Page 3 - Guide To Personal Finance

Consumption funds: Strong returns await investors who can endure slowdowns

Over the past year, consumption funds yielded returns of 28.6 per cent, lower than PSU (46.4 per cent), pharma (42 per cent), infrastructure (39.1 per cent), and technology (37.8 per cent)

Is NPS Vatsalya retirement scheme for your child too far-fetched an idea?

While the scheme allows you to plan for your child's retirement well after you may be gone, you should focus first on your retirement and kids' education

Health claims rise: Combine base policy, super top-up for high coverage

To combat rising health insurance expenses, an adequate sum insured is essential

Business Cycle Funds: Macro-driven funds that can fall prey to timing risk

Business cycle funds aim to optimise returns by aligning their portfolios with different phases of the economic cycle

Link UPI app to bank account having limited funds; set daily limits

Fraudsters also place fake QR codes over legitimate ones-on parking meters, donation boxes, etc. When users scan them, the payment goes to fraudsters' accounts

Buy more, hold, or sell? Let fundamentals, valuations guide decisions

High valuations are the primary reason behind the correction in mid- and small-cap stocks

Beating insurance mis-selling by banks: Use e-banking, reduce branch visits

Echoing her views, Debasish Panda, chairman of the Insurance Regulatory and Development Authority of India (IRDAI), also underscored growing concerns regarding banks mis-selling insurance products

Investing in ETFs: Ensure low tracking error, alignment with risk appetite

Investors should approach ETFs as long-term investments and avoid frequent trading

Bitcoin rally: Book partial profits, full exit unnecessary unless needed

Institutional interest in cryptocurrencies is up, as is evident from the increased volumes in Bitcoin and Ethereum exchange-traded funds (ETFs)

After recent silver rally, limit exposure to 5%, enter with 7-year horizon

A weaker US dollar and lower Treasury yields have enhanced the appeal of precious metals

Diwali bonus: Splurge, but also repay costly debt, replenish emergency fund

Those without high-cost debt can invest the money to achieve financial goals

Limit small and medium Reit exposure at 5% till they develop track record

SM REITs are for investors looking to diversify

Make your investment portfolio more resilient by adding a quality fund

Investors are shifting from growth and speculative stocks towards quality stocks, which offer predictable earnings and tend to perform well in challenging market conditions

Travel insurance: Get pre-existing ailments covered by paying extra premium

Non-medical coverage includes trip cancellations, curtailments, flight delays, missed connections, and loss of checked-in baggage, passports, and other important documents

Chinese market surge: Experts urge cautious entry amid uncertain recovery

Key measures include reducing baseline interest rates by 20 basis points (bps), mortgage rates by 50 bps, and the reserve ratio by 50 bps

Love bungee jumping? Take accident cover before your next adventure trip

A medical cover may handle medical expenses but does not provide for the temporary or permanent loss of income during the recovery period and after, and expenditures such as travel costs

Festival spending: Maximise rewards with right cards, stick to planned buys

While credit cards have become the preferred payment option for many, this has also raised concerns about overleveraged, particularly during the festive season

Rebalance portfolio by directing SIPs towards underperforming assets

New investors who have picked funds based solely on past performance-primarily mid- and small-cap funds that have outperformed in recent times-should diversify their portfolios

Buy art insurance cover on agreed value basis to avoid claim dispute

Art insurance offers protection against most of the risks like burglary, fire, water damage, accidental damage, terrorism, and many more

Create, register partition deed for legally binding property division

To make the division legally binding, the partition deed must be registered with the relevant authority