If you stop a running SIP, you are preventing yourself from taking advantage of rupee cost averaging.Read more
Category Archives: Personal Finance
An additional deduction for investment up to Rs. 50,000 in NPS is available to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 lakh available under section 80C of Income Tax Act.Read more
Is the National Pension System (NPS) the right instrument for tax saving and building a retirement corpus?
NPS allows subscribers to claim additional exemptions of Rs. 50,000, u/s 80CCD (1B) over and above the limit of Rs. 1,50,000, u/s 80C. Further, the lumpsum amount is completely tax free when withdrawn.Read more
NRI’s today are spoiled for choice with a host of interesting investment options within the country.Read more
Despite the falling interest scenario, there is still some AAA-rated corporate bonds that offer as much as 8-9% interest for a 5-year tenure.Read more
By the time we have crossed the 50-year threshold and are left with limited years of earning, we are almost done repaying our existing loans. Retirement planning thus never comes into the equation and we are left with no choice but to depend on others during the most vulnerable years of our lives.Read more