Why Indigenous Chit Funds are crying foul over Demonetization?

Why Indigenous Chit Funds are crying foul over Demonetization?

When we talk about the informal economy, we are not just talking about the unorganized wage and labour set-up, but another purely cash-driven business model – the Chit Funds business. Come to think of Demonetization of the ₹500 and ₹1000 currency notes, which is a super – duper move to discipline parallel and black economies; this is one sector that has taken a bleeding blow. The Chit fund business is part of both the organized and unorganized sector. It falls under the so called grey area of the financial system. While…

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Net Returns is all that matters – Asset Classes and Tax Implications.

Net Returns is all that matters – Asset Classes and Tax Implications.

As an investor it is imperative that you understand the different asset classes and its varied tax implications. It is true that every financial advisor you approach would talk about diversifying your investment portfolio and allocating your assets to a variety of asset classes depending on your risk profile and your short and long term financial goals. That’s enough of jargon talk. We’ll cut the finance babble and get to the point. First things first. Do you know how much you are taxed on your investments? Taxes make a big…

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Should you buy physical gold or gold ETFs?

Should you buy physical gold or gold ETFs?

Are you debating between buying physical gold and investing in paper gold schemes or ETFs? Anil Rego has the answer Let us begin with a fundamental question. Why are you buying either gold or gold schemes? Just as an investment to bear returns in the future? As jewellery, because you have a wedding or family occasion in the near future? As jewellery, because you will need it in the not so near future? You need to answer these questions before you proceed further. In case you are looking to buy…

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Festive Freebies – Real Estate, Gold and Consumer goods. Are you Buying or Investing?

Festive Freebies – Real Estate, Gold and Consumer goods. Are you Buying or Investing?

This festive season focus on Investing rather than Buying It’s all or no buying for us. Name a season and almost everyone in India follows the same code. No rationale or reason, because it’s just the season! People consider it auspicious to buy on Diwali and Dhanteras.  They believe that buying real estate or gold means invoking the blessings of Lakshmi – the Goddess of wealth. ‘Dhanteras’ means wealth and it is the season to simply bring wealth into our homes by purchasing gold, real estate or anything that you…

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Gift a Mutual Fund Investment this festive season

Gift a Mutual Fund Investment this festive season

What to Gift? A Made in China plastic toy or something to be cherished for many years in the future? The season is festive. Greetings are exchanged, families feted and friendships renewed. The ease of communication has brought a new dimension to the celebrations, sending a gift or a greeting – now the history, tradition and meaning of the festival is delivered by email or WhatsApp instead of being conveyed at the grandparent’s feet. Shopping, in a relatively prosperous generation, with access to the best of global goodies is simpler than…

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Diwali Shopping – Treat it like a planned Expense not an Exigency

Diwali Shopping – Treat it like a planned Expense not an Exigency

Diwali means a whole lot of things, and shopping for Diwali is inevitable. It is that time of the year we look forward to meeting friends and family, decorating our home, gifting one another, and treating our taste buds with every sweet and snack out in the market. Not many families set aside a budget for Diwali Shopping and those who do, stick to it rarely. Diwali is also a time when merchants and retailers fill the market with goods and offer attractive discounts on purchases. Gadgets and consumer durables…

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Planning to invest in debt? Here is how to structure your exposure

Planning to invest in debt? Here is how to structure your exposure

When other asset classes appear overheated or in risky zone or you want regular income, the best investment is to put your money in fixed income or debt instruments. However, a debt-instrument heavy investment portfolio is not always a healthy one since it would pull down the overall returns. If one hopes to beat inflation by a reasonable margin, one has to have a diversified portfolio with a fair sprinkling of equities, equity funds and commodities. So how much of this instrument is good in a normal investment portfolio and…

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Missed filing of taxes deadline? Here’s what you must know

Missed filing of taxes deadline? Here’s what you must know

If you have missed your tax filing deadline, there is not much to fret if your tax dues are fully paid, says Anil Rego Rajesh Ashar still cannot believe how he could have been so careless to have missed the filing deadline of taxes. In his 14 years of tax filing, this was the first occasion when he had missed on his tax filing deadline. The government had extended the tax filing deadline by a full month from July 31 to August 5. But the last 15 days before the…

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Knowing when to sell is the secret to profiting from the stock market

Knowing when to sell is the secret to profiting from the stock market

Stock Market trading can be tricky, timing is the key NEW DELHI: Rahul Senapati a software firm employee in Gurgaon had invested in a well known tech firm’s stock two and half years ago. Since then, however, the value of his investment has been trending down. Despite initial research, the share price began plummeting since the time he invested in it. Rahul’s dilemma is whether to hang on, weather the current situation and wait for his investment to turn better or sell now and cut his losses. Rahul is not alone….

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Tax Refund – It is a right. Why you need to know about it.

Tax Refund – It is a right. Why you need to know about it.

At the end of the financial year we are all dogged with thoughts about declaration of investments and keeping aside as much money as possible for tax deduction, and never flip our thoughts to the possibility of a tax refund. A tax rebate or tax refund is not something that everyone receives.  However, it is definitely something worth knowing about. An individual gets a tax refund when the tax liability or the amount of tax to be paid is lesser than the actual taxes paid. Does the possibility perplex you?…

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