FINANCIAL PLANNING


There is a plethora of court decisions interpreting various aspects of the Hindu Succession Act, 1956 (HSA) and with many contradictory findings.   None is more vexatious than the interpretation of the implications of the amendments introduced in 2005 that provided equal status to daughters...

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The death of a loved one is a universally painful experience. In India, the confusion around transmission of assets renders the process of claiming one’s inheritance even more painful, especially when the deceased is the bread-winner of a family who has not made a Will or been careful about...

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In August 2022, the Supreme Court (SC) first issued notices on a public interest litigation (PIL) that noted senior counsel Prashant Bhushan had helped me file on the need for a centralised database to pay back unclaimed funds lying dormant in pools with various financial regulators and...

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Sponsored Post 11 September 2023
Investing in the stock market is a dynamic and complex endeavor, with investors seeking opportunities that align with their risk appetite and financial goals. Two popular exchange-traded funds (ETFs) that offer exposure to specific sectors are Bank Bees and IT Bees. Bank Bees focuses on the...

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Sponsored Post 31 August 2023
Investing is a crucial step towards securing your financial future. But in the face of a plethora of investment options available, one may find it overwhelming to make the right choice. Whether you are a beginner just starting out or a seasoned investor, aligning your investments with your...

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This time, I want to air some thoughts on the wealth that you accumulate over a life time and how to ensure that it is correctly distributed after your demise, if you do not want it to go into government coffers.    You may also want to ensure that your heirs do not have to spend time...

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Sponsored Post 27 June 2023
While looking for an investment plan, a person must select a plan that will provide them with higher returns. Many investors do not have adequate knowledge about the stock market and need to figure out investment options that best suit their interests. Therefore, to help you out, here are...

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Moneylife Digital Team 08 June 2023
While allowing the eviction of a seller, who accepted full payment and gave a memo of possession to the buyer, the Supreme Court clarified that a Will or general power of attorney (GPA) cannot be recognised as title documents or documents conferring right in any immovable property, and...

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Around 74% of Indians are concerned about their personal financial situation, as opposed to 50% globally, while 63% of Indian consumers are cutting back non-essential spending altogether, a new report said on Thursday.   According to the "2023 PwC Global Consumer Insights Pulse"...

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Sponsored Post 04 August 2022
With how easy it is to check your credit score online, maintaining a healthy profile is much easier. In just a few clicks, you can know your CIBIL score information without harming your score. However, certain financial undertakings do impact your score negatively. For instance, defaulting on...

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Dr Nita Mukherjee 09 April 2022
Small amounts clearly add up to a lot for the banking system leading to a policy of denying part of the interest benefit of investors. While investor organisations advise people to make it a point to deposit their public provident fund (PPF) contribution before the 5th of April, in order to...

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The proposal to cut the interest rate on employees' provident fund deposits was dictated by today's realities where returns on other small saving instruments were even lower, Union finance minister (FM) Nirmala Sitharaman told the Parliament on Monday.   The central board of...

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S Nag 24 February 2022
The ongoing fiasco at the National Stock Exchange (NSE) is testimony to the blatant disregard of sound corporate governance practices in institutions, which are allowed to function as closed entities, despite being instrumental in decisions and actions that have immense national as well as...

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I face some interesting questions from younger people about how to create a savings and investment strategy. That has set me thinking. Everyone’s end goal is the same—build a pool of savings and investment that will work for you once you stop working. But each one is differently wired and...

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One outcome of the devastating, once-in-a lifetime pandemic is a grim realisation about our lack of preparedness for unexpected tragedies. Those who have lost loved ones over the past 20 months had to run the harrowing gauntlet of succession issues, while trying to come to terms with their...

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IANS 06 September 2021
People with Employees' Provident Fund and Voluntary Provident Fund (VPF) contribution of over Rs 2.5 lakh per financial year will now have two separate PF accounts.   Finance Minister Nirmala Sitharaman had announced, in this year's budget, that PF contribution of more than Rs 2.5...

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At a time of low interest rates and rising inflation, it is natural for money to seek higher returns. Every asset class has its own risks and some may have liquidity issues as well. We need to understand these risks and assess our risk appetite in money terms before venturing into new...

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Moneylife Digital Team 22 May 2021
A couple of years back we heard this tragic story about a well-off, retired couple. Mrs Iyer was diagnosed with stage IV cancer and passed away soon after. A year later, Mr Iyer was diagnosed with Alzheimer’s disease. Friends and extended family rallied around, wanting to help but were...

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COVID’s virulent second wave has had a horrific impact on ‘people like us’ who believed that our social standing, savings and insurance would get us adequate healthcare and protection in a crisis.   The virus has shown us the deadly reality. Entire families have been wiped out; young...

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Moneylife Digital Team 08 May 2021
We save and invest in the hope of providing a better life for ourselves and our loved ones. But death is inevitable. So what happens to our mutual fund (MF) units when we die?   Transmission of MF units is a process whereby units held in the name of deceased unit-holder are...

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