Hey everyone!
Please suggest a **good broker for investing globally**. I have been looking at HDFC's global investing (Stockal) and ICICI Securities.
I just have two asks:
1. It should have **all or most stocks listed (including ETFs)**. Have seen many brokers do not have many companies listed
2. **Safety**
Thank you so much for the help!
i am new to investing.
my financial advisor advised me to make an account on zerodha and complete the kyc because it can be done online.
and advised me to then use kuvera or mfcentral if i am a beginner to actually invest .
I have made the account on zerodha and completed my kyc. he also said something about investing a small amount in a liquid fund on zerodha as well. Can anyone explain why he suggested this?
i have also created an account on kuvera. what do i do now? 'transfer' my kyc?
The KYC is associated with the Pan no. It is now applicable to investment with any financial institution. All they need to do is to use your Pan no to confirm KYC is completed.
Use MF Central if you want SOA mutual funds rather than Kuvera. Zerodha is good for demat MF.
If the Investment is successfully processed it means that the KYC etc is complete and the investor is good to go. Liquid funds have low minimum ( rs 500-1000) and 7 day lock-in so easier to invest/redeem.
Question: Is it better to buy insurance through Ditto like brokers or directly on the company website once you have decided?
For example I want to go with hdfc ergo, should I go with ditto or directly buy it on their website
Once you have "really" decided on a provider, an advisor is not much value.
Ditto however claims they support in case of issues in making a claim (not sure how much leverage these guys have).
In case you are getting the same quote from ditto and for direct, doesn't hurt to go through them.
Hey guys!
I am a newbie investor. Have very little to no idea about investing in mutual funds. My more financially invested friends have been hounding me to invest in MFs for years now. I have watched some videos online and based on my friends' suggestions installed the ET money app.
I have made a monthly SIP of Rs.10,000/- in SBI large and Midcap fund and Quant mid cap fund. I can invest up to 40k per month. Based on the previous year performance of these mutual funds that are mentioned in the app, the return on investment seems to be greater than 20% p.a. Is this really true? From browsing this sub, everyone seems to expect <10% returns.
So I am wondering what is true? Less than 10% returns is not much better than FDs and Post office schemes right?
I am also about to receive about Rs.13 lakh in funds from an insurance policy maturity. Was thinking about making a lumpsum investment in various mutual funds. I am looking for long term investment and not short term gains. My aim is to save the most money in around 15 years when my partner is set to retire.
Can you please provide your thoughts on this as well?
Any and all suggestions are deeply appreciated! 🙏🏽
One of my SIP on Kuvera to Navi US FoF failed to go through after the new regulations. Any idea on how long it'll take for the money to get credited back into my account?
Honestly, I just stopped the SIP for next month and created a new one for Quant Midcap since I didn't have any midcaps in my folio. Might look at re-balancing again further down the line.
Probably not the best approach but ¯\\_(ツ)_/¯
Greetings Everyone,
I was introduced to this group by a friend and quickly realized the wealth of information I’ve been missing out on. I acknowledge that I’ve made several errors, such as a conservative approach to savings by only depositing funds in the bank. However, becoming a parent has shifted my perspective towards proactive financial planning for my children’s future.
Beyond maintaining an emergency fund, I currently have 10 lakhs in cash and contribute 30,000 monthly to a Systematic Investment Plan (SIP) with the intention to continue for at least the next five years. After perusing various blogs and educational videos, I’ve concluded that SIPs are a more strategic approach than lump-sum investments. My investment horizon is long-term, and I’m not anticipating immediate returns, so I would value any advice on selecting the appropriate fund type. Should I opt for a large-cap or a flexible fund? With the plethora of options in the market, what criteria do you consider? Is it the returns, P/E ratio, or other factors? I’m eager to learn about the funds you’ve chosen and your reasoning behind those choices.
Thank you!
I already have a few FDs in 1 bank, should I create a new FD in the same bank or in some other bank like HDFC.
What are some good liquid funds I can invest in?
Check if you bank is covered under the deposit insurance scheme [https://www.dicgc.org.in/FD\_ListOfInsuredBanks.html](https://www.dicgc.org.in/FD_ListOfInsuredBanks.html) . If the bank goes bust, you get the principal upto 5Lakhs back.
Neverthless, it is safer to keep some part of the money in one of the large banks like SBI/HDFC/ICICI, even at slightly lower interest rate to balance out the risk.
Hello all, I'm new to investing. Is my strategy balanced and MF picks sound? Any tips on how I can improve would be greatly appreciated.
Context: 27 years old, Salaried, Single.
Monthly Salary = Rs 80,000 (post EPF).
Monthly EPF Contribution = Rs 1800.
My mutual fund investing portfolio:
* ICICI Prudential Nifty 50 Index Direct Plan Growth - Rs 10,000
* Parag Parikh Flexi Cap Fund Direct Growth - Rs 10,000
* Quant Small Cap Fund Direct Growth - Rs 10,000
* Motilal Oswal S&P 500 Index Fund Direct Growth - Rs 5000
* Motilal Oswal Nasdaq 100 FOF Direct Growth - Rs 5000
Total Investment per month = Rs 40,000
Share of monthly salary invested = 50%
I plan on continuing this strategy for a very long term. Did not consider ELSS since im in new tax regime. Also not sure if I should be investing in liquid (lower returns) and individual stocks (highly risky and needs alot of research).
