Your money goals impacted due to Covid? Here’s a roadmap to get you to financial safety

THE ECONOMIC TIMES Tue, May 12, 2020 | 08:28 AM IST ET Wealth Newsletter

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Your money goals impacted due to Covid? Here's a roadmap to get you to financial safety Salary cuts, job losses are forcing many Indians to rethink their financial goals. In these uncertain and troubled times, here's where you should park your emergency corpus After a spate of bad news from financial markets, investors need to be cautious when it comes to protecting their emergency fund. Here are some options that an investor can look at for investing his emergency money. Podcast: You can pay your rent using a credit card. But should you? Housing portals allow you to pay your rent to your landlord using a credit card. You can also withdraw money from your credit card to pay your rent if you are short of cash. But should you take this route? Listen to the podcast to find out. It is a bad time for debt mutual funds, but it might be a good time to bet on arbitrage funds This is a good time to put money in arbitrage funds, considering the problems plaguing debt funds. ​​Here is a look why these funds are a good bet in the current volatile times. From our Partners ET Catalyse Virtual: The role of brand communication during a lockdown For investors, this is a time to pay special attention to corporate governance Whenever businesses and the economy falter, scams and scamsters tend to crawl out of the woodwork. Therefore, businesses having promoters even with slightly questionable practices should be looked at more than just normal suspicion. Pharma stocks are on a roll. Can they continue to outperform? The sector is seen as among the few that will not witness any demand-side disruptions as a result of the pandemic. However, certain concerns regarding the sector remain. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 8.22 -2.88 -14.80 -1.29 Invest Now Axis Bluechip Fund-Growth ★★★★★ 6.78 -4.07 -15.31 -1.44 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 4.68 -2.81 -12.86 0.98 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 3.43 -4.06 -13.45 0.83 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 2.09 -15.29 -21.98 1.24 Invest Now Why gold continues to attract investors Figuring in the top five investment options, gold is still preferred as jewellery, states a survey by WGC. Further, people are investing more in the yellow metal. Here is a look at the buying triggers, trends and what is prompting investors in this direction. Why estate planning is important Estate planning is typically linked to death. But 'when' and 'how' that event will strike are things that no one can choose or has control over. It is also a misconception that estate planning is only for high networth individuals.

FEATURED SLIDESHOWS

Saving money in the lockdown is a must but so are these 5 expenses 5 ways to ensure financial wellness during coronavirus How to cancel your mutual fund SIP instruction How to protect your privacy online in the coronavirus lockdown More Slideshows

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.

What to do if you lose your debit card Banks typically have zero liability policy to protect cardholders in case a card loss is not reported within the stipulated time. If the user reports about the loss within the stipulated time, the bank is legally mandated to protect him/her. The downside of saving consumers from oil price hikes Ad hoc increase in duties is a problem plaguing the sector. While customs, cess and excise duty hikes are levied by the central government, state governments impose value added tax (VAT). Hiking duty and not allowing OMCs to pass it on to consumers is a bad move. Coronavirus impact: Third of prospective homebuyers put purchases on hold, finds survey Almost every sector of the economy is impacted due to the coronavirus and the nationwide lockdown. A survey finds that 52% buyers want to postpone buying plans and that people want to spend less on buying property. Here are more findings from the survey. Govt to sell stake in companies held under SU-UTI. How should investors react? It is a good buying opportunity, but don't ignore the fundamentals of these scrips. Money and relationships: Spouse's addiction draining your wealth? Deal with it this way Excessive shopping, Internet addiction, gambling, drinking or drug abuse can damage both your physical and financial health, often irrevocably. Find out their impact and how to secure your financial future from these risks. Higher order of coexistence is needed between the four household segments of society It is not clear if the coronavirus-led crisis will show us the path to a higher order coexistence where we care and contribute. The goods and services we can offer to people around us hold the key to our income, its stability and our ability to build wealth. How EWMA scores over standard deviation to measure risk in stocks Sometimes, recent events have a more profound effect on the stock or asset returns. The coronavirus pandemic is an example. Since traditional standard deviation considers last year's data, the effect of the turmoil in the last three months may not be clearly visible. How Sensex, US dollar, 10-year G-sec performed during week ending May 7, 2020 Here is the weekly tracker of returns from Sensex, 10-year government bond and US dollar-INR. Find out how different types of investments fared. Realty hot spot series: A sought-after residential area in Pune Undri-Pisoli locality in Pune is close to major employment hubs and boasts excellent social infrastructure. There exists high demand for homes here. Here are other highlights that make Undri-Pisoli a real estate hot spot. Ayushman Bharat - PMJAY explained in 5 points The healthcare scheme is targeted at poor, deprived rural families and identified occupational category of urban workers' families. So, if we were to go by the Socio-Economic Caste Census (SECC) 2011 data, it will cover around 50 crore people. Estate planning queries: My father had a property in his name. Can his brother make a claim to this? Your uncle can get the property transferred in your expired father's name fraudulently but not legally. Assuming that you are from a Hindu family, your uncle is not considered as Class 1 legal heir and, thus, has no right to the property of your father.

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