We have all read his name in rare admiration, and equal awe. Warren Buffet, the third richest man in the world is something of a legend when it comes to investing. Now you must be wondering why am I talking about the richest man in the world (well almost) in a blog that mostly talks…
A few days ago I was enjoying the rainy weather with fresh donuts and coffee, when I got a call from my friend Shivani. She works in a bank and does most of the financial planning for her clients- and wanted to discuss NPS with me . Normally this would sound like a marketer trying…
How to do financial planning for doctors in India? What financial management tips and wealth advice can help doctors to reach their financial goals? There is a good family friend of mine, who is an extremely well known doctor in the medical circles. He had his own practice, worked at a government hospital, and was…
When you repay your home loan before the completion of home loan tenure, it is called prepayment of home loan. You can make the prepayment in part or full. Normally, people decide to prepay the home loan when they have additional surplus. What is Part Prepayment of Home Loan? Let us see an example to…
This article explains in detail – the list, types and example of personal financial goals. Before going further, let us see what a personal financial goal is? What is a Personal Financial Goal? Personal financial goal is the target amount of money required for specific future financial needs. It differs between person to person. A…
Which is a better investment product after introduction of LTCG (long term capital gains) – ULIP Vs Mutual Funds? Is ULIP good investment? This is a million dollar question asked by many investors. Before answering, why Mutual Funds are better than ULIPs? Let us compare the difference of charges first between ULIP Vs Mutual Funds….
If you are looking for any Insurance or LIC`s best child plan for education and marriage in India, this article, with calculator, is not for you. Insurance Companies and LIC`s child education plans are normally traditional policies which will not give you more than 5%-6% returns. The returns from these policies would not be sufficient…
What is the prime objective of buying a Life Insurance Policy – To provide ‘financial protection to your dependents, Right’. Then, is it not essential for us to understand who gets our Life Insurance claim, if anything happens to us? Here comes the role of nomination and assignment. We all know how important life insurance…