ENSURE COMPLETE PROTECTION
Shield yourself and your loved ones with robust insurance planning
Insurance – the Key to your Financial Wellbeing
As you grow older, your responsibilities will grow, and before you know it, you’ll have a family to support. That comes with its own set of financial obligations, from college funds and home loans to cars and vacations. But if the pandemic has taught us anything, it is to expect the unexpected – and insurance is a vital risk management tool to protect you from unforeseen crises. It is a critical part of any financial plan – so let’s find out why insurance is so important for your financial well-being.
Jan 2022 . 5
to check if View all is working - Protect
to check if View all is working - Protect
Mar 2022 . 3
Why You Should Build an Emergency Fund
It’s been said that “life is what happens to you when you are busy making other plans”. In other words, life is unpredictable. Emergencies can come out of the blue and impose huge financial burdens. The pandemic has shown us that even the best-laid plans can be derailed by a sudden job loss or health crisis.
Feb 2022 . 4
7 Good Financial Habits For Your
Good financial habits, especially if developed early on in life, can offer considerable rewards in the future.
Let’s delve into 7 good financial habits you can build from today:
Mar 2022 . 4
5 Things You Need to Do Before Investing Your Money
So you have decided to begin your financial investment journey - that’s a great start! But how prepared are you for it? Do you know what can help smoothen the road ahead? Before you start investing, here are a few things you need to look into first. After all, investing is simply one component of the entire financial planning process.
Jan 2022 . 4
A Guide To Transferring Mutual Fund Units
Know the process by which mutual fund units can be transferred to beneficiaries on the demise of the unit holder.
Feb 2022 . 5
How to Secure Your Financial Assets With Mutual Funds
Few investments provide assured returns – most carry at least some degree of risk. Sound financial planning is the key to securing a reliable return on your investments.
Jan 2023 . 3
5 Ways to Beat Inflation
Inflation is the term given to an increase in prices over time. Inflation can eat into your savings and investments, so it’s important to stay a step ahead of it to optimise your financial planning. Here are five ways you can beat inflation:
Feb 2023 . 3
Life Insurance 101 How to Protect Yourself
In 2020, the Life Insurance Corporation of India issued 21.9 million individual
policies, which is just 1.5% out of a population of 1.38 billion people1. Overall
India’s life insurance penetration stood at 3.2% as of 20202. A large number
of Indians still don’t have insurance, and are missing out on a vital source of
protection against emergencies and contingencies.
Mar 2022 . 4
A Financial Guide to Looking After Your Parents as a Single Woman
Single women face many challenges in maintaining their financial security - and it can get even harder when they have to provide financial support to their dependent parents.
Jan 2023 . 3
Why Your Business Needs a Contingency Plan and How You Can Make One
Running a business takes vision, courage, dedication and more than a little luck. As the pandemic has shown us, there is always a chance that market downturns or external crises could hit your business, no matter how robust your business plan.
Jan 2023 . 3
6 Financial Planning Tips for Parents-To-Be
Going to be a parent soon? Congratulations! Having a child will be one of the most consequential events of your life – but with that joy and elation comes responsibility. Your approach to financial planning will undergo a major shift as you plan for a new member in the family. Your horizons will expand as you provide for a growing family and strive to give your child a good start.
Here are 6 financial planning tips to guide you as you embark on this journey:
Jan 2022 . 4
7 Effective Tips for Portfolio Diversification
Don’t put all your eggs in one basket, says an old adage. The more options you give yourself, the more you can mitigate the risk of non-achievement by spreading out the risk. Diversification is the process of spreading your investments across different assets, to optimise your chances of strong returns and to mitigate investment risk in your investment portfolio.
But how do you go about diversifying your portfolio? Here are seven ways to do it:
Feb 2022 . 5
Why Is Risk Management An Essential Part Of Investment
Risk means uncertainty, and the possibility of an adverse event. In the investment world, it might be defined as the chance of an investment losing its value. It is important to understand the different types of risks so that you can manage them effectively.
Mar 2022 . 3
How to Choose an Insurance Policy that is Right for You?
Insurance plays a crucial role in financial planning and is integral to financial security.
Jan 2022 . 3
Should You Save For An Emergency Or Pay Off Debt
If there is one thing the pandemic has taught us, it’s the need to save and prepare for emergencies. However, the money you set aside for emergencies could also be used to pay off your existing debts. Which should you prioritise? Paying off your debt or saving up for an emergency?
Feb 2022 . 3
4 Types of Insurance You Should Have in Your 40s
Life begins in the 40s, they say! From a financial perspective, however, the real business of life begins right on the day one becomes financially independent. To make sure your 40s and beyond become the best years of your life, it’s best to start holistically planning your finances as early as possible. An integral part of financial planning is to have the right types of insurance plans. Here are the four most important insurance policies that should be in place in your 40s:
Mar 2022 . 3
Is Term Insurance the Right Choice for You?
If you are looking to buy a life insurance plan, term insurance is perhaps one of the most important policies you need to consider.
