Blogs

Know Impact of Budget on your House Hold Budget/Finance

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Impact of Budget on your House Hold Budget/Finance Yesterday Modi Government Presented Interim Budget 2019 as there are election scheduled during April-May 2019. Let Help you Understand what could be likely impact of Various Tax related Provisions on your House hold Budget ;   1.      Tax Rebate upto 5 Lakh of Income :  This means those whose Taxable income is 5 lakh or less will have to pay nil tax for Financial year 2019-20.  This be...

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Post Retirement Investments Options

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Post Retirement Investments Options :Investors who have retired can invest their retired corpus into following investment options based on their income requirements and Tax Situations ;1. Senior Citizen Savings Scheme (SCSS)The Senior Citizen Saving Scheme allows you to invest your hard-earned retirement corpus in a safe product and offers the benefit of quarterly interest payment (payable on the first working day of April, July, October and January). You can invest a one-time fixed sum in the SCSS, for a steady source of income.It is a suitable investment that can be held by any retiree (single or joint with spouse) aged 60 years and above for a term of 5 years. An individual of the age between 55 years and 60 years who have retired on sup...

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Protect your Important Documents by Digitising them….

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Protect your Important Documents by Digitising them….While shares have been held in dematerialised form for many years now, bonds, NCDs, mutual fund units and Sovereign Gold Bonds have option to hold in demat mode in the last couple of years. The benefits of holding your financial assets in electronic, dematerialised form are many. Firstly, they are safer that way and you need not worry about theft, forgery, loss or misuse. Secondly, owning assets in electronic form also makes them portable and non-location specific. Natural Calamities like Floods/Earthquake may damage the property documents stored in your bank locker/steel cupboard. While Riots, a man created calamity, can damage your important documents. But acts of god simpl...

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What to do in current Equity Market Conditions?

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What to do in current Equity Market Conditions?Markets are down and volatile since mid January this year after a bumper calendar year 2017. The Major Reasons/Factor for this are ;1. Markets typically price 1-2 years forwards company earnings and due to higher liquidity i.e more funds getting invested into Equity markets, markets have outpaced company earnings in 2017 and hence a correction was due and is a healthy correction.2. Before markets come out from correction phase as explained in 1 above, crude prices have started increasing and Rupee has started getting depreciated. Both of this are threatening Government of India’s Forex Reserves and Current Account Deficit (CAD) control. CAD deficit lead to higher inflation and it may lea...

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Are you Investing without Understanding ‘Real Returns’ ?

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Are you Investing without Understanding ‘Real Returns’ ?Mr. Barot works as a middle executive in accounts department of a Large Corporate. He is 53. He came to my contact after my financial literacy workshop at his company. On conducting his Personal Finance Health Checkup, I found that majority of his investments are in Insurance and on probing further he has saved and invested almost 30-40% of his income throughout his career. His primary reason for investing into insurance was to get tax benefits and he was guided by one of his relative who happens to be an insurance agent.Financial health checkup revealed that despite of a regular saver and investor, his accumulated funds are short of his retirement corpus requirement and he still ...

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