Money Today Archive October 2012 Issue

Edition: October 2012

Cover Story

Dipak Mondal & Chandralekha Mukerji

Plugging Tax Leaks

How to protect retirement funds from tax erosion

Retirement is not the end of the tax troubles of your 'active earning' days. You may still have to pay tax if you do not invest your money in the right products. Take a look at the various investment options suited for retirement savings.
  • Reverse-mortgage loans still to pick pace If you do not have enough money for your post-retirement life, one option before you is mortgaging the house. It generates more money than rent and is tax-efficient. However, the fact remains is that it is frowned upon by most as there is an emotional attachment to the house.
  • Retirement: Tips to manage health costs You know that healthcare costs rise as you age. It is, therefore, important to build a separate portfolio for medical expenses so that they do not eat into your retirement savings.
  • 'India's pension system is biased' Brigitte Miksa, Head of International Pensions, Allianz Asset Management AG, talks to Sowmya Kamath about long-term financial security in India and what needs to improve.
  • Ensuring money flow during retirement yrs One of the ways to get it is to invest your retirement funds with annuity providers who make monthly payments for a pre-defined number of years, says Rajnish Kumar, CEO of Fullerton Securities & Wealth Advisors.
Mutual Fund
Morgan Stanley A.C.E has outperformed its benchmark thrice since 2009.
  • Reforms to bring equity MF investors cheer The late surge in the stock market on the reform push euphoria is likely to bring some cheer for equity mutual fund investors.
  • Multi-asset funds help tide over uncertainty In the current uncertain market, it makes sense to go for funds that invest in different asset classes. Multi-asset funds, which invest in debt, equity and gold in varying proportions, can be a great help to long-term investors.
Technology
Pritam P Hans
Topping the Charts
With more customers taking to the Internet to shop, it's become imperative to master search rankings. Here's how you do it.
Stocks
Rahul Oberoi/Money Today
The Euro Link
Companies with large business interests in Europe may continue to face pressure. Should the situation improve if leaders of the Eurozone reach an agreement on bailing out the stressed countries, the investors may gain.
Travel
Expressway Essentials
To meet the need for faster and quicker inter-city travel, expressways are coming up in various parts of the country. We tell you how to ensure a safe expressway journey.
Query Corner
Query Corner
Money Today experts answer your personal finance queries.
Editors Note
You carry your tax liabilities even during your retirement years. Hence the need to be doubly cautious about retaining the maximum from your retirement kitty by ensuring that your tax liability is kept to the minimum.
Talk Back
Money Today readers give their feedback on the magazine's coverage -
Smart Spending
Nidhi Singal
Yours for 10K
Of the 50-odd smartphones of various hues and sizes priced under Rs 10,000, here's a list of the best for you to choose from.
Markets
Fuelling Growth to Take Precedence
To regain the growth trajectory, a general consensus for action between social, business and political classes is necessary. In absence of same, the business environment may remain susceptible to event-led volatility.
  • Stocks that could bring festive season cheer

    The last few months of the year typically bring good tidings for consumption-driven companies as a rise in demand due to festivals boosts their bottom lines.

  • Festive season: Commodities in demand good bet High demand during the festive period generally leads to firming of prices of many agricultural products and precious metals. The market will be bullish on most commodities such as gold, silver, refined soya oil, wheat and gur due to festive demand.
Perspective
Hazy View Through The Reforms Door
Experts said the new reforms rush was positive but the key worry was whether the plans would be implemented. Rising commodity costs and inflation would also continue to loom large over the country's growth prospects, they said.
  • SX-40: A free float-based index The country's third national stock exchange, the MCXSX, has announced the launch of its flagship index, SX-40.
  • Keeping money in FDs losing charm? Keeping your money locked in bank fixed deposits has become less attractive as several banks, including State Bank of India (SBI) and ICICI Bank, have reduced interest rates by 50-100 basis points.
  • GAAR deferral: How investors gain Parthasarathy Shome Committee has recommended deferment of General Anti Avoidance Rules (GAAR) for three years. GAAR will be applicable from assessment year 2017-2018.
  • New debentures on the block Several non-banking financial companies have come out with non-convertible debentures (NCDs) offering up to 12.25 per cent pre-tax return.
  • Regulator Watch A look at recent rulings which can affect you.

December 2012

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