Financial planning is a complex process which requires you to review your current fiances, cash flows, estimate future cash flows as well as financial obligations,create goals and map money that you will require to achieve the goal, understand amount of insurance you would need now and in future, look at your tax outgo and
With evolving economic and financial landscape financial planning and financial planners have been steadily gaining attention in India. With liberalization,economic opportunities improved for individuals and Indian employment profile moved from majority public sector to private sector which resulted in reduced state-sponsored retirement benefits, increased incomes and low job securities etc.
Simultaneously as economy opened up new avenues of investments
Financial planning is a process which helps you to create structured and sensible decisions to help manage your finances better and achieve finance and life goals by proper management of your finances, you can read my post on financial planning for beginners to understand this in detail.
Financial planning is for every
Financial planning is an ongoing process and set of actions which enables you to take structured and sensible decisions to help you meet not just your financial obligations and goals but help you
Even before Department of Post got approval from RBI to open up a payment bank, India Post has been active in securing last mile deposits with its various saving schemes, currently India post holds more than 6 lac crores of balance in its various saving schemes, this is almost half of what biggest
One of the important questions i typically get when I advise our customers on financial planning is should I move my money from savings account to Liquid funds, this blog post attempts to answer this question, before we answer this question lets try to understand why do people keep money in savings account , for me there are 3 reasons
- To ensure liquidity , so that money can be used whenever required.
- Get some returns as money
This blog post will try to answer following questions
- What are liquid funds
- Where do liquid funds invest
- What are the top liquid funds in India
- Why and when you should invest in liquid funds
- Why liquid funds are better than saving accounts
- Liquid funds versus Fixed deposits
- Tax implications of liquid funds
- How to chose liquid funds
What are liquid funds :
Liquid funds are
Fixed Deposits or their close cousin RD’s ( Recuring deposits) are the most popular saving instrument in India.According to RBI,Indians invested approximately Rs 6800 Billion in fixed or bank deposits that means more than 55 % household savings are invested in Bank deposits.
While Fixed deposits are popular because of risk-free nature of the asset and
Personal Savings : Whatever you earn you can either consume all or chose to not , part of your earnings you chose not to consume is called Personal Savings, you can chose to keep your savings in bank account or invest it in Real estate, bonds,shares, Mutual funds or other financial instruments
National Savings : National savings is the sum of personal savings and the corporate savings, which is the profits which corporates do not
Everyone wants to make the best use of their money. However, as financial industry evolved, lot of financial products have emerged making it difficult for investors to chose suitable products which can help them meet their financial goals and build a sustainable long term financial portfolio.
This blog tries to present the best investment options for