Budget 2020

Time is money: 10 tips on how to utilise your time to the fullest to enhance your wealth

We know too well that money is precious. However, we usually ignore another precious resource, time. We should value time as much as we value money—wasting it is similar to wasting money. Here are some useful tips on how to utilise your time to the fullest to enhance your wealth. 1. Create a schedule Just […]

Budget 2020

NPS vs PPF investment: Where should you invest to save for your retirement?

Saving for one’s retirement is an extremely crucial financial goal. The best way to save for retirement is to go for long-term small but regular investments. For this, the National Pension System (NPS) and the Public Provident Fund (PPF) are two commonly used products. Here is a look at each of these products in detail […]

Budget 2020

What does ‘turnover’ in the stock market indicate?

1. Market turnover indicates how much trading activity took place on a given business day in the market as a whole or individual stock. 2. Turnover can be represented in two ways, traded value in rupees and traded volume in number of trades. 3. Higher turnover in a stock indicates better liquidity which means that […]

Budget 2020

How mutual fund investors can make the most of MFU’s scheduled transactions facility

Mutual fund investors who use the mutual fund utilities (MFU) platforms can schedule their transactions to purchase, switch or redeem funds. The advantage of this facility is that it allows the unit holders to carry out transactions immediately from the next business day, instead of a lead time of T+15 days with a mutual fund. […]

Budget 2020

Stock-picking guide for a beginner

Young earner Suhani believes that investing in equity would be an excellent way to create wealth. For long-term investors, equity is a good investment even during periods of market volatility — a stock market downturn simply means that many stocks are available at lower prices. As a beginner, she wants to get started by opening […]

Budget 2020

Can’t stick to your household budget? Here are 9 reasons why and how to avoid them

The first step to ensure a smooth financial journey is to have a monthly budget. This seemingly innocuous exercise can be crucial in achieving financial goals, acquiring assets or staying debt-free. Even so, many people find it hard to stick to a budget consistently in the long term. Here are some of the reasons why […]

Budget 2020

How your finances should look in your 40s

Amitesh, a 42-year-old university professor, often looks at a picture of a family trip to the Andamans from a few years ago. To him, it exemplifies what he’s working towards in his retirement: more trips and longlasting happy memories. He and his wife, a former professor and now a technology consultant, started saving when they […]

Budget 2020

What is insurable interest?

1. A person is said to have an insurable interest in something if he would suffer loss or get adversely affected if that property was lost or damaged and would benefit financially from that property’s safety or continued existence. 2. In life insurance, a person has an insurable interest in another person when the death […]