What is Net Worth and Why Should You Know It?

In simple terms, net worth is the amount by which assets exceed liabilities. It is value in cash that you would sell off all that you own and clear your EMIs. It is a metric to evaluate an individual’s or company’s financial standing. Assets can include retirement accounts, cash present in a bank account, mutualContinue reading “What is Net Worth and Why Should You Know It?”

Easy Yet Effective Ways To Save Tax

In order to save tax, we must all engage in tax-saving schemes such as National Pension System (NPS), Public Provident Fund (PPF), Savings Account Certificate (NSC), and so on.  People are always looking for methods to save money on their taxes.  Nobody wants to pass up opportunities to save money on taxes.  Different folks chooseContinue reading “Easy Yet Effective Ways To Save Tax”

Investing in ELSS Mutual Funds: Here’s What You Should Know

ELSS mutual funds or Equity Linked Savings Schemes are the most popular category of Equity funds in India. These schemes predominantly invest in equities and equity-related instruments. Investment in these schemes comes with a lock-in period of three years besides being eligible for tax benefits under Section 80C. These schemes aim to balance the riskContinue reading “Investing in ELSS Mutual Funds: Here’s What You Should Know”

What is Compound Calculator, and How Does it Work?

Mutual funds have become the preferred way for millions of people to invest in the markets. After learning how to start SIP, many investors are opting for the SIP option. Investors can also use a power of compound calculator to evaluate the impact on their investments over time. As we all know, mutual funds areContinue reading “What is Compound Calculator, and How Does it Work?”

Differences Between Child Plans And Term Insurance

To ensure your family’s financial security and a prosperous tomorrow, proactively engaging in financial planning today is crucial. One must assess their goals and choose financial instruments that suit their needs. Of the many financial instruments available at one’s disposal today, child plans and term insurance are two of the relatively popular ones. Each ofContinue reading “Differences Between Child Plans And Term Insurance”

What To Know Before Buying A Savings Plan

Savings plans are customized financial products offered by insurance companies that help investors attain life goals while also providing insurance coverage. Regular and consistent investment in the plans allows for the long-term creation of a sizable corpus. Furthermore, the savings scheme will enable policyholders to make investments based on their needs and risk tolerance. SavingsContinue reading “What To Know Before Buying A Savings Plan”

How to Save Tax in 2022?

Section 80C is the most popular section of the Income Tax Act of India to save taxes. The tax deduction under this section was last revised to ₹1,50,000 in FY 2014-15. Over the years, the cost of living has gone up exponentially. The current pandemic has only compounded it. Therefore, the limit of ₹1,50,000 mustContinue reading “How to Save Tax in 2022?”

Why Debt Funds are a Better Choice than Fixed Deposits?

As fixed deposit interest rates decline to a record low (4%-5%), several investors are thinking about switching to debt mutual funds in India as a viable alternative. According to a CARE Ratings report of April 2021, inflows into these funds this year were 1.3 times more than that last year. However, FDs made for 88.8%Continue reading “Why Debt Funds are a Better Choice than Fixed Deposits?”

5 Factors to Consider Before Investing in Gold ETFs

The Indian market of gold ETFs (exchange-traded funds) is of 10 years. These ETFs as an investment option have shown remarkable growth due to some reasons. One is the usual high demand for gold in households together with the global uncertainty induced by the pandemic. Another is the geopolitical tensions between the USA and RussiaContinue reading “5 Factors to Consider Before Investing in Gold ETFs”

Cancer Insurance: Understanding the Stages of Cancer

A cancer diagnosis can come as a setback to your life plans. It takes medical attention, time, and even significant lifestyle changes for some patients before they can claim a full recovery. The condition affects not only the patients but the lives of their near and dear ones as well. From a financial angle, cancerContinue reading “Cancer Insurance: Understanding the Stages of Cancer”

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