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National Pension System looks to fintech apps for improved services

PFRDA has constituted a group to identify areas under NPS which can utilise fintech through a regulatory sandbox approach

National Pension System, fintech apps, PFRDA, KYC norms, Blockchain technology, pension funds, artificial intelligence News

Life insurance: How much cover do you need?

Your life insurance should be big enough to take care of your present as well as future needs of your dependents

life insurance, process to buy life insurance, home loan, car loan, annual family expense, endowment plans, life insurance news

First year premium of private life insurers grows

The individual annualised new business premium of private life insurance industry grew 12% year-on-year in FY19 as compared to LIC's 5%

private life insurers, APE growth, HDFC Life,  LIC, ICICI Prudential Life, private sector  News

Providing adequate life insurance cover and annuity plans should be vision statement of insurers

The vision statement of a company describes where the organization or the company wants to be by fulfilling its mission.

life insurance cover, annuity plans, financial protection, IRDAI, SBI Life, ICICI Prulife Insurance News

Income tax filing: Disclose exemptions, allowances in new Form 16

The new Form 16 demands salary break-up details, specifying the various tax-exempt allowances and deductions availed by an employee.

income tax, income tax filing, form 16 News

Do this before prepaying your home loan

There are no uniform rules in personal loans. Ask for the details before signing on the papers.

loan, car loan, home loan, personal loan News

Your money: Taking cues from central banks’ gold buys

Preference for gold after decades of selling is indicative of central bank concerns about financial markets and geopolitics.

gold, gild burchase, central bank News

No need to file income tax return if buying property or selling without capital gains

For purchase of property for above Rs 30 lakh, no ITR filing is required,

income tax, income tax return, housing sector, housing industry News

How to allocate investment portfolio via the Mutual Fund route

Balanced Funds are more aggressive, as the equity allocation is higher. Balanced Advantage Funds and asset allocator funds are more defensive, as allocation to equity, which is relatively more volatil

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Income tax filing: Know which ITR form is right for you

For salaried employees, exempt allowance has to be shown separately along with the bifurcation for deductions claimed under Section 16 of the I-T Act.

tax, incime tax, itr form News

Six points that determine your credit score and how to boost a low score

If your credit score is low, take immediate steps to boost it as it will play a major role in deciding the future of your credit applications.

credit score, credit utilisation ratio News

Equity investment: How to separate value stocks from value traps

Cheap stocks with a high composite quality score are more likely to be the true value stocks, while the rest of them are likely to be classic value traps.

Equity investment: How to separate value stocks from value traps News

Busting myths about Mutual Fund NAV: Anytime is good for investing in a good fund

Anytime is good for investing in a good fund when the investment is for a long term, subject to your age, risk appetite and asset allocation.

Busting myths about mutual fund NAV (Illustration: Shyam Kumar Prasad) News

In this season of flight cancellations, remember to buy travel insurance

In case of cancelled flights or delay, a valid travel insurance will enable the passenger to get compensation like refunds for flight tickets and accommodation

In case of cancelled flights or delay, a valid travel insurance can help the passenger. (Illustration: SHYAM Kumar Prasad) News

SIPs are best-suited for investments in volatile markets

SIPs are best for investments in volatile markets. Hold your investments for at least seven years to eliminate risk of capital erosion. Longer the investment horizon, higher the probability of making

SIPs are best-suited for investments in volatile markets News

Why women shy away from taking personal loans

Personal loans can be quite tricky affairs as they carry high interest rates but require no collateral as security. Payment defaults can quickly spiral into an insurmountable debt pile.

Why women shy away from taking personal loans (Illustration: SHYAM Kumar Prasad) News

Income tax: New ITR forms seek more details from taxpayers

Additional information sought may be used for better profiling of taxpayers, tracking cases of potential tax evasion and expanding the tax base using data analytics.

New ITR forms seek more details from taxpayers (Illustration: SHYAM Kumar Prasad) News

Can you take a loan against bank fixed deposits?

The bank which has issued the FD will be in a position to offer you a loan. The loan amount will be less than the principal and the interest on the loan will be an incremental amount on the rate which

fixed deposits, fixed deposits rates, fixed deposits loan, loan against fixed deposits, fixed deposits calculator, fixed deposits rates in sbi News

Your money: Room for another 25 bps rate cut in first half of FY20

Our trajectory for inflation, however, is slightly higher than that of MPC’s as we expect inflation to inch above 4% from November as against MPC’s projection of 3.5-3.8% for H2, FY20

Room for another 25 bps rate cut in first half of FY20 (Illustration: SHYAM Kumar Prasad) News

Steps that will make your insurance claim hassle-free

Policyholders can track the status of their claims at various stages of processing and may even receive claims payout in installments for personal accident and benefit-based health insurance covers.

Money News

Your money: Know the risks in fixed maturity plans

Investors should look at various risks of investing in debt funds as Kotak AMC was unable to pay the entire redemption amount in some of its FMPs.

Money News

Should you go for an NCD? Check the pros & cons

NCDs are an ideal alternative to bank fixed deposits and debt funds provided they are issued by reputed companies and have higher credit rating.

Money News

Equity outlook: Markets not appear less risky than earlier

Investors should put in more money given that valuations appear more reasonable. They can expect good returns from equities over a long period.

Markets News

No need to file ITR if annual income within exemption limit even if payment is in dollars

As per Finance Act 2018, exemption for LTCG on equity-oriented mutual funds (including ELSS) has been withdrawn, therefore no exemption will be available in respect of LTCG from ELSS on or after April

how to calculate income tax in new finacial year News

Why arbitrage funds are popular with high risk-taking mutual fund investors

Before the new norms came into place from April 1 this year, only securities beyond 60 days were subjected to MTM and most liquid fund portfolios were immune to small yield changes.

Money News

Life insurance: 5 ways to raise growth momentum of insurance industry

Such tax related alignment is likely to create whitespace for offering protection solutions for aged customers who are otherwise unable to find affordable insurance solutions.

Money News

Taking a loan against property? Keep these six factors in mind

Lenders generally offer longer repayment tenure for loan against property, stretching up to 15-20 years, which is comparatively longer than other options such as personal loans that usually extend up

Money News
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