The psychology of spending explains why you buy what you buy — not just what you can afford. Emotions, childhood “money scripts,” and mental shortcuts like present bias and mental accounting quietly steer everyday decisions. Understanding these patterns, and automating good habits like SIPs, is what actually changes spending behaviour long-term — not willpower alone.
Quick Answer: An e-mandate is a one-time, RBI-regulated digital authorisation. It lets your bank auto-debit recurring payments — SIPs, insurance premiums, loan EMIs — without you approving each transaction manually. NPCI runs the payments infrastructure that routes and validates these instructions across banks. RBI’s consolidated Digital Payments – E-Mandate Framework, 2026, adds mandatory alerts, authentication
To build your first investment portfolio in India: build a 3-6 month emergency fund, get term and health insurance, define your goals, then split money between equity mutual funds (via SIP) and debt instruments based on your time horizon. Start small, automate it, and increase the amount every year. Key Facts A SIP in most
Quick Answer: CWM® and CFP® are global training certifications, not SEBI licences. A SEBI-RIA is a fee-only, fiduciary licence barring product commissions; an MFD is an AMFI-registered, commission-based role that can also give incidental advice. Either credential helps an MFD or RIA guide clients better. The right fit depends on your portfolio size — last
Quick answer: Financial independence means your investments — not your salary — can cover your essential expenses. You get there through five practical steps: know your number, clear high-cost debt, build an emergency fund, automate long-term investing through SIPs, and protect the plan with insurance and tax-efficient planning, reviewed regularly. Key Facts The Section 80C
Quick answer: For most Chennai households, an emergency fund of 3-6 months’ expenses is best split: a slice in a bank savings/sweep-FD account for instant access, and the rest in a liquid or overnight debt mutual fund for slightly better post-tax flexibility. Since April 2023, gains on debt funds and interest on FDs are both
A mutual fund factsheet is a one-page monthly document that summarises a scheme’s NAV, AUM, expense ratio, benchmark, risk-o-meter rating, top holdings and past performance. To read it well, check the category and objective first, then the cost (expense ratio), the risk-o-meter, the benchmark comparison, and the portfolio holdings — in that order, before looking
Quick Answer: Before buying a flat on a home loan, check four things in order. First, your own eligibility — income proof, CIBIL score, work history. Second, the property’s legal title and valuation. Third, the guideline value used for stamp duty and registration. Fourth, the lender’s real interest-rate track record, not just the rate quoted
Quick Answer: A financial planner connects your income, expenses, investments, insurance, and goals into one coordinated plan, and most families benefit from professional guidance at life stages like marriage, a new child, a job change, or retirement. Choose a planner based on qualifications, a documented risk-profiling process, and transparent, goal-based advice — not promised returns.
Quick Answer: IDCW (Income Distribution cum Capital Withdrawal) pays out fund-decided amounts taxed fully at your income slab, while SWP (Systematic Withdrawal Plan) lets you redeem a fixed amount you choose, taxing only the gain portion at capital gains rates. Both have unique benefits — IDCW can work out tax-free for households under ₹12 lakh
Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. Before making an investment, please contact the investment expert at Deepak Wealth Framework for designing a portfolio that suits your needs. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
AMFI Registered Mutual Fund Distributor | ARN - 328771 | Date of Initial Registration: 14/05/2025 | Current Validity: 13/05/2028.
