The Blog.

6 Essential personal finance basics explained

Six weeks into the COVID-19 lockdown and its associated uncertainties. Personal finance basics couldn’t be any more important. Spending on essentials only. Zero spending on lifestyle expenses for 40 days. Unthinkable, but as the lockdown has shown eminently doable and survivable. What would happen to your finances in these circumstances?   An accident/major illness in

Read more

Opt for the new Income tax regime or continue with the old one

Finance bill 2020 provides two options while paying Income tax from F.Y. 2020-21 i.e. Assessment year 2021-22 onwards. How does a resident individual choose an option? Should the individual choose the option at the start of the next financial year or wait till return filing time? The new Income tax regime has been touted as

Read more
Risk Management

Buying a health insurance policy

Healthcare-related expenses are increasing by 12-15% every year in India. A major operation/surgery/illness can set you back by 5-10 lakhs. Consequently,buying health insurance for your family is of utmost importance.   According to an ICE 360° survey (Oct 2014) from people research on India’s consumer economy, among the top 20% of the households in India

Read more
Non Resident Indian

Checklist for a Non Resident Indian

You’re an NRI. Congratulations. Your NRI status affects your banking and investment accounts as well as Income tax. As per Income tax act, an individual can be : Resident and ordinarily resident, Resident but not ordinarily resident, or Non- Resident ‘Non-resident Indian’ is an individual who is a citizen of India or a person of

Read more
Investment Planning

What is Asset Allocation?

Asset allocation is the amount of money you commit to each of the asset classes such as equity (equity mutual fund/stocks), debt (FD/PPF/ Debt mutual fund/Bonds) , real estate (residential/commercial), gold and cash. Asset allocation is the most important step in investment planning says Richard Ferri , author of “All about Asset allocation”. How do

Read more
Financial Planning

What is Lifestyle Inflation ?

You know you have arrived when you get a fat increase in your salary and look for different ways to spend it. After all, you feel “I deserve it after all the hard work”. How about buying that 40k smartwatch or the 50″ TV or the 5 star vacation you had planned. Welcome to lifestyle inflation. Lifestyle

Read more