In India, the National Pension System (NPS) is a well-liked retirement savings plan that provides a flexible investment framework and tax advantages. If you now subscribe to NPS, you may be wondering how to adjust your investing choices to better suit your financial objectives or the state of the market. The good news is that you may easily change your ...
With its array of investment possibilities and tax benefits, the National Pension System (NPS) is one of the most widely used retirement planning instruments in India. However, just like any investment, the performance of NPS funds might change depending on your decisions, especially when it comes to the asset class and Pension Fund Manager (PFM) that you choose to invest ...
Generating a monthly pension of ₹1 lakh using the National Pension System (NPS) is achievable with proper financial planning, consistent contributions, and the power of compounding over time. Here’s how you can plan for it, including detailed calculations and an understanding of the risks and rewards involved. Understanding NPS and Its Benefits The National Pension System (NPS) is a government-backed, ...
The Indian government’s recent budget for 2024-25, presented by Finance Minister Nirmala Sitharaman, has introduced significant changes to the long-term capital gains (LTCG) tax on real estate. These changes include the removal of the indexation benefit and a revision of the tax rate. This article explores the implications of these changes, compares the tax liability under the previous and new ...
Imagine having ₹1 crore at your disposal. It’s a substantial amount that opens up numerous opportunities to generate passive income. While securing a fixed income isn’t always possible in the world of investments, a strategic allocation can help you achieve financial stability and peace of mind. Here’s how you can split your corpus and invest wisely to create a steady ...
Retirement planning is crucial for financial security in your later years, and the National Pension System (NPS) is an excellent way to achieve this. Whether you are new to the concept of retirement planning or looking for a reliable pension scheme, this guide will help you understand the NPS, its benefits, and how to get started. What is NPS? The ...
Planning for your child’s future can be a complex task, given the myriad of financial options available today. Parents often find themselves overwhelmed by choices like Unit Linked Insurance Plans (ULIPs), mutual funds, and child education plans. Each of these financial instruments comes with its own set of benefits and drawbacks, making the decision even more challenging. Understanding these options ...
In today’s financial landscape, credit cards are essential tools for managing expenses, earning rewards, and building credit history. Among the various credit card options available in India, RuPay credit cards have emerged as a popular choice. Launched by the National Payments Corporation of India (NPCI), RuPay cards offer a range of benefits tailored to the needs of Indian consumers, including ...
Financial planning is about making informed decisions that maximize your financial health and minimize unnecessary expenses. Recently, I faced a dilemma when buying a scooty worth ₹1,14,000. Even though I had enough savings to pay the full amount upfront, I opted for an EMI plan. This decision wasn’t just about convenience but also about strategic financial planning. Here’s a detailed ...
Are you stressed out about your debt? You’re not alone in this! This post will guide you the information that you need to smartly handle your loans, credit cards, and EMIs. Debt management is the planned and skilled way to manage your debts, which includes things like making a budget, planning how to pay back the debts, and evaluating the ...