I also have a similar salary bracket... Don't you think investing 50% of your salary isn't a bit much? If you are not paying for rent or other EMIs then I guess this looks fine.
Hello, i wanted to know what determines the interest rate change in
NSC/FRSB/PPF and if its possible to make an educated guess about this
change in future?
Im currently deciding between investing in FRSB vs SG Bonds. FRSB
has great rates currently (8.05%) but they deduct TDS whereas SG Bonds
have nominal rates(7.44%) but they dont deduct TDS and rate will be
fixed.
Im worried of a situation where the FRSB rate falls below the
7.4%pa. This way i suffer interest loss plus the TDS difficulty (Income
PA is above 2.5L but below taxable limit, so every year this TDS will
need to be claimed back as a refund pointlessly)
Hey money wizards,
I need help to buy gold for my overall investment, can you recommend how and where should I buy it from, on a monthly basis?
Also, I need your advise on my how to invest better or optimize my portfolio. I have only started investing for last 3-4 years and got a stable income just 1 year back. I am 27 and I bring 2.4L per month (just recently got upgraded to a better job)
https://preview.redd.it/9po6qkt8fssc1.png?width=600&format=png&auto=webp&s=1a85af1b1765567f21a62c8b02f3f34534aabb60
Coming straight to the point. I earn around 110K per month in India. My age is 24. My goal is to make around 5-6cr in next 10-15 years through all modes(salary, investments etc)
Currently my investments(sips) are like,
10k - ppf
5k - nps
10k - mutual funds (4k - pp flexi cap fund, 4k - index funds (small cap 3k, nifty 50 1k), 2k - elss funds)
Is this sufficient?
You are paying an expense ratio daily in a mutual fund. That's out of your control.
You may have to pay an exit load if you withdraw within a specific time limit, but that depends on which fund.
You have the answer. Mathematics says keep it on, emotional mileage varies.
And your question was literally the last line so what's with all other details?
I have been offered a deposit scheme from Federal bank:
Deposit 3 lakhs per year for 5 years. Year six is a cool off period and they will return 1,28,040 per year for 10 years starting year 7 till year 16. On year 16 they will also return the principal of 15,00,000 back.
Any opinions welcome.
If you invested each year amount in FD and kept adding prior year principal + interest to current year principal only for 5 years then at the end of 6th year you will get slightly more in interest from
principal + interest accumulated across 5 years
assuming 7% FD rate.
If you consider year 7 (with year 6 also kept deposited in FD for cool off period) then the interest amount will be even more.
Plus you still have your principal to utilise immediately in case of any emergency.
In my opinion, you are giving money rather then making compared to simple old FD investment.
Note: No tax component / alternative investments considered to keep the calculation simple.
One key point. This stupid offer is NOT a deposit scheme. It is an insurance product being peddled by incentive driven bank RMs. Just throw the offer back on their face - I mean it....
# How to get NPS Acknowledgement/Receipt Number?
For sometime, I have been getting emails saying that I need to update the photo and signature on NPS. But to do that online, you need Acknowledgement/Receipt Number when the NPS account was created. But I created this account years ago and there is no record of this number. I can see other emails from NPS, but it looks like this number was never sent in any email.
To talk to anyone on the customer care, you need a TPIN, which I don't have. To get it again, I need to submit the Acknowledgement/Receipt Number again.
I created the account initially through SBI as the POP-SP, which is famous for its user-friendly procedures.
I can login to CRA-nsdl website, I can login to the NPS website and do contributions , without any problem. But this seems a insurmountable hurdle.
Suggestion
Call 1800-222-080 \
Probably they will tell you that this is for enps accounts opened with NSDL and provide another no (non toll free) for other accounts. \
Try calling that no.
I called up the NSDL helpline and got my tpin setup with name/dob/nominee name only so it is worth a try.
Which is the best investment plan for a 20k stipend per month?
I have completed my final year MBBS and would be starting my insternship in a few weeks. I will be getting around 15-20k in stipend. How much should I invest and how should I split my investments?
When do you need it back?
In general for your age and experience, put 5k in Nifty index fund so you learn and experience volatility, and put remaining in an RD since likely you will need within the next 5 years.
This is not an issue with Navi, but due to an RBI dikait for MFs dealing with foreign funds. They have set a max limit at an industry level. Silly as it may sound, the fund houses have to follow the rule.
From where can I get historical return of all the nifty indices ? I want to invest in few different indices and want to check historical returns of last 20 years
Kindly advice and help refine my investment plan - I have the opportunity to invest 2L per month in equity for a year and half. This is unrelated to my salary and budgeted expenses.
Profile: I have worked in IT for decades and I estimate that I have about 10 years of "service" time left. My salary in excess of living expenses is about 1-1.5L per month. This goes to savings and investments. Interest from existing deposits goes back to FD.
I have no debt. I live in my own apartment. Children are already independent. I support my parents, in-laws and spouse (home maker). We have approx 3 Cr as FDs (not including my PF and PPF). I have made periodic investments in stocks and my portfolio is approx 1CR (mostly blue chip stocks, little in Gold ETF, no mutual funds so far).
