- Equities can be one of the most profitable investments provided one buys the right stocks and stays invested for a long period to ride out market ups and downs. Money Today lists out the best picks among the 50 stocks in BSE-200 that have more than doubled since 2008.
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Money Today experts answer your personal finance queries -
If you are looking to buy a traditional endowment policy, it's best to wait till next year. Not only will you get a better product, you will also pay less commission to your insurance agent. Traditional endowment policies are set to get cheaper and better.
There is bad news for those who forge rent receipts to get tax exemption on housing rent allowance (HRA). In its second quarter monetary policy released October 29, the Reserve Bank of India reduced the marginal standing facility, or MSF, rate, at which it lends emergency funds to banks, by an identical margin. This rate cut is putting downward pressure on short-term rates. A look at recent rulings which can affect you The Reserve Bank of India (RBI) has given its nod to a pilot project to check the technical and operational feasibility of allowing cash pay-outs from prepaid payment instruments such as mobile money of non-banking entities. The Employee Provident Fund Organisation (EPFO) has temporarily discontinued the option it gives for making higher contribution towards the Employee Pension Scheme (EPS) than the prescribed limit as 'the pension fund is running at an overall deficit', according to an EPFO note.
Nitin Jain, CEO, Retail Capital Markets, Edelweiss Financial Services, talks to Money Today about the current stock market scenario and the sectors investors can consider. When compared with an individual's income tax obligations, awareness of wealth tax is minimal. Broadly, wealth tax is determined by your nationality, residential status and location of the asset. Kotak Mutual Fund CEO Sandesh Kirkire says improved agriculture output and the onsetting lag of reduced crude oil prices may help bring down inflation in coming months. This should pave way for monetary easing and may provide equities and debt market a sizeable sentiment shift going ahead.
HDFC Mid-Cap Opportunities has a five-year annualised return of 25.74 per cent, compared with the category's 20.84 per cent.
Gold and silver prices have been cooling off of late. Market analysts say the upcoming wedding season and supply crunch due to import curbs could support these precious metals till March 2014. These are still good investments for the medium term.
How to calculate your income tax Have you been served a notice by the income tax department of late? If yes, there is no need to get flustered, say experts. A notice does not necessarily mean you have committed a crime. Even a minor error in tax return can invite a notice from the tax department.
Paper companies are not in the pink of health. Their shares, too, have been under huge pressure of late. Experts say the sector is expected to remain subdued over the next two years. Stocks of banks, both private and public, have been facing a lot of pressure recently, with public sector banks worse off than the private sector ones. While experts seem to be bullish on the sector over the long run, short-term worries remain. Mindtree is among the top gainers in the past six months with return of over 62 per cent.
Are you scouting for a loan to buy a house, a car or for your child's education? Given here are the best deals on offer from public and private sector lenders.
When you plan to buy a house, the most important decision you have to take is whether to go for a ready-to-move or an under-construction one. We take a look at the taxation aspect of the key purchase of your life.
Sujata Sudarshan, CEO, Overseas Indian Facilitation Centre says NRIs can invest in equity either through the primary or the secondary market. You can invest in the primary market through IPOs, FPO, and the secondary market through a Portfolio Investment Scheme.
Balanced funds have been the best performing among all categories with a one-year return of 5.66 per cent and a two-year return of 8.19 per cent.
It's that time of the year again when people start planning their taxes. Most delay this till the last moment and then invest without giving serious thought to the tax-saving instruments at hand. We bring you all the options you can avail of to reduce the tax burden.
The BSE Sensex touched a new high of 20,850 on November 18 2013, just as it did nearly six years ago on January 8 2008. However, huge changes have taken place beneath the surface during the intervening period, writes Money Today Executive Editor Sarbajeet K Sen.
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