Latest Articles View All →

Mutual Funds Statement Online – Status by e-Mail

Mutual Funds Statement Online CAMS KARVY Status by email

By   3 days 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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LIC NAV, Customer Care, Online Problems & Solutions

LIC NAV

By   7 days 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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Large Cap Equity Mutual Funds – Top/Best 5

Large Cap Equity mutual Funds Top 5

By   1 week ago

It’s raining returns in mutual funds!!!  Are you still investing in other investment avenues like fixed deposits (FD), recurring deposits (RD), and traditional insurance products?  If so, then why not invest in mutual funds? Have you heard of the term Large Cap Equity Mutual Funds?  What does the term signify?  Why should we be investing […]

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Money Back Policy is worst as Investment?

Money Back Policy Plan LIC

By   3 weeks 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   4 weeks 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   2 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   3 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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Surrender Value and Paid up Value in Life Insurance

surrender value and paid up value

By   4 months ago

What is the meaning of Surrender value and Paid up value in Life Insurance ? How do we calculate “Surrender value and Paid up value” of a Policy ? What is the difference between these values ? Ajay paid 3 years premium in his Endowment Policy. He then realised that this policy is not a […]

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Insurance View All →

LIC NAV, Customer Care, Online Problems & Solutions

LIC NAV

By   7 days 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 […]

Read More →

Money Back Policy is worst as Investment?

Money Back Policy Plan LIC

By   3 weeks 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 […]

Read More →

Types of Claims in Life Insurance and Documents Required

types of claims in life insurance

By   4 weeks 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 […]

Read More →

Insurance for Investments – Good or Bad Choice

insurance for investments

By   2 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 […]

Read More →

LIC Online Term Plan – e-Term Plan Launched

LIC Online Term Plan - e-Term Plan

By   3 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 […]

Read More →

Surrender Value and Paid up Value in Life Insurance

surrender value and paid up value

By   4 months ago

What is the meaning of Surrender value and Paid up value in Life Insurance ? How do we calculate “Surrender value and Paid up value” of a Policy ? What is the difference between these values ? Ajay paid 3 years premium in his Endowment Policy. He then realised that this policy is not a […]

Read More →

Anmol Jeevan II and Amulya Jeevan II – LIC New Term Policy

Anmol Jeevan II and Amulya Jeevan II

By   4 months ago

What are Anmol Jeevan II and Amulya Jeevan II? How do these plans differ from other plans in the market?LIC offers 2 term plans named Anmol Jeevan II and Amulya Jeevan II. Are “Anmol Jeevan II and Amulya Jeevan II“ expensive than other Term Plans in the market? You see a lot of articles in the […]

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Health Insurance for Senior Citizens in India

Health Insurance for Senior Citizens

By   4 months ago

Which is the best “Health Insurance for Senior Citizens” in India? What is the best Insurance Policy for your Parents? Can I take it without Medical Test or if the age is more than 65/70/75/80 years. My friend Deepak is in financial trouble these days. Reason, his father is hospitalised and is undergoing treatment for […]

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Banking View All →

Documents Required For Housing Loan

Documents Required For Housing Loan

By   1 year 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   1 year 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   1 year 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   1 year 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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Difference between Saving Account and Current Account

Saving Account and Current Account

By   2 years 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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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 →

Mutual Funds Statement Online – Status by e-Mail

Mutual Funds Statement Online CAMS KARVY Status by email

By   3 days 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 […]

Read More →

Large Cap Equity Mutual Funds – Top/Best 5

Large Cap Equity mutual Funds Top 5

By   1 week ago

It’s raining returns in mutual funds!!!  Are you still investing in other investment avenues like fixed deposits (FD), recurring deposits (RD), and traditional insurance products?  If so, then why not invest in mutual funds? Have you heard of the term Large Cap Equity Mutual Funds?  What does the term signify?  Why should we be investing […]

Read More →

Investment in Mutual Funds – Online and Offline

Investment in Mutual Funds

By   5 months ago

Investment in Mutual Funds in India – How to do it offline and online ? What is KYC ? How can I do my KYC? Which Mutual transactions are permitted online? We are living in an era where we can buy almost everything Online. We can order food online, pay our bills online and book […]

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Direct Plan of Mutual Funds (MF) in India – How to Invest?

Direct Plan of Mutual Funds

By   5 months ago

What is Direct Plan of Mutual Funds(MF) in India? How to invest in “Direct Plan of Mutual Funds”? SEBI, the market regulator has come out with one more investor-friendly measure from 1st January, 2013  ̶  Direct Plan of Mutual Funds. Earlier, SEBI was in the news when it abolished the Entry Load in Mutual Funds. […]

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PPF Withdrawal Rules – Loan, Form and Interest Rates

PPF Withdrawal Rules

By   6 months ago

What are PPF withdrawal rules in India? What are interest rates on PPF? Where can I get the PPF withdrawal form? Can I take a loan from my PPF account?How can I save tax by investing in PPF? What is the maturity period of PPF? What are the minimum and maximum limits of investing in […]

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PF Balance Online in India – Check Status by SMS

PF Balance Online Check Status

By   6 months ago

PF balance online in India- How to check the status? Where can I get the latest information about my PF balance status? Can I receive my PF account balance inquiry through SMS? All salaried employees where the organization they are employed with, maintains their account with the Employee Provident Fund organization (EPFO) can check their […]

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ELSS Mutual Funds in India – FY 2014-2015

ELSS Mutual Funds

By   7 months ago

What does ELSS mean? Which are the best/top performing “ELSS Mutual Funds” in India for FY 2014-15? Why do we call it Tax Saver Mutual Funds? What are the tax exemptions, we get under ELSS Mutual Funds? What are different types of options to choose while investing in ELSS? We are again into another tax […]

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SIP, STP , SWP in Mutual Funds

SIP-STP-SWP in Mutual FUnds

By   10 months ago

What is SIP, STP and SWP in Mutual Funds? Mutual Funds are flexible and transparent investment options for you to invest as per your risk profile. You can invest in equities, debt, gold etc in the ratio of your choice through Mutual Fund route. These are tax-friendly options too compared to other investments.  Here, your […]

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Tax View All →

House Rent Allowance(HRA) – Calculation and Taxation

House Rent Allowance(HRA)

By   7 months 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   11 months 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   1 year 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   1 year 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   1 year 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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Capital Gain Tax in India – Long Term and Short Term

Capital Gain Tax in India

By   1 year ago

The profits or gain made from the transfer of a capital asset in the previous year are taxable under the head Capital Gain. The rate of Capital Gain Tax in India is different for different types of Capital Gain. Capital Gain Tax in India is broadly divided into two categories: Short Term Capital Gain(STCG) Long […]

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Income Tax on Salary – Slab Rates and Exemptions

Income Tax on Salary

By   1 year ago

How to calculate Income Tax on Salary? What are the slab rates and exemptions for Income Tax on Salary? 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 on Salary is calculated on a slab system. […]

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Tax on Gift in India – Limits and Rules

Tax on Gift in India

By   1 year ago

What are the limits of Gift Tax in India? Do I need to pay tax on gift in India? What are the Income Tax rules on gifts received? Receiving gifts is a habit from our childhood and we cherish those memories. But do you know that certain gifts have tax implications. While the Income Tax […]

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Retirement View All →

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

Retirement Planning

By   8 months 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   1 year 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   11 months 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   1 year 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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