With the introduction of the new personal income tax regime for individual taxpayers in The Union Budget 2020, most of us are facing the dilemma of choosing between the new and the old tax regime. “Which one will benefit me more?” This question will inevitably be on top of every taxpayer’s mind, and part of dinner-table conversations …
To new or not to new: Tax regime confusion resolved Read More »
Remember the time you got your first salary? That feeling of empowerment in having the control of your own fate and the elaborate plans you made to save and achieve your life goals! How are you faring? Like the majority of the population, you are likely to have been caught up with life and have …
Did you know that you can be taxed on your mutual funds investments under capital gains taxes? These taxes can significantly impact your returns. Fret not, like every problem, this too has a solution. But before we explore strategies to minimise them, it is important to understand what capital gains mean. What are capital gains? …
Impact of capital gains taxes on your mutual fund investments Read More »
When we refer to financial planning, investments pop-up in our heads immediately. Growing your wealth, meeting your goals, accumulating assets – all of these need investments. However, in order to meet these financial targets and goals, it is critical that you manage the most important asset which enables all the others: your income. The first …
Borrowing can be a powerful tool to boost one’s finances if used in the right way – as discussed in our recent post. We have also explored the other end of the spectrum, that is – borrowing beyond your means and its impact on your cash flow – in our post on how much loan …
An often neglected yet important financial product, critical illness coverage has often been misunderstood, mis-sold and confused with health insurance. To better understand the need for this insurance, let’s look back in time to see how the concept came about. Contrary to what you would expect, critical illness coverage wasn’t conceived by a financial company …
Critical Illness Coverage: Why it shouldn’t be ignored Read More »
There are two key decision points when it comes to your investments. When to invest and where to invest? The question of when to invest is a hard one to answer, unless you are a fortune teller. There are arguments to support the theory that instead of trying to time the market, just keep investing …
Modern portfolio theory: How to achieve optimal diversification Read More »
“Live within your means”. This phrase has been used historically to suggest that you should only spend on what you can afford now. So much so, that loans have been demonised as a purely negative thing. However, this school of thought is changing with the realisation that loans can be a powerful tool to achieve …
Just a few years back, India was a country with relatively affordable healthcare services. However, this perception and the cost of healthcare has changed rapidly with rising inflation in healthcare costs, which is double the average retail inflation (CPI). Now a major illness could affect your bank account significantly, depleting your hard earned savings. Just …
Insuring yourself against skyrocketing healthcare costs Read More »
Investing in financial markets has had a mixed reputation over the years. We often hear success stories of prodigy investors making a killing in the markets. At the other end of the spectrum, there are disgruntled folks who have lost money in the financial markets and don’t want to consider it as a viable investment …