Page 766 - Personal Finance

Protect your wealth with trusts

Succession planning through this route is gaining traction, as more people prefer it to save tax and guard against tricky situations

Should you sell your MF or borrow against it?

You can borrow up to 50 per cent of your fund value

Refining industry needs more reform

Reducing forex outgo through higher exports and boosting domestic production will improve the prospects

Wealth creation vs wealth preservation

While equity and real estate help in wealth creation, bonds and gold aid preservation

Irda extends product refiling deadline for life insurance by 3 months

Earlier deadline was Oct 1 which mean have meant that customers would have limited new products to choose from

Plastic money grew 2.1% in September

RBI data shows credit cards outstanding grew 2.1% in September compared with 21.8% a year ago

HRA exemption of over Rs 8,333 a month will need landlord's PAN

Earlier, taxpayers produce a rent agreement or PAN card of the landlord if the monthly rent exceeded Rs 15,000

Small cities, satellite towns defy realty slowdown

Developers say metros are seeing less traction due to high prices

What isn't your investment?

Your first house, family jewellery, contingency fund shouldn't be linked to any goal

Business Standard Fund Cafe: Investors need to understand us better

Mutual fund bosses say long-term mindset is the key and efforts are on to rope in more distributors and impart education

Don't keep PF accounts idle

It is easy for fraudsters to withdraw from such accounts, as these aren't monitored regularly. And, you may be left to fight a long battle

Reverse mortgage gets more attractive

Go for banks with tie-ups with insurers. The annuities will be significantly higher and tax-free

Life insurers bet big on female agents

Several life insurers already have an almost equal proportion of male and female agents

RBI okays Bengal's state-sponsored deposit-taking scheme

However, officials suggested it would take some time to launch any deposit-taking scheme

Chola MD launches truck insurance

This would serve as one of the first value added insurance products for truck owners in the country

Zero-liability cards are useful

These come at the same cost as normal cards, but fraudulent online and ATM transactions aren't covered

Time to rejig portfolio but with caution

Carrot for tax compliance

The tax department's various initiatives to coax individuals to pay taxes haven't succeeded in the past. This time too, making on-time return filing a status symbol might not work

What to look for this earnings season

Keep track of companies that stay ahead of the curve and manage to grow even in a slowdown

Don't try to overachieve

There is no way to achieve perfection or even define it while investing. Make informed choices