Real estate services encompass a wide range of professional offerings related to the purchase, sale, lease, rental, appraisal, and management of real property. These services are typically delivered by qualified professionals such as real estate agents, brokers, consultants, and property managers. They support both individuals and businesses in navigating the complexities of the real estate…
IntroductionAlternative investments represent financial assets that fall outside traditional categories like stocks, bonds, or cash. These investments offer investors access to unique opportunities for growth, wealth preservation, portfolio diversification, reduced volatility, and potential tax benefits. In India, the Securities and Exchange Board of India (SEBI) classifies Alternative Investment Funds (AIFs) into three categories: Category I,…
Pursuant to Finance Ministry modified the PM Vaya Vandana Yojana (PMVVY) pension scheme for senior citizens, Life Insurance Corporation of India (LIC) has launched the non-linked, non-participating, pension plan subsidized by the Centre. The scheme will provide an assured rate of return of 7.40% per annum. This plan will be available for sale commencing from…
PPF – TAX rule (EEE): Investment in PPF is eligible for tax exemption u/s 80C IT act. Income is exempt from tax, and Redemption proceeds are not added to tax PPF is one of the top-ranked investments all these years because of the following advantages. The balance available in PPF account is free from court…
[This post answers questions about the rules related to addition or deletion of names in FD, TDS in case of joint accounts, interest calculation in leap year, conditions for deposits held in minor’s name, transfer of fixed deposits, interest payment on prematurely closed deposits, renewal of Overdue deposits, and deposits in the joint names of…
The wealth management process is a structured and comprehensive approach designed to help individuals achieve their financial objectives. It integrates various aspects of financial planning, investment management, and tax optimization to deliver personalized financial solutions. The process typically involves the following key stages: 1. Assessing the Client’s Current Financial Position This foundational step involves a…
Originally posted on October 26, 2022, updated on June 4, 2025 The Senior Citizen Savings Scheme (SCSS) is a government-backed savings plan designed for individuals aged 60 and above, or those aged 55-60 who have retired. It offers a fixed interest rate (currently 8.20%) and allows for either individual or joint accounts (with spouses). The…
Retirement can be great joy all through your life if you have sufficient money to spend. One of the greatest difficulties after retirement you may face is handling of lump-sum money you have received from PF, Gratuity, Leave encashment, commutation of pension etc. Retirement planning begins with determining your long-term financial goals and tolerance for…
IntroductionWealth management is a comprehensive financial advisory service designed to address the complex needs of high-net-worth individuals (HNWIs). It integrates a variety of financial services and strategies to preserve and grow clients’ wealth over time. Wealth Management Business Structure Wealth management firms generally operate under two primary structures: independent firms and wirehouse models. Compensation Models:Wealth…
A debt fund is a mutual fund scheme where the money is predominantly invested in fixed-income securities like government securities, debentures, corporate bonds, commercial papers, and other money-market instruments. The issuer of debt instruments pre-decides the interest rate you will receive as well as the maturity period. Hence, they are also known as ‘fixed-income’ securities.…