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Title of ReLakhs: "ReLakhs | Personal Finance Blog"
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You have a nominee. But does that automatically make them the owner of your money, investments or property? Not always.
This is one of the most misunderstood aspects of financial and estate planning in India.
We all nominate someone—spouse, child, parent—when we open a bank account, buy mutual funds, take insurance, or open a demat account. We assume: “Nom...
Fixed Deposits (FDs) continue to be one of the most popular investment options among Indians. Whether you are a salaried employee, retiree, homemaker or a first-time investor, chances are you already have one or more FDs.
However, when it comes to income tax, Fixed Deposits create more confusion than perhaps any other investment.
Questions...
Many investors think Dynamic Asset Allocation Funds and Multi Asset Allocation Funds are the same thing, just because both allocate money across different types of investments. But they are actually quite different.
A Dynamic Asset Allocation Fund keeps changing how much money it puts into shares (equity) depending on whether the market looks expensive or cheap. So ...