This season marks the period when employers are actively evaluating their employees’ performance before determining their respective appraisals. The appraisal review often results in a salary increase for many, creating opportunities for financial growth. Achieving a salary increase is a significant milestone, but it’s crucial to employ a strategic approach in utilizing those extra funds. … Read more
The dynamics of index funds have changed significantly in the last few years in India. With the proliferation of awareness initiatives and the introduction of innovative benchmark schemes by mutual fund houses, investors are exploring this universe with active interest. Simply put, index funds replicate a stock market index in terms of a portfolio. For … Read more
According to the data shared in parliament, during a Lok Sabha session in February 2023, student loans amounting to ₹39,268.82 crores were disbursed over the past decade. Embarking on the education loan journey marks the initial stride towards financial independence for students, and responsibly repaying it is essential to build a healthy credit score. Therefore, … Read more
Entering the new calendar year brings you nearer to the conclusion of the financial year. It is essential to comprehend your tax obligations before establishing any financial objectives. Examining your financial situation provides a comprehensive view of your present standing, and skilfully integrating insurance can yield various advantages beyond mere protection. Insurance products play a … Read more
Parents can start investing for these long-term goals immediately after childbirth. They can do so using their own bank accounts or start a new one for the child. These days, many parents prefer to open separate accounts for their children and invest in them—investments that can be accessed by the children after they turn 18 … Read more
But, this Golden Age of your life is when your biggest challenges start – finances and health-wise. And experts state that you better start your planning in right earnest. “Retirement demands meticulous financial planning to ensure that your golden years are fulfilling and financially secure,” says Anup Seth, Chief Distribution Officer, Edelweiss Tokio Life Insurance. … Read more
For long-term wealth creation in India, investing in mutual funds through SIPs (Systematic Investment Plans) has become one of the most prevalent and successful strategies. SIPs give investors the ability to systematically accumulate wealth by allowing them to invest a certain amount into the mutual funds of their choice at frequent intervals, usually every month. … Read more
The onset of the new year prompts a sensible commitment to dedicating daily hours to enhance one’s understanding of personal finance. Our journey begins with an exploration of the rule of 72, paving the way for investors to delve into aligning their investment strategies with retirement planning. Recognizing that not everyone aspires to work indefinitely, … Read more
Indian economy has been a shining star on the global stage amidst a peer group witnessing a slow to no growth rate. The World Bank, in its latest India Development Update, highlighted the Indian economy’s “resilience” despite challenges in the global environment. The economic outlook is promising on the domestic level in the coming year. … Read more
When visiting a bank branch to purchase a financial product, it is essential to understand the various forms of mis-selling that can occur. Mis-selling refers to the unethical practice of selling financial products to customers without providing accurate and complete information about the product, resulting in the customer making ill-informed decisions. “Banks must ensure their … Read more