I have a three-year old daughter. I want to start investing for her education (for 15-18 years). Over the last few months, mutual fund houses have launched child plans.

Investing: Rishi Nathany

Business Standard

Ploughing back surplus cash into business can derail one&rsquo;s personal financial plan.

Building personal assets beyond  business 

The principle works only for long-term investors of non-equity schemes.

When higher taxes mean higher earnings

The demand for products offered by the New Pension Scheme (NPS) was likely to outpace the demand for pension products of insurance companies, said Yogesh Agarwal, chairman of the Pension Fund Regulatory and Development Authority (PFRDA).

NPS to outpace pension schemes of insurance firms, says PFRDA chief

For your wealth to grow and take care of you, use the right strategy.

Don't depend on your luck

State Bank of India (SBI) will discontinue its teaser home loan schemes from the end of this month. The interest rates offered on its home loans will now be replaced by floating interest rate schemes, which are comparable with those offered by other commercial banks and housing finance companies.

SBI home loans are cheaper even without teaser rates

Akshay Tritiya could be a good reason to invest. Purchase jewellery only for immediate consumption.

Buy small portions of gold

A stock split is re-proportioning of the face value of a stock in a ratio determined by the company. So, if a stock with the face value of Rs 10 is split in the ratio of 2:1, its face value would be Rs 5 per share, post the split. Effectively, its price will also change. If the price of the stock prior to the split was Rs 400, it will now be Rs 200 per share.

What is a stock split?

Three years before, I bought a pension plan (with a life cover) from a private life insurer.

Life Insurance: Deepak Sood

State Bank of India (SBI) Chairman Pratip Chaudhuri on Tuesday said a rise in policy rates by the Reserve Bank of India (RBI) may not immediately lead to a rise in the bank&rsquo;s interest rates. &ldquo;We are not contemplating an immediate rise as of now. If there is a rise of 25 basis points in the monetary policy, it would not hit us immediately...normally, we keep money with RBI. So, if there is a rise, we would be the beneficiary,&rdquo; he said.

SBI may not raise rates immediately: Chaudhuri

Invest 10 per cent of your investment portfolio in consumer-based, largecap stocks.

Volatile markets? Consumption stocks will yield better

Don&rsquo;t ignore tax concerns and possible legal hassles before opting for these.

Joint accounts bring separate problems

Every Mumbaikar&rsquo;s grouse is that he/she missed a chance of becoming a millionaire. &ldquo;Ten years back, I was offered this flat in Bandra (or any area) for Rs 30 lakh only. But I thought it was too expensive. Today, it costs Rs 5 crore,&rdquo; is the common angst.

Let's not buy houses

When you buy a life insurance policy, the insurer levies a charge for the insurance protection upon death and to cover certain other expenses. This is known as mortality charge.

What is a mortality charge?

Indian efforts to boost energy production by pushing for civilian nuclear power in a big way is likely to slow down in the aftermath of the nuclear accident at the quake-stricken Fukushima reactor in Japan, a top US official has said.

Indian N-power push to slow down post-Japan disaster: US

Press Trust of India

The midcap segment has outperformed the broader equity market indices, giving most retail investors an opportunity to make quick bucks. However, picking up these stocks blindly could result in losses, warn market men.

Testing the midcap mettle

Carry a judicious mix of cash, travellers&rsquo; cheques, debit/credit cards and prepaid cards.

How to pay when travelling abroad

Switches are options given to policyholders of Ulips to move their investments from one fund to another, within one plan. You can transfer units fully or partially between fund options &mdash; equity, debt and equity to debt.

What are switches in unit-linked insurance plans (Ulips)?

The claim for such a vehicle has to be made in the same way as any other claim. The owner must ensure that the theft is intimated to the insurance company immediately. Post intimation, the insurance company will carry out a survey and accordingly allow repairs.

General Insurance: Gaurav Garg

Strategy not best suited for retail investors, who may not be able to cap the downside risks.

Pair your gains in volatile times

There are instances when a consumer changes his/her mind and terminates a contract, despite there being no deficiency in service on the part of the trader or service provider. Some agreements stipulate a penalty for such breach.

Consumers reneging on a contract have to pay a penalty

Personal Finance: Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

Personal Finance: Investing, Planning, Retirement, Loans, & Insurance | Business Standard

Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

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