personal Finance? I am sure that if I do not provide this in […]

Read More →

Gold Investment – Is it the right time to invest in Gold?

Gold investment Is it the right time to invest in gold

By   2 months ago

Gold investment in 2015- Is it the right time to invest in gold? Gold investment should be a part of your portfolio, but how much should be the allocation? When the prices are falling, the sales will increase. This is what happens in the case of gold in India. This is because, in India, people […]

Read More →

Mid Cap and Small Cap Mutual Funds-Top/Best 5

Mid Cap and Small Cap Mutual Funds

By   3 months ago

What are Mid Cap and Small Cap mutual funds? How these funds are different from Large Cap mutual funds? What are the top/best Mid Cap and Small Cap mutual funds to invest in 2014-2015? Everybody in the Equity market knows about established companies like Reliance Industries, Infosys, and Tata Steel. But, there are many companies […]

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Mutual Funds Statement Online – Status by e-Mail

Mutual Funds Statement Online CAMS KARVY Status by email

By   6 months ago

Are you still running behind your mutual fund agent to get mutual funds statement online? Or you are still logging into individual mutual funds website, putting your folio number and getting statement. What if you lost the contact number of your mutual fund agent? How will you get your mutual funds statement? What if you […]

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Tax View All →

Section 80C Tax Exemption – Limits, Components, Deductions in Budget

Section 80C tax exemption limits component and deduction

By   4 months ago

Section 80C of Income Tax Act for tax exemption- What are the limits, components, list of deductions and tax benefits under Section 80C in 2014-2015 budget? The most popular Tax Savings instruments are listed under Section 80C of the Income Tax Act. Section 80C came into force from 1st April, 2006, replacing the earlier Section […]

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Income Tax on Salary – Slab Rates and Exemptions

Income Tax on Salary

By   4 months ago

How to calculate Income Tax on Salary in India? What are the slab rates and exemptions for Income Tax on Salary in 2014-2015? How can Income Tax be saved for Salaried Employees in India. Let us start with Income Tax slab rates: Income Tax on Salary – Slab Rates Income Tax is calculated on a […]

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Income Tax Benefits on Home Loan in India – 2014-2015 Budget

Income Tax benefits on Home Loan

By   4 months ago

How do I get income tax benefits on home loan? What if I have purchased a second house- Am I still eligible for tax benefits? What are the income tax benefits on home loan if I wish to go for Joint/construction linked loan? Housing Loan Tax Benefits -Budget 2014-2015 Increase in deduction limit on interest […]

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House Rent Allowance(HRA) – Calculation and Taxation

House Rent Allowance(HRA)

By   1 year ago

If you go through the break-up of your CTC statement, you will find a term HRA, which stands for House Rent Allowance. It is paid to compensate the employee for the rent he is paying in the absence of a company quarter. Is “House Rent Allowance(HRA)” a taxable income for you? The answer is ‘yes’ […]

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Cost Inflation Index(CII) – How can you save Tax in 2013-14?

Cost Inflation Index

By   1 year ago

What is Cost Inflation Index(CII) and how can Cost Inflation Index help you to save tax in 2013-14? Do you know that Inflation will help you in saving Tax? Confusing? Yes, the government has given certain provisions in the Income Tax rules, which will help you in saving tax to offset the effect of inflation […]

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Section 80D, 80 DD, 80 DDB and 80 U to Save Tax

Section 80D, 80 DD, 80 DDB & 80 U

By   2 years ago

Section 80D, 80 DD, 80 DDB & 80 U  are the options to reduce your tax liability, beyond Section 80 C, by saving in various tax savings instruments. Normally, all of us will limit our tax savings with Section 80C, which is known to most of us. This article is an attempt to help you […]

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Tax on Mutual Funds in India – How to Calculate?

Tax on Mutual Funds in India - How to Calculate?

By   2 years ago

How to calculate Tax on Mutual Funds in India? A Mutual Fund is more tax-friendly compared to other investments in India. This is because of the way Tax on Mutual Funds in India is calculated. If you invest Rs. 1 Lakh in bank deposit for a period of 3 years, you are liable to pay […]

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Form 15H to Save Income Tax for Senior Citizens

Form 15H

By   2 years ago

Form 15H – What is it? How can Form 15H help to save income tax for Senior Citizens? How Form 15H is different from Form 15 G? A Senior Citizen living mainly on Interest income will be looking for ways to reduce his tax burden. But, if you have savings in bank deposits, the bank […]

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Retirement View All →

How much should I save for my Retirement in India?

retirement india

By   1 week ago

When should I start planning for my Retirement? How much should I save for my Retirement in India? Can I Retire early? Can I maintain the standard of living after Retirement?  These are the questions in the minds of many like you and me. Why we are so much worried about our Retirement in India? […]

Read More →

Retirement Planning or Child’s Marriage – What is Your Priority?

Retirement Planning

By   1 year ago

If you ask this question to those having children, they will surely put Child’s Marriage as their priority. Yes, in our country, we spend a lot of money for Child’s Marriage and Child’s Education. But which is of top priority? Let us take the example of a middle-class family spending around Rs. 20,000 per month […]

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New Pension Scheme(NPS) in India

New Pension Scheme

By   2 years ago

New Pension Scheme (NPS) in India is a pension scheme regulated by Pension Fund Regulatory and Development Authority (PFRDA). NPS scheme is an excellent way of saving for your retired life. This scheme allows you to invest in equities and debt instruments during your working life to save money for the rainy day. Since this […]

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Reverse Mortgage in India-Do I need to know?

Reverse Mortgage in India

By   2 years ago

Reverse mortgage in India is slowly but surely becoming an acceptable means for the elderly to lead a dignified life through income from the home that they once built while they were earning. Mr. Menon has been retired for almost a decade now and has been living a peaceful life with his wife. However with […]

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Retirement Planning – I am only 30, Retirement is far away

Retirement Planning

By   2 years ago

My friend Sujit could not stop laughing when I asked him about his retirement planning. “Who thinks about retirement planning? I am only 30, Retirement is far away.” says Sujit. Most of us , like Sujit, having higher salaries do not believe in retirement planning. We believe in living for the day. Retirement planning, by […]

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Financial Planning View All →

Child Future Plan- How to Plan about it?

Child Future Plan

By   1 year ago

Child Future Plan-the biggest financial worry for most of the parents is how to secure their children’s future. How to fund their higher education? How to fund their marriage? In southern states, the gold transacted during marriage is in kilos and in states like Punjab; a luxury car is part of the marriage gift! Suresh […]

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What is Financial Planning-Steps and Example

What is Financial Planning

By   2 years ago

What is financial planning and what are the steps involved in financial planning? Of late, we are hearing a lot about financial planning. News papers carry articles where they explain what is financial planning and why it is required? Is financial planning is just planning of finance or is it much more than that? Let […]

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Women and Finance-Do Women avoid Finance?

Women and Finance

By   2 years ago

I never understand why women and finance do not gel well in spite of 40% of the total workforce in the world being women. Do women hate managing personal finance or they just avoid it? Sunaina, 36 has been a housewife for the past 12 years and despite having completed her M.Sc and having earned […]

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