5 Things to do at the start of the Financial Year
The new financial year FY2022-23 is here. If you want to become disciplined with your finances, doing certain things at the start of a new financial year can simplify your financial planning needs. Here are the five things that you need to do now: 1. Analyse your asset allocation: It is essential to review your portfolio’s […]
Annuity Plans: A safer and better option for your retirement
Early retirement is something that we all aspire for. However, in the absence of social security, lack of adequate savings towards retirement and the uncertainty of the finances makes retirement planning very challenging. Your retirement kitty, irrespective of where you save it, remains at the risk of being exhausted in old age. The ultimate goal […]
Important actions before 31 March
Complete your Tax saving investments for the Financial Year Did you know? The deadline for tax-saving investments for the current Financial year is 31 Mar 2022. If you do not complete your tax-saving investments before the deadline, your tax liability for FY 2021-22 will be higher. To save taxes under sec 80C and generate wealth […]
Plan for your retirement
What is Retirement? A phase of life when you devote time to yourself and relish it with comfort and ease. Though, many relate retirement to some age, say like 54 or 60yrs. However, in reality retirement is related to an amount of corpus and has no link with age. Because, what people seek is actually financial […]
Common myths about SIP investments
Myth#1: SIP investments are only meant for small investors Since SIP investments can be made for an amount as low as ₹500, investors tend to think that this investment instrument is meant for only small-ticket periodic investments. Fact: The amount of monthly investment depends entirely upon your budget. Through a higher SIP installment, you will […]
Strategy to navigate through market crises
The military attack on Ukraine sparked a fresh bout of risk aversion because of which Indian markets witnessed a massive selloff of 5% in a day, and crude oil prices surged over 7% while gold hit the highest since early 2021. Just as the world had started recovering from the damage caused by the Covid-19 […]
Are you insured adequately? 12 step guide to check
The premium of term insurance policies has been rising and rose by almost 30% in last two years and is likely to to increase again soon. What is Term Insurance? The purpose of term insurance is to assure a stream of income to the family for when you might not be around. When you buy […]
The best gifts for your Valentine
Why give the same type of gift, year after year, when you can give a financial gift of lasting value? Discuss your financial health as a couple: Use the Valentine’s Day mushy candlelit dinner as an opportunity to openly converse about your financial health, apprehensions and aspirations. Do away with gender stereotypes and be equal […]
A retiree’s dilemma
Commutation of pension is one of the most crucial decisions that officers retired or retiring from the Indian Armed Forces have to make during premature retirement or superannuation, and the factors that need to be considered are not only financial but many intangibles. Though, there can not be a straight answer to the question, here […]
Annual portfolio review in 7 steps
Market continues to reward the proactive and agile investors who realign their investments to the developing market realities. We recommend conducting a annual portfolio review in following 7 steps:- Step 1: Check how you are doing (a) Are you on track to reach your financial goals? (b) Are you saving at least 20% of your […]