A thread in Quora asked for a list of worst financial mistakes that a person in 20’s can make. The brief answer lists 4 such mistakes. The source of the list is the classic article in ValueResearch Online.Promotion Promotion Buying products only for “saving tax” Waiting for the “right time” to invest Getting high
Pension Plans – Why you should avoid them in India
While it is an unfortunate fact that not many Indians plan for their retirement, there is a more worrisome fact. Even among the few who do plan their retirement, a large majority do it the wrong way by choosing one of the various pension plans. In this short article, we see the major disadvantages of
Calculators for SIP – Choose the ‘Step-Up’ option
Systematic Investment Plan (SIP) is growing in popularity every month. A good percentage of mutual fund inflows is through SIPs. A large number of calculators exist to help one with planning a SIP. Most calculators miss the most critical input – the projected increase in investment amount. In this article we look at the importance
Mutual Fund NFOs – Why you should stay away
New Fund Offer (NFO) is done by a mutual fund house when they launch a new scheme/fund. Investopedia describes NFO this way: Promotion Promotion What is a ‘New Fund Offer – NFO’ A new fund offer (NFO) is the first subscription offering for any new fund offered by an investment company. A new fund offer occurs when
LIC Jeevan Shanti Annuity – Should You Buy
Often, new products from LIC are widely promoted. This has been the case with the new Single Premium Annuity Plan – Jeevan Shanti. This is billed as a non-participating, non linked plan – which has to be the case with annuity plans. A key feature of the plan is the deferred annuity option. In this
Annuity Plans – What, Why, and Why Bother
Summary An ‘Annuity’ is a (financial) product that provides a steady, periodic income, over many years, to the buyer. This part of annuity makes it similar to a pension. Probably due to this, annuity plans are popular in India. In this short article we consider the factors of annuity and look at who it is