Rich people, middle income group, youngsters: Who needs financial advice the most?

THE ECONOMIC TIMES Tue, Dec 11, 2018 | 06:32 AM IST ET Wealth Newsletter

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Rich people, middle income group, youngsters: Who needs financial advice the most? An online survey by ET Wealth shows that only 12% of investors in India have financial advisers. You too may be missing out on the right kind of guidance. 7 different sources of financial advice: Which ones can help you? Get rid of unwanted financial advice from people who only have a farsighted perspective of your plans. Here are 7 credible sources of financial advice. DIY investing is not everybody's cup of tea: View Almost anybody can invest on their own because technology has simplified investing but this does not mean that everybody should become a DIY investor. Govt vs. RBI: So, you think it was a draw? In round 1, RBI, it appears, has beaten the Centre at its own game. Over to the next board meet. Rana Kapoor's undoing How a family-succession plan put the Yes Bank chief and his clan in a spot. This Huawei arrest is a tactical Trump response China can't stop hacking, and the US can't digest the emergence of Chinese tech prowess. With its latest move, the Trump administration wants to kill two birds with one stone — wrest a favourable trade deal and stop the march of Chinese tech. From our Partners Have a question on P2P? Ask our experts! Peer to peer (P2P) lending platform is a marketplace that connects individuals in need for credit with individuals and institutions willing to lend. From our Partners Is Life Insurance only for the rich? With lives becoming more competitive, lifestyle patterns are changing faster than ever. Five reasons why money remains idle in your bank account Spend most of your time and energy in earning the money and allocate a small portion of it to working with your adviser and hold him accountable. How to manage shortfall in your investment corpus While making additional investments, the holding period available for the investment is very relevant and will help you make the correct choice. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth -1.55 -6.75 -6.60 15.11 Axis Bluechip Fund Direct Plan-Growth 2.25 -1.30 7.65 14.06 JM Core 11 Fund-Growth -1.73 -7.26 -7.49 13.64 ICICI Prudential Bluechip Fund Institutional I-Growth -2.65 -3.49 -1.99 12.69 Axis Bluechip Fund-Growth 2.10 -2.05 6.11 12.68 FeaturedDSP Bond Direct-Growth ★★★★★ 1.00 2.96 4.14 7.76 Start SIP Boost these hormones to succeed as a leader at work A DOSE of these "success hormones" will keep you on top of every kind of situation at the workplace, leaving your more efficient and happier at work. 7 reasons to exit a mutual fund even if it is doing well If the fund changes its objective regarding risk or return in a way that it is not aligned with your objective, you should quit.

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Is it time to invest in duration mutual funds? Long duration funds have topped the mutual fund performance charts, clocking over 6.3% over the past three months, followed closely by gilt funds with 3.7%. Are you capable of managing your money or do you need an advisor? Take this quiz to find out Do you also manage your finances on your own? Take this test by ET Wealth to know whether or not you need a financial advisor. Realty hot spot series: What makes this residential area a sought-after address in Mumbai This sought-after Mumbai address has a good connectivity through Western Express Highway, JVLR, SV Road and Goregaon Railway Station. Use these two tools to look for less risky, promising stocks You can reduce or eliminate internal risks by allocating capital across different stocks or sectors. But, market risks, cannot be reduced or eliminated by the investor. Strong banks will stand to gain from NBFC crisis: Harshad Patwardhan, Edelweiss Asset Management "Stay on the sidelines to see how things settle over the next few months in the NBFC space, both in terms of operating environment and valuations." IRDAI proposals on life covers will help buyers: Ashish Vohra, Reliance Nippon Life Insurance "The proposals, if implemented, could make the till-now rigid life insurance product design space a lot more flexible," says Ashish Vohra, Reliance Nippon Life Insurance. How to shift or switch investments within mutual funds A switch request may be made by filling up a transaction form or writing a letter indicating the switch details. Individuals' investment in equity rose 30% in 2017-18, only 7% in FDs: Karvy report The report says the shift towards financial assets like equities, mutual funds and small savings instruments continues at a fast clip. Family finance: Neogi can achieve goals despite heavy skew towards debt investments Neogi's goals include building an emergency corpus, buying a house, taking a vacation every year, saving for his child's education and wedding, and retirement L&T Equity Fund: Inconsistent performer, has lagged peers With a 10-year return of 17.86%, the fund has outperformed the benchmark index (16.98%) but fared below the category average (18.01%). MF portfolio doctor: Why Akshay needs to scale down goals or hike monthly investment Akshay is saving for a house, his daughter's education and retirement. Here's what he was advised by the MF portfolio doctor. Stock pick of the week: Why analysts are bullish on Amara Raja Batteries Long-term prospects and opportunties linked to the growth in the electric vehicle segment have made analysts bullish on the company. What is a hedge fund? A hedge fund portfolio consists of asset classes like leverage, derivatives, equities, bonds, currencies and convertible securities. Alternative investment returns monitor: For the week ending Dec 05, 2018 Here's a weekly tracker of returns from Alternative investments but don't compare these with returns from traditional investments.

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