Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent.
'Those trying to use these funds for quick gains should avoid them due to risk of being late to the party.'
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
Reddy, rookie speedster Harshit Rana, Devdutt Padikkal, Yashasvi Jaiswal, Prasidh Krishna and Dhruv Jurel are on their maiden Test tour to Australia.
'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.'
The returns from liquid funds, currently, look better than what savings accounts of leading banks are offering, points out Sarbajeet K Sen.
These funds at times invest in companies going through corporate restructuring, such as mergers, demergers, or buybacks.
'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.'
Investments are made at different times, and perhaps, through different advisors, which does not help in consolidation.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
Building an investment portfolio requires the investor to put in a fair degree of thought and time
'If an individual makes significant financial investments, she should stick to the old regime.' 'If the individual prefers straightforward computation without any tax benefits, the new regime would be suitable.'
At the outset, decide whether you want to be a trader or an investor, suggest Sarbajeet K Sen and Sanjay Kumar Singh.
Build a portfolio diversified across market caps, investment styles, and geographies.
Ensure you drink about 6-to-8-glasses of water every day to escape dryness of the mouth.
Investors should view the increase in the LTCG tax rate in conjunction with the increase in capital gains exemption from Rs 1 lakh to Rs 1.25 lakh, which will provide some relief.
Individuals following this approach need to be more disciplined, optimistic and need some serious luck.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Ravi Singhal explains how a taxpayer can go about reducing her/his tax liability if they suffer losses while investing or trading in the stock market.
Invest moderately in equities, and be ready to average down if market falls.
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
Multi-asset funds offer exposure to gold, which tends to do well in times of geopolitical tensions and inflationary pressures, suggests Sanjay Kumar Singh.
Here's how you can ensure you have enough in your kitty and be in command of your finances.
Many employers now use ATS (Application Tracking System) to sort out the hundreds of resumes they receive daily. ATS examines resume based on keywords and is automatically rejected if the software does not find them, reveals Vidur Gupta, co-founder and director, Spectrum Talent Management.
It is essential to have a comprehensive motor policy, and not just a third-party cover, as the latter does not protect your own vehicle.
Only investors who understand the significance of ESG investing should enter these funds for the long term, advises Sarbajeet K Sen.
If the cashless request is denied, the entire cost may need to be paid for planned treatments.
G Murlidhar, MD and CEO, Kotak Mahindra Life Insurance Company explains how to make smart financial decisions for better gains.
A retirement fund can be helpful for all age groups, but ideally one should start investing early to beat market swings and gain from compounding.
'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'
Even brief exposure to the sun can damage hair strands and cause them to frizz.
Invest in the person you are dating or romancing and enjoy the time you two spend together, advises Sybil Shiddell.
Before you invest, check the fund manager's track record in managing such a strategy, asserts Sarbajeet K Sen.
'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'
'Filing a nil ITR serves as a formal declaration to the tax authorities that your earnings fell below the taxable threshold in the given financial year, and you had no tax liability during that period.'
'Lack of self-control over spending leads to a credit card debt trap.' 'People think they have money and spend using a credit card, but when it's time to pay, they realise they don't have the money.'
These funds have lowered the entry barrier for investors who can now invest with just Rs 5,000, points out Sanjay Kumar Singh.
Consider a combination of a base policy and a super top-up policy.
A sensible investor who is always invested will get high returns over the long term.
Maintain a proper record of documents that can act as proof of the cost of acquisition of the property, cost of improvements made to the property, expenses related to transfer of the property (like brokerage and registration charges). These will come in handy in case of a dispute with the taxman.
