Dear readers, we had asked you to send in your personal finance queries to be answered by Basis founder and CEO Hena Mehta. Here's the first batch of responses.
Retirees have better options that offer liquidity, better returns and are more tax-efficient.
What investing can you do with just Rs 100? Well, you can become a crorepati, says Vatsal Ramaiya
"As an organisation committed to the rule of law, our operations in India have always conformed with our national regulations. The principles of transparency and accountability are at the heart of our work.".
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
Assets include Kalanithi Maran's shares worth Rs 139 cr in Sun Direct.
In an online chat with Rediff.com readers, personal finance expert Anil Rego answered queries about the new tax regime announced in the Union Budget.
Salil Dhawan explains why you must invest early in life.
The Reserve Bank of India's latest data indicate that spending per card is rising steadily - something that consumers should worry about
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual funds-related queries.
A bad Cibil credit score can limit your borrowing options; however there are few other options which you can explore for credit.
'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'
Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
ICICI Prudential has tied up with the healthcare service provider to enable investors in its ICICI Prudential Savings Fund use the money seamlessly for medical purpose.
Lock into these long-term bonds for higher interest rates and capital appreciation
For the wealthy, post-tax returns of debt funds would work out better
Tax rules that could land you in trouble
Proper planning is absolutely essential when you are thinking of redoing your home, says Rajiv Raj
One should base the decision on one's potential liability under the new tax rules.
While saving tax is important and certainly welcome, it's lot more important to ensure each instrument actually does the job it was originally meant to, says Manish Shah.
Rates on tax-free bonds are linked to government securities.
After taxpayers file returns, IT department checks them.
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
'The amount involved could as high as Rs 3,500 crore as there are a lot of depositors.' 'Yesterday, I met an investor who put in Rs 4 crore. That man doesn't have Rs 2,000 to spend on medicines.'
An emergency fund, as the name suggests, is one in which you have three months to six months' salary.
One category which stands out is fixed maturity plans due to its tax benefits, notes Prateek Mehta, CEO and company-co-founder, Upwardly.in.
Retirees must also try and purchase a senior citizens' policy, despite steep premiums.
Wondering if mutual fund investments can help you make you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The recent NSEL crisis has prompted even rich and diehard equity investors to shift to safer fixed income products.
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
New ITR form may be simpler, but some changes could stump you.
Narendra Modi is one of the least affluent ministers in the Union Cabinet.
You must remain invested in bank deposits, unless you are considering the idea of earning higher returns by moving to gilt or liquid funds, says Adhil Shetty, CEO, BankBazaar.com.
Salil Dhawan explains how as you progress in your career you can also grow your money at a phenomenal pace if you start investing early.
You need careful planning to accumulate a corpus for your children's dreams and goals
Few in India know that Elvis & Namrata won at the World Salsa Summit in Miami!
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record.'
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