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Showing posts with label Finance News. Show all posts
Showing posts with label Finance News. Show all posts

Thursday, April 18, 2019

Products that guarantee returns are, typically, conservative in nature

Switch to mutual fund SIPs for your long-term investing needs, and increase your monthly investment considerably to get to your target.For the allocation to small-cap, consider adding HDFC Small Cap Fund into the mix and splitting the allocation with the Reliance Small Cap Fund, which you already have
Source: LM

Clues to help decode if an FMP is good for you

Know the risk associated with FMPs and how it can affect your returns.A well-researched and carefully selected FMP bond portfolio will give investors a lower risk debt fund option
Source: LM

No interest-free window to repay cash withdrawn from ATM using credit card

If you need to withdraw cash using your credit card, repay it at the earliest as you are charged the interest right from the day you make the withdrawal.If the amount is high and unmanageable, you can also approach your bank to convert the credit card dues into a personal loan
Source: LM

Travelling abroad? Load your cash on forex cards

You may need to carry a little bit of cash, but use forex cards for other needs as they are safer to carry than cash and cheaper than debit and credit cards.The biggest advantage of using a forex card is that you know the exact exchange rate you are paying
Source: LM

How much does a house cost in Mumbai?

A property price depends on various factors such as location, neighbourhood, quality of construction, amenities and age of building, among others.If you are planning to buy a property for self-use, our compilation of property prices of prominent localities in major cities may help you compare and make an informed decision
Source: LM

Wednesday, April 17, 2019

‘Agents didn’t help when I was in a financial crisis’

With the help of a planner, Sathya Rao is on track to achieve her financial goals.Sathya Rao said she won’t take too much exposure to real estate since it is difficult to manage
Source: LM

Kerala’s vacant houses are high on nostalgia, not on returns

Many non-resident Keralites don’t realise that buying a house too early in life may not be a wise idea.Keralites prefer independently constructed houses, thanks to lower land prices in smaller towns of the state
Source: LM

Opinion | Talking about his money, her money, our money

It is a good idea to have a feet-on-the-ground approach to your joint money lives
Source: LM

Son can create HUF within father’s HUF

Upon the marriage of a male co-parcener, his wife also becomes a member of the HUF and the children of a co-parcener automatically become co-parceners at birth..A co-parcener can make gifts to the HUF. It is preferable that the gift is implemented by a deed of gift or other writing
Source: LM

IDBI Bank brings paperless account facility for NRIs

IDBI Bank has launched 'NRI-Insta-Online' account opening process for NRIs residing in Financial Action Task Force member countries.On successful upload and verification of the scanned documents, the account is opened instantly
Source: LM

Tuesday, April 16, 2019

Liquidate financial assets if its return is lower than rate charged on loan

A PPF account cannot be opened by submitting only your PAN. You need to fill an account opening form, submit your residence proof and photograph/s to activate the account.Know your short-term liquidity needs when deciding whether to take a loan or to liquidate a financial asset
Source: LM

Houses become more affordable across India

Home affordability has increased in the last decade and is expected to become better due to factors like stagnant prices and higher growth in incomes.One of the main reasons behind increase in affordability is higher income growth compared to property prices
Source: LM

Opinion | It’s all about pushing boundaries, whether cricket or your finances

Both sports and investing involve continuous skill building and practice
Source: LM

For RNOR, NRI, income earned abroad is not taxable in India

Your residential status will have to be tested for each financial year separately and taxes filed accordingly.If you are an RNOR or an NRI, income earned outside India will not be taxable in India
Source: LM

What women need to do to beat gender pay gap

In what can be a small pushback, women need to take charge of their financial lives.According to ILO, on average, women are still paid 34% less than men in India
Source: LM

Uttar Pradesh RERA website to have all updates in next three months

UP RERA chief talks about his experience so far, the progress on complaints, and how RERA could play a role in cases where buyers invoke the IBC against errant builders
Source: LM

Sunday, April 14, 2019

Can EPFO bear the additional financial burden of higher EPS?

Supreme Court verdict has opened the doors for much higher pension payouts to workers which, in turn, puts a much greater financial burden on the EPFO.Neil Borate asks experts whether or not the EPFO can afford to pay higher pensions
Source: LM

Home loan rates compared: Corporation Bank vs SBI vs Central Bank

A home loan is called a ‘good’ loan because it helps you acquire a tangible asset that can appreciate over the long-term.Here’s a look at the lowest home loan interest rates of some leading banks
Source: LM

What is EPS and when are you eligible to get it?

As per the Employees’ Pension Scheme, 1995, the employer needs to contribute 8.33% of your salary into EPS.After working for more than 10 years, you are eligible for EPS pension, which starts either at the age of 50 or 58 years, as per your choice
Source: LM

Opinion | Fintech touching millions of lives by redefining financial services

Fintech can reach many underserved yet economically viable customers
Source: LM