|
Divya Financial Advisor Phone: +91- 8130448570 |
|
|
Happy new year 2017 Wishing you a very happy and prosperous new year from all of us at DivyaAdvisor.com. Apart from taking the opportunity to wish you for the new year I also wanted to take share some advice on investment for the year 2017. I hope you will all earn and pay more income tax compared to last year.
Compliance to KYC (Know your customer) has been a compulsory process for mutual funds. Once an individual does a KYC formality mostly at the time of buying his/her first fund, the same status will be valid across all mutual funds. There are multiple KRA (KYC Registration Agency) that are maintaining your KYC compliance status. Registering with one is enough to
Wishing a very happy Indian independence day to all the Indians and friends of India . As India celebrates its 69th independence day on 15th August 2015 you should also look towards marching towards a financial freedom. Here are ten steps to help you march towards it. 10 steps in your march towards financial freedom 1. Emergency Fund Emergency
Thinking of buying Gold this Akshay Tritiya? Read this before you do… Akshaya Tritiya, also known as Akha Teej is being celebrated this year on 21-APR-2015. IT is considered a very auspicious day amongst Hindus and people start new ventures on this day. Since it is considered that any investment you start on this day would continue to grow many
One common question that comes to mind of income tax payees is what are the scheme that allow investing on their dependents name. This blog aims to summarize that for you. While you can invest on your dependents name not all schemes will be eligible for income tax exemption. Please go through the following table. Is investment made on dependent’s
The new 2014 Kisan Vikas Patra Union finance minister Mr. Arun Jaitley on 18 November relaunched Kisan Vikas Patra (KVP), a scheme which was discontinued few years ago in 2011. Finance minister had promised to launch it during his budget speech earlier this year. In the budget speech he had outlined launch of KVP and the rational behind it. This
Cost of delay in Retirement Planning The question is not that “Do You need a retirement plan?” the question is “When are you starting to invest in a retirement plan?” We all retire someday no matter what the profession, even business owners retire someday. To have a peaceful retirement one needs to start as early as possible. You need time
ABC of SIP Mutual Fund Investing A : Act early Give your money time to grow. See the example below it is self-explanatory. if your goal is to Save around 14 Lakh rupees for a goal which is 30 years ago. Let’s assume the rate of return is constant 12% per annum compounding. Here is what will happen if
BSNL, MTNL merger likely by July next year Another telecom giant in the making. Link: http://economictimes.indiatimes.com/industry/telecom/bsnl-mtnl-merger-likely-by-july-next-year/articleshow/41933897.cms Conditions apply however “The deadline of June-July 2015 has not been officially commissioned to the organisation but the merger is likely to take place in the time frame,” BSNL Director (consumer mobility) Anupam Shrivastava told PTI. Refer to the story
Steps to Financial Nirvana / Independence Step 1 to Financial Nirvana / Independence: Create an Emergency Fund This is needed to take care of any Financial emergency Medical Job Loss Unwanted Travel Sudden breakdown of a machinery like Car, TV etc. Sudden loss of un-insured items like theft of cell phone etc… Step 2 to Financial Nirvana / Independence :
Off late I am seeing lot of spam SMS in my inbox asking me to take advantage of the enhanced income tax 80 C limit in the latest budget to Rs. 150000/- . On a recent visit to bank I was again reminded of the enhanced 80C limits by my relationship manager. Before you respond to such messages take a
The Times of India today reported a story titled Flats booked but no land in NOIDA. The managing director was arrested but in his defense he says he started selling it since he had made advance towards purchase of the land. The police in the investigations found no proof for advance made towards land purchase while the builder had collected
Buying-a-Term-insurance-Plan-is-just-half-the-job – Half Baked Financial Plan So what do you find missing in the picture above. Moustache and shirt are half of what it should have been. Similar is the condition of financial plan of most of the people I meet. It is unfortunate to see that their death is necessary for the plan to succeed. With enough focus on
Invest up to Rs. 2.35 lakh and save income tax u/s 80C and 80D Section 80C (up-to Rs. 150000/-) Life Insurance Corporation of India (LIC of India) Life insurance premiums are exempt under section 80C All maturity returns are also tax free. We offer all LIC of India policies Equity Linked Savings Scheme (ELSS) Investments in ELSS mutual funds are
All you wanted to know about KBC scam Last year in 2013 Saradha scam rocked the parliament. This year another Ponzi scheme known as the KBC scam has been raised by the BJP MP Mr. Kirit Somaiya during the zero hour on 17-July-2014. The allegation was that a company called KBC Multi Trade Pvt. Ltd. / KBC Club and Resort