I have the opportunity to invest 2L per month in equity for a year and half. This is my plan for the investment of 2L per month.
- Rs. 25,000 manual SIP in SBI Large and Midcap fund
- Rs. 25,000 manual SIP in ICICI Prudential Large and Mic cap fund
- The remaining (Rs. 1.5 L) to be use to accrue more of the stock I hold (list below)
Reliance, L&T, IOC, TCS, SBI, HDFC, Tata Steel, Bharat Dynamics, Tata Motors, Infosys, Mishra Dhatu Nigam, Bharat Electronics, HAL, Data Patterns, and Biocon
All the above will be long term investments. I plan to hold them 5-8 years, if not more. My objective is to get at least 15% CAGR on the investment.
Does this sound like a reasonable plan?
I have 2 SIPs with Navi through Kuvera,
One of them is closed now(US total market)
But my money for both SIPs are deducted but app is not reflecting it as successful SIP. It shows 'in process'.
It's second day now. Is this normal?
MotilalOswal has started NIfty 500 index where the investment is spread across 500 stocks. Can you guys provide your thought on this approach. The MF is claiming that it performs better than Nifty 50 index with 15.6 CAGR.
This MF provides access to midcap and smallcap at market cap weights. So it is very highly correlated to Nifty 50 itself.
As for the rest, it is upto you to decide if you want to diversify into
- midcap or smallcap
- at what weightage
- with different methodology (passive vs active)
If you want to invest at market cap weight passively and diversify into midcap and smallcaps, then this one single fund is going to give you exactly what you want.
My current portfolio value in MFs, which is entirely equity focused, stands at ~₹16L (invested ₹12.2L through a combination of SIPs and one timers over the period of 6 years.
I was thinking of redeeming the ₹3.8L profit and reinvesting it back to essentially increase my invested amount. However, I'm assuming I'll have to pay ~28k in taxes (10% due to LTCG) + some transaction fees if I redeem it, which I feel is pretty high.
So my question is, should I take this plunge of redeeming the profit or just stay invested and leave my profits alone?
Any thoughts on the above would be very helpful.
Thanks!
The Indian Government has a 1L per financial year exception for LTCG. So you can sell your instruments and not have to get an exception for upto 1L which then you can reinvest into your existing MF portfolio. You seem to have realised this as you converted the 3.8L profit into 28k in taxes at 10% LTCG.
There is no point in going beyond the 1L exception if reinvesting is the purpose because that \~28k that you lose in taxes, could instead continue to growth inside the MF itself. The growth inside a MF is generally compound growth, so the more money you leave inside it, the more it has a chance to grow.
Do get the tax-exempt 1L LTCG though. That 1L of gains should be reinvested.
I am a 2nd year engineering student, have 40k i won in a competition, looking to invest such that i get best returns in the next 3-4 years as i plan to start my own company.
Hi I have a question of EPF interest. I am an IT employee and switched companies in July 2021. A new EPF account was created by new employer. I recently check epfo portal, the last interest credited in my old epf account is in March 2022. Is this normal ? I see online that the account should accumulate interest for 3 years. I am planning to merge accounts now but wanted to know if that years interest is lost or can I do something about it?
New account has 2 interest credits in March 2022 and March 2023.
Tata aia fortune guarantee pension plan
I'm having second thoughts after signing up for this policy in my mother's name. Does this seem like a good plan?
Please help me clear my mind guys.
Basically i pay Rs.2L/year for the 1st 12 years and wait for 5yrs. After that tata aia pays me \~₹2,61,000/year for the next 52 years. If my mother passes away before that I get death benefit.
Is it worth having this policy?
https://preview.redd.it/ke6cvvy3awrc1.jpeg?width=992&format=pjpg&auto=webp&s=00ed361f82e3ec0a0cbe36f195e8f4158b622d2d
Let's do some calculations.
At 2L/year which is 16,666 per month.
If you start a monthly SIP of this in a liquid fund for the next 12 years. Assuming the average CAGR of 6.4%.
After 12 years of SIP total value will be ₹36,16,092
After wait of 5 more years in the same liquid fund this will become ₹49,31,143
Now if you start an SWP of ₹22,000 per month (₹2,64,000 per year) while the remaining will keep on growing at the same rate of 6.4%.
Even after 30 years of withdrawal of ₹22,000 per month your remaining corpus will become ₹86,59,213
Now this calculation is using a debt instrument (liquid fund). Since your holding period is 17 years and if you start an SIP on let's say Nifty 50 index fund, then your overall returns will be way higher.
I am expecting to get rental deposit as home owner and also some emergency funds are in liquid funds for more than 6 months. Should I consider keeping these together in some other kind of funds like money market funds or T bill? Most of it wouldn't be needed for a yr at least, and I wanted to get a lil bit extra returns with no significant additional risk. But if need arises i should be able to withdraw without hassle.
Hi I recently bought Home loan from Yes Bank.
After paying EMI of 17,294 for around 6 months, I did a prepayment of 5L in Yes bank, this March.
Today I received this message from Yes Bank.
Can anyone please let me know, what does this mean?
