As you are aware, Budget 2020 got a slew of changes for Non-Resident Indians (NRI). We endeavour to collate announced provisions and its impact for you. Residential status criteria under section 6 There are three provisions announced, which you should take note of regarding Residential status. New provision for taxation introduced based upon residency status. […]
Warren Buffett’s annual letter to shareholders of Berkshire Hathaway provides deep insights into how he and his partner Charlie Munger are thinking about investments. His net worth is USD 91 billion (about Rs 6,50,000 crore). 99% of his net worth is invested in a single stock. At the age of 89, he doesn’t want to […]
Sometimes branding is everything in life. Life insurance didn’t take off until they changed the name from death insurance. Escargot sounds more appealing than eating snails. Global warming might be more concerning to more people if they called it planetary destruction or something that’s not so warm and fuzzy. Budgeting probably has the worst branding […]
Meet Ms. M. She is an investor with a moderate risk appetite. This is her investment portfolio. It comprises a combination of funds. The funds have been chosen only after considering her risk appetite. Visual of line graph We have been planning Ms. M’s finances for the past 15 years. During this period, Ms. M’s […]
A Chinese proverb says: “The best time to plant a tree was 20 years ago. The second best time is now.” That attitude is at the heart of investing for retirement. Investing for retirement is important at any age. There is nothing wrong in starting in your 20’s or in your 40’s. What is more […]
Going away from the routine, doing something different is energising. It’s recreational. I have not come across a single financial plan where we have not provided for Travel & Holidays. Everyone loves to Holiday. We have planned budgets for many holidays for our clients – domestic travel, Europe tour, World Tour, Travel for World Cup, […]
In line with Children’s Day theme, we are sharing two experiences that talk about the challenges of building an Education Fund. Often, we meet prospective clients who wish to discuss ways to create an Education Fund through judicious investment. We hope it helps you work out which is the best way to build an Education […]
On the eve of Children’s day, we thought of discussing the topic of child education fund. For families providing for child education is basic goal. It’s on virtually every investor’s mind. Here are some of the things we have learned from our experiences. Deciding on how much funds are needed for child education is not […]
As you grow in your profession and career, your earnings increase. And so do your lifestyle-related expenses. The thing about lifestyle-related expenses is that they are often unnoticeable; in other words, they creep up on you, because of which they are often hard to control. For e.g. Watching Movies in mall at PVR & INOX […]
One of the essentials of good investment planning is preparing for the future, whatever it may bring. Therefore, a vital component of a solid investment planning is an emergency fund. An emergency fund is designed to cover a financial shortfall when an unexpected expense crops up. Your emergency fund can serve as a place to […]