Investing in mutual funds: The stock market is experiencing a significant correction, especially in the small and mid-cap segment, commonly referred to as SMIDs. Many investors who had enjoyed substantial gains in these areas were taken by surprise as prices took a sharp downturn. The BSE Small-cap and Mid-cap Indices have seen notable decreases, with … Read more
I am a 40-year-old salaried individual earning a monthly salary of Rs 2.75 lakh, while my wife brings home Rs 1.35 lakh per month. She manages our household expenses, allowing me to focus on saving and investing for our future. My current plan involves allocating Rs 1.5 lakh per month towards SIP investments with the … Read more
During a period of heightened concern among investors regarding the fluctuating Indian equity market, numerous experts are recommending continued investment in SIPs for long-term wealth accumulation and crorepati goals. According to Securities and Exchange Board of India Chairperson Madhabi Puri Buch, there is no better time than the present to consider investing in SIPs. Buch, … Read more
My bank Relationship Manager recently reached out to discuss the option of opting for a reduced Equated Monthly Installment (EMI) for my loan. While I appreciate the potential savings that come with a lower EMI, I am seeking your expert advice on the matter. Would you recommend maintaining my current EMI amount to expedite the … Read more
Crorepati goals: I recently turned 34 years old and updated my financial numbers as of December 31, 2024. My wife, who is 32 years old, and I have reached a portfolio value of over 55 Lakhs. Here is the breakdown: Mutual Funds: Rs 19 Lakhs Stocks: Rs 19.75 Lakhs Provident Fund: Rs 12.25 Lakhs National Pension … Read more
I am 38 years old and part of a family of three, which includes my 35-year-old wife and our 5-month-old son. I do not have any dependents. My current asset allocation is as follows: 75% in Equity, 20% in PF, and 5% in Gold. Additionally, I own an ancestral house in Pune. My monthly expenses … Read more
Awareness regarding retirement planning is on the rise in urban India as more individuals are recognizing the importance of starting early. For those seeking to maximise their returns, transferring funds from an Employee Provident Fund (EPF) account to a National Pension System (NPS) account could prove to be a game-changing decision. While transferring funds from … Read more
The Securities and Exchange Board of India (Sebi) has decided to implement timelines for the utilization of funds raised through New Fund Offers (NFOs) by asset management companies (AMCs) and has relaxed regulations regarding the alignment of interests between AMC employees and unitholders. Additionally, Sebi has mandated the disclosure of stress testing for all mutual … Read more
In any year, investment in gold and silver always draws your attention. As we near the new year 2025, gold and silver remain top investment options amidst the persistent global economic and political uncertainty. The continuous gold purchases by central banks, notably China, along with anticipated rate reductions by the Federal Reserve, point towards a … Read more
NPS update: The National Pension Scheme (NPS) Vatsalya, introduced on September 18, is a pension plan designed for parents to initiate for their children. The scheme has gained traction, attracting 66,495 subscribers as of November 17, as confirmed by Minister of State for Finance Pankaj Chaudhary. Among the states, Maharashtra leads with 9,219 accounts, followed … Read more