- Under the proposed Direct Taxes Code (DTC), NPS will be covered under the Exempt-Exempt-Exempt (EEE) regime, wherein the investor will enjoy tax benefits when contributions are made, says Vineet Agarwal, director of KPMG.
Banking funds continue to outperform others as their average return in the past one year touched 25 per cent, even outshining gold ETFs. All the top sectors where the four Money Today model fund portfolios have their money fared well, thanks to the September quarter results of companies giving some direction to the market. HDFC TOP 200 has outperformed its category in the past five years. The performance of the economy continues to decline. Growth could take precedence over all other issues and it is inevitable to see a softening policy bias from the Reserve Bank of India, says Kotak Mutual Fund CEO Sandesh Kirkire. Mutual funds are churning portfolios after the economic reforms announced by the government in September and October. Since mutual funds manage huge money, it helps to know where they are investing, which shows their outlook on various sectors and stocks. As the year comes to a close, we look at the recent performance of some mutual fund schemes launched in the 1990s. While some of these funds continue to be high on the ratings chart, some have shown a fall in performance of late.
Defensive driving ensures that everyone on the road has a safe journey. Here is a list of a few simple, yet essential, defensive driving tips to ensure a stress-free trip.
The Reserve Bank of India's moves since the beginning of the calendar year signal a soft interest rate scenario, but actual rate cuts may be some time away. Inflation is still a concern. How does all this affect you as an investor? You can buy small quantities of the precious metals in physical format using this online trading platform for bullion. A look at recent rulings which can affect you. By March 2013, 10 government-owned infrastructure companies would issue Rs 53,500-crore worth of tax-free bonds. As interest earned from these bonds would not be taxed, investors would earn a better post-tax return than from bank fixed deposits. The income tax department has upgraded its e-filing website with a better look and more features. The Securities and Exchange Board of India had earlier this year allowed mutual funds to increase the expense ratio by 0.20 percentage point for all investors and another 0.30 percentage point for investors in specified small towns.
Anuj Gulati, MD and CEO, Religare Health Insurance, talks to Chandralekha Mukerji and Dipak Mondal about the group's foray into the sector and some proposed regulatory changes. Earlier, unit-linked insurance plans were being surrendered before maturity. After the change in rules, Ulips are not finding takers.
Money Today experts answer your personal finance queries -
Sam Abraham introduces new products to help you zero in on those that offer value for money - The buzz these days is all about Ultrabooks. But not everyone can afford to spend Rs 50,000 or more to buy one. Most first-time buyers would have a budget of under Rs 35,000. Here's a list of the best budget-buys:
Here are the prices of residential apartments at locations that witnessed maximum change in valuation during the past eight months in some major cities - Buying a property is tough. As if saving money for the goal isn't arduous enough, you have to rack your brain to decide what to buy - an apartment or a built-up house or a plot. When you invest in a built-up property to earn regular income, there is no need to worry about exiting. But when your aim is capital gain, timing the sale is the key to good returns. Here are some factors that you must look at to get the most out of your property investments.
Karnataka Bank is among the top gainers in the past six months with return of over 84 per cent.
Are you scouting for a loan to buy a house, a car or for your child's education? Given below are the best deals on offer from public and private sector lenders -
Your satisfaction with your work is far too important to be ignored. Motivation is the cornerstone of satisfaction and it is within reach and success is a common side effect of a motivated worker.
The entrepreneurial bug is catching a growing number of Indian professionals despite the absence of a very favourable start-up ecosystem in the country. Web is helping entrepreneurs refurbish existing business models and make a decent profit.
The Cabinet Committee on Economic Affairs on Thursday approved a urea investment policy that is likely to incentivise fertiliser firms to set up new plants and expand existing capacity. We take a look at a few fertiliser stocks that you can bet on. The government is planning to launch an exchange-traded fund, or ETF, comprising government-owned listed companies, to pare stakes in public sector undertakings. The stocks on which experts are positive include VA Tech Wabag, Bajaj Corp, IL&FS Transportation Networks, United Bank of India, Oberoi Realty, Man InfraConstruction, Hathway Cable & Datacom and MOIL.
There are ways to assess funds that have been in existence for just a few years. The fund's comparison with peers over one year can give a picture about its performance, though planners say one year is too short a period to judge a scheme.
Money Today readers give their feedback on the magazine's coverage of the personal finance sector -
Although more than three and a half years have passed since the National Pension System (NPS) was thrown open to all citizens in May 2009, it is still struggling to attract investors seeking to set aside money for old-age income security.