Every one want to own a house,especially Indians are so much emotional about their own house rather living in rent as compared to developed countries . Today most preferred way to buy a house is taking an home loan from any financial institutions at 80-85% of overall project cost ,which is today available at attractive rates with longer payment duration. But taking commitment for longer duration like 15,20 years ,we are getting into a longer liability cycle (2-3 times of interest payment equal to the principal) and many of us are scared due to today's disruptive business/job environment.
Is there an another way to achieve this? Yes . Home buying is not an instant decision in most cases, it is a firm thought we have from the day one when we start earning. So we can start planning and investing from the day one we start earning with systematic investment plan (SIP). The good news is that small amounts can really add up significantly with power of compounding magic if you invest regularly.
Today any of the parents biggest worry is how to plan for their children's higher education & marriage expenses considering sky rocketing education cost . Grant parents can also contribute to their grand children's education either by lump sum or systematic investment plan(SIP).
Our specially designed children investment plans are here to help you to meet your children's/grand children's higher education, marriage expenses by taking small steps at a time.
"A penny saved is a penny earned". Tax planning is not a separate activity, it should be looked as part of one's investment plan. By choosing investment products in consideration with ever changing taxation rules, as investor you can achieve twin benefits of wealth creation and reduced taxation there by increasing your take home income .
Capital gains bonds, are one of the best way to save long term capital gains tax arising out of your real estate selling.
Hardly anyone is covered by guaranteed pension today. So, plan for it. Surveys by financial firms show that Indians don’t give retirement savings priority, as they are busy for saving up for their children’s higher education or wedding expenses.
To start with, an overwhelming proportion of employees (even in the organised sector) today are not covered by any guaranteed pension scheme. Now one can't expect to get adequate pension income by just investing gratuity or provident fund alone .The other factor that most of us don’t budget for is longevity. With better nutrition and medical care, today’s generation has to plan for a retired life that may be almost as long as their working life.
While estimating our pension needs, all of us also need to factor in higher inflation than our parents did too. This has significant implications for the amount of pension you will need and the savings you need to make today. For one, for a comfortable retirement corpus, start as early as possible.
Do we really love our kids ? If yes, please complete your retirement planning today and avoid being huge financial liability (living & medical expenses) for your children during your retirement age.
These days everyone want to know how to beat recession, salary cut & job loss which are daily newspaper headlines these days. The only solution to beat recession is to create second Income. We agree that only thing constant in life is change. Good times never lasts forever so as bad times. The biggest mistake is to think otherwise i.e. Good time will last forever & Bad time will never come.
Best financial planning is when we prepare for bad times during good times. Sounds quite philosophical but unfortunately it is harsh reality of today. Second Income is a back up during bad times or we can say its a blessing in disguise. Second Income should be planned during good times. Though it is not easy to generate second income source but it is not impossible also. With proper financial guidance and consultation it is possible.
One can start investing in equity asset class during their good times called as accumulation phase with a vision of creating a huge corpus with possible timelines based on one's individual scenario .Once the corpus is achieved ,we can withdraw the money monthly through systematic withdrawal plan (automatic credit) to bank account.
Emergency funds are essential part everyone's personal finance planning. Individual or families has to ensure they have sufficient money kept in fixed income products which offers quick liquidity to overcome any financial emergencies.
If this is not ensured, one has to dip into their long term financial goals investments or get into high interest loans (personal, credit card etc) as debt trap.
This can be easily achieved through small amount of money invested through systematic investment plan in non market linked products.