Page 9 - Guide To Personal Finance

Financial planning for 2024, farmhouse luxury: Top personal finance stories

This week we advise on what to do about your money goals and how to plan a getaway investment in the greens

MAAFs: After sharp equity run-up, diversify with these all-weather funds

Both return and tax treatment can vary widely based on each fund's asset allocation mandate

Missed Dec 31 ITR deadline? Apply for condonation of delay at the earliest

Taxpayers may file an updated return after April 1

Bank bound to honour bearer cheque

The National Commission pointed out that by issuing a "self" cheque payable to "bearer", Susheel had relinquished the right to question its encashmentc

Term insurance test and getting into movies: Top personal finance stories

This week we explain how self-employed people can get term insurance and how train for a career in showbiz

Higher fund flows into India, other EMs likely to boost asset prices

Stick to asset allocation linked to financial goals, avoid wholesale portfolio changes

Equity funds' outlook for 2024: Book profits in smallcap, midcap funds

Money received should be allocated to largecap funds and fixed-income instruments

Delaying residential property purchase will only increase acquisition cost

Waiting for interest rates to soften is also not advisable, warn experts

All about profit booking, picking blazers: Top personal finance stories

This week we write about how to plan profit booking and getting the best look in blazers

Non-linked insurance plan: Surrender or stay? Do the math before deciding

The new norms contained in IRDAI's exposure draft, if implemented, will make surrendering less painful

Creating a balance sheet for every Indian

Despite the work put in by the regulators and support from the finance ministry, a few steps need to be taken to make AAS more effective

TMFs: Capture current high yields by staying invested till maturity

Select a fund with a longer duration to gain from possible rate cuts next year

Rebalance portfolio, avoid overexposure or complete exit from equities

Book profits in mid- and small-cap segments, allocate money to fixed income and gold

Leverage HUF to max tax benefits by distributing income, availing deduction

By distributing income and availing of deductions, it can facilitate tax savings

Be warned: Restarting stalled vehicle in a flooded area magnifies damage

In flood-prone areas, engine protection, zero depreciation, and roadside assistance riders are must-haves

Bank held liable for delay in insurance purchase

The National Commission observed that procrastination by the bank in deducting the premium, despite having obtained authorisation, had led to a delay in policy issuance

Children's fund: Lock-in is useful if you tend to exit amid high volatility

Before investing, understand the fund's portfolio composition, and whether it suits your risk appetite and horizon

With small & midcaps outperforming, direct more money to largecaps: Experts

Rebalancing by allocating more to an underperformer will help you avoid tax liabilities

NPS: Select and switch fund managers based on long-term performance

Monitor seven or 10-year performance and switch if underperformance persists for two years

Special Marriage Act: Only wife entitled to permanent alimony & maintenance

Children of marriages under this Act are not entitled to a share in ancestral property, only to parents' self-owned or inherited property