My tax saving history (Tax Saving Mutual Funds)

I started investing in ELSS funds (Equity Linked Savings Scheme or Tax Saving Mutual Funds) back in 2009. ELSS funds offer tax exemptions under section 80C of the income tax act, India; the limit upto which tax exemption can be claimed is ₹1.5 Lakh (as on 29th June 2019). ELSS also has the lowest lock-in …

Investment Basics: Asset Classes – Part 3

See Part 1 See Part 2 We have seen how returns from a debt based and equity based products are inherently different in nature. In this part, we will see how to assess these products and more importantly, how to avoid assessing in the wrong way. As we saw, the rate of interest in a …

Investment Basics: Asset Classes – Part 2

See Part 1 Let’s look into both buying and selling side of Equity and Debt based on an example. Mr. S owns a shop, which is valued at ₹5 Lakhs as of now. His shop is making ₹1 Lakh profit in a year. He is thinking of expanding the shop, which will need additional ₹5 …

Investment Basics: Asset Classes – Part 1

Most of us heard a story where an ‘investment product’ gave great returns in the past, but after one invested in it, it not only failed to continue its spectacular show, it has even lost money! Why these products behave so mysteriously, is there a right approach to assess these products? Read on to find …

A decade after the Great Recession: Personal finance management lessons from history.

Personal finance management lessons from Great Recession

A story of hens and eggs

Once upon a time there was a village where people used to raise hens for eggs. One day a group of people decided to start a farm. The farm will accept hens from public and keep them for a maintenance cost. The money by selling the eggs will be accumulated under the owner's account in …