Money Today Archive February 2011 Issue

Edition: February 2011

Cover Story

Sarbajeet K. Sen/ Chandralekha Mukerji

Handle with care

If you want to ensure that your children's future is secure, opt for insurance plans that are specially designed to fulfill this need.
  • Taking the fund route Mutual fund houses are wooing parents with niche offerings that promise to help them build a corpus for their children.
  • Road map to a secure future A good financial plan should include an insurance cover to safeguard your children's future, says Rohit Bhuta, CEO, Religare Macquarie Wealth Management.
  • Lessons on credit Ensure your child can fulfill his ambitions, even if you don't have adequate funds, by availing of an education loan.
Mutual Fund
Dipak Mondal/Money Today
Rajiv Bajaj, Vice-chairman and managing director, Bajaj Capital, talks to Dipak Mondal on why retail investors shy away from investing in mutual funds.
  • Reasonable Growth Systematic investment in better performing sectors has helped the MONEY TODAY-Value Research Lifestage Portfolios perform well despite the prevailing instability in the market.
Tax
Pritam P. Hans/Namrata Dadwal
Ways to cut down your tax burden
Here is a compendium of the financial avenues and instruments that can help reduce the amount of tax you pay.
  • Taxpayers' Wishlist for Budget 2011 Budget 2011 will have to ensure that the middle and lower income groups are not deprived of cash flow, which is currently inadequate to cope with inflation.
  • Be bullish on saving tax Equity-linked savings schemes are one of the best tax-saving instruments as these have delivered the highest returns compared with other options.
  • Infra bonds help save tax Infrastructure bonds are the latest investment option for saving tax, but these may not be a good choice for all investors.
Insight
Money Today
Tax-saving equity funds have given an average return of 14.15 per cent over the past five years, making them the best savings option under Section 80C.
  • Best performing stocks Metal companies have done well in the past five years, with four among the top 10.
  • IPO juggernaut rolls on The public issue market, still relishing the gains from the Coal India IPO, remains upbeat with about 100 issues expected in 2011.
  • Core Performer DSP BlackRock Top 100 Equity has outperformed its benchmark index in five of the past six years.
Editors Note
Sarbajeet K. Sen
The Indian economy's relentless thrust to move up the global pecking order is throwing up new and exciting career opportunities.
Commodities
Rahul Oberoi/Money Today
If you are worried about the performance of your equity portfolio, you can divert some of your investment to the agri-commodities market, which experts believe, could give handsome returns during 2011.
  • The future of things The Indian commodity futures landscape has been evolving and the national commodity exchanges have made a big headway since their inception, with volumes surging with every passing year.
Talk Back
Is it possible to link multiple bank accounts to a single mobile number or single account to multiple mobile numbers for transactions using the Inter-bank Mobile Payment Service?
Smart Spending
Sam Abraham
Despite the initial flurry of activity, third generation bandwidth services are taking their time to launch. Here are some data plans to get you started.
  • Cash in on your car Selling a car yourself may take effort and time but it will be worth the price you get.
  • The Hot & the not so Happening Sam Abraham introduces new products and services to help you zero in on those that offer value for money.
Last Word
Money Today
Is it time for a know-your-banker (KYB) norm? Perhaps it is, given the recent scam, wherein the relationship manager of a premier foreign bank duped his high net worth clients.
Perspective
Tanvi Varma/Money Today
Unrelenting inflation also brings with it a measure of respite-the Reserve Bank of India hikes the key policy rates, which leads to banks raising the interest rates on fixed deposits (FDs)
  • More on Loan The Reserve Bank of India (RBI) has allowed banks to sanction up to 90% of the value of a property for loans up to Rs 20 lakh. This will enable homebuyers to get more funding to buy property.
  • Secure transaction Following a mandate by the Reserve Bank of India, banks have added an extra security layer to phone banking transactions.
  • Housing Concerns Majority of homebuyers expect property prices to correct by up to 20% this year, according to a survey by Makaan.com.
  • Talk more, pay zilch Launched by a social marketing start-up firm, Aryan Global Networks, this is a unique free calling facility for both prepaid and postpaid mobile phone users and is accessible from all major mobile service networks.
  • Sharia Index The BSE and Mumbai-based Taqwaa Advisory and Shariah Investment Solutions (Tasis) has launched India's first equity index of companies that comply with Sharia, the Islamic law.
  • Regulator Watch A look at the recent rulings that can affect you:

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