Sukanya Samriddhi Yojna (SSY) is a savings scheme to improve the financial independence of a girl child in India. The objective is to encourage families to save for the education and marriage expenses of a girl child. The Government of India launched Sukanya Samriddhi Yojana (SSY) in 2015 as a part of the ‘Beti Bachao…
Financial planning is about adding a structure to the investment process. First, one must gather thoughts and estimate the corpus requirements. Second, the investor must draft a robust investment strategy (or steps) to achieve the target. And, finally, make the necessary changes to accommodate a change in life circumstances to keep the financial plan relevant….
We have learned that there are three most essential elements to lead a content life. Roti, Kapda aur Makaan. In other words, healthy food, good clothes and a house to stay. While all three are necessary, spending on food and clothes is small-sized and usually non-discretionary. So, for now, we will focus on the last…
Indians love buying gold, and bought over 500 tonnes of gold in 2020. Let us get the maths around it. At the rate of Rs 47,000 per 10 grams of gold, Indians bought gold worth Rs 2.3 lakh crores during the last year. Or, approx. $30 billion worth of gold (at an exchange rate of…
Investment is an allocation of money with an expectation of return. We invest in assets to generate income. However, revenue generated from these investments is subject to taxes. Profit from the sale of investment is subject to capital gains tax. Furthermore, share trades are liable to transactions taxes. And so on. In other words, taxes…
What’s better amongst an index ETF or an index mutual fund? Life would have been simple if answers to such questions were straightforward. In other words, every investor’s needs and expectations are different, and there is no one solution. As often said, one size does not fit all. However, a comprehensive understanding of both these…
Financial planning is all about wealth creation. It is about having enough money for the non-earning years of life. Above all, it is about having money (and enough of it) whenever you need it the most. And, of course, all this is easier said than done. Financial planning is a set-by-step process and in the…
How to plan long-term savings and manage expenses wisely? Questions like these are pretty common in everyone’s mind. Needless to say that everyone, and I mean everyone, has to prioritize saving money for the future. If you do not save enough, you will struggle in the long term. Traditional saving options like mandatory retirement savings…
Since the beginning of 2021, the IPO market again came into the limelight. The market witnessed a hoard of companies reaching out to the public for funds. The bull run and highly valued market lead to pricey offers. Subsequently, in the cases where the company’s business growth prospects do not support valuation, shareholders witness an…
How to make a financial plan by yourself? Do you resonate with these words? Financial planning may appear very familiar for some and a distant thought for others. For the latter, to make a financial plan by self is beyond the stretch of the imagination. Although financial planning may sound unfamiliar still, we all use…
