Know where you stand The first step is to analyze your monthly income. The gross figure should include all the incomes generated from the working members in your family.. Do remember to add refunds, bonuses, rent, interest, capital gains as well. Know your spending: This process can be carried out in two ways; either you… Read More »
Yes, that is true. RBI in its monetary policy review expressed its dislike for teaser rates on home loans that banks were providing and said that banks need to make additional standard provisioning for teaser loans. This decision has come in the light of LIC Housing Finance linked loans-for-bribes scandal. It may seem to you… Read More »
You need to ensure that you have a strong financial back up even if you are single. Having the right kind of savings pattern can ensure that not only can you be benefited from covering your expenses after retirement but can also guarantee you a cover for medical emergencies and fulfill your holiday aspirations in… Read More »
Apart from saving and providing your family during your job tenure, it is equally important to simultaneously plan for your retirement. Your main goal of retirement planning should be to receive income from various avenues be it pensions, PPFs etc. If planned wisely, you can get income in the form of rent, profits, dividend or… Read More »
If you are a self-employed of in a profession which does not enable you to invest into an Employee Provident Fund, then you must start and invest into Public Provident Funds. The benefits are many but tax benefits and guaranteed returns at 8% are at the top of the list. Not only will your retirement… Read More »
Unlike equity funds, where you get to choose between a dividend and a growth plan enabling you to not only get tax free dividends but also the entire amount to fund your priorities, your returns on debt funds may vary depending on your choice. Debt funds carry tax Your debt funds are bound to imply… Read More »
Earlier the KYC Know your customer) norms had to be complied by those investors who invest more than Rs 50,000 in Mutual Funds. But, w.e.f January 1, 2011, you will need to comply with the know-your-customer (KYC) norms before you invest in a mutual fund , irrespective of the amount. What is KYC? They are… Read More »
Most people assume that repaying or prepaying the home loan on their property is the most important aspect when it comes to loan repayment. But due to the extended tenure of the loan, say, 10-15 years, there is a possibility to forget the original property documents that you might have handed over to the bank… Read More »
You should inculcate the habit of visiting a financial planner as they can guide and advise you about your financial health. It will help to create a sense of disciplined savings pattern and make you watchful about your investments. Most people have the wrong notion that one must visit a financial planner only if you… Read More »
What does it mean? It is calculated by dividing the company’s total liabilities by the total equity fund belonging to the shareholders. It reflects the proportion of equity and debt that the company has employed to finance its assets. Usually only long–term debts are considered when computing this ratio. If a company is having a… Read More »