Retirement Planning, though prevalent in the western world since long, is a relatively new phenomenon in the Indian society. The joint family system where a son took care of his parents, obliterated the need for retirement planning. A competent son used to be the best investment Indian couples made for retirement.

However, this has changed with the advent of urbanization, employment-led migration, nuclear families and rising aspiration levels of young Indian couples. Retirement planning has become a necessity in Indian society today.

Have you ever shifted cities and bothered about carrying your heavy medical records wherever you go? On the eve of India’s Independence Day, Prime Minister Narendra Modi announced the launch of the National Digital Health Mission (NDHM), a program that aims to digitize the health records of all Indians. You will be allotted a health ID that will act as a repository of your medical tests, ailment history, doctor consultations, diagnosis, and medicines prescribed.

The returns in the mid-cap mutual fund schemes have been badly hit in the recent stock market meltdown. However, the impact has not been the same across all the funds in the category. The 1-year return on some funds is close to 12 percent while many others are still down by almost 17 percent.

This means, the choice of the right mid-cap scheme is important rather than investing only in the current performer. Interestingly, the average 10- year return is about 12 percent for the category which shows that one needs to invest in these schemes for the long term.

In certain terms, the government now enables for premature withdrawal from the NPS or National Pension System.

Minister of State for Finance Shiv Pratap Shukla said in reply to a statement in Rajya Sabha on Tuesday that NPS subscribers are liable for three partial withdrawals from the pension system, with each withdrawal not exceeding 25 percent of the contributions.

The partial withdrawals from the NPS system will exclude the employer's contributions, the Minister added.

New Delhi: Foreign Portfolio Investors (FPI) remained net investors in Indian markets in the first half of August, pumping in Rs 28,203 crore in debt and equities on a net basis in the period, according to the depositories data.

Also, FPIs turned net investors in the debt segment in August after a gap of five months.

Market experts attributed the inflows to better-than-expected corporate earnings and increasing global liquidity. 

We at BajajCapital feel that the new Unique Health Card announced by the honorable Prime Minister Shri Narendra Modi is going to be a game-changer for all the concerned stakeholders – the public/patient, the healthcare industry and the insurers.

Till now this information has been fragmented and the onus of retaining the same has been only on the patient himself and that poses a huge challenge as most of us don’t have the technology or the skills to be able to do it.

SGBs are issued by RBI on behalf of the Government of India and hence the bonds carry a sovereign guarantee on payment of interest and repayment of principal on maturity.

Over the last three months, the shine on the Gold continues to be there and the price per gram is nearly Rs 48000. Gold has always been the favourite asset class in Portfolio of most of the Indian Investors and to avoid the risk attached to investment in Physical Gold, RBI has announced multiple series of Sovereign Gold Bond this year.

National Pension System (NPS) is a pension plan managed by the Pension Fund Regulatory and Development Authority (PFRDA) and is gaining popularity among investors primarily because of some tax modifications made in the scheme and the returns generated by the pension fund managers. 

At a time when many people are losing their jobs, experiencing salary cuts, or seeing the income from their businesses decline, people are often asking themselves this question: Should I go ahead and buy the house that I had planned to purchase before the pandemic broke out? Or should I postpone my purchase until the economic outlook improves? The short answer to this question is that each one of us needs to assess one’s own financial capacity before taking on this liability.

The stock market crash of March 2020 had erased a lot of gains from the mutual fund portfolio. But, then against popular perception and opinion, the reversal started to happen. After falling from January highs, the market has covered a lot of ground. Investors also need to understand that volatility is part of the equity markets. Government policies may take time to be fruitful. The global stock markets may show its own volatility thus impacting Indian markets to some extent.