Mutual funds can be passively or actively managed schemes. Passively managed mutual funds are also known as index funds. They try to replicate the indexes they follow, like the Standard & Poor’s 500 Index. Actively managed mutual funds, on the other hand, try to outperform their indexes by taking on more risk. These funds are run by professional fund managers who may be supported by a research team and a co-manager.Continue reading “How to pick actively managed mutual funds”
Our fathers are our primary providers. They shape us not only as a person but also make huge contributions and sacrifices to see us become the person that we are. They are our first friend, teacher and disciplinarian. Even though we can never repay what they do for us, we can always help them in little ways possible. This father’s day, we should make the most of this opportunity and help them with their retirement plans. Plan their retirement in such a way, so that their life post-retirement is stress-free and happy.Continue reading “Father’s Day Gift: Retirement Planning”
Being an investor, every penny that you make is an important aspect of your investment. However, due to the growing effects of inflation, every penny that you save is no longer the penny that you earn. Therefore, an investment in a Unit Linked Insurance Plan (ULIP) is necessary in order to combat inflation in the best possible way. Due to the dual benefits of protection and growth, ULIP investment tones down the effects of inflation on your investments. So if you’re wondering how to combat inflation with a sound investment in ULIP, keep reading to find out more. Take a look:Continue reading “Combat Inflation With a Sound Investment in ULIP”
Everyone must have the heard the most popular adage, ‘There are two sides of the same coin.’ Well, this quote quintessentially holds true when it comes to certain investment plans, especially a Unit Linked Insurance Plan (ULIP). Investment in a ULIP Policy ensures that an investor utilizes the numerous funds offered by the insurance companies. A ULIP Plan allows investors to make selections from equity funds and debt funds based on their risk appetite.Continue reading “Equity and Debt – Get the Best of Both Worlds With ULIP”
Proper planning is crucial for the financial stability of you and your family. An important inclusion in your financial plan is a life insurance cover. Unfortunately, life insurance is not given much importance for several reasons.Continue reading “Top 5 Life Insurance Myths in India!”
Term insurance is a policy that is designed to serve the financial needs of a policyholder’s family in case he or she passes away before the policy term is over. This is why you must be very careful when choosing your nominee in insurance so that the insurer can pay the sum assured to the right person. Your nominee should be the person whom to financially cover in case you are not there.Continue reading “Who Should be Your Nominee for Your Term Insurance?”
Are you thinking to move outside India anytime soon? If yes, it is time to settle a lot of things back in here before you board that flight! Moving to a different country seems quite exciting, but in that entire hullabaloo you must not forget to take note of some of the important concerns related to tax issues, legal matters and procedural affairs. Let us help you get acquainted with the top things to do before becoming an NRI officially.Continue reading “Things to do before becoming an NRI”
A Demat account is just like a bank account but instead of money held in your bank account, Demat accounts holds your securities – in the form of shares, bonds, or debentures.Continue reading “Investors Guide to Demat Account”
A car is one of the major purchases you will make in life. Cars are essential for the day to day commute, but they can break the bank. If you are considering buying a new car, you should be prepared to spend at least £7,000. Thankfully, there are many financing options when it comes to buying a new or used car. Examples includeContinue reading “What Are My Options When It Comes To Auto Finance?”
Cryptocurrency has flipped the world of investing on its head. Crazy trends have made new investors millionaires overnight, and the trend seems to be going nowhere but up. However, choosing the best app to manage your cryptocurrency investments can be a hard choice with some many different options available.
There is no certainty in life and the untimely demise of the breadwinner may put the financial stability of the entire family at stake. Life insurance acts as a cushion in case of an unfortunate event and provides financial stability to your family in your absence.
Most of us spend a lifetime earning money and trying to save enough for retirement. However, we are always confused about what to choose between lifelong and long-term income. The returns generated from investment plans are utilized for a specific target.