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Life insurance is a critical tool for financial risk management
Financial planning is not limited to asset allocation, retirement planning, children’s education corpus building, or innumerable scenario analysis. Photo: iStock
Financial planning is not limited to asset allocation, retirement planning, children’s education corpus building, or innumerable scenario analysis. Photo: iStock

How to make a financial plan and stick to it

  • A financial plan can help you be on track and lays down the roadmap for you to achieve your goals. It considers your current financial situation and offers strategies that will help you to accomplish your objectives

Photo: iStock
Photo: iStock
Under current income tax laws, switching in mutual funds attracts capital gains tax (Photo: iStock)
Srinivas Rao Ravuri, CIO-equities, PGIM India Mutual Fund.
Photo: Bloomberg
Photo: Bloomberg

Bitcoin gyrates 10% as crypto market stays volatile

  • The fall came amid the US Senate confirming Janet Yellen as the next Treasury chief. The former Federal Reserve Chairperson had last week commented that cryptocurrencies are used for illegal activities, stoking fears that the Joe Biden administration might crack down on cryptocurrencies.

The minimum entry age to buy this plan will be 40 years and the maximum will be 80 years. (Hemant Mishra/Mint)
IDFC First Bank revises fixed deposit interest rates.
LTCG tax on mutual fund investments differs from one fund type to another—both the definition of the period that qualifies as long term as well as the tax rate that applies. Photo: iStock
LTCG tax on mutual fund investments differs from one fund type to another—both the definition of the period that qualifies as long term as well as the tax rate that applies. Photo: iStock

Returns on my investments

A portfolio must have an ideal mix of financial products Here's a look at how four commonly used asset types—equity, cash, gold and fixed income—have done in different periods

Photo: Mint
According to experts, a high number of schemes drags down the portfolio’s ability to generate excess returns compared to the overall market (alpha)
According to experts, a high number of schemes drags down the portfolio’s ability to generate excess returns compared to the overall market (alpha)

A mutual fund portfolio has to be compact to perform better

  • A high number of schemes drags down the portfolio’s ability to generate excess returns, say experts
  • MF holdings often overlap with one another, leading to the replication of similar portfolios in different schemes

The banking system is shifting faster than ever before to an online-centric mode, making access to local bank branches less consequential and the ability to switch banks far easier
The banking system is shifting faster than ever before to an online-centric mode, making access to local bank branches less consequential and the ability to switch banks far easier

Is switching your savings account a real no-brainer?

The banking system is shifting faster than ever before to an online-centric mode, making access to local bank branches less consequential and the ability to switch banks far easier. Mint unravels the pros and cons of switching your savings account for higher rates.

An accessible emergency fund can help alleviate the need for drastic cuts in spending when facing temporary shocks to your income (Shutterstock)
An accessible emergency fund can help alleviate the need for drastic cuts in spending when facing temporary shocks to your income (Shutterstock)
wsj

15 personal-finance lessons we can all learn from the year of Covid-19

Among them: You really do have to plan for emergencies, and your personal-finance decisions don’t exist in a vacuum

Photo: Reuters
IDFC First Bank card's interest rates start at 9%
Photo: Bloomberg
Photo: Bloomberg

Top-performing hedge funds of 2020

Tiger Global Management placed first in a world hedge-fund ranking and quant powerhouse Renaissance Technologies was ousted, another sign that trading conditions favoured human stock-pickers over algorithms

Photo: iStock
Photo: iStock
Photo: iStock

Building a healthy CIBIL Score

Are you looking to borrow money from your bank or a financial institution? If the answer is yes then prospects of your loan application being accepted or rejected depend on your CIBIL Score

Sarbvir Singh, chief executive officer, Policybazaar
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