Retirement planning: How to maximise returns from EPF, NPS investments

THE ECONOMIC TIMES Tue, Jan 21, 2020 | 08:34 AM IST ET Wealth Newsletter

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Retirement planning: How to maximise returns from EPF, NPS investments In the dynamic retirement landscape, EPF and NPS are critical pillars of your retirement planning. 7 best stock trading strategies of 2019 ET Wealth back-tested 20 strategies to find out which of these delivered the highest returns for stock traders during 2019. Bollinger Bands, Commodity channel index, K-Band, and so on. Wealth Wisdom Podcast: How taxpayers can avoid excess TDS deduction from salary In this episode of ET Wealth Wisdom, we tell you about the tax-saving proofs you need to submit to your employer to avoid excess TDS being cut from your salary. Why you shouldn't bank on Budget 2020 to plan your investments Preparing for specific events is the worst way of planning one's investments, more so the Union Budget. There's a lot in investing that you cannot control. Instead of worrying, savers should focus on what is in their own hands. A quest to build spare parts for humans BioFabUSAaims to produce human organs like ligaments and tendons on a commercial scale. Bajaj Chetak's new traits For Chetak sales, Bajaj is banking heavily on the digital channel. This could provide a sneak peek into the new form of auto retail in India. While this means dealerships will save on manpower and infrastructure costs, reskilling employees for higher productivity will be the key. Goldman Sachs eyes China's financial market They are joining a rush by leading global asset managers to expand in China as the country steps up the opening of its $45 trillion financial market. From our Partners Everything about the most effective loan lending channel you must know Digitization has helped the common man achieve financial independence by obtaining affordable access to finance. From our Partners Why Term Insurance is crucial if you are Self Employed? ABC of CRZ: Lessons for homebuyers from the Maradu flats demolition The recent demolition of illegal apartment buildings in Kerala shows the risks homebuyers are taking in India. In addition to coastal regulation zone (CRZ) rules, there are several land usage rules that home buyers must be careful about. Can these deductions make you tax free? Different sections under the Income-Tax Act correspond to different savings or expenses, some of which are eligible for tax deductions and could be a great way to show that you are actually out of the taxable bracket. Here are 8 such deductions. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 21.16 21.68 11.87 0.00 Invest Now Axis Bluechip Fund-Growth ★★★★★ 19.62 20.27 11.23 -0.09 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 16.72 19.06 12.34 1.27 Invest Now Sundaram Select Focus Fund Regular-Growth ★★★★★ 16.04 14.90 9.04 0.39 Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 15.89 15.09 8.73 0.44 Start SIP FeaturedL&T India Large Cap Fund Direct-Growth ★★★★★ 12.83 16.37 8.74 0.67 Start SIP Want to know how much you need to invest to save tax? Use this calculator to find out Depending on the kind savings or expenditures you incur, under sections 80C and 80CCD1b of the Income-Tax Act, you are eligible for certain tax deductions. This calculator will help determine how much your investments can help you save tax. How to decide life insurance policy term You must ensure that you maximise the amount that you contribute towards building your retirement corpus. This will allow you to take a considered view, as to when your dependents will cease to be your dependents.

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When does your EPF become taxable? How much you withdraw and when you withdraw from the Employee's Provident Fund determines how much TDS will be levied on the same. Here are five common scenarios and the tax implications on them. When can you prematurely withdraw from EPF? You may make early withdrawals from your EPF under certain scenarios. If at all there is an emergency and you need the funds, here is all you need to know about the specific conditions when you can withdraw from your PF. Before you spend, ask if the purchase will jeopardise your wealth and income Hierarchy is there for every spending decision. A basic second-hand car or the luxury model; a simple oneroom apartment or the 6-bedroom penthouse; the lunch at Mani's or the menu at the Taj; the list can encompass all spends. 9 reasons you are unable to build a big investment corpus If you are just not saving up, know that it is not because you have a low salary. Poor spending habits, flawed notions about investing, or plain ignorance and laziness are more likely to be the reasons you are unable to build a big corpus. Zen and the art of career management Zen is the English form of the Japanese pronunciation of the Chinese word Chan, which is derived from the Sanskrit Dhyana. Zen as a school of Buddhism focusses on attaining insights and applying them. Here's how to apply insights from these concepts. Realty hot spot series: Find homes to suit every budget in this Bengaluru locality Residential options across all budget segments is a key growth driver of this Bengaluru locality. The locality is easily accessible from key employment hubs. Properties here are priced between Rs 4,200 per sq. ft and Rs 8,400 per sq. Stock pick of the week: Why analysts are bullish on Bharat Electronics There is clear visibility about the future earnings of Bharat Electronics as its order book is placed at Rs 56,000 crore, around five times its annual revenues. The recent correction has brought down the valuation of the company to attractive levels. How Sensex, gold, 10-year G-sec performed during week ending January 16, 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. How to set up SIP investments in mutual funds, stocks, recurring deposits The most popular route of systematic investment is in a mutual fund. The investor needs to fill up a mutual fund investment form along with KYC form and supporting KYC documents. Investment details such as scheme name, option, etc. 5 important things to know about a term loan The interest rate would depend on factors like the riskiness of the project, amount of loan, credit history of the borrowing firm and structure of the debt. Family finance: Bhardwaj can reach all goals on time with existing savings, investments Since Bhardwaj was in a high-paying foreign job for several years, he managed to build a big portfolio without loans, but returned to India a few years ago. His goals include building an emergency corpus, saving for his children's education, weddings. Bet on quality mid-caps and firms that don't have debt: Sundeep Sikka, Nippon India Mutual Fund "The mid-caps and small-caps have been on the receiving end for the past two years and they are looking attractive now. I think 2020 will be the year, when the beaten down mid-caps and small-caps will do well," says Sikka.

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