Here's how to protect your finances during these difficult times and work on your short- and long-term financial goals efficiently
Any money that you need in the short term should be pulled out of equities
Tally still 31 per cent lower than 12-month average
In a regular SIP, you simply put in a fixed amount every month. New-age tools allow investors to modify the traditional SIP and be more responsive to market fluctuations.Listen to the podcast for more
For every three accounts opened, two accounts were discontinued; industry officials say investors with shorter horizon quit on poor returns
If they are able to deliver out performance in actual market conditions, investors may invest more through them
In most versions of the VIP strategy, the SIP amount will be varied depending on an objective parameter such as returns obtained
If you do so during a bear phase, you will forgo the benefit of rupee-cost averaging, an important factor in boosting long-term performance
The BSE Sensitive Index, or Sensex, has been volatile in the two trading sessions on Friday and Monday with a downward bias. Experts fear the current bout of volatility may not abate soon. Investors, therefore, need to remove any possible weaknesses that may have crept into their investment portfolios during the good times to be able to deal with the tougher days ahead.Liquidity conditions tend to be tight around this time of the year with companies paying quarterly taxes. The market has been under stress for some time due to IL&FS defaults and macro-economic concerns surrounding the weak rupee, high crude oil prices, and high interest rates. On Friday, DSP Investment Managers sold non-convertible debentures of Dewan Housing Finance. This triggered worries that non-banking finance companies (NBFCs) are facing an asset-liability mismatch and liquidity concerns, sparking a selloff in the markets. Regulators like the Reserve Bank of India (RBI) and the Securities and Exchange Board ..