How to Spend Your Month-end Happily

How to Spend Your Month-end Happily

The biggest trick to help you spend less than you earn is to know exactly what you are earning and exactly where are you spending Have you ever reached the end of the month with almost nothing in your pocket and bank account? If so, you’re not alone. In fact, many Indians, often with large families, are living pay cheque-to-pay cheque. It can be one of the hardest cycles to break. Below are some tips on how to spend your month end happily and without worries. Know Your Exact Budget…

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Heard on the Street! After 30K, analysts are projecting a target of 45K by 2020

Heard on the Street! After 30K, analysts are projecting a target of 45K by 2020

One of the major factors, driving optimism in the market, is the recovery in earnings growth along with the implementation of government reforms in Asia’s third largest economy which is growing at 7 percent rate, faster than most developed and EM economies.   When Sensex hit 20,000 back in 2007, the Street was anticipating a number of 30K on the index in a hurry, but nobody was aware of the global financial crisis that would hit equity market the very next year, which would take the index towards 10K in 2008,…

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Should you invest in current tranche of sovereign gold bonds?

Should you invest in current tranche of sovereign gold bonds?

Investment advisors say the bonds offer a good portfolio diversification option. They also offer the twin benefit of capital appreciation and regular returns, besides not having the risk of handling like physical gold. The 7th tranche of Sovereign Gold Bonds (SGBs) which is now open for subscription provides a good option for portfolio diversification coupled with an element of stability, say investment advisors. “We would advise investors to invest in SGBs, especially those who don’t have any exposure to gold as it will help in hedging their portfolio,” says Aasif…

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Are you prepared for a poor salary increment?

Are you prepared for a poor salary increment?

For most, appraisal season brings along a sense of nervous optimism. This year, hiring and staffing managers are expecting poor appraisals for employees in several sectors including IT, telecom, real estate and startups, due to micro- and macroeconomic factors. Further, employers are under extreme pressure to retain the best in the firm with adequate growth in their appraisals, considering the future prospects of the business. This means that there might not be enough to go around, and your salary hike could turn out to be disappointing. While you can’t do…

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Fact sheet: Key tool for investors

Fact sheet: Key tool for investors

Understanding information in this document correctly can make you proficient mutual fund investor By Anil Rego If you have questions about a mutual fund scheme that you own or plan to purchase, one source that you can turn to for reliable information is its fact sheet. This document contains a wealth of information and insights. Reputed fund houses provide more information in this document than is legally mandated. By reading it carefully, an investor can glean useful insights about a fund’s past performance, the level of risk it carries, and so…

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5 ways to have financial compatibility in a relationship

5 ways to have financial compatibility in a relationship

Couples can work on creating financial compatibility by arriving at a common ground in financial matters such as spending, saving, and investing. This Valentine’s Day, one must not forget that financial compatibility in couples can make or break a relationship. Having a common outlook on money matters helps in creating a safety net. When partners are financially compatible, heartaches arising out of money issues are less likely to creep in. Couples can work on creating financial compatibility by arriving at a common ground in financial matter such as spending, saving,…

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V-Day Special: How to talk money to your partner

V-Day Special: How to talk money to your partner

Apart from love, financial compatibility too is paramount for the success of a long-lasting relationship. Here’s what couples must do to work on it. Without further ado, read on to know more! Financial compatibility in love: What? Why? What do we mean by financial compatibility? By financial compatibility, we are talking about that nice happy ground where both the partners understand each other’s philosophy of spending, saving, and investing money and live in harmony. People in love, usually, have many conversations but they are rarely about money and spending unless…

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I am 25 years old and want to invest in mutual funds. Please suggest options for longterm

I am 25 years old and want to invest in mutual funds. Please suggest options for longterm

I am 47 and want to start investing in mutual fund SIPs to build a retirement corpus. I can invest 10,000 per month. Please suggest how and where to invest this sum. Start by investing 4,000 in HDFC Balanced, 4,000 in Franklin India Prima Plus and 2,000 in debt fund Birla Sun Life Dynamic Bond. Please increase your SIP by 10-20 per cent every year as you have just about 13 years to build your corpus. (Answered by C.R Chandrasekar, CEO and Co-Founder, FundIndia.com) I am 25 and earn Rs…

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Budget 2017: How it impacts your finances

Budget 2017: How it impacts your finances

All you need to know about the Budget to realign your finances with the new tax rules. Most expected an upbeat Budget post demonetisation, one laden with freebies and fireworks, to give the economy a much-needed push. A balanced Budget is what we got instead. The biggest relief came in the form of lower income tax rate for those earning between Rs 2.5 lakh and Rs 5 lakh. But one man’s gain is another man’s loss. The government has levied a surcharge of 10 per cent for people earning between…

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Varishtha Pension Bima Yojana (VPBY) 2017 with 8% guaranteed Pension: Things to know

Varishtha Pension Bima Yojana (VPBY) 2017 with 8% guaranteed Pension: Things to know

The Varishtha Pension Bima Yojana (VPBY) 2017, a scheme unannounced by the Prime Minster  Narendra Modi on new year eve was approved by the cabinet on Tuesday. Post demonetisation banks are slashing interest rate on fixed deposits. Therefore, to guard the interest of the senior citizens (above 60 years of age) in case of falling interest rates, PM Modi announced this scheme with a guaranteed interest of 8 per cent for 10 years The scheme will be launched by Life Insurance Corporation of India on April 1st as per sources….

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