Think ULIPs can beat mutual funds after LTCG tax? Here's the winner

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THE ECONOMIC TIMES Tue, Feb 27, 2018 | 06:30 AM IST ET Wealth Newsletter

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Think ULIPs can beat mutual funds after LTCG tax? Here's the winner The LTCG tax on stocks and equity funds has restarted the fight between these two arch rivals. Find out how these instruments score on key parameters. Three legitimate ways to avoid the new LTCG tax After the initial despair, equity and MF investors are slowly understanding the implications of the proposed LTCG tax. Here are a few ways they can avoid the tax. Why ELSS are still better than Ulips despite LTCG tax The tax on LTCG will make tax-saving options such as the Public Provident Fund (PPF) and Ulips more tax-efficient than ELSS funds. A ULIP alone won't give you sufficient life insurance: Here's why Since Ulips can only offer a cover of ten times the premium, they would cost you your entire income for the life cover you need. From our Partners Government Bonds & Taxes: Investment Options to Cut Taxes Without High Risk As we approach the end of another financial year and gear up to pay our taxes, the interest in different tax saving instruments are on the rise. From our Partners Six smart things to know about bonus in insurance plans Not all life plans are eligible for bonus. Plans can either be participatory, thereby qualifying for bonus, or non-participatory, that do not qualify for bonus. Take this short test to find out if you should buy a ULIP Like mutual funds, Ulips also invest in the markets. Be prepared for the market risk that the investment will be exposed to. Should stock market investors avoid jewellery sector totally due to PNB fraud impact? While jewellery exporters will remain under pressure, big domestic players will see improved performance. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth -3.66 2.99 22.50 16.00 Mirae Asset India Opportunities Fund Direct- Growth -5.32 7.86 23.46 14.44 Kotak Select Focus Fund Direct-Growth -3.75 5.24 19.55 13.91 JM Multi Strategy Direct Plan-Growth -3.41 1.87 19.34 13.70 Mirae Asset India Opportunities Fund Regular- Growth -5.37 7.48 22.59 13.56 FeaturedDSPBR Dynamic Asset Allocation Fund Direct-Growth ★★★★★ -0.75 1.49 8.21 8.22 Start SIP Stock market downturn: Why investors need to reassess their risk profile When it comes to risk tolerance, often the same questions about investing and comfort levels can yield different answers under different market situations. Here's how you can check the financial health of your bank With one scam tumbling out after another, it's time to check the health of banks in your portfolio. Here's how to understand the critical indicators.

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

10 retirement planning principles that can get the most out of your accumulated corpus Identify and classify your assets and then determine how much you need to meet necessities. Let the rest grow for discretionary expenses. That way, retirement will not be stressful. View: Buying a home prevents you from achieving other goals To buy a house, you take a loan and commit yourself to paying EMI for the next 20-25 years. Here is where your ability to take risks goes down. 10 ways to convert your office boredom into professional growth Boredom is when your brain cells start complaining about lack of work. Give your brain a kick by getting curious about something around you. How to invest in a bear stock market? Prashant is worried about the performance of his equity investments and wonders if there is any point in putting more money into losing products. Saving for travel is a priority for millennials: Here's how they save and spend The Expedia Generational Study found that 61 percent of Gen Z would get part-time jobs to save money for this purpose. Stock pick of the week: Why analysts are bullish on Mahanagar Gas Revenue and net profit growth, more vehicles converting to CNG, plans to introduce mobile gas filling stations and adding PNG consumers, have all made Mahanagar Gas a top pick. Tax Optimizer: How salaried Sekhar can reduce tax by Rs 80,000 through HRA exemption Taxspanner estimates that tax can be reduced by over Rs 80,000 if he claims HRA exemption on rent paid to his father and avails the tax benefit on NPS. SBI Magnum Midcap Fund: Not among the best performers With a 10-year return of 10.64%, the fund has underperformed the category average (12.87%) but has managed to beat the index (9.93%). How EPFO plans to pass on equity gains to subscribers The interest rate decided by the central board of trustees will have to be vetted by the finance ministry, following which it would be notified. What can a mutual fund transaction slip be used for? A transaction slip is available at the distributor's office or the fund house's branch. It can be downloaded from the fund website. Family Finance: Why Tainwalas can achieve their goals despite erratic cashflows Amol Tainwala's goals include having an emergency corpus, loan repayment, saving for his child's education and wedding, and his early retirement. Quality IPOs will generate interest among investors: Rakesh Tarway, Reliance Securities Market sentiments are a little bearish due to factors like rise in global and domestic yields, the new LTCG tax and news of the PNB scam, says Tarway. What are penny stocks? A penny stock is a relatively low price stock which has a small market capitalisation. In India, stocks which trade under Rs 10 fall in this category. We hope that there will be no LTCG tax imposed on Ulips: Shyamsunder Bhat, Exide Life Insurance Policyholders can switch from one type of Ulip to another, which could become complicated if each switch has a tax implication, says Bhat. Alternative investment returns monitor: For the week ending 21 February, 2018 Here's a weekly tracker of returns from such investments. But don't compare these with returns from traditional investments.

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