Financial planning: 7 money steps new earners must take

THE ECONOMIC TIMES Tue, Jul 23, 2019 | 03:32 AM IST ET Wealth Newsletter

Associate Sponsor

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

Financial planning: 7 money steps new earners must take It is easy to get carried away when you start earning. Find out why you should take financial planning seriously at this stage. Worst is over for the pharma sector. What investors should do Though short-term pressure will continue, risk-reward is getting in favour of this sector. ET Wealth Wisdom podcast: All the documents you need to file your ITR In this week's ET Wealth Wisdom podcast we will walk you through all the documents you need to file your income tax return. Legal rights of a married daughter over ancestral property ​​The marital status of the daughter is immaterial, and a married daughter has the same rights as an unmarried one. Deal Street goes deserted on muted sentiment M&As slid 58% in the first half, as risk aversion and sluggish capital markets kept investors away. India's new cybersecurity chief's Vision 2020 Sharing the security of critical information infrastructure in six sectors with industry will be key. Diagnostic chain eyes pan-India presence Dominant in south India, Medall is waiting for a deep-pocketed investor to break into new markets. From our Partners How to borrow money and benefit from it? From our Partners What are NPAs? Here's how bad loans can affect a bank's finances Money & relationships: Can your parents evict you from their house? Can the parents ask their children to move out? What about the legal claim over the property in that case? Find out How to change jobs when you are unsure about next career move Are you planning to quit your job but have no clue about your next move? Here's help. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth -3.34 7.23 2.91 14.30 Mirae Asset Large Cap Fund Direct- Growth -2.21 5.54 8.48 13.66 Reliance Large Cap Fund Direct-Growth -2.55 4.24 9.26 12.94 Axis Bluechip Fund-Growth -3.40 6.65 1.55 12.88 Sundaram Select Focus Fund Institutional-Growth -3.01 5.12 3.70 12.73 FeaturedDSP Liquidity Direct-Growth ★★★★★ 0.58 3.56 7.49 7.16 Start SIP Why you should invest in stocks that scale new peaks often These companies generally report strong results and have promising prospects compared to their sectoral peers. Should you build a diversified portfolio with just passive mutual fund schemes? Experts say investors should not be lured by the low-cost structure of passive funds alone.

FEATURED SLIDESHOWS

How to alter SIP instructions Which ITR form should you fill? Red flags to avoid while filing income tax return How to buy family travel insurance More Slideshows

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.

Traded in futures and options? You must use ITR-3 to file tax return Even salaried individuals have to file their tax returns in ITR 3 if they have traded in futures and options. Should you trust the expertise of experts with your savings and investments? If anyone is looking for a readymade answer from an expert, then that is highly unlikely to be available. Why you should increase EMI payments and investments ET Wealth shows you how much you can save on total interest outgo on EMI by increasing the payments every year. Will borrowers benefit if RBI regulates housing finance companies? 4 experts weigh in ET Wealth asks industry experts and consumer activists if RBI regulating HFCs will benefit the consumers. Gold vs fixed deposits: Where should you invest? The good returns and familiarity of gold make us think that it is what we should invest in. But should you focus so much on gold? Lost your property papers? Here are the steps you should take An application with these documents must be made to the property registrar to obtain duplicate copies of the sale deed. Emergency fund: A weapon that can help you fight financial vulnerabilities The most potent weapon is the margin of safety or the buffer of emergency funds, built during the good times. Tax saving options under section 80C: Features explained You can save tax if you understand how these tax saving options work. Realty Hot Spot Series: Why this premium South Delhi locality is much sought-after South Delhi's Saket is a premium micro-market comprising quality residential, high-end retail and commercial offices. Stock pick of week: Biocon is on fast track to growth, making it analysts' top bet Strong annual results for 2018-19 including improvement in net profit, growth momentum in its biosimilars business and recent price correction have made it favourite. ITR filing: 5 things you should know about section 80DDB deductions One can claim deductions either for himself or dependents which can be one's spouse, parents, children or dependent siblings or members of HUFs. MF Portfolio Doctor: Why Jain needs to avoid thematic mutual fund schemes The Portfolio Doctor assesses the health of the portfolio, examines the schemes and their suitability with regard to the goals and recommends corrective measures. Family finance: Why salaried Setty needs to increase investments to achieve his goals Hyderabad-based Setty should also trim his insurance portfolio to secure his finances adequately.

