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Questions by Subscribers
Investment in Mutual Funds has a lot of dynamics involved in it. Before advising investment in Mutual Funds we carry out Risk Profiling of the client. Risk Profiling helps us understand his thought process towards money. It also helps us understand his money priorities. So while deciding a Mutual Fund portfolio we take into consideration...
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You have 31 years to achieve this goal. You need to be consistent in investing amount per month till you reach 55. This is how the calculations work, If you invest Rs 62,119 per month for next 372 months (31 years) and earn interest at the rate of 15% per year you can accumulate 50...
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Few mistakes people make while planning for retirement can be as below- Not accounting for the inflation correctly. Missing on counting on Medical inflation which is one of the highest. Not considering the realistic returns while calculating the future cash flow Not accounting for the LifeStyle related inflation Not accounting for increasing life expectancy Not...
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In the 30s, a person is in the beginning stage of career. This is when he expected to start building for a strong financial future. However for you to build strong financial tomorrow, you need a strong foundation too. Building a strong foundation is like building a thick protection wall against the attacks. So that...
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We live with the conflict between reality and aspirations. Aspirations are becoming more prominent. Ideally saving up first and buying later is the way. In case we buy today and pay tomorrow, necessarily means we are not eligible to buy today, as we may not have money. Buying on EMI has the following flaws- Paying...
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NPS is a good tax saving alternative. Under section 80 CCD (1B) you can save tax on investment of max of Rs 50000 in NPS. This is over and above section 80 (C). With recent changes, NPS allows you to withdraw 60% of the total investment (plus returns) without having to pay any tax. However,...
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Investment in any instrument should be according to the Risk Profile of any person. Risk ability of a youngster is usually considered to be high. Since youngsters have large time period left for investments he can afford to take the risk of generating higher returns. Mutual Funds have different types according to Risk Returns ladder....
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