There are lot of misconception and myths about four Mutual Funds options (Growth, Dividend Payout, Dividend Re-investment and Bonus) which add to confusion in the world of mutual funds and agents use it against investors and make them fool… It is imperative that before you signify your choice of option, you are aware what they […]
Early withdrawal could lose your Tax Benefits under Section 80C
March is always a hectic month for many salaried tax-payers and concentrate all their energy into tax savings. They spend a lot of time in searching of the financial products in which they could save more tax because of their obsession with Tax saving as primary motto. Most of them, however fail to note that […]
How Banks fooling Home Loan Customer?
Nowadays, most people applying for home loan many never even go to the bank and all the process is done by middleman/agent/friends or relative working in bank for our convenience. Loan documents require a lot of signatures and contain lot of annexure, so we don’t bother to read them and rely on our agent.This kind […]
One Stop Shop for all things PPF!
Everyone knows the acronym of PPF i.e. Public Provident Fund and most of us want to open a PPF account, but keep postponing it just because of little knowledge about it and don’t know about its rules, interest rates, how it works, withdrawals, loans, documentation, nomination procedure etc. Even if one does not need it […]
Wake up Call! Powerful Provident Fund (PPF)
Don’t get surprised by title! Let’s begin our journey by understanding of this jargon word. Let me give you an investment proposal- How about you giving me Rs. 1lakh- every year for the next 15 years and I will give back Rs1 lakh to you every year from the 16th Year till the time you […]
Your Home Loan and Tax Planning!
While all of us have a dream of buying a dream home or constructing or reconstructing or repairing our homes, it’s also important to consider the tax angle when we decide to do any of these activities. For some, the amount of wealth they have created allows buying or constructing or reconstructing or repairing or […]
Syndromes of Risk-taking Ability!
“Never take more risk than you have the ability, willingness or need to take,” -Larry Swedroe Most of the people are ready to take the risk because of their inherent nature, positive attitude towards life, finance domain and knowledge of financial products etc. Irrespective of the fact that, whether they are able to take risk […]
All about HUF (Hindu Undivided Family)!
‘Hindu Undivided Family’ or ‘Hindu Joint Family’ or Hindu United Family’ is governed by the ‘Hindu Law’ only and it has not been defined under the Income Tax Act. So the concept of HUF can be defined as an extended family arrangement prevalent among Hindus of the Indian subcontinent, consisting of many generations living under […]