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 […]
Continue readingQualities 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 […]
Continue readingHow 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 […]
Continue readingTax 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. […]
Continue readingFinancial 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 […]
Continue readingReasonably 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: […]
Continue readingPF Login – How to Login to EPFO Member Portal
PF Login – I am going to list down all the steps that is required for logging into EPFO Member Portal. The EPFO member portal at http://members.epfoservices.in provides all information and services related to your EPF (Employee Provident Fund). You have to log into the portal to check your EPF balance by accessing your online EPF […]
Continue readingMerge 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 […]
Continue readingShould you withdraw provident fund and invest in Equity Mutual Fund?
Given that the Equity mutual funds give approximately 14% returns in long term, then should one withdraw provident fund and invest in Equity Mutual Fund? This is the question we will discuss in this post and pros and cons of it. First who can Withdraw Provident Fund? Anyone over 54 years of age, and within […]
Continue readingDoes 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 […]
Continue readingEPF 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 […]
Continue readingEPFO to credit exchange traded fund ( ETF ) units to provident fund accounts
Employees’ Provident Fund Organisation ( EPFO ) today revealed that the proposal to credit exchange traded fund ( ETF ) units to provident fund accounts has been approved. See this News Article There are approximately 4 .5 crore members in the EPFO presently. Nevertheless, account holders will see them incorporated in their PF accounts by March-end in the coming year. EPFO’s Central Provident Fund Commissioner revealed that […]
Continue readingEPF – Employees Provident Fund & EPS – Employees Pension Scheme
For Past couple of days, both EPF – Employees Provident Fund & EPS – Employees Pension Scheme has been in a lot of news and discussions primarily due to Supreme court judgement – News Article. This judgement allowed Mr Praveen Kohli to get a 1200% hike in pension primarily because, in October 2016, the Supreme Court directed […]
Continue readingYou 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 […]
Continue readingBuying 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 […]
Continue readingApproach 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 […]
Continue readingSalary 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 […]
Continue readingHow I Save Money Every Month With Amazon India Super Value Day
I am assuming that you must have already read my previous blog post as to how to save money with Amazon Lightning Deal. If you have not read that article, then I request you do so now. In this article, I am going to show you how I am savings hundreds of rupees if not […]
Continue readingReview of ICICI Pru Medical Advantage Feature
Review of ICICI Pru Medical Advantage Feature I had invested a small sum in ICICI Pru Short Term Direct Plan Growth Option. And Recently I got an email from them on Medical Advantage Feature. I started wondering whether investments in this fund could be a good alternative to Mediclaim or Health Insurance. And what are the […]
Continue readingHow 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 […]
Continue readingThe 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 […]
Continue readingHow 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 […]
Continue readingFile your IT Return to report your income email from IT Department
File your IT Return to report your income – Email from IT Department If you have reached to this post that means that you have recently received an email to File your IT Return to report your income. In recent times, the IT department has become excellent in communicating directly with the tax payers via email and […]
Continue readingList 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 […]
Continue reading26AS Statement Email Message from Income Tax Department
Several people are receiving one of these 26AS statement email message from IT department and they are panicking. The sender of these email is”DONOTREPLY@incometaxindiaefiling.gov.in” with the subject line saying – File your IT Return to report your income. Few people have also received SMS from DZITDEFL or VKITDEFL on the same topic. We will cover the […]
Continue readingHabit 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 […]
Continue readingHow to get your CIBIL score for FREE
How to get your CIBIL score for FREE Do you know what is your CIBIL score? Or what is inside your credit report? You will agree that it makes you anxious to know what would be written inside your credit report. In the following sections, I am going to show you how you get it […]
Continue readingInvesting 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 […]
Continue readingAutomate 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 […]
Continue readingAnalyze 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 […]
Continue reading5 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 […]
Continue readingGet 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. […]
Continue readingHow 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 […]
Continue readingAadhaar and PAN Linking
Aadhaar and PAN Linking Currently, there is lot of confusion and misconceptions around linking of Aadhaar card number with Permanent Account Number (PAN). Basic misconception is that you have only two days left to link your Aadhaar card with PAN. And if you don’t link it, you PAN number will become invalid. I saw this message […]
Continue readingBuying Tax-Free Bonds in the Secondary Market in India
Buying Tax-Free Bonds in the Secondary Market in India Last Year i.e. 2016 saw an influx of Tax-Free Bonds from many Government PSU ( Public Sector Undertakings) but this year there is not a single offer in the market and neither government plans to bring any (Thanks to tons of liquidity with Banks due to demonetization). But […]
Continue readingCheck 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 […]
Continue readingTerm Insurances – FAQ
How to identify the best rated Term Insurances? Recently one of my clients asked me what is the basis on which one can identify the best rated Term Insurances? Is there is any organization is providing the ratings or methodologies for this? Firstly, What is Term insurance – Term insurance policy is a form of life cover, it […]
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