Akhil Mittal, senior fund manager of Tata Asset Management says that investors whose investments in fixed maturity plans (FMPs) are nearing maturity are shifting to other products, especially hybrid or balanced funds, instead of rolling over the ... Business Standard India, 2 days ago
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The curious thing is that savings instruments have not really kept pace with changing needs, although people have access to a wider variety than before. Mumbai resident Girish Gokhale's father would often say his two sons were his savings for the post-retirement days. To that end, the senior Gokhale, a government servant, spent his life's savings on his sons' education. He certainly needed to rely on his children. His monthly pension was a princely Rs 6,000, hardly enough to make even the ...Rediff.com, 2 days ago
Mumbai resident Girish Gokhale's father would often say his two sons were his savings for the post-retirement days. To that end, the senior Gokhale, a government servant, spent his life's savings on his sons' education. He certainly needed to rely ...Business Standard India, 2 days ago
Those in the lower age brackets could do away with traditional plans and hold Ulips. Or, convert all investment plans into a paid-up one. Come tax-saving season and Nagpur resident Bhawartha Darwatkar, 32, was most likely to buy an insurance-cum-investment plan. Between 2007 and 2013, he accumulated two unit-linked insurance policies (Ulips) and a money-back plan. He reasons: “These policies were purchased without any goal in mind. I was single then and had some good surplus to park.Rediff.com, 1 month ago Looking to phase out insurance plans? Sify, 1 month ago
While individual taxpayers cheered the Budget news of an increase in the limit under Section 80C, marketing professional Girish Kumar wasn't every very excited. Reason: He doesn't know how to use the new limit to his advantage. In effect, the Rs 50,000 rise ...Sify, 2 months ago
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