I. Introduction to personal financial planning Personal financial planning, in simple terms, is the process of managing one’s finances to achieve their set financial goals. It includes creating a budget,…
Estate planning is the process of organizing the distribution of your assets and taking steps to safeguard them after your death. This includes providing for your loved ones and making…
Term insurance is only a tool to transfer the risk to protect your family members against loss of income due to your death. Find out when you might need it and how to calculate your required coverage.
According to the 2019 Insurance regulatory development authority of India – National health authority joint working group’s report on fraud control: “Fraud shall mean and include any intentional deception, manipulation…
Investopedia defines equity funds as “a mutual fund that invests principally in stocks. It can be actively or passively managed”. According to SEBI regulations, an equity mutual fund must invest…
Debt mutual funds invest in variously rated debt instruments ranging from sovereign rated to AAA to BBB to junk status and all those in between. According to Investopedia “A debt…
Insurance regulatory authority of India (IRDAI), the insurance regulator, came out with a circular on the 18th of October 2022, directing health insurers to comply and provide cover for mental…
What does purchasing a laptop have to do with financial planning? Ideally a laptop purchase is planned well in advance and done before the current laptop becomes obsolete or too…
Cash flow forecasting gives a 360 degree view of your personal finances enabling you to prioritise financial goals to meet your present and future financial commitments, needs and wants. What is…
As an NRI, are you planning to leave your overseas job and come back to India? What happens to your overseas accounts, savings, NRE FD’s etc? When do you have…
