Page 28 - Sanjay Kumar Singh/workspace/business Standard Web/undefined

FASTag may be made mandatory for buying third-party insurance from April

The ministry also proposes to make FASTags mandatory for vehicles sold before December 2017

Renewing motor policy on time is more cost-effective and hassle-free option

If you let it lapse and renew later, you will lose out completely on the no-claim bonus

Shift to e-DIS method to keep securities in your demat acccount safe

This will ensure that you don't have to give power of attorney to your broker and yet do not lose out on convenience

Are you in financial trouble? Ask your bank to restructure your loan asap

Take your repayment capability and the extra interest cost involved when choosing a restructuring option

Invest directly only if you can pick stocks with good earnings potential

Retail investors may get fingers burnt by aggresively buying small-, mid-caps stocks

Gold: Enter now if you can hold for 7-8 years, maintain allocation

New investors should also minimise entry cost by purchasing on corrections

Don't follow the herd: Make buy-sell decisions based on asset allocation

Those who have goals coming up in the near term should book profits in equity MFs

Investors need to be wary of overpaying as stock returns are mediocre

At a time when the index appears expensive, a stock-specific approach will serve you well

Why smart-beta funds should be a part of your satellite portfolio

These products, however, carry higher risk than a pure passive fund

Pay higher percentage of vehicle cost upfront to get loan in pandemic

A low EMI to take-home income ratio will also improve your chances of getting a loan

Persuading without coercion

Instead of pressing harder on the accelerator, Mr Berger advises removing the parking brake and wheel chocks

New to investing? Bet only a small part of your surplus directly in stocks

The bulk of your money should be invested via mutual funds and low-cost passive funds

Protection stocks offer opportunity; opt for insurance and gold finance cos

Quality stocks in banking and financial services sector are still available at attractive valuations

Investment in sovereign-backed bonds: Be prepared for rate changes

You can invest as much as you like in these bonds, but they are subject to rate changes

Planning to buy term insurance? Purchase before premium rises again

Ignoring it isn't an option for those who have liabilities or dependants

Interest rates to processing fee, RBI brings relief for loan app borrowers

The new rule book should bring down interest rates and improve recovery methods

Planning to invest? Don't rely only on gold-silver ratio, say analysts

Take into account the fundamental factors driving demand before deciding to shift from gold to silver

Sudden spike in bond yield amid coronavirus outbreak signals trouble

Also, watch out for a company raising money at a very high rate of interest

Opt for monthly payment of term premiums as insurers get set to hike rates

Some insurers have already started increasing premiums, and others are expected to do so in the next six months

Covid-19 outbreak: Update insurance, tax and KYCs amid lockdown 4.0

Utilise the relaxed phase to complete unfinished tasks on personal finance agenda