Financial Planner in India

Financial Planner in India Many people ask me who is a Financial Planner, What is the need and how can I use their services to my benefit? A financial planner is a qualified investment professional who helps individuals and corporations meet their long-term financial objectives by analyzing the client’s status and setting up a program […]

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A Risk bigger than inflation risk

Today I’m going to talk about a risk to your financial planning which is bigger than the inflation risk. This risk is the risk of falling interest rates. 15 years back the rate of interest on Bank fixed deposits was in the range of 12 to 18% if you had a a fixed deposit for […]

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Qualities of a Good Financial Advisor

Good Financial Advisor – What should be the qualities that I should look to know whether my Financial planner / advisor is good or simply a Mutual fund distributor? I get this question too often and so I will list down few qualities that I see are a must for a good financial advisor. This is […]

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How to choose a financial advisor in India

How to choose a financial advisor in India Choosing a financial advisor / planner in India is little tricky. First of all some call themselves as financial advisor, some financial planner and some call themselves as investment advisor. Then there are others who call themselves as wealth managers so on and so forth. So it […]

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Tax Notices

Please make sure that you declare all short term and long term gains arising out of the Liquid funds and short time duration debt funds. Failure to do so would invite a scrutiny from income tax department. These are usually easy to forget as there is no details received from the mutual fund companies about them. […]

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Financial Planner Course

Financial Planner Course The growth of the financial sector in India makes financial planning one of the fastest growing professions. The estimated demand of financial planners is around 50,000 CFP professionals in the banking and financial services industry in India. However, till May 2017, India has had only 1828 CFP professionals. CFP certification is recognised in […]

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Reasonably priced financial advice in Mumbai

Please help me find reasonably priced financial advice from someone who won’t rob me blind. Someday, I’ll create a keyboard shortcut reply to that email, which I receive too frequently, that gives all the information to ask when seeking such a person. But an ugly fact of the  investment advisory industry has generally been this: […]

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How much does it cost to have a financial advisor?

  Short Answer: It Depends. There are different type of fee structures, from asset based to flat fees to a mix. Depending on your situation and what you are looking to get from you financial one may be better than the other. The pricing of a fee-only financial adviser depends on: The quality of the […]

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Merge Multiple UAN / PF Accounts into One

EPFO has started out a new service for its over 4 .5 crore subscribers which will allow consolidation or merger of their numerous PF ( provident fund ) accounts with the existing universal portable account number ( UAN ).  Under this service, members of the Employees’ Provident Fund Organisation ( EPFO ) can consolidate up to 10 previous accounts with their existing PF Account number at one go. The members will need to give their existing working UAN, member ID […]

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Does Arbitrage funds perform well during market downturns?

Many a times, people ask me if Arbitrage funds perform well during market downturns i.e. in bear or sideways market? This is primarily due to the fact that Arbitrage funds are not allowed to short sell and has to find arbitrage opportunities. So a logical question arises – Would there be an opportunity between cash […]

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EPF Withdrawal Without Signature of Employer

  Here is a fantastic news for all EPF account holders. EPFO has modified the withdrawal process and now it can happen without employer signature. Now you can directly submit the EPF withdrawal forms and the settlement will happen directly into your bank account. Prior, the EPF  withdrawal requests were first sent to the employer […]

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You can claim deduction under section 80DDB upto Rs 80000

When you have spent money for treatment of a dependant, suffering from a listed disease, you can claim deduction under section 80DDB. This deduction can be claimed by an individual or HUF. Only residents in India can claim this deduction. It can be claimed for your spouse, children, parents and siblings. Here are the lists of disease […]

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Buying Mediclaim Health Insurance in India

Buying Mediclaim Health Insurance in India One of the important topics to cover while building a financial plan is around buying Mediclaim / health insurance in India. Health insurance will protect you and your family against any financial risks arising due to a medical emergency. Buying a proper health plan would help you in saving your […]

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Approach towards Investing in Growth company

