Page 11 - Guide To Personal Finance

Unable to get a loan? Build a proper credit history with secured card

First-time borrowers should start a fixed deposit and get a credit card against it

Explained: How to structure your salary to reduce your tax burden

When an employer when employees a person, he specifies his cost to the company (C.T.C). It means that the organization is going to spend that much amount per year to employ that person

Limit exposure to pharma and healthcare funds to 5% of equity portfolio

Improving US generic market outlook is driving the current rebound, but brace for periodic drawdowns

Don't dodge lender if default is imminent; request for loan recast instead

Also explore options such as swapping higher-cost debt with lower-cost alternatives, and debt consolidation

Want immediate insurance coverage for diabetes? Apply for a customised plan

Though costlier, they offer coverage for both type I and II diabetes, and to those with high levels of HbA1C

Monsoon-proof your vehicle with engine protection insurance cover

If you own an EV, buying a battery-protection add-on would be prudent

Want to hedge against risky bets? Invest in the current SGB tranche

However, you must have a five-year horizon; choose gold ETFs if you wish to exit sooner

An innovative approach to domestic staff loans

This system could convert 15 crore households into social venture capitalists, offering Rs. 75,000 crore worth of microloans to staff, and integrating the latter into formal lending

Mitigate prolonged hospitalisation with reasonably priced accident cover

Frequent travellers and those engaged in risky occupations must buy this inexpensive cover

Nascent recovery in IT funds: Invest systematically, hold for long term

Experts suggest holding them for long term, say tech stocks may take a hit if economic conditions in US or Europe worsen

Did you know? Bank's liability is 100 times annual rent of a locker

Bank branch that has run out of lockers must put you on a waiting list

Opportune time to diversify internationally as US benchmarks recover

Enter for the long haul as the US economy and market could witness turbulence in the months ahead

Utilise enhanced SCSS limit, but diversify your retirement corpus

Money should also be invested in instruments that offer growth, longer lock-in, and liquidity

Invest severance package in debt funds, use SWP to create cash flows

Part of this money should also go into creating an emergency corpus equal to 12 months of expenses

Assess your affordability before purchasing amid housing market buoyancy

People in sectors witnessing layoffs should be especially cautious

Have realistic expectations from your investments

An investment's six-month performance is akin to data shown on TV during a match - useful to know which way the match is going, not select a batsman

Pan-Aadhaar link online: What happens if cards are not linked by March 31?

Pan-Aadhaar link last date: Centre has fixed the last date to link the two cards as March 31

Does your tax liability for year exceed Rs 10,000? Pay advance tax

While NRIs are liable to pay advance tax, senior citizens with pension and interest income are exempted

How investing in 54EC bonds can help you save tax on long-term gains

REC (formerly Rural Electrification Corporation) launched a new series (XVI) of 54EC Capital Gains Tax Exemption bonds on April 1

Investing in credit funds based on past returns would be foolhardy: Experts

Credit risk funds are showing a category average return of 13.2 per cent for the past year