Page 628 - Personal Finance

New highs in mid-caps worry analysts

Experts feel taking some profits off the table will be good for investors

How UPI may score over IMPS for making mobile payments

You can even send a collection request if you have loaned money to someone. If he does not approve the payment, his intention would be suspect

Child care via MFs: Avoid lock-in option

Go for open-ended scheme that allows redemption, in case the fund does not perform

Should fund manager's own investment be criteria for potential investors?

Fund manager's investments in their own schemes is a good metric to look at, but it isn't the most important

Lower tax on property via revised declaration

Amendments to Income Declaration Scheme allow property value to be calculated from date of acquisition

Closed-end funds give fund managers time to perform

In the absence of redemption pressures, they can pick multi-baggers . But, investors have to reconcile themselves to lower liquidity

Case study

Business Standard analyses one family's finances and suggests a way forward

Realty check

Budget: Rs 2-2.5 crore

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

Government services to become cheaper

Consumers can save up to 2.5% on credit cards and 0.75% on debit for using government services

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

PFRDA lowers minimum contribution to Rs 1,000 per year

Earlier, a subscriber had to contribute at least Rs 6,000 in a financial year (April-March) to keep the Tier-1 account running

Independent living for senior citizens

Buy a retirement home for use, not for investment