Improved credit profile may make you eligible to transfer your existing home loan to another lender at a much lower rate.
A person who has cancer and doesn't have any health insurance will find it difficult to buy a regular hospitalisation cover. An indemnity-based cancer plan may cover them.
Silver, which is currently trading at Rs 68,453 per kilogram, has appreciated 21.7 per cent over the past three months. Investors, however, shouldn't get carried away by its recent performance and put their money in it. Instead, they should evaluate its pros and cons and then take a considered decision based on their risk appetite.
Make sure that the person you are buying the plot from is the rightful owner.
Rebalance the portfolio at least once a year to ensure it remains in sync with the target asset allocation.
Don't exit from growth-style funds as they may benefit next from a shift in investor preference.
Many investors want to exit equities now and re-enter when they begin to rise. Such timing is difficult to pull off.
'Comparing the rates of interest with PSU banks, the three- and five-year time deposit rates of the post office are more favourable.'
Besides high portfolio yield, investors may enjoy capital gains in debt funds in 2023 as bonds rally in anticipation of rate cuts.
End users should take the plunge despite higher home loan rates as these tend to be cyclical.
Make sure buying a house won't lead to compromises on other crucial financial goals.
Given the prevailing uncertainties, investors must maintain a 10-15 per cent allocation to gold in 2023.
'AI can be very useful for making analysis and especially making city-based local forecasts.'
The rupee depreciation will work in favour of students who are currently studying in the US and plan to secure a job that pays in dollars.
Despite its recent underperformance, gold must be a part of your portfolio.
Many retail investors, who are experiencing their first bear market, are shocked at the erosion in the value of their mutual fund (MF) portfolios. The pain is especially acute for those who had taken excessive exposure to sector/thematic and small-cap funds. Even international diversification has failed to stanch the bleed in this downturn.
If you pledge market-linked instruments and their value plummets, you will have to provide additional collateral, points out Sanjay Kumar Singh.
'A policy that covers a wider range of diseases will offer greater peace of mind.'
Having exposure to international funds and gold is a must for those who have foreign currency-denominated goals.
Gold loan is currently the fastest-growing loan category (among the various types disbursed to individuals). On February 26, 2021, the outstanding loan against gold jewellery stood at Rs 56,596 crore. By February 25, 2022, it had risen to Rs 71,408 crore, a year-on-year growth of 26.2 per cent, according to the Reserve Bank of India's (RBI's) data. Several factors are driving the demand for gold loans.
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