Page 45 - Financial Investment

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budget: Rs 1-1.5 crore

Executive courses can help in career enhancement

While the cost of education can run into lakhs of rupees, depending on the duration and institute, loans are available

General Insurance:Rakesh Jain

Computer-generated document has no evidentiary value

Increased pressure on banking sector

Be braced for banks to declare a bad quarter due to MTM losses on their bond portfolio

RBI's stance might limit gains in duration funds

Those with a horizon of less than 18-24 months could consider shifting to short-term bond funds

Improve your insurance coverage at nominal cost

Doing so increases the cost but a number of these add-on features make sense

Not easy to opt out

Whether it is mobile portability or credit card closure, things can be tough. For help, contact the nodal officer or use social media

Case study

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Insider trading: Employees will have to be more careful

Mutual Fund: Nimesh Shah

Uneven results of a rate cut

A sudden rise in crude oil prices, or a deeper slowdown in China or a recession in America could hurt

Don't get lured by exotic structures

Invest in such products only if a mutual fund or direct equity investment can't do the job

SBI launches loan resolution scheme

But use the extension of tenure option carefully, as it can be done only once

Service tax: Once in, never out

Even if entrepreneurs bill less than Rs 10 lakh after the first year, they will still have to pay tax

Participate in car recall to avoid claim rejection

Insurance can repudiate claims or make part payment if there's an accident

Don't buy MF schemes for bonus, dividends

Choose growth option that will help multiply money due to compounding

Case study

Neeraj is a manager (sales) in a real estate company. His wife, Ishita, is a homemaker

Readers' Corner: Taxation

There is no tax on making gifts