Personal Finance Print

Stock Market Investment: Buying stocks? Know limit order vs market order

If completing a trade is essential, then a market order is the ideal one. But if buying a share at a specific price is a deciding factor, then a limit order is the perfect one.

YOUR MONEY: No customer stickiness: Both policyholders & insurers hurt by mis-selling

According to the latest annual report of IRDAI, renewal premiums consisted of only 54.75% of the total premiums received. This is abysmally low given the fact that the average premium paying term of a

YOUR QUERIES: INCOME TAX: Senior citizens can claim tax deduction on medical expenses up to Rs 50,000

According to Section 80D of the Income Tax Act, senior citizens may avail a deduction of up to Rs 50,000 for payment of premium towards medical insurance policy.

Mutual funds: Six kinds of hybrid funds: Know what’s best for you

Bucketed based on the asset class allocation and risk-factor, each type of hybrid fund has a different investment style and purpose. Assess each type to pick the right one for your portfolio

National Pension Scheme: Penny drop to validate NPS subscriber details

PFRDA’s initiative will ensure timely credit of money and additional due diligence to identify the rightful beneficiary

Your Money: Making most of volatility with balanced advantage fund

Balanced advantage funds aim to limit the downside and optimise the potential upside in a volatile market

Your Money: Gold prices range-bound in near term

Avoid going overboard and gradually build and maintain a 10-15% exposure to the strategic asset class

Equity Investing: Thematic can offer a targeted approach

Thematic investing benefits investors by capturing higher sources of growth, as being on the right side of growth and disruption is critical for long-term returns

Your Queries: Mutual Funds – Choose aggressive or conservative hybrid funds basis your risk appetite

The extent of equity exposure in any hybrid fund depends on the category to which it belongs. Investors can choose from conserv-ative hybrid funds (equity allocation can range from 10-25%) to aggressi

Unclaimed Investor Money: Where it ends up and how to get it back

As per the data available in the public domain, more than Rs 82,000 crore of investors’ wealth is lying unclaimed in neglected and lost investments.

Low credit score? Six tips to get a home loan yet

Try to improve your credit score even if you get a loan with a higher rate at the beginning so that the risk premium gradually gets lowered during the course of the loan

Your Queries – Loans: Top-up home loan: Use the money on that property only to get tax benefit

A top-up home loan is eligible for tax benefits under Section 80C and Section 24 if it has been utilised for acquisition/ construction of residential property or renovation of the said property.

Your Money: Invest for long term in mutual funds to gain higher returns, reduce exit load

There are also what are known as no-load funds which do not use a sales force or a distributor to sell their products.

Smart Investments: Know how style investing works to your benefit

Style investing generally produces a lifecycle of investment styles. So, investors should not look at the frequency, average gain or size in isolation but rather consider frequency and size of gains t

Your Money: Know why value investing has become popular again

The inherent margin of safety approach is what makes value investing relatively less subject to downside risks

Mutual funds: Common platform for MF transactions soon

Initially, the Sebi proposed platform will do all types of non-financial transactions. Later, it may allow purchase, switch and sale of MF units

Mind Over Medal: Shining the spotlight on mental health issues among athletes

Athletes push their limits every day to become better, but it comes at an immense cost. American gymnast Simone Biles pulling out of the team final at the Olympics, following Naomi Osaka’s withdrawa

Life Insurance: Data analytics for customised solutions

Insurers will have to become digitally adept and offer customised solutions that are relevant to millennials’ specific life stages and savings-cum-protection asks

Your Money: Eight steps to walk the financial independence path

The greater the gap between earnings and spending, the faster the net worth grows

Aadhaar & mobile can be used effectively for pension, insurance services: UIDAI CEO Saurabh Garg

Your Queries: Loans – If PMAY subsidy loss less than gain on rate cut, go for balance transfer

There is no established timeline for the release of the PMAY subsidy. You will have to wait it out. Check if the floating interest rate applicable to you (sanction letter) is linked to the repo rate.

Financial Planning: Women also need to plan for their retirement

Old age has specific implications for women as they often outlive men, devote less time in the workforce and participate in less-paid jobs

Your Money: Fixed income investors need to look at liquid funds now

The market witnessed a broad-based selling, seen across the maturity curve. Even the 10-year benchmark government bond, which was tightly held around 6% by the RBI, broke out of its shell.