A succession plan becomes important if you have created assets through your working life. These assets ideally will go to your family in the event of your demise, however, the proportion and timing of distribution if left undefined can cause a great deal of uncertainty for those you leave behind.

Earnings from debt funds can come either in the form of dividends or capital gains or even both. While dividends are tax free after you have received them, capital gains are taxed post being realised. Here is how you add the capital gains to your tax return filing.

There are two ways in which you may be taxed on gains from your debt funds – dividend tax or capital gains. Read on to know which one of the two is more efficient in your case.

The dominant trend in equity in 2019 has been the opposing move in stock prices within an index. Large cap indices for example have seen gains in prices of the top ten stocks, but losses for all others.

Your net worth is nothing but the combination of your liabilities or loans, your investments and your cash.

While one is cognisant about equity allocation, given its risk profile, often we are not as meticulous in defining our fixed income allocation. However, in order to have an efficient portfolio and maximise gains for your risk level, it is important to identify your fixed income allocation accurately too.

What does it mean to invest in equity? For some it is quick gains in multiples, for others a sure loss of capital. While the outcomes can be either, equity investing is very different from gambling.

In market linked investments like mutual funds not only can you invest at any time, you can also withdraw at any time. This feature begs the question, when should you withdraw? But more importantly, should you withdraw simply because you can?

If loans keep piling on, you will find one day that you are unable to repay with your regular income stream. Getting stuck even with one large sized housing loan can be a bother, if say your job is not secure or you want to change your profession. Unfortunately, loans tie you down and you will realise that only when it is already too late.

As consumption habits get nudged with easy digital access, you need to start thinking about smart ways to control the outflow.

Resolutions are a way to reflect and repair what’s not working. Every individual’s money life must include these three resolutions to kick start 2020 with.

Ultimately, you want a good balance of risk and return from your attempts at a diversified portfolio rather than having a bit of everything. You will know you’re heading in the wrong direction if you’re doing any of the following.