Raising equity exposure to 50 per cent in the National Pension Scheme will benefit young investors, provided they can stomach higher volatility.
Give them up post haste and make a rocking beginning to the New Year.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
It, effectively, means that employees can invest more in 80C instruments. At present, employees claim tax benefits under Section 80CCD for contributions made towards NPS by both him/her and his/her employer.
Have money? Here's what not to do with it. . .
Irda's advertisement is silent about the High cost of Ulips that all Investors should know.
Bringing down the Income Tax slab is a boon for them, but anomalies regarding health insurance benefits remain.
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.
ICICI Prudential has tied up with the healthcare service provider to enable investors in its ICICI Prudential Savings Fund use the money seamlessly for medical purpose.
While it is suggested that withdrawals and loans against long-term instruments are not the wisest steps, if you really need to do so, here are a few options. . .
'It is difficult to pin down any singular factor but marriage does invite the emotional investment of viewers,' observes Chintan Girish Modi.
The Pay Commission's award will provide a windfall that can be used to both spend and invest wisely.
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With uncertainty looming large over Indian markets, retail investors can increase their exposure to US funds.
Ratan Tata has made investments in his personal capacity in more than 15 start-ups over the last 20 months.
Now STPs or variable SIPs can earn better returns than vanilla SIPs.
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
'A subscriber will know exactly how much of his money is in debt and how much in equity.'
Despite the equity booster, many would be uncomfortable about NPS.
With returns improving due to the stock market rally, MIPs have started looking more promising.
While govt has decided to maintain status quo, don't use the money for house, marriage or education
Have you ever thought of options that are safer like the savings bank account, and additionally provide higher returns?
Exodus of top managers an unintended side effect of roaring MF industry
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
Since NPS is used for a long-term goal like retirement, allowing younger investors to have higher exposure to equities will give them a chance to earn higher returns.
Agents are known to mis-sell tax plans to unaware investors. Mis-selling comes easy as basic facts are misrepresented and investors are made to buy plans that don't benefit them.
A person in the 30% income tax bracket with a Rs 40 lakh home loan at 9% interest rate would, under the Rs 3.5 lakh interest exemption, will save Rs 105,000 in tax in the first year, against Rs 60,000 under the previous interest exemption of Rs 2 lakh.
Endowment policies give better returns than most fixed income products in the long run.
Diversification should be regarded as one of the basic tenets of financial planning
Financial Planner Suresh Sadagopan chalks out a financial plan for Business Standard reader Rahul Lad.
Heed your liquidity needs before investing in an FMP.
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.
'The list of things to be done or added or removed will keep growing and it will be a while before the emerging models settle down into lasting structures,' predicts Umesh Shrikhande, CEO, Taproot Dentsu.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
