Your granpa and ma, parents may be at risk of fraud. Here's how to help
Hello, readers! In this week's Personal Finance newsletter, we will explain how your grandparents and parents may be at risk of fraud, the impact of the RBI's status quo on the repo rate on home loans, what investors must do to avoid losing money in intraday trading, and much more.
When older individuals fall victim to financial scams, the impact can be severe. Unlike younger victims, older adults have less time to recover their losses, which can significantly affect their independence, health, and overall well-being. In India, the elderly population currently numbers 153 million, highlighting the urgent need to protect this vulnerable group from financial exploitation. Surbhi Gloria Singh explains how you can help your grandparents and ageing parents. Read here
Lost your money in intraday trading? Try fundamentals-based investing
A recent study by the Securities and Exchange Board of India (Sebi) covering 7 million individual investors found that 71 per cent of those engaged in intraday trading in the equity cash segment lost money. Their average loss stood at Rs 5,371. Sanjay Kumar Singh explains the reasons behind these losses and what investors must do to avoid them. Read here
RBI holds repo rate at 6.5%, home loan EMIs unchanged: What you must do now
The Reserve Bank of India (RBI) on Thursday decided to keep the key repo rate steady at 6.5 per cent in its first monetary policy review following the Union Budget 2024. This marks the ninth consecutive time the rate has been held unchanged, aligning with market expectations. The unchanged repo rate means there will be no immediate effect on home loan EMIs. Here's what homebuyers must do now. Read here
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