Money Today Archive December 11, 2008 Issue
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Edition: December 11, 2008

Cover Story

Narayan Krishnamurthy

What should you do now?

There are opportunities that you can still tap. Here are some tips that will help you weather the current economic storm, says Narayan Krishnamurthy.
Mutual Fund
Sameer Bhardwaj
Mutual funds might have lost favour after the financial crisis but are still good bets due to the benefits they offer in terms of professional expertise, diversification, liquidity and tax breaks.
  • 'Invest in bond funds' Give importance to SLR—safety (credit), liquidity and returns—during the current uncertain times. Stick to your asset allocation through various market cycles, says Nandkumar Surti.
Tax

Service tax cannot be deducted from the income tax payable by an assessee. However, the cost of any service availed of for business is considered a deductible expense as ‘Income from business or profession’.

Technology
Brinda Vasudevan
With a pinch of prudence and a bit of research, you can find gadgets that will serve your needs even if they don’t score high on the savvy quotient. Here are some options that will help you save money while you sate your desire.
Stocks
11% is the return from Union Bank of India stock in the past three months. During the same period the Sensex lost 42%.
  • Bucking the downtrend As the markets fell in 2008, some stocks actually rose. Rakesh Rai and Sameer Bhardwaj list five factors that helped them beat the markets.
  • 10 value stocks to consider Value investors have traditionally looked at growth in earnings to pick stocks. But considering the slowdown and high interest rates, R. Sree Ram examines the debt levels, book values and cash flows of companies to fish out 10 winners.
  • India story is over, for now As the global financial turmoil spreads, the NAVs of both portfolios hit all-time lows, I weed out some more losers.
Insurance
The tax-efficient nature of life insurance makes it an ideal vehicle to save income tax.
Real Estate
Rakesh Rai
Given the downturn in the economy and the real estate sector, the realty companies are rushing to diversify in unrelated areas.
BASICS
The success of any financial plan depends on the investment strategy adopted and the performance of the investments. Here are eight basic computations that are used for making financial projections.
Portfolio Doctor
Dehradun-based Oberois are investing in the right asset class, but in the wrong instruments. They must align their choices with their goals and investment acumen.
Books
Namrata Dadwal
The book explains how principles propounded by classical economists have led to the crash in the global markets and recommends ways to control the situation. It also proposes a new theory to understand market behaviour, says Namrata Dadwal.
Query Corner
S. Vinayak wants to know which investments qualify for tax deduction under Section 80C. Here are the avenues he can avail of.
Insight
A snapshot of the rupee’s performance to help you take decisions on travel and overseas investments.
Editors Note
Alam Srinivas
There is an upside to this mayhem. Reality check has become the norm. Productivity and efficiency have become paramount as employers hope to extract more work from employees. Therefore, when the dust settles down, you may witness the emergence of a lean and mean India Inc.
Talk Back
Experts say that of all the features, intaglio printing of the RBI seal, Mahatma Gandhi's picture, the Ashoka emblem, etc, are the most crucial. For checking bundles of currency notes, it may be easier to scan them under an ultra-violet lamp.
Upfront
It is the age of customisation. Slowdown or not, you want everything tailored to your needs. Investment products have followed this lead for some time and to great investor response.
Now and Then
Car-owners will feel the pinch because tyres need to be replaced after every 50,000 km or so.
My Idea
Shruti Kohli
Mumbai-based Akshai Varde’s passion for bikes made him quit his job as a flight attendant. But the 28-year-old is flying high with Vardenchi, the Rs 2-crore bike customising company.

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