Personal Finance

From buying medical insurance to building an emergency fund, there are several steps Gen Z must consider.

Given mutual funds' track record to deliver higher returns than many traditional assets, they are ideal even for durations such as 10 years.

With the power of Systematic Investment Plans (SIPs), even a modest Rs 10,000 a month can potentially grow into Rs 1 crore.

In the current volatile time for the equity markets, it makes sense to step up SIPs and not discontinue or stop them. Read on to know how stopping SIPs is a costly mistake and why stepping up SIPs makes sense.

With the power of compounding, you can still build a substantial corpus of Rs 56 crore by age 60.

When you have multiple repayments, you need a strategy.

Many Indian banks offer higher interest rates on fixed deposits for senior citizens compared with regular FDs, providing better returns and added financial security.

Helios Capital’s Samir Arora says that taxing interest income and taxing long-term equity gains are different.

To make tax-saving investments, ELSS or tax-saver mutual funds are a potent avenue for long-term wealth creation if you select the schemes thoughtfully instead of making an ad hoc choice.

Among the loans against securities, loan against mutual funds has become quite popular. But you need to take care when availing such a loan. Read on

Experts say retirement today needs to be approached not as a short post-work phase, but as a second life that could stretch 30 to 40 years-or even longer.

As first-time users weigh glossy offers and welcome bonuses, experts say the real value lies in matching the card to how you already spend.

The investors story is not about lucky stock picks or perfectly timed exits. Instead, it hinges on staying invested through market ups and downs.

The user emphasised the importance of continuing to invest through the ups and downs of the market.

EPFO is launching its next phase of reforms with a new portal, upgraded backend software and AI-powered tools to provide information in regional languages.

A lump sum, if invested wisely and left untouched for years, could be helpful in building a substantial corpus due to the power of compounding.

For most salaried individuals in India, building a corpus of Rs 25 lakh is a major financial milestone. While the target may sound ambitious, the good news is that with disciplined investing and a long-term horizon, this goal is well within reach.

One of the most effective ways to reach this goal without straining your monthly budget is to opt for a Systematic Investment Plan (SIP).

PFRDA conducted an awareness workshop in collaboration with the West Bengal chapter of the Association of Microfinance Institutions (AMFI), aimed at sensitising microfinance borrowers about the importance of retirement planning, a statement said.

Under this system, a member can generate and activate their UAN on their own by verifying their identity using face authentication. This eliminates the need for employer involvement at the first stage and makes the process quicker and more secure.