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
Child Education is one of the top future expenses that is on mind of every parent. A 4 year Engineering in govt institute like IITs cost about 10 Lacs at present and a post graduate Degree in IIMs or prestigious B Schools costs anywhere between 30-40 Lacs at present. It is therefore inevitable to start planning for Child Education as early as possible to avoid any surprises later on.
Another financial year has just started and it is the perfect time of the year to plan for effective management of our personal funds. Financial planning i.e. planning your finances as the name itself suggests, is the most important factor in our lives but we often tend to ignore it or don’t have enough time to manage it effectively.
There are numerous things from the past that should be kept in mind while taking important decisions
Retirement starts with a vision and comes together with a great plan, there are two ways you can plan your retirement, one is what Dilbert suggests, but if you still think you need an alternate plan go ahead and read the post.
- Start Early,Save more now
Lot of time customers ask me when