Latest Personal Finance News | News on Personal Finance

December 12, 2022 07:33 AM IST

Value funds make a comeback: These mid-cap and small-cap stocks are their favourites

In the last 1-year period, value funds have given a return of 7.4 percent, as opposed to 2.4 percent by diversified funds. Value strategy tends to outperform growth and momentum strategies during rising interest rates and slower economic growth such as the current one

Combining tax benefits with superior returns: Tax-savings funds that top the charts

Equity-Linked Saving Schemes (ELSS) or tax-saving equity funds are the only pure equity instrument in the basket of instruments eligible for Section 80C tax deduction benefits

Personal finance management tools have an edge over mobile banking apps

Apps that study your financial behaviour and help you make smarter financial decisions can keep you ahead of the curve.

Mutual Fund assets top Rs 40 lakh crore in November; equity inflow slumps 75%

Inflows into the open-ended equity funds slumped to Rs 2,258 crore during last month against Rs 9,390 crore in October.

RBI rate hikes bring cheer to depositors. These savings accounts pay up to 7.5% interest

From Ujjivan to Bandhan Bank, small finance banks and new private banks have been offering higher interest rates on savings accounts compared to leading private and public sector banks to acquire new retail customers.

Personal Finance: Who needs a travel budget anyway?

Whether you plan for a Rs 20 lakh holiday or a Rs 2 lakh holiday – planning and booking in advance is what can stretch your rupee and save you last minute steep spends on potential upsets in the plan

How to write a frictionless will and pass on assets to your loved ones

Apart from deciding how much each of your heirs will inherit, there are some factors to consider while preparing your will.

With EMI burden rising, will Budget 2023 give more sops to home buyers?

Real estate experts say that tax deduction benefits to repay principal and interest amounts haven’t been raised in many years. Interest rate hikes and increased demand through the Covid pandemic should nudge the government to give sops to home-buyers, they add.

MPC move targets inflation, rates to stabilise going forward: Virat Diwanji

Customers with repo rate-linked home loans are likely to reach an EMI level where their lender will not be in position to increase the tenure, meaning monthly payments would rise.

Play poker? Your investment style might look like the player in you

The risk-taker faces off with the risk-avoider, but both lag the risk-adapter at poker. The investment world too has similar investors squaring up against one another. One of them has a better chance at making money than the other two

Coming soon: Wider mandate for UPI to facilitate investments

Reserve Bank of India governor Shaktikanta Das said UPI will soon allow single-block-and-multiple debit functionality. Investments in the capital markets and mutual funds are set to be among the bigger beneficiaries

Budget expectations | Crypto sector hopes for revision in tax rates, parity with other assets, regulations

While the government introduced crypto taxation in the last budget, it did not address the legality of such assets, a long-standing demand of the sector.

RBI rate hike: Borrowers stare at higher EMIs, reduced eligibility; depositors stand to gain

Existing home loan borrowers may see EMIs rising as there is not much room for loan tenures to increase. On the other hand, they may gain from a likely rise in fixed deposit rates

RBI enhances scope of BBPS to include tax and rent payments, education fees

At present, the system handles recurring bill payments for merchants and utilities and does not cater to nonrecurring bills.

How should debt fund investors play the RBI rate hike?

Experts suggest investing in short-term funds but also allocating a part of the capital to long-term gilt funds to take advantage of any positive surprises on the inflation front

RBI hikes interest rate as expected, and keeps the door open for further hikes

Fixed rate loans, referred to as MCLR (marginal cost-based lending rate) move up with a lag. On the other side of the table, the move stands to benefit depositors.

Caution ahead of market at new highs? Check out these large-caps PMS managers love

Quality largecap stocks tend to provide comfort and cushion the market turbulences well

Double-digit growth in life insurance sector to continue, new proposals to boost business: Milliman India

The regulatory changes proposed by IRDAI will give a further boost to growth and also improve penetration, says actuarial firm Milliman India has said

Budget 2023: Will long-term capital gains exemption limit go up?

The exemption allowed for long-term capital gains on equity investments need to be further enhanced to account for inflation, rising income levels and to encourage more investors into equity markets, say analysts.

Why you should buy health insurance now, and not wait till retirement

Buying health insurance when you are comparatively younger and healthier will supplement your employer-provided cover for any higher hospitalisation bills and there will be no hassles in terms of renewability. If you want to buy insurance at an advanced age and have some new health issues, insurers may not even be willing to cover you.

Insurers seek separate tax deduction basket for life policies, higher limit for health premium

Ahead of the budget, insurance companies also want finance minister Nirmala Sitharaman to accept their demand to exempt the principal component of annuities, or pension income, from tax

Best stock picks for NPS-II when low volatility and flexibility matter

NPS- II is among the best kept secrets in the National Pension Scheme architecture. Only those investors with a NPS-1 account can open a NPS-2 account. Ten NPS managers offer Tier – II equity funds investing predominantly in the large-cap stocks. Expect a high degree of safety from NPS stock picking

Here’s why buying term insurance from India is more beneficial for NRIs

NRIs must compare various available term insurance policies, their features, available riders, and claim settlement ratios online before buying a comprehensive insurance plan.

Will REITs make a comeback after COVID-19?

Investors in the IPOs of REITS have gained anywhere between 9-14 percent in total returns since the IPO listing. This is below expectations, but COVID-19 and the Work-From-Home practice it triggered spoiled the party. Now that COVID-19 is on the wane, will REITs rebound?

Higher tax deductions, more power to NPS: MF distributors’ wish list for Budget 2023

Given that some state governments have been clamouring for a return to the old pension system, some mutual fund distributors say it’s time to give higher tax deduction limits for the National Pension Scheme. Section 80C tax deductions should be linked to inflation, other distributors say.