When it comes to long-term financial planning in India, two standout options are Systematic Investment Plan (SIP) and the Public Provident Fund (PPF). Both cater to different financial goals and risk appetites. Let’s delve deeper into their unique features, benefits, and considerations to help you make an informed decision. Systematic Investment Plans SIPs allow investors … Read more
Budget 2024: Finance Minister Nirmala Sitharaman is set to present the first Budget of the Modi 3.0 Government on 23rd July at 11 a.m. Experts anticipate a transformative agenda for retirement planning in the Union Budget 2024-25. Key proposals include raising the tax deduction limit under Section 80C to ₹2.5 lakh and introducing a dedicated … Read more
Being a millennial with student loans and new careers can be overwhelming. However, by making strategic financial decisions, you can secure your future. This guide offers essential tips to help millennials manage their money wisely and achieve long-term financial goals. Gain financial literacy: Financial literacy is crucial for solid financial planning. It provides the knowledge … Read more
Ageas Federal Life Insurance recently introduced its latest product: Ageas Federal Life Insurance Golden Years Pension Plan featuring the Bluechip Pension Fund. This plan provides a complete solution to safeguard policyholders’ financial futures, ensuring that their retirement years are not only secure but enjoyable as well. Firstly, it operates as a Unit Linked Individual Pension … Read more
Early retirement can indeed be a cherished goal for many individuals, despite the challenges that may accompany its pursuit. Early retirement necessitates accumulating enough savings to sustain oneself potentially for decades, demanding considerable financial discipline and sacrifices, particularly for those early in their careers. Also, medical expenses can significantly deplete retirement savings, especially in the … Read more
The other day, I took my little one to play in a nearby garden. Kids being naturally curious, he bombarded me with questions about the trees, plants, flowers, and the variety of flora we encountered. As we wandered among the blooms, his questions sparked a chain of thought in my mind. Reflecting on his inquiries, … Read more
Kalki 2898 AD released in theatres in India on June 27, 2024 to a rousing reception. The movie has a stellar cast that includes Prabhas, Deepika Padukone, Amitabh Bachchan and Saswata Chatterjee. The film’s box office collection was a whopping ₹95.3 crore on day 1 but dropped significantly on day 2. Utopian Shambala protected by … Read more
Retirement is often seen as the phase of life following one’s exit from the workforce. It’s a time for relaxation and pursuing neglected hobbies or interests. Many opt to travel, bond with family, or engage in community service. Regardless of their pursuits, retirees share a common desire: to avoid worrying about income sources and constantly … Read more
I work in the IT industry and have plans to retire in the next 10 years. I have already planned for my daughter’s education expenses and kept ₹50 lakh aside for this. At present, this amount looks good based on her education plans. I have invested in two properties that are valued at ₹1.2 crore … Read more
In India, where the traditional joint family system is evolving, and the burden of elderly care is increasingly shifting to individuals, retirement planning has become even more critical. Yet, many Indians remain unprepared, prioritizing current expenses over future security measures. A 2020 survey by PGIM Mutual Fund revealed that the majority of Indians prioritize immediate … Read more