Unbiased answers to all your questions about myriad financial products
How to handle money-related issues in real life situations
- Buying a Car
- Buying a House
- Caring for a loved one
- Death and Dying
- Getting a job
- Getting an Education
- Getting Divorced
- Getting Married
- Having a Baby
- Kids & Money
- Inheriting Money
- Life after High School
- Living your Retirement
- Planning for Retirement
- Raising a Family
- Wills & Nominations
- Renting a Flat
Section C: Additional Resources
2. Corporate FDs
3. Tax-free Bonds
4. Fixed-Maturity Plans
6. Liquid and Ultra short-term funds
7. Short-term Funds
8. Long-term Funds
Not Using Investool: If you are not using the Investools and want a list of funds we think are good, check out our recommended funds
Conversely if the starting PE is low subsequent returns are high
Investing is not too difficult if you keep these investing principles in mind.
Investools allocate your savings into different assets depending on market valuation. It helps you to decide all the three issues that faces an investor:
1. What to invest in: Product selection.
There are hundreds of investment products. Which are ones where you should put your money at a particular time? The tool will advise you.
2. How much to invest in: Asset allocation.
It's not enough to know which are the right products. You need to know how much to invest in which products. This is will make the biggest difference to your investment outcome
3. When to invest: Market-timing:
While investing regularly in fixed income products is fine, investing the same amount regularly in market-linked products may not be the best strategy. With Investools, you can buy more when the market is down and less and when the market is up.
For short-term investments between 0-5 years, use this tool.
Use this tool if you know for sure how much how would like to invest in stocks every month or even occasionally. This is not an asset allocation tool that will divide your savings into different products based on your risk profile and financial condition.
Tools and Recommendations
Recommendations for health insurance is here (Premium)
These recommendations are also captured in the Health Insurance Selector Tool (Premium)
A premium subscription to Moneylife Smart Savers' entitles you to a Free Personal Accident insurance worth a sum insured of Rs2.5 lakh. If you are a premium member, you can download the free accident policy details here
That apart you can buy additional cover from these recommendations (Premium)
In order to offer you choices, insurers create complex products, making it tough for you to compare them and choose. Policies are different from each other in terms of exclusions, conditions and fine print. If you slip on even one of the vital conditions, your claim may be rejected or cut down. Get answers to these 6 questions.
Tools and Recommendations
Our Term Plan Recommendations (Premium)
Insurance Surrender tool (premium): If you have bought Child Plans, Pension Plans, ULIPs, Endowment, Money-back and Whole-life policies, your returns will be poor. Worse, exiting is not easy. You can Surrender, Go Paid-up or Continue. What should you do? If you surrender where do you invest and what new insurance do you buy? What are the tax implications? Use this tool to get answers
How much insurance do you need? A Basic tool (free)
Life insurance is supposed to protect your loves ones if something happens to you. But that is not what the insurance companies sell aggressively. They wrap the protection in a variety of investment products, such as endowment plans, children's plans, pension plans and unit-linked insurance plans (ULIPs). These give you terrible returns, after all the costs and charges while the insurer and agents earn large fixed commissions. Here is what you should keep in mind before buying life insurance.
Tax Rates on Income: What are the Income Tax rates on different investment Income? Use this tool to find out
Tax Rates on Capital Gains: What are the tax Rates on Capital Gains from different assets? Use this tool to find out
Calculate Capital Gains Tax : Sold an asset and confused about the tax to pay. Use this tool to find out
Tax-saving investment through relatives : Investing money through your parents? Or through wife? Use this tool to stay on the right side of the tax laws
Save tax fully : Are you availing of all the tax-saving benefits available? Use this tool
To get the tax benefits under the Income Tax, you need to match them with your specific situation. A quick guide for salaried employees
If you follow our recommendations you can stay out of problems of harmful financial products. But as a Premium Member, if you need direct one-on-one conversations with us, you can put your questions in the Ask us section. Your questions remain confidential.
Read Me First
While we welcome questions about your specific financial condition and our recommendations, there are some dos and don'ts. Please read this section first to know the kind of queries we will not be able to answer.