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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 [...]

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What is this buzz about term insurance

What is this buzz about term insurance?

What is this buzz about term insurance? In India, most people either familiar with Life Insurance or insured with various policies in their name. All through this range of interest for insurance, Term Insurance plan is popular among them. Providing a low-cost track to financial security, term insurance policies sell like icecreams on a hot day. Be it their affordable premiums, long-term financial benefits, or their exciting tax savings, term insurance is all the rage. Particularly now, during peak tax [...]

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How to buy a Health Insurance that fulfill your needs in FY 19

How to buy a Health Insurance that fulfill your needs in FY 19

How to buy a Health Insurance that fulfill your needs in FY 19 At the beginning of Financial Year 2019, we have seen the allocation of new financial approaches in our lives. Today we will put light on the best way to take after while buying Health Insurance. Everyone wants to live fit and healthy in his or her life. As it is not always possible, sometimes uncertainties like illness, accident and unusual medical bills make the situation worse. In such [...]

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Do you need health insurance in your 20s

Do you need health insurance in your 20s?

Do you need health insurance in your 20s? Here I am telling you a story about Rohan, who started working in a firm ten months ago. Rohan loved the money related security his job offered. He could travel, eat, fun and hang out with friends with any worries. He even figured out how to save some cash. All that changed when he was hurried to the clinic with stomach pain. He had appendicitis and then suffered a near-fatal infection. The healing [...]

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Three moves that can ruin your chances of wealth creation through Mutual Fund SIP

Three moves that can ruin your chances of wealth creation through Mutual Fund SIP

Three moves that can ruin your chances of wealth creation through Mutual Fund SIP Today, Systematic Investment Plan (SIP) is viewed as the answer to all investment needs. In spite of the fact that they have created money in the long term, the discontinuous instability has made some financial investors rethink about the investment in mutual funds. A few financial investors do lose out because of the absence of patience. Here are three mistakes that can put you off the [...]

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All you need to know about Long Term Capital Gain (LTCG) Tax

All you need to know about Long Term Capital Gain Tax

What is long-term capital gains (LTCG) tax? LTCG is a tax paid on profit generated by an asset such as shares, equity, real estate or share-oriented products held for a particular time-period. The meaning of Long-term Capital Gains, or LTCG, is diverse for different items. Why is LTCG tax in the news now? In the Budget of 2018, Finance Minister Arun Jaitley, re-introduced the LTCG tax on stocks. Investors who got a profit exceeding 1 lakh rupees from the sale of a share [...]

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SEBI plans to lower extra costs charged by mutual funds

SEBI plans to lower extra costs charged by mutual funds

Security and Exchange Board of India (SEBI) is thinking about to reduce the extra costs charged by mutual funds on 15 basis points. This move of SEBI is aimed to expand penetration of such products among investors. The officials said that the extra cost charge on mutual fund proposal will be discussed at a meeting this week. They also added that the additional expense of 20 basis points might be decreased to 5 basis points across all mutual fund [...]

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5 Best Investment Options For your Retirement Plan

5 Best Investment Options For your Retirement Plan

Retirement can be a scary experience if you have not planned it well during your working days. At the period of retirement, your ability to earn money will significantly reduce as you will be out of the workforce. For a happy and peaceful retirement, you imagine a regular flow of income without going to work each day. This can be accomplished just when you plan your investments well during your working days for the rest of years later on. [...]

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Best financial gifts that you can give your parents

Best financial gifts that you can give your parents

Best financial gifts that you can give your parents. The things that your parents esteem the most are your opportunity and their cash. With exhausting vitality and pay, it is hard for them to search for speculation roads that can amplify the profits of their retirement corpus and battle expansion. The ideal approach to facilitate their worry and demonstrate your friendship is to offer money related endowments or convey procedures that can decrease their monetary weight, enhance returns and offer [...]

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How annuities help in retirement planning for steady income flow

How annuities help in retirement planning for steady income flow Annuity is the only financial products that provide long-term, open-ended guarantees in the form of a fixed income for a lifetime. Visualise a scenario in a few years from now, where India’s demographics will incline towards a pattern similar to that of developed nations.Higher life expectancy, coupled with socio-economic changes, such as more families moving away from the joint family system will burden individuals in their retirement period to maintain a [...]

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