Three steps home loan borrowers can take to reduce the interest rate hike burden

THE ECONOMIC TIMES Tue, Jun 19, 2018 | 06:30 AM IST ET Wealth Newsletter

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Three steps home loan borrowers can take to reduce the interest rate hike burden Find out the steps you should be taking to reduce the burden of a higher interest rate on your ongoing home loan. Why Bharat 22 ETF is not a good investment option Bharat 22 ETF is open for subscription between 19 June and 22 June where retail investors get a 2.5% discount. But don't rush to buy this fund. Here's why. Which ITR form applies to you for financial year 2017-18? The new forms incorporate the changes brought about in the Finance Act, 2017. This year forms have been notified well in advance, providing sufficient time for the taxpayers to collate information and keep it ready. Don't switch your home loan unless you save minimum 0.25% in interest: Raj Khosla, MyMoneyMantra.com "A home loan is a long-term commitment that can extend for 20-25 years. Rate fluctuations are a given during such a long tenure." Under the Flipkart hood What exactly did Walmart get when it bought Flipkart for USD16 billion, considered too high by a lot of pundits? We deconstruct the complex web of companies and investments under the Flipkart banner. Green finance shows green shoots With Yes Bank's announcement of new green retail products, the banking sector has taken tentative steps towards a potentially massive market. Does overuse of stents increase mortality risk? The jury is out. A four-year-long study suggests that overuse of stents increases mortality risk. Cardiologists disagree, challenging, among other things, the methodology of the research. From our Partners Now get your life covered upto 100 years with the new iTerm plan from Aegon Life From our Partners Start Investing in Mutual Funds with as low as INR 500 with ET Money! A complete investing solution for smarter generation; Invest in Mutual Funds, Manage Expenses & Buy Insurance online Is the worst 'finally' over for PSU bank stocks? Despite the huge losses, the stock market has not reacted negatively to the banking sector results. So is the worst finally over for the sector? Should you invest in closed-ended mutual funds via secondary market? Many of these schemes are trading at steep discounts to their NAV at present, providing a window of opportunity for investors. But should you rush out and buy? Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth -0.86 -1.81 9.95 15.41 Kotak Standard Multicap Fund Direct-Growth 1.62 0.45 9.43 15.38 Invesco India Growth Opportunities Fund Direct-Growth 1.52 4.39 19.12 15.04 Mirae Asset India Equity Fund Direct- Growth 2.25 -0.49 11.88 14.94 Kotak India EQ Contra Fund Direct-Growth 1.82 5.31 20.66 14.79 FeaturedDSP BlackRock Equity Opportunities Direct Plan-Growth ★★★★★ -0.42 -5.25 9.07 15.22 Start SIP It's the best time to buy a house for your own use: Renu S Karnad, HDFC Ltd The sector is in a sweet spot as thrust given to housing has been extremely beneficial not only for developers but also homebuyers and lenders. Why we find it so hard to sell our stocks and funds Selling is a tough decision, though conceptually it need not be so. There is a combination of fear, hope, regret, reconciliation and ownership at play.

Financial Calculators New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds. 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.

Investing in mutual funds? Avoid these two common mistakes Both these misconceptions are extremely widespread, and yet the mutual fund industry never appears to try and clear them up. PPF, NSC, other small saving schemes interest rates likely to increase Bond yields have been buoyant during the past three months, which means the rates of small saving schemes may be revised upwards. Ask these 12 questions to hire a competent financial advisor You must ask these 12 questions while selecting a financial advisor who is competent enough to help you in meeting your financial goals like retirement, child's education etc. Bharat 22 ETF is an opportunity to own jewels of India Inc: Nimesh Shah, ICICI Prudential AMC "Over the next three to five years, we believe this ETF is well poised to capture the market upside, as we are positive on the underlying sectors in the ETF." says ICICI Pru AMC's Nimesh Shah. Realty Hotspot Series: What makes New Town, Gurgaon an upcoming residential destination It is an upcoming commercial hub for several SMEs and start-ups and has good connectivity via NH-48 and upcoming Dwarka Expressway. Find and keep a mentor to boost your career: Here's how A great mentor not only gives you access to a wealth of knowledge, but often becomes a good friend or even a business associate. Over-diversification of portfolio could give you insignificant returns. Here's what you should do An over-diversified portfolio is a large portfolio of small, fragmented holdings. It means that the returns generated by the portfolio will be insignificant. An eco-friendly holiday can also be budget-friendly: Here's how For a long time, sustainable tourism has been inextricably linked with extravagant experiences or deemed as something that would require a compromise of personal comfort. But this is largely a misconception. 5 ways to become a great mentor at work Being a great mentor works only when you have genuine interest in your mentee. Choose your mentees well so that you happily invest time in the relationship. Reliance Focused Equity Fund: Has change in scheme's mandate made it riskier? This fund is a result of the merger of Reliance Mid & Small Cap with Reliance Focused Large Cap. It will retain the latter's focused approach—investing in up to 30 stocks—but with no particular market-cap bias. Stock pick of the week: Why analysts are bullish on Navkar Corp While small-cap counters continue to suffer, analysts are bullish on Navkar because of its growth prospects. What is grandfathering clause for equity mutual funds? Tax on long-term capital gains made from sale of equity mutual funds is applicable from April 1, 2018. However, gains made till 31 January 2018 have been grandfathered. NPS transaction statement: What you should check NPS statement mentions the subscriber's personal details such as name, address, contact details, name and address of the nodal office and other transaction details. Family finance: Early start to savings will help 24-year-old Shaw meet financial goals easily Though new goals will be added over the years, Shaw may not face much of a problem achieving these. Tax optimiser: Salaried Garg has no PF, so he must opt for NPS to cut tax outgo Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments. Banking is top online financial transaction: Survey 32% Respondents prefer credit cards, making it the most preferred payment option. Alternative investment returns monitor: For the week ending June 14, 2018 The scope and attractiveness of alternative investments is increasing. Here's a weekly tracker of returns from such investments.

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