Let’s Talk Money is your guide to financial stability and freedom. Join me as I delve into a wide array of topics each week. From tackling debt to making friends with the stock market, from gold to mutual funds, I am here to improve your financial wellness. But that’s not all! I will answer your money questions. Send them in at mailme@monikahalan.com
How to Redeen your Mutual Funds
In this episode, Monika delves into the RBI’s decision to maintain the repo rate at 6.5% despite market expectations of a 25 basis point cut. She explains the repo rate’s role as the interest rate at which the RBI lends to banks, influencing liquidity and inflation. The decision stems from the central bank's inflation-targeting mandate, which restricts easing rates amidst high inflation. However, the RBI cut the Cash Reserve Ratio (CRR) to 4%, injecting ₹1.16 lakh crore into the banking system.
Monika further discusses the rationale behind the RBI’s cautious approach. While core inflation remains within target, persistently high food inflation limits the scope for rate cuts. The CRR reduction is seen as a move to boost liquidity, with many viewing it as a precursor to a potential rate cut in early 2025. Lower growth forecasts and rising inflation add complexity to the economic outlook, reflecting the challenges of balancing growth and stability.
The episode also covers the concept of bond duration, a critical measure of interest rate risk in debt instruments. Monika explains how duration quantifies the sensitivity of bond prices to interest rate changes. Longer durations mean greater risk as bond prices drop sharply when rates rise. This segment sheds light on how advisors evaluate debt funds based on duration to align risk with investors’ goals, ensuring informed decision-making in volatile markets.
Listener queries focus on practical financial challenges. Miranda seeks clarity on mutual fund redemptions, comparing lump-sum investments and SIPs for short-term goals, and understanding the first-in-first-out rule for selling units. Nishant, a PSU employee, explores strategies to invest ₹18 lakh gifted by grandparents for his daughters’ future while weighing the merits of NPS Vatsalya versus index funds. Finally, Bunti seeks guidance on claiming bank FDs without a nominee, underscoring the importance of updated nominations and succession planning.
Monika further discusses the rationale behind the RBI’s cautious approach. While core inflation remains within target, persistently high food inflation limits the scope for rate cuts. The CRR reduction is seen as a move to boost liquidity, with many viewing it as a precursor to a potential rate cut in early 2025. Lower growth forecasts and rising inflation add complexity to the economic outlook, reflecting the challenges of balancing growth and stability.
The episode also covers the concept of bond duration, a critical measure of interest rate risk in debt instruments. Monika explains how duration quantifies the sensitivity of bond prices to interest rate changes. Longer durations mean greater risk as bond prices drop sharply when rates rise. This segment sheds light on how advisors evaluate debt funds based on duration to align risk with investors’ goals, ensuring informed decision-making in volatile markets.
Listener queries focus on practical financial challenges. Miranda seeks clarity on mutual fund redemptions, comparing lump-sum investments and SIPs for short-term goals, and understanding the first-in-first-out rule for selling units. Nishant, a PSU employee, explores strategies to invest ₹18 lakh gifted by grandparents for his daughters’ future while weighing the merits of NPS Vatsalya versus index funds. Finally, Bunti seeks guidance on claiming bank FDs without a nominee, underscoring the importance of updated nominations and succession planning.
What slowing GDP means for you
In this episode, Monika examines India’s slowing GDP growth, which fell to 5.4% in the second quarter (June-September 2024), pulling the first-half growth to 6%. A sluggish industrial sector, slower urban consumption, and muted private investments are key drivers, while rural spending and services have shown resilience. To meet the RBI’s projected 7% growth, faster economic activity is essential—a goal that now seems unlikely. Monika explores potential government spending and RBI rate cuts as possible solutions to reignite growth.
Slower GDP growth affects everyone, from limited job opportunities and salary hikes to reduced returns for investors. Monika highlights the need for employees to enhance job security and for investors to maintain disciplined asset allocation. Avoiding reactive shifts between equities and safer instruments is critical to navigating these challenging times.
The episode also introduces the government’s PAN 2.0 project, which consolidates PAN, TAN, and TIN into a single identifier to simplify compliance for businesses. Monika reassures listeners that while this benefits businesses, individuals only need to verify their contact details to receive the updated QR-coded PAN card. Links to government resources for further information are shared.
Listener queries explore diverse financial topics. Nagendra from Bengaluru asks about balancing active and index funds across market caps. Akhila, starting a new job abroad, seeks advice on debt repayment, emergency savings, and retirement planning. Varun from Chennai discusses efficient gold investments and portfolio management, raising questions about long-term strategies and intergenerational financial planning.
Slower GDP growth affects everyone, from limited job opportunities and salary hikes to reduced returns for investors. Monika highlights the need for employees to enhance job security and for investors to maintain disciplined asset allocation. Avoiding reactive shifts between equities and safer instruments is critical to navigating these challenging times.
The episode also introduces the government’s PAN 2.0 project, which consolidates PAN, TAN, and TIN into a single identifier to simplify compliance for businesses. Monika reassures listeners that while this benefits businesses, individuals only need to verify their contact details to receive the updated QR-coded PAN card. Links to government resources for further information are shared.
Listener queries explore diverse financial topics. Nagendra from Bengaluru asks about balancing active and index funds across market caps. Akhila, starting a new job abroad, seeks advice on debt repayment, emergency savings, and retirement planning. Varun from Chennai discusses efficient gold investments and portfolio management, raising questions about long-term strategies and intergenerational financial planning.
Should you pay off your future partner's debts?
In this episode, Monika delves into a significant move by the Indian government and financial regulator to address the mis-selling of insurance products by banks. At a recent banking event, Finance Minister Nirmala Sitharaman highlighted the need for banks to prioritize their core business—mobilising deposits and lending. She noted that aggressive insurance sales have indirectly increased borrowing costs for customers, signaling a call for reform. IRDAI Chairman Debashish Panda echoed this, urging banks to keep insurance sales secondary to their primary banking functions. Together, these statements hint at a potential shift in banking practices, putting customer needs above aggressive sales targets.
Monika explains how bank staff are incentivized to push high-commission products, like money-back or endowment policies, often at the expense of traditional fixed deposits. This has slowed deposit growth, with first-year insurance premiums via bank channels hitting Rs 81,000 crore in 2022-23. The push for change may depend on the RBI’s role, which is key to enforcing stricter guidelines and shielding consumers from misleading sales practices. Successful reforms could ease pressure on customers, especially those needing more traditional banking services.
The episode also covers the concept of the discount rate, a crucial financial tool for assessing investment value. Monika illustrates how the discount rate helps calculate the present value of future cash flows, aiding in financial planning. By comparing various investment options—from secure bank deposits to riskier equities—listeners learn how risk impacts expected returns. This segment aims to equip the audience with a clearer understanding of making well-informed investment decisions.
Listener questions span several financial scenarios. Megha (name changed) seeks advice on balancing transparency with her fiancé while safeguarding her assets. Vishwas, a freelancer, asks how to adapt the 3-account cash flow system for irregular income. Pooja from Bangalore shares her path to financial independence and seeks Monika’s thoughts on legacy planning as a single woman, discussing inheritance and charitable giving. These real-life cases provide practical insight into financial challenges and choices many face today.
Monika explains how bank staff are incentivized to push high-commission products, like money-back or endowment policies, often at the expense of traditional fixed deposits. This has slowed deposit growth, with first-year insurance premiums via bank channels hitting Rs 81,000 crore in 2022-23. The push for change may depend on the RBI’s role, which is key to enforcing stricter guidelines and shielding consumers from misleading sales practices. Successful reforms could ease pressure on customers, especially those needing more traditional banking services.
The episode also covers the concept of the discount rate, a crucial financial tool for assessing investment value. Monika illustrates how the discount rate helps calculate the present value of future cash flows, aiding in financial planning. By comparing various investment options—from secure bank deposits to riskier equities—listeners learn how risk impacts expected returns. This segment aims to equip the audience with a clearer understanding of making well-informed investment decisions.
