Financial planning and a disciplined savings plan are key to a secure future and peaceful retirement years. The process involves a timely start, strategic decision-making, discipline, and wise investments. In the latest episode of Let’s Mint Money, presented in collaboration with Groww Mutual Fund, Varun Gupta, Chief Executive Officer (CEO) at Groww MF offered Editor … Read more
In India, where family ties are deeply rooted, it’s common for grandparents to think about the future financial well-being of their grandchildren. This cultural tradition stems from a sense of legacy, love, and responsibility. Grandparents, having lived through various financial ups and downs, often want to secure a stable foundation for the next generation. Beyond … Read more
No one wants to be that “dumb” investor to invest right at the top, see a substantial decline, and then be told: “Of course, the market was set for a crash. Didn’t you see all the signs?” So, we wait some more. The solution is not having the perfect foresight about what will happen because … Read more
Sebi is working with mutual funds to develop a new ₹250-per-month micro-SIP, chairperson Madhabi Puri Buch said. It would add another rung in India’s financial inclusion ladder. Mint explains what micro-SIPs are and what the industry thinks of them. What are micro-SIPs and who are they for? Micro-SIPs are an affordable alternative to a traditional … Read more
My client was very happy with his portfolio returns. Over the last two years, he had made a cool 30% internal rate of return (IRR). “We should invest more in equity, let’s get aggressive… Invest more in small cap funds as it had delivered the highest return,” he explained. When we first met,he was a … Read more
Securing your child’s future is a top area of priority for every parent and financials have a major role to play in this journey. Responsible parenting goes well beyond providing for their immediate emotional and financial needs. It is also about planning your investments right so that you set them up for long-term financial success … Read more
With new skill-based gigs emerging as viable options for generating income, more young professionals are now seeking jobs they can do in their spare time. Here’s a look at how some are pursuing their passions while creating additional income streams. Organizing spaces Raina Jain, a 32-year-old finance professional based in Mumbai, has been balancing a … Read more
Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend to steer towards investments. This relative of mine told me that he is investing ₹1.5 lakh yearly in the Sukanya Samriddhi Yojana account for his daughter’s future. I asked him … Read more
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
The Reserve Bank of India has allowed resident Indians to open foreign currency accounts in Gift City (IFSC near Gandhinagar, Gujarat) for purposes permitted in the Liberalised Remittance Scheme (LRS). Earlier, these accounts were limited to investing in securities in Gift City and education-related payments. This broader scope for remittances can be a game-changer for … Read more