Articles for Your Financial Goals

Choosing the Right Type of Personal Loan for You
1 week, 4 days ago

Choosing the Right Type of Personal Loan for You

Live Mint  

Among the diverse financial products available today, personal loans stand out as a flexible and accessible option for individuals looking to meet their financial needs. Whether it's consolidating debt, funding a wedding, or managing unexpected medical expenses, personal loans can be the bridge to achieving your financial goals. Types of Personal Loans Understanding the different personal loan types can help …

Personal Expenses Financial Credit Personal Loans Loans Loan
Decode mutual funds: Your path to financial success revealed!
1 week, 6 days ago

Decode mutual funds: Your path to financial success revealed!

India TV News  

Building wealth is a gradual process, but with the right investment avenue, such as mutual funds, your wealth creation journey can become easier and more systematic. Decoding Types of Mutual Funds: Categories and Sub-Categories First, a small primer on what a mutual fund is: it is an investment scheme where an asset management company pools funds from various investors. Following …

India Financial Equity Investment Debt Risk Mutual Funds
How Using a Calculator Can Optimise Your SIP Investment Planning
4 months ago

How Using a Calculator Can Optimise Your SIP Investment Planning

The Hindu  

Systematic Investment Plans are a popular and effective way to invest in mutual funds, allowing investors to build wealth over time through regular, disciplined investments. This tool not only simplifies the investment planning process but also helps to compare mutual funds to choose the best options that align with your financial goals. Setting Realistic Goals By using an SIP calculator, …

Planning Financial Investment Investments Mutual Funds Goals Investors
Looking to take charge of your money? Here are three different budgeting methods you could try
5 months, 2 weeks ago

Looking to take charge of your money? Here are three different budgeting methods you could try

ABC  

With the cost-of-living crisis continuing to bite, many Australians are watching their spending. This might include rent/mortgage, electricity, subscriptions, insurances, school fees, groceries and more Understand what you have and what you owe Create financial goals you're excited about achieving and figure out what that means for the next 12 months Set up bank accounts for your everyday expenses, bills, …

Money Budget Pay Income Budgeting Way James
PM Modi says stock markets will hit record high on 4th June: Should you invest more?
6 months, 3 weeks ago

PM Modi says stock markets will hit record high on 4th June: Should you invest more?

Live Mint  

In an interview given to a business daily, the honourable Prime Minister Narendra Modi said that the stock markets will hit record highs on 4th June 2024. He is confident that on 4th June, the BJP will hit a record number of Lok Sabha seats, and the stock market will also hit new record highs. After listening to the Prime …

India Trend Markets Market Results Financial Election
The ABCs of Banking: Current Account vs. Savings Account – What Sets Them Apart?
7 months ago

The ABCs of Banking: Current Account vs. Savings Account – What Sets Them Apart?

Hindustan Times  

In the realm of banking, two fundamental types of accounts reign supreme: the savings account and the current account. With AU Small Finance Bank, your savings account also serves as an investment solution, allowing you to maximize your financial growth conveniently within a single account. Digital Banking Solutions : Seamlessly manage your savings anytime, anywhere with AU Small Finance Bank's …

Finance Financial Savings Banking Small Business Current Account Funds
Secure Your Future: How Mutual Funds Can Safeguard Your Investments
7 months, 1 week ago

Secure Your Future: How Mutual Funds Can Safeguard Your Investments

Hindustan Times  

Navigating the world of investments can often seem very difficult, where the right tools and knowledge are crucial for maintaining course. Types of Mutual Funds Investors can choose from various types of mutual funds depending on their risk tolerance, investment goals, and time horizon: Equity Funds: These funds invest in stocks and offer high growth potential. Advantages of Mutual Fund …

Financial Investment Investments Potential Risk Mutual Funds Investors
2022 in Review: 7 small financial steps to take for a better 2023
8 months ago

2022 in Review: 7 small financial steps to take for a better 2023

Live Mint  

As 2022 ends, you might consider organising and planning for a better 2023. Look back at your financial history If you want to be prepared for the year ahead, it's good to look back at your financial history. If you think you overspend and want to cut back on your expenses, you can inspect your spending habits by reviewing last …

