Why Tax Incentives Matter: The Crucial Role of Savings in a Consumer-Driven Economy The recent budget changes have ushered in a significant shift in savings behaviour among individuals. With the introduction of the new tax regime, traditional tax-saving incentives have been replaced by a simplified structure, prompting a reevaluation of long-standing savings patterns. In the […]
Why is it important to check the claim settlement ratio when purchasing life insurance? As usual, I was reading the Odiya Daily Newspaper after my morning walk today. Recently, a life insurance company branch faced legal action in Odisha for failing to provide claim settlement money to a family. Due to a court order, the […]
The Six Most Common Personal Finance Mistakes I have been practising financial planning for the past 14 years. Despite having over 25 years of experience in financial planning and wealth management, I have assisted my clients as our company’s chief financial planner, SmartMantra Financial Services Pvt. Ltd. In my professional journey, I have been fortunate […]
Sukanya Samriddhi Yojana: A Revolutionary Scheme Empowering the Girl Child’s Future The Sukanya Samriddhi Yojana is a government-backed investment scheme specifically designed to promote the financial security of the girl child in India. The Central government launched as part of the “Beti Bachao, Beti Padhao” campaign; this scheme empowers parents to save for their daughter’s future […]
Inflation is a persistent economic force that can profoundly impact your hard-earned money and investments. Staying ahead of the curve and developing solid investment strategies to safeguard your wealth against inflationary pressures is crucial. Inflation is an economic phenomenon that affects the purchasing power of money. It can significantly impact your investments and savings, eroding […]
Saving for child education is the priority for Indian families without considering the impact of education inflation. Most parents start saving with the low-interest bearing product or making investments on an ad-hoc basis. Rather than creating ad-hoc savings, it would be best if you implemented a plan to meet a child’s higher education needs. […]