Page 6 - Personal Finance

Covid, income fears see shift to single-premium plans. How good are they?

Those buying these plans should bear in mind that gains at maturity may not be tax-free

Weigh your options before going passive on mid- and small-cap equity funds

The majority of active funds still outperform their benchmarks and passive funds don't have a long track record in these two segments

Irdai to start colour coding of individual health plans based on complexity

The regulator has sought comments from all stakeholders on the matter by October 15

Loan restructuring: Who can avail the scheme? All you should know

Loan restructuring scheme is a process used by companies and individuals facing financial distress or on the brink of insolvency to lower/renegotiate their debts

Make most of rupee-cost-averaging in NPS as well, with introduction of SIP

While this will help investors become more disciplined in saving for their retirement, the transaction charge could be a concern for those investing small amounts

Huge relief for home loan borrowers if govt bears part of compound interest

The increase in EMI or tenure will be lesser if the government pays the compound interest

How rolling over credit card balance can jeopardise your financial health

Instead, make use of EMIs and personal loans to repay credit card bills. If your dues are very high, go for secured loans

If your multi-cap fund becomes much riskier after new Sebi rules, exit it

Wait until your fund house communicates a change of mandate before you decide on your course of action

Family matters: Be clear if your employer's group health plan covers them

With a pandemic raging, you must buy your own personal health cover for your family to supplement the group cover

Play safe in small-caps even though the valuations seem attractive

Given their high volatility, conservative investors must limit exposure to 5-10% of equity portfolio

Work actively on improving your credit score to protect your home loan rate

If more lenders hike their risk premium, it will spike the interest rate on your borrowing

Shift to e-DIS method to keep securities in your demat acccount safe

This will ensure that you don't have to give power of attorney to your broker and yet do not lose out on convenience

Lost your credit card? Here are the steps you should take urgently

Time is of importance in the scenario of a credit card loss or theft, so you must act promptly. Take these steps

Under new RIA norms, all your financial needs won't be under one roof

High net worth will ensure only serious people will be in the business of advising clients

Professionals in India now slightly upbeat about income, savings: Survey

Professionals in India are slightly more upbeat now about their income and savings as 1 in 4 respondents expect their earned income and personal spending to increase in the next six months.

Covid-19 crisis: Here's how you can manage your finances after job loss

Those who have been handed the pink slip shouldn't make too many loan queries

PPF, EPF, Sukanya Samriddhi: All you need to know about tax savings schemes

Individuals and HUFs can opt for a new tax regime from FY 2020-21 by giving up about 70 deductions/exemptions

7 personal finance tips to guide you through these unprecedented times

Coming out of these unusual times financially fitter and stronger would require discipline, perseverance, conservancy tricks and fortitude. Here are some handy tips for millennials

Is this a good time to invest in gold bonds? Yes, but do it wisely

The advantages are plenty. There are no hassles such as purity checks, making charges, and locker charges

Avoid banks and NBFCs with high proportion of unsecured and SME loans

Longer-term investors with a three-five-year horizon have an opportunity to pick quality stocks, which in calmer times tend to trade at exorbitant valuations