Personal Finance Print
Equity investing: Using momentum indicators to invest in stocks
Momentum indicators can be used by stock market investors to detect long-term buy or sell signs
Equity investing: Basic rules of investing in the stock market
Any beginner in the stock market should start with blue-chip stocks as the risk is lower for such stocks, compared to mid-cap or small -cap companies
Your Queries — Loans: You can prepay home loan every year to reduce loan tenure
Any additional repayment either in bulk or in parts will reduce your interest burden. However, check with your bank if it will accept multiple repayments in one financial year.
Tax talk: Rejigging perks and allowances to meet remote working needs
Employers can increase the variable pay component including allowances which you can claim on a reimbursement basis. While considering the options to restructure compensation packages, employers shoul
Allocate a sizeable portion of your retirement funds in equity MFs to beat inflation and make your money grow
A few investments that retirees should avoid are those that come with high risk such as real estate, direct stocks. It is better to spread the investments across so as to keep the risks in control.
National Pension System: Now subscribe to NPS via video KYC
The video customer identification process will not only help expand the reach of NPS but will also help in speedy account closure and other services
Donald Trump or Joe Biden: Gold prices set to go up
Whoever wins, a big economic stimulus is on its way. This will weigh on the dollar and fuel gold prices
Embedded value: Align policy term with rising life expectancy
A life insurance policy has to fulfil the needs that arise not only due to premature death but also due to prolonged existence
Smart investing: Time to rebalance your investment portfolio
Investors can look at some profit booking and move money from equities to debt or gold to rebalance their portfolio
Health Insurance: Keep track of the waiting period in insurance plans
All comprehensive health insurance plans come with different waiting periods for different coverages and it may vary for every insurer
Your Money: Invest your surplus money to create wealth for the long term
Lumpsum investing can prove to be quite useful, especially if you are not sure of being able to make monthly SIP payments consistently for the long term
Income Tax: Employee incentive is part of taxable salary and fully taxable
Since the loan was sanctioned to you before the aforementioned period, you shall not be entitled to claim deduction under Section 80EEA.
Smart Consumer: Spend or save? Finding the perfect balance
Adopt the 50:30:20 rule by allocating 50% of your income to essential expenses, 30% to buying things you want and 20% to savings for the future
Your Money: Five credit options to finance your festive spends
However, with multiple credit options available to choose from, selecting the best and most suitable one may prove to be a tedious task.
Loans: Don’t wait for SC verdict, pay off moratorium dues as soon as you can
Irrespective of the verdict from the Supreme Court, from the financial cost point of view, it would be better to pay off the full/part of the EMIs overdue.
Life insurance: How to calculate returns on insurance policies
Calculating the present value of all negative and positive cash flows in an insurance plan can reveal the actual returns on your insurance policy
Your Money: What makes investors chase certain stocks?
Advisors and investors are not judged by the quality of their decisions but by their investment outcomes.
Saral Jeevan Bima: How this new product will make life insurance simple
Saral Jeevan Bima will be offered by all insurers as a standard individual term life insurance policy but the price may vary
ESIC extends deadline till June 30 next year for workers to avail the unemployment benefit
Under the scheme, unemployment benefit is paid to the workers covered under ESI Scheme. The benefit under the scheme can now be availed till June 30, 2021.
Irdai asks life insurers to launch Saral Jeevan Bima from January 1
However, insurers have the option of offering sum assured beyond Rs 25 lakh under Saral Jeevan Bima with all other terms and conditions remaining the same.
PFRDA to roll out pension scheme offering minimum assured returns to subscribers in FY22
However, FY21 is going to be a challenging year due to Covid-induced fall in equity and debt market. In aggregate, 80% of the NPS corpus is invested in debt (G-secs and corporate bonds) and 20% in equ
Health insurance: Now renew Corona Kavach & Rakshak policies
For Corona Kavach individual policies, insurers can offer migration to any other indemnity based health plan
Mutual funds: How DIY investors should select funds
Choose funds based on consistent performance across market cycles and not just a single period. Complement this with qualitative analysis which will give insights into how a scheme is likely to perfor
Irdai allows renewal, portability of Covid-specific products
At the time of launch, it was specified that lifelong renewability, migration and portability are not applicable to these products.
Non-life insurance industry’s gross direct premiums clock 4.41% fall
Market participants are of the opinion that in the last few months, premiums in health insurance have increased for the whole industry.
Your Money: Plan a special festive fund and keep an eye on deals
Plan your expenses based on your budget, like if you want to buy an Ultra High Definition TV or a smartphone, try to find out which particular model would fit your budget and if there are any discount
Your Queries: Loans| You may not be able to close car loan before one year
As far as all of the residents coming together to complete the construction is concerned, it is a good idea to make use of your sunk funds.
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