During my interaction with serving Officers, I find many of them still put all their savings in the DSOP fund with 7.1% annualised returns. With inflation hovering around 7.5% (lifestyle inflation is much higher), we are getting a negative appreciation on our investments. Moreover, any investment of more than Rs 5 lakh in DSOP from … Continue reading Should We Invest only in the DSOPF/PPF?
In every walk of our lives, we need commandments which we try to follow to achieve success. Our financial life is no different. By doing our best to follow these commandments, we are almost certain to have a good financial life and mental peace. Here are the 10 commandments which will help us achieve the … Continue reading 10 Commandments of Personal Finance
Recent data released by National Stock Exchange (NSE) has revealed that retail participation (Individual Investors like you and me) in the stock market in the non-derivative segment has been on the rise over the last five years and has reached a high figure of 45% in FY21 as compared to 33% during FY16. And the … Continue reading Are we Investing or Trading in the Stock Markets?
Union Budget announced on 1st February 2021 has proposed to levy income tax on interest earned by an individual on his/her contribution in excess of Rs 2.5 lakh in a financial year to all recognised provident funds(includes Employees’ Provident Fund/Voluntary Provident Fund/DSOPF). It means any contribution of more than Rs 20,800/- per month to EPF/VPF/DSOPF … Continue reading Contribution towards Employees’/Voluntary Provident Fund/DSOPF
Did you know 95% of Indian households invest their hard-earned money in physical assets like real estate and gold, primarily because of the following reasons: These are tangible assets that we can feel and be happy about holding We invest with a long term view assuming these are safe investments and will provide decent compounding … Continue reading Financialisation of Savings
Finally, the year 2020, one of the most difficult years in the recent history of mankind when coronavirus brought our lives to a grinding halt, is behind us. It was a disaster in the form of a virus that struck mankind all over the world; people lost their lives, livelihood and struggled to cope up … Continue reading Important Money Lessons Learnt During The Year 2020
There have been a large number of queries from the retiring officers as regards options available towards investment of retirement corpus. Although the investments are planned based on the risk profile, financial goals and the time available to achieve these goals, there is a common belief to park this money in ‘safe’ assets, primarily consisting … Continue reading Investment Options For Retirement Corpus
Why do we have to save money? Money has only one language, you save me today I will save you tomorrow! We need to save money to cater to our future requirements which may be far exceeding our income. It may be our children’s education, their marriages, our retirement corpus, or buying a house, to … Continue reading Why Should We Start Investing Early?
Most of the Officers whom I have interacted with during the last few months are not happy with the performance of their investment portfolios. Ever since the onset of COVID -19 in Mar 2020, these portfolios have shown great vulnerability towards financial market volatility. Not only equity investments, either directly or through mutual funds, but debt … Continue reading Not Happy With Your Investment Portfolio?
Central Board of Direct Taxes(CBDT) vide their letter dated 18 th July 20 has informed that existing form 26AS will carry additional details of high-value transactions as part of the Statement of Financial Transactions(SFTs). Existing form 26AS carries the following information The tax which has been deducted at source (TDS) like it is being deducted … Continue reading What Has Changed In New Form 26AS?