Most of us tend to choose mutual funds the way we choose a consumption product. This article can help you understand, how this may not be a great idea.
Insurance sales start surging in January of every year and peaks in March. So, are more accidents happening during this period? More people getting hospitalized? Or, a sudden realization in the new year that one needs life cover? It’s Option D – none of the above. The reason is painfully simple – tax saving! So,Continue reading “The Little-known Secret of How Metros buy Insurance”
Mr. Rajeev Kumar, a Chartered Accountant, working with a leading Automobile company was worried about his insurance policy. He had bought an insurance-cum-investment plan from a company (say “K”) 3 years back with an annual premium of Rs. 24,000 p.a. When he learnt that this policy is not going to help him for his future,Continue reading “Beware !! Another Fraud in the Air !!”
After coming back from his vacation, Sidhesh Tulange, a 33 year old Software consultant, logged into his office computer to make the first statement, “Oh No !! I forgot to submit this before going to vacation.” The HR department has reminded him for submission of his tax saving proofs and declarations by 31st Dec. “IContinue reading “Beware !! Mis-selling Season Ahead !!”
The recent run-up in the equity markets has suddenly spread all surprises and smiles to the investor community. Although it would look too tempting to start investing in this market, lets take a step back and first lets clear off all that we were holding back in our portfolio as bad apples so that weContinue reading “Use the Current Market Rally to exit Bad Apples !!”
“ Welcome Mr. Mehta, What can do I for you ?” said Jenny, a relationship manager working with a leading private sector bank, to the bank customer Mr. Mehta, who himself is a tax consultant. “I just wanted to deposit these cheques to my account” said Mr. Mehta. “That will be done Sir. And IContinue reading “Banker or Cheater ??”