Listener questions span several financial scenarios. Megha (name changed) seeks advice on balancing transparency with her fiancé while safeguarding her assets. Vishwas, a freelancer, asks how to adapt the 3-account cash flow system for irregular income. Pooja from Bangalore shares her path to financial independence and seeks Monika’s thoughts on legacy planning as a single woman, discussing inheritance and charitable giving. These real-life cases provide practical insight into financial challenges and choices many face today.
Why is Inflation So High?
In this episode, Monika explores why inflation has surged in India, hitting 6.2% in October 2024, the highest in over a year. She explains how inflation is measured using the Consumer Price Index (CPI), which tracks price changes in a basket of consumer goods and services. A consistent rise in the CPI indicates inflation, with a recent jump reflecting concerns about India’s economic stability. The ideal inflation target for India is set between 2% and 6%, with 4% considered optimal for growth, but the current numbers exceed this range.
Monika discusses the key contributors to the recent spike, particularly food inflation. October saw food and beverage prices soar to 9.69%, driven by a 42.2% increase in vegetable costs, along with rising cereal and oil prices. She highlights the persistent food inflation due to extreme weather conditions and challenges in the agricultural sector, exacerbated by the government’s struggle to implement necessary reforms. These factors complicate inflation control, and Monika predicts that inflation might not ease until early next year, affecting consumer spending and economic growth.
The recent closure of Durga Cooperative Bank is also discussed in this episode. The RBI canceled the bank’s license, forcing customers to rely on deposit insurance for refunds. This situation underscores the risks of choosing high-interest cooperative banks, leading to a recommendation to prioritize safer options like large public or private banks for emergency fund deposits.
Listener queries include Raj Krishan (name changed), who asks if his family’s net worth of INR 7 crore, along with other resources, is sufficient to support his upcoming career switch to entrepreneurship. Another listener, Smitha, shares concerns about financial stability after returning from Australia and asks for guidance on managing property inheritance and finding employment in India. Lastly, Kumarjit inquires about how to choose a reliable financial planner, seeking clarity on professional credentials and fee structures.
Monika discusses the key contributors to the recent spike, particularly food inflation. October saw food and beverage prices soar to 9.69%, driven by a 42.2% increase in vegetable costs, along with rising cereal and oil prices. She highlights the persistent food inflation due to extreme weather conditions and challenges in the agricultural sector, exacerbated by the government’s struggle to implement necessary reforms. These factors complicate inflation control, and Monika predicts that inflation might not ease until early next year, affecting consumer spending and economic growth.
The recent closure of Durga Cooperative Bank is also discussed in this episode. The RBI canceled the bank’s license, forcing customers to rely on deposit insurance for refunds. This situation underscores the risks of choosing high-interest cooperative banks, leading to a recommendation to prioritize safer options like large public or private banks for emergency fund deposits.
Listener queries include Raj Krishan (name changed), who asks if his family’s net worth of INR 7 crore, along with other resources, is sufficient to support his upcoming career switch to entrepreneurship. Another listener, Smitha, shares concerns about financial stability after returning from Australia and asks for guidance on managing property inheritance and finding employment in India. Lastly, Kumarjit inquires about how to choose a reliable financial planner, seeking clarity on professional credentials and fee structures.
Will Crypto get a Trump Boost?
In this episode, Monika explores the potential impact of a Trump presidency on the cryptocurrency market. Following recent U.S. election results, the crypto industry celebrated as Donald Trump returns to the White House as the 37th President of the United States, prompting a sharp rise in Bitcoin and other cryptocurrency prices. Many in the industry expect a more relaxed regulatory approach under Trump, including his proposal for a federal reserve of Bitcoin, which could position Bitcoin as a recognized asset if a major country begins to hold it in its reserves.
She explains the concept of national reserves, which are assets held by central banks, like the Federal Reserve in the U.S. or the RBI in India, and typically include hard currencies and assets like gold. Adding Bitcoin to this mix would represent a significant shift, potentially complicating the Fed’s role in managing the money supply and interest rates. Monika cautions listeners about the risks of investing in an asset that isn’t regulated in India.
Monika addresses a common question from her followers: Are systematic investment plans (SIPs) still a viable strategy? While some argue that SIPs may not yield strong long-term gains, she clarifies that SIP performance depends on the quality of the mutual fund chosen and a long-term investment horizon. Although Sensex and Nifty have returned around 23% per year in recent years, she reminds investors that returns tend to normalize to historical averages of 12-14% annually.
In listener queries, Sarvesh Sinha (name changed) seeks advice on whether to use funds from underperforming mutual funds to pay off a personal loan he took to help a family member. Shivanand Patil wonders if he should redirect SIP contributions to pay off his home loan sooner. Lastly, Rohit Kumar (name changed) asks about adding gold and international investments to his portfolio.
She explains the concept of national reserves, which are assets held by central banks, like the Federal Reserve in the U.S. or the RBI in India, and typically include hard currencies and assets like gold. Adding Bitcoin to this mix would represent a significant shift, potentially complicating the Fed’s role in managing the money supply and interest rates. Monika cautions listeners about the risks of investing in an asset that isn’t regulated in India.
Monika addresses a common question from her followers: Are systematic investment plans (SIPs) still a viable strategy? While some argue that SIPs may not yield strong long-term gains, she clarifies that SIP performance depends on the quality of the mutual fund chosen and a long-term investment horizon. Although Sensex and Nifty have returned around 23% per year in recent years, she reminds investors that returns tend to normalize to historical averages of 12-14% annually.
In listener queries, Sarvesh Sinha (name changed) seeks advice on whether to use funds from underperforming mutual funds to pay off a personal loan he took to help a family member. Shivanand Patil wonders if he should redirect SIP contributions to pay off his home loan sooner. Lastly, Rohit Kumar (name changed) asks about adding gold and international investments to his portfolio.
Why are Markets Choppy?
In this episode, Monika explains why Indian stock markets, after a four-year bull run, are now experiencing choppy waters. She discusses how markets sometimes grow ahead of the economy’s fundamentals, leading to short-term volatility. She highlights that while Sensex has returned a remarkable 23% per year over the last four years, long-term averages show more moderate returns. Investors should prepare for lower returns in the near future, possibly high single digits or low double digits, aligning with historical averages.
Monika also examines the role of Foreign Institutional Investors (FIIs) in recent market fluctuations. FIIs withdrew over Rs 88,000 crore from Indian equities in October 2024, partly to rebalance portfolios and shift funds back to the US amid election uncertainties. However, she notes that strong domestic investments through mutual funds and retirement accounts have cushioned the impact, preventing a larger market drop. Monika advises investors to stay focused on asset allocation rather than reacting to short-term FII moves.
The episode also addresses estate planning, with Monika stressing the importance of preparing an efficient asset handover. She recommends essential steps, like naming nominees on all financial accounts, keeping property documents accessible, and writing a registered will. By organizing assets now, families can avoid unnecessary stress and financial setbacks later on.
In listener queries, Richa Kukreja, a single working woman, seeks guidance on building a retirement corpus of INR 5 crore by age 60 through mutual funds. Sahil Kapoor from Dallas asks about tracking mutual fund returns and whether XIRR or annualized returns are more effective for this purpose. Lastly, Vidya, nearing retirement, shares her concerns about protecting her investments amidst global uncertainties and the potential impact on her mutual fund portfolio.
Monika also examines the role of Foreign Institutional Investors (FIIs) in recent market fluctuations. FIIs withdrew over Rs 88,000 crore from Indian equities in October 2024, partly to rebalance portfolios and shift funds back to the US amid election uncertainties. However, she notes that strong domestic investments through mutual funds and retirement accounts have cushioned the impact, preventing a larger market drop. Monika advises investors to stay focused on asset allocation rather than reacting to short-term FII moves.
