Don’t Let Covid Cloud Your Mind

The pandemic has precipitated unprecedented disruption in both global and Indian financial markets. Rising cases of unemployment and slowdown in economic growth have left people wary and confused about their savings and investments. In such times of uncertainty, it is important to prepare oneself and take stock of their savings and finances. The Covid-19 pandemic has had a significant impact on how we look at money, and has forced us to reassess our financial goals. More traditional avenues of investments such as mutual funds (MF), fixed deposits (FDs), equity shares and returns generated from it have witnessed a steep decline following job losses and small businesses facing a struggle for survival. From fresh job seekers not landing employment opportunities to retired senior citizens seeing their savings dry up, barely anyone is unaffected by the pandemic. During times of scarcity and...