Think ULIPs can beat mutual funds after LTCG tax? Here's the winner

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THE ECONOMIC TIMES Tue, Feb 27, 2018 | 06:30 AM IST ET Wealth Newsletter

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Think ULIPs can beat mutual funds after LTCG tax? Here's the winner The LTCG tax on stocks and equity funds has restarted the fight between these two arch rivals. Find out how these instruments score on key parameters. Three legitimate ways to avoid the new LTCG tax After the initial despair, equity and MF investors are slowly understanding the implications of the proposed LTCG tax. Here are a few ways they can avoid the tax. Why ELSS are still better than Ulips despite LTCG tax The tax on LTCG will make tax-saving options such as the Public Provident Fund (PPF) and Ulips more tax-efficient than ELSS funds. A ULIP alone won't give you sufficient life insurance: Here's why Since Ulips can only offer a cover of ten times the premium, they would cost you your entire income for the life cover you need. From our Partners Government Bonds & Taxes: Investment Options to Cut Taxes Without High Risk As we approach the end of another financial year and gear up to pay our taxes, the interest in different tax saving instruments are on the rise. From our Partners Six smart things to know about bonus in insurance plans Not all life plans are eligible for bonus. Plans can either be participatory, thereby qualifying for bonus, or non-participatory, that do not qualify for bonus. Take this short test to find out if you should buy a ULIP Like mutual funds, Ulips also invest in the markets. Be prepared for the market risk that the investment will be exposed to. Should stock market investors avoid jewellery sector totally due to PNB fraud impact? While jewellery exporters will remain under pressure, big domestic players will see improved performance. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth -3.66 2.99 22.50 16.00 Mirae Asset India Opportunities Fund Direct- Growth -5.32 7.86 23.46 14.44 Kotak Select Focus Fund Direct-Growth -3.75 5.24 19.55 13.91 JM Multi Strategy Direct Plan-Growth -3.41 1.87 19.34 13.70 Mirae Asset India Opportunities Fund Regular- Growth -5.37 7.48 22.59 13.56 FeaturedDSPBR Dynamic Asset Allocation Fund Direct-Growth ★★★★★ -0.75 1.49 8.21 8.22 Start SIP Stock market downturn: Why investors need to reassess their risk profile When it comes to risk tolerance, often the same questions about investing and comfort levels can yield different answers under different market situations. Here's how you can check the financial health of your bank With one scam tumbling out after another, it's time to check the health of banks in your portfolio. Here's how to understand the critical indicators.

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

10 retirement planning principles that can get the most out of your accumulated corpus Identify and classify your assets and then determine how much you need to meet necessities. Let the rest grow for discretionary expenses. That way, retirement will not be stressful. View: Buying a home prevents you from achieving other goals To buy a house, you take a loan and commit yourself to paying EMI for the next 20-25 years. Here is where your ability to take risks goes down. 10 ways to convert your office boredom into professional growth Boredom is when your brain cells start complaining about lack of work. Give your brain a kick by getting curious about something around you. How to invest in a bear stock market? Prashant is worried about the performance of his equity investments and wonders if there is any point in putting more money into losing products. Saving for travel is a priority for millennials: Here's how they save and spend The Expedia Generational Study found that 61 percent of Gen Z would get part-time jobs to save money for this purpose. Stock pick of the week: Why analysts are bullish on Mahanagar Gas Revenue and net profit growth, more vehicles converting to CNG, plans to introduce mobile gas filling stations and adding PNG consumers, have all made Mahanagar Gas a top pick. Tax Optimizer: How salaried Sekhar can reduce tax by Rs 80,000 through HRA exemption Taxspanner estimates that tax can be reduced by over Rs 80,000 if he claims HRA exemption on rent paid to his father and avails the tax benefit on NPS. SBI Magnum Midcap Fund: Not among the best performers With a 10-year return of 10.64%, the fund has underperformed the category average (12.87%) but has managed to beat the index (9.93%). How EPFO plans to pass on equity gains to subscribers The interest rate decided by the central board of trustees will have to be vetted by the finance ministry, following which it would be notified. What can a mutual fund transaction slip be used for? A transaction slip is available at the distributor's office or the fund house's branch. It can be downloaded from the fund website. Family Finance: Why Tainwalas can achieve their goals despite erratic cashflows Amol Tainwala's goals include having an emergency corpus, loan repayment, saving for his child's education and wedding, and his early retirement. Quality IPOs will generate interest among investors: Rakesh Tarway, Reliance Securities Market sentiments are a little bearish due to factors like rise in global and domestic yields, the new LTCG tax and news of the PNB scam, says Tarway. What are penny stocks? A penny stock is a relatively low price stock which has a small market capitalisation. In India, stocks which trade under Rs 10 fall in this category. We hope that there will be no LTCG tax imposed on Ulips: Shyamsunder Bhat, Exide Life Insurance Policyholders can switch from one type of Ulip to another, which could become complicated if each switch has a tax implication, says Bhat. Alternative investment returns monitor: For the week ending 21 February, 2018 Here's a weekly tracker of returns from such investments. But don't compare these with returns from traditional investments.

