Financial Planning Archives - Mymoneysage Blog

5 risks you should understand before investing in Mutual Funds | My Money Sage

June 25, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Advisor, Investment Planning, Personal Finance

Mutual funds offer many benefits, such as convenience, transparency, liquidity, low cost, flexibility, and diversification, but there are also certain risks associated with it. Indians have always preferred to invest in gold, real estate, and bank fixed deposits. Now, more and more people are opting to invest in mutual funds regularly through Systematic Investment Plans Read more...
5 Lessons that investors must learn from Bikebot & IMA scam | My Money Sage

June 24, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

One thing commendable about financial fraudsters is that they always come up with creative and innovative ideas to lure gullible investors, the regularity of investment frauds has shown how vulnerable our society is to such abuse. The recent expose of two significant investment frauds IMA and Bikebot are a case in point Get your financial Read more...
9 Things to Do When You Get your First Salary | My Money Sage

June 17, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

The first salary and the message that it is credited to your bank account is an exceptional and satisfying feeling for anyone who has just started earning. And, if this is your case, you might have started jumping in joy and excitement, planning to make the day a memorable one. But, hold on there and Read more...
Financial Independence vs Regular Retirement |My Money Sage

June 12, 2019 | by KishorKumar Balpalli | Financial Planning, Retirement Planning

Financial Independence/Freedom is a state in which you have enough wealth to lead your entire life comfortably, without having to work for it. In other words, you would have attained financial freedom when your passive income exceeds your expenses. In this article, we will be looking at regular retirement vis a vis FIRE (Financial Independence Read more...
10 NPS(National Pension Scheme) withdrawal rules that you should know | My Money Sage

June 8, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Retirement Planning

The government introduced the National Pension Scheme (NPS) to provide a regular income to retired people. The NPS offers a range of withdrawal options before and after retirement. Here we will look at the different options for withdrawal from the NPS. Let’s take a closer look at the NPS withdrawal rules that apply to different Read more...
13 Reasons for Indian Rupee Depreciation Against US Dollars

May 11, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

The Indian rupee has been depreciating against the US dollar since 1966, and Here we shall look at some of the reasons why the Indian Rupee (INR) has been depreciating against the US Dollar (USD). The INR is now close to the 70/USD level. Get insights on your personal finance by a Registered Investment Advisor. Its Read more...
6 reasons to secure your Financial plan for kids with special needs | My Money Sage

April 20, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Parents of a child with special needs have to make financial plans for two generations. They need to provide for their own needs and their child’s current and future needs. Planning is necessary for the period when they will not be there to provide guidance and support. “As special needs parents you might not have Read more...
Complete Investment Guide On Shariah Investment Portfolio In India | My Money Sage

April 5, 2019 | by KishorKumar Balpalli | Financial Planning, Mutual Fund, Personal Finance, Tax Planning

Sharia investments are also known as Halal investments. They encourage people to invest in a socially-responsible way according to Islamic principles. These investments have to follow a detailed set of Sharia requirements and rules. Shariah investments or Sharia compliant investments follow the principles of Islamic law. They encourage people to invest in a socially responsible Read more...
11 Rules to know – Am I an NRI under FEMA and the Income Tax Act? | My Money Sage

April 4, 2019 | by KishorKumar Balpalli | FEMA, Financial Planning, income Tax, NRI, Tax Planning

Your residential status determines which investments you can make and how much tax you will have to pay. Many of our clients ask us about whether they are Non-Resident Indians (NRIs) or residents. They are not able to make sense of the rules under the Foreign Exchange Management Act (FEMA) and the Income Tax Act. Read more...
What is yield curve inversion? How does it impact markets | My Money Sage

March 25, 2019 | by KishorKumar Balpalli | Advisor Zone, Financial Planning, Investment Advisor, Investment Planning, Mutual Fund, Personal Finance

An inverted yield curve shows that an economic slowdown may be imminent. The yield curve is one of the leading indicators that analysts use to predict the direction of the stock markets. In the United States, analysts have used it to forecast all the recessions in the last five decades. The yield curve has not Read more...