Advait had just turned 23 when he began working with a large IT firm, which paid him a handsome salary. While his colleagues spent almost all their income on upgrading their lifestyles, travelling and partying, Advait was focused on setting aside and investing a portion of his salary each month. He had picked up this habit from his parents, who were both private sector employees – given the lack of a pension, they had begun allocating funds to their retirement corpus from the time Advait was young. And this helped him realise the importance of planning and compound interest when investing for ..read more

Did you know that 86% of Indians above the age of 50 years regretted not starting early to save for their retirement, according to the India Retirement Index Study (IRIS) conducted by Kantar for Max Life Insurance Company? If you don’t want to regret it, then it is essential to start saving and investing for your retirement at the earliest. However, we understand that it is easier said than done. Moreover, when you are young, retirement is the last thing on your mind. In this article, we will look at some reasons why we should invest for our retirement as soon as possible. Benefit from the com ..read more

Are you becoming more interested in investing in index funds and fulfilling your goals? As of July 31, 2023, the total Assets Under Management (AUM) under index funds stood at Rs.1.8 lakh crore in India up from Rs. 94,589.50 crore in July 31, 2022 i.e. almost 90% up in one year. So, why are investors getting hooked on index funds? Let’s find out. Ease of understanding Picking the right mutual fund is crucial for achieving investment returns. However, everyone only has a little time and know-how of the funds to select the right fund. Here comes index funds, which mirror specific market indice ..read more

In a country of over 144 crores, only around nine crore people file their ITR. Astounding, isn’t it? That is only around 6.25%, while in the US, the percentage of the population paying income taxes is close to 45%. However, the reason behind the majority of people not filing their ITR is their lower income level. As per 2022-23 data, the per capita income in India stands at Rs. 172000. This is below the minimum taxable income of Rs. 2.5 lakhs per the old regime and Rs. 3 lakhs per the new regime. That said, filing an income tax return even when a person’s annual income is below the minimum tax ..read more

Before investing in a mutual fund, it is important to analyse the performance of the fund. Most of us simply look at the returns of mutual funds and invest as per our friend’s suggestions. However, there are better ways to analyse the performance of a fund. In this article, we will discuss some key parameters that can help us analyse a mutual fund. Check the Fund’s Rolling Returns Compounded Annual Growth Rate (CA­­­GR) is the most common type of return that is used to measure the fund’s performance over a specific period. However, CAGR shows the fund’s performance as of a specific date. It do ..read more

Have you ever felt regret or anxiety about missing out on a potentially profitable investment opportunity? We can call it FOMO (fear of missing out) in investing. It is a very common thing and happens with a lot of us. However, it is essential to keep the FOMO from getting the best of us. FOMO can lead us to hasty investment decisions, such as buying a stock or a mutual fund without research which can impact us negatively. So, managing your FOMO and taking rational investment decision is essential. Let’s see how we can keep FOMO at bay. Break free from the herd We all behave differently under ..read more

The government has made a significant shift in the taxation of debt mutual funds. From 1st April 2023, there will no longer be long-term capital gains benefit with indexation for a holding period greater than three years. This change means investments will now be taxed as per your income slab, regardless of the investment duration. In the current scenario, if investors invest in non-equity schemes, i.e., debt funds, gold ETFs, and international funds, for less than 36 months, they are currently subject to a marginal rate of interest tax. Investors can take advantage of 20% tax with indexation ..read more

If you are reading this, there is a high chance that you know about mutual funds or have already invested in mutual funds. Mutual funds are investment vehicles that pool investors’ money together and invest in a diversified portfolio of securities, such as stocks, bonds, and other assets. One key aspect of mutual fund investing is the nomination process. This is the process that allows investors to designate a person or entity to receive the benefits of their investments in case of their untimely demise. However, we have seen many instances where investors may fail to nominate a person to rece ..read more

If you are reading this, there is a high chance that you know about mutual funds or have already invested in mutual funds. Mutual funds are investment vehicles that pool investors’ money together and invest in a diversified portfolio of securities, such as stocks, bonds, and other assets. One key aspect of mutual fund investing is the nomination process. This is the process that allows investors to designate a person or entity to receive the benefits of their investments in case of their untimely demise. However, we have seen many instances where investors may fail to nominate a person to rece ..read more

Are you a Non-Resident Indian (NRI) considering settling down in India? If so, there are several essential things to keep in mind before making a move. In this article, we’ll explore some of the critical financial things NRIs should consider when settling in India. But first, let us talk about the RNOR status. A Non-Resident Indian’s status transforms from “non-resident” to “Resident but Not Ordinarily Resident (RNOR)” when they move permanently back to India. RNOR is essentially a temporary status granted to NRI returning to India before becoming legal citizens. To have the RNOR status, you m ..read more