Annuity and lump sum required after retirement.
Retirement is the phase of life when you start living for yourself after you are done with all your responsibilities. This is also that phase of one’s life where the income reduces and the expenses increase and the time when your savings will help you. We all know the importance of saving enough for our post-retirement years. However, many of us delay, sometimes till it is too late. Procrastination is a big reason for this, while some people delay saving […]
Have a family Budget in place? Here are some heads you need to delve into to get it right. Is your WILL ready? Learn about what needs to be done
FACTS YOU SHOULD KNOW BEFORE INVESTING IN MUTUAL FUNDS AFTER THE NEW GUIDELINES PUT FORWARD BY SEBI
Introduction We hear a lot about mutual funds being the best investment option for long term and a critical instrument in beating the rising inflation in media these days. There is a common idea that it is one of the best tool to get exposure to the capital market, which is true in case of the investors who lack the time and expertise to do research on the capital market. Most of the times, people are advised to invest for […]
Research Note: Employee Provident Fund – How to Check Balance, Transfer or Withdraw
The Employee Provident Fund or EPF is one of the most important retirement savings schemes in India. Here is some information on how to verify the balances and what are the methods to transfer or withdraw the money in the EPF account. Apply for UAN The UAN or Unified Account Number is an umbrella number for the multiple Employee Provident Fund Numbers or Member IDs allotted to an individual by various employers. The idea is to link these multiple employee […]
Benefits of Financial Planning
Contents Benefits of Financial Planning. 1 Why should I avail Financial Planning services as against regular investment advice?. 2 Financial Planning process. 6 Benefits of Financial Planning services. 7 Why Choose a CFPCM: 8 Benefits of Financial Planning The term Financial Planning gained traction in the past few years and by now most, if not everyone, would be familiar with it. However, people still associate it only with investments and wealth management. For most of the people personal finance […]
Financial Health Check with Personal Financial Ratios
While we continuously postpone the task of making investments or following financial discipline to another day, there are some simple tools in personal finance that can serve as benchmarks to help us gauge our financial situation. Just as we evaluate a company’s balance sheet with Financial Ratios, our Personal Finances also can be assessed with the help of a few simple ratios. The task, though, is much simpler compared to analyzing Balance sheet of a company. All it requires is […]
What legal matters are to be considered before writing a Will?
According to the Indian Law, “Will is the legal declaration of a person’s intention which he wishes to be performed after his death and once the Will is made by the testator it can only be revoke during his lifetime.” A person cannot give his ancestors property in the form of a Will but he can make a Will only of his Self-Acquired property . A Will regulates the succession and provides for succession as declared by the testator. The statutory […]
HAPPY CHILDREN’S DAY While we spread financial literacy to adults, we thought it apt to start at the roots- This is a presentation prepared for LKG and UKG school going children. It was very well taken and accepted by the kids!
Financial Jargon Demystified
Financial Jargon Demystified
Understanding Monetary Policy – By Dilshad Billimoria
July 2015 Monetary Policy Money is a unit of measure, a medium of exchange, and has value in exchange for goods and services traded. Monetary Policy Initially started under the Chairmanship of Sukhamoy Chakroborty to assess the functioning of the Indian Monetary System. Monetary Policy helps in stabilising the money supply in our economy, provides for price stability, helps in identifying the growth of real output, thus leading to enhanced economic growth in our country. Reserve Bank of India is […]