Numerous articles are published on International Women’s Day talking about how women have been successful in every sphere of life whether it is education, sports, employment etc. However, when it comes to wealth management, women are still not completely involved in money decisions. Moreover, many women find it difficult to communicate with financial experts in…
DetailsMutual fund investors prefer ELSS (Equity Linked Saving Schemes) since it is an ideal tax-saving product. Individuals who invest in ELSS can claim deduction of up to Rs 1.5 lakh in a financial year under Section 80C. In Budget 2020, the Finance Minister proposed a new tax system which makes it voluntary for taxpayers to…
DetailsTax incentives are provided by the government to individuals who invest in instruments for the long-term. Being a financial advisor, you must select the correct tax-saving option for your clients, keeping in mind whether they have just started their career, are in their 40s or retired. Here are some tips for tax planning as per…
DetailsMost of your clients will know about the significance of Systematic Investment Plans popularly known as SIPs as a tool to create wealth. However, many of them are not aware of the fact that SIPs are not a channel of investment but a method. Through SIPs, money is invested at systematic intervals in various equity…
DetailsPlanning for retirement is one of the key goals of clients. They wish to have the same lifestyle after they stop working and do things that they like. In order to make sure that your clients don’t face any financial difficulties during retirement, they need adequate retirement corpus. Given below are 3 popular tools financial…
DetailsThe main idea behind diversification is to incorporate different investments whose earnings don’t progress together with varied market situations in order to ensure that a fall in the revenues from one category of assets is guarded by an increase in another, thus reducing the impact on the portfolio returns as a whole. As diversification is…
DetailsThe word ‘DINK’ which stands for Double Income No Kids has become common in India. Typically, it refers to couples who have high income and no kids. These individuals have an advantage over other couples with children since their savings are quite high. However, there can be certain hitches if they don’t handle their finances…
DetailsDifferent asset classes go in various directions over a time period. Market conditions have an effect on asset allocation. When markets pick up, investors increase their equity allocation or reduce it when markets correct. This can change the asset allocation and moreover, affect the returns. Therefore, it is vital for financial advisors to rebalance their…
DetailsGenerally, financial advisors review their clients’ investment portfolio 1-2 times in a year. April or the beginning of the new financial year is the ideal time to assess their portfolio and make any changes if required. Here are 5 things you must ask your clients to do: Submit Form 15G, 15H The TDS limit for…
DetailsEvery financial advisor is aware about the importance of asset allocation. However, it is also vital to understand that investments have to be done keeping your client’s age in mind. Listed below are some key guidelines to help advisors build the right portfolio for their clients according to their age Clients in the age…
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