Wondering where to invest? MFs have these 20 large & midcap stocks in their kitty

Wondering where to invest? MFs have these 20 large & midcap stocks in their kitty

Investing becomes tricky, especially in a bull market when every stock seems to be on the ‘cloud 9’. Well, one way is to do your research and buy stocks on declines and the other way could be to look at the portfolio where foreign institutional investors (FIIs) or mutual funds are betting. We don’t advise investors to blindly replicate FII or MF portfolio, but it could certainly provide you clues as to where the smart money is moving and after doing your own research investors should place their bets accordingly….

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Last minute Tax Planning guide

Last minute Tax Planning guide

guest: Hello Sir,in my Form 16 I show Rs.150000/- deposited in ELSS fund but actually I deposited Rs.150000/- in my PPF account , is it make any punishment if I file return and get 80C deduction? please must answer. Anil Rego: First you have to confirm the assessment year. if it is for FY2016-17 then , you can ask the concerned department for rectification. if it is for FY2015-16 , then already form 16 would have been generated and further rectification is not possible. if scrutiny comes, explanation should be…

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Varishtha Pension Bima Yojana (VPBY) 2017 with 8% guaranteed Pension: Things to know

Varishtha Pension Bima Yojana (VPBY) 2017 with 8% guaranteed Pension: Things to know

The Varishtha Pension Bima Yojana (VPBY) 2017, a scheme unannounced by the Prime Minster  Narendra Modi on new year eve was approved by the cabinet on Tuesday. Post demonetisation banks are slashing interest rate on fixed deposits. Therefore, to guard the interest of the senior citizens (above 60 years of age) in case of falling interest rates, PM Modi announced this scheme with a guaranteed interest of 8 per cent for 10 years The scheme will be launched by Life Insurance Corporation of India on April 1st as per sources….

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BUDGET COUNTDOWN – `More tax benefits on home loans will push the economy…’

BUDGET COUNTDOWN – `More tax benefits on home loans will push the economy…’

The Union Budget for the financial year 2017-18 is less than a week away. There are many expectations of this Budget in the light of the recent demonetisation and the need to push growth in the economy. The realty sector contributes significantly to the GDP. A boost for this sector in the Budget will put more money to work, translate into more employment opportunity and contribute to the cause of `Housing for All’.   Anil Rego, a financial advisor, shares some thoughts on what prospective homebuyers can expect in this…

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Filing income tax returns: Keep these documents handy, now

Filing income tax returns: Keep these documents handy, now

Whether salaried or running your own business, it’s about time to get your investment proofs in tax-saving instruments ready for filing your income tax returns later this year. Here’s a brief gist of all the documents which you need to keep handy. 1. Section 80 C investments Section80C investments constitute an important chunk of tax planning that people do and hence contributes towards lower income tax. Let streamlined finances be a feature from this year, and may it never lose its sheen the way New Year resolutions do after a…

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Money Resolutions for New Year 2017

Money Resolutions for New Year 2017

We all know that New Year Resolutions are easy to list, but hard to keep.  And resolutions about money are even harder.  Here are some tips to help you keep at your resolutions. Go low on the interest you pay: This one is a big consumer of your hard earned money. Make a goal to go down on the interest you pay annually. For example; pick the credit card on which you pay the highest interest and aim to pay it down by 50% if not higher.  Mahesh and his…

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5 ways to beat the sharp cut in FD rates

5 ways to beat the sharp cut in FD rates

Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock into instruments offering higher returns, reports Sanjay Kumar Singh. Being flush with liquidity and having limited avenues to deploy their funds, banks have begun to cut deposit rates. The State Bank of India, ICICI Bank and HDFC Bank, among others, have reduced fixed deposit rates by 15 to 25 basis points (bps) for retail (small) deposits. For bulk deposits (Rs 1 crore and above), SBI cut rates by 125…

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Net Returns is all that matters – Asset Classes and Tax Implications.

Net Returns is all that matters – Asset Classes and Tax Implications.

As an investor it is imperative that you understand the different asset classes and its varied tax implications. It is true that every financial advisor you approach would talk about diversifying your investment portfolio and allocating your assets to a variety of asset classes depending on your risk profile and your short and long term financial goals. That’s enough of jargon talk. We’ll cut the finance babble and get to the point. First things first. Do you know how much you are taxed on your investments? Taxes make a big…

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For high lifetime regular income on insurance annuities, invest right NOW. Here’s why.

For high lifetime regular income on insurance annuities, invest right NOW. Here’s why.

Income from insurance annuities reducing, invest now If you are considering investing in an insurance pension product that provides annuities when you retire, for a steady flow of income during your golden years, you need to hurry. This is because annuity rates offered by insurers are likely to come down shortly in line with the downward movement on interest rates. Some insurers have already dropped rates and others may follow soon. There is a small window available with some insurers; if you apply now, you will be eligible for income…

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