The personal finance landscape has changed rapidly over the last few years. First, several new products have come into the market. Second, technology and fintech have become an essential part of the financial landscape. What’s more, we now have a new breed whom we call investors.A typical Outlook Money reader has a good job, a high income, several financial goals, primary among them being children’s education and retirement. She would have either bought a house or is about to buy one and would be pretty aware that she needs to get life and health insurance. She would be investing in equity to meet her goals and will also have access to digital banking and easy credit. And last, but not the least, she would also want to know how to save on taxes and make her investments more tax efficient. The good thing is that the awareness of the need for financial planning has also gone up, with magazines like Outlook Money making personal finance a topic of household discussion. The huge amount of information out there can also cause some sort of information overload. In the January 2020 issue, we have tried to simplify your financial life. Find answers to most commonly asked questions across banking, insurance, mutual funds, equity and taxation. Wishing you a very happy new year!
Wealth Creation Through Mutual Funds
Esta historia es de la edición January 2020 de Outlook Money.
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Esta historia es de la edición January 2020 de Outlook Money.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms
5 Questions That Will Lead You To The Right Financial Planner
Choosing a financial planner is not as easy as it may seem. Besides the right credentials, you should also consider things like the kind of services you will be needing-tax advisory, estate planning-as well as the fee structure. Here are five questions that will help you choose the right planner
Health Insurance Sub-Limits
Sub-limits in health insurance are restrictions placed by the insurance company on the SP maximum amount they will pay for specific expenses that are part of the total hospital bill.
Delayed Gratification, Humility, Understanding Inflation And Risks Key To Financial Success
The journey to financial success is continuous, requiring patience, education, and disciplined decision-making.
Avoiding Common Pitfalls through Asset Allocation and Multi-Asset Investing
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Mutual Funds for Financial Growth
Mutual funds allow you to invest in small amounts and seize the compounding growth, and experts help tackle volatility and asset allocation, making them a potent tool to create wealth.
Multi-Asset Investing is The Financial Equivalent of A Well-Balanced Diet
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Theme and Triumph: How Thematic Funds Can Boost Your Bottom Line
Thematic funds target high-growth opportunities in various industries and economic sectors, allowing investors to participate in future-focused segments to generate long-term returns.
Wealth Creation Through SIP - The Slow & Steady Road to Success
For investors seeking to create long-term wealth, SIPS are a powerful tool that enables regular, disciplined investments to generate compounding returns.
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