How to hire a safe deposit locker with a bank
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One of the important services banks offer customers is the provision of safe deposit lockers. The lockers come in different sizes and are used for safe keeping of valuab...Click on Read More
How equity oriented mutual funds are taxed
1. Mutual funds that invest 65% or more of their corpus in equity and equity related securities at all times are called equity oriented mutual funds.
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Why you should link investments to goals, not to market situations
By Uma Shashikant
When the stock markets are volatile, you always hear conflicting views. Optimists will prod you to be a smart investor an...Click on Read More
How an adviser can help in organising your financial life
Sanjana has been working for the past 12 years. She has been saving and investing for a long time, and holds multiple accounts and folios.
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How to determine asset allocation of your portfolio
1. Required return depends on the financial goals of an investor and decides whether portfolio needs to be growth oriented or income oriented. ...Click on Read More
How to set up e-mandate for SIP in MFs
To set up a systematic investment plan(SIP), the investor can either submit physical post dated cheques or give a bank mandate for auto debit of the ...Click on Read More
Are wealthy people morally obliged to give it back to society?
By Uma Shashikant
When I met this friend at the airport after 30 years, what struck me was how easily he flashed his wealth.
Should you avoid equity because of volatility?
Manisha’s mother is a retired bank officer who always invested in traditional instruments like post office deposits, fixed deposits and small savings schemes. She is unw...Click on Read More
Want to invest in foreign financial markets? Here's a quick guide
1. One way to diversify a portfolio is to put some money in overseas investments as foreign markets may respond differently to economic conditions than domestic markets. ...Click on Read More
How to cancel a PAN after death of the PAN holder
While it is important to have a PAN, it is also equally important to cancel an allotted PAN in certain circumstances such as allotment of two PANs or on the death of a PAN hol...Click on Read More
How to claim tax benefits on medical insurance premium
Medical insurance premium paid offers tax benefits under Section 80D of the income tax Act. The Finance Act, 2018 offers higher deductions for medical premiums paid for senior...Click on Read More
What is 'investor inertia' and how it can waste your wealth
By Uma Shashikant
There is an explanation as to why we treat our assets carelessly. Many of us have pending tasks stashed at the back of ou...Click on Read More
Factors to consider before getting a family floater health insurance policy
Business owner Amit is a 37-year-old father of two. He also looks after his elderly parents who live with him. As both his parents are diabetic, Amit wants to buy a health ins...Click on Read More
Smart things to know about tax audits
1. Tax audit is a review of accounts of taxpayers with business or professio...Click on Read More
What will happen to your physical shares after December 5, 2018
By Uma Shashikant
Not too many years ago, stock broking in India was predominantly a family business. While those who were good in maths ha...Click on Read More