'If through growth and serving the customer we become number one, we will be very happy and very proud.'
The first of a four part series that endeavours to simplify the tedious process of financial planning.
'Comparing the rates of interest with PSU banks, the three- and five-year time deposit rates of the post office are more favourable.'
This sort of property is better suited for an investor rather than an end user.
Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
A financial plan gives you a roadmap, which helps you take the right decisions and avoid expensive blunders.
According to the finance minister, India was compliant with most of the internationally accepted standards in banking, securities markets and insurance sector.
Plan for your own self such that your goals and objectives are reasonably met in eighteen years from now.
Because they have become too big and pervasive and the time to regulate is long gone, points out Debashis Basu.
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
When we are unwell, we consult a doctor, take a prescription, and then buy medicines from a chemist. In finance, too, it is best to keep investment advice and product purchase separate, suggests Bindisha Sarang.
"Planning might not yield best results but saves from the worst ones!".
In the long-term we are all dead. Agreed! But, if we don't plan well enough for the long-term, we might be as good as dead even in the short-term!
G Murlidhar, MD and CEO, Kotak Mahindra Life Insurance Company explains how to make smart financial decisions for better gains.
Of the total expected revenue, the cash offerings made by millions of devotees in the sacred hundi (offering box) at the hill temple complex were expected to fetch about Rs 1,000 crore.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Chirag Daruwalla, who is following in the footsteps of his famed astrologer father, the late Bejan Daruwalla, tells you.
Cut down on non-essential expenses like outside food, travel expenses.
The club will relocate to the Olympic Stadium in Montjuic due to renovation work.
Bundled products often come with restrictions. The customer also gets locked into two products at the same time. This reduces flexibility.
Vamsi, 36, an IT professional shares his financial plan.
Buying or selling securities based on rumours about expected changes in tax rates or sectoral sops can backfire, advises Sarbajeet K Sen.
Since 2016, Sebi has made many rules to prevent unauthorised trading by stockbrokers. Yet, one comes across dozens of cases of blatant overtrading in client accounts, every year, leading to massive losses to investors, observes Debashis Basu.
As you ring in the New Year, here's a list of the 10 most important financial resolutions to get your money train back on track.
Rajesh Srivastava from Greater Noida shares his suggestions.
A robo advisor may seem like the perfect solution for those with only a small investment capital who are just starting their investment journey, says Mrin Agarwal, founder, Finsafe India.
One of the mistakes most homemakers make while thinking about financial planning is looking at immediate goals, says Amar Pandit.
Jeswin Aldrin, who had already qualified for the championships, however missed the cut.
'Switch to digital mode. Read e-newspapers, e-books. Pay bills online; it is cheaper,' suggests Vijaylaxmi Unney.
While most universities and colleges are genuine about what they offer, applicants need to verify the claims to check for authenticity and red flags if any, alerts Piyush Kumar, regional director, (South Asia), IDP Education, an overseas education consultancy.
Naren from Hyderabad tells us how his family saved money in the lockdown.
V T Rajan reveals how he cut expenses after his salary was cut by 50%.
When we look at the pension expenditure of the states, so far, there has been no gain from the NPS reform. Pension expenses as a share of total state revenue expenditure rose from 4% in 1991-1992 to 10% at the time of the NPS reform, and have risen further to about 12%, observes Ajay Shah.
Management professional Shajan Samuel explains his current frugality.
The most essential and necessary things should be on top of the list and others which we can do without should be avoided, says Nandini Anandkumar.
Sales professional Yogesh Pradhan tells us how he plans to cut down expenses after the lockdown.
Sumit Roy, an MBA, shares a simple formula to cut down expenses and save money post lockdown.
'I would always put the money I saved into equity mutual funds -- mainly through the SIP route. 'This helped in swelling my savings over a period of time,' says Avik Chowdhury.
The economy is struggling and companies may soon be forced to cut salaries or let people go. What are your plans for the dark days ahead?
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