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Shruti Arora

I am a CERTIFIED FINANCIAL PLANNER & have worked at Banking and Non-banking Financial Companies.

6 Financial Resolutions For New Year

New Year is almost here, and everyone is pumped to party hard and welcome the year in style. But before you swap the calendar, take some time to check out your current financial health, and make some financial resolutions for the coming year. This year-end review of your financial situation will help set you up for a more financially secure future.

If you want the next year to turn out to more lucrative than the previous one, consider the following financial tips or resolutions: Read More

Don’t Take Financial Advice From Ads

There is a famous saying “Advice is like mushrooms. The wrong kind can prove fatal“. When it comes to your hard-earned money, bad advice has an effect both now and for the rest of your life.

Sadly, a large number of people become victims of such wrong financial advice regularly, by just watching or hearing financial product commercials on television and radio. Funny right? Who would have thought that these two harmless daily relaxation activities can be dangerous for your hard-earned money and future?  Read More

Understanding Liquid Mutual Funds

Indians are by nature excellent savers, almost each and every one of us has at least one savings account in their name. We fall in love with our bank balance once it starts approaching a “nice looking” figure. While a big bank balance looks nice, do you know that you are actually losing your hard earned/saved money if a large amount of money is lying idle in your savings account? This is because the interest rates given by most savings account is around 3.5% to 4%, which is lower than the inflation rate. So instead of growing, your money actually loses its inherent value if kept in savings account.

Although Indians are good savers, they are poor investors. This is because they are so used to keeping their money in savings account and FD’s (another favorite of Indians), that they are only comfortable with vehicles which provide safety and easy accessibility of their money. They shy away from risky investment vehicles even if they provide high interest rates. They are happy with negligible returns as long as their money is secure and safe. It is because of this mindset that majority of Indians fall short of attaining their dream of great riches, in spite of the fact that they save regularly and religiously.

Do you know there is a type of mutual fund available which offers almost the same safety and accessibility of funds as savings account, but offers better interest rates (almost double compared to your regular savings account)?

Yes you read it right, they are called “Liquid FundsRead More

11 Tips For Building Your Savings From Zero

Saving regularly is the only key to ensure future financial security, but people come up with all sorts of excuses for not saving: I don’t have any surplus to save, My expenses are too high, I don’t know how and where to start etc.

Your ability to save money is not dependent on your earnings but your mindset. If you just change your attitude a bit and start seeing things from a new perspective, you will start finding ways to increase your savings corpus with your current income easily.

Read More

Decoding the new Long Term Capital Gains Tax on Equities

Until financial year 2017-18, Long Term Capital Gain (LTCG) tax on equity or equity oriented mutual funds was Nil, i.e. if investors sold their shares or equity oriented mutual fund units after holding them for more than a year, they paid zero LTCG tax. All the gains (no matter the amount) were theirs to keep without fear of the taxman.

However, in this year’s budget, the government has changed the rules and has introduced an LTCG tax of 10% (without indexation) on gains made above 1,00,000 per annum, starting from April 1st 2018.

To understand the implication of this new LTCG tax, you need to understand some key points and features: Read More

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