Ideally, one should opt for a 5 to to 10- year period in an MF scheme or exit when the goal is reached.
'Debt mutual funds are a good option now because interest rates are coming down.' 'Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'
When submitting house rent allowance receipts, claiming that you pay rent to a close relative like parents, siblings or spouse, ensure that you have supporting documents to substantiate it.
Chirag Gupta, who trades in futures & options, had made a profit of Rs 6 lakh, but...
If you are travelling internationally in the next two months, it's a good time to exchange your currency.
Do you know you can invest in funds to donate money for a good cause?
The Supreme Court has introduced the Middle Income Group Legal Aid Society, where the lawyer's fees are capped. But there are certain conditions, reports Tinesh Bhasin.
If you quit or change jobs in your 40s, buying an individual term plan will be expensive. You might not even get one if you have health problems, says Priya Nair
The difference between Cibil and other marketplaces is that in the case of the latter the credit report is accessed after the customer clicks the loan offer, while in the case of Cibil the customer first checks the credit score and then applies for the loan.
Lenders now use your phone data, utility bill payment records and other non-traditional parameters to determine if you are creditworthy.
Given that some reputed builders are also present in this segment and the cheap rates, does affordable housing make a good investment option?
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
Open loop pre-paid cards come with a two-factor authentication. One for ATMs and PoS transactions, and the other for online transactions
At face value of Rs 2,893 and interest payout of 2.5 per cent, sovereign gold bonds offer best route to invest in yellow metal, says Tinesh Bhasin
In the Budget, the government has banned cash transactions above Rs 300,000. This means that people will have to pay stamp duty and registration charges on the actual cost of transaction.
Balanced funds are suitable for investors who have low-risk appetite or are new to equities.Those with more than seven-year investment horizon should look at funds that have higher equity exposure.
In January 2017, the growth in total premium was Rs 13,138 crore, against Rs 10,284 crore in January 2016, a growth of 28 per cent.
Staying healthy is good news for the insurance company as well since it implies lower claims. Insurance companies offer discounts anywhere between 8 And 30 per cent discount on premium.
With big data analyses, your investments, spends and big purchases are being tracked more closely now by the income tax department.