Page 2 - Your Money

Your money: Cash purchase of assets will affect depreciation claims

Businessmen and professionals will have to use the banking channel for payments over Rs 10,000

Post office schemes best option for safe, guaranteed returns

Debt funds better route for those looking at longer investment tenures

Your money: Don't rely on your group life cover alone

If you quit or change jobs in your 40s, buying an individual term plan will be expensive

Your money: Don't over-allocate to banking sector funds

Banking sector funds have given an average return of 54.40 per cent over the past one year, according to Value Research. After this run-up, investors should not over-allocate to these funds, expecting similar returns to be repeated in the near future.A large part of these returns can be attributed to the base effect. "Between January and February last year, the markets had corrected, which is why you are getting an average return of 54 per cent. If you change the base to January 1 of last year, the return will be lower," says Amit Premchandani, fund manager, UTI Banking Sector Fund. As the economy recovers from demonetisation and its growth rate improves in FY18, the banking sector, which is a proxy for the economy, is expected to benefit. "Typically, the banking sector grows at 1.5-2 times the nominal economic growth rate," says Shrey Loonker, fund manager, Reliance Nippon Asset Management. The past 12 months have witnessed a few developments, he says, which will be positive for the .

Your money: How to compare insurers' data

While claims ratio is an important number, look at complaints, other parameters before choosing a policy

Your Money: Maintain 8-12% allocation to gold

The price rally in gold, which started since the beginning of the year, may not sustain

Don't dive headlong into money-making schemes on the internet

If you do fall victim to fraud, file your complaint at RBI's Sachet web site

Your money: Diligent paperwork helps in claiming tax benefits

Any lapse in documentation by an employee will lead to sharp cuts in salary

Your money: Understand why a promoter is hiking stake

It may seem like a confidence call but before buying the stock, check if there are other reasons

Your Money: Pay tax in proportion to ownership

Unless clarity is maintained, couples who jointly own houses could get into conflict with the tax authorities

Your Money: Stick to your MF distributor

Shifting to a registered advisor may not necessarily ensure protection from mis-selling

Now FDs with 8% interest for senior citizens: Should you invest?

Exhaust the post office scheme limit before investing in this

Your Money: Opt for short-term debt funds as an alternative to FDs

These funds carry low risk & should be able to beat the returns from fixed deposits

Your Money: Customers on base rate should shift to MCLR

Though banks charge 0.5% of the outstanding amount, it makes sense to shift, given fall in rates

Your Money: Five new year financial resolutions

Don't just earn, be an aggressive saver as well

Your Money: Revision of returns can come under scrutiny

If you are making any drastic changes, make sure there is adequate documentation

Your Money: Opt for mid-caps in defensive sector

Large-cap companies in pharma and IT sectors are facing growth slowdown

Your Money: Diversify market and currency risk with US funds

Investors with adequate exposure to Indian equities should invest in US funds to avoid the risk of being exposed only to the Indian market

Another fixed income option for HNIs

In IndiGrid's infrastructure investment trust issue, collateral, projected cash flows look robust

Now you can do mobile banking without internet: How it works

USSD-based mobile banking works on feature phone but it's not secure, say experts