The episode also addresses estate planning, with Monika stressing the importance of preparing an efficient asset handover. She recommends essential steps, like naming nominees on all financial accounts, keeping property documents accessible, and writing a registered will. By organizing assets now, families can avoid unnecessary stress and financial setbacks later on.
In listener queries, Richa Kukreja, a single working woman, seeks guidance on building a retirement corpus of INR 5 crore by age 60 through mutual funds. Sahil Kapoor from Dallas asks about tracking mutual fund returns and whether XIRR or annualized returns are more effective for this purpose. Lastly, Vidya, nearing retirement, shares her concerns about protecting her investments amidst global uncertainties and the potential impact on her mutual fund portfolio.
Should you Buy or Rent?
In this episode, Monika discusses the protests by life insurance agents against recent policy changes favoring policyholders. Insurance agents, news reports say, are upset over reduced commissions and clawbacks due to new IRDAI rules that allow investors to keep more money when surrendering policies early. Effective from October 1, 2024, these changes aim to protect policyholders from harsh penalties while addressing mis-selling issues. Monika views these shifts positively for investors and recommends opting for term policies and direct investments over bundled insurance plans.
The episode also addresses the question of whether young people in their 20s and 30s should buy or rent a home. Monika advises that purchasing should only occur if one plans to stay long-term, as real estate is not an ideal investment due to low rental yields and variable appreciation. For those seeking flexibility in their careers, renting is often a smarter choice. She emphasizes the financial trade-offs involved in this decision, noting that buying early may limit career opportunities.
In listener queries, Nripjit Singh Chawla asks if he should redeem his equity mutual fund investments for an index fund. Monika advises against rushing this decision and suggests evaluating the current portfolio first. Dr. Abhinabha Saha, a 26-year-old doctor from Kolkata, wonders whether to take a loan for an MBA or use investments. Monika recommends a mix of both to balance costs. Lastly, Chandan Kundapur from the US seeks advice on generating monthly cash flow from mutual funds. Monika suggests utilizing a Systematic Withdrawal Plan (SWP) and consulting a financial planner for international relocation.
The episode also addresses the question of whether young people in their 20s and 30s should buy or rent a home. Monika advises that purchasing should only occur if one plans to stay long-term, as real estate is not an ideal investment due to low rental yields and variable appreciation. For those seeking flexibility in their careers, renting is often a smarter choice. She emphasizes the financial trade-offs involved in this decision, noting that buying early may limit career opportunities.
In listener queries, Nripjit Singh Chawla asks if he should redeem his equity mutual fund investments for an index fund. Monika advises against rushing this decision and suggests evaluating the current portfolio first. Dr. Abhinabha Saha, a 26-year-old doctor from Kolkata, wonders whether to take a loan for an MBA or use investments. Monika recommends a mix of both to balance costs. Lastly, Chandan Kundapur from the US seeks advice on generating monthly cash flow from mutual funds. Monika suggests utilizing a Systematic Withdrawal Plan (SWP) and consulting a financial planner for international relocation.
Job loss, Direct vs Regular and Family Finances
In this episode, Monika reflects on the Durga Puja week, sharing her joy in visiting pandals while noting the limited news that led to her changing the episode format by addressing five listener questions instead of the usual 3.
Anonymous from Bengaluru, nearing retirement, faces the dilemma of paying his sisters Rs 1.2 crore for an inherited home, with suggestions like selling his rental flat or staggering payments over five years. Sachin Gupta from NOIDA, recently laid off at 40, wonders about withdrawing from his EPF for investments; the advice is to continue the job search for 6-12 months. Saurab Roy seeks guidance on increasing SIP contributions with 12 mutual funds, and consolidation to one platform while reducing funds to 8-10 is encouraged. Nayan Paliwal plans to use a windfall bonus for a home down payment in 1.5-2 years, and fixed deposits are recommended for safety. Finally, Amit Kohly, an NRI considering a switch from regular to direct mutual fund plans, is advised on potential tax implications and a gradual transition. This episode emphasizes the importance of informed financial decision-making in balancing family obligations and investment strategies.
Next, Monika covers the new rules for transferring financial products like mutual funds, stocks, and listed bonds. Sebi now allows up to 10 nominees and has simplified the inheritance process for easier management by heirs and joint owners, particularly for elderly or incapacitated investors.
In listener queries, Dr. Prateek Srivastava faces a dilemma about taking over his mother’s home loan. Monika suggests exploring options like splitting the loan burden between siblings or selling the house to reduce the financial strain while ensuring a valid will is in place. She also advises Shilpa K to keep her emergency fund safe in a large commercial bank rather than chasing higher returns in small finance banks. Lastly, Namit Saxena, who holds 40 mutual fund folios, is encouraged to streamline his portfolio to 6-8 funds, using tax exemptions to rebalance over time.
Anonymous from Bengaluru, nearing retirement, faces the dilemma of paying his sisters Rs 1.2 crore for an inherited home, with suggestions like selling his rental flat or staggering payments over five years. Sachin Gupta from NOIDA, recently laid off at 40, wonders about withdrawing from his EPF for investments; the advice is to continue the job search for 6-12 months. Saurab Roy seeks guidance on increasing SIP contributions with 12 mutual funds, and consolidation to one platform while reducing funds to 8-10 is encouraged. Nayan Paliwal plans to use a windfall bonus for a home down payment in 1.5-2 years, and fixed deposits are recommended for safety. Finally, Amit Kohly, an NRI considering a switch from regular to direct mutual fund plans, is advised on potential tax implications and a gradual transition. This episode emphasizes the importance of informed financial decision-making in balancing family obligations and investment strategies.
Next, Monika covers the new rules for transferring financial products like mutual funds, stocks, and listed bonds. Sebi now allows up to 10 nominees and has simplified the inheritance process for easier management by heirs and joint owners, particularly for elderly or incapacitated investors.
In listener queries, Dr. Prateek Srivastava faces a dilemma about taking over his mother’s home loan. Monika suggests exploring options like splitting the loan burden between siblings or selling the house to reduce the financial strain while ensuring a valid will is in place. She also advises Shilpa K to keep her emergency fund safe in a large commercial bank rather than chasing higher returns in small finance banks. Lastly, Namit Saxena, who holds 40 mutual fund folios, is encouraged to streamline his portfolio to 6-8 funds, using tax exemptions to rebalance over time.
New Mutual Fund Category for Risk Takers
In this episode, Monika discusses Sebi’s recent announcement of a new mutual fund category for high-net-worth investors. This new category will allow for higher-risk, potentially higher-return products, with a minimum investment of Rs 10 lakh. It aims to expand investment options without increasing risk in the broader market. Monika highlights the current limitations in mutual fund categories and explains how this change will give more flexibility in investment strategies. She will update listeners as more details emerge, especially regarding costs and fees.
Next, Monika covers the new rules for transferring financial products like mutual funds, stocks, and listed bonds. Sebi now allows up to 10 nominees and has simplified the inheritance process for easier management by heirs and joint owners, particularly for elderly or incapacitated investors.
In listener queries, Dr. Prateek Srivastava faces a dilemma about taking over his mother’s home loan. Monika suggests exploring options like splitting the loan burden between siblings or selling the house to reduce the financial strain while ensuring a valid will is in place. She also advises Shilpa K to keep her emergency fund safe in a large commercial bank rather than chasing higher returns in small finance banks. Lastly, Namit Saxena, who holds 40 mutual fund folios, is encouraged to streamline his portfolio to 6-8 funds, using tax exemptions to rebalance over time.
Next, Monika covers the new rules for transferring financial products like mutual funds, stocks, and listed bonds. Sebi now allows up to 10 nominees and has simplified the inheritance process for easier management by heirs and joint owners, particularly for elderly or incapacitated investors.