Expenses Emergency Financial Savings Money Budget Help
Rushing to invest in PPF before April 5? Here's why it may not be a good idea
8 months, 2 weeks ago

Rushing to invest in PPF before April 5? Here's why it may not be a good idea

Live Mint  

Investing in PPF is a good starting point for your investments, but hastily allocating all your savings to it each year or prioritising it over other potentially better investment options could be detrimental in the long run. Compared to the debt-focused PPF, ELSS funds invest in the market, thereby helping to generate wealth from market growth and align with your …

Market Financial Inflation Investment Investments Market Growth Debt Instruments
Here’s how you can avoid some common money mistakes in the New Year
11 months, 1 week ago

Here’s how you can avoid some common money mistakes in the New Year

Live Mint  

While personal finance strategies can vary based on individual circumstances, here are some personal finance mistakes you should try to steer clear of in 2024. Start a retirement plan by investing in mutual funds or pension plans issued by life insurance companies. Learn about different investment options and create a diversified investment portfolio aligned with your financial goals and risk …

Insurance Financial Investment Debt Goals Plan Avoid
What are corporate FDs and how are they different from bank FDs?
1 year ago

What are corporate FDs and how are they different from bank FDs?

Live Mint  

Q. I am a 45-year-old physician working with a government hospital. Corporate FDs usually offer higher interest rates than bank FDs, as they have to compete with banks to attract deposits. Pros of investing in corporate fixed deposits The main advantage of investing in corporate FDs is that they tend to offer higher returns than bank FDs. Cons of investing …

Investing Financial Bank Interest Fixed Deposits Higher Tds
8 ways to plan your finances for a secure and prosperous New Year
1 year ago

8 ways to plan your finances for a secure and prosperous New Year

Live Mint  

As we approach the upcoming New Year, it’s an ideal moment to assess your financial situation and establish goals for the upcoming year. This checklist encompasses: Deciding your financial goals Effective financial planning is essential for successfully navigating various life stages and realizing your financial objectives. Churn your assets for effective portfolio rebalancing Establishing a desired asset allocation and effectively …

Retirement Financial Planning Planning Financial Assets Goals Retirement Planning
Wedding season: 8 key tips for discussing finances with your partner
1 year ago

Wedding season: 8 key tips for discussing finances with your partner

Live Mint  

It’s wedding season, and aspiring couples are eagerly anticipating the most favourable dates in the upcoming days to embark on a lifelong journey together. Define the objectives for the date night—whether it’s reviewing the current budget, discussing financial goals, or making joint decisions about upcoming expenses. Conversations about your financial background and individual experiences foster mutual comprehension of each other’s …

Communication Relationship Financial Collaboration Goals Solutions Your Relationship
Should mutual fund investors raise the amount of SIP along with increase in income? MintGenie explains
1 year, 2 months ago

Should mutual fund investors raise the amount of SIP along with increase in income? MintGenie explains

Live Mint  

Did you recently get an increase in your income? Why should you then raise your SIP now when you are all set to achieve your financial goals without having to do so? On the contrary, they should cap their expenses, and raise investment to achieve financial goals faster, says Sridharan S, a Sebi-registered investment advisor and founder of Wallet Wealth. …

Investment Income Line Increase Raise Your Income Financial Goals
Facing mid-life crisis? Make sure to keep panic selling at bay during your investing journey
1 year, 3 months ago

Facing mid-life crisis? Make sure to keep panic selling at bay during your investing journey

Live Mint  

When you start your investing journey, one of the key things to keep in mind is to remain invested. Oftentimes, investors get carried away with the sudden market fall, resulting in a panic selling. Here are some of the key strategies to help you avoid panic selling during mid-life: Understand panic selling: Panic selling occurs when investors sell their investments …

Market Financial Investment Panic Plan Selling Avoid
How to achieve your financial goals with slow and steady investments?
1 year, 4 months ago

How to achieve your financial goals with slow and steady investments?

