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One of my earlier articles described how Indians love buying gold and different ways to invest in gold. To put to perspective, Indians purchased over 500 tonnes of gold in 2020, worth Rs 2.3 lakh crores (approximately $30 billion). And, the gold demand in 2020 was the lowest in the decade, which essentially indicates that…
In an Initial Public Offer (IPO), private companies offer their shares to the public. Similarly, a mutual fund also allows the public a chance to invest when it initiates a fund. In other words, investors can invest in the initial pool of money when a new fund gets launched, called a New Fund Offer (NFO)….
Financial planning is all about goal setting, savings, corpus, timely evaluation of portfolio performance, etc. At least, that is what we believe it to be. In other words, financial planning is all about making things work in a particular direction. However, we often fail to acknowledge that addressing any deterrents that can derail your financial…
BSE Sensex mounted to 60,000 points last week, and NIFTY is eager to touch 18,000 levels. These are exciting times for investors but also confuse some who are trying to justify the highs. These heights look scary, especially amid the market uncertainties from global markets, the US and China markets. It is obvious to ponder how…
Is National Pension Scheme (NPS) a tax saving option or a long-term investment option? There is merit in exploring this question as we believe it is both, but if we have to choose one, it is more of the latter. The National Pension Scheme is an investment tool that focuses on your retirement needs. If…
To accumulate Rs 1 crore in 10 years is a significant milestone for any investor. In other words, to be able to collect such a massive corpus is an outstanding achievement. However, although substantial, the target is achievable through consistent investing and firmly believing in your investment decisions. There are two options to begin the…
Taxes are a part of life as you pay them each moment, directly or indirectly, knowingly or unknowingly, and in almost every transaction you conduct. Whether you like it or not is immaterial. In other words, there is little you can do about taxes, as paying them is inevitable. However, you can continually strategize to…
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….
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…