Page 691 - Personal Finance

Taxation not a deal breaker for young NPS investors

Higher returns in NPS can nullify exempt-exempt-exempt tax advantage of provident fund over 20-30 years

One year on, e-insurance still to catch up

Not even 10% of all policies in the industry have been digitised, due to resistance from both, industry players and customers

Use balanced funds to tide over market volatility

They are suitable for a three-to-five year investment horizon. Choose equity funds for longer than five years

Don't rely on funds' risk profile for full picture

It is a starting point but consider other aspects such as performance, portfolio quality to evaluate schemes

Balanced funds help in volatile markets

They are suitable for a 3-5 year horizon. Choose equity funds for longer than 5 years

Gujaratis are more conscious about investment for retirement: Survey

55% of Gujarati are thinking that retirement plan is important goal for them and 71% considering buying retirement plan at the age of 30 to 40

BOB cuts base rate by 25 bps, SBBJ by 15 bps

New rates effective May 6; with this, 21 of 91 scheduled commercial banks have reduced base rates

Be wary of private placement offers in little-known firms

Sebi has taken action against several of these and warned investors recently

Leveraging your assets

Asset-backed loans can be handy in meeting emergency needs. Cheaper than personal loans, these can even be taken by people with a poor credit rating

Case study

Realty check

Budget: Rs 4-6 crore

Sebi to introduce e-KYC framework in two months

New system aimed at reducing costs and time related to account-opening

Funding your child's higher education

Treat it as separate financial goal, start early and save systematically

General Insurance: Rakesh Jain

Survey report is final unless fault is found

The economy of weather forecasts

This year, forecasts suggest sub-par monsoon; its impact is not restricted to agriculture alone

Deduct tax at source while purchasing property

Else, you'll need to pay from own pocket with interest and penalty

I-T dept collects Rs 6.96 lakh cr revenue during 2014-15

Achieved collections are about Rs 9,000 cr or 14% short of projected target of Rs 7,05,000 cr

Bank of India cuts base rate by 25 bps to 9.95%

The new rate will be effecective from Monday

How to get more tax breaks this year

Use deductions introduced in the Budget to save additional Rs 24,000 in tax