Live Mint  

The recent First save, then invest With so many investment products available, it can be difficult to decide what to start with. Some mutual funds also invest in government securities, money market instruments, gold, silver, or REITs/InvITs. Name of the fund Monthly Investment Return Rate Investment Tenure Invested Amount Estimated Value of Returns Total Value of Returns Nippon India Small …

India Stocks Market Investment Investments Risk Mutual Funds
How do you decide when to opt for a home loan transfer? Here are 5 tips
1 year, 4 months ago

How do you decide when to opt for a home loan transfer? Here are 5 tips

Live Mint  

Home loan interest rates are rising again with the recent rate hikes by the US Fed. Higher interest rates often prompt borrowers to seek a home loan transfer wherein they can repay at lower interest rates coupled with a more supportive customer support staff and the hope for better services. Lower interest rates : Transferring your home loan to a …

Financial Transfer Loan Interest Rate Rates Opt
How can “Pay Yourself First” budgeting help you reach your financial goals faster?
1 year, 6 months ago

How can “Pay Yourself First” budgeting help you reach your financial goals faster?

Live Mint  

There are various budgeting methods that you can use to allocate income towards expenses and investments. However, the pay yourself first budgeting method prioritises investments towards financial goals over discretionary expenses. In this article, we will understand the pay yourself first budgeting method, how it differs from other conventional budgeting methods, and how you can follow it to achieve your …

Expenses Financial Investments Pay Budgeting Method Monthly
How long should you stay invested in index funds? This is the answer
1 year, 10 months ago

How long should you stay invested in index funds? This is the answer

Live Mint  

Many mutual fund houses are now coming up with new index fund launches considering more investors are showing interest in passive fund investments. Viral Bhatt, Founder, Money Mantra, said, “Parking money in index funds can provide several benefits to investors, including: Diversification : Index funds provide broad market exposure by investing in a basket of stocks that track a specific …

Performance Investment Investments Index Goals Investors Fund
Your Questions Answered: How to reach your financial goals, build an emergency fund and much more
2 years, 2 months ago

Your Questions Answered: How to reach your financial goals, build an emergency fund and much more

Live Mint  

My income is predictable. Your financial advisor is in the best position to understand your needs and to recommend a suitable fund that also matches your risk profile. A financial plan helps you zero in on what you want to accomplish—for example, buy a home, take annual vacations abroad, or retire early. As your financial goals evolve over time, your …

Policy Trust Emergency Inflation Money Income Plan
This is why you should map your investments to the specific financial goals
2 years, 3 months ago

This is why you should map your investments to the specific financial goals

Live Mint  

The market has been titillating in a range making it difficult for investors to decide their next move. The choice of investments is also as per financial goals, which means that those not looking for a nominal corpus amount post-retirement can opt for debt funds and fixed-income plans. The large-cap funds that invest mostly in blue chips involve much lesser …

Market Money Investments Goals Nifty Funds Invest
Will raising my mutual fund SIPs by 15% every year help me achieve my goals?
2 years, 5 months ago

Will raising my mutual fund SIPs by 15% every year help me achieve my goals?

Live Mint  

I have been investing in mutual funds via systematic investment plans for the past 3 years now. I’m currently investing in the following funds through monthly SIPs - ₹7000 each in ICICI Prudential Bluechip Fund, Axis Bluechip Fund, Axis Focused 25 Fund and Aditya Birla Sun Life Tax Relief 96 Fund, Rs. --Name withheld on request Given your current investment …

Investment Goals Funds Cap Portfolio Mutual Fund Your Financial Goals
Do you really need professional help to sort out your personal finances?
2 years, 7 months ago

Do you really need professional help to sort out your personal finances?

Live Mint  

Every time we see someone saving and investing millions, we assume the role of a personal finance manager in the game. A little-to-moderate exposure to risk-free securities, fixed-income instruments and safe-haven assets, including term deposits with a bank, AAA-rated debt instruments with easy terms of premature withdrawals and gold, substantially cushions you from market-wide volatility.” Choosing between investment options If …

Finance Personal Financial Money Investments Mutual Funds Goals
How do you meet your financial goals in the absence of adequate income? Here are 4 ways
2 years, 8 months ago

How do you meet your financial goals in the absence of adequate income? Here are 4 ways

Live Mint  

With the prices of daily essentials soaring up and income being meagre, many people argue how are left with very little amount to save enough for their financial goals. Life Goals Estimated expenses every month Children’s higher education 25,000 Down payment towards the house purchase 1,00,000 Retirement Planning 50,000 This means that you must invest enough to earn at least …

Financial Investment Goals Funds Invest Returns Choose