Money Saving Tips

RBI Steps in Monetary Stimulus https://www.fundstiger.com/rbi-steps-monetary-stimulus/ The RBI also announced a series of measures to address the stress in the financial conditions caused by the pandemic such as injecting sizeable liquidity in the financial system, ensuring credit flow, relaxation in repayment and debt servicing pressures and improving the functioning and stability of the financial markets. Temporary compliance relaxations were also announced. The RBI announcement came days ahead of the scheduled MPC meeting to be held on 31-3 April’20. The decision to cut policy rate was unanimous. However in terms of quantum of rate cut, 4 members voted for a 75 bps cuts while 2 member sought a 50 bps cut. Key Announcement: Policy Rates, Developmental and Regulatory Policies 1.Repo rate cut by 75 bps from 5.15% to 4.40% with immediate effect. 2. The reverse repo rate to be 40 bps lower than repo rate from the earlier 25 bps. 3. Marginal standing facility (MSF) rate to b...

Smart Strategies to Invest during Uncertainty https://www.fundstiger.com/smart-strategies-invest-uncertainty/ It may be difficult to believe that this may be a good time for investors to invest with the red splashed across stock counters one day and wildly swinging markets the next, a bank being put under moratorium, an instrument that was seen as a safe option suddenly becoming riskier than equity and losing all its value, the global economy in a tailspin and a pandemic that shows no signs of abating. But if you look beyond these very real and very significant issues there is an investment opportunity for investors across asset classes. However, this is an opportunity that should be exercised with caution. We look at what the current situation means for your equity, debt, gold and foreign currency assets and how to handle your investments at this stage. Coronavirus outbreak has left common investors worried over how they can protect their wealth and invest. What could be...

Diversification of Investment https://www.fundstiger.com/diversification-investment/ “Don’t put all your eggs in one basket”, goes the old adage. Based on your goals you may have allocated your investment into various asset classes such as equities, fixed income, insurance and commodities. But if you do not diversify within each asset class, the exercise, according to analysts, is sub-optimal. Spreading your fixed income investments is fairly simple but in the case of equities you need the right permutations and combinations of different stocks or equity funds to ensure that your portfolio sufficiently straddles good sectors and stocks. The Benefits of Diversification The benefit of diversification in your investments is to minimize the risk of a bad event taking out your entire portfolio. When you keep a high percentage of your portfolio in a single type of investment, you risk losing it if that investment sours. The benefits of diversification include: Minimizes the ris...

https://www.fundstiger.com/tips-women-save/ Be it single women, married or divorced, there are ways to overcome hurdles and become financially independent. Some of the challenges may be it in dealing with the struggle of saving and investing, tackling financial illiteracy, balancing the needs and wants of parents and children, or overcoming resistance in marriage. Hope you will find a way to make your financial dreams come true this Women’s Day. Strategies to Raise Savings An important factor in how much a woman saves depends on how she invests. 1. Speed up Saving Since the woman will end up saving less due to the gender pay gap and fewer years she puts in at work, one way of overcoming this hurdle is by increasing her monthly savings. So if a 25-year-old woman is building a corpus for retirement at 60, she will have to save nearly 17% of her income compared with 10% that men would have to in order to build the same corpus. If she finds it hard to do so, she can automate ...