Page 686 - Personal Finance
Don't migrate just yet
It will be prudent to wait for a few more weeks before shifting or taking a new loan
 "Don't migrate just yet")
HDFC Bank cuts base rate to 9.7%, matches SBI
This is second base rate cut by the bank; cut base rate by 15 basis points to 9.85% in April also
 "HDFC Bank cuts base rate to 9.7%, matches SBI")
Gold returns to remain subdued
It's better to dilute the holding and start looking at equity
 "Gold returns to remain subdued")
Have you been mis-sold an insurance policy?
If the product features don't match your requirements, cancel it during the free-look period
 "Have you been mis-sold an insurance policy?")
Making a style statement with your home
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
 "Making a style statement with your home")
 "Case study")
Realty check
budget: Rs 1-1.5 crore
 "Realty check")
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
 "Executive courses can help in career enhancement")
Increased pressure on banking sector
Be braced for banks to declare a bad quarter due to MTM losses on their bond portfolio
Top-up car loans can work out cheaper than personal loans
Opt for balloon schemes if you are capable of paying a large instalment upfront
 "Top-up car loans can work out cheaper than personal loans")
Irdai likely to ask banks to tie up with more than one insurer
In an earlier draft, banks had to cap business from one insurer to 90% in the first year and to 50% after four years
 "Irdai likely to ask banks to tie up with more than one insurer")
HDFC health benefit card convenient up to a point
Prepaid one offered by HDFC Bank and Apollo Hospitals gives discounts but one needs to spend it at designated hospitals and pharmacies to avail benefits
 "HDFC health benefit card convenient up to a point")
Always respond to an I-T notice
Some can be done online; in case of an offline reply, insist on an acknowledgment
 "Always respond to an I-T notice")
For mutual fund investors, exchanges offer better facilities
But investors should look at other online options before taking this route
 "For mutual fund investors, exchanges offer better facilities")
Flows into equity mutual funds remain robust
Rs 10,000 crore in May despite market correction
 "Flows into equity mutual funds remain robust")
 "Case study")
 "Banking: Jairam Sridharan")
 "Good infrastructure and connectivity are attractions")