The new 'riskometer' seeks to help investors gauge the level of risk in a particular scheme. The new guidelines will come into effect from July 1, 2015.
Calculate his monthly expenses, health care spending, how much funds will he need once he retires, and whether his current savings and investments will enable him to manage his lifestyle through retirement, suggests Ashok Kumar E R, CEO and co-founder, Scripbox.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
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 Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
Goals like buying a car or travelling abroad are short-term goals whereas purchasing a house or retirement planning are medium and long-term goals.
Your entire contribution can go down the drain if policies are not renewed on time
These funds carry low risk and should be able to beat the returns from fixed deposits.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
If your fund's expense ratio has risen dramatically after Sebi's recent changes, compare it with the category average before switching.
For existing investors, it may be prudent to redeem their current investments in gilt or dynamic schemes and invest it in short-term funds, if the exit load is not very high, advises Malhar Majumder.
For the wealthy, post-tax returns of debt funds would work out better
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
Mahavir Chopra compares mutual funds and Ulips to help investors decide.
Most bankers say they will look at reducing deposit rates from April.
Health care costs are rising exponentially and most people are under-insured.
Arbitrage schemes can give investors better post-tax returns than debt funds.
Systematic withdrawal plans in equity funds can spell trouble in a falling market, points out Deepesh Raghaw.
Buying stocks during bad times can lead to good returns.
Knowing these will save you from taking undue risks, losses and also create wealth in the long run, says Dwaipayan Bose.
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Now insurance companies will train agents not only to get new business but retain existing customers.
Just in case you have surplus funds and are thinking about it, here are some pros and cons you must know...
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Take a moment to consider ways to improve your finances.
The Association of Mutual Funds in India (Amfi) has already taken up the matter with the market regulator and the finance ministry.
I would advise at least a 7 year investment time frame for Equity Investing
From the date you put in your papers, the employer will promptly freeze your salary payouts and you will get everything along with the full and final settlement.
Besides return and risk, investors also need to weigh the liquidity of the instrument they are putting money in
The current debt market scenario is balanced from rates perspective.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Every financial plan needs to be tweaked periodically.
It is often said, learn from your mistakes. We can twist that saying a little; learn from your mistakes and people who make mistakes. You do not have to make the mistakes to learn from them, says Priyanka Chakrabarty.
If new goals have emerged, this is the time to make fresh investments.
The yellow metal is a safe bet in the long run.
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