Page 16 - Financial Investment

Readers' Corner: Banking

Rajiv Anand, executive director, retail banking, Axis Bank, answers your questions

Allotment of flat without OC is illegal

The builder must get occupancy certificate on time. In case of any delay, the builder must compensate the buyer with rent for that period

Fast-track your savings for retirement

If you are in your 40s and not saving enough, here are a few ways to set it right

Bank frauds: Limited liability for customers?

If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code

Apps to manage your expenses

Recently, Edelweiss Financial Services launched a Wealth Pack app

The bubble in infrastructure

Prices are hitting levels where double-digit growth would be required to justify valuations

Rally in gold may continue

There may be further upside, as negative real interest rates in developed world unlikely to end soon

Motor Vehicles Act: Steep fines make insurance important

Expect premiums to go up or introduction of a co-pay option for third-party damage

Benefit from low expense ratios of ETFs

Expense ratios of ETFs have declined primarily due to fund houses' desire to attract institutional money, chiefly from the EPFO

Independent living for senior citizens

Buy a retirement home for use, not for investment

Case study

Track record of fund manager most relevant

AIFs give wider choice, diversification and could offer unique investment options. But the amount of research required from investors is a lot more

Readers' Corner: Taxation

Kuldip Kumar, partner and leader, personal tax, PwC India, answers your questions

Undri-Pisoli, Pune: Spillover demand from nearby areas, good connectivity to drive prices

In the past three to four years, this area has become one of the most preferred residential markets for people working in the Camp areas

Slowdown in hiring?

Outlook seems weaker in the east and the south and has marginally improved in the north

RBI's Sachet can help curb ponzi schemes

As all regulators are part of it, individuals don't need to worry about approaching the right authority

Stick with your insurer even if medical policy is withdrawn

Moving to a new company means losing out on continuity benefits

Move to shorter-duration debt funds

Frequency, magnitude of rate cuts will be slow, going forward. Investors should be happy with lower returns

Taxi apps Uber, Ola are useful for short distances

If you travel up to 25 km daily, it makes sense to use app-based taxi services. If over 75 km, owning a vehicle is cheaper

HITEC City, Hyderabad: An investment option that offers great deal value

IT houses Microsoft, IBM, Metamor, Toshiba, Oracle and Wipro, beside other leading names