Wealthy & Wise: Create Wealth With Wisdom

ELSS or Equity Linked Savings Scheme is considered as the best tax saving investment option in India. It has the benefits of tax savings, good return on investment and minimal tax on the return earned. Moreover, it has the least lock-in period of three years which makes it the popular investment avenue. So how can you go ahead with the investment in ELSS, you can find the details in this episode of Wealthy & Wise. 

For a lot of stock market investors, receiving regular dividends is a lucrative option. In this episode of Wealthy & Wise, 7 such dividend paying Indian stocks are being discussed. No doubt, these are in the list of top dividend-paying stocks in India, but financial experts believe that high dividend shouldn't be the only reason for picking any stock. The history shows that many loss making companies too give dividends, so it is always advisable to take an informed decision while investing in the stock market. 

In the case of direct plans of mutual funds, investors can buy the fund directly from the AMCs or online platforms.  Whereas regular plans are purchased and sold through intermediaries i.e. brokers or distributors. Both plans are similar in terms of investment style, investment objectives, fund management, asset allocation strategy, portfolio composition and benchmark indices. But, the returns of direct plans are much better than regular plans. In this episode of Wealthy & Wise, the difference between direct and regular plans are explained as well as how to switch from regular to direct plan. 

Sovereign Gold Bond or SGB is considered the best investment avenue for investment in gold in India. SGB is not only safe, cost-efficient and easy to purchase, it also carries an interest of 2.5 per cent annually which makes it quite an attractive investment option. Though gold prices may fluctuate sharply depending on the various geo-political factors, but it is advised that one can keep gold as investment in the portfolio up to the 10 per cent of the size of portfolio. Wealthy & Wise, here, is presenting an overview of investment in Sovereign Gold Bond. 

Inflation has been termed as a form of indirect tax which everyone is forced to pay. And the implication of inflation is so wide that one can't ignore it while planning for his or her retirement. In this episode of Wealthy & Wise, an attempt has been made to make you understand why you should take into account the inflation before ascertaining the corpus of your retirement. 

PPF i.e. Public Provident Fund is one of the best fixed income investment tools in India. It is a tax efficient investment avenue, where one can invest up to Rs. 1.5 lakh per year. The best part of PPF is that it comes under the category of E-E-E investment tools. It means that not only it has the distinction of tax deduction of the investment amount, but the interest and the amount on maturity are also tax exempt. Financial experts, therefore, suggest their clients PPF as a must have investment option. 

When we talk about insurance, life insurance comes first of all in mind. And when we talk about life insurance, the first thing coming into mind is term insurance plan. But why term insurance plan is better in comparison to any endowment plan? Why insurance should not mix with investment? 

Retirement planning is a very important aspect of everyone's life. It involves accumulation of funds that may provide the necessary financial resources to meet the post-retirement expenses. For retirement, there are two popular routes that individuals these days look for; the National Pension Scheme and mutual fund SIP. In this episode, I am trying to discuss some basics of both these avenues so that you can decide which one suits you better. 

Though retirement planning is a very important part of financial planning, but most of the people start it very late. They always feel that they will have enough time for plan their retirement but often this is not the case. Retirement planning should also be done as soon as possible because it helps one to create a good retirement corpus for the later ages of your life. In India, National Pension System or NPS is a very good retirement plan and in this podcast episode, you get to know the basics of NPS and why one should consider this for retirement. 

Whenever you need any medical assistance, then health insurance policy comes in handy. This medical assistance is required to be given in case of sickness or if you are met with an accident. Remember that no medical emergency comes by telling anyone. It can make anyone its victim anytime, anywhere. And if that person does not have health insurance cover, then medical emergency can drain that person not only financially but emotionally too. If you have a health insurance policy, in addition to the cost of treatment, sometimes additional benefits are also available. If you have the right amount of health insurance, it can save you from the huge financial burden of medical expenses.