Keep track of your foreign remittances to avoid giving incorrect declarations as these could be held against you.
Balanced advantage funds have the potential to earn superior risk-adjusted returns for the investor and offer a smoother investment journey.
Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.
Group term insurance is far more cost-effective than an individual cover.
'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'
'Negotiate a longer agreement with the escalation clause fixed now.' 'This will enable you to control future cost increases.'
'Investors don't have to worry about underperformance in passive funds, which earn market-equivalent returns.'
While equity savings funds could offer higher returns over three-five years, they would also be more volatile.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
Be wary of co-operative banks which have historically been most vulnerable.
'While many policies say that they will cover mental illnesses, the wordings of a few still have mental illness as a permanent exclusion.' 'After the new IRDAI circular, such exclusions should go away.'
Suppose you had bought a television set that came with a one-year warranty. It breaks down two years after purchase. You can't react emotionally and say that such an expensive set should last for at least five-six years.
A term plan's premium is lower than that of a wholelife plan.
In contrast with their strong performance in 2020 and 2021, pharmaceutical and healthcare funds experienced a decline in 2022, with returns plummeting by an average 9.8 per cent. This trend has continued in the current year, with year-to-date return remaining in the negative (-4.9 per cent). In the past three months, pharma funds have been hit hard, experiencing a 7.9 per cent decline.
Before opting for this scheme, consider how EPS is calculated.
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.
