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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…
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…
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…
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…
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…
Financial planning is an essential part of one’s life journey. A large group of us, commonly referred to as the middle-class, at times are unable to find financial solace. Lack of stability could be due to several reasons, such as incurring inadvertent expenses, not setting the right monetary objectives or turbulent inflows. Therefore, we have…