Year end is approaching and people are on the look-out to work on tax savings. There is nothing uncommon or new in this. Past year trends indicate that individuals get active to save taxes during the financial year end. That is the time they look out for a tax saving plan to help them strategise their investments. But those who fail to understand the relevance and benefit of tax saving strategies end-up wasting a lot of money unnecessarily.  Manish asked his financial advisor, Prateek, to … [Read more...]

Your insurance broker’s aim and purpose is to help you with all your insurance needs. It’s best that you fully understand the nature of their work to enable you to know what and what not to expect when it comes to their services. This article will discuss: what an insurance broker is the different types of insurance brokers the work activities of insurance brokers and the required degrees and certificates for all insurance brokers What is an insurance broker? An insurance … [Read more...]

The performance of a mutual fund is popularly gauged by checking the Net Asset Value (NAV) of the fund scheme. NAV is the per-unit market value of the securities of the mutual fund scheme. However, there are five popular techniques used for calculating the return of mutual funds. Annual Return The simplest of all mutual funds return calculation methods, annual return, depicts a time-weighted return percentage for one year. If the NAV of your scheme was Rs 10 and Rs 15 at the end of the … [Read more...]

Imagine this scenario, you are a long-term investor, and the finance minister has just announced a series of measures that will surely upset the market participants. With the mobile in your hand like it is typically, you decide to check your portfolio value just 30 minutes after you last reviewed it. Unfortunately, this time you see your portfolio bleeding red, all the investments have lost significant value in the last few minutes, and the trend seems to continue. Now, what do you do? … [Read more...]