While it is suggested that withdrawals and loans against long-term instruments are not the wisest steps, if you really need to do so, here are a few options. . .
When investing in fixed-income products, balancing considerations like safety, liquidity, and income is essential.
Ensure maximum payout from the insurer when opting for a non-network hospital.
This will not affect the tax exemption provided to the amount received on the death of a person insured. It will also not affect insurance policies issued till March 31, 2023
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Follow this 15 x 15 x 15 rule to become a crorepati without taking big risks. Ramalingam Kalirajan explains how
ICICI Prudential has tied up with the healthcare service provider to enable investors in its ICICI Prudential Savings Fund use the money seamlessly for medical purpose.
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.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
For non-callable deposits above Rs 1 crore, the interest rate is only five basis points more than the regular FD.
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
A new approach called life planning can help you prioritise the use of your time and money.
In India, younger workers willing to work at lower salaries are easily available, so you could find yourself out of a job before 60. Therefore, save for retirement with urgency, advises Sanjay Kumar Singh.
Make financial planning a part of your education and definitely a part of your marriage, says financial planner Sheetal Jhaveri.
Short-term loans from NBFCs can be more convenient but come at higher cost
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
'By investing in a basket of funds, FoFs can help minimise the impact of underperforming funds, thus reducing overall investment risk.'
Ensure that you get a high sum insured. Also, make sure the policy covers the cost of implants (pacemaker, stent, etc), and pre and post-hospitalisation expenses.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
From how to open an NPS Vatsalya account to knowing how this scheme compares to investing in mutual fund or in provident fund, Ramalingam Kalirajan offers a 360-degree view and the pros and cons of investing in a scheme that has the potential to secure your child's financial well-being.
Imagine transforming a modest Rs 10,000 monthly investment into a steady Rs 1 lakh monthly income in your retirement years. This is the power of compounding -- a strategy that rewards you for starting early and staying consistent with your investments, says Ramalingam Kalirajan.
'Investors should not go for lump-sum investments in infrastructure funds at this point.' 'The SIP route is the best to avoid any major disappointment.'
Look at those offering 100-300 bps more and have good rating; it will improve your portfolio's returns.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
Switching to the UPS could be a game-changer for your retirement planning, especially if you value guaranteed benefits and higher government contributions, observes Ramalingam Kalirajan.
Many would have racked up debt this Diwali, using credit cards and consumer loans. Here are a few simple steps on how to fix your financial mess, says Bindisha Sarang.
First things first: For those wondering if they need to reapply, the answer is no.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
These funds can fetch double-digit returns over the long term which debt tax-saving products can't.
Are you ready to take control of your financial future? Ramalingam Kalirajan offers a step-by-step guide to calculate exactly how much money you will need when you enter your golden years.
