What Is Unclaimed Dividend?
An unclaimed dividend is a dividend that remains unpaid or unclaimed by shareholders after a company declares and attempts to distribute it. Common reasons for unclaimed dividends include outdated contact information, forgotten investments, or dormant accounts. Duration and Transfer to IEPF: Companies must maintain unclaimed dividends in a separate “Unpaid […]
Why Typical Goal-Based Financial Planning Falls Short for Your Retirement
Picture this: it’s a peaceful weekend morning, and you’re sharing a cup of tea or coffee with your life partner. The conversation drifts from reminiscing about your parents’ retirement lifestyles to your current way of living. Naturally, it leads to discussions about your long-term financial plans and the kind of […]
Why Thematic Mutual Funds Might Not Be the Best Investment Strategy
Mutual funds have long been a go-to for investors seeking diversified exposure to the stock market without the complexity of selecting individual stocks. Among the many types of mutual funds, thematic mutual funds have gained traction in recent years. These funds focus on specific sectors or themes, such as technology, […]
Understanding the Dynamics of Individual vs Family Floater Health Insurance
Meet the Raj family: Mr. Raj, aged 42, Mrs. Raj, 40, and their energetic children aged 12 and 10. Aware of the escalating medical expenses and the growing necessity of health insurance, they are exploring options to safeguard their family’s health. Mr. Raj is contemplating two primary choices: Individual Health […]
Understanding TDS on Property Purchases
Tax Deducted at Source (TDS) is often perceived as a complex process by those responsible for its filing and payment. However, it holds significant importance for the Tax Department, as it provides a reliable trail of transactions for monitoring tax compliance. Since the responsibility of deducting and depositing TDS lies […]
Travel Insurance Essentials: Your Passport to Worry-Free Journeys
In today’s world, where travel has become more accessible than ever, the significance of travel insurance cannot be overstated. It acts as your safety net, protecting you from unexpected events that could turn your dream vacation or business trip into a stressful experience. This guide explores the types of travel […]
Understanding Good vs. Bad Liabilities
When it comes to managing personal finances, understanding the distinction between good and bad liabilities is crucial. Liabilities—or obligations owed to others—can have both positive and negative effects on your financial well-being. In this article, we will explore the concept of liabilities, examine their types, and discuss strategies for effectively […]
The Global Peer-to-Peer Lending Landscape: A Game-Changer in Finance
Peer-to-peer (P2P) lending has grown from being a small-scale service to a worldwide trend, revolutionizing how people and businesses borrow and lend money. It started as an alternative to traditional banks and is now a billion-dollar industry known for its innovation, inclusivity, and growing regulation. Let’s look at the current […]
The Importance of Health Insurance: Securing Your Financial Future in India
With rising healthcare costs and an increase in lifestyle-related illnesses, health insurance has become essential for every individual and family in India. Medical emergencies are unpredictable, and without proper financial planning, they can disrupt your savings. Health insurance not only provides a financial safety net but also ensures access to quality […]
The Weight of Money on Your Mind: Understanding How Finances Impact Mental Well-being
Money is often seen as a key to achieving the life you desire, yet it can also become a source of stress and anxiety when financial challenges arise. A lack of money or financial stability can deeply impact mental health, leading to feelings of worry, depression, and anxiety. Studies¹ highlight […]