10 smart financial moves to make in 2018

THE ECONOMIC TIMES Tue, Jan 02, 2018 | 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

10 smart financial moves to make in 2018 These measures can improve your finances and make you richer in the New Year. How to make more money at your job Unless you have inherited millions, staying in a job, maximising your income, saving and investing is the most reliable formula to create wealth. What decides the duration of your holiday? Find out One in two Indians decide the length of a trip on the basis of workload that they have to face on return, finds an Expedia survey. From our Partners Plan on time to maximise year-end savings New Year's Eve is around the corner and people have already started making their holiday plans. From our Partners From investment options to wedding loans, easy steps to plan your dream wedding Weddings are a grand affair in India and require a lot of planning. While we have all dreamed about having a fairytale like wedding in some point in our lives, we often forget or neglect the planning and preparation that it requires. Why average return from investments is what you should expect and be happy with We look down upon the average as it connotes something ordinary or less than desirable in our minds. The lure of beating the average is hard to resist. PSU insurers withdraw no-claim bonus benefit on health insurance: Should you port your policy? Rising premiums hits policyholders harder as some insurance providers withdraw NCB benefits and family bonus. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 3.10 15.34 43.12 17.08 Mirae Asset India Opportunities Fund Direct- Growth 3.86 14.03 38.14 16.42 Invesco India Growth Fund Direct-Growth 3.56 17.20 40.71 16.20 Kotak Select Focus Fund Direct-Growth 3.05 11.08 34.92 15.86 JM Multi Strategy Direct Plan-Growth 4.00 10.59 39.59 15.73 FeaturedDSP BlackRock Short Term Direct Plan-Growth ★★★★★ -0.01 2.75 6.70 8.46 Start SIP Here's a test of the health of your finances and what you can do to improve it With careful planning, you won't need to compromise on a comfortable lifestyle to meet all your life goals. Here's how this can be done. Here's a calendar to help you plan your financial moves in 2018 Use this calendar to make sure that your finances remain on track and you invest wisely all year long.

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

5 ways to save money at work Reduce costs by staying closer to office, if possible, and try a ride share option to get to work. A good financial plan should not need yearly adjustment: View Looking back it is clear that over a long range, the kind of events that really make a difference are not predictable. 5 financial resolutions to help you save more and spend wisely in 2018 Some of the richest people in the world, be it Bill Gates or Azim Premji, became so because of their frugal habits, not their spending prowess. How much money is enough for your retirement? Start by listing down all your current expenses and figure out which ones are likely to continue in retirement. Family Finance: High surplus to help Manjunatha and wife meet goals easily Despite a long list of goals, the Bengaluru based couple will be able to achieve them given the size of goals and adequate time for investing. How to take a loan against life insurance policy These loans are provided by the insurance company itself or any other NBFC or bank, which provides loans against securities. Mirae Asset Emerging Bluechip Fund: Consistent outperformer With a 7-year return of 25.08%, the fund has outperformed both the category average return (18.04%) and benchmark (13.4%) by a wide margin. Tax Optimizer: How salaried Kumar can reduce his tax outgo by 23% Many of the taxable allowances in Kumar's pay structure should be replaced with tax-free perks. He gets a holiday allowance which is taxable in his hands. What is high water mark in portfolio management? The portfolio manager can charge performance-based fee only on increase in portfolio value in excess of the previously achieved high water mark. Stock pick of the week: Why analysts are bullish on Rural Electrification Corporation Government's focus on rural electrification, higher margins compared to peers, improving asset quality and the recent price correction has made it a top pick. Alternative investment returns monitor: For the week ending Dec 27, 2017 Here's a weekly tracker of returns from alternative investments. But don't compare these with traditional investments as purpose of these is different.

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