Smart money moves to improve your finances, make you richer in 2021

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WEALTH NEWSLETTER Tue, Dec 29, 2020 | 09:07 AM IST

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

Smart money moves to improve your finances, make you richer in 2021 ET Wealth reached out to experts to know how investors can safeguard their finances from the volatility that raged in 2020 and the uncertainty that looms in the horizon. How to hedge your stock portfolio against a downturn and which sectors to invest in 2021 Apart from booking partial profits, you can also hedge your equity portfolio with the help of put options. A put option benefits the investor if the market (or individual stock) goes down. One can buy short duration put options that will expire in 1-3 months or go with long-duration put options that will expire after a year. Podcast: Money lessons from 2020 and financial planning tips for 2021 In this podcast, we talk about the year 2020 and your personal finances, looking back on what all happened and the lessons we have learnt. We also bring in expert Radhika Gupta of Edelweiss AMC, who gives us important financial planning and wealth management tips for 2021. 5 questions to ask while writing your will Writing your will is an important part of financial life. It's better to be prepared because with Covid you may not get time. Here are 5 questions you must ask while writing it. From our Partners Welcome 2021 with safe travelling and fun holidays. With 2021 just around the corner, it's time to put on your travelling shoes! Choose the best alternative accommodations with MakeMyTrip. From our Partners Making shared workplace flexible and safe WeWork creates flexible workspace solutions for all your needs. In 2021, debt mutual funds are not likely to give high returns: Here's what investors should do Existing investors with accumulated gains may be tempted to lock in these gains now. However, with other fixed income avenues also yielding low returns, investors must consider how they will deploy the proceeds. Why shifting your gold holding to sovereign gold bonds is a smart move For Indians, buying gold is a tradition. The asset is never sold except in extreme emergencies and is handed down from generation to generation. However, this is not a good financial planning strategy, especially after the recent rally in gold. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 16.06 18.94 32.85 7.38 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 14.97 22.96 32.10 6.86 Invest Now Axis Bluechip Fund-Growth ★★★★★ 14.58 17.51 32.08 7.25 Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 13.51 21.17 31.10 6.71 Tata Index Sensex Direct ★★★★★ 12.88 14.87 35.00 7.11 Invest Now Bitcoin prices sky-rocketed 200% in 2020 but small investors should stay away: Here's why Investing in bitcoins is convenient and cheap—the minimum ticket size is as little as Rs 100. However, investors should be aware of multiple red flags before considering this as an investment option. Want to invest in foreign equities? Here's why you should temper your expectations If you have missed out and are tempted to jump in now, you may end up being hugely disappointed in a few years. The US market is now in the eighth year of a raging bull run. High liquidity and a low-interest-rate environment have elevated several stocks to lofty heights.

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Financial Calculators Old or new tax slab regime? Use this calculator to find out 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. 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.

Should you switch from tax free bonds now? These two factors should help you decide "If your holding in tax-free bonds is small, switching to PPF is the best option. Sell slowly and invest Rs 1.5 lakh per annum in PPF," says Anil Rego, Founder & CEO, Right Horizons. In addition to the tax free status, current returns (7.1%) offered by PPF is also good. Close-ended equity mutual funds are struggling due to poor returns: What investors should do A look at the performance of all active close-ended equity funds suggests more rollovers and conversions could be in the offing. Of the 85 schemes currently active, as many as 55 are underperforming their benchmarks. Twenty one have NAVs below the NFO price. At least 11 of these will mature in the next three months. These could potentially seek extension of maturity or convert. Dear world, stop bombarding investors with mails, messages and unsolicited advice By sending too many statements, too much information, too much knowledge, and works too hard to grab the attention towards the endless string of new products that have to be sold. This complicates the will of keeping financial life simple. Do you have enough insurance? This is what you need to do to be prepared for the coronavirus in 2021 With Covid showing no signs of abating, it's crucial not only to secure your lives, but also of your loved ones. One way to do so is by buying term insurance. And with regards to health insurance, consider two parameters: cover size depending on where you live, and whether it covers Covid and its specific requirements. You are sure to fail that job interview if you make any of these 10 mistakes There is a lot of learning for your career from failed job interviews. The worst possible approach to a job is when you do not know anything about the employer, their work and expectations. Here are the right lessons to learn if you fail at an interview. Franklin India Prima mutual fund review: This has hurt the scheme over the past year While retaining its mid-cap tilt, this fund has traditionally maintained a sizeable presence in large-caps. The fund manager shows a preference for high quality, capital efficient businesses backed by sound corporate governance practices. Ajanta Pharma's reasonable valuations and other factors that make it this week's stock pick Ajanta Pharma beat street expectations in the second quarter of 2020-21. However, it is still valued reasonably compared to other mid cap pharma companies. Its fast growing US business and branded generics business in Africa will be the key growth drivers. The mindset of a successful investor according to Charlie Munger "I'm a big fan of knowing the big ideas in all the disciplines and using them routinely in judgments. I don't believe in constantly consulting with experts in investment decisions. Life is more fun if you do that. Academia isn't very good at multi-disciplinary work," says Munger. Investing in mutual funds? Follow these steps to get Common Account Number In eCAN, CAN is instantly generated, whereas in case of physical submission or FillEzz, it is generated after document submission. In the partially electronic CAN type, one can submit the information online, on the basis of which an eCAN is opened. What is financial liquidity? Here are 5 things you should know The coronavirus crisis has taught us the importance of liquid assets and contingency cash buffers to deal with financial stress. Read to know how much money is recommended to be kept in liquid assets for emergencies as part of one's financial planning. 2020 headliners: Stock market and economic developments that affected our money matters Within nine months of the Covid-induced crash, the Sensex not only recovered lost ground but closed at a record high of 46,960 and the Nifty at 13,760 on 18 December. While some of the GDP fall can be attributed to the Covid, the situation was already in decline. How gold, silver performed during the week ending December 23, 2020 Here's a weekly tracker of returns from alternative investments, namely gold, silver, platinum and WTI crude. These should not be compared with traditional investments since the proportion and purpose of alternative investments is vastly different. Realty hot spot series: A prime residential, commercial area in Ahmedabad Satellite, situated in west Ahmedabad, is located in close proximity to the airport, railway station and highway. It enjoys sound connectivity through several key roads and ease of access to prominent areas. Here are other draws that make it a real estate hotspot. New normal: Personal finance rules in a post covid world As coronavirus-led uncertainty still looms large, the best course of action for you would be to evaluate long-term goals, current income levels, likelihood of income loss and provisions for any emergent financial impact like health risks. MF portfolio doctor: Sinha must scale down financial goals if he cannot hike SIPs substantially Surajit Sinha is saving for his children's goals and retirement. The mutual funds portfolio doctor says that his targets seem a little too high and he should consider downsizing them to realistic levels. He also advised against tax inefficient fixed deposits.

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