Decoding Personal Finance

Growing Wealth while Saving Taxes It is that time of the year once again when we  start thinking about our tax savings for the year and scramble to do last minute tax saving investments before the financial year ends.  While we cannot eliminate taxes completely, a smart investor can surely cut down on the overall tax outgo by prudent tax planning.  One important section for tax savings is the 80 C wherein one can save taxes up to Rs. 46800.  Given the substantial tax savings that one can make, it surely generates a lot of interest. The options are many under this category and choosing the most suitable one is what requires some thought.  Many choose these investments  with little thought and end up getting stuck with unwanted and unsuitable investments.  What can make a difference is using these options wisely to not only save tax at the time of entry but also linking them up to your long  term financial goals.  What is easier said is difficult in practice, especially given the sheer n

FINANCIAL LESSONS FROM THE YEAR GONE BY 2021 was an eventful year for the financial markets. While early 2020 was battered and bruised by the impact of corona, falling almost 30%, the later half brought some kind of recovery and cheer to the financial markets on the back of high liquidity and promises of the vaccine. Even as the new year unfolded, the investor sentiment was back and buoyant amidst high liquidity brought about by the infusion packages of Governments worldwide.   India stood strong amongst the emerging markets and enjoyed the attention of FII's who continued to pump in more liquidity to keep the markets on an upswing. Not to be left behind, the DII's too continued to invest their savings accumulated over the corona times, and the equity markets saw huge inflows to the tune of $ 37.6 billion by the FII's alone. The investor confidence was back in the markets and even those who had never invested wanted to test the turbulence of the equity markets.  Of course i