Personal Finance Print

Stock markets: Why investors need to ignore market noise

Obsession with short-term market movements makes sense only for day traders who make money by accumulating small gains and attempting to limit losses on as many stocks as possible

investor, ignore, market, market news, Transaction cost, tax implication, financial market, news coverage News

Know how travel insurance can help you

Keep all your prescriptions, reports and payment receipts safe; provide them as defined in the claim procedure, in case of reimbursement. To avoid any rejection, ensure that all these documents are du

travel insurance, insurance,Medical emergencies, checked baggage, Loss of passport, Trip curtailment, Trip cancellation, travel policy News

Planning big-ticket purchases using credit card EMI this Diwali? Think again

Your credit card’s credit limit gets blocked to the extent of the total disbursed amount the moment you make the purchase and gets freed up as you pay the EMIs. This should be another important cons

big ticket purchase, credit card, EMI, Diwali, personal finance, buy smartphone, processing fee, emi interest  News

Embedded value: Know the risks inherent in unit-linked insurance plans

Unit-linked insurance plans are stock market investments. Policyholders should understand when to switch funds to get good returns & highest safety

Embedded value, risk, unit linked insurance plan, ulip, Policyholder, money news, NAV, mutual fund,insurance, life insurance  News

Health Insurance: Why you need a diabetes-specific health plan

While most believe that diabetes is primarily a self-managed disease, it is important to have adequate and affordable health insurance.

Health Insurance, Insurance, diabetes, specific health plan, serious health issue, WHO, cardiovascular disease News

Banks look at steady income to give loans

One of the documents required for home loan application is the last three years of income proof by way of ITR.

loans, external benchmark, borrower credit assessment, rbi, auto loan, home loan, investment tips, home loans, home loan tips News

How to get a tax deduction for royalty fees on books

The individual assessee claiming deduction should be resident in India or the assessee should be resident but not ordinarily resident in India.

Money News

Mutual fund investors should review equity investments; Here is why

Given the current market volatility, mutual fund investors should review the performance of a scheme against returns for the benchmark or category that the scheme belongs to.

investments, bank FDs, fixed deposits, gold, debt, equity, rewards, risks, tax benefits, inflation, inflation efficient, tax efficient, wealth creation, preserving wealth News

How to build a portfolio that matches your risk appetite

Spread your investments across asset classes so that the overall risk of your portfolio matches your risk appetite

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Gains from sale of gold ETFs or gold mutual funds are taxed similarly as that of physical gold

Short-term capital gains on units held for up to three years are added to investor’s income and taxed according to the applicable slab rate.

sip, mutual funds, SIP purchase instalment, NAV News

Life insurance: Private sector individual APE growth slows down in Sept

Private sector players reported 3% y-o-y growth in overall APE in September 2019, with 3% growth in individual APE.

Insurance Regulatory and Development Authority of India, Irdai, annualised premium equivalent, APE, Kotak Institutional Equities, life insurance industry, volatile equity markets, unit linked insurance plans, News

Five steps to feel good about your investment portfolio

It is important for investors to practice good investing habits as volatility is sky-high, the economy is uncertain and market sentiment is unreliable.

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Equity investing: Four tips for investing during volatile times

The probability of negative returns declines as the investment horizon increases.

The equity market is generally volatile over the short term. News

Time to hike bank deposit insurance cover

There should be insurance cover of at least Rs 1 lakh for savings bank account and Rs 2 lakh for term deposits.

Insurance News

Investment planning: Four steps in reviewing investment portfolio

Measuring performance of the selected portfolio against set benchmarks at least once in a quarter is a practice that every investor must adopt, to avail optimum returns from the investment.

From Warren Buffett to Bill Ackman, all the great investors in the financial world have a common trait, i.e., in-depth observation skills. News

Income Tax Return 2019: Missed the ITR filing deadline? You can still file tax return for FY 18-19 by this date

Late filing of income tax return shall attract a fee of Rs 5,000 if it is furnished on or before December 31, 2019. Post this date, Rs 10,000 shall be charged.

Income Tax News

Hybrid multi-asset mutual funds: Enjoy returns while minimising risks

For a horizon of seven years or more, the probability of making a negative return is zero. Volatility of returns reduces significantly and 92% of the times your equity investments would have earned mo

Data show that 68% of equity mutual fund investors in India exit even before completing two years. News

Equity investments: Need to check corporate governance norms

Indices such as BSE’s CG Scorecard are helpful for small investors who find it difficult to comprehend and gauge corporate governance practices of firms whose shares they want to purchase.

Money News

Gift from NRI dad not taxable, but you have to pay tax on income from it

Q. I am an NRI. If I gift Rs 20 lakh to my major daughter in India and if she invests it in a bank fixed deposit, will either of us be liable to pay income tax? – Wilson Furtado According to Section

Income Tax News

Know who is eligible for presumptive taxation scheme

In case of a person adopting the provisions of Section 44AD, income will be computed on presumptive basis, i.e., @ 8% of the turnover or gross receipts of the eligible business for the year.

Money News

Income tax: CBDT circular comes as relief for minor offences

The CBDT circular comes as a relief to taxpayers who were worried that they may become part of collateral damage as the government ramps up its efforts to take tax offenders to task

Income tax, CBDT circular, CBDT, TDS, TCS, ITR, CBDT circular mandates News

How individual investors succumb to performance chasing behaviour

The return earned by an average investor is lower than return earned by the underlying investment

individual investors, investment return, Behaviour Gap, asset allocation, US market, annual behaviour gap, Indian equity News

How investing in consumer sector gives you exposure to evergrowing segment of economy

Investing in a consumer-focused fund gives you exposure to the ever-growing segment of the economy, the fundamental attributes of which are high cash flows and healthy balance sheets

consumer sector, RBI, Going for Gold, CAGR, employment, GDP per capita, economic growth News

Probability of negative returns declines in long run: Crisil’s Bhushan Kedar

Analysis of data shows that individual investors continued to invest largely through the regular plan route (distributors) at 83% of their AUM compared with just 31% for institutional route.

Bhushan Kedar, director, Funds & Fixed Income, Crisil (Portrait: Shyam Kumar Prasad) News

Indian banks set for solid growth in credit card business

HDFC Bank, Axis Bank and ICICI Bank along with RBL Bank have strong business propositions in the credit cards business

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Tweak in health insurance policy norms to benefit customers

Irdai has allowed insurance companies to do minor modifications such as changes in frequency of premium payments, change in policy wordings on certification basis without waiting for its approval

nomination, write a will, family members, banks and financial service, legal heirs News

Can you claim tax benefit on HRA for rent paid for dependent parents?

Any HRA allowance granted to meet the expense incurred on payment of rent in respect of residential accommodation “occupied” by the individual is exempt from tax, subject to the prescribed limit.

Any sum of money received from relatives is fully exempt from tax in the hands of the beneficiary. News
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