Wealth Newsletter

Wealth Newsletter August 2020

MONTHLY MARKET UPDATE

  • During the July month, market continued to be volatile amid Corona crisis
  • The general aversion towards riskier bets
  • On the sectoral front, IT index has outperformed the other indices with Pharma, Auto and metal ended in the green, while selling witnessed in the Nifty Bank & PSU Bank and Media sector.
  • Reserve Bank of India in its Monetary Policy
  • Yield of 10 yr government bond
  • Movement of US indices such as Dow Jones, Nasdaq and S&P 500

MONTHLY INDICES PERFORMANCE

HOW ADVISERS DEALT WITH CRISIS-HIT CLIENTS

  • Apart from calming clients’ nerves, financial planners have had to wrap their heads around covid-19’s impact on various investments and cash flows
  • For clients who faced job losses and deep pay cuts, planners shifted the focus towards managing cash flows

 DONT JUST CONSIDER THE INTEREST RATES WHEN TAKING A HOME LOAN

  • PSU banks may offer lower rates, but check if the loan amount and turnaround time suit your needs
  • Lower rates may be available to new borrowers with a higher credit score or for smaller loan amounts

 INSTEAD OF TAKING A LARGE HEALTH COVER, USE TOP-UPS TO BOOST IT

  • A combination of individual, family floater and top-up health insurance plans can cover you adequately
  • It’s imperative to consider medical inflation, but the premiums for a large base cover will also go up as you age

THE POINT – HOLE IN THE POCKET

INDIA’S STIMULUS WAY BEHIND MOST

10 INVESTING THUMB RULES

  • One must know about these investing rules.

TECH REVIEW- APPLE iOS UPDATES

Click here to download the full report in pdf.

Arihant Team
The Arihant Team believes everyone deserves access to sophisticated financial advice. From day one, our mission has been to help make investing easier and accessible to every Indian. Our team of experts are curating informative and research-based article on this blog, to help make investing and managing your money easier for you!

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