A Thane court has sentenced a financial advisor to two years rigorous imprisonment in a case of criminal breach of trust filed by a woman and imposed a fine of Rs 30 lakh on him.
Honest financial advice helps you make rational financial decisions
A significant majority (57%) of India's investment advisors are concentrated in just five metro cities, leading to concerns about financial inclusion and the spread of financial market products beyond urban centres, according to a Business Standard analysis of Sebi data.
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.
Since just about anybody can call themselves a 'financial advisor,' these quick tips can help dig out facts on the person you will be paying to handle your money.
Though it has been more than six months since the ban on entry load on mutual funds (MFs) came into force, independent financial advisors (IFAs) are still shying away from selling MFs.
Nine qualities you must look for in your financial advisor
The Securities and Exchange Board of India (Sebi) has proposed allowing celebrity endorsements for its regulated entities like AMCs and stock brokers, but only at the brand level, not for specific products or services, as part of a major overhaul of advertisement codes.
The DP World Professional Golf Tour of India has appointed Rachana Bahadur, Senior Vice President and Country Head " India at Synchrony Financial, as an advisor to the organisation.
'Buy on dips, buy on dips and sell on rise.'
A good advisor can make or break your financial future
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
'Users should protect their savings goals before allocating money to discretionary expenditure.'
Five rules that can help you create wealth and choose a wise financial advisor.
Life cycle funds may suit people who are starting their investing journey. They may suit those who do not want to monitor their investments frequently. Busy professionals, beginners and delegators, who lack the time, information or interest to manage asset allocation actively, may find these funds useful.
Learn how to weed out those who are just out to make a quick buck.
These signs should ring the warning bells. Keep away from financial advisors exhibiting these signs.
New financial investment funds, including Filmoney Global and CineNow, are entering the 22,000 crore Indian film business, aiming to establish Indian cinema as a new asset class for high-net-worth individuals and institutions, similar to the IPL.
Investors now have 27 passive smallcap funds to choose from 17 index funds and 10 ETFs.
Legendary economist and former Federal Reserve chairman Alan Greenspan has died at the age of 100 due to complications related to Parkinson's disease, his wife Andrea Mitchell confirmed.
The best time to buy health insurance is when you don't think you need it.
Behind the aesthetics of an entrepreneurial lifestyle lies a silent financial crisis that nobody is talking about: Freelancers are sprinting toward a retirement brick wall.
Tax treatment depends on the activity and manner of earning income.
In essence, Tata Sons will continue to be a CIC, whether registered or unregistered. It will have to follow the 90:60 principle.
If it qualifies as belonging to the upper layer, public listing will be one of the regulatory requirements. However, if it qualifies as 'unregistered CIC', it will escape from prudential regulation, explains Tamal Bandyopadhyay.
Your children may always love you but should you expect them to to finance your retirement in today's economy?
Rising income feels like success but unchecked lifestyle inflation traps urban professionals into financing a more expensive version of living paycheck-to-paycheck -- buying material upgrades instead of true future financial freedom.
'The order has no practical effect unless and until he chooses to enter Singapore.'
An Home Loan Protection Plan repays the outstanding loan if the borrower dies or suffers a covered disability.
If you have ever said 'I'll sort retirement later,' now is when 'later' begins.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.
Do you find yourself wondering how good your financial advisor is? How trustworthy? Do you ever feel uncomfortable sharing information with him? Maybe it is time to ask some hard questions and get some peace of mind.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
The tax treatment of equity savings funds makes them appealing, especially to investors in higher income-tax brackets.
With more granular reporting and enhanced data matching, mismatches are likely to be identified more quickly.
As the rupee weakens, wealthy families are accelerating investments in global assets.
'AIS helps taxpayers check whether all income streams and reportable transactions -- such as interest from old bank accounts, small dividend receipts or transactions across multiple brokers -- have been properly disclosed.' 'Mismatches between these transactions and declared income may trigger automated notices or scrutiny.'
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
