Tag: emergency fund

Adding value funds can enhance your portfolio

I am investing in the following funds and have considered flexi-cap and large- and mid-cap funds as my core portfolio. I have adequate life and...

Is monthly income from systematic withdrawal plan taxable?

I am a 63-years-old lady doctor. For my retirement and because of covid I have sold one of my clinics. I have invested that amount...

I want to invest ₹20,000 a month for up to 20 years. Where should I invest?

I am 25 years old and plan to invest ₹20,000 per month from my salary for 15-20 years. Please suggest schemes. -Name withheld on request...

How to manage your finances if you have lost your job

MUMBAI: Losing your job is a nightmare. It may seem diffcult to recover from such a bizarre occurrence. In a challenging phase such as this,...

Consider these seven steps to generate an emergency fund for a rainy day

Nirmala, a client of ours, asked us a pertinent question three years ago during the financial plan presentation: what is the emergency or contingency fund...

A company worker ponders over expenses as the pandemic rages

As the second covid wave makes its way through India, Mint speaks to people across the country on how they are saving, spending and coping...

Five financial aspects that you must put in order in these uncertain times

NEW DELHI : Managing money can be a daunting task. A financial plan can help you to be on track and to lay down a...

5 Decisions All Responsible Entrepreneurs Make En Route to Financial Security

April 16, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. Entrepreneurship inherently involves financial risk. That doesn’t mean, however, that entrepreneurs can’t...

People with no emergency fund must temporarily stop ongoing investments and create one

The current covid-19-triggered crisis is not the first one Mangesh Rane, 42, a captain with a prominent airline in India, is facing. A year ago,...

Investors should keep in mind certain factors given the uncertainties

In the last two and a half years, the investment climate in India has been dismal, with low disclosures and high risk. There have been...

Liquid funds offer instant redemption facility. Here’s what you need to know

Under this facility, investors can withdraw up to ₹50,000 per day almost instantly on any given day throughout the year. Normally, if you redeem your...