How to make the most of the tax break in 2020?
Health problems coupled with their associated treatment expenses have been undergoing a rise in recent years especially due to poor lifestyle choices and changing food habits. We have seen that Indians self-finance 78% of their medical expenses out of which 72% comprise expenses related to purchasing medicines both before and after the procedures. This was the main reason behind the...
How To Solve The Biggest Problems With Term Insurance
Coronavirus made us realise the importance of having adequate insurance to protect our family from any unforeseen incident. We all know that life insurance gives financial protection to your family when you are no longer there to care for them. There are different types of life insurance policies to cater to your different needs. One of them is Term Insurance. Term Insurance is a...
Top 5 Insiders Helping You With Wealth Creation
Financial experts say that – Disciplined equity investing can change your life in a disciplined way! This means that the one who masters in equity investing can have a sound and safe financial future. Isn’t that great? With strong wealth creation strategies and practices, one can create their own strong financial base that could further prove to be a strong financial support for the...
Save Tax Without Investing More! How?
Tax saving without investing? Seems like a dream, isn’t it? But yes, it’s true! There are certain exemptions and certain deductions which you can claim and gain the tax savings without investing a penny. Generally, these will come in the form of a loss from a certain head of income or certain expenses. So why wait? Let’s see what all is there in store for you. Housing loan benefit...
Things To Do When Your Funds Are Underperforming!
Considering the current situation, where the market is down owing to COVID-19 pandemic, many of you must be thinking how to identify underperforming mutual funds. Although if you have invested for long term goals, short term volatility should not bother you. But still you should learn to identify underperforming funds and to take corrective action. Mutual funds have been the most amazing...
Difference between Tax Exemption and Tax Deduction
With the tax return filing season around the corner, many of you must be planning your taxes or reviewing your tax status. After putting so much effort in earning money, who likes paying taxes on their incomes? No one does, right?. But, like it or not, as per the current tax regulations, if your income is anywhere above Rs. 5 lakhs in a financial year, you would have to pay taxes. However,...
5 Essentials of a Financial Status Check List
When it comes to assessing our financial strength and weakness, many of us just remain clueless. It is partially because we are not aware of the importance of such an evaluation. Another reason for such ignorance is probably that we do not know where to begin with. Before everything else, we should know the consequences of not doing an analysis of our financial strength and weaknesses....
Understanding Systematic Transfer Plans (STP)
How many of you are familiar with STPs? I’m sure not many of you. Now with so many investment options available, people are confused in what to invest, where to invest and how to invest. Some people do not know what are the investment options available, and how to make the best use of them. You may have different goals and dreams in life, but to fund those goals is a...
How to measure risk in Mutual Funds?
While investing in mutual funds, it is important that you look at past returns, compare the returns with the benchmark, category average and it’s peers. But returns should not be the only criteria while selecting a mutual fund. One should also look at how much risk is associated with the particular scheme. Risk and return are two sides of the same coin and thus we should not ignore the...
