25 suggestions from experts on how Budget 2017 can improve, simplify your personal finances

THE ECONOMIC TIMES Tue, Dec 20, 2016 | 06:51 AM IST ET Wealth Newsletter

WHAT'S HOT #taking a personal loan,#tax saving,#the how to of investing,#the how to of taxation

25 suggestions from experts on how Budget 2017 can improve, simplify your personal finances As work begins on drafting the Finance Bill 2017, here are some suggestions from experts that are worth including in the draft. Vacationing abroad? Indian currency can buy more than it did last year at these destinations For those planning to go on a holiday abroad, here's a ready reckoner of destinations where the rupee has gained in value over the past 12 months. Experts' suggestions on how Budget 2017 can cut your direct tax burden Here are suggestions from some experts on how the coming budget can help reduce the direct tax burden on the common man and also make tax compliance easier. From our Partners India Copper Forum is back. Here's everything you should know. After a successful show in 2015, International Copper Association India (ICA India) is proud to host the 2nd edition of India Copper Forum in association with Hindalco Industries Ltd and Vedanta Ltd. What Budget 2017 can do to facilitate investment, trading in equity, mutual funds: Experts Here are suggestions from some experts for FM Jaitley on how the coming budget can resolve tax-related problems in equity markets. How Budget 2017 can help promote retirement savings: Experts Here are suggestions from some experts for Finance Minister Arun Jaitley and his team on how the coming budget can help promote retirement savings. What Budget 2017 can do to enable people to make full use of insurance Here are some ideas from experts on what changes in the budget could make it easier for the common man to buy and use insurance fully. Experts' recommendations on how Budget 2017 can help homebuyers, make buying jewellery easier Here are some ideas from experts on what changes in the budget could boost real estate market and jewellery trade. From our Partners Now start investing in mutual funds within 2 mins on mobile with ET MONEY Switch to smart investing with India's only mobile app that helps you pick the best funds and instantly invest.

Financial Calculators Tax Impact Calculator This tax calculator will let you know how your tax liability changes post-Budget 2016. Just input your personal income details and know how much tax would now be payable. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

Can a focused portfolio mutual fund earn better returns than a diversified MF? Diversified equity funds typically come with lower volatility and higher consistency in performance over the long run. What you need to check about your co-operative bank in the wake of demonetisation Even as things are on the mend, the problems— situational and institutional—are still there. Should the customers of cooperative banks be worried? How using LED lights can help you save money Although the upfront cost of LED lights is slightly higher, their energy efficiency and durability compensate for it. Indians invested maximum in debt in 2016: Karvy Wealth report Indians prefer physical assets, which grew by nearly 10%, this year while growth of financial assets fell to 7%, reveals the Karvy Wealth Report. Correct asset allocation is key to good investing If we distribute our wealth across different kinds of assets, the risks associated with each of them would then be minimised. Continued strong growth, improving cash flows make Techno Electric stock analysts' top pick The company's strong growth is likely to continue. Most analysts expect the company to continue with its strong growth momentum for the next 3-4 years. My saving idea: Pay utility bills with credit card points Find out which bills you can pay with your points, and time it so that your point redemption cycle coincides with your bill payment, then bank the savings. IT-consultant Nayar can cut tax outgo by investing more in NPS, getting pay restructured Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax. Invesco India Tax Plan: Among the top tax-saving mutual funds With a 7-year return of 13.9%, the fund has substantially outperformed the category (10.9%), and delivered twice as much as the benchmark (7%). Incremental money will move more towards financial assets: Suresh Soni, DHFL Pramerica MF Though earnings growth will be slow, certain segments like consumer staples will bounce back fairly quickly post-demonetisation, says Suresh Soni, CEO, DHFL Pramerica MF. How much money do you need to meet your retirement needs? There are no easy answers, nor is there a one-size-fits-all approach. It depends on the lifestyle you want in retirement or the lifestyle that you have today. 5 smart things to know about Aadhaar-enabled payment system AEPS is aimed at empowering the marginalised and excluded segments to conduct financial transactions through micro ATMs deployed by banks in villages. How to get a CAN online to invest in MFs The investor has to provide primary holder details such as name, date of birth, PAN, Aadhaar number, contact details and additional KYC details. Family Finances: Mahadevabhatts will have to defer other financial goals to be able to buy house Their goals include saving for contingencies, a house, their future child's education and wedding, retirement, car and vacation. Startup Parentune's online community helpline tries to solve parents' problems Currently, the startup has two million registered parents and three million monthly visitors. Its revenue: Rs 45 lakh in 2015-16. Indians among most vacation deprived India ranks fifth among the most vacation-deprived countries, after Spain, UAE, Malaysia and South Korea. Alternative investment returns monitor: For week ending December 14, 2016 Here's a weekly tracker of returns from Alternative investment avenues such as: Diamonds, Precious Metals, Wines and Coins.

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