My husband and I earn ₹20 lakh every year and invest ₹40,000 every month through a systematic investment plan (SIP) which I started 2 months ago. At present, I have ₹3 lakh in direct stocks and some investment in gold. We want to accumulate a down payment of ₹1 crore in six years to buy … Read more
In case you have an SIP (systematic investment plan) for mutual fund investment into one or more schemes, it is understood that you have given standing instructions to your bank to deduct a pre-decided sum on a particular date. The amount that is transferred is usually deducted via Electronic Clearing System or ECS. But have … Read more
Most experts believe that the key to financial planning is diversification based on your risk profile as well as the duration you want to remain invested for. Diversification is one of the most important techniques in financial planning and investment. It is basically not putting all your eggs in one basket and hence aims to … Read more
Diwali signals the commencement of a new year for numerous Hindus in India. Spanning five days, this festival is marked by the illumination of lights, vibrant fireworks, and festive feasts. The significance of designating this celebration as the harbinger of a new start lies in its association with the goddess Lakshmi, the revered Hindu deity … Read more