For a young investor, there would not be an important concept more than asset allocation strategy i.e. diversifying your investment portfolio with the right mix of mutual funds (MF), stocks, fixed deposits (FD), real estate etc. A great asset allocation strategy makes sure that your portfolio is well diversified and reasonably aggressive to help you
About Rishabh ParakhThis author has not yet filled in any details.
So far Rishabh Parakh has created 85 blog entries.
Mr Joshi, age 43, working with an MNC having an annual income of about Rs 15 lacs, wants to buy a health insurance policy for his family consisting of his wife and two children’s and also his parents (age 62 & 63). But he got confused with so many policies available around with complex features,
Investing majorly in Bank FDs & typical insurance policies: Though we Indians have upgraded our phones and lifestyle in a big way in the past few decades but when it comes to investing money, our pattern is still very old fashioned. The trend is changing but at a snail pace. Still most of the savings
Union Finance Minister Arun Jaitley presented the Budget for 2018-19 on Thursday in the Parliament. Here's how the budget will impact the large salaried and pension class of the country. 1. Personal Income Tax Slabs: Your personal tax structure remains unchanged and the basic exemption limit is not enhanced . So you will continue to pay
In one of their recent monthly coffee meets, three best friends, Soniya (beautician), Nidhi (homemaker) and Manish (salaried person), found themselves deviating from the usual topics of discussion of career, job, family or vacation to a more serious discussion about their personal finance looking at the scheduled Union Budget to be announced on February 1.
It has been seen that many times salaried taxpayers end up paying extra tax, especially during the end of a financial year, mostly due to the last-minute declaration of their investment proofs with their employer. Let us see some of the smart tax planning tips to optimise your Section 80C investments as there is hardly
What would you do if you have taken a home loan and happen to receive some surplus money via maturity of your old investments, bonus or in any other form. It has been observed that people, especially salaried class, are always willing to close their loans as it reduces their burden. But having received some
Tax planning is an art to reduce your tax outgo by making sure that all the applicable provisions as given under the income tax act to reduce your tax liability have been availed of. Tax planning ensures the optimal minimisation of the tax liability within the law frame and also takes care of your short
Manoj recently sold a bitcoin for Rs 325,000 which he had purchased few months back, but he is not sure about the tax he has to pay or how this income or a gain needs to be declared in his tax returns. Like Manoj, there are many who had purchased and booked some profit due
Before planning to invest in any of goals people always check inflation and its impact on the returns on their investments. For example, Rs 100 lying in your home today won't be equivalent to Rs 100 at the end of a year, and could be say Rs 94 post inflation at the rate of 6%.