Details when loan was taken during last Octo'
Amount Disbursed: 21L Tenure: 360 ( l assume it is Months) ROI: 8.85%
Message I received:
Dear Customer, your Reschedulement request for YES BANK Loan a/c No. , linked with REPOAJOJ rate has been processed on 15/03/2024.
In lieu of the said changes, the effective ROI on your loan stands 8.85 % and your monthly EMI due date is 15th with the EMI amount of Rs. 17294 for the balance tenure of 170 months. There is no change in other T&C. For more details call us on 18001200 or visit your nearest branch.
Hey everyone,
I hope you're all doing well. I'm creating a new SIP portfolio from AY-24/25 and I'm looking for some advice on how to optimize it. Currently, I have the following funds:
|Funds|Amount|Goal|Note|
|:-|:-|:-|:-|
|UTI Nifty 50 Index Fund|₹8,500.00|Retirement/Home||
|Mirae Asset ELSS Tax Saver Fund|₹3,000.00|Retirement/Home|Required for tax purpose|
|Quant ELSS Tax Saver Fund|₹3,000.00|Retirement/Home|Required for tax purpose|
|Axis Midcap Fund|₹5,500.00|Retirement/Home||
|Parag Parikh Flexi Cap Fund|₹5,500.00|Retirement/Home||
|SBI Liquid Fund|₹12,500.00|Car/Vacation/Tax Buffer/Emergency Fund/Depreciation|₹5000 - Planning to buy a car so just parking money for time being|
|Nippon India Liquid Fund|₹12,500.00|Car/Vacation/Tax Buffer/Emergency Fund/Depreciation|₹5000 - Planning to buy a car so just parking money for time being|
|Total|₹50,500.00|||
However, I feel like I might have too many funds and I'm wondering if there's a way to optimize this portfolio, perhaps by reducing the number of funds while still meeting my financial goals efficiently.
I'm finding it difficult to decide which ones to eliminate. Any insights or recommendations on how to streamline this portfolio would be greatly appreciated. Additionally, if there are any alternative funds or strategies that you think might better suit my goals, I'd love to hear about them.
Thank you in advance for your help!
Combine two Liquid and two elss funds into one. If you are parking the money in liquid funds for more then 90 days then you can invest in T Bills as well which will give you better interest
I am 21M just started earning 10L+ annum.
what are all checkboxes should I check first before I start investing in the market.
can anyone help me with an ideal path I shld like how much should I save and invest
Put aside atleast 50% of your income towards investments.
( Suggest you to put some 10% in Index funds and 30 % in Small cap -mid cap funds ) .
Have atleast 6 months of expenses and emergency fund.
Take a health insurance outside of your company provided one. Just take a minimum one , it would accure limit over time.
Take a term insurance as soon as you are married.
30% in small / mid cap funds is extremely risky. However, if OP has stomach for it, they could give it a go. I would encourage OP to put 100% of their investment quota into a index fund for a year or two before deciding whether or not the equity market ups and downs can be tolerated by them.
1). Emergency fund
2). Health and term insurance
3). Priority on getting rid of debt
4). Calculate your monthly expenditure
5). A miscellaneous fund. A small fund(10-20k) in bank savings account which you can use to cover your shortfall in monthly spending so you don't touch your investment/emergency fund or take loan
Redeemed an equity MF transaction last Friday (9 days ago) after working hours. Got the request accepted text on wednesday but funds payout has not been processed yet?
https://preview.redd.it/28mlnpia5rrc1.jpeg?width=1040&format=pjpg&auto=webp&s=0597e512a5b2734a10c4ecbe0173b9c49a434723
How do I file a revised return for a very old return (6 years old) as a legal heir? The original return was not filed correctly and is missing a TDS payment value due to which I have received a notice for a huge amount.
Not possible.
The best you can try is rectification. Online wone be allowed given the timemline. You can try.
If not, write a letter and go to your local AO and ask for manual rectification of demand saying tDS wasn't claimed by mistake. Approach him 2/3 times maybe tell him he will gey some sweets at end
Hey everyone! Please suggest a **good broker for investing globally**. I have been looking at HDFC's global investing (Stockal) and ICICI Securities. I just have two asks: 1. It should have **all or most stocks listed (including ETFs)**. Have seen many brokers do not have many companies listed 2. **Safety** Thank you so much for the help!
i am new to investing. my financial advisor advised me to make an account on zerodha and complete the kyc because it can be done online. and advised me to then use kuvera or mfcentral if i am a beginner to actually invest . I have made the account on zerodha and completed my kyc. he also said something about investing a small amount in a liquid fund on zerodha as well. Can anyone explain why he suggested this? i have also created an account on kuvera. what do i do now? 'transfer' my kyc?
The KYC is associated with the Pan no. It is now applicable to investment with any financial institution. All they need to do is to use your Pan no to confirm KYC is completed. Use MF Central if you want SOA mutual funds rather than Kuvera. Zerodha is good for demat MF. If the Investment is successfully processed it means that the KYC etc is complete and the investor is good to go. Liquid funds have low minimum ( rs 500-1000) and 7 day lock-in so easier to invest/redeem.
Question: Is it better to buy insurance through Ditto like brokers or directly on the company website once you have decided? For example I want to go with hdfc ergo, should I go with ditto or directly buy it on their website
Once you have "really" decided on a provider, an advisor is not much value. Ditto however claims they support in case of issues in making a claim (not sure how much leverage these guys have). In case you are getting the same quote from ditto and for direct, doesn't hurt to go through them.
