Should frequent portfolio churning by the fund manager worry you? Portfolio Turnover Ratio is calculated as a percentage of sale or purchases of securities (whichever is lesser) made by a mutual fund scheme during a particular period (usually a year) divided by its average assets.
Can your friend be your financial advisor? There is an element of comfort in dealing with friends. “At least, they wouldn’t cheat you” is the usual reasoning. But then, there can be pitfalls as well.
How to save money on your utility bills We need a phone to communicate, internet to browse, electricity to live and gas to cook. In a way, it’s our life line. Expenditure on these utilities can’t be completely done away with. However, by spending smartly we can chop-off the excesses and save for your future.
Don’t ignore Claim Settlement while choosing your term policy Contrary to popular opinion, term policy – that offers pure life cover – is not a ‘commoditized’ product. You need to go beyond the premium to look into its policy features and terms and conditions as well.
How to use budget percentages to meet your financial goals Supposing your budget is off-balance. How do you then figure out which expenses to knock- off the list? This approach will help.
How much should you donate to charity? How much to donate is a personal choice. While you may or may not follow any rules, it is always a good idea to donate, according to your capacity and without stretching your finances.
Should you invest in small cap equity funds at all? You might have an equity fund portfolio comprising of large and multi-cap funds. Does it make sense to top it up with small cap funds as well?
Pack your lunch and save a crore By packing your own food, you save at least 50 percent of the eating costs. A tomato soup that costs Rs 100 at a restaurant can be packed from home by whipping a few tomatoes, which in turn can serve you six times over for the same cost.
Are you on track for a great retirement? Check with this quick rule of thumb When do you plan to retire? The longer you plan to work, the lesser will be the need to save. That’s because your savings will get more time to grow and you will spend fewer years in retirement.
How much should you spend on your holiday? A family vacation is a time to relax, enjoy, and spend quality time with your loved ones. However, not budgeting for it isn’t great for your finances. Here are some guidelines to make sure that all goes according to plan.
Just because a fund is cheap, should you invest in it? Does expense ratio really matter for your mutual fund investments?
Can you afford an organic lifestyle? While it might be a healthier, chemical-free lifestyle to adopt, it is also expensive. The big question is whether you can actually afford it?