We will talk about the Approach you should have while Investing in a Growth company.  In one line before delving into details, it should be similar to having an affair with a hot woman. The risk is high but so is reward 😉 You will feel proud when talking about your investment. People will talk about you […]

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Salary vs Passive Income

What is your Salary? Here we will NOT talk about the salary amount but the TYPE of salary.   My friend, there are different types of salaries. Read till the end and you will understand. The rich are becoming richer, while the poor are getting poorer. How and Why? World media has fooled you but […]

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How to Create Emergency Fund in India

How to Create Emergency Fund in India Even though the title says – How to Create Emergency Fund in India? I will cover both Why and How to Create Emergency Fund in India. I will start with the Why aspect first followed by How to. Why Create Emergency Fund in India Earlier people use to […]

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The Honesty Pledge to tackle misselling

Honesty Pledge – what is that? you may ask. Well, you may have heard the word “Pledge” in your school. We were made to say it every time in our assembly. I still remember the India Pledge which we used to say – India is my country …. On the same lines, I think that Financial […]

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How to Save Money with Amazon India Lightning Deals

How to Save Money with Amazon India Lightning Deals I had covered some tips and tricks to save money with Amazon.in here and since then many readers contacted me asking for additional tips. So here I am listing all the tips and tricks and show you how to save money with Amazon.in. As I wrote […]

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List of best financial advisors in Borivali

You would have seen my blog post with respect to how to select a financial advisor  / planner in India. In that post I have listed down in detail various challenges that most people face when selecting a financial advisor  / planner.   First is the fact that many of them call themselves as either […]

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Habit of Saving Money in India – 15 Money Savings Tips

Habit of Saving Money in India – Money Savings Tips In order to achieve your financial goals and achieve financial independence, You need to save money. In fact, saving money in India has to become a Habit.   Look – saving money doesn’t mean that you become a miser. A miser is a person who […]

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Investing in Foreign Stocks from India

Investing in Foreign Stocks from India It’s possible to invest in Foreign Stocks from India. This could be done by investing money in International Mutual Funds or Direct investing in Foreign stocks from India In this article, we will cover both these options in detail. Also, read about my caveat regarding trading on insider information in […]

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Automate Bill Payments and Get Cashback

Do you incur late charges with your utility bills or phone bills or any other bills? All companies charges a late fee when the payment is made after the due date. Look – These late payment charges range from 40 to 100 rupees per bill each month. Many wallet apps provide the facility of paying […]

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Analyze your exposure in various MF schemes 

Analyze your exposure in various MF schemes Recently I got this question from a reader – Dear Sir, is there any website/Tool – (Paid or Free)  to analyze your exposure to specific securities in your mutual fund portfolio? I should be able to do it for both Equities as well as Debt Funds; for example […]

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5 Questions to Ask Your Financial Planner

5 Questions to Ask You Financial Planner Ask these questions to any Financial Planner before you engage his/her services 1.    How will you help me reach my goals? Our View – Helping you reach your goals is bigger than just focusing on stocks and the markets – it’s about understanding your priorities, your goals and […]

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Get Started and initial questions. 

Following are few steps to get started on your journey to achieve financial independence followed by frequently asked questions. For other questions please go through the blog. Please drop me a note if you still have questions and I will be happy to help you. So here it goes… 1. Create an emergency corpus. 2. […]

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How to participate in share buyback process? 

How to participate in share buyback process? Recently, one of the readers contacted me with the following question: How should one participate in share buyback process. Is it offline? Normally the company sends you a prospectus of the share buyback via mail. You can fill the form and get back to them. Nowadays most companies do […]

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Check PF balance via Missed Call

Check PF Balance via Missed Call:- Finally the good news, the new missed call facility for your PF Balance alert has started. In order to know your TOTAL Provident Fund  BALANCE, simply give a missed call on 011-22901406 from your registered mobile no. and u will get SMS alert immediately. If the UAN of the […]

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