Adding Spouse as Co-owner when Buying a House

It makes sense to add spouse as co-owner as it helps in enhanced loan eligibility and provides tax benefits to both co-borrowers on interest and principal repayment. Also, succession of a jointly owned property is smoother compared to the lengthy process involved in case of single ownership. Here are four benefits of owning a house… Read More »

How to choose a SIP Fund

Are there any best SIPs? SIPs are a medium to invest in mutual funds. Hence, there’s nothing like ‘best SIPs’; you need to select best or winning mutual fund schemes to invest so that SIPs work best for your objective of wealth creation to achieve long-term financial goals. So, selecting an appropriate mutual fund scheme… Read More »

Hierarchy of investment needs

We know how investing is different from just saving. If we put our saved money somewhere where it will grow, then that’s investing. However, there are a number of possibilities available when we want to invest, and it isn’t possible to make sensible choices without having a way to classify things. However, let’s not jump… Read More »

How to PPF Account extension after maturity

A PPF account can be retained after maturity without making any further deposits. The balance will continue to earn interest till it is closed. Public provident fund or PPF remains one of the most popular savings options for the long term despite a gradual decline in interest rates over the years. PPF accounts have a… Read More »

HRA for Tax Saving

Best SIP Funds to Invest Online If you are employed and are in receipt of house rent allowance (HRA) from your employer, you can generally claim an exemption in respect of rental payments made by you against such HRA. While rental payments to a parent are not specifically prohibited, rent paid to relatives may be… Read More »

Impact of Inflation on Savings

Inflation cut 100 to 14 in 30 years Inflation is often called the ‘silent killer’ because it significantly erodes the purchasing power of money over time. To establish a frame of reference, consider this: At 6.5% long-term WPI (wholesale price index) inflation in India, the purchasing power of Rs 100 has eroded to a dismal… Read More »

Single or Multi trip Travel Insurance Policy

Best SIP Funds to Invest Online Indians love travelling. The thought of exploring new places, learning new cultures and tasting local cuisines is both exciting and enthralling. But in that excitement, many of us generally forget to secure oneself from any unexpected events one can face during their travel. These can range from loss of… Read More »

Invest in Mutual Fund MIPs for higher Returns

MONTHLY INCOME PLANS V/ S POST OFFICE SCHEMES Investors looking for a regular monthly income can choose between Monthly Income Plans (MIPs) offered by mutual fund houses or Post Offices. Both have their own advantages and disadvantages. While the former can offer higher returns, since they invest in market linked instruments, the latter is safer… Read More »

FMPs good bets during stock market downturns

WITH equity market performance turning from bad to worse in the present calendar year, the focus has definitely shifted to debt market instruments, which often provide steady and regular stream of income for investors. One such debt instrument that has been hogging the limelight in recent times is the growing popularity of fixed maturity plans… Read More »

Liquid Mutual Funds vs Bank FDs

Liquid Mutual Funds are better than Bank FDs Most of us generally have a good amount of money lying around in our various savings bank accounts, earning just about 4% per annum. This money may be part of our salary waiting to be spent, maturity amounts of insurance policies or FDs, redemptions from investments or… Read More »