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Money

Home/ Money

My Parents are 45 years old and want to buy a term plan that protect against critical illiness and accidental death. Should they also buy a Health Insurance ?

Question
It is advisable that they buy a health Insurance .Given the rising cost of hospitalisation ,protection against such medical emergencies is a must for one's well- being. Even ...
0
Money

I redeemed my investement in an ELSS fund after the mandatory #year lock in period. Will the amount received be taxable ?

Question
The long term gain will be taxed at 10%. For Investement made before 1 Feburary 2019,the cost of acquisition will be the higher of the actual cost at the time of making ...
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Money

I have just retired and received Rs 1 crore in retirement benefits. Where should I invest it to earn a monthly income of Rs 50000 ?

Question
Based on the limited information, I would suggest you to invest Rs 15 lakhs each in Senior Citizens Savings Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY). You can Invest Rs ...
0
Money

My daughter is earning Rs 24000 per month and she is 24 years old. She wants to invest Rs 10000 a month. Please suggest some investment avenues.Her horizon is five years.

Question
At your daughter's age around three fourth of her savings should ideally be allocated to an equity -oriented fund. However ,the decision is dependent  on other factors such as the financial goal,risk ...
0
Money

A Flat is owned by three people. While two of them actually paid for the flat ,the third name was added in the agreement for the sake of convenience .Does the third holder have any right to the property?Can he leave a share of it to someone else?

Question
Broadly ,all joint holders have a share in the property. The exact right would be determined by the type of co-ownership specified in the sale agreement. Joint ownership can be of two ...
0
Money

Whether My Financial Investment is on the right track ?

Question
I am a government employee. My wife is also working and together we bring home Rs 90,000 a month. I have an outstanding home loan of 16 lakhs, which I intend to ...
solved 0
Money

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