'Younger employees, who tend to have a higher risk appetite, will find NPS advantageous due to the potential gains from equity markets over time.'
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
Consider a combination of a base policy and a super top-up policy.
'In phases when smaller stocks do well, an equal-weight index performs better than its market cap-weighted peer.'
'If the borrower can't repay the loan due to lack of income or losses from speculative activities, they risk defaulting on it.' 'This could lead to the bank seizing the property.'
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Invest in MFs for liquidity and choice of funds. Invest in NPS for the tax benefits, tax-free rebalancing, and for earmarked savings for retirement.
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'
If the cashless request is denied, the entire cost may need to be paid for planned treatments.
By taking the mutual fund route, investors can take exposure to gilts with small amounts. Over a decade or more, returns from these funds tend to be sound.
'If the portfolio growth rate is higher, take this loan. If it is lower, liquidate your investments.'
Long-term investors should never stop their SIPs during market corrections.
'Save the entire chain of e-mail exchanges so that you have documented evidence to show you informed the bank about the issue.'
'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
Do not, however, enter expecting quick returns.
Do not keep a large portion of your long-term portfolio in FDs.
A rider is a supplementary cover which can be purchased with the base policy by paying an additional premium.
Only investors with a higher risk appetite should enter these funds.
Health insurance coverage should be hiked periodically to keep pace with medical inflation, or increase in healthcare costs.
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