Personal Finance Archives - Mymoneysage Blog

Inheritance rights of Woman: Here is how to secure | My Money Sage

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

Women have always faced discrimination and have not been able to inherit ancestral property due to several reasons. As a woman you need to be aware of your inheritance rights whether as a wife, daughter, mother or a sister. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now Read more...
How does expense ratios affect your Mutual Fund returns | My Money Sage

August 19, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Mutual Fund, Personal Finance, Tax Planning

Its a zero-sum game, the higher the expense ratio, lower will be your Mutual Fund returns. The expense ratio of a mutual fund is the annual fee that the fund house charges for managing your money. A lower yearly expense will boost your returns and help you to accumulate a more substantial corpus in the Read more...
5 reasons to invest in REITs and InvITs | My Money Sage

August 2, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, NRI, Personal Finance, Real Estate, Retirement Planning

While investing in Real Estate retail investors face two challenges one is the ticket size and the other one is liquidity, this is where REITs and InvITs come handy. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now What are REITs and InvITs? Real Estate Investment Trusts (REITs) Read more...
How will Union Budget 2019-20 impact your finances | My Money Sage

July 8, 2019 | by KishorKumar Balpalli | Financial Planning, Personal Finance, Tax Planning

Finance Minister Nirmala Sitharaman’s maiden budget provides a road map for moving from a $2.7 trillion economy to a $5 trillion economy in the next five years. The budget shows that the government’s focus is on widening the tax base and improving tax compliance. Get your financial plan done by a Registered Investment Advisor. Its FREE, Read more...
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...
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...