While equity savings funds could offer higher returns over three-five years, they would also be more volatile.
With banks taking the cue from RBI to hike rates, home buyers will have to take serious measures to keep their finances under control.
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
'More investors now view the stock market as a valuable opportunity, though many still seek quick gains, leading to a rise in futures and options trading.'
The over-concerned species that we parents are, New Year is a great time to ensure that we leave our children with something to learn by, says Murad Nathani
Traditional investments like fixed deposits are good and safe and one must have a part of their savings invested in such risk free options. However, your portfolio is not complete and balanced in the absence of stock investments.
Mayank Goyal, founder and CEO, moneyHOP, will answer queries related to how to best manage your money while travelling internationally.
Don't let knotty financial issues weaken your marital bond. Heavy liabilities of one partner have the potential to sour a new relationship. So, develop a plan for how you will deal with these.
Don't let panic ruin your wealth. Avoiding these mistakes can save you from HUGE losses, says Ramalingam Kalirajan
'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'
Using credit or debit cards abroad can prove costly.
Be wary of co-operative banks which have historically been most vulnerable.
'Compare the new slabs with the previous years to understand if your tax liability will increase or decrease after the Budget.'
NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
DAP does not consider past I-T returns to match a taxpayer's resources with their expenditures or investments, points out Harsh Roongta.
'With tuition fees for international students rising, education loans have become critical for bridging the gap between savings, scholarship, and full cost.'
It was a protest which held a mirror to the government of a state taking pride in its commitment to democracy, gender equality and social indices.One person, who in his employed days had known governments and political parties at close quarters, told me that public perception of how the Kerala government handled the ASHA workers' strike had been terrible, reports Shyam G Menon.
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
Try getting to know them better before allowing yourself to develop any feelings, or your judgment will get clouded by emotions running high, suggests Ravi Mittal, CEO, Quack Quack, an online dating app.
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.
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
A woman can do many wonderful things if she wishes to, and one of them is to grow her money.
Look at savings as a percentage of income rather than a fixed amount. Both should rise in the same proportion.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'
If you already hold significant amounts of equity in your portfolio, avoid MAAFs with over 60 per cent equity. But if you lack equity exposure, an aggressive MAAF may be appropriate.
Few options that can help you plan taxes wisely.
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Data from Value Research analysed on five-year, three-year and one-year performances of active equity schemes to pick the best performers in popular scheme categories.
A mortgage is a great responsibility that you must bear on able shoulders for a long period of time. If you already have a mortgage or are planning to avail of one soon, you are obviously confident of your finances, but a few tips to save money on your home loan couldn't hurt, right? Read on to find out more!
If the cashless request is denied, the entire cost may need to be paid for planned treatments.
'Save the entire chain of e-mail exchanges so that you have documented evidence to show you informed the bank about the issue.'
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
Here's how you can ensure you have enough in your kitty and be in command of your finances.
'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.'
Did you know that you can get a tax benefit of up to Rs 50,000 under a health insurance policy?
'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.'
It is important to celebrate when your first paycheck arrives, but is equally important to ensure that you take the time to learn some very important personal finance lessons, so that you can put your salary to work for you and grow a savings corpus.
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
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