Firstly, it’s scary to look at the universe of all available mutual funds and then select the best funds for your goals. There are about 44 mutual fund houses offering more than 2500 schemes for us to invest our money. Is there a “sensible default” way to invest your money in equity mutual funds? Before…
While making investments, there are two factors which affect our decisions with respect to taking risks. It is important to understand our Willingness vs Ability to take risk. Ability to take risk – This measure tells us how much of risk can be taken by us while making an investment decision. Willingness to take risk –…
Let us look at different sections under which National Pension Scheme provides tax relief. Again, primary purpose of us investing in in this tool is NOT to save taxes. It is to invest for our retirement and increase our human capital beyond our working age. It is already a given that we all exhaust our…
Above two images give you a good overview of National Pension Scheme. If you do not want to read the entire blog, please spend time reading the above two images. Remember, the purpose of National Pension Scheme is not to save you more taxes – it is to provide for the cashflows after retirement. Saving…