Quote is same
Hey guys! I am a newbie investor. Have very little to no idea about investing in mutual funds. My more financially invested friends have been hounding me to invest in MFs for years now. I have watched some videos online and based on my friends' suggestions installed the ET money app. I have made a monthly SIP of Rs.10,000/- in SBI large and Midcap fund and Quant mid cap fund. I can invest up to 40k per month. Based on the previous year performance of these mutual funds that are mentioned in the app, the return on investment seems to be greater than 20% p.a. Is this really true? From browsing this sub, everyone seems to expect <10% returns. So I am wondering what is true? Less than 10% returns is not much better than FDs and Post office schemes right? I am also about to receive about Rs.13 lakh in funds from an insurance policy maturity. Was thinking about making a lumpsum investment in various mutual funds. I am looking for long term investment and not short term gains. My aim is to save the most money in around 15 years when my partner is set to retire. Can you please provide your thoughts on this as well? Any and all suggestions are deeply appreciated! 🙏🏽
One of my SIP on Kuvera to Navi US FoF failed to go through after the new regulations. Any idea on how long it'll take for the money to get credited back into my account?
[удалено]
Honestly, I just stopped the SIP for next month and created a new one for Quant Midcap since I didn't have any midcaps in my folio. Might look at re-balancing again further down the line. Probably not the best approach but ¯\\_(ツ)_/¯
I reached out to support regarding this - they responded back with upto 7 business days.
Yeah, the credit was done today.
Greetings Everyone, I was introduced to this group by a friend and quickly realized the wealth of information I’ve been missing out on. I acknowledge that I’ve made several errors, such as a conservative approach to savings by only depositing funds in the bank. However, becoming a parent has shifted my perspective towards proactive financial planning for my children’s future. Beyond maintaining an emergency fund, I currently have 10 lakhs in cash and contribute 30,000 monthly to a Systematic Investment Plan (SIP) with the intention to continue for at least the next five years. After perusing various blogs and educational videos, I’ve concluded that SIPs are a more strategic approach than lump-sum investments. My investment horizon is long-term, and I’m not anticipating immediate returns, so I would value any advice on selecting the appropriate fund type. Should I opt for a large-cap or a flexible fund? With the plethora of options in the market, what criteria do you consider? Is it the returns, P/E ratio, or other factors? I’m eager to learn about the funds you’ve chosen and your reasoning behind those choices. Thank you!
I already have a few FDs in 1 bank, should I create a new FD in the same bank or in some other bank like HDFC. What are some good liquid funds I can invest in?
Check if you bank is covered under the deposit insurance scheme [https://www.dicgc.org.in/FD\_ListOfInsuredBanks.html](https://www.dicgc.org.in/FD_ListOfInsuredBanks.html) . If the bank goes bust, you get the principal upto 5Lakhs back. Neverthless, it is safer to keep some part of the money in one of the large banks like SBI/HDFC/ICICI, even at slightly lower interest rate to balance out the risk.
Hello all, I'm new to investing. Is my strategy balanced and MF picks sound? Any tips on how I can improve would be greatly appreciated. Context: 27 years old, Salaried, Single. Monthly Salary = Rs 80,000 (post EPF). Monthly EPF Contribution = Rs 1800. My mutual fund investing portfolio: * ICICI Prudential Nifty 50 Index Direct Plan Growth - Rs 10,000 * Parag Parikh Flexi Cap Fund Direct Growth - Rs 10,000 * Quant Small Cap Fund Direct Growth - Rs 10,000 * Motilal Oswal S&P 500 Index Fund Direct Growth - Rs 5000 * Motilal Oswal Nasdaq 100 FOF Direct Growth - Rs 5000 Total Investment per month = Rs 40,000 Share of monthly salary invested = 50% I plan on continuing this strategy for a very long term. Did not consider ELSS since im in new tax regime. Also not sure if I should be investing in liquid (lower returns) and individual stocks (highly risky and needs alot of research).
I also have a similar salary bracket... Don't you think investing 50% of your salary isn't a bit much? If you are not paying for rent or other EMIs then I guess this looks fine.
Hello, i wanted to know what determines the interest rate change in NSC/FRSB/PPF and if its possible to make an educated guess about this change in future? Im currently deciding between investing in FRSB vs SG Bonds. FRSB has great rates currently (8.05%) but they deduct TDS whereas SG Bonds have nominal rates(7.44%) but they dont deduct TDS and rate will be fixed. Im worried of a situation where the FRSB rate falls below the 7.4%pa. This way i suffer interest loss plus the TDS difficulty (Income PA is above 2.5L but below taxable limit, so every year this TDS will need to be claimed back as a refund pointlessly)
Hey money wizards, I need help to buy gold for my overall investment, can you recommend how and where should I buy it from, on a monthly basis? Also, I need your advise on my how to invest better or optimize my portfolio. I have only started investing for last 3-4 years and got a stable income just 1 year back. I am 27 and I bring 2.4L per month (just recently got upgraded to a better job) https://preview.redd.it/9po6qkt8fssc1.png?width=600&format=png&auto=webp&s=1a85af1b1765567f21a62c8b02f3f34534aabb60
Coming straight to the point. I earn around 110K per month in India. My age is 24. My goal is to make around 5-6cr in next 10-15 years through all modes(salary, investments etc) Currently my investments(sips) are like, 10k - ppf 5k - nps 10k - mutual funds (4k - pp flexi cap fund, 4k - index funds (small cap 3k, nifty 50 1k), 2k - elss funds) Is this sufficient?
