A place of your own: How to decide about buying a home in a big city

Hello, readers! In this week's Personal Finance newsletter, we’ll help you decide whether to buy a home in a big city, explain why medical evacuation insurance is a must, and show you how to simplify DIY portfolio management with a multi-asset fund of funds, and more!

A decade ago, tenants in key cities like Bengaluru, Mumbai, Pune, Chennai, Hyderabad, and Delhi-NCR would rent nine times before buying a home. Today, the younger generation purchases after renting only four to five times, according to NoBroker, a no-brokerage property site.

In Bengaluru, the median age of first-time home buyers has dropped from 42 to 34 in three years, with millennials and Generation Z increasingly opting for homeownership over renting. But how do you decide about buying a home in a big city? Sanjay Kumar Singh and Bindisha Sarang explain. Read here

How debit, credit card insurance can save you after fraud, accidents & more

Medical evacuation insurance a must for your foreign travel

"You're trekking in Switzerland's Kandersteg valley when your foot gets stuck in a rocky gap. You fall, and the pain in your leg confirms your worst fear — it's fractured. The nearest medical facility that can properly treat your injury is miles away, only accessible by air ambulance. Moments like these remind you why having medical evacuation insurance is pertinent," writes Surbhi Gloria Singh . Read here

Avoid partial payout: Buy health insurance cover with fewer sub-limits

Simplify your DIY portfolio management with multi-asset fund of fund

At a time when asset classes like equities and gold have given high returns and are trading at near-peak levels, investors often struggle to pick the right investments. In such a scenario, fund of funds (FoFs) can be an effective tool for portfolio allocation. Recent tax changes in the budget have enhanced the appeal of these funds. In this story, Sarbajeet Sen explains how you can simply your DIY portfolio management with multi-asset fund of fund. Read here

Flexi-cap funds: Smart choice amid high valuations, potential volatility

Other Reads on Business Standard

Take a look at some of Business Standard's other insightful stories on NPS Vatsalya, retirement savings, mutual funds, and more:

NPS Vatsalya: Pension plan that starts early for child's financial security

Indian parents risk 64% of retirement savings for child's foreign education

When is the right time to redeem your mutual funds?

Close irregular PPF accounts of minors, shift to MFs, long-term FDs

Quant, Nippon's BAFs: Why some MFs are paring equity despite bull run

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