ELSS Saves Tax And Makes You Rich

ELSS Saves Tax And Makes You Rich

Heard this great saying by former US President Richard Nixon? “Make sure you pay your taxes; otherwise you can get in a lot of trouble.” Sampath a young 28 year old man, works in an IT firm in Bengaluru. He had never heard of Richard Nixon, but he knew he had to pay taxes. Sampath earned Rs 12 Lakhs a year. This salary meant he paid a lot in taxes, as he never bothered to do tax planning. He grumbled, he cursed, but he paid his taxes.  All this changed…

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Mutual Funds Better Than FD?

Mutual Funds Better Than FD?

Mahesh is 31 years and works as a lecturer in a top private college. He is well paid and earns Rs 13 Lakhs a year. Mahesh has always invested in FDs and the reason is simple. FDs are safe and offer decent interest. Mahesh stays far away from mutual funds as he believes they invest in stocks making them extremely risky. Is Mahesh Right? Do mutual funds only invest in stocks? When you say mutual fund, the first thing that come to mind is the Equity Mutual Fund. Mutual funds…

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Loan Against Mutual Funds

Loan Against Mutual  Funds

There are times in life when you just have to take loans- for a medical emergency, a marriage or a much-needed holiday. You would most likely avail a personal loan which charges high interest and struggle with EMI repayments. This is exactly what happened to Shankar, a 28 year old man, who took a personal loan to go on a holiday. Shankar a young man had dreams. He lived in the southern part of India, in a town in Kerala. He was a teacher at a nearby school with a…

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ELSS vs Equity Diversified Mutual Funds

ELSS vs Equity Diversified Mutual Funds

Life is all about competition.  Who is the best? Are you good or is your friend better? There is competition even among personal finance products. While most personal finance products are good, which one would help meet financial goals. This is the call you have to make. This is a story of a fight between two friends, Satish and Suman. Not a physical fight, but an intense competition. Both of them were in their early thirties and worked in reputed IT Firms. They liked to compete with each other and…

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Review Your Portfolio Before Investment Decisions In A Bear Market

Review Your Portfolio Before Investment Decisions In A Bear Market

Vinay’s portfolio has taken quite a beating. He had purchased YES Bank at a price of around Rs. 450 per share about 8-9 months back. Today the share is hovering around Rs. 168. Sintex Plastics, which he had purchased in December 2017, has lost about 60% of its value. His portfolios largely comprised of midcap stocks, have lost 40-60% value from their peak. His stock portfolio was doing very well at one point, based on which he significantly increased his investments into stocks. Now, he is unsure as to what…

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Leveraging – Not A Good Idea Always

Leveraging – Not A Good Idea Always

Soham has been investing small amounts in the stock market for some time.  He had made good profits on some of the stocks invested at the beginning of the year 2018. He decided to increase his stake as he wanted to make more profits. But he did not have enough capital and so he borrowed Rs. 5,00,000 and invested in Indiabulls Housing Finance futures in June 2018. He bought 10 lots (500units – 1 lot)) of Indiabulls Housing Finance futures. His contract value was Rs. 6,00,000. Each unit cost Rs….

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Roles and Responsibilities of a Financial Advisor: Will it be helpful?

Roles and Responsibilities of a Financial Advisor: Will it be helpful?

Financial advisor usually creates and preserve the client information up to date and also they recruit new clients over the period of time. They also frequently discuss with the clients about their change in the status of their financial position. They are skilled in creating a liquidation plan which comprises priorities to be given and the timeline for the plan. These professionals select the type of service that should be provided and document in regard to the client. They also offer assistance in arranging finance for individuals as well as…

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Investment Strategies In the Falling Equity Market

Investment Strategies In the Falling Equity Market

Q. How do you make Rs.1 crore in the stock market? A. Invest Rs.2 crore in the stock market This witty riddle has resurfaced and is doing the rounds of social media and messages thanks to the current market situation in India. Experts think the market will remain volatile and there can be some more correction. But at the same time, many stocks in the top 100 companies in terms of market capitalisation are 10%-40% down. Stocks in different sectors such as banking, FMCG sector and auto have gone down….

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How are Stockbrokers Different from Financial Advisors?

How are Stockbrokers Different from Financial Advisors?

Financial advisors and stockbrokers put their efforts in the financial market but execute operations in different roles. Stockbrokers mainly concentrate on sales as well as the purchase of shares whereas the financial advisors assist people in making an investment in a proper way based on the financial conditions prevailing in the situation. Both the professions demand the individuals possess excellent communication with the clients and analytical skills. Stockbrokers offer guidance to the individuals to make trade concerning securities as well as commodities. A stockbroker possesses a continuous track of the…

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Factors Affecting Financial Planning: Some Ways and Solutions to Overcome it

Factors Affecting Financial Planning: Some Ways and Solutions to Overcome it

There are different obstacles that impact a person’s budgetary arranging, yet the accompanying is the most vital individual components, which will undoubtedly represent the issues raised in a financial plan. Spending pattern represents an individual whole money related life. The elements that a person spends outline the budgetary future they are bound to. At the point when individuals have a settled salary consistently, they do need to reconsider before spending it on superfluous things. They get acclimated to such a way of life, which may bring issues for them up…

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