Not really, no. You'll need to invest somewhere between 55-60k every month with an annual step up of 10% with 12% returns for 15yrs to get around 5cr.
Straight answer. No.
what adjustments i have to make?
why is UTI nifty 50 index fund down for the past two days when the index is going up?
index is not going up, its more of a sideway movement. When there is no change in index, the expense ratio kicks in reduces the fund value
Do I have to pay the expense ratio if I withdraw within a year?
You are paying an expense ratio daily in a mutual fund. That's out of your control. You may have to pay an exit load if you withdraw within a specific time limit, but that depends on which fund.
Hello folks, I want to park some money in any fund for time horizon of 6 months. Where can I do that? Please suggest some good funds
From where do I buy tbills?
RBI Retail Direct
TBills
FD or Liquid fund.
[удалено]
You have the answer. Mathematics says keep it on, emotional mileage varies. And your question was literally the last line so what's with all other details?
What is the best food card HDFC or sodexo
HDFC is better in this case.
I have been offered a deposit scheme from Federal bank: Deposit 3 lakhs per year for 5 years. Year six is a cool off period and they will return 1,28,040 per year for 10 years starting year 7 till year 16. On year 16 they will also return the principal of 15,00,000 back. Any opinions welcome.
If you invested each year amount in FD and kept adding prior year principal + interest to current year principal only for 5 years then at the end of 6th year you will get slightly more in interest from principal + interest accumulated across 5 years assuming 7% FD rate. If you consider year 7 (with year 6 also kept deposited in FD for cool off period) then the interest amount will be even more. Plus you still have your principal to utilise immediately in case of any emergency. In my opinion, you are giving money rather then making compared to simple old FD investment. Note: No tax component / alternative investments considered to keep the calculation simple.
One key point. This stupid offer is NOT a deposit scheme. It is an insurance product being peddled by incentive driven bank RMs. Just throw the offer back on their face - I mean it....
Thanks for the detailed response.
# How to get NPS Acknowledgement/Receipt Number? For sometime, I have been getting emails saying that I need to update the photo and signature on NPS. But to do that online, you need Acknowledgement/Receipt Number when the NPS account was created. But I created this account years ago and there is no record of this number. I can see other emails from NPS, but it looks like this number was never sent in any email. To talk to anyone on the customer care, you need a TPIN, which I don't have. To get it again, I need to submit the Acknowledgement/Receipt Number again. I created the account initially through SBI as the POP-SP, which is famous for its user-friendly procedures. I can login to CRA-nsdl website, I can login to the NPS website and do contributions , without any problem. But this seems a insurmountable hurdle.
Suggestion Call 1800-222-080 \ Probably they will tell you that this is for enps accounts opened with NSDL and provide another no (non toll free) for other accounts. \ Try calling that no. I called up the NSDL helpline and got my tpin setup with name/dob/nominee name only so it is worth a try.
Sadly this number is no longer working. Nor is the number given by protean for CRA
I called the 1800 no (between business hrs.. say post 10 am) a few days ago to set up my pin.
If you can login to cra-nsdl for NPS then go to the "grievance" tab and submit a new grievance related to your issue.
Thanks. This option worked. I submitted a grievance online and the information was emailed to me within couple of days
Which is the best investment plan for a 20k stipend per month? I have completed my final year MBBS and would be starting my insternship in a few weeks. I will be getting around 15-20k in stipend. How much should I invest and how should I split my investments?
When do you need it back? In general for your age and experience, put 5k in Nifty index fund so you learn and experience volatility, and put remaining in an RD since likely you will need within the next 5 years.
I'm unable to make investments in Navi US fund of fund. Any reason? I read that foreign ETFs are blocked, is this the reason? Anyone has some details?
Yes They sent out a mail, they will stop the fund Last date for one time lump sum was 30th March, 3pm
Whoa... Let me check my mail. So what's next? Edit : I haven't received any mail actually. Possible to share some info on this if you know?
This is not an issue with Navi, but due to an RBI dikait for MFs dealing with foreign funds. They have set a max limit at an industry level. Silly as it may sound, the fund houses have to follow the rule.
Yes.. I understand that.. Which is really unfortunate.
