Page 760 - Personal Finance

Fund Pick: ICICI Prudential Balanced Fund

Balanced in the true sense

Can consider PSBs at current levels: Experts

Currently, most PSB stocks are trading at a discount of 40-60% to their 52-week highs

Have separate policies

Joint life policies are handy for home loan cover, but even two separate online policies will be cheaper

Accumulate Bank of Baroda: Angel Broking

Bank of Baroda's Q3 numbers slightly above estimates

EPFO trustees approve minimum pension scheme of Rs 1,000

Go slow with mid-caps

These get squeezed in an economic down cycle, so be selective when investing in funds

HDFC Bank introduces 'missed call banking'

Service allows customers use banking services without visiting branches and ATMs or using internet and mobile banking

Opt for cars with safety features

Even if costlier, damage to these will be less, leading to fewer claims, lower premiums

Don't rush to get Aadhaar number

The erosion of its identity as a single-identity proof is reducing the utility significantly

Small saving schemes could lose sheen

Urjit Patel committee recommends resetting the rates more frequently. That might make these much less attractive

General Insurance: Rakesh Jain

Use add-on covers to hedge your medical costs

Choose one based on your age, nature of job and likely future expenses; these could prove useful

Interest rates likely to stay high in foreseeable future

RBI's rate rise could mean a long-term downtrend for financial stocks & pressure on rate-sensitives

How to make a will that is tamper-proof

Here are ways to ensure your children and other legal heirs don't tear at each other when you're gone but your wealth hasn't

EPFO to consider raising retirement age to 60 years at Feb 5 meet

At present, under EPS-95, subscribers of Employees' Provident Fund Organisation cease to be a member of pension scheme

Irda issues new micro insurance draft norms

Partial withdrawal allowed under micro-variable life products; kirana stores can sell policies in rural areas

Choose pharma stocks with care

While valuations have risen, share prices have been hit by quality concerns and restrictions by international agencies

How to improve rental yields

Even a smaller property at a good location and proper maintainence helps

A portfolio to beat the impact of QE tapering

With risk-on positions being questioned, make a gradual transition to safety

How changes in ULIP impacts your finances?

IRDA has introduced a cap on charges such as surrender charges. Maximum surrender charges cannot exceed Rs 6,000 in the first year from now on