We have to face the challenge of dealing with multiple financial goals throughout our life. As we go through different stages of life, new goals get added. As our income increases, lifestyles and financial goals also change. The one challenge that remains throughout is that even though our goals keep multiplying...Read More

The end of the financial year brings with it the renewed hopes of increments that can improve your lifestyle and allow you to save more while at the same time beat inflation. Along with your annual increment, you may get that long awaited bonus which you may want to spend on some much-desired luxury purchase or...Read More

Careers of children are one of the most important priorities of most parents. In this competitive age high quality higher education is a very necessary. Parents want their children to go to the best college or university, but given our demographic structure and availability of seats, competition is intense. You must start...Read More

In investing, risk and returns are correlated. You need to balance risk and returns, so that you are able to achieve your investment objectives without taking unnecessary risks. Asset allocation balances risk and returns of diversifying your investments over different asset classes e.g. equity, fixed income, gold, real...Read More

We are in now in the final quarter of FY 2023-24 / AY 2024-25. If you have not done your tax planning for Assessment Year 2024-25 (FY 2023-24), then it still not too late; January and February 2024 is still a good time to start your tax planning. Section 80C of Income Tax Act of 1961 allows taxpayers to claim deduction...Read More

As we approach the end of 2023, we will look back some of the highlights of this year. India’ GDP grew by 7.8% in Q1 and 7.6% in Q2 of FY 2023-24 (source: Ministry of Statistics). As per S&P Global, India has been the fastest growing economy in G20 (the 20 largest economies of the world) in 2023. The equity market...Read More

Despite our best intentions, we usually end up spending more than we planned for. Each month comes with its own list of things that have to be done, like someone’s wedding, a celebration, a vacation for the kids, a treat for friends to celebrate a raise, the festival season, buying things for the home, investing...Read More

Financial planning to efficiently pay taxes conforming to the existing tax laws and rules, but at the same time taking advantage of the deductions and exemptions allowed by the government to reduce the tax burden is called tax planning. Reducing tax liabilities: By utilizing the various benefits allowed by the....Read More

Our Independence Day, 15th August is a day of immense pride for all Indians. India’s independence set her on a path of progress. Today India is the 5th largest economy of the world and one of the fastest growing major economies of the world. According to IMF forecasts India’s GDP growth rate in CY 2023 will be...Read More

Domestic consumption is one of the most important divers of India’s Gross Domestic Product (GDP). India’s final consumption expenditure is 71% of India’s GDP (source: World Bank, 2022). Since liberalization India’s consumption expenditure has grown rapidly along with the growth in our GDP (see the chart below). In CY...Read More