At the age of 20, more than investment, your key asset is time, which will ensure that your money keeps compounding over the years.
Personal Finance
No Inheritance, Savings Or Generational Wealth At 20: Can You Still Create A Rs 5 Crore Portfolio
Sahara Refund Not Received? Understanding Eligibility, Claim Process And Next StepsThe government has launched the CRCS Sahara Refund portal so that depositors can claim their money back.
Before You Sign A Personal Loan Agreement, Watch Out For These 5 Costly MistakesWithout understanding how loans can impact your finances, you can end up being more financially troubled later.
Rs 1.5 Lakh iPhone Or Family Health Insurance? Here’s What Should Come FirstA monthly budget that balances essential expenses, discretionary spending and savings can help people manage their money while working towards long-term financial security.
Gold ETF Inflows Jump 71% MoM To Rs 4,451 Crore In September; More Details InsideThe increase in gold ETF inflows came as the broader mutual fund industry recorded net outflows of Rs 1.33 lakh crore in September, reversing the net inflows of Rs 41,353 crore reported in August.
SIP Inflows Hit Record High Of Rs 32,490 Crore In September: AMFI DataThe mutual fund industry's net assets under management (AUM) stood at Rs 82.64 lakh crore in September, compared with Rs 87.08 lakh crore in August.
Mutual Funds See Big Net Outflow: AMFI Data Shows Rs 1.33 Lakh Crore Withdrawal In SeptemberEquity mutual fund schemes recorded net inflows of Rs 38,307 crore in September, up around 31% from Rs 29,329 crore in August. SIP contribution during the month stood at a record high of Rs 32,490 crore.
- Pay Off Your Loan Early Or Invest Instead: What Is The Smarter Financial Move?
As a borrower, you must understand that the key lies in understanding the balance between reducing debt and growing your savings.
Lifestyle Inflation: Are Weekly Dineout Plans Hurting Your Wallets More Than Big Splurges?With almost everything available at just a few clicks, it is easy to lose track of your spending, but this can be an expensive habit.
CTC vs In-Hand Pay, PF And Gratuity: Decoding Your Salary Slip After New PF NormsNew labour-code wage rules are set to change how companies structure salaries, with a higher share of pay potentially going towards basic wages, PF and gratuity.
Gold Corrects Over 24% From Peak: Should You Consider Gold ETFs?You may consider gold investment if it isn’t already a part of your portfolio since it acts as a diversification tool and typically protects during uncertain economic conditions.
Higher EPF Coverage: Is Your Life Insurance Benefit Still Capped At Rs 7 Lakh?Under the EPFO norms, employees are also offered the Employees' Deposit Linked Insurance (EDLI), a government-mandated term life insurance scheme.