ELSS Saves Tax And Makes You Rich

ELSS Saves Tax And Makes You Rich

Heard this great saying by former US President Richard Nixon? “Make sure you pay your taxes; otherwise you can get in a lot of trouble.” Sampath a young 28 year old man, works in an IT firm in Bengaluru. He had never heard of Richard Nixon, but he knew he had to pay taxes. Sampath earned Rs 12 Lakhs a year. This salary meant he paid a lot in taxes, as he never bothered to do tax planning. He grumbled, he cursed, but he paid his taxes.  All this changed…

Read More

The Most Important Factors for Your Investment Success

The Most Important Factors for Your Investment Success

An intelligent investor should invest in a proper channel with the maximized profit as well as reduced loss. It is known that the investment is always associated with the risk a better strategy should be selected in order to achieve the targets in a fixed duration. Compounding money always makes the amount deposited in a greater interest and grows in a steady manner. This also relies upon that the tax exemptions whereby the amount gets invested all time. Thus the experts prefer to make an investment that is related to…

Read More

Investing: Here’s how to gain from Systematic Transfer Plans (STP)

Investing: Here’s how to gain from Systematic Transfer Plans (STP)

STP makes sense when you want to transfer a large amount of money in a regular fashion without going through the lump-sum route.   Systematic Transfer Plan is a good way to invest in equity market. Similar to an SIP (systematic investment plan), STP invests systematically over a period in a particular fund in a fixed frequency. But unlike an SIP, money gets transferred from another scheme instead of a bank account. Investors can put a lump sum amount in liquid funds or ultra-short term fund & transfer a fixed…

Read More

Online Banking Frauds – How well does the RBI cover you?

Online Banking Frauds – How well does the RBI cover you?

If the digital world hasn’t psyched you enough about possible online frauds while making payments or accessing your accounts online, here’s more…. Well not exactly! The RBI recently came down with a set of norms on customer liability during an online banking fraud. Is there good news? Yes. The RBI brought this move due to the surging complaints regarding unauthorized banking transactions. Here are the quick facts:    The responsibility of proving the liability of the customer in an unauthorized transaction rests with the bank.  Also, the liability…

Read More

Property Investment? How soon is too soon?

Property Investment? How soon is too soon?

Are the young buyers in India thinking about investing in a property too soon? Young couples face a nasty and unjustified pressure in balancing financial and psychological needs especially when it comes to buying a home or investing in a property. Mainly due to the many positives associated with it. For example: security, wealth creation, social status and discipline.   The safety and comfort of owning a home paramounts every other aspect of life.  Career, love for a hobby, entrepreneurship, travelling or the owning of wealth as assets in the…

Read More

FIVE REASONS WHY HOME INSURANCE IS A MUST

FIVE REASONS WHY HOME INSURANCE IS A MUST

Home Insurance policy is one which offers protection for the structure and contents of a home. Buying a home insurance is not much of a priority for many, while some others are not even aware of its existence. This article aims to elucidate on why taking a home insurance cover is important by offering five reasons as a case in point. # 1 Cover against natural calamities: Regardless of where one lives, natural calamities have become a part and parcel of life due to climate change. Urbanization has made earthquakes…

Read More

Nearly 100 stocks which pared debt in last one year gave multibagger returns of up to 600%

Nearly 100 stocks which pared debt in last one year gave multibagger returns of up to 600%

Investors should give equal importance to sector outlook, business efficiency and ability to turn around the business.   Debt is an important aspect of a balance sheet especially for capital intensive companies but too much of debt without adequate cash flow will start to hurt margins. A lot of companies with excessive debt on the books are struggling to keep up with repayments. A scenario which was brought to light by the Reserve Bank of India (RBI) last week when the central bank released a list of top 50 stressed…

Read More

Consider these 5 factors while making lump-sum investments in mutual funds

Consider these 5 factors while making lump-sum investments in mutual funds

The most important principle in lump-sum investing, especially in equity funds, is to maintain your calm and equanimity. Most of us are aware of the merits of systematic investment plans (SIPs). As compared to lump-sum investing, SIP is simpler and more elegant over a longer period of time. But there are occasions when lump-sum investing becomes essential. For example, you may have received a large bonus from your company or you may have sold off a piece of land or property. These are situations that may necessitate lump-sum investing. The…

Read More

NRI Real Estate Investment in India- Beneficial or Not?

NRI Real Estate Investment in India- Beneficial or Not?

We all are aware of the Narendra Modi’s freakish cash clampdown, which is a great revolution in India. Nowadays real estate prices across the world are sinking but on the other hand, real estate property investment in India is ringing. This is a right time for NRI Real Estate Investment growing because no doubt it will bring higher appreciation in the years to come and the investment made today will never disappoint you in future. Before proceeding into NRI Property Investment in India, you should first complete your homework about…

Read More

How to get a better home loan rate

How to get a better home loan rate

Our experts tell you how to take advantage of the reduced home loan interest rates Recently, some major banks have reduced interest rates for new home loan customers. In fact, this year banks and housing finance companies have been passing on the rate cuts to borrowers. We asked the experts about how to benefit from this opportunity. Sumit Bali, senior EVP & head – personal assets, Kotak Mahindra Bank On the home loan rate reduction bit, I think we are closer to the bottom right now. I don’t think you…

Read More