ASK Wealth Advisors says 5 million, CMIE's estimate is 2 million and Ghosh & Ghosh said it was 7 million!
'Choose an equity allocation that will allow you to remain invested even if the market falls by 50 to 60 per cent.'
'Investors with foreign currency-denominated goals, such as foreign education or foreign travel, should go for US equity funds.'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
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.
Do not keep a large portion of your long-term portfolio in FDs.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
Dwaipayan Bose explains what momentum investing is, how it works, why it generates higher returns and has higher wealth creation potential.
SIP top-ups are especially beneficial for young investors, who may start with a small SIP installment and grow it over their working careers, says Dwaipayan Bose.
'Consider your household's financial health and all your other goals.' 'Buying a house might seem like an urgent goal, but it is rarely the only one.'
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
'If gold's recent surge has increased its allocation beyond 15 per cent in your portfolio, now may be a good time to rebalance.'
Stopping SIPs during a downturn undermines the benefit of rupee-cost averaging.
'In phases when smaller stocks do well, an equal-weight index performs better than its market cap-weighted peer.'
'Asset allocation should change only if your goals, life situation, or risk profile have changed.'
Don't let panic ruin your wealth. Avoiding these mistakes can save you from HUGE losses, says Ramalingam Kalirajan
'Younger employees, who tend to have a higher risk appetite, will find NPS advantageous due to the potential gains from equity markets over time.'
Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
Gripped with fear as an investor following a 12 per cent market fall? Here's Radhika Gupta's advice to investors.
'Investors with a long-term investment horizon and the risk appetite for fluctuations in property values may find SM Reits a viable option.'
rediffGURU Vivek Lala answers your income tax and personal finance queries.
'Understand how wedding expenses fit into your overall financial situation.' 'Evaluate how different levels of spending will impact other goals like retirement, travel, or housing.'
'If you are investing in a Ulip for returns, go for a type I Ulip.' 'If you are investing for insurance cover as well, type II is better.'
Using credit or debit cards abroad can prove costly.
For those looking for more affordable options, purchasing an under-construction property could be a smart move, as these generally cost less than ready-to-move-in properties.
New investors should gradually build a 5 to 10 per cent allocation to gold.
If the cashless request is denied, the entire cost may need to be paid for planned treatments.
'2025 is the year to build a portfolio for the future. Focus this year should be on valuations and visible growth.'
The three year lock-in period enables ELSS fund managers to invest in high conviction stocks for a long period of time because of relatively less redemption pressure, says Dwaipayan Bose
Do you have Budget related queries? Ask Finance Expert Ambareesh Baliga.
A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.
Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
We all need an expert whose advice you can trust, who will not start pushing products at you and rather help you understand why your wealth is not growing as it should, says Erik Hon.
'Arbitrage funds make the most sense for those in the 30 per cent tax bracket, are viable for those in the 20 per cent bracket, but less so for those in the 10 per cent bracket.'
'Clients deemed higher-risk are required to update their KYC more frequently.'
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
Customers who possess gold jewellery but are either being denied a personal loan or are being asked for a high interest rate due to their poor credit profile may consider a gold loan.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
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