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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News Digest: Clashes erupt in Pune over event to mark Dalit assertion, 1 killed

		THE TIMES OF INDIA
		Tuesday, January 02, 2018
		Today's Headlines

		India
		Clashes erupt in Pune over event to mark Dalit assertion, 1 killed A 28-year-old man was killed when clashes erupted between villagers of Koregaon Bhima, Pabal and Shikrapur and Dalits celebrating the victory of the outnumbered British — their numbers comprising some Dalits — over Peshwa Bajirao II’s army in the battle of Koregaon Bhima on January 1, 1818. For diabetes, cancer cure, Raj institute study the Vedas Official who helped defuse Doklam named foreign secy More India News»

		Business
		80L to gain as SBI cuts base rate by 30bps No charges on debit card transactions up to Rs 2,000 Rupee kicks off 2018 with a bang, revisits 5-month high Starting the New Year on a highly bullish note, the rupee surged ahead to close at a fresh five-month high of 63.68 a dollar, gaining 19 paise against its US counterpart. This is the highest closing for the home currency since August 8 last year when it had settled at 63.63. More Business News»

		Environment
		Chinese ban on ivory sales goes into effect "From today... the buying and selling of elephant ivory and goods by any market, shop or vendor is against the law!" the forestry ministry said on its official account on Chinese social media platform Weibo. South African drug to tranquillize Dudhwa rhinos The New Year promises to be a happy one for the rhinoceros at Dudhwa.Some of them might get to shift to a new home, thanks to South Africa. Beijing may be starting to win its battle against smog Beijing may have turned a corner in its battle against the city's notorious smog, according to Reuters calculations, and environmental consultants say the Chinese government deserves much of the credit for introducing tough anti-pollution measures. More Environment News»

		World
		Nine dead after inmates battle in Brazillian prison Nine inmates were killed, 14 were injured, and dozens escaped in a prison riot on Monday, national news media reported, in the latest example of Brazil's continuing difficulties maintaining control over its notoriously violent penal system. Pak's bravado gets picked on social media after Trump twitterstorm As bluster and bravado flowed from the Pakistani establishment in response to President Trump’s tough talk against Pakistan, social media erupted in taunts and jibes at a country that has earned for itself an unenviable reputation as Terrorism Central. At least 8 dead as boat capsizes off Indonesia's Borneo A speedboat carrying 51 people capsized off Indonesia's part of Borneo island on Monday, killing at least eight, an official said. The accident happened when the boat was traveling from Tanjung Selor, the capital of North Kalimantan province, to Tarakan in the same province. More World News»

		Entertainment
		Virat-Anushka's sweet New Year selfie from SA Saif Ali Khan takes Taimur sledding 'Tiger Zinda Hai' crosses Rs 250 crore mark More Entertainment News»

		Science
		Astronauts identify unknown microbes in space for first time Astronauts aboard the International Space Station (ISS) have for the first time identified microbes in space without having to samples back to Earth for tests. Four 'hot Jupiter' exoplanets discovered Scientists have discovered four new 'hot Jupiter' extrasolar planets orbiting dwarf stars. Using telescopes of the Hungarian-made Automated Telescope Network-South (HATSouth) Exoplanet Survey, the team observed four G-type dwarf stars known as HATS-50, HATS-51, HATS-52 and HATS-53. First brain surgery to treat neurologic condition in fur seal A neurosurgical team has successfully performed what is believed to be a first-of-its- kind brain surgery on a Northern fur seal named Ziggy Star in an attempt to treat her worsening neurological condition. More Science News»

		Sports
		Ranji Trophy: Vidarbha beat Delhi to win maiden title Vidarbha claimed their maiden Ranji Trophy after beating Delhi by nine wickets in the final of India's premier domestic tournament here on Monday. Chasing a target of 29, Vidarbha completed the task with loss of skipper Faiz Fazal's wicket. IPL: Mumbai Indians set to retain Rohit, Pandya bros Defending champions Mumbai Indians in all likelihood will be retaining skipper Rohit Sharma along with Pandya brothers, Hardik and Krunal, while under- performing Delhi Daredevils may keep Rishabh Pant and Shreyas Iyer in their stable ahead of the IPL auction on January 27. Murray will trim 2018 schedule to avoid injury issues Former world number one Andy Murray plans to trim his schedule in the new season to prevent a recurrence of the injuries that blighted his campaign in 2017. More Sports News»

