I want to buy at least 40 grams of jewellery for my marriage in the next two years. What will be the best option for me to invest for a short-term goal like this? Should I buy a gold ETF, mutual fund or is there a better option available? I would suggest you to invest in Sovereign Gold Bonds (SGB), through...
Some small finance banks are giving lucrative FD options. Is it advisable to opt for such FDs at 8-9% returns than a normal debt mutual fund for short- to medium-term parking of funds? FDs opened with small finance banks offer higher capital protection and income certainty than debt mutual funds. The RBI has granted the status of scheduled bank to...
I expect to receive around Rs 75 lakh from the sale of an apartment. I do not intend to invest in another property. How do I invest this lumpsum amount in financial instruments? I am 47 years old and wish to adopt an aggressive style of investing. You should first check your long-term capital gains (LTCG) tax liability, if any, arising from your apartment sale. Section 54EC of IT Act...
Me and my wife (both 35 years old) are working in a private company and our net salaries are Rs 40,000 each. We have a Rs 20-lakh home loan in SBI which is insured and EMI is Rs 16,000 per month. Last month, we sold my parents property in my hometown and we got Rs 65 lakh for that property....
I am 40 years old and have taken a career break for a year. I received Rs 5 lakh as my gratuity and want to invest this amount in an avenue where I can get compounding interest. I want to use this money to end my home loan of Rs 18 lakh by May next year. I also have an LIC policy which will complete 10 years in December this year, so I will be able to withdraw Rs 4...
