Author - admin

How SIP works in mutual fund investment and its benefits

How SIP works in mutual fund investment and its benefits

Krishna Kumar, an IT software professional just stepped into Gurgaon for his first job. He has plans to go in for higher studies after 3 to 5 years and bear the expenses from his salary. Krishna decided to invest his savings. He has always seen his father investing in fixed deposits and PPF (Public Provident Fund). But considering high inflation he chose to meet a financial advisor (as PTIC INDIA – Financial Planner in Delhi). After meeting the Advisor, Krishna [...]

Read more...
Have You just got Married? Here’s How to Secure Your Future

Secure your family’s financial future with investment through SIP

The rising cost of basic items for the living is shrinking our wallets. In the past 20 years, the cost of many items of regular use has increased 5 to 7 times. But our wage has not expanded to a similar extent. Consequently, we are saving less and less on the proportional and inflation-adjusted basis. As a result, we can be short of our goals in the long term. Historically, we have invested what was saved after spending on [...]

Read more...
Here are prominent mutual fund schemes that got merged in May 2018

Here are prominent mutual fund schemes that got merged in May 2018

According to SEBI’s new recategorization norms for the mutual fund, many mutual fund houses have merged their schemes. Many of these schemes are merged into some existing scheme. And some other existing scheme merged with another scheme to form a new scheme. As the schemes have been merged, SEBI has to disclose standardize performance of the mutual fund scheme. SEBI has asked mutual fund houses to disclose the weighted average performance of the new as well as the old [...]

Read more...
Why investors should continue investing in SIPs even in a bear market

Why investors should continue investing in SIPs even in a bear market

The popularity of Systematic Investment Plan (SIPs) has gone up in the last couple of years. Investment Advisors and Mutual Fund Managers recommend investment through SIP in diversified equity funds. But SIPs make sense only if invested for a long period of time. Returns on a short-term SIP are insignificant or irregular. As the investment period increases, the gap between invested amount and market value of investment widened substantially. Time works like a lever in the market. So a [...]

Read more...
5 ways to manage your expenses so you don't go financially broke ever

5 ways to manage your expenses so you don’t go financially broke ever

Are you somebody that preferences living on the edge, from salary to salary, purchasing something as and when you set eyes on it, without worrying about your savings, what’s more, a ‘Dekha jayega’ attitude? That may appear to be cool – but at the same time, it’s a shortcut route to financial disaster. Here is a list of 5 ways to manage your expenses so you don’t go financially broke ever. 1. Track your expenses through Money Management App: If you have [...]

Read more...
8 common Estate Planning Queries related to wills

8 common Estate Planning Queries related to wills

One should endeavor to make an error-free will to minimize the risk of disputes in the family. Here are 8 common Estate Planning queries answered related to wills. Is it compulsory to register a will? No, there is no legal requirement to register a will. It is optional.  And it does not even need to be written on a stamp paper or be notarized. Can a registered will be challenged in a court of law? Registering a will does not lend it any [...]

Read more...
Financial Planning is much more than Money

Financial Planning is much more than Money

Traditional financial planning is all about calculation and money. You look at how much you earn and what are your expenses. You figured out the amount you will require later on to fulfill your needs and keep up the desired lifestyle. Then comes up an investment plan that will help you to reach your desired goals. The procedure for the most part about as exciting as balancing a cheque book and as emotionally draining as paying taxes. Unluckily, many individuals [...]

Read more...
Golden rules for financial success, active life and a secure future

Golden rules for financial success, active life and a secure future

When you start working and have a consistent source of income. Everybody around you begins giving you Wealth Management related tips. In light of their past experience, these well-wishers have a plenty of advice. These pieces of advice are mainly on what you ought to do with your money. A portion of these suggestions unquestionably forces you to consider the need and advantages of financial planning. However, some simply put you off, influencing you to question the logic of [...]

Read more...
Why are ELSS funds still better than ULIPs despite new LTCG tax?

Why are ELSS funds still better than ULIPs despite new LTCG tax?

In the budget of 2018, LTCG (Long-Term Capital Gains) Tax was re-introduced on stocks, shares and share-oriented products. Ever since the LTCG tax was announced, Ulips (Unit-Linked Insurance Plans)  have come into the spotlight. This is because returns from ELSS became taxable after the budget passed where returns from Ulips continue to be tax-exempt. Investments in both Ulips and Equity-Link Savings Schemes (ELSS) are eligible for Income Tax benefits under Section 80C. But under Section 10(10D), the short-term gains are [...]

Read more...
Comparison between ELSS Funds and Public Provident Fund

Comparison between ELSS Funds and Public Provident Fund

If you are looking to make some investments to save tax, then you would have most certainly come across Section 80C of the Income Tax Act. This section offers a tax deduction for investments made in certain financial instruments like Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF), Tax saving Fixed Deposits (FD), National Pension Scheme (NPS), etc. Each of these investment options has different features but one thing in common – tax benefits. Aligning one or more [...]

Read more...