Page 80 - Personal Finance

India may cut market borrowing if small savings shoot up: Ajay Seth

India has projected gross market borrowing at 15.43 trn Indian rupees ($185.88 bn) for the fiscal year ending on March 31, of which it plans to borrow 8.88 trn rupees between April and Sept

Seek refund if alterations in realty project plan affect you adversely

Refund can be sought from the developer even if you had earlier consented to alterations

Received intimation notice from I-T dept? Rectify or clarify discrepancies

If you agree with the notice, file updated return and pay tax dues; if you disagree, send explanation

Buy home insurance policy that compensates on reinstatement basis

Revise your sum insured periodically so that it keeps pace with inflation

When selecting an equity savings fund, check its net equity exposure

Conservative investors keen to reduce volatility should choose a scheme with 15% net equity exposure

Multi-asset allocation fund: Invest for a diversified, low-risk portfolio

But steer clear of them if you desire complete control over asset allocation

Biz cycle funds can generate alpha but carry risks: What should you do?

Higher concentration and fund manager risk make these funds apt only for seasoned investors

Managing rent, setting up investment strategy: Top personal finance stories

What tenants should ask from landlords in rent agreements; how to bring discipline in your market play. Our newsletter explains

Put checks in place to curb overconfidence

Be aware of the overconfidence bias and implement checks in crucial areas like personal finances, say, by seeking expert advice or advice from a trusted source

An inheritance issue, luxury at the movies: Top personal finance stories

What does the law say about the rights of children born of invalid marriages; how are multiplexes wooing viewers: Our newsletter explains

Avoid drastic shift away from large-cap, into mid-, small-cap funds

Stick to strategic allocation; keep tactical deviations within a narrow range

From bakery shops to clothing stores, 7 business ideas under Rs 2 lakhs

Start your business with low capital; here are the 7 business ideas under Rs 2 lakh that you can start today and earn a hefty sum of money

Prioritise insurance policies with higher maturity for tax exemption

This approach will minimise your tax liability on traditional policies with lower maturity proceeds

Car loan strategy, European holiday plan: Top personal finance stories

Stories from our weekly newsletter tell you about how to manage and spend your money

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

Party over? If overweight, pare exposure to US technology companies

Allocation to it should not exceed 25% of your total exposure to country's market

As a first time earner, here are your most ideal investment options

Unless you are good at building your own stock portfolio, it is advisable to invest through mutual funds or index ETFs.

Centre approves 8.15% interest for 60 million EPFO subscribers in FY23

FY23 interest rate is marginally higher than 8.1% for FY22. After the 8.15% payout, EPFO will be left with a surplus of Rs 663.91 cr

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

Investor education can't be left to finfluencers

The space for non-regulated finfluencers has been created by the absence of regulator-driven education programmes and the constraints faced by regulated entities due to over regulation