Page 13 - Your Money

Beware, over-leveraging with top-up home loan could cost your home

A top-up home loan's tenure can, in theory, extend up to the residual tenure of the home loan

Give robust response to Section 148A notice to avoid reassessment

Taxpayers should, in the first place, file accurate returns annually, declaring income from all sources

Keep bulk of your portfolio in short- to medium-duration debt funds

The Reserve Bank of India (RBI), too, left the benchmark repo rate unchanged at 6.5 per cent and kept the policy stance unchanged on Thursday

Start, maintain Public Provident Fund account, even in new tax regime

Since PPF is a government-backed scheme, it offers full capital protection and guaranteed, risk-free return

Lock into best fixed deposit rates for up to a three-year tenure

Senior citizens will receive an additional 50 basis points over these rates.

File revised return with caution as repeated filings invite scrutiny

A taxpayer who does not revise their return within the stipulated deadline would be stuck with the original return, including its errors

Lost your money in intraday trading? Try fundamentals-based investing

People in full-time jobs should especially avoid intraday trading as it results in loss of focus and affects performance

Probable Fed rate cuts, geopolitical tensions add shine to yellow metal

The international market has also seen a dip in gold prices, with a 4.5% correction from recent peaks due to a potential slowdown in seasonal demand

Last-minute tax filing: Follow this checklist to avoid errors, oversights

Here's a guide to help you complete your ITR on time

Overlook recent outflows and invest in ELSS if you are in old tax regime

They remain attractive for investors having higher risk appetite and longer horizon

Non-reporting of foreign moveable assets up to Rs 20 lakh decriminalised

Be cautious, taxman could still come after you for wilfully withholding information

Budget 2024: Proposed LTCG tax changes on property sales explained

Holding period, quantum of gain to decide if new norms are beneficial

Budget: Employees to pocket Rs 17,500 more as new tax regime hits refresh

Over two-thirds individual taxpayers opted for new structure in FY24

Explained: How to decipher Union Budget's impact on your finances

Begin by listening to the FM's speech, this will give you an overview of the government's economic policies and priorities

Seek mid, smallcap exposure but fear volatility? Try multicap funds

According to the latest data from the Association of Mutual Funds in India (Amfi), multi-cap funds received net inflows of Rs 4,708 crore in June 2024, the highest among diversified equity schemes

BAFs: Check equity exposure range; select fund based on risk appetite

Currently, retail investors perceive equity market valuations to be expensive

Stop revolving credit card dues and replace with lower-cost debt

"Credit cards demand responsible usage. Due to high interest rates, late payments on credit card bills can snowball, pushing you into a debt trap," says Adhil Shetty, CEO, BankBazaar

Simplify investing: Allocate bulk of core portfolio to broad index fund

These index funds eliminate the complexity of selecting individual schemes. Investors do not have to worry about how much to put into various market caps

Play it safe: Match your horizon with gilt fund's average maturity

By taking the mutual fund route, investors can take exposure to gilts with small amounts

Fear the market turbulence? Ulips will keep your investment safe

Some insurers have been advertising their mid- and small-cap funds heavily. Some distributors and agents have also piggybacked on the popularity of mutual funds (MFs) to sell Ulips