Page 14 - Your Money

Wish to carry forward losses, get TDS refund? File nil Income-Tax Return

According to the Income-Tax (I-T) Act, it is not mandatory for individuals earning less than the basic exemption limit to file an ITR.

Opt for deductible to reduce premium, ensure sub-limits are reasonable

The main benefit of a senior citizen plan is witnessed at the time of issuance

Reversion to mean: Why frequent switching of SIPs should be avoided

Long-term investors should never stop their SIPs during market corrections

Mutual funds or NPS? Go for both if you don't mind latter's lock-in

MFs offer investors access to a wider range of assets (gold and international funds), fund houses and fund managers. Barring ELSS, the open-ended funds offer anytime liquidity

Business and economic cycle funds: Dynamic style provides the edge

Business cycle funds invest in themes expected to do well over the medium to long term, such as digital businesses, prem­ium­isation of consumption, and urbanisation

How to handle demands for outstanding dues on credit card that's not yours

Check your credit report, either monthly or quarterly, to stay informed about your credit transactions

Manufacturing funds are hot in markets, but beware of concentration risk

Investors with a long horizon and aggressive risk appetite may consider these funds

Check mid-market exchange rate in global currency when sending money abroad

Ensure the money transfer provider is a licensed entity

Using private car as a cab can lead to insurance claim rejection

Customers should be mindful of factors that can lead to motor claim rejections and take steps to avoid them

Don't chase past performers in equity markets, build all-weather portfolio

The bottom line: switching strategies does not boost returns

Special situation funds: Ideal for high-risk investors with long horizon

These funds at times invest in companies going through corporate restructuring, such as mergers, demergers, or buybacks

Resolve inaccuracies in AIS promptly with real-time status update tool

Reconciling financial transactions with Annual Information Statement before filing return can prevent inquiries by taxman

Bet on IT funds to gain from digitisation, generative AI adoption

Limit allocation to 10% of equity portfolio and enter with a five to seven-year horizon

Retirement MFs: Equity allocation, flexible withdrawal options key benefits

Stay invested even after lock-in ends to gain from compounding

New mutual fund investors: Set goals and assess your risk profile

Knowing these parameters will allow you to determine the optimal asset allocation, essential for building a portfolio

Ensure donations claimed in tax returns match Form 10BE figures

Retain Form 10BE and related documents for at least four years to validate Section 80G claims

Select a smart-beta fund based on your risk tolerance; restrict exposure

Aggressive investors may choose momentum-based factor funds

Sector & thematic funds: Prospects, not past returns, should be your guide

Monitor these funds closely and be quick to exit, instead of trying to chase the last rupee

File tax return in mid-June, once all necessary information is available

Only taxpayers with single source of income or simple finances should file early

Streedhan: Understanding and protecting a woman's right over assets

The husband's family should also document all gifts to avoid false allegations