Author
As an Editorial Consultant for BW Businessworld, Aniruddha writes independently on investor awareness, correct financial planning & investing practices and the impact of regulatory developments on the personal finance ecosystem. He holds an MBA with distinction from Oxford.
Here's an end note 'formula' to simplify your decision. If you do not plan to draw upon your commuted pension and can invest it for the next 14 years (barring the odd withdrawal here and there), commute it
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From a Financial Planning standpoint, it could make sense to save systematically into more liquid, interest free Financial Assets early on in your life; aiming for a property purchase later - with a larger lump sum down payment, and frequent pre-payments to help you own the property quicker
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As a nation of ‘tax saving hungry’ people, the hefty tax deductions that education loans have to offer goes on to greatly enhance their attractiveness in our eyes
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While there’s nothing wrong with indulging in a healthy amount of speculation, overdoing it may continually set you back on your journey to wealth creation
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Often it is seen that emotion based financial decision making (on the basis of greed and fear) can be detrimental to achieving one’s financial goals
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The mutual fund industry generally showcases its performance against a benchmark, such as the BSE 500 or the NIFTY. However, while the performance of the mutual fund scheme is a function of dividend as well as the capital gains made on investments, the returns on the benchmarks do not take dividend income into account
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Owning many credit cards creates an illusion of wealth, when actually, overusing them would end up causing you to leverage your finances and drag you down
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Beside the regular rebalancing that's warranted on each portfolio anniversary, you should ideally set up a simple checklist of 'trip wire' triggers which will signal the need to rebalance your investments
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An estimated 6 lakh new systematic investment plans (SIPs) are being added by the industry each month – with a large chunk of them flowing into equity oriented mutual funds
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Start with the minimum ticket size for the private equity fund instead of going all out
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