Habit of Saving Money in India – 15 Money Savings Tips

Habit of Saving Money in India – Money Savings Tips In order to achieve your financial goals and achieve financial independence, You need to save money. In fact, saving money in India has to become a Habit.   Look – saving money doesn’t mean that you become a miser. A miser is a person who […]

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Does Arbitrage funds perform well during market downturns?

Many a times, people ask me if Arbitrage funds perform well during market downturns i.e. in bear or sideways market? This is primarily due to the fact that Arbitrage funds are not allowed to short sell and has to find arbitrage opportunities. So a logical question arises – Would there be an opportunity between cash […]

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EPF Withdrawal Without Signature of Employer

  Here is a fantastic news for all EPF account holders. EPFO has modified the withdrawal process and now it can happen without employer signature. Now you can directly submit the EPF withdrawal forms and the settlement will happen directly into your bank account. Prior, the EPF  withdrawal requests were first sent to the employer […]

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EPFO to credit exchange traded fund ( ETF ) units to provident fund accounts

Employees’ Provident Fund Organisation ( EPFO ) today revealed that the proposal to credit exchange traded fund ( ETF ) units to provident fund accounts has been approved. See this News Article There are approximately 4 .5 crore members in the EPFO presently. Nevertheless, account holders will see them incorporated in their PF accounts by March-end in the coming year.  EPFO’s Central Provident Fund Commissioner revealed that […]

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EPF – Employees Provident Fund & EPS – Employees Pension Scheme

For Past couple of days, both EPF – Employees Provident Fund & EPS – Employees Pension Scheme has been in a lot of news and discussions primarily due to Supreme court judgement – News Article. This judgement allowed Mr Praveen Kohli to get a 1200% hike in pension primarily because, in October 2016, the Supreme Court directed […]

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You can claim deduction under section 80DDB upto Rs 80000

When you have spent money for treatment of a dependant, suffering from a listed disease, you can claim deduction under section 80DDB. This deduction can be claimed by an individual or HUF. Only residents in India can claim this deduction. It can be claimed for your spouse, children, parents and siblings. Here are the lists of disease […]

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Buying Mediclaim Health Insurance in India

Buying Mediclaim Health Insurance in India One of the important topics to cover while building a financial plan is around buying Mediclaim / health insurance in India. Health insurance will protect you and your family against any financial risks arising due to a medical emergency. Buying a proper health plan would help you in saving your […]

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Approach towards Investing in Growth company

We will talk about the Approach you should have while Investing in a Growth company.  In one line before delving into details, it should be similar to having an affair with a hot woman. The risk is high but so is reward 😉 You will feel proud when talking about your investment. People will talk about you […]

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Salary vs Passive Income

What is your Salary? Here we will NOT talk about the salary amount but the TYPE of salary.   My friend, there are different types of salaries. Read till the end and you will understand. The rich are becoming richer, while the poor are getting poorer. How and Why? World media has fooled you but […]

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Review of ICICI Pru Medical Advantage Feature

Review of ICICI Pru Medical Advantage Feature I had invested a small sum in ICICI Pru Short Term Direct Plan Growth Option. And Recently I got an email from them on Medical Advantage Feature. I started wondering whether investments in this fund could be a good alternative to Mediclaim or Health Insurance. And what are the […]

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How to Create Emergency Fund in India

How to Create Emergency Fund in India Even though the title says – How to Create Emergency Fund in India? I will cover both Why and How to Create Emergency Fund in India. I will start with the Why aspect first followed by How to. Why Create Emergency Fund in India Earlier people use to […]

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How to Save Money with Amazon India Lightning Deals

How to Save Money with Amazon India Lightning Deals I had covered some tips and tricks to save money with Amazon.in here and since then many readers contacted me asking for additional tips. So here I am listing all the tips and tricks and show you how to save money with Amazon.in. As I wrote […]

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26AS Statement Email Message from Income Tax Department

Several people are receiving one of these 26AS statement email message from IT department and they are panicking. The sender of these email is”DONOTREPLY@incometaxindiaefiling.gov.in” with the subject line saying – File your IT Return to report your income. Few people have also received SMS from DZITDEFL or VKITDEFL on the same topic. We will cover the […]

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How to get your CIBIL score for FREE

How to get your CIBIL score for FREE Do you know what is your CIBIL score? Or what is inside your credit report? You will agree that it makes you anxious to know what would be written inside your credit report. In the following sections, I am going to show you how you get it […]

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Investing in Foreign Stocks from India

Investing in Foreign Stocks from India It’s possible to invest in Foreign Stocks from India. This could be done by investing money in International Mutual Funds or Direct investing in Foreign stocks from India In this article, we will cover both these options in detail. Also, read about my caveat regarding trading on insider information in […]

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Automate Bill Payments and Get Cashback

Do you incur late charges with your utility bills or phone bills or any other bills? All companies charges a late fee when the payment is made after the due date. Look – These late payment charges range from 40 to 100 rupees per bill each month. Many wallet apps provide the facility of paying […]

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Analyze your exposure in various MF schemes 

Analyze your exposure in various MF schemes Recently I got this question from a reader – Dear Sir, is there any website/Tool – (Paid or Free)  to analyze your exposure to specific securities in your mutual fund portfolio? I should be able to do it for both Equities as well as Debt Funds; for example […]

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5 Questions to Ask Your Financial Planner

5 Questions to Ask You Financial Planner Ask these questions to any Financial Planner before you engage his/her services 1.    How will you help me reach my goals? Our View – Helping you reach your goals is bigger than just focusing on stocks and the markets – it’s about understanding your priorities, your goals and […]

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Get Started and initial questions. 

Following are few steps to get started on your journey to achieve financial independence followed by frequently asked questions. For other questions please go through the blog. Please drop me a note if you still have questions and I will be happy to help you. So here it goes… 1. Create an emergency corpus. 2. […]

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How to participate in share buyback process? 

How to participate in share buyback process? Recently, one of the readers contacted me with the following question: How should one participate in share buyback process. Is it offline? Normally the company sends you a prospectus of the share buyback via mail. You can fill the form and get back to them. Nowadays most companies do […]

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Aadhaar‬ and PAN Linking

Aadhaar‬ and PAN Linking Currently, there is lot of confusion and misconceptions around linking of Aadhaar‬ card number with Permanent Account Number (PAN). Basic misconception is that you have only two days left to link your Aadhaar card with PAN. And if you don’t link it, you PAN number will become invalid. I saw this message […]

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Buying Tax-Free Bonds in the Secondary Market in India

Buying Tax-Free Bonds in the Secondary Market in India Last Year i.e. 2016 saw an influx of Tax-Free Bonds from many Government PSU ( Public Sector Undertakings) but this year there is not a single offer in the market and neither government plans to bring any (Thanks to tons of liquidity with Banks due to demonetization). But […]

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Check PF balance via Missed Call

Check PF Balance via Missed Call:- Finally the good news, the new missed call facility for your PF Balance alert has started. In order to know your TOTAL Provident Fund  BALANCE, simply give a missed call on 011-22901406 from your registered mobile no. and u will get SMS alert immediately. If the UAN of the […]

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Term Insurances – FAQ

How to identify the best rated Term Insurances? Recently one of my clients asked me what is the basis on which one can identify the best rated Term Insurances? Is there is any organization is providing the ratings or methodologies for this? Firstly, What is Term insurance – Term insurance policy is a form of life cover, it […]

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