Which are the top personal finance magazines of India ? In fact, how many are there in total ?
I could not count beyond 5. So I thought I might as well write an article on this.
Please note that we are talking about magazines which talk about personal finance end to end, so magazines which talk solely on stocks and mutual funds will not qualify for this assessment. I consider these top personal finance magazines as the bible on all topics related to personal finance and financial planning.
Anyone wanting to know about investments, insurance, retirement, taxation, spending, giving and current affairs on finance ought to subscribe to these. Here is my top 3.
Top personal finance magazines of India – review of top 4
Outlook Money – hard copy and digital edition
According to me, Outlook Money qualifies as being on the top of the list of top personal finance magazines of India. I find Outlook Money a simple yet very informative and powerful magazine. A fortnightly issue, it spreads its articles across basics and advanced personal finance topics. The areas it covers are stocks, mutual funds, fixed income investing, real estate, banking and insurance.
The current news on finance and economy are crisp, simple and easy to follow. Outlook Money does an annual ranking of best mutual funds and stocks. Recently, it has started ranking Unit Linked Insurance Products (ULIPs) which by no means is a small feat in itself.
With an extra dose on Spending, Giving, Consumer Protection and a practical financial plan for an ordinary investor thrown in, it has it all. Outlook Money is a must have for every beginner and advanced investor.
The articles from the staff writers are awesome. It even carries reviews of books and blogs. The “How to buy” section on consumer durables is very practical.
Look out for the detailed queries on insurance and banking. Their staff writers boast of famous names like Parag Parikh, Mohit Satyanand and Monica Halan among many others. Recommendations on stocks and mutual funds are a regular with Outlook Money.
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Their round tables on topics on personal finance feed into the magazine to give a first hand information on what leaders in the financial space are thinking. A very appealing design of pages and lovable font makes it even more attractive. A strong recommendation for anyone starting out on learning personal finance.
Cost : 1 year, 26 issues – Rs 525/-
Online Version : http://www.outlookmoney.com
A monthly magazine, Money Today is a thick bundle of knowledge and joy. It contains practically everything that Outlook Money has. In fact, some of the issues have been completely marvelous and it comes closer to Outlook Money on the quality of its content.
Like Outlook Money, it carries sections such as current affairs, mutual funds, stocks, banking, real estate, fixed income investing and insurance. It has a Q&A section, a section on careers, reviews of books and consumer durables.
The practical financial plan it carries compares with the ones from Outlook Money. Money Today also does an annual issue on best stocks and mutual funds. It even runs model mutual fund portfolios in every issue to showcase how they are performing against their benchmark indices.
I like the frequency being monthly, it comes with comprehensive content and you get enough time to read before the next issue lands at your doorstep. In that sense, Outlook Money is like a premature baby, arriving before you really want it.
One of the top personal finance magazines especially if you are a starter or a voracious reader in the personal finance space.
Cost : 1 year, 12 issues – Rs 540/-
Online Version : http://www.moneytoday.in
Another magazine that attempts to lead the pack among the top personal finance magazines and also empower investors on personal finance is Money Life magazine. This magazine is a fortnightly issue and covers almost the same areas as the above two magazines do.
The articles are very informative, meticulous and knowledgeable. Authors like Sucheta Dala and Debashis Basu pen the articles, so you can be rest assured that they will be very well written. Money Life also carries an annual review of best mutual funds and stocks which are a must read. Books and car reviews are a regular feature.
The Money Life Foundation workshops feature very frequently in the magazine.
But it does seem to me that its stock heavy – there are quite a few pages that get devoted to stocks. Sure, a lot of folks like the stock market but I wish those pages could get devoted to other areas of personal finance. Money Life does not carry a financial plan of an individual as the other two magazines do nor have I seen a Q&A section yet.
I also wish the design and font can go through an over lift to make it more attractive. I get to this magazine the last – for me it is at the bottom of the list of top personal finance magazines that hit the stands. It might be different for you readers.
Cost : 1 year, 26 issues – Rs 650/-
Online Version : http://www.moneylife.in
Economic Times Wealth
ET Wealth comes out each week and has an amazing set of graphics and real life cases that go along with its issues. The presentation is mind blowing and so are the articles. I think this could potentially be one of the top personal finance magazines available in the market today.
The articles that come in the hard copy can be found online on Economic Times as well but I am not sure why they do not have a digital edition of this at one place – you cannot go to a particular week and find all articles of that week in one place – that’s a bit sad.
Take a shot with any of these top personal finance magazines of India. They are a treasure of knowledge and the sooner you get to it, the better you are off as an informed and intelligent investor. Which are your top personal finance magazines and why do you call them the best ?