FINANCIAL PLANNING


Moneylife Digital Team 07 May 2021
Death in a family is an unsurmountable loss to family members and it takes a lot of time to come to terms with it. We have observed that accessing fixed deposits (FD) of the deceased person often becomes a long drawn, stressful process for legal heirs even as they grapple with their grief....

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Moneylife Digital Team 07 May 2021
A screenshot of a LinkedIn post by ISB (Indian School of Business) gold medallist Sarthak Ahuja has recently gone viral on WhatsApp and other social media with a claim that if someone with active employment passes away due to COVID-19, his or her legal heirs are eligible to receive money...

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Nita Mukherjee 03 May 2021
There is a positive development for holders of Government of India bonds who are using the demat account of Stock Holding Corporation of India Limited (SHCIL). Since 13th April, their ‘system’ has started accepting applications for nomination in the case of joint-holders of GoI...

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Summer is here and there is a heat wave in the stock market too. Everyone wants to pile on to the rally and it seems the market will keep rising. The lack of depth and breadth in our markets acts as a major accelerator. And strong earnings recovery in the big companies plus record commodity...

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Knight Frank, an international property consultancy, in their Attitudes Survey 2021, cited that 84% of Indian ultra high net worth individuals (UHNWIs) have reassessed their attitudes to succession planning in light of COVID-19.   UNHWI's from countries such as Canada (90%), Turkey...

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Moneylife Digital Team 26 February 2021
Whether sudden or unexpected, the death of a loved one/parent is a harrowing time for us. It becomes even more so if the person happens to be the family's breadwinner. In the circumstances, handling finance matters while coping with emotional pain, can be stressful. The survivors/legal heirs...

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This is a very complex question, not only because it straddles an entire lifetime, but also because it has strong overtones of emotion, security and comfort which affect different people differently. Let me try to highlight some of the main factors for two groups of people – the newbie...

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Moneylife Digital Team 23 September 2020
Public Provident Fund (PPF) continues to be one of the most preferred tax efficient savings products in India to build a retirement corpus. PPF investments of up to Rs1,50,000 (per financial year) are eligible for tax deduction under Section 80C, and the amount received on maturity is...

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Moneylife Digital Team 04 July 2019
Provident fund (PF) or employee provident fund (EPF) is a popular government of India run scheme, which functions as a useful social security net for individuals employed with eligible organizations. Under the scheme, the employees contribute around 12% of their basic pay plus dearness...

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Courts have come to the rescue of lakhs of investors who face the prospect of losing their entire retirement savings parked in the toxic IL&FS bonds by their respective pension and provident fund trusts.   Sources said that the National Company Law Appellate Tribunal (NCLAT) hearing...

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Shajai Jacob 28 January 2019
Whether the real estate market remains bullish or bearish, non-resident Indians (NRIs) prefer a place back in India - not just for investment returns but also to remain rooted in their country of origin. Previously, NRIs (like most other buyers and investors) had every reason to be leery of...

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Moneylife Digital Team 02 November 2018
When financial planners and relationship managers present an investment scheme or plan, they emphasise mainly the wealth generation aspect of the product, enough to make their clients drool.   What they often hide, or ignore, is an important component—inflation. Money inflation is an...

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Moneylife Digital Team 10 August 2018
The market regulator, Securities and Exchange Board of India (SEBI) has made it mandatory for all classes of investors that, except in case of transmission or transposition, requests for transfer of physical shares will be accepted only if the securities are held in demat form. SEBI has given...

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Moneylife Digital Team 02 August 2018
On 1 February 2018, i.e., the day of the Union Budget 2018, finance minister Arun Jaitley announced capital gains tax @10% on long-term capital gains (LTCG) of equity and equity-oriented mutual fund (MF) schemes, starting this financial year. This announcement caused a lot of stir in the...

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Clinton Fernandes 22 May 2018
Do employees take advantage of all tax-saving benefits available to them? Research by Zeta-Nielsen on 1,233 employees from manufacturing and service sector showed that one in four employees did not understand tax-saving possibilities through benefits that form part of their salary...

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If you want to work for money, you will be doing that throughout life. If you can’t protect your money, financial predators will chip it away. If you don’t budget your money, others will make you fritter it way. If you don’t invest properly in the right assets, your money will be eaten up by...

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PR Balan 11 May 2018
Kishore, 25, is an energetic and enthusiastic youngster, employed in a top software company for three years. He was excited to receive an email from his human resources department (HRD) informing him that the management was arranging a pleasure trip to Bangkok for star performers, and Kishore...

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Whether one accepts the answer to this question or not: What is the single most important thing in this world, which will shape your dreams, your time, your freedom and your identity? It’s money. And what is the most misunderstood, under-explained, mis-explained concept? That is also money....

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From childhood, we endeavour to teach our children the importance of savings and how to open and operate a bank account. When we get our first salary or earn our first income, we are likely to invest in bank deposits. This is fine for a start; but it is not a good idea to continue for all...

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We all are social animals and we remain the same social animals while thinking about money and investments. Let me discuss the common financial mistakes that we, human beings, make as social animals; to understand that, we have to turn to Behavioural Economics. This combines twin disciplines...

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