More Newsletters

ET Mutual Fund A weekly round-up of the top news and views

Markets Watch Round up of stock, currency, bond, money and real estate market

Daily Newsletter Special stories that round up the major developments of the day

View All

Follow Us on ET:

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2019 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here

Kotak Bank's Q1 profit misses estimates | GST Council may weigh GST on petroleum goods | Investors lose Rs 4.37L cr in 3 days

To keep you updated, we send ET Markets Newsletter to your mailbox. In case, you wish to Unsubscribe Click Here

DAILY BRIEF Mon, Jul 22, 2019 Associate Sponsor #Q1Results#SmallcapHunters#IPOs#ExpertViews#StockRecos SENSEX 38031.13 -305.88 NIFTY 50 11346.20 -73.05 Gold 35130.00 94.00 USD/INR 68.92 0.11

TOP OF THE DAY Kotak Mahindra Bank Q1 profit misses estimates; 8 key highlights Kotak Bank's provisions and contingencies declined 32.55 per cent YoY to Rs 316.76 crore. GST Council may weigh GST on petroleum goods at July 25 meet Tech View: Nifty50 forms bearish candle; 11,300 level key support After Market: YES Bank surges 9%; investors lose Rs 4.37L cr in 3 days Bond rally halts as RBI flags data dependency Stuck in DHFL mess! HNI, retail investors' stake at highest in Q1 As Modi 2.0 hits half-century, D-Street sees Rs 12 lakh crore loss

Top Gainers NSE 9 companies (largecap) appreciated more than 3% InterGlobe Aviation Ltd. 3.84% Vedanta 3.72% More from Gainers Top Losers NSE 2 companies (largecap) price decreased more than -5% Bajaj Finserv -5.34% HDFC -5.06% More from Losers 52 Week High NSE 5 companies touched new 52-week high today Adhunik Industries 8.07% FCS Software 0.00% More from 52 Week High

AdvertorialNegotiation strategies for women for a higher salary AdvertorialUnderstanding the perks and woes of business travel

F&O: Nifty50 needs to negate lower highs & lows to stabilise Till Nifty remains below the 11,461 level, it could fall towards the next support of 11,250. Insurer's stock fund picks infrastructure over consumption FM's foreign debt plan good, but is fraught with challenges Pessimism is overdone in financial space: Sanjiv Bhasin, IIFL Sec

Market moguls Podcast Video Be safe than sorry: Looks like a disaster looming ahead for D-St ETMarkets Evening Podcast: Bears again flex muscle; what's next? Sensex plunges 306 pts, Nifty below 11,350; YES Bank rallies 9%

RECOMMENDATIONS Dabur India Ltd. Buy Dabur, target Rs 485: Phillip Capital Buy Wipro Ltd. Add Wipro, target Rs 290: Centrum Broking Add Rallis India Ltd. Hold Rallis India, target Rs 165: ICICI Direct Hold ACC Ltd. Buy ACC, target Rs 1,930: HDFC Securities Buy Motherson Sumi Systems Ltd. Sell Motherson Sumi Systems, target Rs 106: Kunal Bothra Sell

Budget: A big change in fixed income market went unnoticed On the exchange-traded front, the circular is potentially epoch-making. 8 stocks that analysts say can deliver gains in 2-3 weeks Modi's election win hasn't done FPIs any good, says Julius Baer Big 4 under watch: Govt wants CCI probe into their dominance

Quick Links Markets Live | Market Stats | IPOs | Technicals | Commodities | Forex

Follow Us: Download ET Markets App:

About us|Advertise with us|Feedback|Sitemap|Code of Ethics More Newsletters: Daily Newsletter | Markets Morning | ET Investment Opportunities | Wealth | View all © Times Internet Limited. To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here, To unsubscribe or edit your subscriptions please click here