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An emergency fund can be your safety net in tough times. Here's how to start building one without overhauling your life.
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The higher your investment corpus, the faster it grows in absolute terms, even if the rate of return stays the same
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It is simple to underestimate the way your daily decisions—such as ordering takeout, buying upgrades to gadgets, or weekend consumerist splurges—will silently undermine your money health. These innocent-looking habits tend to slip into your life and steadily blow out your monthly budgets unnoticed. Here’s how to identify and fix them.
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Are you investing in SIPs but unsure if you're doing it right? In this video, we break down the 5 most common mistakes SIP investors make—and how to avoid them to maximize your returns and secure your financial future.
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The ministry had first attempted to conduct such a survey in 1955, followed by another one in 1958, but did not release the results of the surveys.
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India's saving culture has evolved from necessity to ambition. With technological growth, increasing connectivity, and opportunities for education and health, the focus has shifted towards long-term prosperity and national development
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Common financial mistakes like overspending, not tracking expenses, and delaying investments can significantly hinder your ability to save money.
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From principal repayments to interest deductions, your home loan can unlock several benefits under India’s income tax laws.
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HDFC Bank has reduced its savings deposit rates by 25 bps, while Bank of India has cut fixed deposit rates across maturities. In a falling interest rate scenario, depositors must rework strategies to optimise liquid assets, say financial advisors
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UP has 4.5 million accounts under the scheme with an 11 percent share, compared with 1.6 million by March 2019 and 25,766 in 2015
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Sebi's new asset class, Specialised Investment Funds (SIFs), is transforming the investment landscape by offering higher flexibility and advanced strategies for investors with a higher risk appetite. In this video, we break down how SIFs work, who can benefit from them, and why they could be the perfect fit for your portfolio. Watch to learn how SIFs differ from traditional mutual funds and why they might be the next big thing in investing!
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The government has expanded the Treasury Single Account to cover all Central sector schemes, which have budgets of more than Rs 100 crore. In FY24, the threshold for similar schemes was higher at Rs 500 crore. Altogether, savings of up to Rs 18,000 are expected in this fiscal, which are being attributed to just-in-time payment measures, according to an official.
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While financial savings account for 46% of gross household savings, only 6% is allocated to mutual funds, underscoring the significant growth potential in the mutual fund industry
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Debt can be scary and overwhelming, but with the right strategy, it can be managed and eliminated. Two popular approaches to debt repayment are the balloon method and the avalanche method. Each has its own advantages and disadvantages, and the best choice for you will depend on your specific financial situation and goals. Debt is a heavy burden, both emotionally and financially. It can limit your ability to save, invest, and achieve your long-term goals. Fortunately, there are several effective strategies you can employ to reduce your debt and regain control of your finances.
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Tracking your net worth is not only for high-net-worth individuals. Whether you're just starting to manage your finances or you're working toward bigger financial goals, regularly monitoring your net worth can help you set realistic financial goals, improve spending habits, and measure progress over time.
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While saving and investing wisely are crucial, you should also aim to increase your income over time. Whether through salary increments, bonuses, side hustles, or freelancing, any additional income can be directed towards your Rs 1 crore goal.
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Saving money can feel like an uphill battle, especially when you're on a tight budget. However, with a few small changes to your daily habits, you can significantly increase your savings.
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Majority of the Sovereign Gold Bonds have been trading at a premium on secondary markets as street chatter grows that the government might halt any more tranches. To add to this, the Reserve Bank of India recently allowed premature redemption of SGBs issued between May 2017 and March 2020. Lovisha Darad discusses if investors should hold on to their SGBs until maturity or not.
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Over the past few months, deposit growth has lagged credit growth. With Finance Minister Nirmala Sitharaman and RBI Governor asking banks to shore up deposits to ensure liquidity remains intact, Zoya Springwala discusses if equities and the rallying markets are the reason behind their worries!
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To avoid committing errors while filing your income tax returns, it's better to start the process as soon as you get access to your Form 16. Here’s a quick guide and a couple of do’s & don'ts that you can heed to
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Tapping into your retirement may not be ideal but sometimes becomes inevitable. Here are simple steps you need to keep in mind when you plan to withdraw from NPS. Can you withdraw the full amount? Is the amount taxable? Watch this video to find out
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The deadline for tax-saving investments for the year ended on March 31, 2024. And if you still haven’t made those tax-saving investments, unfortunately, the time has slipped away. But you must not get disheartened as you can still start planning your investments for FY24-25. And it is important to make the right investment choices right at the start of the new financial year as it can have a major impact on your finances. But how to choose one? Watch this video to find all the answers.
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These savings schemes like the post office savings account, national savings certificates, public provident fund (PPF) and Kisan Vikas Patra (KVP) help the government to borrow money from individuals
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'Soft saving' has been called Gen-Z's answer to hustle culture. Here is what this financial planning trend is all about.
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Having a sufficient retirement corpus is something we all dream about. Enough money for expenses, leisure, travel and medical emergencies is what we strive for. But many times we fail to invest for retirement savings. Well, even if you start late, you can still build a corpus of crores! Watch to know more
