Alpha Investments-One stop solutions for all Investments

I get a lot of communication from my NRI friends on investments. As usual, all the calls comes with a common quest for the  best fund to invest or how to invest in stock market which gives a good return.  Since I had  worked in Saudi for a short period of time, I can understand the possibilities and limitations faced by NRIs. So in this article , I am trying to give an overall view of the savings & investment options that are necessarily required and available for them. The information here will be more suitable to NRIs living in the Middle East & Far East or NRIs who have a plan to return to their mother land to spend their retired life. Health Insurance Always  remember that, Health is  the real wealth . Illness and treatments can wipe out one’s savings. But sadly health insurance remains  the most neglected area among NRIs, the reason being  simple, as most of the expat workers are provided with health insurance by their employers which prov...

Retirement planning is one of the most neglected areas in personal finance. It actually means the amount you require at the time of retirement to lead a comfortable post retirement life. The income requirement varies for all and hence the corpus amount. In this article, I highlight on its importance and the factors which needs to be considered while doing the planning. Retirement can happen at any stage, irrespective of the age in numbers. It can happen at 55,60 or 65 years. By retirement, we mean a state, when one is able to generate an income without depending on job or anyone else to lead a life of one’s own style. So, in reality, retirement happens when you are moving from a pay cheque to self cheque. The reason why number does not matter is that there are professionals like lawyers, doctors, chartered accountants etc. and entrepreneurs, who can practice or work as long as they wish. However, they may be met with scenarios where they will be unable to continue their services becaus...

  Cancer treatment cost still remains highly expensive irrespective of the advances in the treatment modalities and methods. When it comes to cancer treatment, unlike other critical diseases, treatment is not confined to hospital alone. Depending on the stage and degree of severity, treatment method varies which includes hospitalization, home care, palliative care etc. Though one have a regular health insurance, all such expenses as mentioned above are not covered by it. Here comes the benefit of holding a cancer specific insurance in meeting the treatment costs. Cancer Policies are issued by General Insurance (GI) Companies like New India Insurance, Star Health, HDFC Ergo and Life Insurance (LI) Companies like Max Life, LIC, HDFC Standard, ICICI Prudential. The main difference is that Cancer Insurance Policies are individual policies unlike health insurance policy, which you can take on family floater basis. The other main difference between the policies issued by GI companies a...

Recently a friend of mine approached me with an interesting question. He had his company health insurance coverage of 3 Lakhs and his own personal health insurance of another 3 Lakhs. He wanted to increase the coverage of his personal health insurance because he felt that a mere 3 lakh coverage would be very insufficient with the rising cost of treatments. In the current scenario, a coverage of 3 Lakhs or even 5 lakhs may become inadequate. I suggested him a Super Top Up policy, which would work along with his current policy, without having to     increase the coverage of his personal health insurance. He was hearing about such a policy for the first time. Many of us face similar situations as most of the organizations, irrespective of whether government or private, provide all their employees with a basic health insurance coverage of up to 3 L or 4 L.   So, the ideal way to enhance the health insurance coverage in the most economical way is to buy a Super To...

Health is  wealth. We all know that it is the most precious asset for all of us. In this time of  pandemic, we need to be double conscious about our health conditions. Imagine a situation where one of us get infected and require hospitalisation. It will surely affect our financial condition and will erode our hard earned money. In such situations, to protect from the high cost of treatment, everyone should opt for a health insurance. Currently, many insurers, both public and private sectors are offering health insurances. There are few things , which are very important that one should be aware while buying a health insurance plan. Health insurance policies cover expenses related to hospitalisation or for treatment of illness identified under day care treatment. Many friends  have told  me that they have  purchased health insurance and are  paying premium regularly but with no benefit. My answer to that is ; the benefit of taking healt...

Currently people are largely aware of Mutual Funds. Thanks to the "Mutual Fund Sahi Hai" campaign by AMFI. Even after this effort, people are averse to investment in Mutual Fund because of fear of loss of money. This is mainly because of lack of understanding on what & how mutual funds are and its working method.  Many consider mutual funds as an indirect instrument to make investment in equities. So, people treat mutual funds in the same style as how they deal with investment in stocks. The above understanding is partially correct as mutual fund invest in stocks. However, when it comes to returns, it works differently.   To make the understanding of mutual funds, let me explain it with help of one of the popular and oldest savings methods, which is chit funds. In a chit fund scheme, a fixed number of people called subscribers are grouped by an individual or an organisation and all these contribute an equal amount for a fixed period to create a sum. ...