According to a recent study, retirement planning has emerged as the top priority for Indian women who invest in mutual funds. The study also revealed that women are more proactive when it comes to saving for their retirement as compared to men. The study conducted by a leading mutual fund house found that nearly 70% …
Retirement Planning: A Top Priority for Indian Women Read More »
2023 Guide to Financial Planning for Senior Citizens in India: Invest Smartly and Maximize Your Returns! As India’s population continues to age, financial planning has become an increasingly important aspect of senior citizens’ lives. With rising costs of healthcare, housing, and other expenses, it is crucial for senior citizens to be financially secure to maintain …
Different aspects of financial management can have different purposes. Planning involves setting goals and objectives, identifying resources and strategies needed to achieve those goals, and establishing timelines for completion. Budgeting, on the other hand, is the process of allocating resources and creating a financial plan to achieve those goals, often involving the creation of a …
What is the Difference Between Budgeting and Planning? Read More »
The 30-day savings rule is a personal finance technique that involves putting money aside for 30 days to develop an emergency fund or save for a specific goal. The concept is that by saving a tiny, manageable amount instead of impulsive buying, you can gradually accumulate a considerable savings without feeling overwhelmed by the expense. …
What is the 30 Day Rule? Saving Money, Buying & Selling Stock Read More »
While there are various financial options available to help ensure your children’s future, the first priority for parents should be a life insurance plan that supports kids in pursuing their educational aspirations in whatever field they choose. Parents’ first objective is to save money for their children’s futures. And for good reason—a young person’s career …
Where to Invest For Your Child Education in 2023? Read More »
At the time they leave their place of employment, employees are entitled to lump sum payments from EPFO. Under the EPF program, employees contribute a portion of their monthly salaries. It is a great platform for saving the portion of your pay that will come in handy in case of an emergency. The EPFO is …
Employees’ Provident Fund (EPF): All About EPF Plan! Read More »
The Public Provident Fund (PPF) program was introduced in India for the first time in 1968. The scheme’s main objective is to encourage modest savings among people and to provide returns on those savings. Interest rate returns aren’t taxed when they are generated. PPF accounts-definition Public Provident Fund (PPF) schemes are long-term investment options that …
(PPF) Public Provident Fund Account: Interest, Features & Benefits Read More »
A savings program designed for older citizens over 60s in India is usually called the Senior Citizens Savings Scheme (SCSS). It offers a steady income stream with the highest level of safety and tax advantages. SCSS offers a sovereign guarantee since it is backed by the government. Investing in this plan is a smart financial …
(SCSS) Senior Citizens Savings Scheme: Tax Benefit & Features Read More »
With a fresh market outlook update, our analysts and experts look ahead to 2022’s trends for stocks, bonds, and funds. In spite of the pandemic’s negative effects and other impending uncertainties, deal activity in India reached a record high in 2021 and surpassed pre-COVID levels. However, Several indicators point to a possible global recession in …
Christmas is a time of year when many people think about their finances. Whether you are looking to save money on Christmas gifts or you are trying to plan for the future, there are a few ways you can go about financial planning during the holiday season. Here are some tips to help you have …
