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SIP- Why is everyone in the investment arena falling head over heels for it? What are its long-term benefits? Is it something you should try, too?
What is SIP and why is it so popular these days?
An SIP or Systematic Investment Plan is a smart financial planning tool that serves the purpose of a strong foundation securing your dreams. It aids in investing your hard earned money in mutual funds in a non-burdensome way.
Rolled out on the 1st of July 2017, Goods and Services Tax (GST) is considered as the largest-ever tax reform to hit the country in the past 70 years. Replacing the old, defunct tax regime, GST has paved the way to a transparent and more robust taxation system. Another enormous change is the elimination of the cascading effect of taxes and the elaborate compliance measures which were widely prevalent before.
GST will ultimately boost tax receipts, reduce tax evasion, contribute towards ease in doing business and eventually help the Indian Taxation system to move towards a more organized sector.
Mutual funds may be subject to market risks but you can stay a step ahead and lower your risk by avoiding some common mistakes.
Financial and investment wisdom does not come overnight, and with the ever-changing market like mutual funds, the stakes of making a mistake and losing your hard earned money are even higher. However, you can get optimal results by being aware and avoiding these five silly yet common investing mistakes.
Health insurance can be a real savior in times of dire need; however if you do not understand the complex clause that room rent capping is, you might be seriously disappointed when the time comes to claim settlement.
Is not renewing your motor insurance policy on time a big deal? Can it get you in trouble? What is the best way to renew your policy? Find out the answers to all your questions here.
Motor insurance is a protective cover for your personal vehicles like cars or two-wheelers. Having the public’s best interest in mind, the government has made it mandatory- under Motor Vehicles Act- to purchase motor insurance when you get a vehicle. It is designed to financially secure you against disasters, risk, and loss.
