Ready to Take the Next Steps
Whether it is protecting your life as you plan for the future or taking the first step to make your wealth grow, understand what works for you.
An easy and smart guide to managing your household expenses effectively
The global coronavirus pandemic of 2020 has been an eye-opener for many. It has taught us a lot about life’s unpredictability, as also the importance of saving money and making prudent investments. It has arguably made us smarter investors and prepared us for future emergencies, medical or otherwise.
Household budgeting involves a substantial personal finance planning process. Through planning, one can live a comfortable lifestyle, ensure savings and investments, and wealth creation - in other words, enjoy financial planning benefits. Here are some tips to show you how to deal with unexpected expenses, manage daily expenses, and ensure savings.
The working woman today wears many hats. She may have to juggle her work, look after the family, and also run her household. With so many demands on her time, it can be difficult to track and manage household expenses. If this sounds like your predicament, here are some useful tips to help you stay on top of your expenses:
Shield yourself and your loved ones with robust insurance planning
So you have decided to begin your financial investment journey - that’s a great start! But how prepared are you for it? Do you know what can help smoothen the road ahead? Before you start investing, here are a few things you need to look into first. After all, investing is simply one component of the entire financial planning process.
Know the process by which mutual fund units can be transferred to beneficiaries on the demise of the unit holder.
In 2020, the Life Insurance Corporation of India issued 21.9 million individual policies, which is just 1.5% out of a population of 1.38 billion people1. Overall India’s life insurance penetration stood at 3.2% as of 20202. A large number of Indians still don’t have insurance, and are missing out on a vital source of protection against emergencies and contingencies.
Save & Invest
Save and invest for your secure future
The first thing you'll probably ask yourself when you're ready to buy a house is, "How much can I afford?" To answer this question, you must consider specific financial planning criteria.
When it comes to investment, diversification is important. The more diversified your portfolio, the more scope you have to earn healthy returns and mitigate risk. Global mutual fund schemes are one of the most effective ways to diversify your portfolio. Let’s take a look at some of the major benefits of global or international mutual fund schemes for investors:
Life is a rollercoaster, and most big life events have significant financial implications – so it’s important to be prepared. Maybe you can’t foresee everything, but these are the eight big life events you should definitely consider when making a financial plan.