Page 581 - Personal Finance

IPOs: Have a 'stag' strategy

Be ready to book profits and sell out if the stock lists at a premium

Accessing bank account of an incapacitated person isn't easy

An account holder should use the 'either or survivor' option or give power of attorney to critical members of the family

Now, school must pay if a student gets injured on its premises

The school becomes liable for failing in its duty to monitor the students and enforce discipline

Realty check: Current rates and unit sizes in the Rs 2-2.5 cr price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Readers' Corner: Banking

Rajiv Anand, Executive Director, Axis Bank, answers your questions

Give infra push to your portfolio

While picking mutual funds, go for ones with at least 85% exposure to these stocks

Overseas property is more lucrative

Take help of an international consultant to navigate the complex rules, regulations and taxes in India and abroad

New PPF-NSC rules to hit NRIs

You might have to close these accounts if you move abroad for a year or two. Those already abroad will be paid a lower interest rate since the date of turning non-resident

It's switch time for Ulip holders

If you have bought the policy now, stay for the entire period. If the policy is close to maturing, shift to debt option

Job exits can be riddled with contentious clauses

Employers can enforce certain restrictions, but they cannot prevent an employee from joining a competitor or sign bonds perennially

Invest 5-10% in a banking sector fund

Ensure that mutual fund's portfolio includes all three players -private sector banks, public sector banks and NBFCs

Is GST paid on vehicles for office purpose eligible for input tax credit?

If the motor vehicle is used by you for any of the aforesaid purposes, you should be eligible to claim the input tax credit, otherwise not

Focus on bank functioning

Reforms might be difficult due to elections and hostile bank unions

More transparency in peer-to-peer lending

The validation of the P2P model by the government and the RBI will play a significant role in boosting confidence among lenders and borrowers

Pension regulator PFRDA increases incentives for POPs to promote NPS

Also, a new incentive towards increasing persistency has been introduced

Insurance IPOs: Fear of the unknown keeps investors at bay

Analysts believe those looking for listing or short-term gains will not benefit

Hotspot: The best of Mumbai at one location

Worli's favourable location, sea-facing ethos and seamless connectivity to the major commercial establishments are true winners

Readers' Corner: General Insurance

K G Krishnamoorthy Rao, MD and CEO, Future Generali India Insurance, answers your questions

Tipping Point: Can you compare valuation of a stock with that of a bond?

Yes, earnings yield allows you to do so. P/E ratio is calculated by dividing a stock's price with its past or future earnings

Gains from virtual currencies are taxable

Based on the holding period, you have to pay short-term or long-term capital gains tax