Things to check while buying your first house

Things to check while buying your first house

Should I rent or buy a house ?

Subramanian
Before I bought my house in 2010, I was grappling with this thought whether to buy or rent ? . I was living in a rented house and was paying Rs 8000/- as rent. My parents insisted on buying a house and the EMI was Rs 14,000/- per month. I argued that the rent amount was much lesser and insisted that we live in a rented house as the EMI is much higher than the rent.
Goal Planning - Income & Expenses - Part 5

Goal Planning - Income & Expenses - Part 5

Identify your sources of income and categorize your expenses

Subramanian
November 2002 - I boarded the train from Mumbai to Pune to take up my first job. Net income was Rs 15,000/- We were working in one of the top IT service companies and quite excited. I used to meticulously write my expenses on daily basis. Very soon, I had made some good friends. I was eating out regularly. There was one late night movie every week, parties during the week.
Equity - International Funds

Equity - International Funds

What are Equity International Funds ?

Subramanian
One of the risks that recently have been talk of the town are geographical risks . Despite the world which is so interconnected now and any event has repercussions across the world, there are still inherent geographical risks which are local . US Economy US economy is the largest and most important in the world. US economy represents about 20% of total global output .
Exchange Traded Funds (ETFs)

Exchange Traded Funds (ETFs)

What is Exchange Traded Fund ?

Subramanian
Mutual funds can be categorized into two types of funds : Active Funds In active funds , we have an experienced fund manager and a management team to make decisions on the amount collected from investors. For example, Mirae Asset Large Cap Fund - Fund Manager - Gaurav Misra & Harshad Borawake Parag Parikh Long Term Equity Fund - Fund Manager - Rajeev Thakkar & Raj Mehta Passive Funds In passive funds, they follow a market index and do not have a fund manager who actively manages the portfolio.
Debt Mutual Fund

Debt Mutual Fund

What is Debt Mutual Fund ?

Subramanian
Debt Mutual Funds When we buy a house loan from bank, Bank provides us money We need to return the money after fixed number of years Bank charges a fixed interest rate for the money that it has lent However, we also lend money to banks. In case of a fixed deposit, we lend money to the bank. In FD’s, you would see a similar resemblance as that of a house loan: