You have excess cash in hand from the last bonus you received and the fixed deposit that just matured. You have been thinking about how to use the funds. Your financial advisors that include your friends, doctor, lawyer and grocer have suggested that you take exposure to equity mutual funds. Your parents have advised you… Continue Reading
Starting April 1, 2016, all floating rate loans (and select fixed rate loans) are now linked to Marginal Cost of Funds based Lending Rate (MCLR). You will get loans at a spread over MCLR. What is MCLR? How is it calculated? How is it different from Base Rate regime? Why has RBI asked banks to… Continue Reading
Insurance is the first step in financial planning. Before getting your investments right, you must get your insurance portfolio right. If you get your investments wrong, you may still get another chance especially if you are young. However, if you get your life insurance wrong, there won’t be a second chance. If you get health… Continue Reading
Real estate developers and agents do not really rate highly on trust factor. And examples are aplenty. It is not difficult to see stalled projects while driving along the city. Just think of those buyers who have purchased apartments (not as an investment) in those projects. They have been waiting to move into their dream… Continue Reading
In one of the earlier posts on Retirement Planning, I had discussed the importance of starting early, portfolio diversification and a few psychological investments to get you on right financial track. By starting early, you get the power of compounding behind you and your small (involuntary) contributions can result in a significant corpus by the… Continue Reading
When you retire, the routine of a hefty salary credit to your bank account at the beginning of every month comes to an abrupt end. You have purchased a pension plan but that pension is merely a fraction of your last salary. Inflation seems a much bigger demon now. The ability to recover from unplanned… Continue Reading
When it comes to financial planning, everyone wants to leave behind an asset for their families. Nobody wants to leave behind a liability. And when it comes to your house, you want to ensure that your family inherits your house and not your home loan. Repayment of a home loan is a long term activity.… Continue Reading
The latest Union Budget is a mixed bag for many investors. Though the budget had many sops for the borrowers & middle class folks, there were a few setbacks too. Let’s look at ten most important takeaways from the latest budget. 1. Tax Relief for First Time Home Buyers First time home buyers have been… Continue Reading
As the financial year draws to a close, the hustle for tax-saving products grows stronger. The human resources department of your company is after you for proofs of tax-saving investments. Last quarter of the financial year is anyways quite hectic. You are already under so much work pressure. Amidst that you need to find time… Continue Reading
Cost of higher education has been rising sharply even for the colleges in India. The fee for many programs has gone up by up to 5 times in the past decade. The fee for the top business schools ranges anywhere from Rs 15 lacs to Rs 25 lacs. And this is only for colleges in… Continue Reading