Financial

Wellness Plan

Suraj Ravindra Salunkhe

th
14 Aug, 2024
CONTENTS
Your Financial Wellness Plan 3
Key Takeaways, Next 3 Months Action Plan

Your Financial Profile 5

Financial Behaviour Score, Your 1 view, Assets, Liabilities

Your Financial Analysis 10

Financial Metrics, Net Worth Projection, Liability Analysis, Insurance Policy Evaluation, Mutual Fund Holdings Evaluation, Tax Evaluation, Credit
Card Evaluation

Financial Products Featured List 27

Term Insurance Plans, Health Insurance Plans, Equity Mutual Funds, Debt Mutual Funds, Hybrid Mutual Funds, Credit Cards, Housing Lenders

Best Practices 48
Building a Strong Credit Profile, Planning Your Income Taxes, Available Tax Deductions, Capital Gains Taxation by Asset Type, Planning For
Inheritance, Understanding Inheritance’s Tax Implications, Planning Your Estate and Will
Your Financial Wellness Plan

Key Takeaways

Expense and Liability

Emergency Planning Asset Allocation
Management

Not buying an adequate health Your bad liabilities to total You've secured your financial
cover for yourself exposes you assets ratio is high. Consider future well with equity investing.
and your loved ones to emotional using low-yielding assets to pay
strain. Consider purchasing off your bad liabilities.
more cover.

3
Next 3 Months Action Plan
Consult your Financial Advisor before executing any transactions involving existing financial products for long-term and
short-term tax implications

Next 3 Months Cashflows Amount

Emergency Planning
Increase health insurance cover to ₹ 5,00,000
Income ₹ 3.0L
Consider Taking health Insurance embedded in your Parents Health Insurance.
Household & Lifestyle Expenses ₹ 62.5K
Asset Allocation
Tax Expenses ₹ 21.4K
Maintain equity exposure at ₹ 16,000
EMIs ₹ 90.0K The SIP amount continues to be 16,000 but more diversification is needed. Over dependecy on ICICI Value
Discovery Fund. So, allocate equally in following 4 funds namely:
Planned Investments ₹ 56.4K 1. Nippon small cap fund
2. Motilal oswal midcap fund
Surplus for the Period ₹ 69.7K 3. HDFC Sensex fund
4. Parag Parikh Flexicap fund.

And stop SIPs in existing mutual funds.

Disclaimer: Numbers may not add up due to rounding. 4

Your Financial Profile

Financial Behaviour Score MoneySign® Generation Profile

Generation 2
Skilled professional with a steady income
and cautious outlook, who wants to improve
the standard of living.

50
Life stage
Building phase Age Range: 26 - 35

0 100 Focusing on building a strong foundation

Growing professional skills and expertise
Far-sighted Eagle Taking on more responsibilities
Building financial stability

Your Risk Category :

Medium Risk

5
Financial Behaviour Score

50
Financial Behaviour Score is a numerical
representation of your financial well-being, offering
an in-depth assessment of how closely your financial
choices align with your personality, demography,
generation, life constraints, and the macro-economic
environment.

Disclaimer: Financial Behaviour Score is part of 1 Finance's patent-pending holistic

financial planning framework that is aimed at generating a wellness plan for the
customers to help them achieve financial well-being.
0 100

6
Your 1 View

Assets ₹ 8.5L Liabilities ₹ 13.0L Insurance

Equity ₹ 4.7L Good Liabilities ₹ 0.0L Life Insurance ₹ 1.1Cr

Real Estate ₹ 0.0L Bad Liabilities ₹ 13.0L Health Insurance ₹ 0.0L

Passive Income Assets ₹ 0.0L

Debt ₹ 2.8L

Alternative Investments ₹ 1.0L Income ₹ 12.0L Expenses ₹ 3.4L

Regular Income ₹ 12.0L Household + Lifestyle ₹ 2.5L

Other Income ₹ 0.0L Taxes ₹ 85.8K

Disclaimer: Numbers may not add up due to rounding.

7
Assets As on 14th Aug 2024 Existing Assets: ₹ 8.5L

Asset % Asset Class Market Value Monthly Investment

Equity Mutual Funds 49% Equity ₹ 4.2L ₹ 17.0K

Savings 24% Debt ₹ 2.0L ₹ 0.0K

Physical Gold 12% Alternative Investment ₹ 1.0L ₹ 0.0K

EPF 9% Debt ₹ 80.0K ₹ 1.8K

Public Stocks (India) 6% Equity ₹ 50.0K ₹ 0.0K

Total ₹ 8.5L ₹ 18.8K

Equity: 55%
Real Estate: 0%
Passive Income Assets: 0%
Debt: 33%
Alternative Investments: 12%

8
Liabilities As on 14th Aug 2024 Existing Liabilities: ₹ 13.0L

Good liabilities generally are productive, with favourable rates and terms, while
bad ones are for non-essential expenses, have high rates, or unfavourable terms.
Prioritising the repayment of bad liabilities is wise, as they cost more in the long
run.

Account Age Pending Outstanding Interest

Liabilities Category EMI
in Months Months Amount Rate

Personal Loan 1 Bad 14 46 ₹ 5.0L ₹ 13.0K 10.5%

Personal Loan 2 Bad 14 58 ₹ 8.0L ₹ 17.0K 10.5%

Total ₹ 13.0L ₹ 30.0K

Good liabilities: 0%
Bad liabilities: 100%

9
Your Financial Analysis Emergency Planning

Emergency Funds Health Insurance Life Insurance

₹ 2.0L Ideal: ₹ 3.5L ₹ 0.0L Ideal: ₹ 9.0L ₹ 1.1Cr Ideal: ₹ 1.6Cr

Having an adequate liquidity buffer is an Lack of adequate health insurance coverage Inadequate life cover can be damaging for
excellent downside protection strategy exposes the family to avoidable financial and dependants if the policy owner leaves behind
against situations like job loss, financial emotional strain in the event of an a large amount of liabilities, with only a few
emergencies, etc. emergency. assets.

Disclaimer: The red shade denotes a value that falls outside of the suggested range for a given metric, while a green shade indicates a value that falls within that suggested range.
10
Your Financial Analysis Expense and Liability Management

Good Liabilities-to-Total Assets Bad Liabilities-to-Total Assets Expense-to-Income

0% Ideal: 17.7% - 44.2% 153% Ideal: Up to 2.8% 28% Ideal: Up to 45.9%

It is advisable to use debt optimally when High levels of expensive debt translate to Keeping expenses under control reduces the
creating valuable assets for the future. paying more interest than is necessary. likelihood of encountering a cash flow
problem.

Good Liability Linked EMI-to-Income Bad Liability Linked EMI-to-Income Investments-to-Income

0% Ideal: 13.2% - 33% 30% Ideal: Up to 9.4% 19% Ideal: 18.2% - 45.6%

Having only a few good EMIs (or none) may If the burden of unsecured or high-cost EMI Consistent and substantial savings are
result in excessive interest payments, which is debt is high, it should be repaid quickly, essential for laying a solid foundation for a
undesirable unless there are higher-return preferably with low-yielding assets. stable future.
investment opportunities available.

Disclaimer: The red shade denotes a value that falls outside of the suggested range for a given metric, while a green shade indicates a value that falls within that suggested range.
11
Your Financial Analysis Asset Allocation

Equity Real Estate Passive Income Assets

55% Ideal: 30.5% - 70.3% 0% Ideal: 28.1% - 53.1% 0% Ideal: 3.2% - 29.8%

Well-balanced equity investment strategy has A low real estate allocation misses out on a Keeping very low or no passive income assets
the potential to generate higher returns with valuable way to diversify portfolio and may limit one's ability to generate consistent
the right risk tolerance. generate consistent returns over time. and reliable streams of income in the long
term and increase vulnerability to financial
risks.

