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.'
'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'
Use these loans to meet emergency needs, and not to fund holidays or luxury purchases.
'Investing in these funds makes sense if their net yield over better-quality funds -- corporate bond funds or banking and PSU funds -- is meaningful.'
New investors should avoid short-term, tactical entries and instead go for staggered buying via ETFs to manage volatility.
Investors may wait for six months and then take another look at the stock.
'Such stocks may be useful for aggressive portfolios, but should not be part of the core holdings.'
'Reits are suitable for investors seeking regular income and real estate exposure without managing physical properties, especially NRIs and retirees.'
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