HDFC Life Sanchay Plus is a Non-participating traditional life insurance plan. That means the payouts are guaranteed. There is no market risk or risk associated with varying annual bonuses. You know upfront what you are getting into. Moreover, it is a deferred payout plan i.e. maturity value is paid over a period of time. Let’s find out more about HDFC Life Sanchay Plus and … [Read more...] about Review: HDFC Life Sanchay Plus: The good and the bad
Financial Planning
Things to keep in mind if you have SBI MaxGain Loan
Most of us have to take home loans to purchase a house. Home loans come in multiple variants. One of the popular home loan variants is a Home Saver Loan. A prominent example is the SBI Maxgain Loan product. In this post, I would briefly touch upon how home saver loan products work and what are the things that you must keep in mind if you have already taken such a loan. How … [Read more...] about Things to keep in mind if you have SBI MaxGain Loan
What is Portfolio Rebalancing? How it helps?
You start with a certain asset allocation mix. At regular intervals, you bring your portfolio to original asset allocation mix. Let’s say you have Rs 20 lacs to invest. You have two asset classes Equity and Debt. You invest Rs 10 lacs in Equity and Rs 10 lacs in Debt. Asset allocation of 50:50. During the next 1 year, Equity gives 20% returns while Debt gives 5% … [Read more...] about What is Portfolio Rebalancing? How it helps?
Financial Planning and Investing more
For many of us, when we think about investments, the focus is mostly on returns. Not unfair. Everybody wants adequate reward for the risk taken. However, when you think in terms of financial goals or financial planning, return is not the only part of the equation. Let’s look at the equation for compounding. A = P * (1+r)^n Where P is the amount invested, r is return … [Read more...] about Financial Planning and Investing more
LIC NavJeevan Plan: Why the plan is structured this way?
LIC has recently launched a new participating LIC Navjeevan plan in March 2019. It is a non-linked participating traditional life insurance plan. Regular readers will know that I am not a big fan of traditional life insurance. You get low life coverage and poor returns. By the way, this has nothing to do with LIC. Such plans from private insurers come with similar issues … [Read more...] about LIC NavJeevan Plan: Why the plan is structured this way?
Mutual Funds, ULIPs, NPS, PMS: How is return performance reported?
As investors, we like to compare different investment products while making an investment choice. Most of us compare different products on their returns. We look at 3-year, 5-year, 10-year returns. We look at rolling returns for various horizons. That is good. However, we must also look at the way the performance is reported. You may not get what is reported. In this post, … [Read more...] about Mutual Funds, ULIPs, NPS, PMS: How is return performance reported?
How to invest if you have low risk appetite?
Investors have different levels of risk tolerance. Some don’t bat an eyelid even if their portfolio nosedives by 25-30% while others worry even if their portfolio is down half a percent. The first category of investors are likely experienced investors while the second category have a low level of risk tolerance. How should such investors with low risk appetite or tolerance … [Read more...] about How to invest if you have low risk appetite?
If you are a young investor, volatility can be your friend
If you are new to equity markets, you may have some discomfort with volatility. If you are closer to retirement or you are making a lumpsum investment, this discomfort is quite justified too. You can lose a lot of money and put your financial well-being in danger. However, if you are a young investor, volatility should not concern you too much. Let’s try to understand … [Read more...] about If you are a young investor, volatility can be your friend
Budget 2019: Key Highlights
The Union budget 2019 was presented on Feb 1, 2019. There were some tax sops offered to the middle class. A new pension scheme for the workers in the unorganized sector was launched. There was an announcement of guaranteed basic income for certain section of farmers. So, something for everyone. Here are the highlights. 1. Income tax … [Read more...] about Budget 2019: Key Highlights
Claims Settlement Data of Health Insurance Companies (FY2018): How to interpret?
While selecting an insurance plan, the first filter you apply is on the Claims settlement ratios. Lower the claim settlement for a company, the more you are likely to stay away from the company. IRDA came out with its annual report for FY2017-2018 in January 2019. In this post, let’s look at claims data of health insurance companies for FY2017-2018. Claims Data is presented … [Read more...] about Claims Settlement Data of Health Insurance Companies (FY2018): How to interpret?
