Page 986 - Personal Finance
Joint ownership isn't a hurdle to tax benefit
If property is purchased by one person, he/she will get the full tax exemption. If bought together, proportionate exemption is allowed
Nominate for smooth transfer of assets
A nominee is a custodian of most assets, except in case of equities
How effective are our redressal systems?
There are avenues beyond a firm's grievance cells consumers need to be aware of these
Small cities' contribution to MF assets rises in tough times
Industry officials say inflows from small town investors stickier
Cut in base rate better than spread reduction
Banks can restore the margin at any time, whereas the benchmark rate, though reviewed quarterly, does not change frequently
Stay away from PSU stocks
Exit govt-owned companies' stocks even at a loss and invest in pvt firms with potential to give better returns, say experts
How to choose a non-resident a/c
Consider taxation and currency risks before choosing between NRI, NRO and FCNR accounts
Covering life, health is not all
While these two are important, there are other risks such as loan repayment and retirement that you need to insure
Build debt portfolio in uncertain markets
Risk-averse investors can invest in fixed income products as these are giving good returns and are tax efficient
Rupee-sensitive stocks risky for new investors
Stay away from shares of companies that have high overseas investor holdings or foreign currency convertible bonds due for conversion soon
Extra medical kitty for parents
Having an insurance cover may not be enough, as the elderly may need constant medical attention leading to depletion of financial resources
Market sentiments are driven by events
While there are short-term blips due to adverse policy decisions, investors should not move money unless there is a drastic change