If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Retirees must also try and purchase a senior citizens' policy, despite steep premiums.
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
The challenge isn't in selling -- it's easy to sell when the market peaks. The real challenge is in buying back.
Ask rediffGURU Ulhas Joshi your mutual fund queries.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
Experts say the size of the fund shouldn't be a primary criterion for selection.
Now that the National Pension Scheme offers more choices than the Employees Provident Fund, is more transparent and also allows to choose the level of allocation to equities as investors like, should one switch to the NPS?
Multi-asset funds offer exposure to gold, which tends to do well in times of geopolitical tensions and inflationary pressures, suggests Sanjay Kumar Singh.
FMPs remain an option for investors who believe interest rates could head downward over time and wish to lock in the current rates. TMFs have very low expense ratios, which makes them cost-efficient.
With natural and man-made calamities posing a risk to your home, it makes sense to buy home insurance
Those just starting their careers should avoid adding to their liabilities, especially if they already have an education loan. They should think hard before taking a car or home loan.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
Those who cannot bear significant downturns (as much as 40 per cent) or have a short horizon should exit entirely.
It is a good option for parents of girl children who want a debt product and do not mind its low liquidity.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
By diversifying into developed market equities, Indian investors can mitigate the impact of cyclicality in returns as well as reduce currency risk, experts tell Sanjay Kumar Singh.
rediffGURU Ulhas Joshi recommends five factors you need to look at to evaluate the performance of two schemes.
You can build your own retirement savings portfolio by investing in equity, hybrid and/or debt funds. Alternatively, you can also invest in retirement funds which provide asset allocation solutions for different investment needs and risk appetites, says Dwaipayan Bose
'By entering at an early age, they stand a better chance of developing into skilled investors.'
From April 1, subscribers will be able to change investment option & asset allocation twice a year, instead of once. Use greater flexibility offered by pension scheme judiciously.
With days to go before the new tax regime around crypto assets kicks in, several investors are reportedly either booking profits, rejigging their portfolios or moving their crypto assets to their private wallets outside of India. Starting April, gains from trading in crypto and other virtual assets like non-fungible tokens (NFTs) will be taxed at a flat 30 per cent, as announced in the Union Budget. And, 1 per cent of tax will be deducted at source (TDS) on every transaction involving crypto and other virtual assets. The new tax regime also bars investors from offsetting losses from one crypto asset (such as Bitcoin) against gains from another (say, Ethereum).
How investors can tweak their fixed income investments to earn more in the current environment.
Business success often involves a combination of planning, implementation, and continuous learning, says rediffGURU Harsh Bharwani.
rediffGURU Ulhas Joshi answers your mutual fund queries.
Despite recent setback, these remain the most appropriate tool for international diversification
The proportion in which a joint home loan is taken is important.
'Use this money to build an emergency fund if you do not have one.'
SEBI has published data showing that more than 90 per cent of investors lose money in futures and options, explains Harsh Roongta.
Look for one with the right mix of qualification, experience, ethics knowledge, and communication skills
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
Begin the year-end review by assessing whether your portfolios are on track to achieve your life goals.
With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh.
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
How do you pick a mutual fund scheme that suits your needs?
Take a call to stay put or opt our based on whether you think the company will be able to find a strategic investor, suggests Sanjay Kumar Singh.