In listener queries, Dr. Prateek Srivastava faces a dilemma about taking over his mother’s home loan. Monika suggests exploring options like splitting the loan burden between siblings or selling the house to reduce the financial strain while ensuring a valid will is in place. She also advises Shilpa K to keep her emergency fund safe in a large commercial bank rather than chasing higher returns in small finance banks. Lastly, Namit Saxena, who holds 40 mutual fund folios, is encouraged to streamline his portfolio to 6-8 funds, using tax exemptions to rebalance over time.
Surrender Values, Expense Ratios and Real Estate
In this episode, Monika discusses recent changes in life insurance policies that have resulted in improved surrender values for policyholders starting October 1, 2024. Previously, policyholders faced harsh penalties for exiting mid-term, but now they can recover more than 70% of their premiums even after the first payment, and nearly 90% after five payments. This is a significant step towards better treatment of investors, though the insurance industry may still try to navigate around these regulations.
Cryptos, FDs and Smart Beta Funds
In this episode, Monika presents an intriguing blend of insights and answers to listener questions.
First, she explores how several non-US countries are seeking alternatives to the dollar-based global payment system, particularly regarding cryptocurrency. She clarifies that this discussion isn't an investment recommendation but highlights its implications for the future of global transactions.
Next, Monika dives into a micro event: Airtel’s new app-based fixed deposit service that launched on September 1, 2024. This innovation aims to simplify FD investments by allowing users to choose deposits from various banks through an easy-to-use dashboard. She also shares some risks, especially regarding higher interest rates from smaller banks.
Finally, Monika addresses three listener questions: one asks whether to pay off a home loan given the changing tax landscape; another inquires about the potential benefits of smart beta funds compared to traditional index ETFs; and the last expresses frustration over unequal investment allocations between spouses, seeking advice on how to handle this with their financial advisor.
First, she explores how several non-US countries are seeking alternatives to the dollar-based global payment system, particularly regarding cryptocurrency. She clarifies that this discussion isn't an investment recommendation but highlights its implications for the future of global transactions.
Next, Monika dives into a micro event: Airtel’s new app-based fixed deposit service that launched on September 1, 2024. This innovation aims to simplify FD investments by allowing users to choose deposits from various banks through an easy-to-use dashboard. She also shares some risks, especially regarding higher interest rates from smaller banks.
Finally, Monika addresses three listener questions: one asks whether to pay off a home loan given the changing tax landscape; another inquires about the potential benefits of smart beta funds compared to traditional index ETFs; and the last expresses frustration over unequal investment allocations between spouses, seeking advice on how to handle this with their financial advisor.
When to Sell in a Bull Market
Monika brings a new format to her podcast from this episode onwards.
She will first tell you what a macro event means for you. This episode she tells you the impact of government spending on GDP growth and how that matters in your financial life. Then she will unpack a micro event. This week it is the changes in the Public Provident Fund that go live from October 1, 2024.
She then answers three listener questions. The first one has to do with when to sell in a bull market. Next is a question on shifting to a more tax advantaged product than debt funds. And last, a worry about planning mutual fund investments so that the kids can get the money without having to sell the funds.
She will first tell you what a macro event means for you. This episode she tells you the impact of government spending on GDP growth and how that matters in your financial life. Then she will unpack a micro event. This week it is the changes in the Public Provident Fund that go live from October 1, 2024.
She then answers three listener questions. The first one has to do with when to sell in a bull market. Next is a question on shifting to a more tax advantaged product than debt funds. And last, a worry about planning mutual fund investments so that the kids can get the money without having to sell the funds.
Did you know what I found common in your Money Worries?
From the challenge of starting one's financial journey to the intricacies of portfolio creation and the looming concern of retirement, Monika Halan addresses the most common money worries listeners have shared throughout the show. Tune in to learn why it's never too late to begin managing your money, the importance of diversified investments, and how to avoid common pitfalls with insurance products.
Monika also tackles pertinent questions about how to ensure financial security while working in a family business, whether you should get out of your insurance policy or see it through, health insurance for those with pre-existing diseases, and why you should not place emergency funds in cooperative and small-scale banks.
Monika also tackles pertinent questions about how to ensure financial security while working in a family business, whether you should get out of your insurance policy or see it through, health insurance for those with pre-existing diseases, and why you should not place emergency funds in cooperative and small-scale banks.
How to use Debt Products in your portfolio?
In this episode, Monika Halan demystifies the concept of debt in investing. Learn how familiar products like bank FDs, bonds, and PPF fit into your financial strategy, providing stability and assured returns. Monika explains the role of debt products in balancing your portfolio and offers insights into using bond funds for various financial goals. Tune in to understand the nuances of debt investing and how it complements equity for a well-rounded portfolio.
Monika also answers questions about whether you should invest in the NPS if one is already contributing to EPF, how to firm up your allocation and retirement corpus before marriage, and how to invest your gratuity amount for a short term duration.
Monika also answers questions about whether you should invest in the NPS if one is already contributing to EPF, how to firm up your allocation and retirement corpus before marriage, and how to invest your gratuity amount for a short term duration.
How can women build their money muscles?
Today, Monika addresses the critical issue of women and financial independence. She discusses how women have traditionally used methods like kitty parties and gold investments to secure their finances. Monika emphasises the importance of women transitioning to formal financial products like PPF and mutual funds, and provides actionable steps for women to build their financial security and take control of their assets.
Monika also answers your questions about investing in Mutual Funds over ULIPs and what to look for when selecting a fund, how to teach financial literacy to your kids, whether it’s wise to open a demat account in the name of non-earning family members, and opting for mutual funds over exchange traded funds.
Monika also answers your questions about investing in Mutual Funds over ULIPs and what to look for when selecting a fund, how to teach financial literacy to your kids, whether it’s wise to open a demat account in the name of non-earning family members, and opting for mutual funds over exchange traded funds.
Can you trick your brain to make better money decisions?
In this episode of Let's Talk Money, Monika Halan breaks down what loss aversion is, and how it affects our financial decisions. She explains how simple nudges can help us overcome irrational behaviours and make better financial choices. Monika shares practical tips for organising finances and setting saving goals, along with examples of successful state-sponsored programs.
Monika also answers your questions about the pros and cons of opting for a Portfolio Management Scheme over Mutual Funds, asset allocations in equity and debt for someone working in the IT industry, and why one should opt for the broad market index funds.
Monika also answers your questions about the pros and cons of opting for a Portfolio Management Scheme over Mutual Funds, asset allocations in equity and debt for someone working in the IT industry, and why one should opt for the broad market index funds.
How Will Budget 2024 Affect Your Finances?
In this episode, Monika dives into the key highlights and implications of India's Budget 2024. Discover how the new tax slabs and increased standard deductions will affect the middle class, the changes in capital gains taxes, and what they mean for your investments. Monika also explores the government's steps towards job creation, the regulation of the futures and options market, and the broader impact of these measures on everyday life.This week, Monika takes on concerns from the team about the Budget! She answers questions about losing out on real estate indexation, how the Budget impacts small business owners, and things we should keep in mind with the revised capital gains taxes.
How Can SEBI Safeguard Investor Interests in a Dynamic Market? Monika Halan in conversation with Ashwani Bhatia
We have a special episode for you this week! Monika Halan sits down with Ashwani Bhatia, a whole time member (WTM) of the Securities and Exchange Board of India (SEBI), to delve into the measures and strategies SEBI employs to protect investor interests in an ever-evolving market landscape.
They discuss the role of SEBI in maintaining market integrity, the importance of investor education, and the steps being taken to combat financial fraud. Tune in to understand how SEBI's regulatory framework adapts to changing market dynamics and what investors can do to safeguard their investments.
