Life Insurance coverage: How much do you need to buy? Life Insurance purchase decision is often regarded as an intricate process. From choosing the right insurer to determining the adequate sum assured, needs to be handled wisely. The sum assured or the life insurance coverage needs to be adequate to ensure that your dependents lead […]
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Here is a comparison of Top 5 ELSS Schemes 2016: Equity-Linked Saving Schemes (ELSS) are one of the best tax saving avenues that would help you generate a sizable corpus to meet your long term goals. These are open-ended diversified equity mutual fund schemes that have a lock-in period of 3 years. Investment in ELSS
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Everything you need to know to use UPI – Unified Payment Interface Unified Payments Interface (UPI) is an innovative application launched by the RBI and developed by National Payments Corporation of India (NPCI) to make India a cashless economy. UPI app is available for download on Google Play Store. As compared to traditional methods of
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Choosing between Value, Growth or GARP: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Stock-picking is a process wherein you conduct a systematic analysis to select a few stocks to add to your
Value, Growth or GARP: Which is a better investing strategy? Read More »
Knowing Debt Funds & the risks associated with them: Debt Funds primarily invest in fixed income instruments of varying maturities such as Government Bonds, Debentures, Money Market Instruments, and Corporate Bonds, etc. To diversify risk, investors prefer to hold a certain proportion of their portfolio in debt funds. It is so because debt funds have the
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Here is a comparison between NPS and Mutual Funds: The New Pension Scheme (NPS), a defined-contribution scheme initially launched for the government employees, was extended to all the citizens of India by the end of 2009. It is an ambitious annuity plan aimed at building a vast corpus to provide regular income to you, post-retirement.
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All you need to know about Reverse Mortgage Loan enabled Annuity (RMLeA): Reverse Mortgage Loans (RML) were introduced in 2011 to provide financial security to the senior citizens in their post-retired life. It offered several advantages like principal amount based on the value of property instead of credit history of the borrower, periodic loan receipts
Here is all about a new initiative by RBI to restrain illegitimate money collection schemes: It was as recent as December 2015, when one of the Ponzi schemes came into limelight. It was with the arrest of the chief of Sai Prasad Group of Companies, he was arrested for collecting up to Rs. 2000 crores from around 20 lakhs
Sachet: A new initiative by RBI to curb illegal money collection schemes Read More »
Reverse Mortgage Loans (RML) for uniform income after retirement: Dwight L. Moody once rightly opined “Preparation for old age should begin no later than one’s teens. A life which is empty of purpose until 65 will not suddenly become filled on retirement”. Where as we have Mr Raghav Sharma who believed otherwise, he never gave retirement planning
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A guide to understand your CIBIL Credit Information Report: Mr. Lokesh Kamath, an IT professional, is prompt in paying his dues & has never defaulted on any of his repayments. Lokesh applied for a credit card and to his surprise, his application was rejected citing a bad credit score; Lokesh was in a state of shock,
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