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Points you must consider before applying for instant online loans

It's best to stay away from instant online loans; there could also be hefty pre-payment penalties

How to detect debt trap and exit it before it hurts your credit score

It is unwise to hang on to assets even as your liabilities keep growing due to high interest charges

Use real-life lessons to teach kids about savings and investments

A child should understand that earning money is essential

Group life insurance with home loan: Things you should always keep in mind

To lure a loan borrower to also buy an insurance product at one go, the lender may offer a slight discount on the interest rate. Should that lure you to purchase the bundled arrangement?

Tax treatment of bonds is complex, do not overlook it while investing

If it is a long-term bond, take the option of paying tax on accrual basis

Credit card application rejected? You can get one against a fixed deposit

One advantage of a secured credit card is that you get an opportunity to build your credit score

Availing home loan? How to get the right deal for your property purchase

Apart from checks on property and loan eligibility, ensure you have a good credit score before choosing between fixed and floating rates; you might also be eligible for the govt's subsidy scheme

Supplement your health insurance policy with a cash benefit plan

These plans can, at a low cost, help you meet out-of-pocket expenses

Want to invest in equities? Keep emotions out with balanced advantage funds

Balanced advantage funds are a good option for investors who wish to capture the wealth creation opportunities of equities, while benefiting from the stability of debt

Spread your risk by investing in NCDs; go for issues rated AA and above

Unlike bank FDs that are considered risk-free investments, NCDs do carry a certain amount of risk

Planning to invest in mutual funds? Avoid these common mistakes

In fact, equity mutual fund investors should exploit such opportunities by topping up their existing SIPs with fresh lumpsum investments in a staggered manner

Plan to buy term insurance? Choose from multiple claim settlement options

Opt for lumpsum payment if you have liabilities. Staggered payout can provide regular income to the family

Excessively diversified portfolio will never give extraordinary returns

Diversifying too much may reduce risk, but it also hurts returns

Banking and PSU debt funds are the best alternative to bank fixed deposits

Their annual returns are slightly over 8% and can be a good choice for risk-averse investors

Instant loans could hit your borrowing capacity for a bigger loan

Instant money could come in the form of personal loans, bridge loans, loan against a credit card, or maybe a 'payday loan' where repayment is made when your next salary is credited

Don't invest more than 80C limit­­ in equity-linked savings schemes

Since the scheme has a lock-in period of three years, any additional investment in equities should be done through open-end funds

Besides life and health, here're some must-have insurance policies

Having adequate insurance protection against the exigencies of life may be one of the wisest decisions you can take for a financially secure future

2019 elections may keep markets nervous, bet on short- and medium-term debt

Investors should consider significant exposure to fixed income securities for capital preservation, which could be debt mutual funds, banks fixed deposits or high-rated corporate debt instruments

Systematic investment in gold a good option for a likely volatile 2019

The World Gold Council (WGC) feels that factors that drove gold in the second half of 2018 would continue to hold sway over the market in 2019