As time passes, term plans have started losing their simplicity. Now it comes in various versions where by insured may ask for a lump sum benefit or a distributed benefit for his nominees.
Be it building an emergency fund or parking money for a very short period of time, liquid funds are a wonderful investment option.
When you focus too much on returns on risk ignoring your requirement, there is a fair chance that you may be mis-buying.
If you are looking for financial planning approach then it is better to avoid investing in MF though demat accounts. However, it can be a good platform if your needs are purely investment related.
While the direct route helps you to save on the costs, the financial planning helps you to stick to the path to your financial goals.
Explain the reasons behind your home loan default to banks. Banks do not want to foreclose the loan and will offer your some solution.
Home buyers are dependent on home loans to fund purchase of their dream home. However, they need not understand finer details of a home loan funded house purchase.
Closed ended funds come with drawbacks such as lack of track record, no liquidity and absence of asset rebalancing.
Gold in physical form entails high costs towards storage, security and purity. However, ETF offers a cost efficient way to take exposure to gold
Many individuals treat credit card as a bane. However if they stick to their family budget and spend accordingly on their credit cards, the credit card can emerge as a convenient tool than a value destroyer.
While asset allocation helps you to expose yourself to multiple asset classes with a view to reduce risk. Choosing the right products in those asset classes chosen will help you earn healthy post tax risk adjusted returns.
Being your own employers, self employed individuals have to be careful about both business finance as well as personal finance. Mingling both can be harmful in the long term for your financial well being.
Below are some of the personal financial spaces which normally get disturbed due to untamed spending behavior. It must have happened with some of you also. Now when the festival season is over it is time to look back on things and act to correct the mistakes.
While schooling costs cannot be planned for, it should be a budgeted as a part of your monthly cash flow management. Expenses towards schooling should not lead you to compromise on saving towards other goals like higher education.
If one has a clear understanding on structure of products and also how retirement planning should be planned for, then I am sure that one would definitely go for much better manageable and more flexible products called mutual funds.
In order to get the best out of your mutual funds portfolio you have to keep a check on the mistakes you generally make while selecting funds
Manikaran Singal discusses five parameters of selecting the best mutual funds scheme.
Most investors ignore the risk factors involved in mutual fund before investing. This is a behavioural anomaly among investors which shows that they don‘t understand the risk return relationship. Financial expert Manikaran Singal explains ratios that measures volatility to enable investors to take better investment decision.