Page 7 - Sanjay Kumar/workspace/business Standard Web/video

Midlife financial planning: Buy deferred annuity plan for assured income

Some portion of retirement savings must also be invested in growth assets and some in liquid ones to meet emergencies

Reversion to mean: Why frequent switching of SIPs should be avoided

Long-term investors should never stop their SIPs during market corrections

The alternative path to riches

Navigating a volatile market can be daunting for the ordinary Joe, while the ultra-rich have access to more exclusive investment options. The Holy Grail of Investing is a guide to bridging this gap

How to handle demands for outstanding dues on credit card that's not yours

Check your credit report, either monthly or quarterly, to stay informed about your credit transactions

Manufacturing funds are hot in markets, but beware of concentration risk

Investors with a long horizon and aggressive risk appetite may consider these funds

Moratorium to refund: Reforms in health insurance you must know about

Be meticulous with disclosures during policy purchase despite lowering of moratorium period

Safety guaranteed: Diversify into g-secs to lower risk in your portfolio

Choose instrument by matching your investment horizon with tenure of the paper

Smart landing: What to keep in mind when investing in real estate

While prices remained stagnant (2015 to 2021), incomes rose, enhancing affordability. This bodes well for the housing sector in a country facing a shortage of 20 million houses

Using private car as a cab can lead to insurance claim rejection

Customers should be mindful of factors that can lead to motor claim rejections and take steps to avoid them

Looking for value housing? Buy in a locality where rental yield exceeds 3%

After three years of price rise, some areas may be growing overheated; proceed with caution

Don't chase past performers in equity markets, build all-weather portfolio

The bottom line: switching strategies does not boost returns

Bet on IT funds to gain from digitisation, generative AI adoption

Limit allocation to 10% of equity portfolio and enter with a five to seven-year horizon

Getting a credit card is easy but closing it needs a checklist of tasks

Get a confirmation letter from issuer confirming closure, ensure it says you have no dues

New mutual fund investors: Set goals and assess your risk profile

Knowing these parameters will allow you to determine the optimal asset allocation, essential for building a portfolio

Check issuer's finances, debt repayment record before investing in bonds

Diversify across bonds with different credit ratings and hold them till maturity

Sector & thematic funds: Prospects, not past returns, should be your guide

Monitor these funds closely and be quick to exit, instead of trying to chase the last rupee

Insurers receptive to covering chronic ailments, declare PEDs honestly

By paying extra premium, you can reduce waiting period for pre-existing conditions to even one day

Door opens for senior citizens to get health insurance: What they should do

Seniors must strike a balance between premium and co-pay; too low a premium could mean high co-pay, which would pinch at the time of claim settlement

Amid varied risk levels, review portfolio before choosing credit risk fund

Only investors with high risk appetite should opt for them; limit allocation to 5-10%

Top-up home loans work best when repaid quickly; avoid overleveraging

Avoid overleveraging or using these funds to finance non-essential lifestyle expenses