Become a millionaire with a simple easy-to-follow plan.

The idea of a dividend represents a reward or additional money in popular perception and many investors opt for dividend options of mutual funds without realizing that dividends erode wealth in almost all cases.

In order to optimize your earnings, the first thing to do is to determine what you expect to achieve with your savings. Everything else will flow from that, whether it is long term retirement planning or meeting specific short term goals.

Do you want to grow your wealth or preserve it? What are your options?

Can I achieve my target with financial planning?

I am 22 and earn Rs 18,000 per month. At what rate should I invest and how should I proceed further to earn income that could replace or be equal to my present salary.

The effective rate of Dividend Distribution Tax has increased from 20.47 percent to 20.92 percent due to an increase in surcharge. It affects only investors in dividend or dividend reinvestment options of funds.

“In this world, nothing can be said to be certain, except death and taxes”- Benjamin Franklin. “tax saving investment options tax saving schemes”