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News Digest: Subramanian, former cabinet secy, dead

		THE TIMES OF INDIA
		Tuesday, February 27, 2018
		Today's Headlines

		India
		Subramanian, former cabinet secy, dead T S R Subramanian passed away in the national capital on Monday. Improve DD content, get more ads: Smriti Focus on W Asia as Jordanian king comes calling Keeping up the focus on relations with its western neighbourhood, India will host Jordanian King Abdullah from Tuesday. PM Narendra Modi and King Abdullah will hold official talks on Thursday. India is putting in significant diplomatic capital by engaging key Islamic countries on de-radicalisation and counter-radicalisation programmes. More India News»

		Business
		Attach claim-free assets of Singh brothers' holding cos: HC The Delhi high court on Monday ordered attachment of all unencumbered assets of two holding companies of former promoters of Ranbaxy Laboratories Malvinder Singh and Shivinder Singh. An unencumbered asset is free of any claims, i.e. not mortgaged or pledged. Amazon sets up 15 centres for grocery, consumables ED seeks LRs to probe Nirav Modi's overseas biz, assets The Enforcement Directorate investigating the over Rs 11,000-crore PNB fraud case today approached a Mumbai court seeking issuance of Letters Rogatory (LRs) for obtaining information about the overseas businesses and assets of diamantaire Nirav Modi. More Business News»

		Environment
		''Wacky" weather makes Arctic warmer than parts of Europe 2 lions from Mideast war zones head to South African refuge Need to explain to people what climate change means in daily life: UN environ chief More Environment News»

		World
		Ceasefire? Air strikes in Syria kill 21, including 7 children Ivanka Trump believes father's denials of sexual misconduct Powerful quake cuts communications in Papua New Guinea At least one company began evacuating non-essential personnel after a powerful 7.5 magnitude earthquake hit Papua New Guinea's energy-rich interior on Monday, causing landslides, damaging buildings and closing oil and gas operations. More World News»

		Entertainment
		Sridevi: Unforgettable songs of the actress Mohit Marwah's message honouring Sridevi Joining the multitude in conveying their condolences was the newly-wed actor Mohit, who took to Instagram to share a heartfelt message honouring his late aunt. Shabana Azmi cancels Holi party The untimely demise of legendary actress Sridevi at the age of 54 has left B-town in a state of shock. The actress was reportedly found "motionless" in the bathroom of a Dubai hotel by husband Boney Kapoor, as he allegedly waited to take her out on a surprise dinner date on Saturday night. More Entertainment News»

		Science
		One giant leap for mankind: 'Humans could be on Mars within 20 years' Diet plays role in spread of breast cancer: Study 'Happy space suits' may prevent depression in astronauts Scientists are developing 'happy space suits' that can monitor symptoms of depression in astronauts, and provide real time feedback to improve the atmosphere of the spacecraft as well as boost the occupants' mood. More Science News»

		Sports
		Srikanth brightest among TOISA 2018 sports winners Srikanth, Sindhu, Bumrah, Advani, Harmanpreet, Savita, Sidhu and Ankur are among the winners at the 2018 Mahindra Scorpio Times of India Awards (TOISA) powered by All-Out in Mumbai, which honoured the best performance in Indian sport in 2017. Srikanth wins TOISA 2018 Sportsperson of the Year Kidambi Srikanth's record-setting 2017 earned him another accolade when the current world No 3 was honoured as Sportsperson of the Year at the third Mahindra Scorpio Times of India Sports Awards (TOISA) powered by All-Out on Monday. Ashwin to lead Kings XI Punjab in IPL Senior off-spinner Ravichandran Ashwin was on Monday named captain of the IPL side Kings XI Punjab, which also has Yuvraj Singh and Chris Gayle in their ranks. More Sports News»

		Technology
		Dating app helping couples cheat on each other The popular dating app Tinder, which is supposed to help people form new relationships, is increasingly helping youngsters cheat on their romantic partners, a study claims. BSNL selects Nokia to launch 4G service in 10 circles State owned telecom firm BSNL today signed a pact with Finnish telecom gear maker Nokia to roll out 4G services in 10 telecom circles covering western and southern regions in India. Fintech Revolut Britain's first digital bank to break even Financial technology firm Revolut has become the first of a new breed of digital banks in Britain to break even on a monthly basis after a swelling user base and a suite of new products helped it bolster revenues in December. More Technology News»

		Education
		Week later, TISS protests grow stronger 14 caught cheating in first set of cases this HSC exam season 'Last year's stay for undergraduate medical admissions applies only to petitioners' The state government plans to reintroduce the domicile rule for undergraduate medical admissions this year. More Education News»

