Following the introduction of the budget in 2018, we have not really experienced any major upheavals in our personal finances, except for the fact that long term capitals gains will be taxed at 10% for dividends that exceed INR 1 lakh without indexing. That aside, this year will more or less be similar to the previous one- this means that returns from investments will not exceed our expectations. If you wish to improve your finances in the coming year, follow the tips listed below to improve your returns: 1.) Invest in mutual funds through an SIP A Systematic Investment Plan (SIP) is ideal for mutual funds as it involves convenient instalments paid as per the frequency decided by the investor. This is a more profitable way to invest in mutual funds because the investor gets maximum benefits from the fluctuations in the prices of various market securities. 2.) Invest in Insurance If you do not already have an insurance plan in place, you should make it a point to find the best one and invest in the same without any delay. A health insurance policy provides coverage for illness and injuries which is a necessity, and likewise, a life insurance too is an important investment for all. 3.) Invest in Insurance
If you do not already have an insurance plan in place, you should make it a point to find the best one and invest in the same without any delay. A health insurance policy provides coverage for illness and injuries which is a necessity, and likewise, a life insurance too is an important investment for all. Apart from these, an individual should always strive to maintain a healthy and high credit score as close to 900 as possible. To know more about the additional ways to make better profits in 2018, the resource given below will be of assistance: Reference Article: 10 Smart Financial Moves You Should Make in 2018
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |