If you are caught in a huge debt trap, no matter even if its Rs 1 crore, never hesitate to approach a debt counselor for financial assistance. Getting out of such risky situations are definitely very difficult but not completely impossible. Approaching credit counseling centers can be of a huge benefit. Credit counseling centers have… Read More »

With the increased incomes of many Indians leading to increased sales of the local automobiles , the global automakers have come forward to make luxury cars available to the Indian market at cost which can be affordable, considering in past, how these products were imported and had huge taxes over them. This move, is basically,… Read More »

There are a lot of things you need to keep in mind before you decide how much you need to invest. Insurance cover : You need to have adequate life insurance and health insurance cover to support your dependents in case of any crisis. If you have the burden of any loan, see to that… Read More »

Investing in equities to finance your medium or long term goals is advised because by saving a nominal amount you can get better returns.  Moreover, they provide you with a tax edge, if the markets do well, then it can increase your chances of getting a better house than what you actually planned for. In… Read More »

Did you know that just by investing Rs 1554, at the age of 25, you can manage to create corpus of Rs.1 crore by the age of 60? And a delay of 5 years will draw out Rs 2861 per month, to reach the same figure? It is a fact that, when you are young,… Read More »

With majority of India’s population in the age bracket of 25-45 years, there is a lot of scope for young earners to earn a greater return by making prudent investment decisions. The path of savings and investments when pursued at an early age can help you have a brighter future, especially in the post retirement… Read More »

How loans become costly? There are two main rates that are affected when RBI decides to increase or decrease the rates. Repo rate : The rate at which banks borrow from RBI Reverse Repo Rate: The rate at which banks deposit with RBI. An increase in these rates will directly be, reflected on those who… Read More »

Avoid taking dividends if you do not want a regular income. Converting them from dividend to growth will be considered as redemption and hence capital gains will be applicable. Therefore, from the tax planning point of view, make sure you have completed one year from the date of purchase to classify your investments as long-term… Read More »

Before you move onto investing in various financial instruments and blindly following your financial advisor, it is best if you could make your own personal checklist. First, categorize your investments in to long term goals and short term goals. Doing so, you will get an idea as to what are your needs and wants. Accordingly,… Read More »

In a bid to implement changes in the Government securities (G-Secs), the government panel, headed by Shyamala Gopinath, deputy governor, Reserve Bank of India, are holding talks on the issue of whether, all instruments falling under National Small Savings Scheme (NSSS), barring post office savings account deposits, should be linked to the market in a… Read More »