Personal Finance Blog - Mymoneysage

Section 80G, 80GGA: Here’s how you claim deductions on donations

March 30, 2020 | by KishorKumar Balpalli | Financial Planning, Insurance Planning, Investment Planning, Tax Planning

If there is one section under the Income Tax Act, 1961 that anyone can use, it is section 80G, helps you claim deductions on donations. Irrespective of whether you are an individual, company, or a partnership firm, you can claim tax exemptions under this section. Even if you are a Non-Resident India (NRI), you are Read more...
Ratings of Direct plans Mutual Funds are lower than that of Regular plans, why?

March 18, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Mutual Fund

Do you know that there are many mutual funds whose direct plans have a lower rating than that of Regular plans? Does this defy logic? For instance, the BNP Paribas Multi Cap fund is a 4-star fund if you look at the direct plan. However, the regular plan seems to have a 5-star rating. Why Read more...
Life planning or financial planning?

March 13, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

For most people, money is a part of life while for some others money is life. Does that mean financial planning is important for the latter and life planning is essential for the former? That’s not so. For every one of us, money is important to achieve financial goals and dreams. We ran the rat-race Read more...
Can the Coronavirus cause a recession?

March 11, 2020 | by KishorKumar Balpalli | Financial Planning, Health Insurance, Insurance Planning

Everyone is tracking how the coronavirus is spreading widely beyond its origins in China. This seems to be leading to economic damage across the world. What’s happening? Can Coronavirus cause a recession? Get Free evaluation of your investments & a financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Read more...
Bank Auction: Be aware while buying a property

March 4, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Buying a property in a Bank action? Banks sell off properties of those who have defaulted on loan payments. This includes both residential and commercial. The best thing about these auctions is that the properties are sold off at prices that are much below the market prices. However, there are many risks involved in buying Read more...
Matthew Effect: Here is how the rich get richer

February 21, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Have you seen how the rich get richer and the poor get poorer? It is said that this is because of the Matthew Effect. The wealthy can capitalize their success and privileges to become more affluent. It is said that those who strategically leverage the Matthew Effect become dramatically wealthier as well as more powerful. Read more...
How to choose travel insurance that suits you best

February 20, 2020 | by KishorKumar Balpalli | Financial Planning, Insurance Planning, Investment Planning, Personal Finance

As a frequent traveler, you need to choose travel insurance that protects you. However, choosing the right travel insurance that protects you against flight delays, loss of baggage, trip cancellations and other hassles. is not always easy. You have to understand if you are eligible for the policy. Get Free evaluation of your investments & Read more...
Travel insurance: why do you need to buy?

February 20, 2020 | by KishorKumar Balpalli | Financial Planning, Insurance Planning, Personal Finance

If you are like the many who love to take a vacation abroad, However, there is one thing you need to pack with out fail: that is the travel insurance. Here’s how you will prepare for a big trip abroad, You will pack way too much, realize your suitcase does not close, then start taking Read more...
Market Research Report – Feb 2020

February 17, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Many domestic and global statistics will show the way forward for our markets this month. These include India’s Consumer Price Index (CPI) numbers, government yields, and jobless claims, manufacturing index data from the US. Here are the details you need to know. Get Free evaluation of your investments & a financial plan done by a Read more...
How do interest rates affect your investment portfolio

February 12, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance, Tax Planning

Every year the Reserve Bank of India (RBI) changes the interest rates in the country using its monetary policy. This affects a number of industries. You know that loan rates change. However, do you know that your investments get affected too? Interest rate dynamics play a role in every one of your investments. Let me Read more...

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