My Advice

Disclaimer: Formation of a trust and transfer of property into the same should not be done without consulting legal, financial and tax professionals. We have heard about various types of trusts. Charitable, educational, religious, family trusts, etc. Have you ever wondered what kind of people opt for trusts and what needs do they serve? Here’s […]

Retirement planning is an essential aspect of personal finance, ensuring that you have enough savings to maintain your lifestyle after you stop working. One popular strategy for managing retirement withdrawals is the 4% Safe Withdrawal Rule. This rule, widely used in Western countries, can be adapted to the Indian context to provide retirees with a

For most young adults, their early-mid twenties are a transitional period. This is usually when you’ve just graduated, started a new job, and are experiencing the excitement of financial freedom. While it’s perfectly fine to enjoy this newfound independence, your twenties also shape your financial future. The decisions you make now can lead you to

Tax planning is an integral aspect of an individual’s personal finance, helping individuals reduce their tax liabilities and maximize their savings and spendings. While the end objective of any tax planning strategy is to save tax, these strategies could vary significantly depending on one’s age and financial situation. This article aims at simplifying some of

In today’s world, health concerns are ever-present, with cancer being one of the most dreaded diagnoses. In light of this, insurance policies tailored specifically to combat the financial burden of cancer have gained prominence. “Cancer insurance” is a specialised form of coverage designed to provide financial support when one is diagnosed with cancer, offering a safety net

In today’s fast-paced world, managing risk is more important than ever. Whether you’re protecting your family’s future or securing your assets, understanding how insurance and risk management intersect can be the key to achieving financial stability. This comprehensive guide will walk you through essential aspects of risk management and insurance, providing actionable insights to help you safeguard

Investing in mutual funds has long been a favored strategy for those seeking diversified exposure to the stock market without the hassle of picking individual stocks. Among the variety of mutual funds available, thematic mutual funds have gained popularity in recent years. These funds focus on specific themes or sectors, such as technology, healthcare, renewable

When it comes to safeguarding your legacy, creating a will is one of the most important steps you can take. More than just distributing your assets—creating a will is about ensuring that your wishes are respected long after you’re gone. In India, the process of making a will is guided by the Indian Succession Act, 1925, which