It is a big confusion, on the changes in NRI bank accounts in Investments especially in Mutual Funds. Let us try to solve this by reasoning for the cases. It is sure that when a person is working outside India, he will undergo changes in status. These changes must be reflected in investments so thatRead More
Retirement Planning for Couples – TIPS
Marriage is the beginning of a new phase of life and as time passes, married couples evolve a shared sense of responsibility in all spheres, including personal finance. Spending your golden years together in relative comfort and security is the goal of most married couples. Here are some tips on Retirement Planning for Couples. MostRead More
How to Read Mutual Fund Fact Sheet?
When you want to invest in Mutual Fund Schemes with any fund house, it’s important to know as much as possible about the fund house, about the schemes, about the fund manager who will be investing your money, etc. Factsheet entails these and many such details desired by the investor or advisor. One should knowRead More
Things to Set in Order – Checklist for NRIs
Going abroad to work or earn is a huge thing. It doubles when you are in peace that, the things behind you are in order. Peace of knowing that you are on the right side of the rule book & also that there is no monetary loss or liability creation afterward. Here is the basicRead More
How to Transact Mutual Funds in DEMAT Form?
Can you buy Mutual Funds in DEMAT form? The answer is yes. It is not mandatory. In fact, more than 96% of units are in physical form (Non-Demat). But yes, the facility to buy, sell & hold mutual fund units is available. Let us see how this can be done. Also we will check theRead More
Is Bank FD Safe? Current RBI Provisions
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