Most of us understand SIPs or Systematic Investment Plans. But, what is ‘Step-Up’ or a ‘Top-Up’ SIP? We know how SIP works, how we gain from disciplined investing, rupee cost averaging, power of compounding etc. But have you ever thought that as per your increase in salary, you can also increase your SIP amount every […]
Today’s woman matches shoulder to shoulder with her male counterparts, striding towards equal or greater success, while having to balance a lot more on their plates! From home affairs, to professional careers and nurturing their children, she has her hands full. It therefore becomes critical for her to step back and ponder over how financially […]
Although demonetisation may have not cured the black money epidemic, it has certainly brought relief to our banking system whose balance sheets were rotting with toxic debts. Thanks to the huge influx of cash, banks have generously reduced lending (loan) rates which will boost economic consumption. Demonetisation may have briefly created chaos but overall it […]
. Many of my young clients are cheering the rate cut by RBI, as now they will have to pay lesser EMIs on their auto and housing loans. Most of the corporate clients will reduce their debt burden as the interest outgo will reduce substantially. But there are some who are not at all happy […]
On 8th November evening, while I was enjoying my kulcha paratha at a Dhaba in Chandigarh, I noticed something wasn’t normal. Few diners had trouble swallowing their food and others had forgotten to chew! After my hearty meal, as I walked up to the cashier to settle my bill with a Rs.1,000 note, I still […]
“Buyer beware” is biggest fear echoing in the minds of equity investors. Based on an in-depth research on equity as an asset class, for individuals with a long-time horizon, stocks may be the least-risky asset of all. They deliver better returns and long-term capital gains tax is nil. Over 10 to 20 years, stocks/equity are […]
Cash is king! However, if it rests idle in your account, then the king is insignificant. There have been many instances where money is parked in our savings accounts for months and years, earning you paltry returns. Instead, if you deploy your funds into a liquid fund, the returns would be at least 60% to […]
“Dikra, I used to earn a salary of Rs. 400 per month in the 60’s and we used to still merrily save towards the end of the month. Earning 4 digits was what actors used to earn. Now, even an income of Rs. 25,000 per month isn’t sustainable”, feverishly said one of my clients. This […]
If you are a senior citizen, at a stage where financial security is of prime importance, and you want to call it a day to enjoy better parts of life, then read on. All these years you have worked for money and now it’s time for the money to work for you. This is the […]
“I felt like a con artist. It was like ripping the customer’s wallet open and burning his hard earned cash. If an insurance linked investment product earns my bank 10 times more revenue/commission as compared to a mutual fund or deposit, I have no choice but to sell it. It helps me keep my job […]
It’s like a sword hanging over your head, the biggest stumbling block to your investments. Benjamin Franklin famously quoted “Rather go to bed supperless, than rise in debt”. I’m talking about loans which are offered these days at the drop of a hat by financial institutions. When a person ran into debt he was considered […]