They discuss the role of SEBI in maintaining market integrity, the importance of investor education, and the steps being taken to combat financial fraud. Tune in to understand how SEBI's regulatory framework adapts to changing market dynamics and what investors can do to safeguard their investments.
How To Financially Survive A Job Loss?
Today, Monika dives into the complexities of managing finances in a joint family setup. From sharing expenses and building personal assets to ensuring proper insurance and drafting a Will, she offers practical advice to help you navigate the financial dynamics of living with extended family. With real-life stories of both pitfalls and successes, Monika guides you on how to balance love, responsibility, and financial independence within the family. Tune in for essential tips on maintaining harmony and securing your financial future amidst the challenges of joint family living.
Monika also helps you navigate through building an early retirement corpus for short service retirees in the air force, how to include your partner in financial planning, and the right time to surrender your ULIPs.
Monika also helps you navigate through building an early retirement corpus for short service retirees in the air force, how to include your partner in financial planning, and the right time to surrender your ULIPs.
How To Financially Survive A Job Loss?
In this episode, Monika discusses the financial steps to take after an unexpected job loss. She provides practical advice on negotiating severance packages, extending medical benefits, consolidating finances, and cutting discretionary expenses. Monika also emphasises the importance of having a financial plan ready, highlights resources for unemployment support, and offers tips to stay mentally resilient while seeking new employment. Tune in to learn how to navigate the financial challenges of job loss and prepare for a more secure future.
Monika also helps you navigate through building an early retirement corpus for short service retirees in the air force, how to include your partner in financial planning, and the right time to surrender your ULIPs.
Monika also helps you navigate through building an early retirement corpus for short service retirees in the air force, how to include your partner in financial planning, and the right time to surrender your ULIPs.
What Does Your Raise Say About Your Career Prospects?
This week, Monika delves into the best way of utilising your raise. She discusses the importance of understanding inflation-adjusted raises, evaluating your performance relative to company averages, and considering strategic job changes for better compensation. Tune in for practical advice on how to respond to your raise and make informed decisions about your career and financial future.
Monika also answers your questions about the pros and cons of purchasing medical insurance for retirement if in a government job, the optimal duration for your loans, whether NRIs should consider debt funds despite recent tax changes, and the reliability of new fund offers.
Monika also answers your questions about the pros and cons of purchasing medical insurance for retirement if in a government job, the optimal duration for your loans, whether NRIs should consider debt funds despite recent tax changes, and the reliability of new fund offers.
How Should You Handle A Windfall Gain?
Today, Monika dives into the best strategies for handling windfall gains. Whether it's a bonus, tax refund, or inheritance, Monika explains how to balance spending, debt repayment, and investing to maximise your financial well-being and avoid common pitfalls. Discover how to make thoughtful decisions that enhance your financial future while enjoying the present.
Monika also addresses how to rebuild an emergency fund after relocating, the strategies for early retirement and sustaining expenses long-term, and the importance of evaluating mutual fund schemes over individual fund managers.
Monika also addresses how to rebuild an emergency fund after relocating, the strategies for early retirement and sustaining expenses long-term, and the importance of evaluating mutual fund schemes over individual fund managers.
Are You Financially Ready To Start Your Business?
In today’s episode, Monika explores the crucial financial steps to take before transitioning from a secure job to launching your own start-up. She breaks down how to estimate start-up costs, secure initial funding, and budget for personal living expenses during the early, income-less years of your venture. She also discusses the importance of having medical and vehicle insurance, maintaining an emergency fund, and having a solid backup plan in case your business doesn't take off. Join us as Monika dives into the financial groundwork essential for turning your entrepreneurial dreams into reality.
Monika also answers your questions about strategies for restructuring your mutual fund portfolio without incurring high capital gains taxes, how to navigate conflicting financial advice, and the best approaches to balancing debt and equity investments for long-term financial goals.
Monika also answers your questions about strategies for restructuring your mutual fund portfolio without incurring high capital gains taxes, how to navigate conflicting financial advice, and the best approaches to balancing debt and equity investments for long-term financial goals.
How Can You Secure Your Child’s Financial Future?
We’re back with a new episode of practical financial advice to help you make informed decisions about your money!
In this episode of Let’s Talk Money, Monika explores how to build financial security for your child's present and future. Learn the importance of putting in place your own life cover and your medical insurance, as well as the necessity of drafting a Will. She also discusses smart investment strategies, such as starting an index fund and a monthly SIP for higher education. Tune in for essential advice on securing your family's financial well-being.
Monika also tackles your questions about flexible travel investment options, the flow between income and investment accounts, and achieving long-term financial goals amid potential tax changes.
In this episode of Let’s Talk Money, Monika explores how to build financial security for your child's present and future. Learn the importance of putting in place your own life cover and your medical insurance, as well as the necessity of drafting a Will. She also discusses smart investment strategies, such as starting an index fund and a monthly SIP for higher education. Tune in for essential advice on securing your family's financial well-being.
Monika also tackles your questions about flexible travel investment options, the flow between income and investment accounts, and achieving long-term financial goals amid potential tax changes.
Understanding if NPS Works For You
On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it.
This week, Monika unravels the backstory of the National Pension System (NPS), tracing its origins from the OASIS Project committee to its implementation by the Indian government. Learn how the NPS emerged as a defined contribution, low-cost scheme to address old age security concerns, particularly for those outside the organised sector. Discover the intricacies of the NPS, its investment options, tax benefits, and considerations for individuals seeking long-term financial stability. Tune in for practical advice on navigating the complexities of retirement planning with the NPS.
Monika also answers your questions about money back and endowment policies, and whether you should opt for a regular plan or a direct plan while investing!
This week, Monika unravels the backstory of the National Pension System (NPS), tracing its origins from the OASIS Project committee to its implementation by the Indian government. Learn how the NPS emerged as a defined contribution, low-cost scheme to address old age security concerns, particularly for those outside the organised sector. Discover the intricacies of the NPS, its investment options, tax benefits, and considerations for individuals seeking long-term financial stability. Tune in for practical advice on navigating the complexities of retirement planning with the NPS.
Monika also answers your questions about money back and endowment policies, and whether you should opt for a regular plan or a direct plan while investing!
From Simply Saving to Intelligent Investing
On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it.
Today, Monika unravels the crucial distinction between saving and investing, emphasising why they should never be used interchangeably. From understanding the basics of savings to exploring the potential of investments across various asset classes, she delves into the transformative power of transitioning from savers to intelligent investors.
Also, she answers your pressing questions about how much is enough for a retirement kitty if you have kids, how to get out of a crippling debt cycle, and whether you should opt for an education loan or let your parents cover your expenses.
Today, Monika unravels the crucial distinction between saving and investing, emphasising why they should never be used interchangeably. From understanding the basics of savings to exploring the potential of investments across various asset classes, she delves into the transformative power of transitioning from savers to intelligent investors.
Also, she answers your pressing questions about how much is enough for a retirement kitty if you have kids, how to get out of a crippling debt cycle, and whether you should opt for an education loan or let your parents cover your expenses.
Making Smart Homeownership Decisions
On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it.
This week, Monika dives into the age-old debate: Should you rent or buy a home? Exploring generational shifts in home ownership patterns and debunking conventional wisdom, she navigates through the complexities of EMIs, down payments, and fixed versus floating interest rates.
Monika also answers your questions about what to consider when you’re opening your first bank account, how to decide how much you need in your retirement corpus and build towards it, and investing in India as an NRI.
This week, Monika dives into the age-old debate: Should you rent or buy a home? Exploring generational shifts in home ownership patterns and debunking conventional wisdom, she navigates through the complexities of EMIs, down payments, and fixed versus floating interest rates.
Monika also answers your questions about what to consider when you’re opening your first bank account, how to decide how much you need in your retirement corpus and build towards it, and investing in India as an NRI.
The ABC of Health Insurance
On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it.