Debt Alternative Investments

33% Ideal: 4.8% - 29.8% 12% Ideal: Up to 31.8%

Unless there is a short-term financial Allocating some portion of the portfolio to

objective associated with it, excessive alternative products provides diversification
exposure to debt instruments might reduce benefits.
overall portfolio returns.

Disclaimer: The red shade denotes a value that falls outside of the suggested range for a given metric, while a green shade indicates a value that falls within that suggested range.
12
Net worth

Your net worth is simply the difference between what you own (like
your house, retirement funds, etc) and what you owe (your liabilities
such as mortgage, credit card debt and so forth).

Total Assets Total Liabilities Networth

- =
₹ 8.5L ₹ 13.0L ₹ -4.5L

Value Under Advisory: ₹ 21.5L

This includes total of your assets and liabilities.

13
Net Worth Projection

Year CNWT (Cr) NWTEP (Cr) Year CNWT (Cr) NWTEP (Cr)

2024 -0.0 -0.0 2038 1.6 2.0

2025 0.1 0.0 2039 1.8 2.4

2026 0.2 0.1 2040 2.0 2.8

2027 0.3 0.1 2041 2.2 3.3

2028 0.4 0.2 2042 2.5 3.8

2029 0.5 0.3 2043 2.7 4.4

2030 0.6 0.3 2044 3.0 5.0

2031 0.6 0.5 2045 3.4 5.8

Current Net Worth Trajectory (CNWT)
MAR '2055 | ₹ 9.3Cr 2032 0.7 0.6 2046 3.7 6.6
Assumes that you maintain your current financial habits until retirement.
2033 0.8 0.8 2047 4.1 7.4

Net worth Trajectory With Effective Planning (NWTEP) 2034 1.0 0.9 2048 4.6 8.4

MAR '2055 | ₹ 17.5Cr 2035 1.1 1.2 2049 5.0 9.5

Assumes that your finances are aligned with your personality by following the
ideal guidance provided on the 'Your Financial Analysis' pages on the 2036 1.2 1.4 2050 5.6 10.7
following aspects: expense and liability management, asset allocation, and
2037 1.4 1.7 2051 6.2 11.9
emergency planning.

14
Net Worth Projection

Year CNWT (Cr) NWTEP (Cr)

2052 6.9 13.2

2053 7.6 14.6

2054 8.4 16.0

2055 9.3 17.5

Current Net Worth Trajectory (CNWT)

MAR '2055 | ₹ 9.3Cr
Assumes that you maintain your current financial habits until retirement.

Net worth Trajectory With Effective Planning (NWTEP)

MAR '2055 | ₹ 17.5Cr
Assumes that your finances are aligned with your personality by following the
ideal guidance provided on the 'Your Financial Analysis' pages on the
following aspects: expense and liability management, asset allocation, and
emergency planning.

15
Our Assumptions
Income/Expense YoY Growth

Risk/Return Profile of Asset Classes Lifestage Age Range Income Growth

Asset Classes Examples Returns % Risk Level Building 26-35 15%

Growth 36-45 15%

Direct equity
Equity Equity funds 10% - 15% Sustainability 46-55 10%
International/overseas funds Moderate to High
Pre-Retirement 56-60 -20%

Occupied home Expense Growth: 10%

Real Estate Commercial property 5% - 10%
Land Low to High The timing of life stages varies based on profession, industry trends, career goals, and other factors,
making it unique to each individual.

Rental yielding property

Passive Income REITs 7% - 15%
Assets InvITs Low to High

Interest Rates on Liabilities

Safe Deposits
Debt Debt Funds 4% - 10%
EPF/PPF Very Low to High Liabilities Interest Rates

Housing Loan 8% - 12%

Gold
Alternative Digital assets 8% - 30% Auto Loan 8% - 12%
Investments Art and Collectibles Low to Very High
Personal Loan 11% - 15%

Education Loan 8% - 12%

16
Bureau Report Summary
Credit Score Analysis

Your Credit Score Our Evaluation Comments

Well Done. You have an excellent credit score which shows you will be regarded as a responsible credit
780 Excellent
seeker.

Credit Facilities Taken

Type of Facility Total Records Active Accounts Closed Accounts Accounts with Negative History

Auto Loan 0 0 0 0

Credit Card 0 0 0 0

Education Loan 0 0 0 0

Gold Loan 0 0 0 0

Housing Loan 0 0 0 0

Other Loan 0 0 0 0

Personal Loan 2 2 0 0

Total 2 2 0 0
17
Liability Management
Affordability Check
Current Liability Distribution Suggested Range
Liability Type
Outstanding EMI Loan Size EMI

Bad ₹ 13.0L ₹ 30.0K ₹ 0.0L to ₹ 23.3K ₹ 0.0K to ₹ 0.5K

Good ₹ 0.0L ₹ 0.0K ₹ 1.5L to ₹ 3.8L ₹ 1.4K to ₹ 3.5K

Total ₹ 13.0L ₹ 30.0K ₹ 1.5L to ₹ 4.0L ₹ 1.4K to ₹ 4.0K

Consider bringing down your liabilities and EMI to our suggested range.
Your EMI Burden Ratio (EMI by gross monthly income) is very high at 30%.

Disclaimer: Numbers may not add up due to rounding.

18
Life Insurance Policy Evaluation (Excluding Term Insurance)
Policy Details Policy Evaluation

Premium
Policy Annual Life Premium
Policy Name Plan Type Start Date paid till date Suggested Action
Tenure Premium* Cover Payable
amount

BAJAJ GOAL ASSURE 2 ULIPS 01-Mar-24 20 yrs ₹ 60.0K ₹ 6.0L ₹ 60.0K ₹ 5.4L Continue till lock-in period

Total ₹ 60.0K ₹ 6.0L ₹ 60.0K ₹ 5.4L

* All premium amounts are converted to annual figures based on the frequency of premium payments (quarterly, semi-annual, etc.)
** Surrender value is an estimate derived from the general surrender value factor applied to insurance policies in case of surrender. The total surrender value excludes ULIPs and Annuities.

Comments
1. For policies where, "Continue till lock-in period" is suggested:

ULIPS:
Continue the policy until the end of the lock-in period, as early surrender will move your funds to the discontinuance fund, the
life cover will cease and the fund management charges will still be levied. Post-lock-in period, you will receive the policy's fund
value upon surrendering.

Disclaimer: Numbers may not add up due to rounding. 19

Life Insurance Policy Evaluation (Excluding Term Insurance)
By separating your insurance and investment needs, you can increase your life coverage significantly (with term insurance) and
earn better returns on your investments (with instruments like mutual funds).

Refer to our “Financial Products Featured List” section for high-quality term insurance and mutual fund options.

Recommendation Summary
Cover Annual Premium

Existing Plan (s) ₹ 6.0L ₹ 60.0K

Recommended (Term Insurance) ₹ 1.6Cr 1

~ ₹ 21.1K 2

Net Savings ~ ₹ 38.9K 3

1
Estimated based on your need-based analysis, considering the identified mortality protection gap.
2
Estimated using your age, gender, the above cover, and coverage until the age of 65 years, for an affordable policy. The exact premium may vary depending on other factors like policy tenure, cover amount, life insurer, etc.
3
Net savings in premiums can be reinvested in high-quality instruments.

