Page 698 - Personal Finance

Axis Bank cuts deposit rates

Retail deposit rates slashed by 15-25 bps in select maturities

Small businesses don't need to maintain book of accounts

Companies having a turnover of under Rs 1 crore can opt for presumptive tax scheme

Treat notice from loan recovery firms seriously

An entirely new agreement will be drawn up with the asset reconstruction company if the loan is being restructured

Franklin eyes doubling its AUM to Rs 1,20,000 cr in 5 yrs

The fund house, which follows financial year ending on September 30, closed last year with an AUM at Rs 60,000 cr

Equity MF holding period under 2 years for 50% investors

Average holding period has shown a declining trend

Gold ETFs score over mining funds

They help diversify portfolio and are less risky

Should you bet on international gold funds now?

Many believe that companies are available at attractive valuations with positive outlook

International funds: Invest with caution

Among the worst performers in the past year, these can still help diversify your portfolio

Is online transaction truly online?

The initial process to commence a financial transaction still requires paperwork and documentation. This will not change until a central repository and common demat accounts are in place

Case study

MF retirement scores over NPS

Despite additional 80CCD deduction benefit given in the Budget, pension plans of MFs have more flexibility & better tax status

Taxation: Kuldip Kumar

Good options in low- to mid-end residential property

Hot Spot: Mysore Road, Bengaluru

Stop subsidising real estate purchases

Odds don't favour gold now

But one should hold it in small proportion to hedge against any turmoil in global markets

Tax-saving tips for buying and selling a property

A joint loan while buying is beneficial; make full use of deductions available while selling

JP Morgan may sell India mutual fund business

JP Morgan could become the fourth foreign fund house in a year to exit the Indian mutual fund industry, though its asset base has grown rapidly recently

EPFO's online PF withdrawal facility to take more time

Retirement fund body wants system to be foolproof, says Aadhaar number seeding with the PF account is a prerequisite

Spouse's credit score can hurt your loan prospects

Even if one's own score is good, banks will reject any joint application made with a spouse with a bad credit rating

Tax-free bonds seen receiving tepid response in FY16

Bond yields rise to two-month high due to higher inflation