Since Aadhaar-based KYC is the best option that allows you to invest across fund houses, it’s best to upgrade your KYC to ‘Validated’, if your KYC is ‘Registered’. For NRIs, it is a bit more complicated since they’re not mandated to have an Aadhaar. But distributors and financial advisors are advising them to obtain an Aadhaar.
Life stage financial planning: How to manage money in your 20s
After a few years, when you see your money grow, you’ll be glad you started early December 21, 2020 / 09:16 AM IST
Note to readers: No two people’s financial plans can ever be the same. Our income, expenses, goals, aspirations and financial obligations differ. But the first principles are more or less common, depending on your age bracket. Moneycontrol personal finance’s new series called ‘Life stage financial planning’ will tell you what these broad principles are, depending on whether you are in your 20s, 30s, or 60s. Today’s story is about how those in their 20s should start their investment or money-making journey. A few right steps taken in your 20s will go a long way in securing your financial future for life.