Beware of these loan tricks: An insider tells you how banks, NBFCs loan salesmen lie to you

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WEALTH NEWSLETTER Tue, Aug 18, 2020 | 07:50 AM IST

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Beware of these loan tricks: An insider tells you how banks, NBFCs loan salesmen lie to you Loan agents try to lure gullible customers with false claims and ludicrous promises. An insider reveals the truths behind the lies dished out by executives of banks and NBFCs. Time to focus on the short-term: 8-point guide on how to manage your money over the next 3 years These are times when we must increase our allocation to cash and to liquid sources of funds. We could proactively do it by getting rid of junk from our portfolio. The money lost there must have a chance to be recouped by investing elsewhere. Podcast: Buying an insurance policy? Don't fall prey to these misselling tactics Kapil Mehta of SecureNow talks about the various ways insurance is missold, the key watchouts, and what more those in charge can do to help protect the customer. Host: Tania Jaleel; Producer: Paramveer Singh Want to generate Rs 60K income a month? Here are the 5 best fixed income options for retirees With fixed deposit rates heading further south, retirees who depend on regular interest income are feeling the pain. ET Wealth lists the best investment options for one's retirement corpus. Also find out how to spread your investments to generate maximum income. From our Partners Do you know virus stays on clothes too, know what to do Extend your corona cautiousness with this machine From our Partners Know the Power of 1 big idea : Naveen Tewari, Founder and CEO, InMobi In conversation with Naveen Tewari, Founder and CEO of InMobi, on the power of one big idea, and how its impact can make you soar. Q1 results a pleasant surprise: Here are the sectors looking up, ones under stress While most were ready for a washout, several companies reported better than expected results. The impact of the pent up demand could be seen in some other sectors as well and this helped pull up the aggregate numbers. However, certain sectors continue to remain under stress. If you are investing for your future, there's little sense in buying gold: Here's why Over a long period of time, gold gave iffy returns. This is not surprising because, not to put too fine a point on it, gold is useless. Even though we call it a commodity, it has nothing in common with useful stuff like wheat or copper or oil. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 10.59 6.41 -7.74 2.33 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 9.20 14.68 -2.48 3.48 Invest Now Axis Bluechip Fund-Growth ★★★★★ 9.16 5.10 -8.32 2.24 Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 7.88 13.13 -3.20 3.38 HDFC Index Sensex Fund-Growth ★★★★★ 6.80 2.15 -6.96 2.87 FeaturedICICI Prudential Bluechip Fund Direct-Growth ★★★★★ 4.19 3.35 -5.45 3.97 Start SIP Lost your job? Or are you short on money? Here are 7 ways to earn while staying at home It is time to step out of your comfort zone and explore ways of earning money while working from home or under severe limitations. Begin by asking: what can you do? How? Where? And how much can you earn? MNC stocks' valuations remain high across the board: Are they still worthy long-term bets? While analysts repose confidence in the broader MNC pack, not all companies or sectors make the grade. The MNC basket is a diverse theme. Future growth looks uncertain in some sectors, but valuations remain high across the board in an uncertain environment.

FEATURED SLIDESHOWS

Can a financial planner help you in the current covid crisis? To invest or insure? A common financial planning dilemma for millennials Estate planning: Steps to probate a will 5 investment products you can choose for retirement planning More Slideshows

Financial Calculators Old or new tax slab regime? Use this calculator to find out 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. 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.

Checklist of things to do before you start investing The KYC step is mandatory to proceed with any financial investment. Identification documents such as PAN, Aadhaar, passport and address proof should be kept handy so that one can provide copies at the time of investing. Aditya Birla SL Equity Advantage mutual fund review: Modest but consistent performer Having morphed from a multicap offering to a large & mid cap fund post recateogrisation two years ago, the fund saw sweeping changes. The fund needs to find a way back to outperformance to be considered a solid pick in its new avatar. Stock pick of the week: Mahanagar Gas is set to report significant volume growth in coming yrs Mahanagar Gas will be a major beneficiary of the prevailing low natural gas prices and is expected to report significant volume growth in the coming years, besides it is trading at a reasonable valuation. Recovery is in sight for this stock. How your work will be impacted in next few years, how you can prepare for it After all, the near instant transition to working from home has not only altered the workplace, but also employee roles. Let us find out if the dismantling of work structure will give way to a permanent new arrangement, or companies will revert to the post-Covid set-up after the pandemic. How to save for your child's higher education In the absence of a dedicated college-saving fund in India, the conundrum faced by parents on the choice of instrument is how to balance risk and return in the instrument. Here's why investing in mutual funds through SIPs would be a good option. Realty hot spot series: Want premium home in NCR? Don't go further South than this South Delhi locality Greater Kailash, popularly known as GK, is a South Delhi neighbourhood. This area boasts expensive homes, sought-after retail outlets and eateries. It is well-connected to the rest of Delhi/NCR through the road and metro line networks. How gold, silver, platinum performed for the week ending August 13, 2020 Price volatility is usually much more in silver, the poor man's gold. So, the cut from the peak for the week ending August 13, 2020 was 20% and it ended up with a 10.1% cut. Here's how gold, platinum and crude oil fared for the same week. Jobs that will be in high demand in the next one-two years Due to novel coronavirus pandemic, how the businesses operate, big or small, is changing. Some existing jobs are likely to become redundant whereas new jobs and skills are likely to see demand. ET Wealth lists out 8 jobs that are likely to gain traction. Financial transactions such as hotel bills, life, health insurance proposed to come under tax lens In a tweet by mygov.in, which was subsequently removed, the govt has proposed to expand the list of reportable transactions to include domestic business class air travel or foreign travel, payment of property tax above Rs 20,000 per year, life insurance premium above Rs 50,000 and health insurance premium above Rs 20,000. What is a multi factor index? The weights of the stocks in index are based on these multi factor indices. NIFTY Alpha Low-Volatility 30, NIFTY Quality Low-Volatility 30, NIFTY Alpha Quality Low-Volatility 30 are some examples.

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