9 smart money moves to improve your finances and make you richer in 2020

THE ECONOMIC TIMES Tue, Dec 31, 2019 | 08:34 AM IST ET Wealth Newsletter

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9 smart money moves to improve your finances and make you richer in 2020 Many individuals may have lost track of investments done in the past and won't even know if they still exist. How equity, debt and gold investments did in 2019 Weakness in economy caught most companies off guard, it is feared that expected earnings recovery may get postponed. However, the stock market may still remain firm and hopeful. Some experts believe that the economic situation will improve in 2020. Mutual funds end 2019 a safer and cleaner asset class to invest in Among many others, the biggest change in 2019 was a drastic reduction in the expenses that mutual funds charge from investors and nature of the commissions they pay. Announced in September 2018, these changes came into effect only on April 1, 2019. After craft beers, Bira91 goes for mass B9 Beverages has ventured into mass-priced beers. Why is it going beyond the niche it created? What's choking India's consumption To assess the state of India's consumer economy, ET Prime partnered with peel-works, which works closely with corner stores. In the first part of the survey, we assessed how sales of basic consumer goods grew during the festive season. The bottom line: Certain geographical pockets and product categories have stayed resilient amid a slowdown, but there's also increased pressure on working capital. The commercial reason behind PepsiCo vs. farmers An ET Prime investigation indicates that there may be more to the controversy than meets the eye. The farmers PepsiCo had sued for patent infringement have links to a number of local snacks brands. It may be another example of Pepsi locking horns with regional players to protect its share in the snacks market, particularly in potato chips. From our Partners Why should you invest in travel: 4 reasons to explore the world From planning the perfect long weekend staycations or vacations for Ganesh Chaturthi to organising a full-fledged holiday during Diwali, the opportunities are endless! From our Partners Here's why you should include Small Savings Instruments in your financial plan Sectors, stocks that made investors the most money over the past 5 years ​Six of the top 10 Fastest Wealth Creators had single-digit PE multiple in base year 2014. Bajaj Finance is the only company with a unique distinction of being in the top 10 list of both, biggest and fastest. Four personal finance lessons from two women Without an income, there is no way to meet expenses. How much income is adequate for a household is defined by its expenses. A household cannot choose to be extravagant or thrifty but has to merely work within the defined contours of its income. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 22.19 20.68 8.26 2.13 Invest Now Axis Bluechip Fund-Growth ★★★★★ 20.64 19.27 7.67 2.06 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 17.80 17.85 7.70 1.85 Invest Now Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 16.99 14.48 5.16 1.06 Start SIP JM Core 11 Direct Plan-Growth ★★★★★ 16.32 13.63 4.10 0.79 FeaturedICICI Prudential Midcap Direct Plan-Growth ★★★★★ 9.33 0.70 -0.48 -1.09 Start SIP Cool and connected gadgets to start smart@2020 There are four things you should consider while buying a gadget -Focus on its relevance, life span, connectivity and affordability. ET Wealth lists out five must-have gadget across budgets. Money & Relationships: When can a woman claim maintenance from a man? Here are the laws and circumstances under which a woman can claim money for herself and her children whether she is separated or divorced. Due to different religions in India, marriage, divorce and maintenance are governed by their personal laws.

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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.

Security and parking must for home buyers: Survey Six cities in India are where most people are looking for homes, finds a Magicbricks survey. How Sensex, gold, 10-year G-sec performed during week ending December 26, 2019 Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. This will give investors an idea of how their investments performed over a long period. 5 things to know about virtual credit cards A virtual card may be available to non-credit card holders too. In their case, the virtual credit card will be linked to the debit card or the account. Realty hot spot series: This Chennai locality has many ready-to-move-in properties for home buyers This locality has ready-to-move-in homes and is well-connected by road and rail network. Vadapalani station on the Green Line of the Chennai Metro has further boosted connectivity of Arcot Road. Rights of legal heirs if their father dies without a will The trust cannot be open-ended. The trustees will have to name appropriate successors. If the money belonged to your father, the successors of the other heirs can also lay claim to the money at a future date. Family finance: Prabhakaran should stagger primary financial goals to achieve them with ease Hyderabad-based Pradeep Prabhakaran has financial goals which include building an emergency corpus, buying a house, saving for the child's education and wedding, and his own retirement. Here's the plan that the financial planner has made for him. My brother died intestate. Does his wife get a share in the property? If the husband has left behind both a widow and lineal descendants, the wife will get one-third the share in his estate while two-thirds will go to the latter. Since the mother is also a Class I heir, she is entitled to receive equal share of property. Tax optimiser: Why Pai can save tax only marginally via NPS You can optimise tax by rejigging your income and investments. In this taxpayer's case, there is scope for further tax reduction if he makes use of all the deductions available. MF portfolio doctor: Why Kumar should avoid investing in tax-inefficient RDs The Portfolio Doctor generally assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. How to invest in liquid mutual funds To be able to invest in a liquid fund, the investor should have KYC formalities completed with a KYC registration agency. A KYC form needs to be filled up and documents (address and IDproof) should be submitted, with originals for this purpose. Stock pick of the week: Why analysts think Crompton Greaves is a promising deal Crompton was able to increase its leadership in 2nd quarter. Also, its efforts towards capacity addition in b2b lighting segment, cost rationalisation & changes in marketing strategy to stay competitive has made the company a favourite of analysts.

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