'Stopping now would defeat the core purpose of an SIP, which is to average out the purchase cost over market cycles.'
Make sure the rider adds value rather than just adding to cost.
'Reviewing terms such as war, invasion, acts of foreign enemies or hostilities, which often appear in industry exclusion lists, can help avoid surprises at the time of claim.'
Younger customers should opt for increasing cover as their financial commitments are likely to rise in the future.
Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN.
Algo trading should be segregated in a separate account with only risk capital deployed.
Passive funds appeal to investors seeking to avoid the risk of underperformance by the fund manager and minimise the need for frequent chopping and changing of funds.
Young earners with high incomes and few responsibilities can save more than 30 per cent, while those with low salaries and high expenses may save less.
Beginning November 1, 2025, bank customers can name up to four nominees for their accounts and lockers.
Those who have binged on credit must spend less, cut discretionary expenses, and focus on repayment.
'Allocating 5 to 10 per cent of one's portfolio and staying disciplined through market cycles helps in having a positive investment experience.'
The 100 per cent withdrawal provision and the 25 per cent minimum balance provision have led to some confusion.
Those who have long retirement horizons of 15 to 20 years and seek higher long-term returns may opt for MSF. Investors nearing retirement (under 10 years) or those with low risk tolerance should stay away.
New investors should not allow themselves to fall prey to FOMO and rush headlong into gold.
Quoting an incorrect PAN during property registration can invite penalties and prosecution.
'It takes time and the experience of a few market cycles to develop awareness about one's true risk appetite.'
Investors can meet cash needs without selling their securities.
'Some buyers get carried away by festival offers and purchase higher variants or larger vehicles than they truly need, which impacts running cost and long-term affordability.'
'Do exhaustive research and then select the one that best fits your budget and requirements.'
'They are positioned as defensive products and can potentially give marginally higher returns than liquid funds.'
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