Jan 2023 . 3
Why You Need An Emergency Fund Before Retirement, and How to Build It
When you’re coming closer to your retirement, there may be several financial concerns in your mind. It’s easy to ignore or forget about an emergency fund in the midst of all this.
Jan 2022 . 4
10 Money Mistakes that Can Hurt Your Retirement Planning
It’s important to inculcate good financial habits to secure your future. It’s equally important to avoid money mistakes, in order to keep yourself on track to achieve your retirement goals. Here are some of the major mistakes to avoid for hassle-free retirement planning:
Feb 2022 . 4
7 Major Expenses to Plan for in your 50s
The average age of retirement in India is 601, so once you enter your 50s, you are less than 10 years away from retirement. The good news is that you’re probably earning more than you did in your 30s or 40s, and you are financially stronger. But there could be obstacles lurking – and some upcoming expenses could derail your retirement plans.
Here are 7 significant expenses that you should prepare for in your 50s:
Mar 2022 . 5
Should You Save For An Emergency Or Pay Off Debt
If there is one thing the pandemic has taught us, it’s the need to save and prepare for emergencies. However, the money you set aside for emergencies could also be used to pay off your existing debts. Which should you prioritise? Paying off your debt or saving up for an emergency?
Feb 2022 . 3
Why Will-Writing Matters, and How to Do It
As you cross the milestone of retirement, you can begin to enjoy the fruits of your financial planning – but the planning doesn’t end here. New responsibilities and tasks emerge as you begin to build your legacy and the future of your family, by drafting a will and pursuing estate planning. This is a continuation of your goal-based financial planning journey, designed to ensure your post-retirement personal finances are secured.
Jan 2022 . 4
5 Ways to Track Your Finances Post-Retirement
Most people want a relaxed life after retirement, which is well-deserved – but it’s important to keep an eye on your financial and investment planning even as you kick back. Since your monthly pay cheque may cease once you retire, a detailed retirement plan can help organise your personal finances for the long run.
You will have to analyse your expenses, plan your income around your goals and systematically allocate money to the activities and projects you want to take up in retirement. While saving money is crucial, getting insured and investing money in the right place are equally important.
Feb 2022 . 4
4 Schemes to Earn Regular Income After Retirement
The post-retirement period is a special phase in most people’s lives. You’ve worked hard, accomplished your major goals, taken care of your responsibilities, and you’re now looking forward to a well-deserved period of relaxation and leisure.
You are also able to enjoy the fruits of your financial planning. The big difference is, you may not have a regular income now. You may dip into your retirement corpus, but inflation, market volatility and unexpected expenses may dent its value. At the same time, rising life expectancy might make that corpus seem a little smaller than you first thought. You might begin to worry about managing your monthly expenses. To stay on top of these expenses and achieve your ambitions in retirement, it would be useful to maintain a regular source of income.
A detailed personal finance plan can help you measure the income you need, and therefore the kind of income sources you should explore: To help you get started, here are four instruments you can rely on to generate a regular income and enjoy your life after retirement:
Mar 2022 . 5
PGIM India Asset Management Private Limited
(CIN - U74900MH2008FTC187029)
Toll Free Number: 1800 266 7446
Email: care@pgimindia.co.in
This is an Investor Education and Awareness Initiative by PGIM India Mutual Fund.
All the Mutual Fund investors have to go through a one-time KYC (Know Your Customers) process. Investor should deal only with the Registered Mutual Funds (RMF). For more info on KYC, RMF and procedure to lodge/redress any complaints, visit https://www.pgimindiamf.com/ieid.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Read more
All the Mutual Fund investors have to go through a one-time KYC (Know Your Customers) process. Investor should deal only with the Registered Mutual Funds (RMF). For more info on KYC, RMF and procedure to lodge/redress any complaints, visit https://www.pgimindiamf.com/ieid.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Read more
The information contained herein is provided by PGIM India Asset Management Private Limited (the AMC)
on the basis of publicly available information, internally developed data and other third-party
sources believed to be reliable. However, the AMC cannot guarantee the accuracy of such information,
assure its completeness, or warrant such information will not be changed. The information contained
herein is current as of the date of issuance* (or such earlier date as referenced herein) and is
subject to change without notice. The AMC has no obligation to update any or all of such
information; nor does the AMC make any express or implied warranties or representations
as to its completeness or accuracy. There can be no assurance that any forecast made
herein will be actually realized. These materials do not take into account individual
investor's objectives, needs or circumstances or the suitability of any securities,
financial instruments or investment strategies described herein for particular investor. Hence,
each investor is advised to consult his or her own professional investment / tax advisor / consultant for advice in this regard.
The information contained herein is provided on the basis of and subject to the explanations, caveats and warnings set out elsewhere herein.
The views of the Fund Manager should not be construed as an advice and investors must make their own investment decisions regarding investment/ disinvestment in securities market and/or suitability of
the fund based on their specific investment objectives and financial positions and using such independent advisors as they believe necessary.
