You would have seen that most Mutual fund plan has direct plan and regular plan. And you also would have noted that there is a difference between the NAV of the direct and regular plan. Let me take an example of one of the funds – Nippon India Growth Fund and compare the NAV of…
Insurances are bought much cheaper when bought early in our life, this is true for both Life Insurance and Health insurance. So catch them young 🙂 First thing is to enter into an insurance agreement with insurer early and continue the same at a much cheaper rate for life. The earlier you enter, the lesser the…
When you ask any 80s/90s kid, what are their investments – most of us will start by saying “I have a LIC Policy of 5L”! Try this out, will you :)? Say this with me insurance is not an investment! Let us look at the definitions of Insurance and Investment from wikipedia. Insurance – Insurance is a…
We talked about the advantages of automating investments and how “Analysis Paralysis” can be avoided by automating them. Not just investments, even predictable expenses should not cause us unnecessary shocks. And this is what I mean by “Automate your expenses”. It is actually “Automate the savings for your expenses” – but you would not read…
Biggest problem with us, is that we think there is a lot of thinking and analysis required behind investing in an asset. While it is true that analysing is important, it’s most important to not get into an “Analysis Paralysis” mode. So Automate your investments! And the key to investing for a salaried person is through…
Term Insurance – Life is insured for the term period. If the insured dies with in this period, the nominee gets the insured amount. If the insured survives, there is no survival benefit. Generally extremely cheap compared to normal Life Insurance. Normal Life Insurance – Life is insured for the period. Upon survival of the…