20
Mutual Fund Holdings Evaluation
Fund Evaluation Excess Annual
Scheme Name Plan Category Scheme Type Current Value
Score* Quality Commission**

ICICI Prudential Value Discovery Direct Value Fund

Direct Equity Value Fund ₹ 12.0K 98 High ₹ 0.0K
Fund

Motilal Oswal Midcap Fund Direct Equity Mid Cap Fund ₹ 11.8K 95 High ₹ 0.0K

Kotak ELSS Tax Saver Fund Direct Equity Linked

Kotak ELSS Tax Saver Fund Direct Equity ₹ 74.2K 76 High ₹ 0.0K
Savings Scheme

HDFC Defence Fund Direct Equity Thematic Fund ₹ 2.7K - - ₹ 0.0K

Bandhan ELSS Tax Saver Fund Direct Equity Linked

Bandhan ELSS Tax Saver Fund Direct Equity ₹ 73.2K 87 High ₹ 0.0K
Savings Scheme

SBI Long Term Equity Fund Direct Equity Linked

SBI Long Term Equity Fund Direct Equity ₹ 51.7K 65 Medium ₹ 0.0K
Savings Scheme

Aditya Birla Sun Life PSU Equity Direct Thematic Fund

Direct Equity Thematic Fund ₹ 11.4K 51 Medium ₹ 0.0K
Fund

Mirae Asset ELSS Tax Saver Fund Direct Equity Linked

Savings Scheme

Disclaimer: Numbers may not add up due to rounding. 21

Mutual Fund Holdings Evaluation
Fund Evaluation Excess Annual
Scheme Name Plan Category Scheme Type Current Value
Score* Quality Commission**

Mirae Asset ELSS Tax Saver Fund Direct Equity Linked

Mirae Asset ELSS Tax Saver Fund Direct Equity ₹ 53.3K 92 High ₹ 0.0K
Savings Scheme

Quant Small Cap Fund Direct Equity Small cap Fund ₹ 11.6K 95 High ₹ 0.0K

Quant ELSS Tax Saver Fund Direct Equity Linked

Quant ELSS Tax Saver Fund Direct Equity ₹ 1.2L 91 High ₹ 0.0K
Savings Scheme

Total ₹ 4.2L 84 ₹ 0.0K

*1 Finance score ranges from 0-100. The table above displays scores of the Direct-Growth plans of the respective schemes.
**Excess Annual Expense are estimates derived from the difference between expense ratios of regular and direct plans, and current value.

Comments
100% of your Mutual Fund investments are in Direct plans, which translates to lower expenses and higher returns.
84% of your equity Mutual Funds (by value) are high quality. Consider removing low/medium quality funds from your portfolio. Our
Mutual Fund featured list is available at the end of this report, and an evaluation of all Mutual Funds is available on our Mutual Fund
Scoring and Ranking.
Disclaimer: Numbers may not add up due to rounding. 22
Tax Liability & Potential Savings Financial Year April 2024 - March 2025

Tax Comparison Current After Planning

OPTED RECOMMENDED

Tax Regime
Old New Old New

Deductions ₹ 3,00,000 ₹0 ₹ 3,00,000 ₹0

Taxable Income ₹ 8,50,000 ₹ 11,25,000 ₹ 8,50,000 ₹ 11,25,000

Total Tax Payable ₹ 85,800 ₹ 71,500 ₹ 85,800 ₹ 71,500

Current Payable Tax Recommended Payable Tax Potential Tax Savings

₹ 85,800 ₹ 71,500 ₹ 14,300
23
Recommended Tax Planning
Actions for this year
You have currently opted for old regime. However, considering the suggestions provided in the report, new regime will be beneficial
for you.
Old regime is suggested as after Consuming LTA, HRA, 80C, and 80D, tax liability will be zero.
Business Income is not the part of taxable Income.

24
Credit Card Evaluation

ICICI Platinum Chip Card Category

Travel Earn Reward Points at a rate of 2.0%
Annual fee
Shopping Earn Reward Points at a rate of 2%
Lifetime free
Food and Dining Earn Reward Points at a rate of 2.0%
Best suited for Grocery Earn Reward Points at a rate of 2.0%
None of the expense categories Transportation Zero Reward Points

Rewards convertibility Luxury Zero golf rounds and zero lessons across golf courses

Reward Points conversion rate of 1 RP = ₹ 0.25 Entertainment Earn Reward Points at a rate of 2.0%

Complimentary Airport Lounge Access (Per year at participating lounges)

Rewards Points Redemption Domestic Zero airport lounge access

Flights ₹ 0.00 Cashback ₹ 0.25 International Zero airport lounge access

Vouchers ₹ 0.00 Air Miles 0.00

Product Purchase / ₹ 0.00 Hotels ₹ 0.00

Shopping

Disclaimer: Evaluation for each category is done by comparing card features with other cards in similar annual fees range.
25
Credit Card Evaluation

SBI BPCL Card Category

Travel Earn Reward Points at a rate of 1.0%
Annual fee
Shopping Earn Reward Points at a rate of 1.0% (5x on departmental Stores)
₹499 + GST
Food and Dining Earn Reward Points at a rate of 1.0% (5x on dining spends)
Best suited for Grocery Earn Reward Points at a rate of 1.0% (5x on grocery spends)
Grocery, Transportation Transportation Earn Reward Points at a rate of 1.0% (13x on at any BPCL petrol pump across the country)

Rewards convertibility Luxury Zero golf rounds and zero lessons across golf courses

Reward Points conversion rate of 1 RP = ₹ 0.25 Entertainment Earn Reward Points at a rate of 1.0% (5x on Movie tickets)

Complimentary Airport Lounge Access (Per year at participating lounges)

Rewards Points Redemption Domestic Zero airport lounge access

Flights ₹ 0.00 Cashback ₹ 0.25 International Zero airport lounge access

Vouchers ₹ 0.00 Air Miles 0.00

Product Purchase / ₹ 0.00 Hotels ₹ 0.00

Shopping

Disclaimer: Evaluation for each category is done by comparing card features with other cards in similar annual fees range.
26
Term Insurance Plans Financial Products Featured List

Slightly less expensive than other competing products

Max Life
Option to exit the plan while it is still active and receive premium refunds
Max Life Smart Secure Plus
Terminal illness coverage at no cost

Coverage of 64 Critical illness, which is a separate cover in addition to base cover amount

Less options to customise claim payouts

Claim Settlement Ratio (CSR) of 99%

TATA-AIA Life
Rewards for healthy choices with an inbuilt wellness program
Sampoorna Raksha Supreme Vitality Protect
Free annual health check-up every year

Value-added services include 4 medical teleconsultations per month

In-built terminal illness benefit

Option to increase coverage at key life stages - marriage and childbirth

Less options to customise claim payouts

Claim Settlement Ratio (CSR) of 99%

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 27
Term Insurance Plans Financial Products Featured List

Claim Settlement Ratio (CSR) of 99%

HDFC Life
Option to increase coverage at key life stages - marriage and childbirth
HDFC Life Click 2 Protect Super
Option to exit the plan while it is still active and receive premium refunds

Acceleration of death benefit upon diagnosis of terminal illnesses up to age 80

Availability of 'Waiver of Premium' rider on diagnosis of critical illness, and total and
permanent disability

Option to choose additional cover for spouse

Expensive than other competing products

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 28

Health Insurance Plans Financial Products Featured List

No room rent sublimits

Manipal Cigna
No Claim Bonus (NCB) up to 200% of the base sum insured, irrespective of the claims
ProHealth Prime Protect
Sum insured can be recharged up to the cover amount for related diseases

No co-pay in the policy

Rewards for healthy behaviour are available

8,500 Cashless Network Hospitals

No room rent sublimits

Niva Bupa Health
No Claim Bonus (NCB) benefit over time is up to 100%
Health ReAssure
Sum insured can be recharged up to the cover amount for related diseases

