A young father of two teenagers passed away unexpectedly. The mother was emotionally supported by families on both sides, who stood by her initially. In a month’s time though, the situation had rapidly deteriorated. As expected, money was the culprit. The parents of the deceased man are retired and depended on their only son for partial financial support as their pension is meagre. The daughter in law refuses to support them further. She says she is being realistic. There is now only one income, and there are two children who would soon go to college. She is staring at another…
Author: Miley Selena
As expected, most flexi-cap funds have retained their large-cap tilt.SynopsisDespite the visible difference in positioning, it presents a dilemma for investors. Both fund types essentially straddle multiple market cap segments, albeit to different degrees. How should investors pick from these overlapping fund categories?For several months now, we have seen flexi-cap and multi-cap funds being run as separate vehicles. The two sets of funds have taken distinct shapes in this time frame. However, investors aren’t any closer to knowing what suits them better. Adding to the confusion is the presence of large-and-mid-cap funds. How should investors pick from these overlapping fund…
You need an action plan to reduce and eliminate this debt. Paying off credit card debt requires a hands-on approach, from determining the best repayment strategy to contacting creditors to negotiating interest rates. Credit rating report A good way to start is by viewing one’s credit report and credit score, both of which can be done for free. Check if it’s accurate and identify the accounts dragging your rating down. Negotiate with lenders Explain to lenders steps taken to avoid defaults and ask to renegotiate the debt. The lenders will make concessions if they feel loose credit ways have been…
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed 85324339 Where the fund invests 85324342 Basic facts Date of launch: 29 December 1998 Category: Equity Type: Large Cap AUM (As on 31 July 2021): Rs 2,945 cr Benchmark: NIFTY 50 Total Return Index What it Read more: EconomicTimes
Investing in foreign markets has become very easy now, Globalise CEO Viraj Nanda tells ET Wealth. How easy is it to start investing in foreign stocks sitting in India? An investor must first register with a brokerage house and get his KYC done. The process is entirely online and requires only your PAN and Aadhaar cards. After the details are verified, the customer can transfer money from his bank account to his brokerage account and start trading. Under the Liberalised Remittance Scheme, there is a cap of $2.5 lakh (roughly Rs 1.85 crore) per individual in a financial year. How…
When someone uses personal data — name, PAN, Aadhaar, birth date, credit/debit card details etc — to wrongfully impersonate an individual for financial gain, it is an instance of identity theft. As he sets out on his earning life, Ashish is worried that imposters might use his personal information to drain his bank and investment accounts, open new credit lines in his name, mess with tax refunds, utility bills, insurance claims etc. He wonders how he can minimise his chances of being targeted, and what steps he can take if he falls victim. Ashish’s Aadhaar and PAN details are the…
This week ET Wealth realty hot spot series takes a look at Greater Kailash in New Delhi. High-end homes and much frequented retail destinations dot this area in the capital. The locality offers under-construction and ready-to-move-in homes. Greater Kailash is 16KM away from the airport and 8 KM from the nearest railway station. The price range of properties in the area is Rs 9,900-25,800 per square feet. Average price of 2 BHK, 3 BHK and 4BHK is Rs 1.59 crore, Rs 3.14 crore and Rs 5.45 crore respectively. Locality Snapshot Highlights Upscale neighbourhood in South Delhi known for high-end residential…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I: Vivek Gupta is saving for his daughters’ education and marriage. Here’s what the doctor has advised: Goals Portfolio recommendations Portfolio check-up Investing in equity funds for past two years.…
By Sudhir Kaushik of Taxspanner.com Gurgaon-based finance professional Deepak Saxena pays a low tax even though he does not claim all the deductions avaliable to him. Taxspanner estimates that Saxena can reduce his tax by nearly Rs 58,000 if he gets a few more tax-free perks, he opts for the NPS benefit offered by his company and he also invests in the pension scheme on his own. Saxena should start opting for the NPS benefit offered by his company. Under Sec 80CCD(2), up to 10% of the basic put in NPS is tax free. If his company puts Rs 5,179…
5 things to know about E-rupi Read more: EconomicTimes