Karthik Jerome

1 week ago | rediff.com | Sanjay Singh |Karthik Jerome

'Investors' decisions should reflect their financial goals, risk tolerance, and the amount of gold already present in their portfolio.'Kindly note the images in this feature have only been published for representational purposes. With the yellow metal recently scaling the ₹1 lakh mark, even ardent gold investors are in a dilemma: Should they continue to invest, or is it time to cash out?

1 week ago | rediff.com | Sanjay Singh |Karthik Jerome

Targets should avoid panicking and hang up. 'Disconnecting stops the scammers from building psychological pressure.'An 86-year-old Mumbai resident was held under digital arrest for two months, during which Rs 20 crore was extorted from her, according to a recent media report. She was accused of money laundering, forced to attend fake court proceedings online, and ordered to remain at home, with the scammers checking every three hours to ensure compliance. QUESTIONS ABOUT MONEY?

3 weeks ago | rediff.com | Sanjay Singh |Karthik Jerome

With the RBI infusing Rs 7.5 lakh crore in liquidity -- and possibly more in the future -- the short- to medium-term corporate bond market is expected to benefit. IMAGE: Kindly note the image has been posted only for representational purposes. The Reserve Bank of India cut the repo rate by 25 basis points (bps; 100 basis points = 1 per cent) to 6 per cent on April 9, its second consecutive reduction following the 25-bps cut on February 7.

3 weeks ago | rediff.com | Sanjay Singh |Karthik Jerome

One should avoid keeping excessive funds in one's savings account. IMAGE: Kindly note the image has been posted only for representational purposes. HDFC Bank has reduced its savings account interest rate from 3 per cent to 2.75 per cent. Several other large banks also offer interest rates below 3 per cent. Given such low returns, savers need to manage their short-term money more efficiently. QUESTIONS ABOUT MONEY? ASK rediffGURUS here!Maintain limited balanceA savings account offers convenience.

1 month ago | rediff.com | Sanjay Singh |Karthik Jerome

'Go for a base cover of Rs 10 lakh and then buy a super top-up of Rs 90 lakh.'A significant number of individuals who purchased their health insurance policies nearly a decade ago have not revised their sum insured, which continues to remain at the original Rs 2 lakh to Rs 3 lakh. With medical inflation averaging around 14 to 15 per cent annually, such coverage is now grossly insufficient. "The average cost of hospitalisation for 2.5 to 3 days can come to Rs 1.5 lakh to Rs 1.75 lakh.