As per the latest news, the Employees’ Provident Fund Organization (EPFO) has recently introduced a system streamlining the process of transferring provident fund (EPF) balances when transitioning between jobs. Earlier, when you (EPF member) are joining a new employer, and if you have contributed to EPF in your previous employment then you have to submit Form No. 13, for PF transfer from old EPF account to you new EPF account through online or offline methods. Later on, EPF had introduced, new Form 11 which is a one page declaration form and needs to be submitted by the employee to his/her new ..read more

It’s been a long time since I was thinking of writing an article on Financial Advisor fee structure, cost, and charges in India.  This is a growing market that has come up in the recent past and most of us do not have the knowledge around how much one should pay and is it worth paying the fee? What is the fee structure for first year and subsequent years? I tried searching for the number of financial advisors in India and trust me, the list is huge. There are more than 1000 SEBI registered investment advisors in India. It was very difficult to analyze the fee structure for everyone ..read more

The Government of India rolled out the National Pension Scheme (NPS) for all the citizens of India way back on 1st May 2009, and for corporate sector from December 2011. Since then, NPS has become one of the most popular investment and tax saving options in India. The numbers speak for themselves – The Total assets under management (AUM) with NPS is now at Rs. 8.82 Lakh crore with Y-o-Y growth of 23.45%. The number of subscribers under various schemes under the National Pension System (NPS) rose to 624.81 lakh as at March 4th 2023 from 508.47 Lakh in March 2022 sh ..read more

Gold is not only used for ornamental purposes in India but continues to be one of the most popular forms of investment options with Indian households. As per the RBI data, savings in the form of gold and silver ornaments has increased drastically from Rs 38,446 crore in 2020-21 to Rs 59,675 crore in 2021-22. Gold is also seen as an asset for security to be liquidated in times of any emergency or financial trouble, or to fund any other need that may arise through a gold loan. But at the time of selling the gold, one must keep in mind the tax implications. In particular, sale of g ..read more

The National Savings Schemes (NSSs) are one of the very popular saving schemes in India. These are regulated by the Ministry of Finance. They offer complete security of investment combined with attractive returns. These schemes also act as instruments of financial inclusion especially in the geographically inaccessible areas due to their implementation primarily through the Post Offices, which have reach far and wide. Indian households’ savings in Post office time deposits and PPF (Public Provident Fund) have been increasing steadily since 2011. Below table give us an idea on th ..read more

I have been into Financial Planning and blogging for the last 13 years. In this journey, I am lucky enough to meet lot of investors, my clients, friends, well-wishers and relatives. I have observed that each individual’s/family’s financial situations, financial behavior and attitude towards investments risk are very unique and different to each other. May be this is the reason why I have always believed that there is no ‘‘one-size-fits-all” financial plan/investment plan.  That is why it is called as PERSONAL Finance. It is your finances. In all these years, I have observed (obs ..read more

One of the major amendments implemented as per the Finance Bill 2023 is to curtail LTCG (Long Term Capital Gain) benefits by deeming the gains arising from ‘specified mutual funds’ as short-term capital gains (STCG).  What are these Specified Mutual Fund Schemes as per the Income Tax Act? What is the major amendment with respect to the taxation of the gains arising out a specified mutual fund for Financial Year 2023-24 (AY 2024-25)? What are Specified Mutual Fund Schemes as per the Income Tax Act? A mutual fund by whatever name called, where not more than 35% of its total procee ..read more

The Government of India rolled out the National Pension Scheme (NPS) for all the citizens of India way back on May 1, 2009 and for corporate sector from December, 2011. Since then, NPS has become one of the most popular investment and tax saving options in India. The numbers speak for themselves – The Total assets under management (AUM) with NPS is now at Rs. 8.82 Lakh crore with Y-o-Y growth of 23.45%. The number of subscribers under various schemes under the National Pension System (NPS) rose to 624.81 lakh as at March 4th 2023 from 508.47 Lakh in March 2022 sho ..read more

Bangalore Development Authority (BDA) has come up with new notification for e-auction of residential sites. The last BDA e-Auction was happened during Feb-March 2023. Bidding / e-auctioning can be a hassle-free way to own a property, especially if want to avoid any sort of black money in real estate transactions. Before discussing the details about the Latest BDA E-auction Sep-Oct 2023, we need to understand the difference between BDA e-auction and BDA Allotment Difference between BDA Allotment and Auction BDA has so far formed more than 60 layouts in Bangalore. Bangalore BDA maintains a senio ..read more

In the recent past, the Supreme Court has been regularly taking a gender-neutral stance on division of property ownership rights between daughters and sons. The judiciary is steadily working to make the ‘succession law’ more accommodating to women.  The Supreme Court and some Hight Courts have recently given some landmark judgments on Women’s Property Rights. These judgements give us valuable insights on; Whether children from invalid marriages can inherit ancestral property. If a Homemaker (Wife) has equal share in Husband’s property Property rights of daughters and daughters-in-law in ..read more