The Government of India, vide its notification dated May 12, 2021, announced the Sovereign Gold Bond Scheme 2021-22, Series I-VI. The first gold bond scheme was launched in November 2015, and there have been several series since then. The last one was 2020-21 series, twelfth tranche of which closed in March 2021. Here are the…
One should plan for all the known milestones in life. Retirement is one such crucial phase, and preparing for that phase is what is retirement planning. A goal is to set suitable financial targets and create a plan to achieve those. In the process, you have to forecast savings, expenses and evaluate investment options after…
Mutual funds offer investors an option to invest in a lump sum or through SIP. What is a systematic investment plan (SIP)? It is a facility available to investors to invest in mutual funds in a disciplined manner, gradually over time. In other words, a fixed amount is invested at pre-determined intervals. SIP investment works…
What is Planning? It means what we decide today in advance for future events. The process starts with predetermining the events, defining objectives and careful planning to achieve those aims. Financial planning is similar and an extension of the concept, just that the scope is money-related. We will elucidate how to determine the money goals…
The debate on which investment style is better has existed for a long time. The money management and investment fraternity spend considerable time studying cost vs the benefit of the two approaches. Choice of style affects the overall portfolio returns, and therefore, it is beyond just an academic discussion. Let us understand the concept before…
Retirement is a critical juncture in one’s lifetime. For an event so important, thinking and planning must start at the right time. The sooner the better, and therefore, it is important to know how to plan for retirement at the age of 35 in India. In your 20’s or 30’s, retirement may look like a…
What is the right age to begin investing? The answer is, one should start investing as soon as the person is lawfully allowed to invest. In this article, we will elucidate upon the power of compounding and benefits of early investing. Early-stage investing helps in many ways, and one of the most significant benefits is…
We need a lot of money to live life happily. Money is the solution to all problems. Whether true or not, this is what many of us heard while we grew up. But, no one mentioned how much. And for most, the more, the better. There is about Rs 25 lakh crores of printed currency…
Medical expenses come unannounced, thereby leaving us minimal time to manage funds. A Mediclaim policy becomes a saviour and helps you tide over a hospitalization bill, entirely or in part. The insurance policy is essentially a contract between an insurer and the policyholder. The insurer agrees to cover costs up to the sum assured subject…
Amateur or an expert, every investor wants to know how mutual funds fit their overall investment strategy. Common questions that cross minds are regarding the benefits of mutual fund investment and the importance of mutual funds in the overall investment planning process. To start with, let us first understand what a mutual fund is. And after…
