I am a 32-year-old female who is looking to secure additional maternity coverage. Unfortunately, my current insurance plan, HDFC Optima Restore, does not include this coverage. My corporate insurance policy has a limit of Rs 50-75,000 depending on the type of delivery, and my husband, who is 30 years old, is in the process of … Read more
In the past, I made it a point to allocate funds equivalent to at least 6-12 months of my expenses as an emergency fund. However, over the last 4 years, there were instances where I only managed to save up to 3-4 months’ worth in a liquid fund or Fixed Deposit. Unfortunately, unforeseen expenses arose, … Read more
Aryan Kochhar, co-founder of financial advice platform FinnFlow, has ignited a social media firestorm with his candid take on managing finances in your 20s. His advice? Living with your parents isn’t a failure—it’s a strategy. “Living with parents in your mid-20s isn’t a ‘failure’—it’s financial wisdom in a world where rent eats 50% of your … Read more
Fixed Depsit rates: In December 2024, several banks, including Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank, and Bank of Maharashtra, changed their fixed deposit interest rates. These changes have implications for the general public’s and senior citizens’ savings. One of the most widely chosen investment options is a fixed deposit, where an individual deposits … Read more
In our traditional society, 60 years used to be considered the standard retirement age. However, in recent times, an increasing number of individuals are challenging this age limit by opting for early retirement. Many experts advocate for the pursuit of financial independence, known as FIRE (Financial Independence, Retire Early), with the goal of retiring much … Read more
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Sergey Chayko/Getty Images Key Takeaways You can earn up to 5.25% APY with today’s top high-yield savings accounts. The Fed is expected to cut rates at this week’s meeting. Now’s the time to take advantage of high rates while they’re still elevated. The Federal Reserve is poised to cut rates at this week’s policy meeting, … Read more
I want to invest ₹50,000 monthly in a mutual fund for my retirement. I aim to accumulate a corpus of ₹8 crores. I can invest for the next 19 years. Please suggest how I can prepare my portfolio and advise me accordingly on where I should invest. Reply by Shivansh Dandona: Head – Investment Management, … Read more
Key takeaways The best savings accounts offer APYs as high as 5.45% — more than 10 times the national average. Savings account interest rates are gradually starting to fall as banks anticipate Federal Reserve rate cuts. You’ll earn the best rates at online banks and credit unions, so be sure to shop around. Want to … Read more
Dear Sir, I have recently started my investment journey. Please let me know if there are any must-haves in the portfolio. Swati Reply by Rajiv Bajaj, Chairman & MD, BajajCapital Five must-have schemes for every person who is planning to lead a disciplined and resilient life full of confidence are: 1. Mutual Fund SIPs (Systematic … Read more