No co-pay in the policy

Rewards for healthy behaviour are available

10,000 cashless network hospitals

Pre-existing diseases are covered after 3 years

Disclaimer: The above featured

No room
listrent
is based
sublimits
on 1 Finance's proprietary research. 29
Health Insurance Plans Financial Products Featured List

No room rent sublimits

Care Health
No Claim Bonus (NCB) benefit over time is up to 200% for every “claim-free” year,
Care Plus
reduced by 50% if claim amount exceeds ₹75,000

Recharge of sum insured upto the cover amount is available for an unlimited number of
times for unrelated diseases

No co-pay in the policy

Rewards for healthy behaviour are available

22,900 cashless network hospitals

Pre-existing diseases are covered after 3 years

No room rent sublimits

No Claim Bonus (NCB) benefit can be up to 100% over time

No co-pay in the policy

Rewards for healthy behaviour are available

11,000 cashless network hospitals

Sum insured can be recharged once per policy year up to the cover amount

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 30

Pre-existing diseases are covered after 3 years
Health Insurance Plans Financial Products Featured List

No room rent sublimits

Aditya Birla Health
No Claim Bonus (NCB) benefit can be up to 100% over time
Activ Health Platinum Enhanced
No co-pay in the policy

Rewards for healthy behaviour are available

11,000 cashless network hospitals

Sum insured can be recharged once per policy year up to the cover amount

Pre-existing diseases are covered after 3 years

No Claim Bonus (NCB) benefit over time is up to 100% of the base sum insured in a policy
SBI General year, with an optional cover offering an increase of up to 200%
Aarogya Supreme Plus-Gold
No Co-pay in the policy

Annual health check-ups available from the first renewal year

23,000 cashless network hospitals

Pre-existing diseases are covered after 4 years

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 31

Equity Mutual Funds - Large Cap Index Financial Products Featured List

Accurate tracking of performance of underlying benchmark index with minimal deviation

HDFC Index Fund-S&P BSE Low expense ratio of 0.20% as compared with category average of 0.23%
Sensex Large AUM of ₹ 6,620 cr.

Accurate tracking of performance of underlying benchmark index with minimal deviation

SBI Nifty Index Fund Low expense ratio of 0.18% as compared with category average of 0.23%

Large AUM of ₹ 6,850 cr

Accurate tracking of performance of underlying benchmark index with minimal deviation

HDFC Index Fund-NIFTY 50 Plan Low expense ratio of 0.20% as compared with category average of 0.23%

Large AUM of ₹ 12,764 cr

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 32

Equity Mutual Funds - Flexicap fund Financial Products Featured List

Consistency in delivering high risk-adjusted returns by actively managing funds between

Parag Parekh Flexi Cap Fund largecap, midcap, and smallcap

Strong ability to outperform benchmark returns

Low expense ratio of 0.57% versus category average of 0.75%

Consistency in delivering high risk-adjusted returns by actively managing funds between

Kotak Flexicap Fund largecap, midcap and small cap

Low expense ratio of 0.63% versus category average of 0.75%

Consistency in delivering high risk-adjusted returns by actively managing funds between

Franklin India Flexi Cap Fund largecap, midcap and small cap

High expense ratio of 1.03% versus category average of 0.75%

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 33

Debt Mutual Funds - Liquid Funds Financial Products Featured List

Impressive history of consistency with an annual CAGR of 6.88% since inception

Aditya Birla SL Liquid Fund
Highest YTM of 7.55% in the category as compared to category average of 7.37%
Investment Upto 1 year
horizon Enhances investor security through a diverse portfolio of high-grade bond issues

High expense ratio of 0.21% versus category average of 0.16%

Track record of steady performance, with a CAGR of 6.86% since inception

Nippon India Liquid Fund
Competitive YTM of 7.55% as compared to category average of 7.37%
Investment Upto 1 year
horizon Features a diversified portfolio of high-quality bond issues

Slightly higher expense ratio of 0.20% versus category average of 0.16%

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 34

Debt Mutual Funds - Short term Financial Products Featured List

Robust performance record, with a CAGR of 8.53% since inception

ICICI Pru Short Term Fund
High YTM of 7.93% compared to category average of 7.66%
Investment 1 to 3 years
horizon Maintains a diverse selection of high-quality bond issues

High expense ratio of 0.40% versus category average of 0.35%

History of consistent performance, with a CAGR of 8.03% since inception

HDFC Short Term Debt Fund
Favourable YTM of 7.84% compared to category average of 7.66%
Investment 1 to 3 years
horizon Boasts a diverse and high-quality bond portfolio

Slightly higher expense ratio of 0.37% versus category average of 0.35%

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 35

Debt Mutual Funds - Dynamic Bond Financial Products Featured List

Solid track record of stable performance, with a CAGR of 9.75% since inception
ICICI Pru All Seasons Bond Fund
High YTM of 7.93% as compared to category average of 7.49%
Investment 3 to 5 years
horizon Versatile and well-diversified portfolio of high-quality bond issues

High expense ratio of 0.56% versus category average of 0.51%

Steady performance over time, with a CAGR of 8.81% since inception

Kotak Dynamic Bond Fund
High YTM of 7.76% compared to category average of 7.49%
Investment 3 to 5 years
horizon Carries a low expense ratio of 0.45% versus category average of 0.51%

Balances risk-reward profile with portfolio of diversified and high-quality bonds

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 36

Hybrid Mutual Funds - Balanced Advantage Financial Products Featured List

Strong performance record, with a CAGR of 13.28% since inception

ICICI Pru Balanced Advantage
Consistency in delivering high risk-adjusted returns by actively managing funds between
Fund equity and debt
Investment 3 to 5 years
horizon
High yield-to-maturity (YTM) on debt portfolio of 7.78% versus category average of 7.50%

Strong ability to outperform benchmark returns

High expense ratio of 0.87% versus category average of 0.69%

Robust performance record, with a CAGR of 16.44% since inception

HDFC Balanced Advantage Fund
Consistency in delivering high risk-adjusted returns by actively managing funds between
Investment 3 to 5 years
equity and debt
horizon
High yield-to-maturity (YTM) on debt portfolio of 7.51% versus category average of 7.50%

High expense ratio of 0.80% versus category average of 0.69%

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 37

Hybrid Mutual Funds - Aggressive Hybrid Financial Products Featured List

Robust performance record, with a CAGR of 18.08% since inception

ICICI Pru Equity & Debt Fund
Consistency in delivering high risk-adjusted returns by actively managing funds between
Investment 3 to 5 years
equity and debt
horizon
High YTM on debt portfolio of 7.79% versus category average of 7.61%

Strong ability to outperform benchmark returns

High expense ratio of 1.07% versus category average of 0.89%

Robust performance record, with a CAGR of 16.44% since inception

Franklin India Equity Hybrid Fund
Consistency in delivering high risk-adjusted returns by actively managing funds between
Investment 3 to 5 years
equity and debt
horizon
Strong ability to outperform benchmark returns

High expense ratio of 1.15% versus category average of 0.89%

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 38

Credit Cards Financial Products Featured List

Comprehensive insurance including air accidental cover (₹ 2 lakhs), credit shield (₹

