In the last blog, we looked at how to use “deductible” effectively to reduce the insurance premium. Here we are going to look at the difference between Topup and Super topup. The purpose of these health plans is the same. Avail higher coverage while keeping the premium costs lower. First, how do these health plans…
NSDL CAS or Consolidated Account Statement, provides a beautiful consolidated holdings across different demat accounts for us. In this post, we will look at what CAS means, why its good to view it and how we can request it. CAS can be requested at anytime from the NSDL website. What CAS offers? Let us look…
I recently talked to a friend, who is running a Telecom business. The point he made was that his cashflows are highly infrequent and spread out. The exact opposite of a regular empoyee who has frequent cashflows in the form of salary each month (or periodically). His concern was that how could he be systematic…
How I am closing a home loan, with a simple trick? At the beginning of 2018, I had close to 36L home loan left on my flat. By 3rd quarter of 2023, I am closing the home loan entirely with some simple tricks. I just wish, I knew this “power of decelerating” much earlier. Thanks…
As an extremely risk averse person you still want to invest in equity markets but not want to put your principal at risk at any point of time. At the same time also want to dabble around with equities, but are afraid to do so. Equity Investment for the Risk Averse, this is the problem…
Home Loan Prepayment – in the Part-1 of this blog, we looked at the structure of EMI. We will in this Part-2 of a blog look at the Pros vs Cons of the prepayment. Then we will also look at scenarios under which it is not very wise to prepay. Pros of Home Loan Prepayment…
Home Loan prepayment is one of the most difficult decisions to make. I personally have a home loan running from 2004 till now and have not thought about closing it. Saving taxes vs Part repayment of the loan vs Investing the repayment amount in some other assets – all of us are torn between making…
Have you heard of RBI Retail direct? (https://rbiretaildirect.org.in/#/) This is a way to invest in Govt primary issuances (and re-issuances) of government securities. Some key aspects of RBI Retail Direct – Retail investors can Invest directly in govt securities Access to primary market issuance Ability to trade in the secondary market Invest directly using RBI’s…
So now we know from this blog, that we take life insurance to protect our human capital (if you don’t know what this is, read up here). Firstly, one of our major financial capital is the house we build. How do you protect that? What protection does a physical construction like a house need? Well,…
The industry advertises so much about Systematic Investment Plan, there is almost no one who advises people on what happens when you want to withdraw your investment for a goal. This is where Systematic Withdrawal Plan is very important. Just like investing fully in a bulk is a bit risky, withdrawing in bulk also is…
