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Confused by multiple debt instruments? Here’s how to choose the right one

Not all debt instruments are created equally. While you may make the same amount of investment for the same tenure, the financial consequences of it can be vastly different depending on which debt instrument you invested in. In this premium article, we explore the different forms of debt instruments by going over their critical features – interest rate, tenure, eligibility, safety, and more. After this objective analysis and comparison of various debt instruments, you will be more confident in making the right investment decision for portfolio.

Author: Karan Batra

Date: 10/15/2020

Can high income alone help you become rich?

You could earn lakhs every year but if you don’t strategically manage your money – save, invest, and spend wisely – then you may still be poor to someone who earns thousands but handles their money well. The differentiator between rich and poor is not income but watching your expenses, keeping an eye on your debt, managing your investments and thinking long-term.

Author: Balwant Jain

Date: 10/5/2020

Could NPS be the missing piece in your tax planning puzzle?

The National Pension System (NPS) was introduced by the government for the benefit of retirement of the citizens of India since the country does not have any social security schemes in place. While there are various other investments you can make to build your retirement corpus that form a central part of your tax planning, NPS could play a significant role as well. The premium article explores the tax benefits on NPS’s various contributions as well as the withdrawal criteria.

Author: Balwant Jain

Date: 9/28/2020

Here's how you can hold gold in demat form just like equity shares or mutual fund units

Global crisis like COVID-19 emphasise on the need for gold in your investment portfolio - you should ideally have 10%–15% of your portfolio in gold. To capitalise on the benefits of gold as an investment, investing in digital gold trumps physical gold. Through this premium article, we explore why this is so and take a look at various ways of investing in digital gold such as ETFs, gold savings funds, and Sovereign Gold Bonds (SGB). By discussing the taxation of different gold products and critically going over their pros and cons, you will be able to make strategic investment decisions.

Author: Balwant Jain

Date: 9/10/2020

Tomorrow Makers Guide to Building Your Emergency Fund

An emergency fund can offer multifold advantages. With increasing financial burdens in the pandemic, many people have found it hard to handle their expenses. Numerous others have turned to loans and added to their debts. An emergency fund can be used to meet most costs in urgent and unexpected times. Read on to know some insightful and actionable tips on how you can build an emergency fund and why it should be an important part of your financial plan.

Author: Tomorrow Makers Editorial Team

Date: 8/28/2020

Tomorrow Makers' Guide To Becoming Debt-Free in 6 Months

The debt trap is a vicious, never ending cycle that does not come with a snooze button. The bittersweet truth that stop gap arrangements and financial jugglery never work are often realised only at the tipping point. Thankfully, even the most challenging financial burden has a way out – with prudent, smart decisions. This eBook will help you chalk out a course of action that is not a theoretical castle, but a practical, solution for positive outcomes. The simple six month plan will help you emerge out of the debt trap, and set course for financial security.

Author: Tomorrow Makers Editorial Team

Date: 8/25/2020

Buying a home in your hometown or in a big city: What makes financial sense?

The biggest common dilemma for most of the homebuyers is where to buy a home – in your hometown or a metro city. This article discusses the suitability of buying a home in either your hometown or the metro city you are employed in considering a better standard of living. On the contrary, it throws light on the cost of owning a house in a non-metro city which results in lower EMIs. It does not end there, there are other psychological reasons, tax considerations, the emergence of new work from home culture due to COVID-19, etc., which need to be critically examined before making a big purchase.

Author: Balwant Jain

Date: 8/1/2020

Proven investment strategies that can be considered for volatile market

The pandemic caused due to the outbreak of COVID-19 has caused a stir in the global economy. This has resulted in volatility for different investment avenues, thus leaving the investors confused on which investment stream to opt for. Due to such prevalent financial uncertainty, there calls for right understanding of the current market scenario to make right investments. Through this premium article, we take a look at some basic principles of investing that never go out of style, understand the investment products under Gold, Equity and Debt classes and analyse historical data to give you an understanding of proven investment strategies that will aid you ride this uncertain economic condition out.

Author: Balwant Jain

Date: 8/1/2020