Page 7 - Financial Planning

Buy zero-cost term plan if you are keen on a return, say experts

If not, stick to a plain-vanilla plan and invest the surplus in mutual funds

Federalism of Constitution must be upheld in financial matters: Kerala CM

Federalism is the foundation of the Indian Constitution as well as the basis of the country's existence and therefore, it should be kept in mind while moving forward, Kerala CM Pinarayi Vijayan said

Zero-fee financial services can prove to be expensive

It is tempting to use zero-fee services paid for by other, financially less literate clients. But none of us is completely immune to being conned

Financial freedom for Indians: What it means and how to achieve it

Three experts explain how planning and patience can you give the cushion of savings, investments, and cash on hand

Fractional platforms lower barrier for investing in commercial realty

It is a relatively new avenue though and carries high concentration risk

Run numbers, you may have enough to quit

Truth be told, it is one of our profession's greatest pleasures to see the exhilaration on a client's face when he realises he can break free anytime he wants

Opting for presumptive tax reduces burden on freelancers: Experts

They don't have to maintain books of account or get them audited

RBI should come up with on-tap licences for UCBs, says Satish Marathe

The revised guidelines on UCB proposed a four-tiered regulatory framework with differentiated regulatory prescriptions aimed at strengthening the financial soundness of the existing UCB

Professional advice helps: Top 10 myths about financial planning

It is wrong to believe that those knowledgeable about personal finance should not engage with a Registered Investment Adviser

Maximising returns can harm financial health

Investments should carry a statutory warning: "Any attempt to maximise returns can be injurious to financial health"

Raise your equity allocation to beat retirement blues, say experts

Keep in mind risk appetite and investment horizon permit

After market's fall from peak, it's time to review your portfolio: Experts

With interest rates on home loans on the upswing, plan for prepayments

Curb downside risk amid market correction with dividend yield funds

But limit exposure as they can lag behind growth-oriented peers

Use Section 89 (1) to reduce tax burden arising from arrears: Experts

To avail of this relief, you must file Form 10E before submitting income-tax return

Have three-year horizon? Hold on to a corporate bond fund, say experts

Consider investing in target maturity funds and corporate FDs

Youth turn smarter on financial planning amid Covid, but gaps remain: Study

They need hand-holding on life and health insurance, and should not lean on social media influencers, who are often neither qualified nor regulated, say experts

Planning a holiday? Tips on saving up for travel in a post-Covid world

Get a fix on your budget first; Then check the investment avenues that will help you cope with inflation and currency fluctuations between now and the day you eventually fly out

Three top women execs and the challenges they face in their financial lives

Higher life expectancy, inadequate retirement planning and insurance, and risk aversion are some of the key issues they feel Indian women need to address

Choose a financial planner who asks the right questions, says Noel Maye

Look for someone who has the CFP certification. Talk to more than one planner, suggests Maye

Make judicious investment choices when entering NPS and stick to them

While PFRDA will now allow investors to alter their investment choices four times in a financial year, tinkering too frequently may not be advisable except in volatile market conditions