IDFC
IDFC Power+
Power+ Card
Card 75,000), purchase protection (₹ 25,000)
Best
Best low
low fee
fee fuel
fuel card
card
4 complimentary domestic airport lounge access at participating lounges
₹
₹ 499
499 +
+ GST
GST (fee
(fee waiver
waiver on
on spending
spending ₹
₹ 1.5
1.5 lakhs
lakhs in
in the
Annual fee Accelerated rewards on base rate of 2% on household expenses: groceries (8x);
Annual fee the
preceding
preceding year)
year) transportation (8x on HPCL outlets); utilities (8x)
Age
Age above
above 21
21 years
Eligibility
Eligibility years
Best suited for Grocery, Transportation
Best suited for Grocery, Transportation
Annual fee waiver on spending more than ₹ 1.5 lakhs in the preceding year
0.75-for-1
0.75-for-1 on
on e-commerce
e-commerce vouchers
vouchers (FIRST
(FIRST Rewards Interest rate charge of 42% per annum
Best reward
Best reward Rewards
points (RP) portal)
points (RP) portal)
conversion
conversion Annual fee waiver on spending more than ₹ 1.5 lakhs in the preceding year
rate
rate Interest rate charge of 42% per annum

Accelerated rewards on base rate of 2.67% on household & lifestyle expenses: groceries
HDFC Regalia Gold Card (3x on Flipkart); transportation (5x on Ola cabs); clothing & fashion (5x on Marks &
Best low fee multi-purpose card Spencer, Nykaa and Myntra); entertainment (5x on BookMyShow); technology & electronics
(5x on Reliance Digital); and travel & leisure (5x on flights, 10x on hotels, 3x on IRCTC, 5x
Annual fee ₹ 2,500 + GST (fee waiver on spending ₹ 4 lakhs in on Redbus)
the preceding year)
Comprehensive insurance including air accidental cover (₹ 1 crore), overseas
Eligibility Age of 21-60 years and minimum salary/ITR income of hospitalisation (₹ 15 lakhs) and credit shield (₹ 9 lakhs)
₹ 12 lakhs per annum
12 domestic and 6 international complimentary airport lounge access per year at
Best suited for Grocery, Transportation, Food & Disclaimer: The above featured
Dining, Shopping, list is based
participating on 1 Finance's proprietary research.
lounges 39
Credit Cards Financial Products Featured List

Accelerated rewards on base rate of 2.67% on household & lifestyle expenses: groceries
HDFC
HDFC Regalia
Regalia Gold
Gold Card
Card (3x on Flipkart); transportation (5x on Ola cabs); clothing & fashion (5x on Marks &
Best
Best low
low fee
fee multi-purpose
multi-purpose card
card Spencer, Nykaa and Myntra); entertainment (5x on BookMyShow); technology & electronics
(5x on Reliance Digital); and travel & leisure (5x on flights, 10x on hotels, 3x on IRCTC, 5x
₹
₹ 2,500
2,500 +
+ GST
GST (fee
(fee waiver
waiver on
on spending
spending ₹
₹ 44 lakhs
lakhs in
Annual fee on Redbus)
Annual fee in
the
the preceding
preceding year)
year)
Comprehensive insurance including air accidental cover (₹ 1 crore), overseas
Age
Age of
of 21-60
21-60 years
years and
and minimum
minimum salary/ITR
salary/ITR income
income of
Eligibility
Eligibility of hospitalisation (₹ 15 lakhs) and credit shield (₹ 9 lakhs)
₹
₹ 12
12 lakhs
lakhs per
per annum
annum
12 domestic and 6 international complimentary airport lounge access per year at
Best suited for Grocery, Transportation, Food & Dining, Shopping,
Best suited for Grocery, Transportation, Food & Dining, Shopping, participating lounges
Entertainment,
Entertainment, Travel
Travel
0.65-for-1
0.65-for-1 on
on flight/hotel
flight/hotel bookings
bookings (HDFC
(HDFC SmartBuy
Best reward
Best reward SmartBuy No complementary golf round and lessons
points (RP) portal)
points (RP) portal)
conversion
conversion Annual fee waiver on spending more than ₹4 lakhs in the preceding year
rate
rate
Interest rate charge of 43.8% per annum

Accelerated rewards on base accrual rate of 6% on lifestyle expenses: clothing & fashion
Axis Magnus Card (10x on Pantaloons, 5x on Nyka/Tata CLiQ); technology & electronics (5x on Croma); food
Best premium lifestyle card & dining (40% off on Easydiner and 5x on Swiggy/Zomato); and entertainment (buy one
movie/non-movie ticket and get upto ₹500 off on second ticket on BookMyShow)
Annual fee ₹ 12,500 + GST (fee waiver on spending ₹ 25 lakhs in
Unlimited domestic and international airport lounge access at participating lounges
the preceding year)

Eligibility Age of 18-70 years and minimumDisclaimer:

salary/ITR income of
The above featured
No air list is based
accident onor
cover 1 Finance's
emergency proprietary research.
hospitalisation cover on domestic/international travel 40
₹ 18 lakhs per annum
Credit Cards Financial Products Featured List

Accelerated rewards on base accrual rate of 6% on lifestyle expenses: clothing & fashion
Axis
Axis Magnus
Magnus Card
Card (10x on Pantaloons, 5x on Nyka/Tata CLiQ); technology & electronics (5x on Croma); food
Best
Best premium
premium lifestyle
lifestyle card
card & dining (40% off on Easydiner and 5x on Swiggy/Zomato); and entertainment (buy one
movie/non-movie ticket and get upto ₹500 off on second ticket on BookMyShow)
₹
₹ 12,500
12,500 +
+ GST
GST (fee
(fee waiver
waiver on
on spending
spending ₹
₹ 25
25 lakhs
lakhs in
Annual fee
Annual fee in
the Unlimited domestic and international airport lounge access at participating lounges
the preceding
preceding year)
year)
Age
Age of
of 18-70
18-70 years
years and
and minimum
minimum salary/ITR
salary/ITR income
income of
Eligibility
Eligibility of
₹ No air accident cover or emergency hospitalisation cover on domestic/international travel
₹ 18
18 lakhs
lakhs per
per annum
annum
Best suited for Food & Dining, Shopping, Entertainment, Travel
Best suited for Food & Dining, Shopping, Entertainment, Travel
Interest rate charge of 42.58% per annum
0.4-for-1
0.4-for-1 on
on travel,
travel, dining
dining and
and apparel
apparel vouchers
Best reward
Best reward vouchers
(EDGE
(EDGE Rewards
Rewards portal)
points (RP)
points (RP) portal)
conversion
conversion No air accident cover or emergency hospitalisation cover on domestic/international travel
rate
rate Interest rate charge of 42.58% per annum

Unlimited domestic and international airport lounge access at participating lounges

HDFC Diners Club Black Card
6 complimentary golf games per quarter across domestic/international courses
Best premium multi-purpose card
Accelerated rewards on base rate of 3.3% on household and lifestyle expenses: groceries
Annual fee ₹ 10,000 + GST (fee waiver on spending ₹ 5 lakhs in (3x on Flipkart); food & dining (2x on weekend dining and 3x on Swiggy/Zomato);
the preceding year) entertainment (3x on BookMyShow); clothing & fashion (3x on Amazon, Flipkart,
Pantaloons, Myntra, Tata CLiQ); and travel & leisure (5x on flights, 10x on hotels, 3x on
Eligibility Age of 21-60 years and minimum salary/ITR income of
trains, 5x on buses)
₹ 21 lakhs per annum 41
Disclaimer: The above featured list is based on 1 Finance's proprietary research.
Credit Cards Financial Products Featured List

Unlimited domestic and international airport lounge access at participating lounges

