Moneylife Foundation reaches another milestone. In the space of five years, Moneylife Foundation has gathered support of 30,000+ members, hosted over 230 events and is running five helplines. On 7th February, the Foundation will celebrate its fifth anniversary. Do register and join us to hear our chief guest Devendra Fadnavis, chief minister of Maharashtra, who will speak on good governance and how we, as citizens, can participate. This is one event you should not miss. Register online - moneylife.in/event/93.html
It’s tax-saving season, once again. While most savers flock to fixed-income products, such as public provident fund (PPF) and tax-saving bank fixed deposits, many are left confused, with around 15 tax-saving investments to choose from. In our Cover Story, we analyse the host of products available in detail and, consistent with our philosophy of ‘Less Is More’, we prune the list to just three tax-efficient products which you could consider. The three products will help you take full advantage of the Section 80C investment limit and two of them will deliver tax-free returns. The only caveat: your investment horizon should be long term. Hence, consider these products not for short-term goals, but towards savings for your retirement. Which are these three products? Turn to our Cover Story to find out.
With the Reserve Bank of India (RBI) allowing banks to act as insurance brokers, what does this mean for consumers? Sucheta, in her Crosshairs section, questions whether RBI will redress consumer grievances or will it pass them on to the insurance regulator, further harassing the customers. In her Different Strokes section, Sucheta discusses how the current debate on merging public sector banks, once again, ignores the consumer’s interest.
R Balakrishnan has another outstanding piece this time on stock investing. Many small- and mid-cap stocks are shooting up. What should you keep in mind, when you buy them?
As always, do write in with your suggestions and comments.