Importance of Diversification
Usually, we invest in instruments that offer high returns. But as there is a well-known phrase that “Do not put all your eggs in one basket”, one should be cautious in making an investment decision. When you invest by just looking at high returns, you expose yourself to high risk as well as high return comes attached with high risk. This is where diversification of a portfolio helps....
Why Do You Need Insurance Along With SIP?
Just the other day, I had a word with one of my friends, Nikita over the phone. Talking on the phone was the only feasible option as I could not meet her because of the country wide lockdown owing to COVID-19. She was going on about, how her life is set and how she’s managing her money well to fund all her goals. So I asked her if she has insurance, her reply was a common one that...
Income Tax Benefits in 2020: The HUF Advantage
HUF or Hindu Undivided Family is a unique taxable entity which is existing only in India. This entity is taxed independently from its members. This entity can be created by Hindus as well as by Sikhs, Jains and Buddhists also. Let’s see how it can be advantageous from a taxation perspective. How to create HUF The moment you are married, HUF is automatically created, however, it should...
SIP-Tool to Build Wealth Through Mutual Funds
Looking at the current market situation, you might feel this is not the right time to invest as the markets are volatile due to slow economic conditions owing to global spread of deadly coronavirus. The impact has aggravated in most sectors due to extended lockdown in the country which is now at a stage of phased unlock.However, to create wealth for the long term, this would be the best time...
7 Reason Why You Should Buy Insurance
INSURANCE! What comes to your mind when you think about insurance? Is it returns and investment? Well all these things are a part of the policy, but what is the actual meaning of ‘insurance’? Insurance covers ‘risk’. We can’t predict the future, so the possibility of an uncertainty happening with our life remains. Insurance was introduced to cover the risk...