HDFC
HDFC Diners
Diners Club
Club Black
Black Card
Card
Best 6 complimentary golf games per quarter across domestic/international courses
Best premium
premium multi-purpose
multi-purpose card
card
Accelerated rewards on base rate of 3.3% on household and lifestyle expenses: groceries
₹
₹ 10,000
10,000 +
+ GST
GST (fee
(fee waiver
waiver on
on spending
spending ₹
₹55 lakhs
lakhs in
Annual fee (3x on Flipkart); food & dining (2x on weekend dining and 3x on Swiggy/Zomato);
Annual fee in
the
the preceding
preceding year)
year) entertainment (3x on BookMyShow); clothing & fashion (3x on Amazon, Flipkart,
Age Pantaloons, Myntra, Tata CLiQ); and travel & leisure (5x on flights, 10x on hotels, 3x on
Age of
of 21-60
21-60 years
years and
and minimum
minimum salary/ITR
salary/ITR income
income of
Eligibility
Eligibility of
₹ trains, 5x on buses)
₹ 21
21 lakhs
lakhs per
per annum
annum
Best suited for Grocery, Food & Dining, Shopping, Entertainment,
Best suited for Grocery, Food & Dining, Shopping, Entertainment,
Travel,
Travel, Luxury
Luxury
No complimentary golf lessons
1-for-1
1-for-1 on
on flight/hotel
flight/hotel booking
booking (HDFC
(HDFC SmartBuy
SmartBuy portal)
Best reward
Best reward portal)
points (RP)
points (RP)
conversion
conversion
rate
rate No complimentary golf lessons

Unlimited domestic and international airport lounge access at participating lounges

HDFC Infinia Card
Accelerated rewards on base rate of 3.3% on household and lifestyle expenses: groceries
Best premium all-purpose luxury card
(5x on Flipkart); food & dining (5x on Swiggy/Zomato, additional 15% off via Swiggy
Dineout); entertainment (5x on BookMyShow); clothing & fashion (5x on Amazon, Flipkart,
Annual fee ₹ 12,500 + GST (fee waiver on spending ₹ 10 lakhs in
Pantaloons, Myntra, Tata CLiQ); and technology & electronics (5x on Imagine store,
the preceding year)
Amazon, Flipkart)
Eligibility Age of 18-70 years 42
Disclaimer: The above featured list complimentary
Unlimited is based on 1 Finance's proprietary
golf rounds research.
and coaching across India
Credit Cards Financial Products Featured List

Unlimited domestic and international airport lounge access at participating lounges

HDFC
HDFC Infinia
Infinia Card
Card
Best Accelerated rewards on base rate of 3.3% on household and lifestyle expenses: groceries
Best premium
premium all-purpose
all-purpose luxury
luxury card
card
(5x on Flipkart); food & dining (5x on Swiggy/Zomato, additional 15% off via Swiggy
₹ Dineout); entertainment (5x on BookMyShow); clothing & fashion (5x on Amazon, Flipkart,
₹ 12,500
12,500 +
+ GST
GST (fee
(fee waiver
waiver on
on spending
spending ₹
₹ 10
10 lakhs
lakhs in
Annual fee
Annual fee in
the Pantaloons, Myntra, Tata CLiQ); and technology & electronics (5x on Imagine store,
the preceding
preceding year)
year)
Amazon, Flipkart)
Age
Age of
of 18-70
18-70 years
Eligibility
Eligibility years
Unlimited complimentary golf rounds and coaching across India
Best suited for Grocery, Food & Dining, Shopping, Entertainment,
Best suited for Grocery, Food & Dining, Shopping, Entertainment,
Travel,
Travel, Luxury
Luxury
Invite-only credit card
1-for-1
1-for-1 on
on flight/hotel
flight/hotel bookings
bookings (HDFC
(HDFC SmartBuy
Best reward
Best reward SmartBuy
points (RP) portal) No travel insurance cover
points (RP) portal)
conversion
conversion Invite-only credit card
rate
rate No travel insurance cover

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 43

Housing Lenders Financial Products Featured List

Simplifies the borrowing journey by providing a clear and broad list of documents
SBI
SBI Bank
Bank
Best Provides clear and competitive interest rates along with transparent processing fees
Best Overall
Overall Lender
Lender
disclosures, promoting informed decision-making
9.15%
9.15% -- 10.05%
Interest Rate Enjoys a strong reputation among real estate builders and has a well-established physical
Interest Rate 10.05%
0.35% presence, expanding home-buying options for borrowers
0.35% of
of loan
loan amount
amount (min
(min ₹
₹ 2,000
2,000 &
& max
max ₹
₹ 10,000)
Processing
Processing 10,000)
+
+ GST
Fees
Fees GST
Grievance
Grievance
Moderately
Moderately effective
effective
Experiences delays in resolving customer grievances, indicating a need for improved
Redressal
Redressal
service speed
Experiences delays in resolving customer grievances, indicating a need for improved
Process
Process service speed

Facilitates a streamlined loan application process with a wide range of accepted documents
ICICI Bank
Provides easy-to-understand interest rates and clear processing fee details online,
Best Customer Service
promoting transparency

Interest Rate 9.25% - 10.05% Prioritises customer needs with an efficient online complaint system and emphasis on A3
grievance resolution
Processing 0.50% - 2.00% of loan amount (min ₹ 3,000) + GST
Fees

Grievance User-friendly
Redressal
Process

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 44

Housing Lenders Financial Products Featured List

Facilitates a streamlined loan application process with a wide range of accepted documents
ICICI
ICICI Bank
Bank
Best Provides easy-to-understand interest rates and clear processing fee details online,
Best Customer
Customer Service
Service
promoting transparency
9.25%
9.25% -- 10.05%
Interest Rate Prioritises customer needs with an efficient online complaint system and emphasis on A3
Interest Rate 10.05%
0.50% grievance resolution
0.50% -- 2.00%
2.00% of
of loan
loan amount
amount (min
(min ₹
₹ 3,000)
3,000) +
+ GST
Processing
Processing GST
Fees
Fees
Grievance User-friendly
Grievance User-friendly
Redressal
Redressal
Process
Process

Accepts a wide variety of personal documents, potentially simplifying the application

HDFC Bank process
Best Interest Rate
Clearly displays interest rates and processing fees based on employment status on the
website, avoiding hidden charges
Interest Rate 8.70% - 9.30%
Offers potential for fee waivers or interest rate reductions for borrowers with good credit
Processing Upto 0.50% of loan amount (min ₹ 3,000) + GST
profiles
Fees

Grievance Moderately effective

Redressal
Process

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 45

Housing Lenders Financial Products Featured List

Accepts a wide variety of personal documents, potentially simplifying the application

HDFC
HDFC Bank
Bank process
Best
Best Interest
Interest Rate
Rate
Clearly displays interest rates and processing fees based on employment status on the
8.70% website, avoiding hidden charges
8.70% -- 9.30%
Interest Rate
Interest Rate 9.30%
Upto Offers potential for fee waivers or interest rate reductions for borrowers with good credit
Upto 0.50%
0.50% of
of loan
loan amount
amount (min
(min ₹
₹ 3,000)
3,000) +
+ GST
Processing
Processing GST
Fees profiles
Fees
Moderately
Moderately effective
Grievance
Grievance effective
Redressal
Redressal
Process
Process

Offers highly competitive interest rates and some of the lowest processing fees among
LIC Housing housing lenders
Lowest Processing Fees
Clearly displays interest rates on the website, based on factors like loan amount, credit
score, and employment status
Interest Rate 8.40% - 10.00%
Provides loans for purchasing plots of land, expanding the possibilities for borrowers
Processing 0.25% of loan amount (max ₹ 15,000) + GST
Fees

Grievance Poorly structured

Has a poorly designed grievance redressal process, likely leading to slow resolutions and
Redressal
customer dissatisfaction
Process Lack of presence in Tier II and Tier III cities/towns may restrict accessibility for some
borrowers
Disclaimer: The above featured list is based on 1 Finance's proprietary research. 46
Housing Lenders Financial Products Featured List

Offers highly competitive interest rates and some of the lowest processing fees among
LIC
LIC Housing
Housing housing lenders
Lowest
Lowest Processing
Processing Fees
Fees
Clearly displays interest rates on the website, based on factors like loan amount, credit
8.40% score, and employment status
8.40% -- 10.00%
Interest Rate
Interest Rate 10.00%
0.25% Provides loans for purchasing plots of land, expanding the possibilities for borrowers
0.25% of
of loan
loan amount
amount (max
(max ₹
₹ 15,000)
15,000) +
+ GST
Processing
Processing GST
Fees
Fees
Grievance
Grievance
Poorly
Poorly structured
structured
Has a poorly designed grievance redressal process, likely leading to slow resolutions and
Redressal
Redressal
customer dissatisfaction
Process
Process Lack of presence in Tier II and Tier III cities/towns may restrict accessibility for some
borrowers

Disclaimer: The above featured list is based on 1 Finance's proprietary research. 47

Building a Strong Credit Profile
A strong credit profile is critical for financial stability and securing credit. Cultivating good financial habits can help
you achieve a healthy credit profile. Here are some valuable tips to consider:

Make timely payments - Consistently paying your bills on time demonstrates your creditworthiness and protects you
from unnecessary fees.

