Page 16 - Your Money

Buy art insurance cover on agreed value basis to avoid claim dispute

Art insurance offers protection against most of the risks like burglary, fire, water damage, accidental damage, terrorism, and many more

Investing in NBFC bonds: Strike a balance between return and rating

With more NBFCs tapping the bond market, interest rates are currently attractive

Avoid partial payout: Buy health insurance cover with fewer sub-limits

If you feel unfairly treated, you can complain to the insurance ombudsman or switch to another provider

Rate cuts and higher discretionary spending likely to boost tech funds

These schemes invest at least 80 per cent in shares of technology companies. As of August 31, 2024, 26 technology sector schemes managed assets worth Rs 45,637 crore.

Consider interest rate, collateral, cosigner terms when selecting lender

Indian students typically approach banks, NBFCs, and a few international lenders for foreign education loans

Is your portfolio heavy on growth strategy? Add dividend yield funds

"Companies that pay high dividends typically have strong cash flows and tend to be more stable," Atul Shinghal, Founder and CEO of Scripbox, says

Beyond FDs: Blend growth and income assets in retirement portfolio

Senior citizens may invest in high-quality bonds, senior citizens savings schemes, and post office monthly income schemes

Allocate 5-10% to banking funds to gain from rate cuts, valuations

Since banking and financial services is a large listed space, it has 55 passively and actively managed funds. The most recent addition is Bandhan Nifty Bank Index Fund

Minimise interest cost with the avalanche debt repayment strategy

Here are strategies borrowers looking to escape a debt trap can adopt

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