Children born under the Special Marriage Act have equal rights over both parents' properties, regardless of their parents' religion or background.
One common mistake investors commit during profit booking is not having a plan for the redeployment of the money that comes into their account.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
'Exit the car and call for your vehicle to be towed.'
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
Find out whether the fund is equity, debt, or hybrid oriented. 'Understand the portfolio composition and whether it suits your risk appetite and horizon.'
Begin the year-end review by assessing whether your portfolios are on track to achieve your life goals.
Patience can be rewarding. 'Post-listing, sanity often returns to valuations of newly-listed businesses within six to nine months. Buy then.'
Policy owners need to avoid errors on their part to prevent claims from being denied.
Understand the pros and cons of SGBs before rushing to invest in them based on past returns.
These plans are best suited for individuals with a lower risk appetite as they provide guaranteed benefits.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
'Try to obtain a secured personal loan or credit card by offering some collateral, such as a fixed deposit or gold.' 'Not only will this improve your eligibility, but the lender may even offer a lower interest rate.'
'Look not just at the interest rate but also the processing fee.'
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
Avoid relying on a bank RM for investment advice. Instead, approach a Sebi-registered investment advisor whose livelihood depends on the fee paid by his customers and not on product commissions.
'Check every SMS you get. Many people ignore them.' 'Remember if there is an activity in your account, your financial institution will send you an SMS, not a WhatsApp message.'
Ultimately, the choice between no-cost EMI and BNPL depends on an individual's financial situation, preferences, and ability to manage repayments responsibly.
When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum.