What happens when you visit a pharmacy and ask a medicine for fever, the chemist gives you a pill (which is without a prescription). If the pill works, you visit him again for other health issues to get another pill. By doing so you are avoiding a visit to the doctor, saving on prescription fees…
What happens when you get a job with a good package? Or receive an awesome hike in salary? Or receive a lump sum as retirement package from the employer? A default advice from friends /relatives would be to buy a home. For some this could be a first home which involves a lot of emotions…
If Millennials were to choose the best stage of their lives, they would say Twenties is the best age to be! Why? Because you are freshly out of college, have joined a job that pays you well, you do not have home loan or a car loan on your head, nor do you have a…
Owning a home of our own is a dream for most of us. According to a RBI report, 84% Indians have invested in properties to own houses. In fact, unlike before when people used to buy properties late in their careers, people are now investing when young. This is because of many reasons like high…
Many investors may aim for both capital protection as well as the participation in the equity markets. But, is it possible? May be, Yes, with the Capital protection oriented schemes (CPOS), which aim at principal protection at the same time offer an opportunity to participate in the equity markets and provide capital appreciation. However,…
Wilful defaulters and defaulting companies can no more withhold loan repayments, with the release of the Reserve Bank of India’s new guidelines under the ‘Strategic Debt Restructuring’ scheme. The scheme intends to target all those who consciously deceive creditors and doesn’t repay loans, including companies which do not repay despite being able to. However, the…
Being a financial planner, I always believe in risk management as the foundation for an effective financial plan. Anything that can’t be afford to be lost, should be protected. Else, one would end up with a dent on the financial assets or savings. Thus, risk management gains prominence. Risk management provides financial security via financial…
Public Provident Fund (PPF) and National Savings Scheme (NSC) have been the most popular and attractive investment tools for many Indians, as they are safe and fall under Section 80C. As per the new rules, these select small savings scheme investments like NSC and PPF for Non-Resident Indians (NRIs), the accounts have to be closed…
Buying a home is one of the major financial decisions in one’s life. Such a decision has to be taken after a thorough research and proper planning. Here are some must to know terms one should know before applying for a home loan Down payment: When buying a home, bank sanctions only 80% of…
Banks are offering credit cards widely to employees and business associates. But is it wisely take one and use them? This is the first question that strikes most of the first time users. Read through to find a conclusive answer. An efficient use of credit card helps manage cash flow. However, ensure to get an…