Today we’re talking about medical insurance and the pitfalls of purchasing policies without understanding the fine print. We have a checklist that will help you find the right medical insurance plan - helping you understand how to balance premium costs with comprehensive benefits, navigating co-pay clauses and pre-existing disease coverage. Tune in as we demystify the intricacies of medical insurance and help safeguard your financial well-being in times of medical emergencies.
Monika also answers questions about how to build financial fitness as a gig worker, how to manage joint expenses with your partner when you move in together, and how to plan your expenses when raising children.On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it.
Today we’re talking about medical insurance and the pitfalls of purchasing policies without understanding the fine print. We have a checklist that will help you find the right medical insurance plan - helping you understand how to balance premium costs with comprehensive benefits, navigating co-pay clauses and pre-existing disease coverage. Tune in as we demystify the intricacies of medical insurance and help safeguard your financial well-being in times of medical emergencies.
Monika also answers questions about how to build financial fitness as a gig worker, how to manage joint expenses with your partner when you move in together, and how to plan your expenses when raising children.
Today we’re talking about medical insurance and the pitfalls of purchasing policies without understanding the fine print. We have a checklist that will help you find the right medical insurance plan - helping you understand how to balance premium costs with comprehensive benefits, navigating co-pay clauses and pre-existing disease coverage. Tune in as we demystify the intricacies of medical insurance and help safeguard your financial well-being in times of medical emergencies.
Monika also answers questions about how to build financial fitness as a gig worker, how to manage joint expenses with your partner when you move in together, and how to plan your expenses when raising children.On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it.
Today we’re talking about medical insurance and the pitfalls of purchasing policies without understanding the fine print. We have a checklist that will help you find the right medical insurance plan - helping you understand how to balance premium costs with comprehensive benefits, navigating co-pay clauses and pre-existing disease coverage. Tune in as we demystify the intricacies of medical insurance and help safeguard your financial well-being in times of medical emergencies.
Monika also answers questions about how to build financial fitness as a gig worker, how to manage joint expenses with your partner when you move in together, and how to plan your expenses when raising children.
Should You Ever Buy a Bundled Life Insurance Product?
In this episode of Let's Talk Money, host Monika Halan dives deep into the pitfalls of bundled life insurance products, urging listeners to steer clear of these financial traps. She reveals how traditional plans like money back and endowment policies prey on investors with deceptive sales tactics, hefty surrender costs, and paltry returns. With a critical eye on regulatory shortcomings, Monika empowers listeners to protect their financial interests by steering clear of bundled insurance and opting for more transparent investment options.
From optimising investments for multiple goals to opening a PPF account for a child, no topic is left untouched. Monika also answers your questions about strategies for lump sum investments versus SIPs, along with considerations for emergency fund placement. Join us for invaluable insights into navigating the complexities of personal finance.
From optimising investments for multiple goals to opening a PPF account for a child, no topic is left untouched. Monika also answers your questions about strategies for lump sum investments versus SIPs, along with considerations for emergency fund placement. Join us for invaluable insights into navigating the complexities of personal finance.
How Does Capital Gains Tax Impact Your Investments?
As tax-filing season approaches, Monika breaks down the basics of capital gains tax. She unravels the distinction between income and profits, shedding light on how different asset classes are taxed. From real estate to stocks, learn about the holding periods that determine whether your gains are classified as short or long term, and discover the varying tax rates associated with each. Monika also dives into the concept of indexation, demystifying how it can help mitigate tax liabilities by accounting for inflation over time. Plus, find out what options are available if you incur losses, including set-offs and carrying losses forward to future years.
For the disciplined investor seeking to refine their portfolio, Monika shares strategies for optimizing asset allocation and diversification. Monika also provides a roadmap for breaking free from the shackles of debt. From seasoned investors refining their strategies to individuals grappling with debt challenges, this episode offers practical guidance and expert insights to help listeners overcome financial obstacles and build a secure financial future.
For the disciplined investor seeking to refine their portfolio, Monika shares strategies for optimizing asset allocation and diversification. Monika also provides a roadmap for breaking free from the shackles of debt. From seasoned investors refining their strategies to individuals grappling with debt challenges, this episode offers practical guidance and expert insights to help listeners overcome financial obstacles and build a secure financial future.
Is Equity Investment Your Gateway to Financial Freedom?
Join Monika Halan on this insightful episode of Let's Talk Money as she delves into the world of equity investment. From understanding the fundamentals of equity ownership to exploring the dynamics of stock markets, Monika breaks down complex concepts into digestible insights. Uncover why equity is more than just a financial asset, and how it acts as a gateway to building real wealth and financial independence.
From young professionals starting their careers with queries about investing their surplus income to individuals in their 40s looking to secure their and their children's future, Monika provides practical advice tailored to each situation. Tune in to gain insights into building a solid financial foundation and navigating the complexities of personal finance with clarity and confidence.
From young professionals starting their careers with queries about investing their surplus income to individuals in their 40s looking to secure their and their children's future, Monika provides practical advice tailored to each situation. Tune in to gain insights into building a solid financial foundation and navigating the complexities of personal finance with clarity and confidence.
Should You Invest in Sovereign Gold Bonds?
In this episode of Let's Talk Money, Monika unpacks the intricacies of Sovereign Gold Bonds (SGBs). From understanding their purpose in reducing gold imports to exploring tax benefits and investment strategies, Monika provides insights into this alternative to holding physical gold. Discover why SGBs offer a convenient and lucrative option for investors looking to diversify their portfolios and secure their financial future. Tune in to learn how SGBs can transform your approach to investing in gold!
Monika also addresses concerns ranging from investment strategies to home loan dilemmas. She provides insightful advice on evaluating portfolio performance, making prudent choices between home loans and SIPs, and navigating complex investment strategies like portfolio hedging and macroeconomic investing.
Monika also addresses concerns ranging from investment strategies to home loan dilemmas. She provides insightful advice on evaluating portfolio performance, making prudent choices between home loans and SIPs, and navigating complex investment strategies like portfolio hedging and macroeconomic investing.
How to Use the Risk-o-Meter to Evaluate Your Mutual Fund Risk?
In this episode, we uncover how the Risk-o-Meter plays a crucial role in measuring and understanding the risk associated with different mutual fund schemes. Monika breaks down the evolution of the Risk-o-Meter, starting from its inception in 2013 to the recent changes mandated by SEBI. We explore the flaws of the previous version, which failed to accurately depict the varying risk attributes within asset classes. Learn how investors and advisors can leverage this tool to make more informed decisions, especially in the realm of debt funds where portfolio quality can fluctuate significantly over time.
We dissect the intricacies of mutual fund investments in this episode. We explore the debate between small-cap index funds and actively managed funds, shedding light on factors such as cost, returns, and portfolio performance. Delve into the differences between regular and direct mutual fund plans, uncovering the impact of cost differentials on long-term returns. We also unravel the concept of systematic withdrawal plans (SWP), discussing their suitability for different life stages.
We dissect the intricacies of mutual fund investments in this episode. We explore the debate between small-cap index funds and actively managed funds, shedding light on factors such as cost, returns, and portfolio performance. Delve into the differences between regular and direct mutual fund plans, uncovering the impact of cost differentials on long-term returns. We also unravel the concept of systematic withdrawal plans (SWP), discussing their suitability for different life stages.
When is the Public Provident Fund Your Best Investment Choice?
In this episode of Let's Talk Money, Monika dives deep into the asset class called debt and unpacks the nuances of debt as an investment option. She explains how debt instruments function, from fixed deposits to government bonds, emphasising the correlation between risk and return. She also discusses the role of debt products in providing stability to investment portfolios, contrasting their characteristics with more volatile equity investments and also touches upon the tax implications of debt products.
