Page 2 - Financial Savings

Govt unlikely to choose fiscal profligacy: Elara Capital CEO Raj Bhatt

Bhatt says India stands out globally because of its financial discipline

Policy loan now mandatory in all life insurance savings products: Irdai

Regulator Irdai on Wednesday said the facility of policy loan is now mandatory in all life insurance savings products, enabling policyholders to meet liquidity requirements. Issuing a master circular which consolidates all regulations with regards to life insurance policies, the Insurance Regulatory and Development Authority of India (Irdai) also said the free look period, which provides time to review the policy terms and conditions, is 30 days as against 15 days earlier. The latest master circular follows a similar exercise by the regulator for general insurance policies. "This is an important step in the series of reforms taken up by the insurance regulator with interests of the policyholders at the core. A conducive environment is now facilitated to spur innovation, enhance customer experience and satisfaction," Irdai said. According to the master circular, the facility of partial withdrawal under pension products is allowed enabling the policyholders to meet their specific ...

360 ONE Asset bets big on health care, technology, and financial services

Nath said its secondaries fund is India's first which is addressing a massive, untapped market, building on a strong relevant track record

Equity Savings Funds: Where to invest during volatility as polls approach

Historically, volatility in the Indian stock market tends to increase as elections approach, as reflected by the India VIX Index (VIX) in 2009, 2014, and 2019.

Nuances of household savings

If corporate investment starts rising, pushing the investment rate (as a percentage of GDP) higher, low NFS will be hard to ignore and likely to hamper a balanced surge in growth

Explained: Household savings at 5-year low, MF investments see boom

People are saving less as a proportion of their income but borrowing more to invest in a wider range of financial instruments, including stocks, mutual funds, and insurance products.

Financial planning for 2024, farmhouse luxury: Top personal finance stories

This week we advise on what to do about your money goals and how to plan a getaway investment in the greens

RBI takes steps to curb inoperative bank accounts: Things you should know

The RBI has issued fresh guidelines to reduce the quantum of inoperative bank accounts and unclaimed deposits with focus on tracing customers, and reducing fraud risk. Check all the details

Govt's crackdown on alternative investment funds puts industry on watch

The top seven shadow lenders in the country had invested around $1.35 billion in these so-called AIFs, according to their most recent annual reports

Majority prefer banks deposits to park savings, 21% in gold, says Survey

The affinity of Indians for gold and traditional bank deposits remain unwavering as about 77 per cent of respondents preferred to safeguard their earnings through bank deposits and 21 per cent choose to invest in gold in 2023, according to a survey. The Money9 annual personal finance pulse survey indicated a positive trend in insurance penetration, with over 27 per cent of households holding life insurance policies in 2023, higher from 19 per cent in the 2022 survey. However, a 53 per cent of households still lack health insurance coverage, according to the survey, which is based on responses from over 35,000 households across 20 states. It further said that India's burgeoning stock market is gradually making its way into the pockets of investors, with the percentage of stock market investors surging from a mere 3 per cent to 9 per cent compared to the previous year. Additionally, 10 per cent of Indian families have now embraced mutual fund investments, up from 6 per cent in 2022.

With small & midcaps outperforming, direct more money to largecaps: Experts

Rebalancing by allocating more to an underperformer will help you avoid tax liabilities

Three financial planning mistakes experts make

Your financial plan should not be based on slogans or catchphrases. Instead, keep asking why till you agree with the rationale behind your plan

Savings stagnate for Indians in 2023, MFs pip FDs as top investment choice

Mutual funds are the number one investment choice for Indians, followed by fixed deposits. However, a majority still prefer to park their capital in savings bank accounts.

Changing saving habits

Those were the days of the Harshad Mehta scam. IPOs were oversubscribed by a large margin and getting allotment was like winning a lottery

In charts: It takes 15 months to build an emergency fund 3X your income

Consider exploring advanced wealth-creation strategies, diversify your investments, invest and save consistently, and stay informed about emerging financial trends.

Financial savings increased by 14% in absolute terms: RBI deputy guv Patra

Patra also mentioned that households are shifting from financial savings to physical savings

Statsguru: Six charts explain the cost of lower financial savings

Households are said to have borrowed more to increase consumption

Savings puzzle: Does the fall in financial savings show household distress?

The finance ministry thinks otherwise

Savings declined but resulted in rise in assets: SBI chief economist

Recovery in real estate, rise in property prices attracted savings

Why you should ditch the ULIP for a Term Insurance plus equity mutual fund

Most ULIPs show very high returns, which is the selling point. But they don't share that these returns are calculated without any charges.