by niranjan | Jul 31, 2020 | Basics, Finance, Insurance
Being a finance guy, I had taken care of my mother’s financial matters and amongst other things, made sure that every account had a nomination. All financial papers were looked into and kept safe. That Illusion got shattered! My mother was admitted to Kokilaben...
by niranjan | Jul 25, 2020 | Banking, Finance, Retirement
I do not like pension plans. Simply because of the fact that the returns are low and they are taxed as per your normal income. In your retirement, most of your income should be from capital gains. They are tax efficient. But Pension plans are sold very aggressively by...
by niranjan | Jul 17, 2020 | Banking, Basics, Finance
Everybody who has a bank account knows that it is insured for Rs. 5 lacs by the Deposit Insurance and Credit Guarantee cover. This cover is applicable to all commercial banks, including branches of foreign banks functioning in India, local area banks and regional...
by niranjan | Jul 9, 2020 | Basics, Experiences, Finance
My friend’s parents owned a flat in both their names. The father expired around 15 years back. The registered document is still in both their names. There is no will. Legally, 50% of the flat is owned by the mother but the 50% which belonged to the father is...
by niranjan | Jul 2, 2020 | Finance, Mutual Funds, Risk
In my view, if you have money, there is a risk wherever you keep it. Where can you keep your money? Under your mattress – there is a risk of theft or not earning any return on that money. Inflation will eat into the value of the money. In the Post Office...
by niranjan | Jun 27, 2020 | Finance, Mutual Funds, Risk
Whenever you see an advertisement about Mutual Funds, there is a prominent disclaimer. “All mutual fund investments are subject to market risks”. Other than cigarette and alcohol ads in addition to the MF ads, no other advertisements carry any warnings. So, in a way,...
