Some investors are connecting dots to infer that debt funds are a riskier lot and contemplating going back to the ‘safe-haven’ bank Fixed Deposits (FD). But would that be the right thing to do?

What you need to watch out for is not getting carried away by your emotions and instead, setting goals which you can achieve realistically.

If you have recently lost your job, take the following steps

The short answer is, you don’t need to worry. Scripbox did not recommend any of the funds which had exposure to these securities. In fact, preventing such exposure is one of our algorithm’s key objectives

The objective behind this move was to give immediate cashflow relief to individuals given that the economic lockdown could have severe negative impact on jobs and earnings. Even if you qualify for this, don’t opt for it unless you have run out of all your savings.

A lot of planning goes before one goes abroad for studies. Academic year usually begins in the month of September (Fall 2020 and so on) for many universities abroad. But this time, because of the outbreak of COVID-19, admissions processes have been thrown off-gear.

You may have to think about spending less for that purpose, however, the outcome over a period of time will surely have a positive impact on your future financial life. One way to ensure that your regular investments are the last to suffer is automating them.

We have looked a little deeper into the announcements which will have a more direct and immediate impact on individual citizens and have set them out in this article. Separately, we have also listed out in the Annexure the details of all the other announcements made by the Finance Minister.

At the moment liquid funds are delivering an annualised return of 5.5%-6%. This is lower than the 6.5%-7% seen a year ago. However, it is in line with the downward trending interest rates in the economy. If you are feeling disappointed with these returns and think that its better to move to a higher return fund or leave money in the bank itself, first read through the points below and then decide what to do.

It allows the borrower to save on interest payments (or repay loan faster) by parking any surplus funds into the linked bank account.

The point of this article though is to make sure, that irrespective what you think your definition of “long-term” is, you don’t do the following when linking your goals to equity mutual funds.

Here’s an approach you can consider to make sure that you use this fund optimally, in the unlikely event you are forced into unemployment temporarily.