Budget 2020: 20 tax-payer friendly ideas for the Finance Minister

THE ECONOMIC TIMES Tue, Dec 17, 2019 | 08:34 AM IST ET Wealth Newsletter

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Budget 2020: 20 tax-payer friendly ideas for the Finance Minister ET Wealth reached out to financial services cos and taxpayers on what they want to see in this budget. Are you investing enough in equity mutual funds? The data from Amfi shows SIP inflows touched record highs in November. However, there is a worrying trend emerging from the data. Investors are putting in less money in equity mutual funds than before and experts are concerned. Why you should be part of the mutual fund SIP revolution Don't let the months and even years fool you—it's the decades that matter, says Dhirendra Kumar. The challenges ahead for small-finance banks They have to double down on increasing their coverage, customer base, and CASA. KredX investors want their money back Investors say loans given via the bill-discounting platform are stuck. Who are the obscure owners of C1 India? C1 India, which manages most government tenders, is flourishing, but its promoters remain obscure. From our Partners Why should you invest in travel: 4 reasons to explore the world From planning the perfect long weekend staycations or vacations for Ganesh Chaturthi to organising a full-fledged holiday during Diwali, the opportunities are endless! From our Partners Webinar: Should you invest in equity mutual funds? Learn from investor educator Varun Malhotra As stocks show early signs of a rebound, should you opt for equity MFs? Investor-educator Varun Malhotra has all the answers you 8 credit card misconceptions versus the reality Credit cards offer free credit till the end of the 30-day billing cycle and the payment is due in about three weeks. Also, credit card debt is the costliest form of borrowing. When you withdraw cash using it, the interest charged is 2-3% a month. New life, health insurance products launched. Find out if they work for you Some life and health insurers have rolled out 'innovative' products in recent months. These latest offerings are in response to Irdai tweaking norms. Find out how they rate on the utility scale. Should you be ready to pay more for new features? Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 21.30 18.91 7.40 0.44 Invest Now Axis Bluechip Fund-Growth ★★★★★ 19.74 17.55 6.80 0.38 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 17.34 17.05 7.08 1.16 Invest Now Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 16.72 13.42 4.36 1.53 Start SIP JM Core 11 Direct Plan-Growth ★★★★★ 15.88 13.09 4.02 -0.69 FeaturedAditya Birla Sun Life Tax Relief 96 Direct-Growth ★★★★★ 14.02 6.02 4.41 2.51 Start SIP Money & Relationships: 5 financial steps parents need to take when a child turns 18 When your child turns 18, it is important to guide and help him/her in financial responsibilities. Here's how to apprise your child of his financial rights and the steps you need to take to ensure a smooth transition to adulthood. The right way to track how your investments are performing Start by evaluating if the sum estimated for the goal is appropriate. Due to inflation and other reasons, there may be changes to the cost of the goal and this may require a change in either the amount or the way the money is being invested.

FEATURED SLIDESHOWS

How your mutual fund investment is taxed Adult kid's emotional traps that can harm your financial planning Smart points about focused equity mutual funds How to deposit money online in your PPF account More Slideshows

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.

3 things ageing parents can do to stop being financially dependent on their kids Preparing to age is serious business. The travails of care giving are too many. Except for the minority that enjoys cordial relationships with the elderly, for most part, children and their parents struggle through the phase of difficult care giving. Jointly holding financial assets with your spouse? Here's all you need to know Though the financial asset is owned jointly, all payments-redemption proceeds, dividend, communication etc are made to the first holder. In the absence of a specific agreement, jointly owned assets are usually deemed to be owned equally. How Sensex, gold, 10-year G-sec performed during week ending December 12, 2019 Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. This will give investors an idea of how their investments performed over a long period. How to calculate your investment returns using this MS-Excel tool Geometric mean scores over arithmetic mean as it takes into account the effect of volatility. The GEOMEAN function helps you to calculate tedious geometric mean returns in a few clicks. Use right variant of average return for effective planning. 5 things you should know about healthcare discount cards The benefits of a healthcare discount card can be availed by an individual or by a family with a cap on number of members. Here's how the discount offered significantly reduces healthcare expense. Realty hot spot series: A residential and commercial hub in Mumbai's western suburbs Goregaon in Mumbai is a western suburb which boasts of good infrastructure and hosts well-known malls and offices. It is a well-developed residential-cum-commercial area comprising good physical and social infrastructure. Find out other highlights. My grandfather passed away without a Will. How will his properties be divided? Since your grandfather passed away before 2005, when the Hindu Succession Act was amended, the daughters will not have a right to ancestral properties. Family finance: Awasthis need to increase their investments to reach money goals Ghaziabad-based Awasthis will need to speed up their investments in synch with their goals. Their money goals include building an emergency corpus, taking a vacation, buying a house, saving for a child's education and wedding and their own retirement. Tax optimiser: NPS, health insurance cover can help Rathore cut tax You can optimise tax by rejigging your income and investments. In this taxpayer's case, there is scope for further tax reduction if he makes use of all the deductions available. For instance, he should invest in NPS on his own too. Stock pick of the week: Apollo Hospitals' healthy margins have analysts betting on it Apollo Hospitals has one of the best integrated business models in the healthcare space. A calibrated improvement in margins, return ratios on the back of effective utilisation of existing and new hospitals has made the company analysts' favourite.

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