		Technology
		Donald Trump's new tax cut may help Apple buy Netflix: Analysts Contrary to the reports of Apple launching a video subscription product in 2018 to counter Netflix, analysts from Citi have said that the iPhone maker could possibly buy the entertainment company by taking advantage of US President Donald Trump's corporate tax cut. IT pros, 2018 may offer good news on hiring front The year 2017 was a year of disruption for Indian job landscape, but hiring scenario looks glossy in the new year with likely addition of 2 lakh jobs in the IT industry, experts say. Amazon may back online insurance startup Acko Acko Technologies is the parent of Acko General Insurance, which received an in-principle regulatory clearance to launch earlier this year. People in the know of the transaction said the Seattle-based e-tailing major is likely to come on board Acko as part of a new financing round of about Rs 100 crore. More Technology News»

		Education
		CAT 2017 exam results to be out by January 7: Here's how to download CAT 2017 result The Common Admission Test (CAT) 2017 results are likely to be announced in the second week of January 2018. The exact dates for the release of the results are not confirmed yet. The speculated date for the announcement of the CAT 2017 results is January 7, 2018. IBPS Clerk Prelims 2017 results declared: Check your result now Institute of Banking Personnel Selection (IBPS) has declared the 2017 IBPS Clerk Prelims examination result on their official website - ibps.in. Periyar University November 2017 UG/PG Exam Results declared, check your result now The Periyar University of Salem has declared the results for the November 2017 Undergraduate and Postgraduate examinations on its official website periyaruniversity.ac.in. More Education News»

		Mumbai
		OPD services could be hit today as docs to go on strike Army officer from Virar dies in Arunachal fire An Army major from Virar died in a fire in his camp at Tawang in Arunachal Pradesh on Saturday. A jumbo jet crashed 40 years ago, but no one remembers More Mumbai News»

		Delhi
		Why Delhi doctors are up in arms over bill Over 300 flights hit as fog engulfs IGI runways Traffic Thrown Out Of Gear As 2.5 Lakh Gather At India Gate, Rajpath To Welcome 2018 More Delhi News»

		Bangalore
		Mother of BBMP's 'Pink Child' wants her to join IAS A baby girl born at 12.05am Monday at Dr H Nagaraj Memorial Maternity Home in Rajajinagar has been chosen for the city civic agency's first-ever Pink Child gift. Bengaluru cops drop stranded revellers back home Heaving a sigh of relief over what they described as incident-free New Year celebrations in the city, Bengaluru police on Monday said they received no complaints of sexual harassment and molestation during the revelry. Parekh takes charge as Infy CEO today Salil Parekh takes charge of the company on Tuesday with the expectation that it marks a fresh beginning at the Bengaluru-based company. More Bangalore News»

		Hyderabad
		New Year's surprise: Bitter critics Pawan Kalyan and KCR meet All set for new beginnings Drunk driving cases double this NYE when compared to 2017! More Hyderabad News»

		Chennai
		Murasoli website hacked, restored within an hour DMK organ Murasoli was hacked by miscreants and went off the air for about an hour on Monday. New Year road rage leaves blood on the streets; 5 dead, 300 injured Star launches app, website A day after his political plunge, Rajinikanth on Monday launched an app and website - rajinimandram.org. More Chennai News»

		Ahmedabad
		GST takes wind out of kite industry; supply dips 40% Solanki wants to be relieved? RSS top brass to take part in spiritual fair More Ahmedabad News»

		Allahabad
		30 lakh expected to take holy dip on Paush Purnima Cops hone communication skills to help pilgrims at Magh Mela Close shave for Patel as cars collide Anupriya Patel had a narrow escape on Sunday afternoon when the car she was travelling in was hit from behind by vehicles of her own convoy near Gazni village in Koraon, around 65km from Allahabad. More Allahabad News»

		Bhubaneswar
		'Medical interns' stipend goes up by Rs 5000 per month Sundargarh DEO orders probe into 'salary' for dead woman TOI report on salary having been deposited in the bank account of a deceased government school cook in Sundargarh for the past 14 months, the district's education officer on Saturday ordered a probe. Cuttack TB patient given 'expired' drugs dies, govt orders investigation More Bhubaneswar News»

		Bhopal
		Child panel takes suo motu cognizance of sexual assault on 4-yr-old in Indore school Bhopal stn first to install sanitary napkin vending machine Three killed in Satna clash More Bhopal News»

		Chandigarh
		Policy for affordable housing, rental accommodation soon Extension Of Aerocity, IT University On The Anvil Punjab to use drones to keep a check on illegal colonies Punjab has decided to use drones to ensure no unauthorised residential clusters come up in future even as a state cabinet subcommittee is yet to take a call on the fate of unauthorised residential colonies. UP theme state for Surajkund crafts mela More Chandigarh News»

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