The Voluntary Provident Fund (VPF) – A Comprehensive Guide
For individuals aiming to maximize their savings while enjoying significant tax benefits, the Voluntary Provident Fund (VPF) presents an attractive option. The VPF, a government-backed scheme, extends beyond the mandatory Employees’ Provident Fund (EPF), offering enhanced returns and flexible investment opportunities. This comprehensive guide covers everything you need to know about...
What is Insurance, Types Of Insurance, And Which One You Should Choose?
Insurance stands as a pillar of financial security, offering protection against unforeseen events that could otherwise lead to significant financial hardship. From safeguarding our health to securing our homes and vehicles, insurance plays a crucial role in providing peace of mind. Navigating the diverse landscape of insurance options can be complex, which is where financial advisors step...
Bangladesh Crisis – Impact on Indian stocks and sectors
What Exactly Happened? Protesters in Bangladesh took to the streets against a quota system that gives 56 pct of government jobs to certain groups, including 30 pct to descendants of fighters who fought in the 1971 War of Independence. This seriously reduced the opportunities available to the youth, furthering unemployment. Under immense pressure from an earlier student mobilization over...
The 50/30/20 Rule: How Can It Help You Master Financial Stability?
Navigating personal finances can often feel daunting, but achieving financial stability and planning for the future becomes much more manageable with the right strategies. One such effective strategy is the 50/30/20 rule, a straightforward guideline that can transform the way you manage your money. This rule offers a clear blueprint for handling your finances, ensuring you strike the...
Difference Between Term Insurance And Life Insurance
In the labyrinth of financial planning, securing your future often involves a critical decision: choosing between term insurance and life insurance. These two stalwarts of the insurance world offer distinct advantages, making the decision a pivotal one. Let’s unravel the mysteries of term insurance and life insurance, guiding you toward the path that best safeguards your financial...
Fixed Deposit Returns vs. Other Asset Classes Returns
Navigating today’s complex financial landscape can be daunting, with choices ranging from stocks and mutual funds to gold and fixed deposits (FDs). Amidst market volatility, experts advocate for constructing a diversified portfolio, leveraging assets like stocks or mutual funds to weather fluctuations. Gold serves as a stable diversifier, less susceptible to financial tightening,...
Why UAE NRIs Don’t Pay Capital Gains Tax On Mfs In India
Non-resident Indians (NRIs), particularly those residing in the United Arab Emirates (UAE), enjoy significant tax benefits on their investments in mutual funds (MFs) in India. These benefits stem from a Double Taxation Avoidance Agreement (DTAA) signed between India and the UAE, providing relief from capital gains taxation. However, navigating these benefits requires a thorough...
Sovereign Gold Bond | Features and Eligibility
The modern investor’s solution to these challenges lies in Sovereign Gold Bond (SGBs), an innovative investment avenue issued by the Government of India. In India’s rich culture, gold is highly valued as a symbol of wealth, tradition, and culture. While the allure of physical gold is undeniable, it brings forth challenges ranging from storage concerns to issues of purity and...
Evolving Landscape of Financial Advisory in India
In the ever-evolving landscape of financial advisory services in India, a multitude of factors is coming together to bring about substantial transformations. The industry is being reshaped by the influence of technology, shifts in regulations, and a steadfast commitment to inclusivity. These collective forces are instrumental in defining the current state of the advisory landscape, marking...