		Mumbai
		Congress candidate's plea quashed, but HC upholds use of VVPAT It is the obligation of the state to ensure free and fair elections and use of VVPAT apparatus will be a step toward transparency in the election process, the Bombay high court said recently. Mumbai lawyer reveals client's murder plot, saves woman The city crime branch last week foiled a murder plot by arresting a property dealer from Borivli after his lawyer spilled the beans on him. Shiv Sena hijacked Hancock work launch function: Congress More Mumbai News»

		Delhi
		No eateries, pubs in Delhi residences, says Centre Taking note of concerns raised by residents and Resident Welfare Associations (RWAs), the Centre has recommended that restaurants, clubs and pubs be barred from operating on residential premises as part of mixed use areas, although it hasn’t suggested a Delhi CM Arvind Kejriwal won't play Holi in traders' support Amid the on-going sealing drive and protests surrounding it, CM Arvind Kejriwal on Monday said he won't be celebrating Holi to extend his support to the traders. Air India staffer among 3 held for smuggling Two passengers and a ground staffer were arrested on Sunday at the IGI airport for allegedly trying to smuggle out goods after entering with fake tickets, CISF officials said. More Delhi News»

		Bangalore
		Cops yet to take final decision on Rs 25,000 for green corridor From helipads to biogas plants, civic budget may be high on promises CID unit can probe missing techie case, says court The judge adjourned the hearing on a petition filed by Ajitabh's father Ashok Kumar Sinha to March 12, while asking police to show progress/result in the case. More Bangalore News»

		Hyderabad
		Cakewalk for French tech-wiz, Aadhaar and Telangana portal easy hack Hyderabad: BJP MLA's website hacked 86,798 write teachers recruitment test for teachers' posts As many as 86,798 candidates appeared for teachers recruitment test for secondary grade teacher (Telugu and English) posts in the state on Sunday. More Hyderabad News»

		Chennai
		Here's why Marina is a killer Educated drivers cause most road accidents, school dropouts safest who completed Class X caused more road accidents than school dropouts. Tamil Nadu doctor found dead in PGI hostel A 24-year-old PGI doctor allegedly committed suicide by hanging himself with a rope from a ceiling fan at his hostel room in the institute on Monday. More Chennai News»

		Ahmedabad
		Slum redevelopment the focus of AMC meeting The implementation of the slum redevelopment scheme was the highlight of the Ahmedabad Municipal Corporation’s general board meeting, which was held on Monday at the civic body’s Danapith office. In the absence of the leader of opposition, Dinesh Sharma, Congress councillor Taufiq Khan lead his party’s presentation. Ahmedabad turns 607 sporting new heritage crown, Amdavadis celebrate as one The 607th Foundation Day of Ahmedabad was celebrated on Monday with a slew of events held by the Ahmedabad Municipal Corporation (AMC) and other organizations. A 3-foot cake weighing 100kg, shaped like the historic Teen Darwaza, was cut at Ahmad Shah Roza at Manek Chowk. A teenager dressed as Ahmad Shah, the founder of the city, cut the cake. All that glitters could be jewellery con After Rs 11,300 crore Punjab National Bank fraud involving Nirav Modi, and Gitanjali Gems, consumers appear to be wary of purchasing gold and diamond jewellery. More Ahmedabad News»

		Allahabad
		SP ensured power only to 5 districts: UP deputy CM Congress will revive old glory of Sangam city: Raj Babbar This year play holi with colours as per your zodiac More Allahabad News»

		Bhubaneswar
		'I expect Dheeraj to play at Motherwell' CM Naveen Patnaik announces free sanitary pads distribution programme Cops send out alert for info on missing Kashmiri student Suhail's father Aijaz Ahmad Kataria met deputy commissioner of police Satyabrata Bhoi on the day and requested the police to trace his son, a second year MBBS student. More Bhubaneswar News»

		Bhopal
		Didn't expect such behaviour from Cong members: Speaker Soon, 72 modular food stalls at Bhopal stn Army recruitment to resume in Chambal: Sitharaman More Bhopal News»

		Chandigarh
		SAD: Govt agencies conspired to eclipse Canadian PM Trudeau's India visit BJP's alliance partner in the Centre and the state, Shiromani Akali Dal has now alleged that the Indian intelligence agencies had hatched a conspiracy to ruin Canadian Prime Minister Justin Trudeau's visit to India. Senior judge's kin named in Manesar land scam CBI on Monday sent ripples through the judicial circles when they chargesheeted one Gaurav Chaudhry and his two companies in the alleged Manesar land scam case. Honeymoon over, Amarinder's real test starts now More Chandigarh News»

'10 Days Hair Oil' Growth Results ! RATHIRA AYURVEDA Getaway to Goa with Tata Housing!TATA HOUSING How large should your retirement corpus be?UTI MUTUAL FUND Tax benefits upto ₹5,000 with SRL preventive health check-upSRL Diagnostics Pick your own policy at affordable premiums. Get the quoteICICI Prudential Recommended by Colombia

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