Diversification aids in risk reduction, but it is ineffective if not executed correctly. Diversification is a rather basic concept. Different asset classes perform differently in various market cycles. So also, every asset class has its upswing and downturns. The secret sauce to profitable fund investments is the right amount of diversification. Investing in too [...]
Let’s get down to basics first: What are index funds? Index funds are a form of passive investment that seeks to mimic the portfolio of their benchmark index and are constructed to trace the components and return of that specific market index. As a result, Index Funds offer broad market exposure, relatively low operating [...]
The financial sector is the backbone of an economy signifying the economic strength of a country. Quoting RBI Governor Shaktikanta Das in a recent interview with Economic Times, he relates to the past global financial crisis and how the Indian economy and financial sector this time around was far more resilient in many aspects. [...]
Hold on to that thought for a while.The Deloitte Global Millennial Survey 2020 highlighted some interesting views on the financial status of millennials. Globally, millennials before the pandemic said they were saving or investing almost 40% of their disposable incomes. 3 in 4 millennials say they actively manage and budget their monthly income to [...]
Do you have your GOK fund in place? Wondering what’s that? Well! GOK fund here stands for ‘God Only Knows’ fund and is merely a quirky term for an contingency fund. Some may even call it a ‘Rainy Day fund’; it practically defines the state of an emergency, the arrival of which is pretty [...]
We, humans, are emotionally driven. While our emotions play a part in defining who we are, they sometimes tend to override our capabilities to make rational decisions. It is humanly impossible to rid oneself of his/her feelings, so the best workaround would be to become conscious of the role our emotions play in our [...]
India is a country predominantly recognized for its cultural diversity, customs, and religions. It is a commonplace to find close knitted families that celebrate numerous occasions wherein gifts are exchanged as a symbol of love and affection. At times, gifting can also become a legalized part of your tax planning to reduce tax liability significantly. [...]
Indian Income Tax Act allows for tax deductions and exemptions on interest and principal repayment of certain loans. These tax benefits are a definite motivator to individuals as it helps reduce the outflow of funds which may rather be associated to one’s financial goals. The following are some of the provisions that offer a [...]
Tax saving investments under section 80C plays an important role in your financial well being. Both individuals and HUFs are eligible to claim deductions under section 80C of an aggregate capped 1.50 lakhs per year. Tax saving investments under section 80C has enough water capacity to behave like carbohydrates to ensure hydration and add [...]
The festival of Navratri represents the triumph of good over evil. Navratriis divided into three phases, each of three days – the first phase is dedicated to Goddess Mahakali, who destroys all the bad within and also around us, the second phase is dedicated to Goddess Mahalaxmi, who we worship to bring us of wealth and prosperity, and [...]
