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 […]

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

Financial planning is a cornerstone of achieving long-term financial security and stability. However, not all financial planning is effective, and many people unknowingly make mistakes that can derail their financial goals. Knowing what not to do is just as important as knowing what to do. Here’s a look at some common financial planning mistakes and how to avoid them.

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

When it comes to securing your family’s future and ensuring your wishes are respected, making a will is a fundamental step in estate planning. In India, however, the importance of making a will is often overlooked. A large portion of the population does not engage in this crucial process, leading to a staggering amount of

Financial security has become a common concern for many in a world where economic uncertainty is the norm. The latest survey from Finsafe India for FY 2023-2024 sheds light on the key financial challenges that corporate employees face today, emphasising the importance of careful planning and informed decisions. 1. Prioritising Long-Term Goals (67.34%) The most significant financial

As the future looms closer, the prospect of retirement often feels like an elusive dream—one that requires careful planning and disciplined saving. The journey to building a secure retirement fund can be likened to crafting a fine piece of art; it demands foresight, strategy, and precision. This article will explore five pivotal considerations that can

In the bustling city of Mumbai, amidst the chaos of daily life, Rohan, a young professional, often found himself pondering the future. Like many of his peers, he was caught up in the whirlwind of career aspirations, personal goals, and the desire to secure a comfortable life for his family. However, beneath the surface of