5 good and bad money habits that can impact your child's financial future

THE ECONOMIC TIMES Tue, Nov 14, 2017 | 06:30 AM IST ET Wealth Newsletter

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5 good and bad money habits that can impact your child's financial future These money habits can cause a long-lasting effect on financial life of your kids. To avoid this, imbibe the good habits and forgo the bad ones listed here. How to secure your portfolio against a sharp fall in stock market Portfolio insurance is an investment hedging strategy that can help you avoid losses—or cut them—if the market falls. Return and risk profile of a mutual fund depends on its asset base ET Wealth explores how the asset base of equity funds reflects in the fund characteristics, return and risk profile. From our Partners Skilling India's largest growing demographic using IBM Watson India is projected to be the youngest country in the world by 2020, with approximately half of India's 1.2 billion people under the age of 26. From our Partners Demonetization Anniversary: Decoding the Effects of Indian Currency Notes Ban The Indian Prime Minister announced his plans of banning Rs 500 and Rs 1000 notes with several motives in mind and thus began India's struggle with demonetization. Don't fall into the trap of a child plan fund, instead go for a goal based investment plan Understanding what kind of investments will meet your child's future needs is crucial, but there's something else that's more important. Liquid funds vs savings account: Where to park your emergency fund? Not very long ago, liquid schemes were the obvious choice for building a contingency fund. However, the situation has changed now. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 1.74 12.52 30.09 15.87 Invesco India Growth Fund Direct-Growth 1.38 14.83 33.28 15.54 Mirae Asset India Opportunities Fund Regular- Growth 1.68 12.14 29.16 14.97 SBI Bluechip Direct Plan-Growth 1.36 8.48 23.17 14.17 Motilal Oswal MOSt Focused 25 Fund Direct-Growth -2.13 3.74 21.08 13.85 FeaturedDSP BlackRock Income Opportunities Direct Plan-Growth ★★★★★ 0.46 4.23 7.96 9.91 Start SIP Why young earners shouldn't be forced into making financial commitments Overanxious parents tend to force their kids into making financial commitments that leave them feeling stifled. It's best to let them learn from their mistakes. 5 ways to track your child's expenses If your child is staying away from you and managing money on his own, a major concern is where he spends it. Here are five ways to keep a tab.

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How to influence your child's financial behaviour Guide the monetary decisions your child takes as he prepares to move out for higher education and inches closer to adulthood. Best slim bezel smartphones for different budgets Although the iPhone X sports no bezel screen, these eight android smartphones with slim bezel displays are already available in the market. Stock pick of the week: Why analysts are bullish on Bharti Airtel stock Consolidation in the telecom sector, improving African operations and cost control measures, among other things, have made Airtel analysts' favourite. Investors need to exercise caution in the current market: Ajay Bodke, Prabhudas Lilladher "We are optimistic on BFSI, auto, FMCG, retail and energy," Ajay Bodke CEO and Chief Portfolio Manager, PMS, Prabhudas Lilladher. Good intentions that may have a bad impact on your child's money habits You may think you are doing the child a favour by not exposing him to financial problems, but you are actually making him ill-prepared to deal with them. MF Portfolio Doctor: NRI Malhotra needs to set realistic targets and invest more to meet goals Portfolio Doctor will help you analyse the performance of your mutual funds and their suitability for your financial goals. Slow progress for cashless transactions a year after note ban Demonetisation was aimed at reducing the cash-dependence of the Indian economy but has it's impact persisted in the year since it occurred? Earnings growth should be back in one or two quarters: Jinesh Gopani Head, Axis Mutual Fund "Returns will be a function of which companies and sectors are able to deliver consistent growth," Jinesh Gopani Head, Equity, Axis Mutual Fund. What makes L&T Tax Advantage a leading tax-saving mutual fund Low risk profile and higher return places L&T Tax Advantage Fund high on the risk-return parameter and has significantly outperformed the benchmark. Tax optimizer: How salaried Ahuja can cut tax outgo by 75% Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax. Indians not financially ready for cancer: Future Generali study 69 percent of respondents have no financial preparedness to deal with cancer, finds a Future Generali India Life Insurance study. Should you give your child pocket money or open a children's savings account? Savings accounts will prove to be the stepping-stones for discussions on spending, investing and other financial concepts. How to register nominations in mutual fund investments Mutual funds make it mandatory to register nomination at the time of making the first investment. Here's all you should know about the process. Quick tips to manage investment risk Risk can be reduced by limiting or offsetting the probability of loss from fluctuations in prices of the investment by using hedging strategies. Startup Ultimate Sun Systems offers customised renewable energy solutions The startup's services include engineering, procurement, construction and consultation for solar PV power plants for residential, commercial units. Alternative investment returns monitor: For the week ending Nov 8, 2017 Here's a weekly tracker of returns from alternative investments. But don't compare these with traditional investments as purpose of them is vastly different.

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