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by: Living Media India
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Money Today - August 07, 2008
Cover Story
Planning for special situation
Kamya Jaiswal and Namrata Dadwal
We take you through a series of situations that any of us could find ourselves in, and tell you how others have dealt with them. We hope you never need to face these situations. But if you do, take a lesson from the scouts-and be prepared.
- What if you have special needs children
- What if you are a single parent
Editor's Note
From the managing editor
Rohit Saran
Good advice isn’t always adequate advice. This is most evident in personal finance. For a magazine, covering the gap between good advice and adequate advice isn’t easy. It requires in-depth knowledge, skill, ability, and confidence to stick its neck out and make some bold projections.
Now & Then
Tough lesson
Depending on how you look at it, the education of your child is both an investment and an expenditure. The sharp rise in its cost underlines the need to include this future expense in your financial planning.
Query Corner
What is the tax rate on income from mutual funds?
Mutual funds are more tax efficient than most other forms of investment. The tax rate is determined by the type of mutual fund and the tenure of investment.
Upfront
Stocks to bank on
The stock market may be an unpredictable place, but this is one reversal of fortune that is too sudden even for those who did not blink at Dalal Street’s crazy plunge.
Talk Back
'Story on inflation was well-timed and informing'
Everyone is concerned about inflation but few understand its real impact. For instance, though people know they spend more, not many realise how much more.
E2E
Virtual ride, real success
Rajshree Kukreti
A right combination of initiative and mentoring has seen three young engineers turn a plain listing of bus routes into a Rs 5 crore online ticket-booking enterprise.
Stocks
Avoiding the delisting trap
Rakesh Rai
Individual investors are easy prey to fly-by-night operators or companies that are struck off the stock exchanges. Here’s what you can do to safeguard your stock.
- Zandu Pharma performs well
- What to do now, and why
- No action is best action...
Mutual Fund
Taurus Libra Taxshield fund delivers
Tax plans category witnessed steeper losses, with four of the top performing funds losing more than the best performing equity diversified funds. This is the only exception.
- Cover for your investment
- Banking on long-term growth
- 'Focus on asset allocation'
Tax
Do I need to pay tax on income from retainership fee?
You need to file return on your actual income, including income from other sources. You can claim deductions for the expenditure incurred in connection with your retainership income.
Banking
50% to 30%: In whose interest?
Rakesh Rai
A recent consumer court ruling chastises banks for charging high interest rates on credit card loans.The verdict is in the customers’ interest, but will the banks comply?
Real Estate
Homing in on the wood
Rakesh Rai
It’s a fresh, new concept on the city realty scape. A log house is not only easy to install, but also takes much less time compared with a concrete house.
Financial Planning
Must-dos for single parents
Deven Shah
While single parents almost never fall short of love and good wishes for their children, often they don’t plan their finances properly to ensure that their dreams become a reality.
- Planning for special situation
Travel
Luxury on EMIs
Sushmita Choudhury
Renting a private island or taking a Ferrari trip may be dream holidays for the uber-rich. But with a travel loan and smart planning, you too could break into the luxury travel club.
My Story
Colour of money
Rajshree Kukreti
Bengaluru-based ad man S R Magar’s passion for art found expression in Magnitude Gallery, an enterprise that employs its own artists to create customised paintings for select clients.
Expert View
Why pharma is the cure
Dipen Sheth
If your investments have been “decapitated” by capital goods or are “deconstructed” by construction firms, take some anti-depressants, balms and pain-killers. Switch to pharmaceuticals.
Technology
Smarten up your Gmail
Virtually unlimited storage space, exclusive invitations to sign up, the power of Google search... But are you making optimum use of your Gmail account? Here’s a look at some of the more interesting options. Scan the Gmail page carefully and you’ll find many more...
MT Basics
How bad is the crack
Though there is a definite slowdown in the property market across the country, the extent of the downturn is not uniform, governed as it is by local conditions. We conducted a survey across 16 cities to know the status on the ground. Pick your city to know what lies ahead in real estate.
Portfolio Doctor
Different styles, similar problems
Mumbai-based Jiya Yadav and Nagpur-based Sanjay Kumar have very different investment strategies.Yet, their portfolios suffer from common financial flaws.
