Recently a Cooperative Bank (PMC Bank) in India got bankrupted/failed. It is really unfortunate to see depositors waiting for their money. The event has again showcased, that there is Risk in Everything. The concept of RISK-FREE is a myth. Banks can fail & even countries can. But are Bank FD safe in India? If yes,Read More
Financial Planning
ELSS Meaning, Features & Reasons to Invest
If you ask any financial advisor or planner including us, about Tax Saving financial products, the chances are very high that you will be recommended an Equity Linked Savings Scheme (ELSS). There are several reasons for advisors and investors to opt for ELSS over other similar Tax Saving financial products. Let us understand the ELSSRead More
Retirement Planning for NRI (Full Details)
Retirement Planning for NRI is a dilemma! Where, When, How & What to do right now keeps you thinking. Most NRIs return home but many decide to embrace the new country as their home. As an NRI, are you completely satisfied with the way you have been planning for your retirement? What do you think?Read More
15 SIP Myths Busted
Systematic Investment Plans (SIPs) have become immensely popular with lakhs of individuals opting for them. Almost 9000 Crores of amount hits the bank accounts of the proud SIP owners. SIPs definitely are an effective tool to multiply your wealth, but their growing popularity has resulted in certain misconceptions among investors. Given below are 15 popularRead More
Impact on Investments When Status Changes “Resident to NRI”
Becoming an NRI is an awesome thing… Though it means some paperwork. So let us guide you on what happens when your status changes from Resident to NRI. Common questions are – what happens to my bank accounts when you become NRI or what happens to mutual funds when you become NRI. So here is detail on what youRead More
Impact on Investments When Status Changes ” NRI to Resident “
Returning NRIs also come with loads of paperwork & money (I hope so). Coming back is a crucial decision and it invites again dealing with change in status from NRI to Resident or change in status from NRI to RNOR. It involves a process to inform various intermediaries about change in residential status. Whenever thereRead More