Indeed, a common and relevant question when building an investment portfolio. The quick answer is: Give preference to equity mutual funds when the goal is- “Wealth creation or preservation but you must have a longer time horizon”. You will be able to create wealth by investing in financial products that beat inflation over the long term. FDs may not even help in wealth preservation if you fall into a higher tax bracket (20% & above).…
Are you feeling lost when it comes to managing your finances? Or maybe you’ve got big goals like buying a home, paying off debt, or saving for retirement, but you’re not sure where to start? That’s where a financial coach comes in! A financial coach helps you understand your financial situation, set realistic goals, and create a plan to reach financial stability. Let’s dive into how a financial coach can make a big difference in…
Zingadi ke saath bhi, Zindagi ke baad bhi… Let’s specifically talk about, JUST Aane waali Zindagi – Securing our family life for the next 6-12 months That’s your Financial EMERGENCY Preparedness. Four very critical things to consider: #1 Contingency Fund Establish a separate fund to cover at least 6 months of essential living expenses (should ideally go higher to 12-15 months). For example, if your monthly expenses are Rs 1 lakh, allocate at least Rs…
Every time my family plans a trip abroad, the mantra quickly becomes – “Don’t count the days. Make the days count!” ⏳✨ In our quest to experience the best, we keep planning for better hotels, better flight options ✈️, not-to-be-missed excursions … the list goes on… We even end up adding nearby popular tourist destinations/cities. When we visited Dubai last year, how could we not take our children to Warner Bros. & Ferrari World in…
Have you heard of the Income Tax Saving Festival in India? Well, usually it starts in the last quarter of the financial year (Jan-Mar) when many employees scurry to provide investment proof to save tax outgo. Sadly, many of our last-minute decisions prove to be poor investments thereafter and hence it’s a good idea to start the tax planning exercise early on. If not already, why not from today? Let’s start… In India, several financial…
The time is the middle of December and Rohit was busy finishing a task at work when he receives an email from his company’s HR. HR is asking to submit investment proofs by the end of the month. This reminded him of the last time when he didn’t submit any investment proof, a significant portion of his salary was deducted in lieu of taxes. He didn’t want a repeat of the same situation as the…
There are more than 8.4 million doctors in India today, contributing to annual growth of a phenomenal 16-17% of the hospital industry. If the spends on healthcare are increasing, so are the earnings. But while the doctors take care of our physical health and fitness, they need to ensure the fitness and good health of their finances too! Not an assumption, but these have been the foremost observations when consulting some of our clients who are medical…
Despite the various reading material available in digital and print media nowadays, there really cannot be the one ideal guide for financial planning. What you invest in and how, is directly proportional to your goals in life, your willingness to take risks, your age and the corpus you have created. There is no one-fits-all solution and hence the need for financial advisory. As per a study last year, 70% of Indian investors are working with professional financial…