What is the financial wellness initiative of Tata Capital called
'Elevate' is the financial wellness program for employess powered by Tata Capital
If one is able to save 20% of the salary one does not require investment planning?
Investment planning is required for ensuring financial security of self and family
Select one option which is NOT the reason for investment planning
Investment planning is required throughout ones earning years and not just on a job change
Which is the best practice related to time value of money
Starting early is the best way to maximise time value of money
One must increase the investment amount with increase in earnings to tackle inflation
One must invest regularly and increase the amounts with corresponding increase in income to maximise the investment corpus
Which is a best practice for investments?
Diversication ensures averaging out of returns across asset classes over the years
How is the best way to save tax?
Esnuring correct tax planning and not tax avoidance is key to save tax
Which is a type of tax saving instrument/avenue?
Equity linked tax saving scheme (ELSS) is an avenue available under section 80(C)
Life and Health Insurance is not required if one has saved enough money
Life insurance helps secure our loved ones and health insurance takes care of health related contingenices
Which of the below is NOT the reason for buying health insurance
One must buy insurance even if the employer is giving health insurance cover to ensure coverage during employment gaps and creating a history with the insurer
Which is a better savings approach?
Investing first ensures that you are prudent in your spending for the rest of the month
What is the best way to start investing as a beginner?
It is important to take it easy in the beginning until you gain enough basic knowledge about the investment options
One does not need to invest in National Pension Scheme if they have their Sec 80C deductions already maxed out by ELSS, PF etc
There are additonal avenues for tax saving of up to Rs 50,000/- u/s 80CCD (1B) and a further 10% of Basic+DA u/s 80CCD (2)
Which of the following is a benefit of Systematic Investment Plan (SIP) ?
SIPs have a range of benefits including absorbing market shocks
