Everyone wants to become rich and enjoy financial independence . But we are not clear about the way to reach the crorepati club. Monthly investment of 30,000 rupees for 10 years in mutual fund SIP would place you in crorepati club. Let us discuss how to invest the 30,000 rupees in SIP investment. Diversify the investment by investing in multi-cap, ...

Earlier days, People would keep money in saving account.  If they have  lumpsum and want returns from that lumpsum, they would deposit then money in fixed deposit. Fixed deposit returns are 5.50 to 7.00% (annually) vary based on bank.  It is all fine for 1980. In 1980, people want to keep the money in safest deposit and financial knowledge is ...

In recent post, discussed on reverting the LTCG tax on long term investments.  This post we will discuss an expected announcement of reverting LTCG tax on mutual funds investment which would make “Mutual funds investors happy:)” . In Budget 2018, with the withdrawal of Sec 10(38), there is a proposal of a parallel introduction of Section 112A to tax LTCG ...

Indian investors gives more preference to LIC or ULIP insurance plans.  They think it is safe and government handles their money.  But it is not efficient way of securing your family expenses and risk cover.  There is better alternative to insurance plans or ULIP linked insurance plans. Smart alternative is Term insurance + Tax saving Mutual funds. Plan your risk ...