Short Review of few Mutual Funds

I did a short and crisp review of some mutual funds for a friend . thought of sharing this here. Franklin India Prima Fund – Dividend 151/208 138/157 61/75 are the ranks for 1 ,3 and 5 year . Not a great one to cheer about . Risk Grade: Above Average Return: Grade Average Tata […]

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Most important questions you should ask a ULIP agent

When an agent approaches you with ULIP product; before filling up forms, he should be explaining you What is a ULIP and how it works! You should ask him the following 6 questions to make sure you know what you are about to buy! 1. What are the returns offered by this ULIP? As per the rules […]

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How needs and wants are different from each other?

One of the important aspects of Financial planning is spending money wisely. Now, what does it mean when I say “Spending money Wisely”? All the expenses & spending activity we do can be classified under two sub heads ‘Needs’ & ‘Wants’. Improper handling of money happens when you spend too much on your Wants and too less […]

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First Step of Financial Planning : Planning

This post will tell you all about why Planning is the most important and first step in the process of Financial Planning! Any action that is to be taken needs a proper and precise planning before implementing it. I have seen many people pinging me about their investment plans or decisions to take Term Insurance or […]

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Tax Exemption limit may be raised to 1.7-2.0 lacs

Today in morning newspaper, I read that in this budget Tax exemption limit may be raised to 1.75-2.00 lacs . What will that mean to a common person like us . It simply means that we will be left with some extra surplus every year . A male who has taxable salary of 4 lacs […]

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Video post on Basic Formula in Personal Finance

This is a Video post by me , where I have tried to teach some basic formula’s for starters who should know important calculations using which they can calculate important stuff like Maturity value of Investment when they make SIP payments , or one time payments . I am getting some questions like “I want […]

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How different Products can yield different post tax Returns?

This post will teach you how to take advantage of different products tax rules keeping in mind your income tax bracket. Different products can yield different post-tax returns for people in different tax bracket. FD’s return can be 7.2% post tax for you, but may be its 5.6% for me 🙁 Lets take an example […]

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Everything you want to know about Super Annuation

The only schemes that comes in your mind when it comes to retirement benefits are EPF, NPS & PPF. But there is one more scheme i.e. Super Annuation about which lot of people don’t even know. And those who know about it they don’t know how much corpus they have as their super annuation. In […]

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How to Calculate Net Present Value (NPV) and how to use it?

In this post we will talk about How to think and calculate Net Present Value of a transaction involving Financial Payment, and why its important to understand the concept. Consider the following Example : You have to lend Rs 1,00,000 to one of your friends and He is offering you following choices. Choice 1 : […]

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How to Calculate Capital Gains and What is Indexation ?

In this post we will learn How to calculate Capital Gains or Losses. A lot of people make mistake in this . If you buy a house in 1995 at Rs.10 lacs and sell it at Rs.20 lacs in 2009. On how much profit will you pay the tax? If your answer is Rs.10 lacs , […]

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