Learn about Financial Planning

While both of them facilitate wealth management for you, they differ in their workings.

Riders are add-ons that provide additional cover over and above the basic life cover of your term policy. They are optional and come into force on the occurrence of a specified event.

A basic home insurance provides a cover against damages to the structure of your house. It includes fixtures and fittings that are permanently part of the home structure.

Paying taxes is a civic duty you can’t escape, but it helps to know how you can take advantage of the most efficient taxation when it comes to your investment growth.

If you are already past your professional prime, you may be worried about gaps in your retirement kitty. If you don’t want to compromise on your preparedness for your financial future, begin by focusing on these three aspects.

Spring-cleaning your MF portfolio is a step-by-step process that is tied to your financial goals

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

Each individual will have their own solution to achieve this distance between emotion and decision, but there are some standard measures you can take to ensure a good start.

Your two options are either to reduce the amount required for the goal and secure it now in a stable return investment or you can extend the time for achieving the goal.

If one is at the cusp of retirement, the latest market correction can be unnerving. Depending on the exposure to equities, one’s retirement portfolio could have been down by 25 per cent or more.

Since April 2016, interest rates of small saving schemes have been linked to the market rate (yields of government bonds) and adjusted every quarter. And with yields of government bonds currently quoting at multi-year lows, interest rates on small saving schemes have also dropped to record low levels.

In uncertain times, the volatility increases and the swings are large. The common investor can find this stressful and confusing. In times like these, your asset allocation can be a major contributor to your stress levels or can help with reducing it.