Personal Finance

how to redeem MF

What is the process of mutual fund redemption and how to approach redemption?

Mutual fund redemption A mutual fund redemption request is the request to withdraw units (amount) from your mutual fund investments. Things to consider while submitting a redemption request. Mostly financial needs and sometimes our sentiments (fear) owing to certain market situations drive the redemption request. There are some essential things to keep in mind while …

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How to read between the interest rate of a loan

How to read between the rates of a simple flat-rate loan and not get deceived?

We all have come across advertisements offering consumer loans at flat simple interest rates. Have you ever doubted that the rates they are mentioning could be misleading? Because in the real world of finance, everything is compounding interest and never a simple interest. The story of a simple flat-rate loan Here is an example to …

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How to create a Life-long Guaranteed, Tax-free Pension Plan for your retirement whether you are a resident or an N.R.I?

Think of a time 15 years, 20 years, 25 years, or 30 years from now when you will retire and stop earning an active income but still on the 1st of every month a guaranteed sum of money gets deposited to your bank account that is completely tax-free and would continue up to 99 years …

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achieving goals through mutual funds

If you want to create wealth through mutual funds, you need to keep these things in mind

A mutual fund is one of the preferred products to invest in the equity market for the possibility to earn substantial returns. But, mere investing in mutual funds does not really guarantee higher returns and the creation of wealth. As an investor, you need to keep in mind a few things that significantly affect the …

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How to create a surplus amount of ₹ 62,400 by investing ₹ 2 lakhs a year?

E.L.S.S. (Equity Linked Saving Scheme) are tax saving Mutual funds. E.L.S.S investments are eligible for deduction in taxable income of up to ₹1,50,000 under section 80C. E.L.S.S. have the shortest lock-in period (3 years) and offers the possibility to earn higher returns compared to other tax-saving instruments. N.P.S. (National Pension System / Scheme) is a …

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LIC’s special premium plan for High Net-worth Individuals

LIC’s Jeevan Shiromani: A premium policy that combines protection, savings, attractive returns, and medical cover. Benefits 1. Survival Benefit: On the life assured surviving to each of the specified durations during the policy term, provided all due premiums have been paid, a fixed percentage of the Basic Sum Assured shall be payable. The fixed percentage for …

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LIC's Cancer Cover Plan

LIC’s Cancer Cover policy: make your finances immune to cancer

LIC’s Cancer Cover is a regular premium payment health insurance plan which provides financial protection in case the Life Assured is diagnosed with any of the specified Early and/or Major Stage Cancers during the policy term. Sum Insured Options The plan offers flexibility to choose the type of Sum Insured at the inception. Option I …

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What are Corporate Fixed Deposits and how are they different from regular FDs?

Regular FDs as we know them are fixed deposits offered by Banks and in India, one of the preferred investment options because of being considered a risk-free investment option offering fixed (non-volatile) returns. However, banks are not the only institutions offering such fixed deposits. Many non-banking financial services companies (NBFCs) (companies engaged in providing housing …

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Things about Public Provident Fund (P.P.F.) that you might not know yet and are IMPORTANT.

PPF is a guaranteed return savings scheme established by the Govt. of India with 15 years maturity period. But did you know? 1. PPF Returns are assured, but floating (can be changed every quarter) and amount invested by 5th of the month receives interest for the month. 2. Whenever the account is opened, the maturity date is calculated …

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How to choose a Debt-Mutual Fund to match the time horizon of your financial goals?

Debt Mutual Funds are a set of schemes that generate income by investing primarily in fixed income instruments like govt and corporate bonds and other money market securities. These are not linked to the equity market and are considered less risky compared to Equity Mutual Funds. You can sync debt mutual funds with your goals …

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You cannot have a winning cricket team without 11 players with different capabilities

You understand that it is quite a job for the selectors to select a WORLD-BEATER national cricket team. And it would be tougher to select the BEST Team possible if they do not follow a process and select the team based on Favoritism. let us visualize what that ideal selection process simply might look like: …

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Actions that might harm your investment plan, and delay achievement of your financial goals

Procrastination It is the root of all evil. Deferring your savings, investment, and financial planning can be detrimental to your financial health. Instead, defer any lifestyle expense that might be pushing you to defer your investment.  Start investing today and achieve your goals comfortably! Investing without a realistic goal It is destructive. Set realistic goals that are …

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2 ‘things’ that affect your equity return the most in long term and surprisingly, are in your control!

As an investor in equity, we expose ourselves to various media, to listen to and learn the ideas, the tools that talks about the past, present, and probable future of the market. But, that doesn’t seem to work enough, as we struggle to gain the equity return that we expect to earn from the market. …

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