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    Mutual funds Vs ULIPs: What is better for investing in midcaps and smallcaps?

    “If you are investing for the long term, then midcaps and smallcaps are more often than not going to give you better returns. If you are looking for a short-term horizon, then midcaps and small caps can be volatile and can be risky. Sometimes largecaps outperform midcaps and sometimes midcaps outperform smallcaps. But for the long term, the Nifty 500 benchmark can be a better choice where you have all the largecap, midcap and smallcap segments.”

    What planning needs to be done if you want to retire early? Pankaj Mathpal answers

    See, earlier you retire more money you need because, if for example, you retire at the age of 50 and you consider a life expectancy of 90 years, 85 years whatever so it means from 50 to 90 you need to live on that money for next 40 years.

    What the latest EPF rate hike to 8.15% means for you

    The interest rate hike of EPF from 8.1% to 8.15% is in the interest of subscribers, although it is not substantial. Depending on the balance, subscribers will receive an extra rate of interest. However, EPF should not be the only investment instrument, and diversification of portfolio is essential. Comparatively, the interest rate is reasonable, but investing in NPS or mutual funds may help accumulate wealth as they have potential to deliver higher returns.

    Finding Rs 1 crore health insurance cover costly? A Rs 50k voluntary deduction can reduce premium by up to 35%

    If you have a health insurance policy with a low sum insured, you face a big risk. A few years from now, the cost of treatment will, in all probability, be many times higher than your policy coverage. In such cases, you will end up paying the extra cost from your own pocket. On the other hand, if you go for bigger sum insured the premium is high because of which only a few can afford. However, a voluntary deduction can bring down the premium. Here's how it works and whether you should go for it.

    Now, know how your insurance agent is being paid for policy sold to you

    When a policy is sold to you, an insurance agent earns a commission. Also, there are promised rewards that are paid over the commissions for the sales targets achieved by them. The new rule by Irdai could work in the interest of policyholders.

    A new term plan will cost less as insurance firms revise mortality tables

    Today a 30-year-old can purchase a Rs 1 crore cover for between Rs 7,000 and Rs 9,000 from over six private life insurance companies.

    The Economic Times
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