How to balance spending and saving in early career to create long-term wealth

How to balance spending and saving in early career to create long-term wealth

Financial planners suggest drawing up a budget for the month and setting aside a fixed portion of salary as saving to be invested in creating wealth.   Are you in early stages of your working life and unsure about how to go about organizing your finance? Despite a decent pay packet, you find yourself running out of cash towards the end of each month leaving you with nothing to spare and invest for the future. You can avoid this predicament should you have a proper balance between saving and spending….

Read More

What are tax-free bonds and how they work

What are tax-free bonds and how they work

Indian investors seem to be spoilt for choice when it comes to investing. From investment schemes offering monthly, quarterly, half-yearly as well as annual returns, to schemes offering taxable as well as non-taxable returns, the list is endless. Choosing the right investment avenue, therefore, may not be as easy as it appears. One of the hugely-popular investment options, especially among high net worth investors, is tax-free bond. Let’s see what these bonds are and how they work. What are they: A bond is a fixed income instrument carrying a coupon…

Read More

If you have Rs 1 million to spare, here are 5 portfolio options to generate wealth

If you have Rs 1 million to spare, here are 5 portfolio options to generate wealth

If you want your money to work for you – first thing is to get it out of your bank account and invest in various asset classes. I can’t invest because the market is trading at high valuation? There is too much risk in the market right now? I don’t know how much and where to invest? Do these questions look familiar to you? If yes, then we might be able to help you out. If you want your money to work for you – first thing is to get…

Read More

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…

Read More