3 SIP Investment Tips for Beginners

Timing the stock market is not simple if you do not have the experience and knowledge. One way to earn higher returns is to choose equity-oriented mutual fund schemes. You may further opt for a Systematic Investment Plan (SIP) to follow a disciplined investment approach.

With an SIP, you invest a fixed sum at periodic intervals, monthly or quarterly in your chosen mutual fund scheme. This eliminates the need for you to time the market while ensuring compulsory savings.

Here are three beneficial tips for investing in SIP if you are a beginner.

Which Personal Loan Should I Opt For: Fixed Rate Or Floating Rate

It is now a viable option to take a loan for important personal expenses like renovating your house, taking a family vacation when everyone’s vacations are around the same time. Being a salaried or fixed income professional can make cash flow a hurdle when it comes to making plans like these and many people who know they will be able to pay for expenses that they need to make urgently, over a predetermined period of time. 

Indeed, financial responsibility is about prioritizing your expenses and utilizing your funds to the best possible extent. It is not always necessary to have to the funds for the investments that you need to make, if you know you have a steady source of income and can afford to take a personal loan and pay it back. 

Should health insurance be considered as a tax saving instrument

This is that time of the year when most of you must be busy in exploring investment options to get the maximum tax benefits. After exhausting the limit of Section 80C, people are looking at Section 80D i.e., health insurance to save tax. The premium paid towards health insurance can be availed as a deduction up to Rs 25,000, from the total income under section 80D of the Income Tax of India. The deduction is available with respect to premiums paid for self, spouse, and children. For parents, an additional Rs 30,000 is allowed as deduction if your parents are senior citizen, if they are not senior citizens yet, then Rs 25,000 deduction is allowed.

But, should one ‘invest’ in a health insurance policy to save tax? 

Current Scenario

Given the importance of health or mediclaim insurance, India is still lagging on the health insurance penetration. This is because people are still unaware of the benefits and importance of having a health insurance policy. Around, 80% of the people in India are not covered under any health insurance plan.

How to Afford College Tuition

The cost of tuition can be daunting. It’s so intimidating that many academically gifted students fail to apply. College is affordable if you follow these creative steps towards securing your degree. If you’re not at the top of your class or are not a gift athlete, funding for college is still available.  Don’t make the mistake of selecting an expensive private university where your degree will be saddled with mountains of debt.

One of the most economical options is to enroll in a local community college for the first two years of a four year degree. The tuition is a fraction of the cost of a state university and, provided strong grades are attained, these credits will generally transfer to a four year university. 

Benefits of a Student Exchange Program

A Student exchange program provides broad based benefits and results for students keen to embark on their international learning adventure. Several of these are interlaced and come together to comprise of an overarching exchange experience.

Educational benefits

·         International knowledge and learning drives the students towards understanding and acceptance of a wide array of diverse community and cultural perspectives.