ETFs are a sound investment plan, offering a cost-effective avenue to participate in the stock market, providing exposure without the burden of high expenses. Listed on exchanges and traded similarly to stocks, they provide liquidity and real-time settlement. Notably low-risk, ETFs replicate stock indices, presenting a diversified investment approach, in contrast to concentrating on a...
When it comes to saving taxes, most taxpayers are already aware of the common deductions available under Section 80C of the Income Tax Act, such as ELSS, PPF, NPS, Home Loan Interest, or HRA. But apart from these, there are several lesser-known tax saving options that can further maximize your savings by reducing your tax liability. In this blog, we will discuss top tax saving...
Having too many options can often create confusion. The same goes for investments. With so many investment options and strategies, it can be difficult to understand which is the right approach for you. While there are dozens of thumb rules for investing, let us go through the common top 5 thumb rules of investing. What is a Thumb Rule? It is an idea or principle that guides you...
Discovering tax-saving investment options may not be as easy as it seems, because, along with tax benefits, you also need to find an ideal investment avenue that generates good returns and aligns with your long-term wealth creation objectives. Section 80C provides a list of investment options under which you can claim a deduction of up to Rs. 1.5 lakhs. There are several investment options...
Salary day is undoubtedly the most awaited day of the month. Every month you decide that you will save as much as you can by avoiding unnecessary expenses. However, it becomes difficult to prevent certain unpredictable expenses and you are often left with little to no savings by month-end. We’ve all been there. Savings are a basic yet crucial part of financial management....
With each passing day, as we are getting closer to hitting a possible global recession, many investors remain clueless about the appropriate approach they must take with regards to their investment strategies. As the problem of inflation has been causing a ruckus for every common man’s budgeting plan of action, the concept of new investments seems beyond reach. Even though a large...
Introduction In the 2022 annual budget, our Finance Minister announced that the government proposes to issue sovereign green bonds with the aim of deploying resources for green infrastructure. The proceeds will be deployed in public sector projects to help reduce the economy’s carbon intensity. Our Finance Minister, Ms. Nirmala Sitharaman, approved the final sovereign green bonds...
Turmoils faced by major economies US Inflation in the US is at a 40-year all-time high, and the pace of GDP growth is anticipated to weaken from its current high levels to 2.5% in 2022 and 1.2% in 2023. Supply disruptions may take some time to ease completely, especially given the impacts of the war in Ukraine and COVID-related lockdowns in China. Wage growth will stay strong, as...
Diwali is around the corner and we all are excited to share the festive happiness by giving special and personalized gifts to all our near and dear ones. While gifting is an important part of this wonderful festival which adds to the excitement and enthusiasm, this Diwali, why not make the most of the auspicious mahurat trading and gift yourself the joy of long-term returns? Though the...
The investment panorama has undergone drastic changes over the last decade, especially during the post-pandemic period. The fusion of technology and money management has brought about exciting investment options that many investors may sometimes find difficult to understand and are also unaware of. Here, we will look at hot and new-age investment options available to investors to...