Debunking The Eight Common Myths About Investing In SIPs
After our last blog on Importance of continuing SIPs amid Covid 19, we have received some queries on SIPs and most of the concerns were actually turned out to be myths. So we have decided to debunk those myths in today’s post. After our last blog on Importance of continuing SIPs amid Covid 19, we have received some queries on SIPs and most of the concerns were actually turned out to be...
Choosing The Best Equity Mutual Funds
Sensex crashed about 30 per cent since 20th feb 2020, falling from 41,000 level to 28,000 level, owing to Yes Bank Crisis , the Coronavirus being declared as pandemic by WHO, decline in international crude oil price. The market has been very volatile since past 1.5 month. During these falling markets it’s suggested that you should be opting the Mutual Fund route to invest fresh money in...
RBI’s 3 month EMI Moratorium: 360 degree view
Governor Shaktikanta Das had announced a 3 months moratorium on retail loans during a monetary policy presser along with the massive rate cuts to give some relief to the borrowers in this global pandemic crisis. But immediately after this announcement, the borrowers were puzzled as to how will it impact their EMIs and what should they ideally do? In this article we will try to provide you...
Tax Saving opportunity Extended Till 30th June
On 24th March 2020, FM Nirmala Sitharaman extended few tax deadlines to 30th june 2020. One of the deadlines which was extended was to do tax saving investments for FY 2019-20 which now can be done by 30th june 2020 instead of 31st March 2020. This announcement will prove beneficial for those taxpayers who were unable to invest till date specifically because of coronavirus. The extension is...
Impact of a Rate Cut on Market and Fixed Income Plans
RBI Governor, Shaktikanta Das made certain announcements today, 27th March 2020, in his presser. Everyone was expecting a rate cut and the same was disclosed but what came as a surprise that the rate cut which happened made the key indicators at its lowest in our history. The key indicators post the much-awaited rate cut are at the following levels: IndicatorCurrent RateRate cutRepo...
Saving Or Investing? Are These Two Different?
I still remember my childhood days, when my mother would give me pocket money only if I did the house chores. She would tell me that half of it, I could spend, while the other half, was put into my piggy bank or should I say ‘KHAZANA’. Well, of course, now we have banks for that. Yes, those were the good old days. I think everyone knows how important it is to save and invest, given the...
How much you are worth today?
How do we define financial success? A high salary or huge bank balance. A high salary or huge bank balance won’t make you rich. Finally, Amount left with you after paying off your debt is an important deciding factor for financial success. To know this you need to calculate your Networth.Networth helps us to know how much we have in case if we sell all our assets and pay off all the...
5 Financial Planning Mistakes To Avoid While Investing
Do you think just putting money in some investment products and getting income tax exemption is the meaning of financial planning? I am sure, many people around you actually think this is all about it. When I got my first salary, I started getting advice from my father and relatives to start investing money in small portions. In fact, many of my friends even started suggesting me some...
10 Personal Finance Tips for New Professionals
Earning income is not enough, investing and rerouting such money is most important. New professionals are mostly in the range of 20s. This is just the beginning of personal finance and if better financial planning is carried out at this phase, it would yield amazing results. This article will show how the young professionals who have just started their careers, should handle their personal...