4 steps to save enough for that much-needed vacation

THE ECONOMIC TIMES Tue, Nov 07, 2017 | 06:30 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA,#sukanya samriddhi yojana calculator,#tax filing,#income tax,#critical illness,#taking a personal loan,#tax saving

4 steps to save enough for that much-needed vacation Most Indians are not able to go on vacation for lack of money. Here's how to save enough to take that much-needed break. ​5 checkpoints before you sign a rent agreement Pore through the lease agreement before you take a house on rent to avoid unpleasant surprises about rental hikes, charges and other payments. ​One year of demonetisation: How it has impacted your money ET Wealth looks at how one of the biggest disruptions affected our financial lives as the demonetisation of Rs 500 and Rs 1,00 notes completes one year. From our Partners Safecity Founder & CEO- Elsa Marie D'Silva discusses women safety and why it's the need of the hour United Nations Women states that 1 in 3 women face some sort of sexual assault, at least once in their lives. From our Partners Get an extra edge in Data Analytics. Here's how. In a technology-driven world, information is flowing from all directions, defining that line is the real challenge for organisations. Don't let the down-selling salesman lure you away from mutual fund SIPs As long as the markets are doing well, investors believe whatever the mutual fund salesperson tells them, and lose in the process. How to ride the stock market roller-coaster Continued inflow of money, recapitalisation of banks, leap in ease of doing business ranking has made market his hit new highs. However, there is need for caution. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 5.16 15.98 31.71 17.03 Invesco India Growth Fund Direct-Growth 5.06 17.68 32.51 16.63 Mirae Asset India Opportunities Fund Regular- Growth 5.09 15.58 30.77 16.13 SBI Bluechip Direct Plan-Growth 4.57 11.92 22.31 15.24 Motilal Oswal MOSt Focused 25 Fund Direct-Growth 1.19 8.45 22.65 14.92 FeaturedDSP BlackRock Income Opportunities Direct Plan-Growth ★★★★★ 0.59 4.31 8.40 9.96 Start SIP Will new classification norms limit a mutual fund manager's freedom? Here are 4 expert views As per the new norms, Sebi has asked AMCs to include only one scheme in each fund category and restricted the investible universe of stocks for each. The best vacation spots for four different budgets Figure out how much you need to put away each month as a part of your savings to be able to take a dream vacation for two.

Financial Calculators 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. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

​9 reasons why you should take a vacation If you have relegated vacations down your list of priorities, it is time to recognise that it is as important as good food and exercise. How NRIs can avoid tax troubles The tax rules for NRIs are quite different from those that apply to resident citizens and are subject to very elaborate tax reporting. 7 instances when it is a bad idea to go on holiday As a leader, never take a vacation during a work crisis or else your team and superior will question your judgment, commitment and ability. How you can use LTA to go on a tax-free vacation Under LTA coverage one is allowed to claim exemption for self, spouse, two children, dependent parents and dependent siblings. Why it is not easy to remove corruption from Indian businesses Without slaying the corruption and sleaze inherent in Indian business today, we cannot hope for a clean financial system that aids all round growth. Make the most of your co-branded credit card While you can use the discounts on offer to save on your travels, watch out for the terms and conditions of co-branded cards. How to ensure the financial safety of your ageing parents A senior citizen's need to keep cash at home stems from the fear that they may not have sufficient funds in case of an emergency. How to unfreeze your bank account from a debit freeze In a circular issued in December 2016, RBI instructed all banks to disallow debit transactions in accounts where PAN or Form 60 had not been provided. Smart things to know about rebalancing your portfolio Regular rebalancing imposes discipline and reduces risk ensuring that portfolio is aligned to the financial goals. Sundaram Select Midcap Fund: A consistent outperformer The fund has a healthy long-term track record of outperformance beating the benchmark and category by a good margin, but has been underperforming in the past year. Stock pick of the week: Why analysts are bullish on Dr Reddy's Laboratories Fall in valuations, improving revenue and net profit, introduction of new products, among other things, has made Dr Reddy's analysts' favourite. Why are people buying health insurance online? In a Max Bupa health insurance survey, respondents said they like that the application process is easy and policies are issued instantly. Family Finance: Increasing equity investments will help Jains meet goals Jain brings in a monthly income of Rs 1.5 lakh and gets a rent of Rs 9,000 from one of the two houses he owns. Tax optimizer: Salaried Ghosh should use NPS, home loan to save more tax Ghosh can save nearly Rs 74,000 in tax if he avails of the NPS benefit offered by his company, invests in the pension scheme on his own and takes a home loan. Alternative investment returns monitor: For the week ending Nov 1, 2017 Here's a weekly tracker of returns from alternative investments. But don't compare these with traditional investments since purpose of these is vastly different.

More Newsletters

ET Mutual Fund A weekly round-up of the top news and views

Markets Watch Round up of stock, currency, bond, money and real estate market

Daily Newsletter Special stories that round up the major developments of the day

View All

Follow Us on ET:

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2017 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here