Keep a credit card in use - Using a credit card responsibly can positively impact your credit score, but it is important to
pay off the entire balance on time to avoid accruing debt.

Apply for credit mindfully - While having a healthy mix of credit lines can boost your creditworthiness, avoid applying
for credit unnecessarily or having multiple rejections, which can negatively impact your credit profile.

Always close accounts - Make timely repayments, request the return of any hypothecated documents, and verify that
closure letters are updated with credit bureaus.

Maintain aged accounts - Keep your oldest accounts open, as they can help build a longer credit history and improve
your credit profile. Use your available credit lines wisely and pay them off in a timely manner.

Communicate with your lender - If you face any financial difficulties, be open and honest with your lender, and seek
help when needed. Most lenders are willing to listen and provide assistance if you can demonstrate the legitimacy of
your situation.

48
Planning Your Income Taxes
Tax planning is a crucial aspect of personal finance that cannot be overlooked. It can help you maximize your returns
and minimize your tax liability. Here are some best practices that you should consider:

Start tax planning early - Start at the beginning of the financial year instead of waiting till the last minute.

Utilize tax-saving investments - Invest in tax-saving instruments to reduce your tax liability. Refer to the 'Available
Tax Deductions' table on the following pages.

Claim all available tax deductions - Make sure to claim all possible deductions under different sections of the Income
Tax Act to reduce your tax liability. Refer to the 'Available Tax Deductions' table on the following pages.

Review your salary structure - Optimize your salary structure to reduce your tax liability by including components such
as House Rent Allowance (HRA), Leave Travel Allowance (LTA), and medical reimbursements.

File your taxes on time - Ensure that you file your tax returns on time to avoid penalties and interest charges.

49
Available Tax Deductions (as per Old Tax Regime)

Section Income Tax Deduction on Allowed Limit Applicable For

80C Investment in PPF, National Saving Certificate (NSC), Sukanya Samriddhi ₹ 1.5L Individuals and HUFs
Yojana (SSY), ULIP, ELSS, 5-year tax-saving FD, Senior Citizen Savings Scheme (aggregate of sections
(SCSS), infrastructure bonds 80CCD, 80CCC, 80C)
Employee’s share of PF contribution
Life Insurance premium payment
Children’s Tuition Fee
Principal repayment of home loan
Stamp duty and registration charges for purchase of property.

80CCC For LIC or other insurer pension annuity plan deposits from Section 10 funds ₹ 1.5L Individuals
(23AAB) (aggregate of sections
80CCD, 80CCC, 80C)

80CCD(1) Employee contribution under section 80CCD(1) towards National Pension Scheme ₹ 1.5L Individuals
(NPS) account or the Atal Pension Yojana (APY) account. Maximum deduction is (aggregate of sections
the lesser of: 80CCD, 80CCC, 80C)
10% of salary (for employees)
20% of gross total income (for self-employed)

50
Available Tax Deductions (as per Old Tax Regime)

Section Income Tax Deduction on Allowed Limit Applicable For

80CCD (2) Employer contribution to NPS account Maximum up to: Individuals

14% of basic salary
(Max ₹ 7.5L per year)

80CCD(1B) Additional contribution to NPS ₹ 50K Individuals

80CCH Contribution to Agniveer corpus fund (applicable from Nov 2022) No limit Individuals enrolled in
Agneepath scheme

80D Medical Insurance – self, spouse, children ₹ 25K Individuals and HUFs
Medical Insurance – parents ₹ 25K (parents <60
years) & ₹ 50K (parents
>=60 years)

80DD Medical treatment for handicapped dependents or payment to specified scheme ₹ 75K individuals and HUFs
for maintenance of handicapped dependent. ₹ 1.25L who have a
Disability is 40% or more but less than 80% handicapped dependent
Disability is 80% or more

51
Available Tax Deductions (as per Old Tax Regime)

Section Income Tax Deduction on Allowed Limit Applicable For

80DDB Medical expenditure on self or dependent relative for diseases specified in rule 11DD: Lower of ₹ 40K or Individuals and HUFs
For less than 60 years old amount actually paid
For more than 60 years old Lower of ₹ 1L or amount
actually paid

80E Interest on education loan Interest paid for a period of Individuals

8 years

80EE Interest on home loan for first-time homeowners, available for loans ₹ 50K Individuals
sanctioned between 01-Apr-2016 and 31-Mar-2017

80EEA Interest on home loan (over and above Rs. 2,00,000 deduction under 24B, ₹ 1.5L Individuals
allowing taxpayers to deduct total of Rs. 3,50,000 for interest on home loan)
for loans sanctioned between 01-Apr-2019 and 31-Mar-2022

80EEB Interest on loan taken between 01-Apr-2019 and 31-Mar-2023 for purchase of ₹ 1.5L Individuals
electric vehicle

80G Contributions to certain relief funds and charitable institutions 50% or 100% of the donation Individuals, HUFs,
amount can be claimed. companies

52
Available Tax Deductions (as per Old Tax Regime)

Section Income Tax Deduction on Allowed Limit Applicable For

80GG For rent paid when HRA is not received from an employer Least of: Individuals not receiving
Rent paid minus 10% of HRA
total income
₹ 5K per month
25% of total income

80GGA Donation for scientific, social science, research, or rural development to No limit All individuals except
specific universities, colleges or research association those having Income from
business and profession

80GGC Contribution by individuals to political parties Amount contributed (not Individuals

allowed if paid in cash)

80RRB Royalty on patents ₹ 3L Resident individual who

is a patentee

80TTA (1) Interest income from savings account ₹ 10K Individuals and HUFs
(except senior citizens)

80TTB Exemption of interest from banks, post offices, etc. Maximum up to ₹ 50K Senior citizens (above
60 years)

53
Available Tax Deductions (as per Old Tax Regime)

Section Income Tax Deduction on Allowed Limit Allowed Limit

80U Individual suffering from physical disability (including blindness) or mental ₹ 75K Individuals with
retardation ₹ 1.25L disabilities
Individual suffering from severe disability

24B Tax exemption on interest paid on home loan ₹ 2L Individuals

10(13A) House Rent Allowance (HRA) Least of: Individual receiving HRA
Actual HRA received from employer
40%/50% of Basic+DA for
non-metro/ metro city
Actual rent paid minus 10%
of Basic+DA

10(5) Leave Travel Allowance (LTA) Only for self/family's Individual receiving LTA
domestic travel by train from employer
(max upto 1st class AC
Fare by shortest route) or
flight (max upto economy
class fare)
Allowed 2 times in 4 years