Join Monika as she addresses common questions about the Public Provident Fund (PPF). From evaluating PPF as a long-term core of your retirement portfolio, she demystifies the PPF and empowers you to make informed investment decisions. Whether you're contemplating surrendering existing endowment policies for a PPF account or considering opening one later in life, Monika provides practical guidance on maximising the benefits of PPF for long-term financial planning.
Join Monika as she addresses common questions about the Public Provident Fund (PPF). From evaluating PPF as a long-term core of your retirement portfolio, she demystifies the PPF and empowers you to make informed investment decisions. Whether you're contemplating surrendering existing endowment policies for a PPF account or considering opening one later in life, Monika provides practical guidance on maximising the benefits of PPF for long-term financial planning.
What’s Your Investment Worth In Market Cap?
Join Monika on Let's Talk Money as she demystifies market capitalisation (market cap) and its significance in investments. Learn how to categorise stocks into large, mid, and small caps, and discover the ideal portfolio mix for long-term investors. Tune in for a quick dive into the essentials of understanding and using market capitalisation to build your portfolios.
In this episode, Monika dives into the intricacies of financial planning in your forties. From optimising debt investments to strategising during different interest rate cycles, she offers expert advice tailored to each listener's unique situation. Tune in to discover actionable strategies for securing your financial future with confidence.
In this episode, Monika dives into the intricacies of financial planning in your forties. From optimising debt investments to strategising during different interest rate cycles, she offers expert advice tailored to each listener's unique situation. Tune in to discover actionable strategies for securing your financial future with confidence.
How Can We As Women Secure Our Financial Future ?
Join Monika on this episode of Let's Talk Money as she demystifies real estate investment trusts (REITs). Gain a deep understanding of how REITs function and the regulatory landscape they operate within. Explore the potential returns for investors, the various types of properties involved, and who should consider adding REITs to their investment portfolio. Whether you're a seasoned investor or new to the world of finance, don't miss out on this insightful discussion about this intriguing investment avenue.
Also, to celebrate women this Women’s Day, Monika addresses the financial concerns of four remarkable women. Whether you're a single mother seeking advice on securing your child's future, or bridging the financial generation gap with your parents, Monika provides guidance tailored to each woman's unique situation, offering practical solutions and empowering them to navigate their financial journeys with confidence. Tune in to gain valuable insights and inspiration for managing your finances effectively.
Also, to celebrate women this Women’s Day, Monika addresses the financial concerns of four remarkable women. Whether you're a single mother seeking advice on securing your child's future, or bridging the financial generation gap with your parents, Monika provides guidance tailored to each woman's unique situation, offering practical solutions and empowering them to navigate their financial journeys with confidence. Tune in to gain valuable insights and inspiration for managing your finances effectively.
What is the Sensex and Nifty50?
In this episode, Monika dives into the intricacies of index investing, unravelling the mystery behind the index number. She breaks down the fundamentals of index numbers for the Sensex and Nifty 50, drawing parallels with the familiar inflation index. Uncover the essence of these indices, understanding their composition, dynamics, and significance in the world of finance. Learn how to use index investing as a low-cost and efficient strategy to secure your financial future.
Join Monika as she navigates the intricacies of retirement planning for individuals at various stages of life. Discover actionable strategies tailored for every milestone, from planning at age 50 to optimising investments post-retirement. Learn how to leverage financial instruments effectively to secure your financial future with confidence.
Join Monika as she navigates the intricacies of retirement planning for individuals at various stages of life. Discover actionable strategies tailored for every milestone, from planning at age 50 to optimising investments post-retirement. Learn how to leverage financial instruments effectively to secure your financial future with confidence.
Is NPS the Ultimate Retirement Solution?
Today, Monika delves into the intricacies of the National Pension Scheme (NPS). Discover the backstory behind its inception and learn about its numerous benefits as a retirement planning tool. Monika explains how pensions can now be targeted with a flexibility of investment choices, and why NPS is gaining popularity as a low-cost and efficient option for securing your financial future.
Learn how to kickstart your investment journey in India as an NRI, decipher the complexities of insurance structuring for maximum benefits, and navigate the financial landscape of relocating back to India after years abroad. Tune in as Monika addresses pressing financial queries from Indians around the globe.
Learn how to kickstart your investment journey in India as an NRI, decipher the complexities of insurance structuring for maximum benefits, and navigate the financial landscape of relocating back to India after years abroad. Tune in as Monika addresses pressing financial queries from Indians around the globe.
How Should You Manage Your Student Loans?
This week, Monika dives into the power of compound interest. Learn how simple investments can yield extraordinary returns over time, and discover the dual nature of compound interest both as a wealth-building tool and a cautionary tale for managing debt wisely.
From weighing the pros and cons of taking educational loans to early aspirations of earning and building towards a secure financial future, Monika takes on your questions about navigating the complex world of finances. Tune in as she offers her expert guidance, discussing the importance of financial planning, debt management, and smart investment strategies.
From weighing the pros and cons of taking educational loans to early aspirations of earning and building towards a secure financial future, Monika takes on your questions about navigating the complex world of finances. Tune in as she offers her expert guidance, discussing the importance of financial planning, debt management, and smart investment strategies.
How Do Taxes Shape Our Lives?
Join us this week as Monika helps you understand the basic framework of personal income tax. From the different heads under which we as individuals pay taxes directly to the government, to the difference between gross income and taxable income, she demystifies it all. She also explores how taxation can influence our behaviour.
She also takes on your questions about trying to cope with debt. Whether it’s juggling home loans, a bad credit score, or the importance of an emergency fund, Monika addresses your financial concerns and guides you towards a life that is debt free as soon as possible.
She also takes on your questions about trying to cope with debt. Whether it’s juggling home loans, a bad credit score, or the importance of an emergency fund, Monika addresses your financial concerns and guides you towards a life that is debt free as soon as possible.
How Should You Invest & Exit From Your Investments?
In the last episode of the season, Monika shares insights on recommending trustworthy planners and navigating the complexities of financial intermediaries. She also breaks down the distinction between mutual fund distributors and registered investment advisors to help you make an informed decision about who’d be a better fit for you.
Monika also takes on your questions about planning for goal-oriented investments and optimising existing resources in a tax-efficient manner. She revisits the formulae for figuring out how much you need to save for your retirement corpus and she delves into the aspects of mutual fund redemption and explains how to use a laddering approach when planning for retirement.
Monika also takes on your questions about planning for goal-oriented investments and optimising existing resources in a tax-efficient manner. She revisits the formulae for figuring out how much you need to save for your retirement corpus and she delves into the aspects of mutual fund redemption and explains how to use a laddering approach when planning for retirement.
Budget 2024: What’s Behind The Numbers?
Budgets are an important part of our country as they define the flows of money from and into the economy. As we gear up for Budget 2024, Monika dives into the intricacies of this annual fiscal exercise. In this special episode, she breaks down the union budget, drawing parallels between government and household budgets. Monika sheds light on deficits, their implications, and why not all deficits are created equal.
Find out how government spending shapes the economy and where your tax money goes. Uncover the hidden stories within the budget, from off-budget items to the larger narrative it weaves about India's economic direction, along with the policy signals embedded in the budget speech.
Find out how government spending shapes the economy and where your tax money goes. Uncover the hidden stories within the budget, from off-budget items to the larger narrative it weaves about India's economic direction, along with the policy signals embedded in the budget speech.
How Can You Get Your Investment Choices Right?
In this episode, Monika highlights the importance of shifting from the mindset of simply saving to intelligent investing. Recognize the need for intentional savings and how they can evolve into smart investments. Find out about the potential gains of investing across diverse asset classes, and how to make your money work hard for you.
Monika also tackles pertinent questions about crafting the perfect mix of investments through your own asset allocation. She also underlines the unique dynamics of the Indian real estate market vs the Indian stock market, and explains how your choice of products will depend on how fast you want to grow your money and how much risk you are prepared to take. Tune into an empowering lesson towards unlocking wealth through informed financial choices.