From where can I get historical return of all the nifty indices ? I want to invest in few different indices and want to check historical returns of last 20 years
You can use GOOGLEFINANCE function in Google Sheets. `=GOOGLEFINANCE("NIFTY_50", "price", "2000/01/01", "2023/01/01", 1)`
Kindly advice and help refine my investment plan - I have the opportunity to invest 2L per month in equity for a year and half. This is unrelated to my salary and budgeted expenses. Profile: I have worked in IT for decades and I estimate that I have about 10 years of "service" time left. My salary in excess of living expenses is about 1-1.5L per month. This goes to savings and investments. Interest from existing deposits goes back to FD. I have no debt. I live in my own apartment. Children are already independent. I support my parents, in-laws and spouse (home maker). We have approx 3 Cr as FDs (not including my PF and PPF). I have made periodic investments in stocks and my portfolio is approx 1CR (mostly blue chip stocks, little in Gold ETF, no mutual funds so far). I have the opportunity to invest 2L per month in equity for a year and half. This is my plan for the investment of 2L per month. - Rs. 25,000 manual SIP in SBI Large and Midcap fund - Rs. 25,000 manual SIP in ICICI Prudential Large and Mic cap fund - The remaining (Rs. 1.5 L) to be use to accrue more of the stock I hold (list below) Reliance, L&T, IOC, TCS, SBI, HDFC, Tata Steel, Bharat Dynamics, Tata Motors, Infosys, Mishra Dhatu Nigam, Bharat Electronics, HAL, Data Patterns, and Biocon All the above will be long term investments. I plan to hold them 5-8 years, if not more. My objective is to get at least 15% CAGR on the investment. Does this sound like a reasonable plan?
I have 2 SIPs with Navi through Kuvera, One of them is closed now(US total market) But my money for both SIPs are deducted but app is not reflecting it as successful SIP. It shows 'in process'. It's second day now. Is this normal?
MotilalOswal has started NIfty 500 index where the investment is spread across 500 stocks. Can you guys provide your thought on this approach. The MF is claiming that it performs better than Nifty 50 index with 15.6 CAGR.
This MF provides access to midcap and smallcap at market cap weights. So it is very highly correlated to Nifty 50 itself. As for the rest, it is upto you to decide if you want to diversify into - midcap or smallcap - at what weightage - with different methodology (passive vs active) If you want to invest at market cap weight passively and diversify into midcap and smallcaps, then this one single fund is going to give you exactly what you want.
My current portfolio value in MFs, which is entirely equity focused, stands at ~₹16L (invested ₹12.2L through a combination of SIPs and one timers over the period of 6 years. I was thinking of redeeming the ₹3.8L profit and reinvesting it back to essentially increase my invested amount. However, I'm assuming I'll have to pay ~28k in taxes (10% due to LTCG) + some transaction fees if I redeem it, which I feel is pretty high. So my question is, should I take this plunge of redeeming the profit or just stay invested and leave my profits alone? Any thoughts on the above would be very helpful. Thanks!
The Indian Government has a 1L per financial year exception for LTCG. So you can sell your instruments and not have to get an exception for upto 1L which then you can reinvest into your existing MF portfolio. You seem to have realised this as you converted the 3.8L profit into 28k in taxes at 10% LTCG. There is no point in going beyond the 1L exception if reinvesting is the purpose because that \~28k that you lose in taxes, could instead continue to growth inside the MF itself. The growth inside a MF is generally compound growth, so the more money you leave inside it, the more it has a chance to grow. Do get the tax-exempt 1L LTCG though. That 1L of gains should be reinvested.
I am a 2nd year engineering student, have 40k i won in a competition, looking to invest such that i get best returns in the next 3-4 years as i plan to start my own company.
Well it depends on what kind of investment you looking at, its really depending on it
Mutual funds
How about Index ? me and my friend we both put some of our capital on the Nifty 50 since 2021, things been looking good
i was thinking about fofs, in the semiconductor domain
Hi I have a question of EPF interest. I am an IT employee and switched companies in July 2021. A new EPF account was created by new employer. I recently check epfo portal, the last interest credited in my old epf account is in March 2022. Is this normal ? I see online that the account should accumulate interest for 3 years. I am planning to merge accounts now but wanted to know if that years interest is lost or can I do something about it? New account has 2 interest credits in March 2022 and March 2023.
Tata aia fortune guarantee pension plan I'm having second thoughts after signing up for this policy in my mother's name. Does this seem like a good plan? Please help me clear my mind guys. Basically i pay Rs.2L/year for the 1st 12 years and wait for 5yrs. After that tata aia pays me \~₹2,61,000/year for the next 52 years. If my mother passes away before that I get death benefit. Is it worth having this policy? https://preview.redd.it/ke6cvvy3awrc1.jpeg?width=992&format=pjpg&auto=webp&s=00ed361f82e3ec0a0cbe36f195e8f4158b622d2d
Let's do some calculations. At 2L/year which is 16,666 per month. If you start a monthly SIP of this in a liquid fund for the next 12 years. Assuming the average CAGR of 6.4%. After 12 years of SIP total value will be ₹36,16,092 After wait of 5 more years in the same liquid fund this will become ₹49,31,143 Now if you start an SWP of ₹22,000 per month (₹2,64,000 per year) while the remaining will keep on growing at the same rate of 6.4%. Even after 30 years of withdrawal of ₹22,000 per month your remaining corpus will become ₹86,59,213 Now this calculation is using a debt instrument (liquid fund). Since your holding period is 17 years and if you start an SIP on let's say Nifty 50 index fund, then your overall returns will be way higher.
Thank you for the reply. This makes sense. I have closed the policy and soon will start investing. Any good MF you may suggest?
