Make sure you have a good portfolio in India, which can help absorb the shock of any sudden changes in foreign markets, before investing overseas. Your investments should be spread across different asset classes like PF, PPF, FD, real estate, gold, mutual funds, stocks, etc. Without a good asset allocation in your own country’s economy, foreign investments should not be considered. These investments are highly suitable for HNI investors who can invest up to 5-10% of their money abroad. … [Read more...] about Should you invest in international funds?
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With many of us working from home for the foreseeable future, videoconferencing has become a critical part of our professional and even personal lives. While there are several tools available for remote workers to use, such as Skype, Google Meet, or Webex, Zoom is one of the best, most stable, and easiest apps to use for virtual meetings. … [Read more...] about 5 Zoom tools you need to take your virtual meetings to the next level
Some insurers maintain that pricing the product right is proving to be a huge challenge, primarily due to a short 15-day waiting period and coverage of co-morbidities. “On the one hand, this is a disease-specific cover, but on the other hand, it covers co-morbidities along with COVID-19 treatment, but without any pre-existing diseases waiting period, making it akin to a full-blown cover,” points out Nikhil Apte, Chief Product Officer, Royal Sundaram. For instance, in case of a cancer cover, pay-out is restricted to cancer-related treatment, which is why the premiums are comparatively lower. … [Read more...] about Standard COVID-19 health covers with lower premiums from today
That’s because you may not have any credit history. In other words, if you have not used a credit card or serviced a loan till now, you may not have acquired a credit score. Second, if you have not borrowed in the last ten years, your credit history gets too old to be assessed. … [Read more...] about Credit report: How you can access it for free and rectify errors
Yes. And, that is why you need to be careful while opting for the moratorium. Use the flexibility only if you have no funds to pay your dues. Interest will compound during the moratorium period, adding to your burden. “In the case of credit cards, you have always had the option of paying the minimum amount due (5 per cent of the outstanding) in case of a financial crunch. The moratorium does not offer any great additional benefit,” says Pankaj Mathpal, Founder, Optima Money Managers. In case you pay only the minimum amount due, too, you must treat it as an interim measure and strive off to pay off the entire outstanding as soon as possible. It represents a tiny portion of your outstanding amount and the balance will continue to attract exorbitant interest. It’s best to meet the repayment schedule unless you are facing a financial distress. … [Read more...] about RBI Moratorium: Postponing credit card dues will mean paying exorbitant interest costs