Monika also tackles pertinent questions about crafting the perfect mix of investments through your own asset allocation. She also underlines the unique dynamics of the Indian real estate market vs the Indian stock market, and explains how your choice of products will depend on how fast you want to grow your money and how much risk you are prepared to take. Tune into an empowering lesson towards unlocking wealth through informed financial choices.
What’s The Right Mix Of Funds In My Mutual Fund Portfolio?
As the budget season approaches, Monika sheds light on the fiscal deficit, a critical number in the annual budget. Explore how the deficit impacts your life, how the government finances it, and why it matters where the borrowed money is spent. Uncover the intricacies of deficit financing, borrowing, and the ripple effects on inflation and private sector growth. Discover the government's spending priorities and the balancing act to prevent runaway inflation.
Monika also answers your questions about the nuances of mutual fund strategies. She discusses passive vs. active funds, crafting the perfect fund mix, and the pitfalls of an overflowing portfolio. Monika navigates these queries, offering guidance for long-term investors, DIY enthusiasts, and those juggling numerous funds.
Monika also answers your questions about the nuances of mutual fund strategies. She discusses passive vs. active funds, crafting the perfect fund mix, and the pitfalls of an overflowing portfolio. Monika navigates these queries, offering guidance for long-term investors, DIY enthusiasts, and those juggling numerous funds.
How Do I Plan For My Retirement?
In Episode 08, Monika breaks down the factors that influence currency strength. Delve into the complex world of currency markets, and discover why a strong currency isn't preferred by exporters. From inflation to capital flows, Monika explains what causes the rupee’s depreciation and offers insight into the economic forces shaping our global transactions.
Monika also takes on your questions about planning for your retirement! Are your twenties too early to be planning? How should you begin to calculate how much you’ll need? How do your capital investments factor in? Tune into this episode to get answers to all your woes and worries about retirement planning.
Monika also takes on your questions about planning for your retirement! Are your twenties too early to be planning? How should you begin to calculate how much you’ll need? How do your capital investments factor in? Tune into this episode to get answers to all your woes and worries about retirement planning.
What’s The Financial Forecast for 2024? Monika Halan in conversation with Swarup Mohanty
Welcome to a special episode as we ring in the new year with Swarup Mohanty, Vice Chairman of the board of Mirae Asset Management, a South Korean-owned fund house. Monika asks Swarup questions that address the anticipation and expectation of what the New Year will bring, in the face of global geopolitical challenges as well as uncertainties closer to home.
Monika asks Swarup to share insights on navigating the VUCA (volatility, uncertainty, complexity, and ambiguity) world, the impact of US Fed rates, and potential economic headwinds. They talk about India's growth story, inflation, market trends, and Swarup's personal investment style. Tune in for your guide to a prosperous 2024!
Monika asks Swarup to share insights on navigating the VUCA (volatility, uncertainty, complexity, and ambiguity) world, the impact of US Fed rates, and potential economic headwinds. They talk about India's growth story, inflation, market trends, and Swarup's personal investment style. Tune in for your guide to a prosperous 2024!
Which Life Insurance Policy Is Right for You?
Today, Monika takes on cryptocurrencies, as she delves into how banks worldwide view it, and what this token really represents. She also breaks down the intricacies of the value of the crypto coin, and the factors that contribute to its volatile rise and fall.
Monika also takes on your questions about the different kinds of life insurance policies out there and which one might work best for you. Tune in as she simplifies insurance policies, so you're equipped to make informed decisions about your financial future.
Monika also takes on your questions about the different kinds of life insurance policies out there and which one might work best for you. Tune in as she simplifies insurance policies, so you're equipped to make informed decisions about your financial future.
How To Strategize Your Finances When Raising Children ?
This Friday, Monika unravels the intricacies of mutual funds. Will they lead to a short term gain or is this a long marathon? Tune in as Monika explains how to navigate this vehicle to invest in securities like stocks and bonds, how to create a diverse portfolio of funds, and picking the right scheme to manage your money.
Monika also tackles pertinent questions from listeners about managing your finances with the decision to have kids: covering the costs of IVF and egg freezing, how to plan for expenses involved in raising children, and the importance of fostering financial intelligence from a young age.
Monika also tackles pertinent questions from listeners about managing your finances with the decision to have kids: covering the costs of IVF and egg freezing, how to plan for expenses involved in raising children, and the importance of fostering financial intelligence from a young age.
How Can I Escape The Debt Trap?
In today’s episode, Monika takes up how to decide on the best medical insurance for yourself and your family, and takes up your financial confusions about personal debt. She breaks down the essential factors to consider while selecting medical insurance, from avoiding common pitfalls to ensuring you have the coverage you need.
Whether you're dealing with a daunting debt trap, considering taking out a loan without falling into a financial pitfall, or facing distressing situations due to loans from apps, Monika's practical advice will guide you toward financial stability.
Whether you're dealing with a daunting debt trap, considering taking out a loan without falling into a financial pitfall, or facing distressing situations due to loans from apps, Monika's practical advice will guide you toward financial stability.
How Do I Build Financial Fitness in the Gig Economy?
Today, we’re deep diving into the timeless debate of rent vs buy. Monika sheds light on essential factors that should influence your decision: from the sustainability of high EMIs to the different kinds of home loans out there, she’s got you covered!
Plug in your headphones in as Monika Halan equips you with the tools to master your money and takes on your questions about finding your way around fluctuating income, navigating past blunders, and running a small business with your eye to the future.
Plug in your headphones in as Monika Halan equips you with the tools to master your money and takes on your questions about finding your way around fluctuating income, navigating past blunders, and running a small business with your eye to the future.
How Do I Think of Relationships with Money?
This episode is all about relationships, where we get into the nitty gritties of how the stock market relates to the economy, as well as how money seeps into your interpersonal relationships.
Tune in as she answers your questions about how to navigate conversations about money with your partner, contemplating joint accounts, and how to contribute to household finances!
Tune in as she answers your questions about how to navigate conversations about money with your partner, contemplating joint accounts, and how to contribute to household finances!
How Do I Start My Financial Journey?
In our very first episode, Monika delves into the latest financial news, unpacking the ups and downs of the stock markets and telling you how to find the steady path to long-term returns.
Monika also answers pressing questions from opening your first bank account to navigating the world of credit cards and what to do with your very first salary.
Monika also answers pressing questions from opening your first bank account to navigating the world of credit cards and what to do with your very first salary.
TEDx MICA2023
You’ve worked hard for Money, now make it work for you
Podcast with Smith Prakash Episode 67
EP-67 with Monika Halan premiered on Sunday at 5 PM IST
The Carvaka Podcast with Kushal Mehra
Let's Talk Mutual Funds with Monika Halan
Harper Broadcast
Let's Talk Mutual Funds
Gautam Baid speaks to Monika Halan
The Carvaka Podcast with Kushal Mehra
Let's Talk Mutual Funds with Monika Halan
Harper Broadcast
Let's Talk Mutual Funds
Gautam Baid speaks to Monika Halan
Paisa Vaisa Ep. 325: The Monika Halan Special
This week on #PaisaVaisa, Anupam Gupta is joined by Monika Halan, Writer, Author and Speaker.
Money Matters
How to make your money work hard for you.
Monika Halan talks about her new book Let's Talk Money.
Monika Halan talks about her new book Let's Talk Money.
The One Percent Show with Vishal Khandelwal
Monika Halan on Money Mantras, Biggest Financial Regrets, and Handling Life’s Real Wealth
Menaka Doshi talks Money with Monika
How to make your money work hard for you. Monika Halan talks about her new book Let's Talk Money on BQPrime
Carvaka Podcast with Kushal Mehra
Monika Halan decodes Budget 2023
Money Show on ET Now
Kavita Thapliyal talks to Monika Halan on financial planning