PMC Bank crisis: Should you change your bank? Here's how to evaluate

THE ECONOMIC TIMES Tue, Nov 19, 2019 | 08:34 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA,#sukanya samriddhi yojana calculator,#alternative investment returns monitor,#realty hot spot series,#stock pick of the week,#mf portfolio doctor,#family finance

PMC Bank crisis: Should you change your bank? Here's how to evaluate The PMC Bank crisis has brought safety of bank deposits into focus, but does that fear warrant a bank change? How dud stock becomes long-term investment in our portfolios Our investment behaviour is driven by our notion of loss and gain, not by logic. Past cost should not matter in rational decisions. But when our investment lets us down, we hope that the price gets back to the original level so that we have no loss. Podcast: How to keep your credit score high for better home loan rates Your credit profile is key to getting good rates on home loans. In this wealth wisdom podcast, we tell you about some lesser-known aspects that can push up the interest rate and lower your credit score. 5 stocks that foreign portfolio investors are buying now Historically, FPIs have bought into large cap counters. But it is different this time and they are now concentrating on mid-caps. A concentrated large-cap rally during the past year and resultant high valuation are the reasons why FPIs are bypassing large-caps. Realty in slump but Godrej Properties shines The company's new business model helped it to scale. But the high growth may be affecting returns. How Rono Dutta is reshaping IndiGo The CEO talks about "focus cities"; the churn at the top; and the legacy he wants to leave behind. This startup can do a 44-day job in hours MatchLog can turn around an import-bound container in about 60 hours. From our Partners Join us in the 3rd edition of the most sought after Capital Market event of the year! From our Partners Evolving Change in Consumer Behaviour for Individual Lending Bureau Score Evolution – Capturing the changing retail lending landscape | Interpreting the bureau scores as evolved over time | How the CreditVision® Score works? Money & Relationships: How to tell your children about financial problems It is important to talk to kids about money issues in a way that it does not cause anxiety and provides the skills to deal with crises as adults. If you are struggling on how to tell your children about your current financial problems, here's help. Are active large-cap mutual funds making a comeback? Recently, actively managed large-cap mutual funds have been criticised due to their under-performance vis-a-vis passive funds. However, currently six of the top 10 large-cap MFs over one year are active funds. Should you invest in them? Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 20.51 21.84 11.15 0.24 Invest Now Axis Bluechip Fund-Growth ★★★★★ 18.98 20.37 10.50 0.16 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 16.56 16.81 10.60 2.30 Invest Now Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 16.14 13.24 7.33 2.96 Start SIP JM Core 11 Direct Plan-Growth ★★★★★ 16.01 15.40 7.04 -0.31 FeaturedDSP Short Term Direct Plan-Growth ★★★★★ 7.58 11.06 6.10 1.06 Start SIP Vodafone-Idea problem: Investors in these debt mutual funds may be hit badly Failure of the telecom entity to continue as a going concern will potentially hit several debt schemes holding roughly Rs 2,023 crore worth of Vodafone Idea debt. According to data, schemes of four asset management companies hold the paper. How government pensioners can submit life certificate online It is mandatory for government pensioners to submit the life certificate (Jeevan Pramaan Patra) at the disbursing authority, usually at the bank. However, pensioners now also have an option to submit the life certificate online.

FEATURED SLIDESHOWS

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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.

Investing retirement savings in zero-risk products is a terrible idea If you choose to ignore the effects of inflation, then you are heading for old-age poverty. Average salary in India is likely to increase by this much in 2020: Survey A recently held survey reveals that India could see the highest average salary hike in the Asia Pacific region by 10 per cent. Sector-wise, the energy sector, financial services and consumer products sector could see the highest salary growth. Which stocks fell the most due to corporate scandals in past one year? Shares of many companies took a beating in the past year due to numerous scandals that rocked corporate India. We take a look at the bad news and how it impacted share prices of these companies. We also tell you how to protect yourself from such risks. Why you should surrender endowment life insurance policies Surrendering a policy would mean that a portion of the premium already paid will be refunded to you. If the policy has been in force for some time, you would get a good surrender value which can be immediately invested in products of your choice. Realty hot spot series: Proximity to IT hubs, malls is the main draw of this Bengaluru locality This locality has emerged as a significant information technology (IT) hub. The nearby IT centres are Manyata Tech Park, Kirloskar Tech Park, etc. The locality is 25 km away from the airport and 2 km from the nearest railway station. Stock pick of the week: Why analysts are bullish on M&M Finance With its focus on financing of used vehicle sales along with the improvement in its asset quality, M&M Fin improved its market share during these difficult times. The company is also trading at reasonable valuations, unlike other NBFCs. What is term insurance with a monthly payout? Term insurance with a monthly payout is particularly useful for families with limited financial exposure where there is a possibility of the lumpsum amount being mismanaged or squandered away. Private banks, large NBFCs should continue to do well: Dhiraj Relli, HDFC Securities In an interview with ET Wealth, Dhiraj Relli, MD and CEO, HDFC Securities talk about which sectors you can bet on now, expectations on how long the ongoing slump will continue and why trade wars are favourable for India. Tax optimiser: Salaried Kumar can save over Rs 68,000 in tax via NPS, perks Not only should you ask your employer for the NPS benefit, but you should also invest in the scheme on your own. You can reduce your tax outgo significantly. Hence in this way, you can optimise your tax by rejigging your income and investments. Transmission of mutual fund units of HUF when karta changes KYC documents of the new Karta and the HUF need to be provided. Transmission form and documents submitted by the new Karta/members are scrutinised and verified by the AMC and if found in order, transmission and changes in the records are carried out. MF portfolio doctor: Why Panja needs to cut retirement corpus target, add equity to savings When investing for multiple financial goals, starting early is the first and perhaps the most important step. Subhasis Panja is saving for multiple goals. Here's what the doctor has advised him. Family finance: Prakashs need to speed up investment, revamp insurance portfolio to achieve goals For retirement, the couple has estimated a need of Rs 4.6 crore in 12 years and can assign their EPF, NPS, stocks and mutual funds. Their other goals include building an emergency corpus, taking a vacation and saving for their son's wedding. Alternative investment returns monitor: For the week ending November 13, 2019 Here are the alternative investment options with their returns, for the week ending November 13, 2019. The proportion and purpose of these is vastly different.

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