Tag: Investments

How to create a fool-proof will to ensure a smooth inheritance

“This experience made me realise how important it is to create a will. It took me more than two years to get all assets transferred in my name,” says Chopra.  There is no official data on how many people have created a will in India. In an independent survey of 467 people, online will-making platform […]

Locked out of the US housing market? Here’s how to win ‘revenge’ in the meantime

Hacked off with soaring housing costs and stubborn mortgage rates? Disgusted by skimpy supply and the fierce bidding wars that are now required to find a decent place to live?  If you’re looking for revenge, buy mortgage-backed securities. No, investing in these lesser-known financial instruments won’t directly cut high housing costs. But it will position […]

How to stay protected from pig butchering financial scams? Here are 7 key steps

In simpler terms, pig butchering is a version of smishing where scammers use social media platforms for cyber theft. As the name suggests, the victim is being ‘fattened up’ through validation and friendship before ‘butchering’ i.e. stealing of funds. A simple ‘Hi/Hello’ on a social media platform from a stranger’s profile can turn into a […]

How to check your EPF account balance? A step-by-step guide

The Employees’ Provident Fund (EPF) stands as an excellent avenue for retirement savings in India. It promotes consistent savings by involving contributions from both employees and employers. The automatic deduction from your salary for EPF renders it an exceedingly convenient method for retirement savings. Below is an outline of the contribution framework: Employee’s contribution: Typically, […]

How to manage your anticipated salary appraisals?

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. […]

Of tax-saving investments: here’s how to pick the right ELSS fund

Tax-saving investments are an essential part of financial planning, and equity linked saving schemes (ELSS) have gained popularity for their dual benefit of tax savings and potential wealth creation through equity investments. However, picking the right ELSS fund is not that straightforward, given wide range of options available, across different fund houses. Here is a […]

How to reactivate your lapsed PPF account — A step by step guide

The Public Provident Fund (PPF) stands as an excellent investment choice for numerous individuals in India. It presents appealing features, such as a 15-year investment duration, tax advantages on investments, interest earnings, maturity proceeds, and a decent interest rate of 7.1%. An annual investment in the PPF can range from a minimum of ₹500 to […]

How to start investing in the stock market — A step by step guide

The investment process is now notably more convenient and accessible than in the past, courtesy of diverse digital platforms that have streamlined the overall investing experience. Below are the steps you should follow to effortlessly purchase stocks from the convenience of your home: Open a demat account Initially, select a Depository Participant, which serves as […]