Page 3 - Personal Finance

Rebalancing equity portfolio more frequently reduces risk, but raises costs

Adopt an approach that you understand and can adhere to in the long run

Begin planning for your child's foreign education this Children's Day

Given the massive cost involved, make an early start, even if you have to do so with only vague estimates of the outlay

Nomination provisions require an overhaul

Nomination rules can be justified as being products of their times, but there is no excuse for not revising them to reflect new realities

Fix these errors in Form 26AS before filing your Income Tax returns

Taking excess tax credit while filing your returns could lead to a notice from the income-tax department, say experts.

Don't invest just to save tax but to get closer to your financial goals too

Choose an equity, debt or hybrid instrument depending on investment horizon and asset allocation

Bank's vengeful conduct can invite punishment

The award of compensation is governed by Sec 73 of the Indian Contract Act, which says a party who suffers due to breach of contract is entitled to compensation for the natural loss

Amitabh Bachchan's NFT collections reach Rs 3.8 cr on Day 1 of auction

Amitabh Bachchan's NFT collections of 'Madhushala', autographed posters and collectibles, have received bids worth about Rs 3.8 crore on the first day of auction being organised by Beyondlife.Club.

Government approves 8.5% interest rate on EPF for fiscal year 2021

Just ahead of Diwali, this is a good news for over 50 million subscribers of the Employees Provident Fund Organisation

Pandemic dents confidence of affluent Indians in their finances: Survey

Most affluent individuals in India have reset their life goals following the pandemic: Survey

Don't delay retirement planning; estimate corpus as first step: Experts

Use a mix of equity funds, PPF, EPF and NPS; review and correct course periodically

Use the current phase of correction to build your allocation to gold

It can act as hedge against high inflation or slowdown

Investing in cryptos? Divide holdings between hot and cold wallets

Keep the cryptos required for trading in the former and the balance in the latter

With yields hardening, its best to opt for shorter-duration funds

Shorter-maturity bonds in these funds get reinvested at higher coupon rates

Choose a fuel co-branded card that offers wide coverage, great rewards

Since these cards have high interest charges, avoid using them when you wish to revolve credit

Choosing the right financial planner is a wise investment, say experts

Discussing scope of work will enable the registered investment advisor to decide the right fee

Compare premium rates to get a policy that best suits your pocket

To combat tighter underwriting standards, consult a distributor that could point you towards an insurer that covers people with your profile

'AA'-rated NCDs: Risky to focus just on returns, say analysts

Limit exposure to 5-15% of debt portfolio, avoid investing for very long tenures

Things to keep in mind while filing your income tax return this year

Ensure you file your returns ahead of time, in case you need to make changes

Bonds beckon as equity holdings get risky after rally, say experts

With interest rates expected to rise, it may be prudent to avoid long-term options, say experts

Attractive though they are, scrutinise costs before you invest in Ulips

After the recent run up in equity markets, it would be prudent to opt for a mix of equity and debt funds