Personal Finance Print

Financial planning: Five steps towards financial freedom

Discuss and take important actions such as paying debt, gaining control over spending, saving for children education, retirement, tax planning, early retirement, and the like.

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Infosys Rating | Buy — A robust performance in the first quarter

The stock trades at a valuation of 17.4x FY20e EPS, and we retain it as our top pick. Maintain ‘BUY/SO’ with a revised target price of Rs 923 (Rs 880 earlier, 20x Q3FY21e EPS) as we roll over to Q

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Do you know how to take a loan by pledging gold? This may help you

Sure, any home loan lender will consider your case for a home loan. However, if the fair market value (FMV) of the flat is higher than the sale price of Rs 30 lakh, you may still have to pay the stamp

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Astral Poly Rating | Hold — Making hay while the sun shines

Growth in the adhesive segment is likely to be back-ended in FY20 due to the shift currently happening from a stockist model to a distribution-led model.

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Stock corner: ‘Buy’ Shriram Transport Finance, company saw momentum loss in FY19

After nearly doubling in FY18, slippages were largely stable YoY at Rs 66 bn in FY19. However, there has been a sharp increase in bad debt write-offs in FY19 – up 60% YoY to Rs 23.4 bn.

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Life insurance: High individual premium drives growth for private insurers

The company has increased focus on ULIPs in the past two years. Its ticket size in individual non-single segment was up moderately by 13% y-o-y/m-o-m.

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Motor insurance: Now buy standalone own damage cover

Policyholders will have the option to renew the own damage component of a bundled cover on or after September 1, with the same insurer or different insurer, on an annual basis.

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Health insurance: Six steps for managing healthcare costs

Your biggest weapon against rising healthcare costs is the various insurance plans created to cover them

Healthcare needs come in a huge variety. (Illustration: Shyam Kumar Prasad) News

Dream home: Why you should not shy away from a home loan

Before sanctioning a loan, a bank will verify that the property has a clear title, is free from encumbrances, technically sound and meets its valuation standards thus eliminating any chances of fraud

In addition to your identity and residence proofs, income and tax-related documents the bank will ask you to submit all the legal documents related to the purchase of the house (Illustration: Shyam Kumar Prasad) News

Gifts received from specific relatives are not taxable – check details

As per Section 10(4)(ii), interest income earned on NRE account is tax exempt if account holder is treated as a person resident outside India under Foreign Exchange Management Act (FEMA).

Prepayment of home loan does not entail any specific benefits whereas benefit on repayment of the home loan is provided by I-T Act. News

Investment tips: How portfolio choice can help you make money in volatile times

During market volatility, an investment portfolio constructed by optimising expected returns based on the level of market risk would be effective

According to Markowitz, the process of selecting a portfolio is an important activity. One must carefully chose the shares or assets in the portfolio. The shares must be selected on the basis of how each asset will impact others as the overall value of the portfolio changes (Illustration: SHYAM Kumar Prasad) News

Car insurance: Know which modification can lead to an increase in premium

Before making any critical changes in your car like upgrading the breaks and suspension of your car to improvise the car performance, it is important that you inform the insurer.

Also, while making modifications to the car’s interior like steering, pedals and sound system, you need to inform the insurer (Illustration: SHYAM Kumar Prasad) News

Investing in debt funds? Go for high credit quality portfolios

Equity funds are inherently more risky than debt funds, as is evident from the volatility that they have historically subjected investors to.

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Mutual Funds: Now invest in CPSE ETF to save tax under Section 80C

Experts say with tax benefits like ELSS, CPSE ETFs will be attractive for individual investors for creating long-term wealth.

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Budget 2019: Finance minister does a fine balance for individuals

Budget 2019 India: An additional Rs 1.5 lakh tax deduction on interest paid on purchase of a house costing up to Rs 45 lakh will benefit the middle-class

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Budget 2019: Central govt employees to get tax benefit on NPS Tier II account deposits

Budget 2019 India: Deposits by government employees in Tier-II account will get Section 80C tax exemption.

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Banks likely to show stable operating performance, earnings recovery in Q1

Positive outlook on ICICI Bank, SBI. Yes Bank to have the most challenging quarter while there will be focus on asset quality for IndusInd Bank and RBL Bank

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Get income tax deduction on life insurance premium paid for adult children

While filing the Income Tax Return, in case the total tax payable is less than the total amount of TDS deducted, the difference can be claimed as refund.

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How riders can make your life insurance cover more beneficial

These riders are nothing but additional covers such as term rider, accidental death and disability rider, waiver of premium rider, critical illness rider, etc., offering benefits beyond the convention

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Mutual Funds: Six steps to reduce your investment risk

Higher risk does not necessarily mean higher potential reward, unless you know the tricks to mitigate the risk. Here are some strategies that can help you manage your mutual fund investment risk.

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Budget 2019: Modi government must take these steps to check ‘growing medical expenses’

Budget 2019-20: In the next 10 years we would spend $372 billion for our healthcare according to an IBEF report published recently.

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Want to invest for short term? These tips will help you

Typically, fixed income funds are not as volatile as equity funds, and the NAVs of such fixed-income funds (short duration funds) tend to move upwards steadily (except for longer duration funds which

short term investment, lumpsum amount, systematic investment plan, SIP, short-duration funds News

Index funds: A good bet for risk-averse mutual fund investors

These funds are affordable and well-diversified, and they generate good returns over a period and sometimes outperform actively managed funds.

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Budget 2019: Centre should raise limit for Children Education Allowance to benefit middle class income tax payers

Budget 2019-20: The limit should be raised from 100 per month to at least Rs 1,000 per child for maximum two children.

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Why life insurers must focus on training agents

Rapid growth in new business requires agents to be trained and made productive irrespective of growth in the online or digital marketing.

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Gold loan vs personal loan: Which one to opt for?

While gold loans are becoming a viable alternative to raise funds, look at the pluses and minuses before taking the plunge

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Estate Planning: Ensure that your Will is registered

A petition needs to be filed through a lawyer before the District Judge or High Court for the grant of Probate.

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