Blog Posts

Questions you should ask yourself before starting to invest.

The correct way to start investing is by taking stock of your finances. How much money you make, how much you spend, how much tax you pay, etc. are some of the most important questions you should be able to answer honestly, to create an investment strategy that best suits your goals. Boosting your savings is a sure shot way to increase your investments. To increase your savings, you should be tracking down your expenditure while keeping in mind that

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Best savings plans for senior citizens

After having worked for around 35-40 years of their life, senior citizens need some well-deserved rest. But what about their savings? What about their investments? A few of them do draw a monthly pension, and hence are well equipped to save for the rest of their life. In this post, we will leave investments and other stuff aside, and concentrate primarily on the best saving plans for senior citizens. The government of India dedicates itself towards making our elders’ lives

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Impact of GST on your household budget

GST is going to affect the prices of goods and services. Change in the prices of goods and services implies a change in the household budget. While some good and services get cheaper, others get more expensive. It is better to adjust the household budget to changes. If done right, this can also lead to saving of money, which can be put to better uses. The government has tried to keep most food products in the 0-5% tax range, which

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How to be prepared post GST?

Goods and Services Tax or GST has finally come into effect. GST is based on the premise of one nation, one tax. GST has replaced a lot of indirect taxes such as VAT, Service Tax, Octroi, etc., thereby simplifying tax proceedings. GST will affect the prices of goods and services; some goods and services become cheaper while others become marginally more expensive. This will definitely have an effect on personal finance. Here are the changes that you will feel, pertaining

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How financial market participants In India are impacted by the implementation of GST?

The Finance Market is very volatile, with tax reforms and changes creating a never-ending ripple throughout the market. It is crucial to properly understand the impact of GST on the share market and the changes it will bring about in this volatile market. The new tax law that has been gathering a lot of limelight in recent days which is already rolled out on 1st July 2017. Here are some things you should know about this new tax law.  

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Impact of GST on Mutual Funds

Good or Bad: The 4 ways GST will affect the Mutual Funds industry   The Mutual Fund industry in India is riddled with issues. A lot of Mutual Fund houses have shut their doors owing to large competition and cost escalations. The Goods and Services Tax, Act 2017 all set to be rolled out on 1st July 2017 only seems to be adding to the already overwhelming issues of the Mutual Fund Industry. The Goods and Services Tax, Act, also

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GST: Understanding the New Tax

What is GST? Goods & Services Tax or GST is an indirect tax which has been implemented on 1st July 2017 India and will be replacing all current indirect taxes on Goods & Services. GST is a destination based tax where the tax is paid by the consumer. GST is governed by GST Council and its Chairman is the current Finance Minister, Mr. Arun Jaitley. Under GST, goods and services will be taxed only at the following rates, 0%, 5%,

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RERA: Implications on the real estate sector

With RERA or the Real Estate Regulation Act coming into effect, the real estate sector is all set to change. Maharashtra was the first state to implement RERA. Let us understand what exactly RERA is, and its implications on the real estate sector in India. What is RERA? The Real Estate Act makes it mandatory for all commercial and residential real estate projects, where the land is over 500 square metres or eight apartments,  to register with the Real Estate

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Extreme Summers: How will your mutual fund will benefit from it?

With the temperatures rising higher every year, this year has already seen the mercury touch higher highs in all the cities and it seems this will be the hottest summer of all times. With power cuts & water shortages already surfacing, it is believed to have a deep impact on the way people live in summers.There is already a sharp surge expected in sale of air conditioners. Since summer time is also a holiday period for children, there is going

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Major Banking Reforms: Is it the end of the NPA problem for Banks?

Major Banking Reforms: Is it the end of the NPA problem for Banks?   With demonetization and changes to minimum balances in the Banking Industry, it seems like the whole industry is undergoing a major change. With govt. focusing on Digital India and NPA recovery issues, have situations really changed for the banks? Let us try to understand the below changes which have a deep effect on the banking system: Demonetization: Demonetization was one big and courageous move by the

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