Page 699 - Personal Finance

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

SAT will be umbrella appellate authority for all regulated fin services

Insurance, pension, securities and even commodities will be brought within its ambit once FMC merges with Sebi

Insurance bill: Who gains more?

Insurance pure plays such as Max India, Reliance Capital stand to gain more even as others could see relatively smaller upticks

Use the lumpsum route in debt funds

While SIP can also be used to take advantage of the falling interest rate regime, tax issues make it unattractive

JPMorgan AMC may sell India biz

Three foreign fund houses have exited the Indian mutual fund business in the past 18 months

Restrict exposure to sectoral ETFs

Investors can allocate higher share to broader benchmark ETFs that are cheaper than diversified funds

IRDAI proposes 14-108% rise in motor third party premiums

Private cars may see 29-108 per cent hike in TP premiums, two-wheelers could see 14-32% hike

Saddled with unsolicited loans, cards?

In case of dispute, don't suspend payments to banks because it will reflect badly on your credit history

Insurance policy will pay for cases against officials

But not if fraud is proved, in which case any compensation awarded will also not be covered

EPFO declares average interest of 8.67% in 3 years to FY15

In the current financial year up to December 2014, EPFO invested a total of 3.59 lakh crore in various schemes