This calculator allows you to determine: 1. Paid-up value 2. Guaranteed Surrender value 3. Special Surrender value of any non-ULIP insurance policy. The numbers should be exact for LIC policies since it uses their surrender value factors. This can be used as a crude estimate for other insurers provided a lower average bonus rate is…
Continue reading →Jago Investor authored by Manish Chauhan is one blog known to most Indians who use the internet. Even those who are chronic procrastinators with respect to their financial life know about it. My own ongoing journey of financial awareness started with Jagoinvestor. A few years ago Manish started the JagoInvestor Forum, a place where investors…
Continue reading →The answer is actually a no-brainer! Of course you should switch to the direct mutual fund plans. Need some convincing? Use a calculator and consider the the pros and cons … Lets start at the very beginning … What is a ‘direct’ mutual fund plan? A MF purchased directly from an asset management company (AMC)…
Continue reading →No I am not referring to myself! (although a few my students would have something to say about that!) I am referring to ‘One Idiot‘ the new short film directed by Amole Gupte and produced by IFDC foundation as part of their initiative to spread financial literacy to young Indians. If you haven’t seen it…
Continue reading →Are you in your 20s, just starting out on a job? Are you married with no children yet? You want to buy a term insurance policy but confused about how much to get insured for? If you have said yes to any of the above questions, here is a simple insurance calculator that would suit…
Continue reading →When you invest in a mutual fund a percentage of what you earn as returns is subtracted to pay for the fund manager, fund distributor, advertising and other expenses. This is referred to as expense ratio. For example if you invest Rs. 1 lakh in a fund and if the fund returns 10% in a…
Continue reading →Today I opened the HDFC mutual fund portal to make my monthly purchases. I was pleasantly surprised to find that the number of funds had doubled! For example: HDFC Top 200 has a new sibling ! HDFC Top 200 Direct! The same is true of all other funds. If an investor chooses the direct option…
Continue reading →Secure the future of your children with this comprehensive insurance with goal planner! This insurance with goal planner allows you to determine: 1. the insurance amount need to secure college and marriage expenses of two children 2. the amount need to save for college and marriage expenses 3. insurance amount need to provide inflation adjusted monthly expenses…
Continue reading →This insurance with goal planner allows you to determine: 1. the insurance amount need to secure college and marriage expenses of two children 2. the amount need to save for college and marriage expenses 3. insurance amount need to provide inflation adjusted monthly expenses for the family and school expenses for two children It provides…
Continue reading →This is a calculator which hopes to impress upon you how expensive it can be to postpone planning for retirement. Talk to an average person in his/her mid-20s today about retirement planning and the typical response is: “Please stop! I have just started earning and want to ‘enjoy life’. Buy a car and many other…
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