Blog Basic Principles of Investing in Debt Mutual Funds What are Debt Mutual Funds?   Debt funds are funds that invest in government securities and corporate bonds. Think of it like an FD. When you open a fixed deposit in a bank, you are essentially giving a loan to the bank and the bank in turn is paying you interest. Similarly, in case of debt funds, the fund manager is investing in govt. securities & corporate bonds who

Blog ELSS – Tax savings under 80 C along with healthy returns Most of us use Public Provident Fund (PPF) as an avenue for long term savings as well as availing tax benefits under section 80 C. The finance ministry last week rolled back a reduction in PPF & other small savings rate. However, a future reduction in interest rates cannot be ruled out.   Given the steadily declining rate on PPF & tax on

Blog National Pension Scheme   A retirement planning tool which helps you save taxes too! The National Pension Scheme is a social security initiative by the Central Government. This pension programme is open to employees from the public, private and even the unorganised sectors except those from the armed forces. The scheme is also applicable for non-salaried individuals having income from Business or Profession.  The objective of the NPS scheme is regular contribution by an

Blog Why do I need a financial plan? “If you fail to plan, you are planning to fail.” – Benjamin franklin We plan so many things in our life, our holidays, our marriage and children. Then why not plan our finances? Money matters are complex and intimidating. They warrant putting together a comprehensive plan to manage them. When to start financial planning As soon as you start earning is the answer! Just like it is

Blog All you wanted to know about mutual fund schemes We as investors have now got accustomed to Mutual Funds and SIPs thanks to the growing popularity of SIPs and awareness and publicity campaigns by AMFI under its banner ‘Mutual funds sahi hai’. There are over 2500 mutual funds schemes in India across various categories and fund houses. With the growing popularity, the Assets Under Management (AUM) of the Mutual Fund industry has grown substantially

Blog How to deal with falling bank FD rates in India? The interest rates in India and globally are presently the lowest on record. This trend has played out over the past few years and the trend line is downwards. The short term interest rates are as low as 3.5%-4% pa on FDs of major PSU and Private banks.   The benchmark 10-year G. Sec yield is around 6% which is again a record low in