25 ideas for Budget 2018 to make common man's personal finance less taxing

THE ECONOMIC TIMES Tue, Dec 26, 2017 | 06:05 AM IST ET Wealth Newsletter

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25 ideas for Budget 2018 to make common man's personal finance less taxing The Finance Minister and his team have started work on Budget 2018. Here are 25 suggestions that will make life easier for common taxpayers, investors and consumers. How will Gujarat results and coming elections impact stock market? Elections in big states, such as Karnataka, Rajasthan and Madhya Pradesh are likely to lead to heightened market volatility. Stocks that made the most money for you over last 5 years: Study Motilal Oswal's 22nd Annual Wealth Creation Study shows the market is witnessing changes in shape and structure. ET Wealth brings out the finer aspects of this transition. From our Partners Plan on time to maximise year-end savings New Year's Eve is around the corner and people have already started making their holiday plans. From our Partners From investment options to wedding loans, easy steps to plan your dream wedding Weddings are a grand affair in India and require a lot of planning. While we have all dreamed about having a fairytale like wedding in some point in our lives, we often forget or neglect the planning and preparation that it requires. Is your equity mutual fund scheme's index bias hiking your risk exposure? Portfolios of most equity mutual funds are heavily tilted towards banking and financial services firms. Thus here is why investors should take notice. How embracing digitisation can help you financially In order to take good care of your savings and investments, it is imperative that you opt for the electronic medium and save all your documents digitally. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 2.16 14.17 50.55 17.58 Mirae Asset India Opportunities Fund Direct- Growth 1.94 13.47 42.43 16.84 Kotak Select Focus Fund Direct-Growth 2.31 10.69 39.88 16.61 Invesco India Growth Fund Direct-Growth 2.86 15.80 45.12 16.51 JM Multi Strategy Direct Plan-Growth 2.97 10.30 44.81 16.39 FeaturedDSP BlackRock MIP Direct Plan-Growth ★★★★★ 0.95 5.68 12.49 9.78 Start SIP Measure return on investments against your own financial goal, not the market average Which race are you running? Or more precisely, what's the benchmark you should follow? The self-evident answer to that is something that aligns with your needs. Should companies ask women about their previous salaries? Here's what recruiters say A World Economic Forum report says women are paid a little over half as much as men in workplaces worldwide. ET Wealth asks experts take on this.

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

Buying a gadget? Look out for these in Jan 2018 Samsung announced two devices—A8 and A8+—last week. Both phones are focused on selfie lovers as they feature a dual front camera setup for bokeh effect. How financially secure are people? Find out An online survey conducted by ET Wealth earlier this month shows that three out of five respondents save more than 20% of their income. 5 things to know about selecting an equity broker ​Some brokers are one-stop shops and offer other investment products as well, whereas others provide just equity broking. Here's how home loan balance transfer works As per RBI norms, no foreclosure charges shall be levied on floating interest rate loan to individuals by the earlier housing finance institution. ICICI Prudential Value Discovery Fund: Stellar long-term track record With a 10-year return of 15.26%, the fund has delivered twice the category average return (7.84%) and 2.5-times the benchmark return (6.34%). How can one make a retirement corpus last? ​A small exposure to equity through mutual fund schemes such as monthly income plans, balanced funds or even large-cap funds will be suitable. When the earnings come through, it will be explosive: Raamdeo Agrawal, Motilal Oswal Financial Services "If good managements are installed in PSU banks, there is huge scope for high returns," says Raamdeo Agrawal Joint MD, Motilal Oswal Financial Services. MF portfolio doctor: Why Bala should switch from equity mutual funds to debt MFs The Portfolio Doctor will assess the health of the mutual funds held by individuals, examine their suitability and recommend corrective measures, if any. Fund charges will go down, ETFs will become popular: Kunal Kapoor, Morningstar Inc "I would be surprised if ability with which fund managers have been able to beat indices is sustained over long term," Kunal Kapoor CEO, Morningstar Inc. Family Finance: Krishnan need not buy more life insurance as he has sufficient assets Financial Planner Pankaaj Maalde suggests a plan for Mumbai-based Krishnan who works in the IT industry and lives with his wife and two kids. Stock pick of the week: Why analysts are betting on NALCO Strong jump in revenue and net profit, an overall turn around in the metals sector, low cost of production, among other things, have made Nalco anlaysts' top bet. Alternative investment returns monitor: For the week ending December 20, 2017 Here's a weekly tracker of returns from alternative investments. But don't compare these with traditional investments as the purpose of these is different.

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