Are millennials financially wiser than their parents? Find out

THE ECONOMIC TIMES Tue, Aug 07, 2018 | 06:31 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA,#sukanya samriddhi yojana calculator,#recurring deposit,#fixed deposit,#income tax,#tax filing,#critical illness

Are millennials financially wiser than their parents? Find out Gen Y is trying to explore new choices, whether it's in goal-setting, investing, spending, insurance or career. How hybrid mutual fund schemes can help you achieve asset rebalancing Earlier, selling out of equity that had been held for over a year was tax-free. Now, there is a 10% tax. Why passive large-cap mutual funds are currently outperforming actively managed ones The top performers are mostly passively managed ETFs and index funds. Most actively managed large-cap funds have severely underperformed the underlying index. What's not right for WhatsApp WhatsApp for Business has grand plans. High pricing & concerns over data-privacy may hold it back. HDFC AMC may be a hit, but AMC era is over With the changing composition of inflows to mutual funds, ETFs will grow because they mirror the performance of broad-based indexes, and are very cost-efficient for the investor. Decoding e-commerce policy draft The focus in the document is on creating a walled garden for 100% desi players, a la China — except India missed that bus ages ago. From our Partners FAQs About Recurring Deposits: Everything you need to know Unlike Fixed Deposit, you can deposit a fixed sum with your Bank or Post Office for a pre-defined term every month. From our Partners Healthcare rates could be 20% lower than CGHS under Modicare The National Health Protection Scheme (NHPS), more commonly known as 'Modicare', is set to provide common treatments such as C-section, knee replacement, and coronary bypass surgery at rates that are 15-20% less than what's offered by the Central Government Health Scheme (CGHS). Should low returns from debt mutual funds worry you? One-year returns of long duration debt funds have been just 0.26%. So why are these fixed-income investments generating such low returns? What your health insurance policy will not cover Most people tend to give the in-depth study of the policy clauses a miss, only to regret later. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 7.09 8.31 9.14 15.90 JM Core 11 Fund-Growth 7.01 7.87 8.26 14.31 Axis Bluechip Fund Direct Plan-Growth 3.48 16.87 22.40 13.38 ICICI Prudential Nifty Next 50 Index Direct-Growth 6.53 3.22 6.87 12.55 ICICI Prudential Bluechip Fund Institutional I-Growth 6.28 5.52 11.82 12.35 FeaturedPrincipal Emerging Bluechip Fund Direct- Growth ★★★★★ 5.32 5.00 10.84 15.44 Start SIP How parents save for child's university education expenses Parents in India are taking on extra work, sacrificing holidays and borrowing money to put their children through university. Use Airbnb, TripAdvisor to make money off your spare room While smaller spaces, such as a single bedroom, will draw less rent, small and shared spaces have more takers.

Financial Calculators 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. 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.

Realty Hot Spot Series: Why this Mumbai suburb is an ideal residential property Mumbai's Borivali-Dahisar locality enjoys good connectivity to commercial and recreational hubs in areas such as Mira Road, Kandvili, Malad and so on. Fixed deposit interest rates hiked but debt mutual funds still better SBI and HDFC Bank have hiked interest rates for FDs below Rs 1 crore. Investors, however, may not gain so much. Income from them is fully taxable. Best smartwatches for different budgets Smartwatches are in vogue and are a useful accessory. ET Wealth rounds up some of the best options available under Rs 20,000. How to calculate the retirement corpus you will need using MS Excel Calculating the present value of an amount gets complicated, if the investment generates a series of payments over a period of time. How to learn from investment decisions gone wrong in the past Identify and address the underlying cause that contributed to your decision, fix those elements of the problem that are completely in your control. How you can earn more in the early years of your retirement One can augment one's corpus by working in the early years of retirement. A small exposure to equity via MF schemes will help the corpus go farther. What makes Axis Bluechip Fund a dependable outperformer This fund emphasises on quality and growth in its stock picks, favouring companies with improving cash flows and higher earnings visibility. Stock pick of the week: Why analysts are bullish on SKF India Tailwind in the automotive and industrial segments should help SKF India to improve its performance further. MF Portfolio Doctor: Kumar needs to hike monthly investments by 72% to meet financial goals Starting investments late can mean that some of your goals might have to be downsized. Do review investments and rebalance at least once a year. Consumption-oriented stocks will be in focus: Rajesh Cheruvu, Chief Investment Officer, WGC Wealth "The consumption space continues to be the predominant driver of ongoing macro recovery, backed by strong demand and increased appetite." What are sub-limits in a health insurance policy and why they are important There are two types of sub limits in your health insurance- one on the hospital room rent and the other on the sum assured on the specific disease. How an HUF can invest in mutual funds The karta of the HUF is required to fill up the non individual KYC form and complete KYC formalities with the registration agency (KRA). Alternative investment returns monitor for week ending August 1, 2018 Here's a weekly tracker of returns from alternative investments, but don't compare these with returns from traditional investments.

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