By Namrata Singh, CFP & Chaitali Shah, MA (Economics) Equity Mutual Funds allocate their funds into stocks of various companies. According to SEBI regulations, these funds must invest a minimum of 65% of their assets in equity and equity-related instruments. These funds are for long-term wealth creation, have the potential to outpace inflation and generate substantial returns over extended investment periods. They can be categorized as follows: ~ Large Cap Funds: - Invest in ...Read More

By Namrata Singh, CFP & Chaitali Shah, MA (Economics) A Mutual Fund is a collective investment vehicle managed by a professional fund manager. It operates as a trust, gathering funds from numerous investors who share a common investment objective. These pooled funds are then diversified across various assets such as equities, bonds, money market instruments, gold, and silver in line with the investment objective of the scheme. Evolution of the Mutual Fund Industry: The Mutual Fund i...Read More

Namrata Singh, CFP & Chaitali Shah, MA (Economics)  The financial year is coming to an end in one week. If you are yet to finalise your tax saving investments, this article may help you. An Equity Linked Savings Scheme (ELSS) is a type of a diversified mutual fund scheme eligible for tax deduction under section 80C of the Income Tax Act. It has a statutory lock-in period of 3 years. A mutual fund is a pool of investors' money that is managed by a fund manager. The investment is mad...Read More

​​Namrata Singh, CFP & Chaitali Shah, MA (Economics) A real life story An old lady named Mrs.Veenu Shah – aged 68 years had lost her husband. She had no children and she lived alone in Mumbai.  Ramesh, who was her sister’s son, invited her to live with his family.  He told her, “Sell your house and come live with us. I will take care of you and manage your money.”  She was a simple lady with no experience in managing money and so she trusted her sister’s son. Eventu...Read More

By Namrata Singh, CFP & Chaitali Shah, MA (Economics) What is a Critical Illness? Critical illness is a serious health condition like Heart Attack, Cancer, Paralysis, Stroke, Kidney Failure, etc which can lead to one’s inability to work and thus loss of income. Why do we need Critical Illness Insurance? A critical illness insurance policy covers incidental costs that may arise due to any significant disease or disability that may hamper one’s ability to work or maintain the i...Read More

 Namrata Singh, CFP & Chaitali Shah, MA (Economics)  Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalisation costs, cost of medicines or doctor consultation fees. Importance of Health Insurance As per government statistics over 70% of health care is paid from personal savings. Medical expenses have the capacity to wipe out one's lifelong savings. A lot of people have seen their friends an...Read More

by Namrata Singh, CFP & Chaitali Shah, MA (Economics) “Things that have never happened happen all the time. The correct lesson to learn from surprises is that the world is surprising. We have to plan for our plan not going according to plan” By Morgan Housel What is an Emergency Fund? An emergency fund is an amount set aside to tackle unforeseen circumstances or emergencies. It helps one create a financial cushion and stay afloat without relying on credit cards or high interest l...Read More

by Namrata Singh, CFP & Chaitali Shah, MA (Economics) Budget 2022-23 was presented by the Finance Minister – Ms Nirmala Sitharaman on the 1st February, 2022. The budget has a major focus on capex and growth through Public Private Partnership. India’s GDP growth for FY 22 is estimated to be 9.2%, highest among all large economies. FY 2023 GDP growth projection is pegged at 8-8.5%. There is a 35% increase in capital expenditure budget. Revised Fiscal Deficit @ 6.9% of GDP in FY22 ...Read More

by Namrata Singh, CFP & Chaitali Shah, MA (Economics) National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme. NPS was introduced on 1st January, 2004 with an objective to provide retirement income to all citizens. The scheme is government backed and regulated by the Pension Fund Regulatory and Development Authority (PFRDA). The scheme is available to Indian Citizens as well as Non Resident Indians There are two types of NPS accounts ...Read More

by Namrata Singh, CFP & Chaitali Shah, MA (Economics) Pradhan Mantri Vaya Vandana Yojana(PMVVY) is a pension scheme announced by the Government of India in May 2017.The scheme was launched to protect senior citizens from falling interest rates due to uncertain market conditions and to provide social security. The Scheme is subsidised by the Government of India. Pradhan Mantri Vaya Vandana Yojana(PMVVY)allows Senior Citizens to invest up to Rs. 15 lakhs into the scheme and earn a regula...Read More