54
Capital Gains Taxation by Asset Type
Equity
Long-term Capital Gains (LTCG) Short-term Capital Gains (STCG)
Asset Type
Holding Period Tax Rate Holding Period Tax Rate

Listed > 1 year 12.5% on LTCG > ₹ 1.25 lakh/year < 1 year 20%
Domestic shares
Unlisted > 2 years 12.5% < 2 years As per income tax slab

Equity mutual funds > 1 year 12.5% on LTCG > ₹ 1.25 lakh/year < 1 year 20%

Foreign shares > 2 years 12.5% < 2 years As per income tax slab

Real Estate
Long-term Capital Gains (LTCG) Short-term Capital Gains (STCG)
Asset Type
Holding Period Tax Rate Holding Period Tax Rate

Residential/commercial > 2 years 12.5% < 2 years As per income tax slab

Capital gains tax exemptions under the Income Tax Act:

1. Section 112A (Grandfather provision): Exempts LTCG tax on equity shares/units bought before 31st January 2018, adjusting the cost to the values as of 1st February 2018.
2. Section 54: Allows tax exemption on LTCG from the sale of a house, provided capital gains are reinvested in a new residential property.
3. Section 54EC: Offers tax exemption on gains when proceeds from housing property sales are reinvested in specific bonds issued by NHAI or REC.
4. Section 54F: Grants tax exemption on gains from the sale of long-term capital assets other than house property, when sales proceeds are reinvested in a new residential property.
55
Capital Gains Taxation by Asset Type
Debt
Long-term Capital Gains (LTCG) Short-term Capital Gains (STCG)
Asset Type
Holding Period Tax Rate Holding Period Tax Rate

Debt mutual funds Any As per income tax slab Any As per income tax slab

Listed/Zero coupon bonds > 1 year 12.5% < 1 year 20%

Unlisted bonds > 2 years As per income tax slab < 2 years As per income tax slab

Passive Income Assets

Long-term Capital Gains (LTCG) Short-term Capital Gains (STCG)
Asset Type
Holding Period Tax Rate Holding Period Tax Rate

REITs/InvITs > 1 year 12.5% on LTCG > ₹ 1.25 lakh/year < 1 year 20%

56
Capital Gains Taxation by Asset Type
Others
Long-term Capital Gains (LTCG) Short-term Capital Gains (STCG)
Asset Type
Holding Period Tax Rate Holding Period Tax Rate

Purchased before
> 2 years 12.5% without indexation < 2 years As per income tax slab
Hybrid mutual 1st April, 2023
funds (<35%
equity)/Market- Purchased on or
Linked Debentures after 1st April, Any As per income tax slab Any As per income tax slab
2023

Hybrid mutual funds (35% - 65% equity) > 2 years 12.5% without indexation < 2 years As per income tax slab

Collectibles/Antiques > 2 years 12.5% without indexation < 2 years As per income tax slab

Cryptos/NFTs Any 30% for all holding periods Any 30% for all holding periods

57
Capital Gains Taxation by Asset Type
Others
Long-term Capital Gains (LTCG) Short-term Capital Gains (STCG)
Asset Type
Holding Period Tax Rate Holding Period Tax Rate

Held till Maturity Any Exempt Any Exempt

Sovereign Gold
Bonds Sold in secondary
> 1 year 12.5% without indexation < 1 year As per income tax slab
market

Listed > 1 year 12.5% without indexation < 1 year As per income tax slab
Non-Convertible
Debentures
Unlisted Any As per income tax slab Any As per income tax slab

58
Planning For Inheritance
Inheritance planning is your proactive roadmap, preparing you today for the sensitive journey of inheriting wealth in the future. It's
about equipping yourself from now itself with the knowledge to manage future responsibilities wisely, fostering financial stability and
peace of mind, all while maintaining family harmony and strengthening ties. Here's what to keep in mind:

In India, wealth can be inherited in four primary ways: via a will, succession laws, gifting, or through a trust.

While a will and succession laws come into play after the owner's death, gifts can be given during their lifetime.

Trusts involve a legal entity managing wealth for beneficiaries, often requiring specialized legal advice.

Always retain documents and records of the assets purchased by the previous generation.

For real estate purchased before 1st April 2001, obtain a valuation certificate from a registered property valuer for fair market
value as of 1st April 2001.

59
Understanding Inheritance’s Tax Implications
Although inheritance may not have any immediate tax consequences in India, it is critical to understand the scenarios that can
trigger tax liabilities. Here are some essential details:

There’s no inheritance tax in India. However, capital gains tax is applicable when selling inherited assets.

While calculating capital gains, cost will be the price paid by the previous owner at the time of purchase. Refer to the ‘Capital Gains
Taxation by Asset Type’ table for more details.

If filing ITR 3, disclosing the inherited assets is advisable.

If the deceased earned during any part of the financial year in which they passed away, their ITR should be filed.

60
Planning Your Estate and Will
Creating a will is essential for individuals who wish to distribute their assets as per their preference after their demise.
In India, legal heirs differ based on religious identity, and it is crucial to understand the legalities involved in estate
and will planning. Here are some key points to keep in mind:

Any adult over the age of 18 with sound mind can create a will that outlines the distribution of assets.

Legal heirs differ based on religious identity, with Hindus following the Hindu Succession Act of 1956, Muslims
following the Muslim Personal Law, and other Indians following the Indian Succession Act of 1925.

Nominees are caretakers and not owners of the assets, and the assets will later be distributed to legal heirs.

Joint accounts are considered as equal ownership between individuals, so the survivor does not become the owner.
Half the wealth is distributed to legal heirs or according to the will.

It is not mandatory for a will to be stamped, typed, or registered, and it only requires the individual's signature
along with two other witnesses.

61
Disclaimer
The Disclaimer page should be read in conjunction with this report.

This report is based on the data and presumptions supplied by you (client/ user/ member).

This report is designed to assess your present financial condition and recommend planning ideas and concepts that may be beneficial. This report aims to demonstrate
how well-established financial planning principles can enhance your existing financial situation. This report does not imply a recommendation of any specific method, but
rather offers broad, general advice on the benefits of a few financial planning principles.

The reports give estimates based on multiple hypotheses; thus they are purely speculative and do not represent assurances of investment returns. Before making any
financial decisions or adopting any transactions or plans, you should speak with your tax and/or legal counsel and solely decide on the execution and implementation.
1 Finance Private Limited or any of its representatives will not be liable or responsible for any losses or damages incurred by the client/user/member as a result of this
report.

Prices mentioned in this report may have come from sources we believe to be dependable, but they are not guaranteed. It’s crucial to understand that past
performance does not guarantee future outcomes and that actual results may vary from the forecasts in this report.

Unless changes to your financial or personal situation necessitate a more frequent review, we advise that you evaluate your plan once a quarter. Please be aware that
some discrepancies could occur due to different calculation methods.

Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of
BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of
returns to investors.

SEBI RIA Registration No : INA000017523 Validity of Registration : December 22, 2022-Perpetual

BASL Registration No : 1936 Type of Registration : Non-Individual
62
 1 Finance Private Limited
Office Address
Unit No. 1101 & 1102, 11th Floor, B - Wing,
Lotus Corporate Park, Goregaon (E), Mumbai-400063,
care@[Link] [Link]

Corresponding SEBI Local Office Address

Securities and Exchange Board of India, SEBI Bhavan II, Plot No: C7, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051

Principal Officer Compliance and Grievance Officer esigned by

Mr. Akhil Rathi Mr. Pradhumna Didwania Akhil Rathi
Email id : po@[Link] Email id : 1 FINANCE PRIVATE LIMITED
Contact No : +91 22 69120000 compliance@[Link] Date : Wed Aug 14 [Link] IST 2024
Contact No : +91 22 69121150
63