PersonalFinancePlan is an online personal finance advisory firm. We are a fee-only advisory firm in accordance with SEBI Investment Advisers Regulations, 2013

What’s wrong with LIC New Endowment Plan?

I have reviewed many traditional plans in this blog. The conclusion was same in all the cases that the plans were strictly avoidable. In this post, I will review LIC New Endowment Plan (814) and see how it fares against

Who is NRI as per FEMA and Income Tax Act?

Moving abroad for employment or planning to shift back to India permanently? How will your income be taxed?  Can you continue holding NRE deposit and continue to get tax-free interest? In my opinion, everything begins with finding out whether you

How to invest lump sum amount in mutual funds?

“I have got Rs 2 lacs to invest. How should I invest?” I get similar questions very often in e-mails or comments section.  In this post, I will not delve into products you should be investing in. That depends on

Should you invest in NPS?

Should I invest in NPS? Or Should I invest Rs 50,000 in NPS for exclusive tax benefit under Section 80CCD(1B) and no more? This is a question that worries many of us in the last quarter of financial year.  What

How claim is settled in case of multiple Health Insurance plans?

Many of us have more than one health insurance policies. And I receive a number of queries over e-mail and as comments in my blog post about discontent with claim settlements for two policies.  Many have grievance that the insurers

What are the various charges incurred while investing in NPS?

When you are investing, the cost of investing may impact your returns i.e. if the cost of investing is too high, it will compromise your returns. We have already seen how a small intermediary commission in regular plans of mutual

How Rs 3.2 lacs became Rs 11,678 in 6 years?

Birth of a child brings joy not only to the parents but also parents of the parents i.e. grandparents.  It is not uncommon to see grandparents making an investment in the name of their grandchildren. They want to contribute towards

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