Navigating the 2023 Union Budget: An In-depth Look
The Union Budget 2023 has brought some significant changes that will impact the lives of High Net Worth Individuals (HNIs). In this blog, we will take a closer look at these changes, and share our thoughts on how they could impact you. More Benefits for Higher Earners: Reduced Peak Rate Surcharge The budget has introduced […]
Uncovering the Truth: P&L of Individual Traders in Equity F&O
The stock market is one of the world’s most volatile and unpredictable financial markets. In recent years, the equity futures and options (F&O) segment has gained significant popularity among individual traders due to its high liquidity and low entry barriers. In this segment, traders can buy or sell futures and options contracts based on underlying […]
Republic Day Special: Building Your Financial Future
As we celebrate the 74th anniversary of India’s Republic Day, it’s important to reflect on not just the progress and accomplishments of our nation but also on our personal life journey’s so far. Just like our country makes a gradual transition to a modern state, it’s important to work on transitions in our personal and […]
Understanding Exit Load in Mutual Funds: What Investors Need to Know
When investing in mutual funds, it’s important to understand the concept of exit load. This is a fee that some mutual fund companies charge investors when they redeem or sell their units within a certain period of time after the initial investment. The purpose of this fee is to discourage short-term or speculative investments and […]
The Value of Comprehensive Health Insurance in India
Recent data on health insurance in India shows that asset sales or loans finance 47% of rural and 31% of urban India’s hospitalization costs. A health insurance plan or health scheme covers at least one member of 41% of Indian households, according to the National Family Health Survey-5 (NFHS-5). These statistics highlight the importance of […]
Which investments assist in tax saving?
Household savings are primarily held in fixed deposits, states the Reserve Bank of India’s (RBI) annual report 2022. Fixed deposits account for 6% of gross national disposable income (GNPI), while equities account for 0.5%. However, there is a larger issue impeding wealth growth: tax inefficiency. People are so focused on tax deductions that they overlook […]
Money resolution tips for 2023
We all make resolutions at the beginning of the year, but they typically end up being forgotten by the time February rolls around. One reason for this is that we frequently set goals that are too ambitious to accomplish. This is especially true when it comes to financial goals and our expectations versus actions, versus […]
How do you manage inflation in personal finance?
Let this headline sink in. Retail inflation in the nation, as determined by the Consumer Price Index (CPI), decreased from 6.77 percent in October to 5.88 percent, an 11-month low. Inflation in the food basket, as measured by the Consumer Food Price Index (CFPI), decreased month over month from 7.01% in October to 4.67% in […]
Monthly Average Balance in Savings Account: What, How, and Why
Let this headline sink in. According to information obtained through an RTI filed in 2017, SBI had received Rs235 crore in fines from 3.89 crore normal savings accounts for failing to maintain a monthly average balance. This is from a PSU which has a far lower minimum balance requirement in comparison to most private sector […]
Which vehicle-a Mercedes or a SIP-would you pick?
If you haven’t been living under a rock, you’ve probably heard about the current trending debate on SIPs being the luxury automaker’s main rival in India. The argument is pertinent in the Indian context because there is a much greater emphasis on saving than there is in the west. There aren’t any reliable state-run benefit […]