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If a new will is being made, the testator must review his earlier bequests and if required, modify or retain the same in the new one so that there is no ambiguity between the two

In the backdrop of global economic issues, ET Wealth identified these four companies that have continued to do good overseas business and remained resilient to global developments. They show positive net foreign exchange earnings over five years.

There are small chit funds that the taxi drivers operate among themselves. This taxi driver finds it most useful. The money is safe among friends. Each one gets a lump sum whenever there is the need. He draws his chit when he goes home on vacation.

As investors and consumers of financial services, we are subjected to a lot of numbers that purport to help us tell good investments from bad ones. Investing involves a lot of numbers but many of those numbers are actually irrelevant.

Parents can transform the lives of their children if they give them the right financial advice in their formative years itself. They must also lead by example. They can’t be splurging themselves and expecting their kids to be prudent with money.

The need for a robust bond market has increased, thanks to the stressed balance-sheets of banks, M Rajeshwar Rao, an executive director at the central bank, said.

Dealers indicated Friday’s news added to the negative sentiment in the bond market that is already reeling under fiscal deficit fears, excess supply of papers, and a lack of positive triggers.

Mid cap category generated negative returns (-12%) in the calendar year 2018. However, the category managed to offer a meagre year-to-date return of 0.58%.

These schemes, as the name suggests, would invest in a mix of large and mid-sized companies.