Here are a few tips for Financial Planning for the Self-employed: With individuals quitting the regular jobs, Self-employment has become the new in-thing. It offers a lot many opportunities to follow one’s passion. An entrepreneurial pursuit can be rewarding for an enthusiastic and creative individual. [MMS_EBOOK] Self-employment allows you to be your boss. It gives […]
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Here’s How to prevent misuse of Aadhaar number: On a Sunday morning, while watching favourite TV channel, Ramlal got a message on his phone saying that a bank has issued a credit card in his name. [MMS_EBOOK] But he never applied for one! Then how come the bank approved the application? Looks like Ramlal’s Aadhaar
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Here are some signs to identify whether you are a victim of Financial Infidelity or not: Mr Ravi Kumar was an ambitious and a prosperous person. Throughout his career, he had made a lot of investments. But he never revealed any of this either to his wife or any of the family members. Upon his
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Here’s Why and How of Systematic Withdrawal Plan (SWP): With a Systematic Withdrawal Plan (SWP), you can withdraw a chosen sum of money from a mutual fund at specified intervals. The intervals relate to a fixed date of every month/once in every two months or every quarter. [MMS_EBOOK] You may initiate an SWP to fulfil
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Here’s all about Investing in Equity Mutual Funds vs. Individual Stocks: Whether equity mutual funds are better than individual stocks or not? [MMS_EBOOK] This question has been perplexing investors from quite some time. The investors want exposure to return potential of equity shares. But they are unsure as regards combination of securities and portfolio management.
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Here’s whether SIPs are risk-free form of investment or not?: Systematic Investment Plans (SIPs) have been regarded as the best mode of investment in mutual funds. It gives you the benefit of averaging and compounding. This strategy is suggested by financial advisors especially in the case of highly volatile equity mutual funds. [MMS_EBOOK] Averaging implies
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Here’s Why and How to Link Aadhaar with PAN: Recently, the government made Linking Aadhaar with PAN (Permanent Account Number) mandatory. It was the result of latest changes made to the Income Tax Act. Section 139AA was introduced in the IT Act by way of an amendment to Finance Bill, 2017. [MMS_EBOOK] The government aims
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Here are guidelines relating to using the Rule of 72 & doubling your money: The Rule of 72 is indeed a fascinating math rule! By using it, you get to know how much time it will take to double your money. All you require is to assume a rate of return. It is a convenient way
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Here are guidelines on whether you should rely on Mutual Fund Star Ratings or not: Off late, star ratings have become very popular in the selection of mutual funds. Mutual fund ratings evaluate the performance of the fund over a period. These ratings tend to influence investors’ decisions. Undoubtedly, the ratings provide a bird’s eye
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Here’s the Role of Yield Curve in choosing Debt Funds: Yield Curve is a line graph that demonstrates the relationship between yields and maturities. Yields are expressed in percentage and maturity is depicted in years. It can be used to compare the yields of bonds of same credit risks but different maturities. The yield curve is
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