Personal Finance Print

Lock in higher rate of return on annuities now

With interest rates falling, insurers are likely to reduce the annuity rate. Those aged 50 and above must buy annuity policies at current rates to enjoy high income rest of their life

higher rate, return, personal finance, money, RBI, Indian economy, low interest income, Dai-ichi Life Insurance, Life Insurance News

Non-convertible debentures: Four factors to consider when investing in NCDs

Investors need to consider aspects such as safety, liquidity, diversification and tenure of investment

NCD, non convertable debentures, Muthoot Finance, ncds, retail investors, retail investors, Interest payments on NCD, latest news  News

Life insurance: Strong growth momentum in individual business

HDFC Life, Max Life, Tata AIA, Birla Sun Life & Bajaj Life delivered strong growth in individual APE in July

ICICI Prudential Life’s individual APE growth was flat y-o-y while SBI reported 24% y-o-y rise. (Illustration: Shyam Kumar Prasad) News

Stock markets: Know how factor investing works

Allocating investment capital to factors could be a better way to diversify rather than allocating across asset classes as it will help to reduce risk and increase returns

The BSE and the NSE have launched the factor indices at the end of 2015 and the middle of 2017, respectively after MSCI launched the world factor indices. (Illustration: SHYAM Kumar Prasad) News

Personal loans are also on floating interest rates

Very few bank loans in India are on a fixed interest rate basis. Personal loans are also on a floating rate.

Indian Overseas Bank, IOB, home loan, personal loan, Micro, Small and Medium Enterprises, MSME, MCLR News

Health insurance: Towards a simpler customer journey

Regulation has broadened the scope of coverage and made it more inclusive—mental illness and HIV are now under the ambit of health insurance.

A current pain point for customers is that health insurance policies are too complex to understand. (Illustration: SHYAM Kumar Prasad) News

Money received from certain relations exempt from income tax

Salary received from all the employers during the financial year will have to be clubbed to arrive at your total income and be taxed accordingly.

income tax, monetary gift, Income Tax Act, taxable monetary gift, money news

Explained: How to choose a term insurance policy

The insurance companies and aggregators offer term insurance calculators on their sites that help in analysing which plan suits you better.

term insurance, term insurance policy, life insurance policy, term policy, life insurance plans, term premium calculator News

Mutual Funds: To stay invested or exit? Check these four points first

The BSE Sensex is trading lower compared to the 1-year-ago and 3-months-ago levels, while it is flat compared to its level 6 months ago. In the past one year, small cap and mid cap funds have offered

Mutual Funds, Indian stock markets, stock market, equity portfolios, BSE Sensex, money News

Know the risk inherent in bonds and how to mitigate them

The degree of interest rate risk associated with a given bond depends on the size and timing of the cash flows, interest and principal, from that bond.

bond market, portfolios, fixed-income securities, portfolio management, fixed-income instrument, interest rate risk News

Income Tax Return 2019: 7 benefits of filing your income tax return

ITR Filing: Make sure to file your income tax return on or before the due date of August 31, 2019 to avoid penalties.

Insurance, income tax return, income tax return filing, Income Tax Act, Easy loans, TDS refunds News

Your money: Decline in stock prices – Time for some bottom-picking

Investors have a choice of expensive consumption-related stocks as they brace for near-term ructions arising from further escalation in China-US trade issues and HFC-real estate liquidity/credit issue

stock prices, China-US trade, housing finance companies, estate credit situation, domestic growth News

Motor Insurance: RC needs to be canceled in case of a total loss

The depreciation rate is 15% for vehicles less than one year; 20% for one to two years; 30% for two to three years; 40% of three to four years and 50% in case of four to five years.

Motor Insurance, Certificate of Registration, stolen vehicle, Development Authority of India, law enforcement authorities News

Bond Yields: Negative bond yields abroad won’t affect your portfolio

While the movement in equity markets in one part of the world influences markets in other parts, the impact of global negative bond yields on India will be limited

Central government bonds, rbi bonds, foreign portfolio investors, fpis, FPI category, FPIs for investment, RBI rate formulation, RBI Monetary Policy Committee News

Fixed income: Small savings get attractive as banks cut FD rates

With some debt funds reporting wealth erosion, retail investors are looking at safer avenues such as bank fixed deposits and post office savings schemes to park money

Small Savings Schemes, Small Savings Schemes interest rates, interest rates hiked, PPF, News

Financial planning: The opportunity cost of a lavish wedding

Instead of splurging on your wedding, it is better to utilise the money to buy a home, travel the world, or just save for a rainy day

Wedding costs, how to reduce Wedding costs, how to plan Wedding costs, wedding planning, getting married, financial planning for marriage, dream wedding, marriage, budget News

ITR forms 1 and 2: Do you know the new norms?

Changes in income tax return forms that you should be aware of as you file returns for FY2018-19

income tax return, what is income tax return, ITR 2 Form for AY2018 19, ITR Form 1 Sahaj, ITR, ITRs online, PAN card News

Life Insurance: More customer-friendly products in the offing

Irdai has introduced changes in filing new or modified products and procedures for modifications of the existing products.

Insurance News

Expect another 75 bps rate cut in this cycle

With the current local and global backdrop, and with obvious constraints on fiscal policy, it is reasonable to expect the current easing cycle to prolong.

Economy News

Model tenancy bill: Rental incomes may get a fillip

The archaic tenancy laws keep rents low, which then prevents owners from spending money on maintenance of buildings.

Money News

Deductee can claim credit on TDS on sale of property on basis of Form 26AS

By Chirag Nangia We sold our house in October last year and purchased a new one in February 2019. TDS was deducted by purchaser on the sale and we have deducted TDS for builder. Consideration price of

Income Tax News

Know benefits of equity fund-of-funds

When a EFOF manager chooses a basket of equity funds for your money to be invested in, the risk of wrong selection of funds is reduced.

Money News

Fundamental or technical analysis: Which is better?

Fundamental analysis is more theoretical as it seeks to determine the underlying long-term value of a security.

Markets News

To avail Section 54 benefit, construction of new flat should be done within 3 years

I sold a residential property in 2011 and invested part of the long term gain in an under-construction residential property. The delivery was scheduled in October 2013. But there is no progress till d

Money News

Strong distribution helps private insurers

Marketing of insurance service is critical and complex due to the periodicity, claims and brand switching costs that affect buying behaviour. Distribution is one of the key determinants of succes.

Insurance News

FD: Why debt market needs to be more liquid

While any investor can open a demat account or a brokerage account and buy shares, the access to bond and money markets is still quite restrictive

Senior citizen, retirement, bank fixed deposits, Senior Citizen Saving Scheme, SCSS, Pradhan Mantri Vaya Vandana Yojana, PMVVY, post office MIS, equity mutual funds, NPS and PPF, Section 80TTB, income tax return, ITR. News

Your money: Goal-based investing ensures peace of mind

A good financial plan can put back your financial life on track and help you achieve your financial goals

Goal based investing, investing tips, financial advice, savings tips, financial planning, financial life News
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