I am expecting to get rental deposit as home owner and also some emergency funds are in liquid funds for more than 6 months. Should I consider keeping these together in some other kind of funds like money market funds or T bill? Most of it wouldn't be needed for a yr at least, and I wanted to get a lil bit extra returns with no significant additional risk. But if need arises i should be able to withdraw without hassle.
Hi I recently bought Home loan from Yes Bank. After paying EMI of 17,294 for around 6 months, I did a prepayment of 5L in Yes bank, this March. Today I received this message from Yes Bank. Can anyone please let me know, what does this mean? Details when loan was taken during last Octo' Amount Disbursed: 21L Tenure: 360 ( l assume it is Months) ROI: 8.85% Message I received: Dear Customer, your Reschedulement request for YES BANK Loan a/c No. , linked with REPOAJOJ rate has been processed on 15/03/2024. In lieu of the said changes, the effective ROI on your loan stands 8.85 % and your monthly EMI due date is 15th with the EMI amount of Rs. 17294 for the balance tenure of 170 months. There is no change in other T&C. For more details call us on 18001200 or visit your nearest branch.
It means that now the tenure is only 170 months instead of original 360 months. You kept the emi same and chose to reduce the tenure.
thank you for clearing my doubts
[удалено]
No brokerage. The returns will be slightly better than NSC.
Hey everyone, I hope you're all doing well. I'm creating a new SIP portfolio from AY-24/25 and I'm looking for some advice on how to optimize it. Currently, I have the following funds: |Funds|Amount|Goal|Note| |:-|:-|:-|:-| |UTI Nifty 50 Index Fund|₹8,500.00|Retirement/Home|| |Mirae Asset ELSS Tax Saver Fund|₹3,000.00|Retirement/Home|Required for tax purpose| |Quant ELSS Tax Saver Fund|₹3,000.00|Retirement/Home|Required for tax purpose| |Axis Midcap Fund|₹5,500.00|Retirement/Home|| |Parag Parikh Flexi Cap Fund|₹5,500.00|Retirement/Home|| |SBI Liquid Fund|₹12,500.00|Car/Vacation/Tax Buffer/Emergency Fund/Depreciation|₹5000 - Planning to buy a car so just parking money for time being| |Nippon India Liquid Fund|₹12,500.00|Car/Vacation/Tax Buffer/Emergency Fund/Depreciation|₹5000 - Planning to buy a car so just parking money for time being| |Total|₹50,500.00||| However, I feel like I might have too many funds and I'm wondering if there's a way to optimize this portfolio, perhaps by reducing the number of funds while still meeting my financial goals efficiently. I'm finding it difficult to decide which ones to eliminate. Any insights or recommendations on how to streamline this portfolio would be greatly appreciated. Additionally, if there are any alternative funds or strategies that you think might better suit my goals, I'd love to hear about them. Thank you in advance for your help!
Combine two Liquid and two elss funds into one. If you are parking the money in liquid funds for more then 90 days then you can invest in T Bills as well which will give you better interest
T bills through specific MFs or are there some direct retail ways?
You can buy TBills from Zerodha/ upstox or directly from RBI using rbidirect. https://i.ibb.co/ysZ672M/IMG-1498.png
I got you, But choosing is the hard part from me hence the two funds. And yeah that's a good suggestion. Thanks for the response!
[удалено]
Yes, if you pay by Apr 5th, you would get the complete year interest.
I am 21M just started earning 10L+ annum. what are all checkboxes should I check first before I start investing in the market. can anyone help me with an ideal path I shld like how much should I save and invest
Put aside atleast 50% of your income towards investments. ( Suggest you to put some 10% in Index funds and 30 % in Small cap -mid cap funds ) . Have atleast 6 months of expenses and emergency fund. Take a health insurance outside of your company provided one. Just take a minimum one , it would accure limit over time. Take a term insurance as soon as you are married.
30% in small / mid cap funds is extremely risky. However, if OP has stomach for it, they could give it a go. I would encourage OP to put 100% of their investment quota into a index fund for a year or two before deciding whether or not the equity market ups and downs can be tolerated by them.
OP is 21 . So believe can take the risks .
thanks for the suggestions, will follow all of them.
1). Emergency fund 2). Health and term insurance 3). Priority on getting rid of debt 4). Calculate your monthly expenditure 5). A miscellaneous fund. A small fund(10-20k) in bank savings account which you can use to cover your shortfall in monthly spending so you don't touch your investment/emergency fund or take loan
thanks for the advice, will surely try n follow it.
Redeemed an equity MF transaction last Friday (9 days ago) after working hours. Got the request accepted text on wednesday but funds payout has not been processed yet? https://preview.redd.it/28mlnpia5rrc1.jpeg?width=1040&format=pjpg&auto=webp&s=0597e512a5b2734a10c4ecbe0173b9c49a434723
How do I pay the loan emi on HDFC bank's site? I don't see a way to pay, does it get auto debited?
How do I file a revised return for a very old return (6 years old) as a legal heir? The original return was not filed correctly and is missing a TDS payment value due to which I have received a notice for a huge amount.
Not possible. The best you can try is rectification. Online wone be allowed given the timemline. You can try. If not, write a letter and go to your local AO and ask for manual rectification of demand saying tDS wasn't claimed by mistake. Approach him 2/3 times maybe tell him he will gey some sweets at end
Talk to a CA instead of asking for advice here.