How to avoid tax saving traps set by unscrupulous wealth managers, bank officials

THE ECONOMIC TIMES Tue, Dec 04, 2018 | 06:32 AM IST ET Wealth Newsletter

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How to avoid tax saving traps set by unscrupulous wealth managers, bank officials An average investor neither has the time or the inclination to go into the finer details of the policy. Feeling poor may lead to riskier behaviour and bad investing decisions Relatively prosperous people often don't have any discretionary savings because they feel that only the rich can have savings and they are not rich. Shares of these 6 companies with increasing market share look promising These companies have strong buy recommendations and significant one-year stock price growth potential according to Bloomberg consensus estimates. HPCL defies ONGC Almost a year after being acquired, HPCL remains testy and disapproving of ONGC's control. Deconstructing Medlife's express-delivery adventure The young e-pharmacy wants to deliver drugs at your doorstep in two hours. It will call for a tricky overhaul of its inventory and fleet-management practices. Cumbersome rules stifle India's freelance exporters Managing paperwork and logistics on the one hand and dealing with forex fluctuations and technological shifts on the other, the small exporter can't afford to drop any ball. From our Partners Have a question on P2P? Ask our experts! Peer to peer (P2P) lending platform is a marketplace that connects individuals in need for credit with individuals and institutions willing to lend. From our Partners Is Life Insurance only for the rich? With lives becoming more competitive, lifestyle patterns are changing faster than ever. 5 ways husband and wife can take money decisions without fighting Little everyday decisions and significant life changing ones require joint effort. How can we make decisions about money somewhat less combative? Will fall in oil price help stock market investors? Investors should note that all sectors and stocks that stand to gain from the crude price crash don't automatically qualify for investments. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 3.85 -2.86 -1.55 15.94 JM Core 11 Fund-Growth 3.66 -3.38 -2.46 14.46 Axis Bluechip Fund Direct Plan-Growth 5.04 1.34 11.88 14.12 ICICI Prudential Bluechip Fund Institutional I-Growth 0.84 0.80 3.73 13.23 Reliance Large Cap Fund Direct-Growth 0.69 3.84 3.61 13.18 FeaturedDSP Savings Direct Plan-Growth ★★★★★ 0.80 4.18 7.24 6.77 Start SIP Are smart beta mutual funds better than large-cap MFs? Smart beta funds seeks to enhance returns from the base index by buying a larger proportion of stocks compared to their share in the underlying index. Should vehicle drivers or owners pay for third-party compensation in accidents? Insurers want vehicle owners or drivers to pay stiffer fines or buy additional third-party covers. Can making them pay a part of the compensation be a solution?

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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.

Amount of life insurance required varies across different life stages The insurance needs of an individual increase as he grows older and his assets and liabilities change. ET Wealth looks at how much insurance is needed at different ages. Realty Hotspot Series: Why these sectors in Noida are upcoming residential property micro markets There is a good mix of completed and under-construction projects in these areas. They are also close to major employment hubs. When should you shift investment corpus from equity to debt? It is important to see that the investments are tuned to needs as they change. In 2019, invest in a systematic manner and accumulate: Sankaran Naren, ICICI Prudential MF It is better for investors to go for accumulation using SIPs and STPs in 2019: Sankaran Naren ED and CIO, ICICI Prudential Mutual Fund How to obtain a succession certificate A person who does not leave a will on his death is said to have died intestate. A succession certificate is mandatory for claiming assets such as bank balance, etc. 4 new technology products wish list for 2019 ET Wealth rounds up a technology wish list for 2019 that we cannot wait to get our hands on. Stock pick of the week: Why analysts are bullish on Natco Pharma Strong quarterly performance, focus on moving to markets beyond US, 15-20% expected growth in the domestic formulations business and sharp price correction has made it top pick. SBI Magnum Taxgain Scheme: Patchy long-term track record We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. Tax Optimiser: How Wahi can cut tax by Rs 94,000 via education loan, NPS Wahi can reduce her tax by over Rs 94,000 if her organisation offers her the NPS benefit and few allowances are replaced with tax-free perks. Family Finance: Why Virmani needs to restructure insurance portfolio Preeti Virmani wants to save for her higher education and retirement. Her other goals include building an emergency corpus, buying a car and taking a vacation. How crowdfunding works Crowdfunding is collecting small sums of money from multiple people for a specific project, business venture or social cause. Alternative investment returns monitor: For the week ending Nov 28, 2018 Here's a weekly tracker of returns from Alternative investments but don't compare these with returns from traditional investments.

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