4 critical steps to save more and grow your wealth

THE ECONOMIC TIMES Tue, Oct 24, 2017 | 06:30 AM IST ET Wealth Newsletter

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4 critical steps to save more and grow your wealth To build wealth, investors need to heed a number of nudges, though the desired outcome will lie in their ability to walk that final mile. A must know for all debt mutual fund investors: The 16 new fund categories Debt fund categories have mostly been defined based on the maturity and type of instruments they invest in. Risk profile of the categories vary accordingly. Why arbitrage mutual funds score over debt funds While equity funds may appear risky at this juncture, arbitrage funds, a category of equity funds stand out as relatively free of risk. From our Partners Executive Programme for that extra edge in Data Analytics In a technology-driven world, information is flowing from all directions, defining that line is the real challenge for organisations. From our Partners Watch the movie you like; Become a Lakhpati as well For easy solution to the tiresome metropolitan life, Malls and Cinema halls provide a good leisure to the time starved working couples. Psychologically, these weekend getaways uplift the mood, but financially they burn a hole in the pockets. This week we are talking about movies, how we can enjoy the Movie and become a Lakhpati too. Why active large-cap mutual funds are losing their edge over passive funds Amid rising AUMs and high expense ratios of active large-cap funds, their outperformance vis-a-vis passive funds has fallen. 10 biases that make you spend more and how to avoid them Find out how cognitive biases can fool you into overspending while shopping and the steps you can take to avoid these. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth -0.22 15.64 24.22 18.30 Invesco India Growth Fund Direct-Growth 0.88 17.26 25.31 18.08 Motilal Oswal MOSt Focused 25 Fund Direct-Growth -1.89 9.71 21.55 17.79 Mirae Asset India Opportunities Fund Regular- Growth -0.28 15.24 23.33 17.38 SBI Bluechip Direct Plan-Growth -0.76 11.15 15.62 16.99 FeaturedDSP BlackRock Small and Mid Cap Direct Plan-Growth ★★★★★ 1.68 10.34 21.39 23.62 Start SIP Should you invest in Motilal Oswal's digital gold scheme? The scheme allows investors to buy gold in denomination as low as Rs 500 and in Re 1 multiples thereof on the mobile app and web platform. Eliminate these seven "evils" while building an equity portfolio What returns you receive in a given year are difficult to control, but long-term returns will be driven on your ability to eliminate as many risks as possible.

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. 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

7 steps to succeed in the job you have been promoted to This is the time to learn a whole bunch of new things and work with a new set of people with different priorities. Read on for the rules for success after a promotion. How Nobel-winner's idea of 'nudging' can be used to make the right personal finance choices Nobel laureate Richard Thaler's idea of a 'nudge' can be used to improve the choices people make in personal finance. Or can it? The possibility of an earnings revival in this fiscal is remote: Ajay Tyagi, UTI AMC "Earnings in 2017-18 will be weak on account of a combination of factors," Ajay Tyagi Executive Vice-President, Equity, UTI AMC How new breed of entrepreneurs are running businesses successfully without bank loans As the festival season begins, small entrepreneurs emerge to help make your celebrations special, while making money for themselves in the process. Why operating profits of a company can mislead you while investing Investors should not get carried away with a company's numbers based on its EBITDA, or operating profit alone. Here is why. When do you need a financial adviser? Pratap represents a large segment of well-paid professionals who are unable to manage their money. Paperwork and time are the biggest challenges. Steps in buying an online term insurance policy One can buy an online term policy either by visiting the insurance company's website or through a life insurance aggregator website. Average income of expats in India among highest globally: HSBC Expat Explorer survey According to a HSBC Expat Explorer report, $1,76,408 is the average gross personal income of an expat in India annually. What is money weighted rate of return? Money weighted rate of return helps to assess personal portfolio performance relative to your individual financial plans and projections. Family Finance: Delhi-based Sapras need to increase equity investment to meet goals The Sapra's goals include saving for emergencies, future child's education and wedding, retirement and vacation. The challenges thrown up post-GST are transient: Manish Kumar, ICICI Prudential Life Insurance "Various factors determine market levels. Institutional flows, quantum of issuances, valuations and earnings play a part," says ICICI Pru Life's Manish Kumar. BNP Paribas Dividend Yield Fund: A worthy multi-cap mutual fund pick The fund's preference is for businesses showing superior and sustainable earnings growth and is a worthy pick in the multi-cap space. Tax optimizer: Salaried Joshi should opt for NPS, tax-free perks to save on tax Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax. Stock pick of the week: Why Apollo Tyres is ready for a re-rating General upswing in the industry, increase in Apollo's radial capacity and two upcoming plants are some of the reasons analysts are flocking to this counter. How startup 48East is bringing Asian delicacies straight to your home Nabhojit Ghosh and Joseph Cherian, Founders, 48East, a Bengaluru-based food startup, started operations in August 2016. Alternative investment returns monitor: For the week ending October 17, 2017 Here's a weekly tracker of returns from alternative investments. Don't compare these with traditional investments as purpose of these is vastly different.

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