Wealthy & Wise: Create Wealth With Wisdom

For every investor interested in share market, now demat account is a go to thing. There are plenty of brokerage houses, fintech companies and financial institutions which provide the services of demat account opening and maintenance. But before you start your investment journey, it would be worthwhile to know what does Demat account stand for and for whom it is mandatory. Some more things about demat account will be there in the fresh podcast episode from Wealthy & Wise. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In the second part of the series on Financial Planning For Starters, we are discussing about the important aspects of financial planning. These include asset allocation, risk appetite, financial goals, etc. For the listeners of every age who are interested in wealth creation, this episode is very useful. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

It is said that it is somewhat easy to earn money but it's not definitely easy to make your money earn. Even many good savers are not able to understand how to earn a good return on their savings. Therefore the importance of financial planning can't be understated. And it is always better to start financial planning as soon as possible. We can also say that one should start his financial planning as soon as he starts earning. In this episode, I am going to tell the starters how to go for financial planning, if you don't want to go to a certified financial planner as of now. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Every non-resident Indian earning taxable income from India is under an obligation to file income tax return in India. But it must be remembered that income earned abroad is not taxable in India. NRIs have to pay tax in India only on the income earned and accrued in India, such as capital gains from shares, mutual funds, term deposits, property rentals, etc. What are the rules, this podcast will tell you in little detail. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

The Sukanya Samriddhi Yojana is girl child prosperity scheme launched by Government of India in year 2015. It is one of the best investment schemes in India for securing the future of girl child. It can be opened by the parents of a girl child below the age of 10. A Sukanya Samriddhi Account has a tenure of 21 years or until the girl child marries after the age of 18. This scheme can be easily opened in post offices and designated private or public banks in the form of a savings account in the name of the baby girl. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In Budget 2020, Indian Government has announced a new regime for Income Tax in which the tax rates were reduced. Though the old tax regime will also be in force and it would be taxpayer's choice to go with the old or new system. But what are the benefits of both the systems and how can you calculate the differences in your tax liability, you can know by listening this episode of Wealthy & Wise. #incometax --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

When you become NRI, there are some vital things which you must keep in mind. One of those things is redesignation of bank accounts. Whether bank accounts are savings or FD, it is mandatory for all NRIs to redesignate the existing bank accounts into NRI bank accounts. What are the rules, what are the benefits of NRI bank accounts and which types of NRI bank accounts are available, know all these into this episode of Wealthy & Wise. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Often people become confused between tax free bonds and tax savings bonds. And, in uncertain economic scenario, bonds are considered by many retail investors as an option. In this episode of Wealthy and Wise, there is an attempt to make people understand about the bonds in easy language. Go through this podcast episode to know why tax free bonds are superior for debt portion of your portfolio. #taxfreebond #wealthyandwise --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Filing income tax return is almost mandatory for every Indian citizen who earns more than Rs. 2.5 lakh annually and is less than 60 years of age. For senior citizens, the cut-off is Rs. 3 lakh, and for those who are more than 80 years old, the cut off is Rs. 5 lakh. But normally people try to avoid filing IT return till the deadline comes near. But why should one file IT return as soon as possible and what are its benefits, these are explained in this episode of Wealthy & Wise. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

It is everyone's desire to retire rich but only a few translate their desire into action and achieve their goals. But in this episode of Wealthy & Wise, you will be glad to know that being a crorepati retiree is not as hard a thing which you used to think. And you can achieve this target with a safe, and secure investment tool in India which is called PPF. And that too, without worrying about making hefty investment every month. Let's listen. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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? --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In the last few years, the investment trend in equity has increased significantly and equity mutual funds have played an important role in this. It is considered better for small investors to choose the route of equity mutual funds than to invest directly in stocks. But investors of equity mutual funds also knowingly or unknowingly make some mistakes which may result in low or negative returns. In this podcast, I am going to tell you how you can avoid making those mistakes. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app