Imagine having a meal in your favourite restaurant. You start with appetizers, then go to the main course and end the meal with some wonderful dessert. Now think of your investment portfolio as this meal. The appetizers are like investing in direct equities, your main course is akin to investing in mutual funds and think …
Mumbai: Indian household savings reached decadal lows with surging inflation forcing people to dip into their savings and avail loans for their spending requirements. Net financial assets of households have been declining consistently from 11.5% of gross domestic product (GDP) in FY21, to 7.2% the following year, and plummeting to 5.1% during FY23, according to …
I am 41 years old and work at a PSU bank, earning a gross monthly pay of ₹1.8 lakh. I reside in a company-leased accommodation and receive around ₹30,000 per month in perks. Medical expenses for my family are fully reimbursed. Our monthly expenses total approximately ₹25,000. My financial assets include: bank fixed deposit (FD) …