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.
An NCD's credit rating will tell you whether risk possibility is high or low. Instruments rated below AA are regarded as high-risk.
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.
Many investors want to exit equities now and re-enter when they begin to rise. Such timing is difficult to pull off.
These funds can fetch double-digit returns over the long term which debt tax-saving products can't.
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.
If you don't have a specific goal, but want intermittent liquidity, then ladder your FDs, that is, invest in FDs of varying maturities, such as one, two, three, five or even 10 years. Laddering ensures FDs mature at regular intervals.
TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
'Sector funds like IT funds should be included only in the satellite portfolio.' 'Limit your exposure to IT sector funds to around 5-10 per cent of your equity portfolio.'
Since infrastructure projects have long gestation periods, investors need to enter them with a long horizon of at least 10 years.
Investors not comfortable investing directly may take the mutual fund route, where they get exposure to a diversified portfolio of bonds.
Invest only if you wish to go overweight on the sector.
Borrowers should be careful if the app promises too-quick disbursal, and doesn't provide adequate information on the terms of the loan, such as interest rate, repayment schedule, etc.
Enter multi-cap funds only if you can stay invested for the long term.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
The SIP route suits the salaried class, by matching their income flows with investment frequency.
