#personal finance


 

Five questions to ask your mutual fund distributor

Mutual fund distributors are intermediaries between investors and mutual fund (MF) houses. They earn a commission from the fund house for selling MF schemes to retail investors.  Mutual fund distributors must understand investors’ financial requirements to suggest the most suitable schemes. Investors must also ask the right questions to determine whether the distributor has higher […]

co-founder and CEO of AssetPlus
2
16 May 2024
 

Investing is a problem that has been solved

“Investing is a problem that has been solved.” Dave Nadig, a veteran of the US ETF industry, said this on a podcast, and it has been stuck in my head ever since. I remembered this quote because I saw this poll on Twitter (Umm… X. What sort of name is that?). I’ve been thinking and […]

Financial analyst and researcher at Zerodha
2
22 Feb 2024
 

What is a credit score, and why is it important for you?

As soon as you get your first credit card or open a bank account, you start hearing people preach about credit scores. And, if you have chosen to be blissfully unaware, here’s a simple explanation.  A credit score is a three-digit number between 300 and 900 that defines your creditworthiness; the lower levels reflect low, […]

Business Analyst at Zerodha
0
20 Feb 2024
 

Cashless claim facility at any hospital, with no network limitations

You would have likely heard about it from someone or experienced it yourself: a medical emergency strikes, and you rush to the nearest hospital, only to discover your insurer’s network does not cover it. Dealing with upfront payments and waiting for reimbursements can be stressful. To ease the financial burden and speed up the claims […]

Personal Finance, Varsity
0
08 Feb 2024
 

Can I stop paying for insurance if I have saved enough?

Can I stop paying insurance premiums if my savings match the coverage of my life and health policies? The purpose of life insurance is to make good the financial loss that a person would suffer if the earning member of the family passes away. We could bucket this financial loss into three major categories. Any […]

0
03 Feb 2024
 

Writing a Will Vs Nomination

Wills and Nominations, both vital legal instruments, play distinct roles in shaping the allocation of an individual’s assets after their demise. These tools, though aligned in their ultimate goal of asset distribution, comprise unique characteristics within the realm of estate planning and so are often used interchangeably. But, the law identifies their purpose, object, and consequence, and hence, it is important to know the distinction.

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31 Jan 2024
 

Know the incentives of those selling you a financial product

“There is no such thing as a free lunch.” You may have heard this famous quote emphasizing the idea that you cannot get something for nothing. This is particularly true when it comes to selling financial products. People could have an agenda and/or an incentive to sell or not to sell a particular financial product to you.

Personal Finance, Varsity
0
26 Jan 2024
 

Old vs New tax regime: Which one is better for you?

In the year 2020, the government introduced a new tax regime under which taxpayers can choose to pay tax at lower rates. In this article, we compare old and new tax regimes, and help you understand which one could be more beneficial for you by discussing the differences in tax rates, deductions, and exemptions.

Personal Finance, Varsity
0
27 Dec 2023
 

The Dark Side of the Big Fat Indian Wedding

Beti ki shadi se bada baap ka kya farz hota hai? A father’s biggest duty is his daughter’s wedding. Two fathers, one spending ₹2.5 Cr and the other spending ₹6 lacs on their respective daughters’ weddings, make this statement in an episode of Made in Heaven on Prime Video. The show is about big fat […]

Content, Zerodha Varsity
0
21 Nov 2023
 

Are you mixing insurance and investments? Here’s what you need to know

Keanu Reeves, a Canadian actor and the lead actor in the movie ‘The Matrix,’ was once asked in an interview, “What do you think happens when we die?” His response touched everyone emotionally for a moment – he said, “I know that the ones who love us will miss us.” Now, imagine if that person […]

Personal Finance, Varsity
0
26 Oct 2023
 

RBI’s new rules ensure faster release of property documents for borrowers

If you have a home loan or a loan against any property/security, then you have a reason to smile. RBI, on September 13, 2023, came out with a notification stating that banks and NBFCs (non-banking financial company) must release all the movable or immovable property documents given as collateral within 30 days from the day […]

Personal Finance, Varsity
0
18 Sep 2023
 

The compounding effect is not linear!

The Nifty 50 Total Returns Index (TRI) delivered a 10.36% CAGR between Mar-08 and Mar-23. ₹1 lakh invested in Mar-08 would have become ₹4.4 lakh in the 15 years through Mar-23. Does that mean, at a 10.36% compounded rate, your investment in Nifty 50 would have grown steadily year after year? Meaning, would your INR […]

Content, Zerodha Varsity
0
18 Sep 2023
 

A life well lived

  One of my pet peeves with personal finance books is that investing gets all the attention. It’s not that investing isn’t an important part of personal finance, but beyond a point, it’s a giant distraction. There are bigger personal finance priorities than investing. Unless you’re an investing professional, spending more than a couple of […]

Financial analyst and researcher at Zerodha
5
05 Jun 2023
 

How to survive a bear market? 

The financial media tells me that the US Federal Reserve and the RBI will soon raise interest rates because inflation is out of control. If inflation is hot, interest rates rise, and the Fed stops printing money, liquidity will dry up, and the markets will apparently crash between 50-80%. According to the “experts”, the target […]

Financial analyst and researcher at Zerodha
24
14 Feb 2022
 

Coin newsletter #4: Everybody is having fun

If you ignore the brutal bear market over the last one month, we’re still in a raging bull market. A lot of people think that the markets are in a bubble. I don’t know. I guess nobody knows. Talk of bubbles always reminds me of this tongue in cheek quote by Eddy Elfenbein: A bubble […]

Financial analyst and researcher at Zerodha
0
15 Dec 2021