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GOLD AS AN INVESTMENT

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It is well known that Indians are obsessed with Gold. The amount of Gold in Indian households is unparalleled. Indian obsession with gold has only grown stronger over time. India accounts for the majority of world gold consumption. Despite the fact that a large number of Indians live on a meager income, they find methods to purchase gold and make it a vital part of their life, regardless of the rate of gold. Instead of viewing gold as an investment tool that we received from our parents or grandparents, Indians have a distinctive perspective on the precious metal. But over time, our perception of gold has evolved. Today, gold is viewed as an investment as well. It would be advantageous to diversify the portfolio using gold as an inflation hedge in a constantly shifting global economy. Certain events that reduce the value of stocks and bonds will cause the price of gold to increase. It helps to safeguard your cash from unfavorable stock market movements. You might invest for the long t...
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Thematic Funds

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What are Thematic Funds? As the name, ‘thematic’ suggests, thematic funds invest in sectors and industries that are tied to a particular theme. Fund manager of Thematic funds tries to identify a specific theme emerging out of current economic trends and invest in those companies encompassing that theme, which can be highly rewarding. Thematic fund managers seek to make the most out of such windows of opportunity. Thematic Fund is a type of equity mutual fund for aggressive investors. However, don’t mistake between a sector fund and a thematic fund. Sector Funds invest in a single sector only. Whereas, thematic funds invest in sectors or businesses with common growth drivers or similar selection factors. How Thematic Funds Work? Thematic funds are introduced by fund houses when they identify a well-defined theme as an opportunity to invest and grow investors money. Thematic funds are a type of equity mutual fund and invest 80% of asset allocation to equities and equity-related ...
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Location: India
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MONEY MANAGEMENT

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No matter how much (or little) you know about investments, stock markets, credit cards, and insurance, your financial planning is most likely to fail if you don't have a solid understanding of your money.  The first and possibly most crucial stage in financial planning is to have a solid understanding of your finances, or your financial situation, and to be able to manage them intelligently. So, what is your financial situation? 1) Earning and Expenses: What you earn will matter less compared to how much you spend when it comes to determining how much money you have on hand after meeting your needs and wants.  If you want to be in a better financial situation, then you have to strike a ‘balance’ between earning and spending habits. It can be used as a benchmark to plan your finances. Normally, a healthy bank balance at the end of the month indicates a trend towards a good financial position, and a zero or negative bank balance at the end of most months corresponds to a weak f...
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Location: India
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WHICH TAX REGIME SHOULD YOU SELECT? ARE YOU CONFUSED?

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Exclusions and deductions are part of the old regime, although the new regime has lower slab rates and fewer exemptions. Employees must disclose their preferred tax structure to their employers prior to the start of the fiscal year. WHY DO YOU HAVE TO OPT FOR A TAX REGIME?  Because the CBDT (Circular no 04/2023) made it COMPULSORY for the Employers and hence, Employers are asking their Employees for information on which regime they wish to select. The employer will make the necessary TDS deductions. You must choose between the New and Old Tax Regimes; otherwise, the Employer will deduct TDS in accordance with the New Tax Regime, which is the DEFAULT option. The TDS on Salary has no bearing on filing income tax return, whether they opt for the Old or New Income Tax Regime. While submitting your ITR, you can make changes. TIPS ON WHICH IS THE RIGHT TAX REGIME FOR YOU  For Income up to Rs 7 lakh the New Tax Regime is better  In case you don’t have Tax savings and Deductions ...
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Location: India
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Do I need Term Insurance?

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It's a really significant question that requires careful contemplation. Let's examine the importance of term plans and the ideal moment to acquire them in order to provide a response to this question. Financial decisions: We frequently buy items for our family and try to avoid spending too much on things we don't need. When buying toothpaste or a car, we employ criteria like utility and product quality. It only makes sense that before making a purchase or investing money, we carefully consider the product's quality and financial rewards. In a similar spirit, we should be aware of the monetary worth of each of our lives. You need term insurance right away if the price of a human life is less than your current insurance coverage. Loss of income: We immediately relax when we have a cough, cold, fever, or other medical conditions. We may not currently recognize it as a temporary loss of income because we are still receiving payment. Your family should be able to liv...
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Location: India
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CORPORATE FIXED DEPOSITS

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CORPORATE FDs Vs BANK FDs  As we all know, understanding the motivations of investors is important when discussing saves and investments. Although though saving money is one of the most crucial parts of building wealth, it is challenging for anyone to do it consistently. Saving a modest portion of your income will assist you in building wealth so that you can live a decent life and accomplish your objectives and goals. A well-planned investment and saving routine can help someone exponentially increase their wealth in a number of different ways. One of them is also referred to as a fixed deposit, one of the most popular financial instruments in India. As an all-purpose answer for everyone, from saving for a trip to saving for retirement, FDs have long been one of India's most popular investment products. Despite the aforementioned investment feelings, fixed deposits are now not the greatest option for long-term goals. Nonetheless, FDs can be a good option if the aim is urgent or ha...
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Location: India
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HOME LOAN

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Buying a home is one of the biggest purchases that most people ever make. With a minimal down payment and a house loan, clients can achieve their goals today while paying off the balance over time. A home loan can be used to purchase a brand-new home or flat, a piece of land on which to build a home, or even to pay for home improvements like additions and repairs. Various types of home loans are available in India. One might not be aware of all the facets of a home loan  that can be advantageous for numerous considerations pertaining to one's ideal home. The list of available house loans kinds in India is as follows: Home loan Home construction loan Home extension loan Home improvement loan Home loan balance transfer  Composite home loan Home loan: This is the most typical kind of mortgage used to buy a house. Home loans are provided by numerous housing finance businesses, public institutions, and private banks. To purchase the home of your dreams, you can take out a loan and...
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Location: India
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