[The fool’s take] Feel proud! You are a solider too. You are finally making a contribution towards the economy. As your small savings become smaller, the govt coffers will be relieved to fight the bigger menace. On a serious note, this is what happened. Interest rates on small savings were slashed across the board. Before […]
Budget 2020 – It’s the taxes, stupid!
Budget 2020 proposals are out. While enough has already been written and said, let’s go beyond that. Let’s look at some of the key proposals to develop an understanding of how they impact us and what we can do, if at all. Note: The Money and You workshops in Pune are scheduled on Feb 8 […]
LIC Jeevan Shanti annuity plan – Is it meant for you?
LIC agents are forwarding messages on WhatsApp hailing their latest, most popular product with the promise of a lifetime of ‘shanti’ or peace – LIC Jeevan Shanti. Not just that, they are at your door, on calls too telling you about the next best thing after sliced bread. The proposal is that as soon as you […]
The truth about no income tax upto Rs. 5 lakhs – Budget 2019
There will be no income tax payable by individuals whose taxable income is upto Rs. 5 lakhs. This is the announcement made by the Finance Minister as he presented the Interim Budget 2019. Unfortunately, many individuals read this as the income tax slab revision and hence no one pays tax upto Rs. 5 lakhs. Here’s […]
The annuity problem
Annuity has come to be a defining feature of retirement oriented investments. So, you have Pension Plans being pushed down your throats by insurance companies. One of the most debated investment options – NPS – too asks for a compulsory annuity of at least 40% of the final maturity value. What does the annuity do? […]
HDFC Top 200 is no more
Who doesn’t know HDFC Top 200 Fund? One of the formidable schemes of the mutual fund industry, it created enormous wealth for its investors. Only till now. I am sorry to let you know that the fund is no more. Yes, I know I am making a statement that will be true only in a […]
