@harleen That's quite interesting to know! Thanks a lot for giving nice ideas on saving and growing money. I have completed my studies and starting a career. Still a long way to go for reaching the financial planning part. Firstly, I need to establish myself and earn good enough. I'll definitely keep these points in mind.
Best posts made by Anmol
RE: How to Save and Grow your Money? Financial tips to follow
RE: Can you tell if your Financial Advisor is worth it?
@ishaantsingh013 We need to select a financial planner with utmost care. It's our hard earned money. So, going for a good financial advisor will surely help. I'll surely have a look at this app you are suggesting.
Any feedback on Which financial advisor is better? Any idea about Robo advisors, hearing a lot about robo advisory these days.
Paytm Money Stock Broking Services: Best Stock Brokers List in India to Grow
Paytm Money gets nod from SEBI to start offering stock broking services in India. Do you know that? This means, Paytm can give tough competition to the existing key players like Zerodha, 5paisa etc. in the stock broking world.
What do you think about this? Paytm money had already started offering mutual fund direct plans. And, further it's entering the In-app stock broking services.
After this big news, what Paytm money can offer you?
Paytm Stock Broking Services: Products Offered
Simply put, through Paytm Stock broking you will be able to invest and trade in:
Firstly, Paytm Money entered as a mutual fund platform and now into stock broking, there's surely going to be a lot of buzz around.
And yes, who will win the title of the best stock broker in India? The one with better products and impeccable services shall of course be the winner. For us, the stock brokers list is growing bigger with each passing day.
Of course, this all shall happen over the coming few months. Let's see how it goes!
Can Paytm Money become "A full stack wealth management firm" in India? Will it prove to be a real threat to other popular full service as well as discount brokers in India? What are your thoughts about this? Feel free to share.
What are Short term Debt funds in India? Meaning & Features
Here we discuss in brief about Short term debt funds, its meaning, features and objective to invest. Investment in the capital markets always exposes your capital to the risk of volatility. So, it is not suitable for those investors who depend on their savings for livelihood.
Short Term Debt Funds: Features
Short Term Debt Mutual Funds provide an alternative to traditional Fixed Deposits and Monthly Income schemes.
- Short term debt funds can offer higher returns and low volatility.
- These are also known as income funds.
- These fund invests in Govt. and companies debt instrument and money market instrument of shorter duration of maturity of up to 3 years.
- These are highly liquid debt instruments and also help the investors to fight inflation.
How Debt Funds work?
The fund generates its return from interest it receives from bonds and capital appreciation.
The bonds are traded at regular market and bond prices are affected by Interest Rates Risk i.e bond price and interest rate moves in opposite direction, credit risk, and inflation.
For example: If the interest rate falls in the economy, new debt instruments starts getting issued at newer rates less than previous rates. Then investors start to buy the old bonds which have high rates and the price of bond increases.
What's your take on Short term debt funds in India? There are so many investing instruments, one tends to get confused. So, be careful in planning your investments.
No DP (Demat) Charges on Zerodha Coin redemption of Mutual Funds
Hi all, Zerodha has recently waived off DP charges on mutual fund redemption. Is anyone an active Zerodha Coin user? Did you get a mail confirming this fee waiver?
Henceforth, the DP charge of Rs.5.5 per mutual fund redemption is no longer applicable. This seems to be a great move in favour of Zerodha Coin users.
Isn't it a great initiative for the investors? I really liked their gesture. I mean Zerodha is ready with sweet surprises for its customers.
Earlier, Coin platform was made free by waiving off monthly subscription charges of Rs.50 and now this big move. Zerodha is all set to give a very tough competition to other stock brokers and mutual fund platforms as well.
What is effect of Election on Stock Market in India? Real Impact
I was just reading about election news. A query came to my mind, does the election outcomes actually impact the stock markets? Or simply saying, do elections effect the stock market? Do equity market and election results have some co-relation? Can the sensex cross its earlier mark and set new records?
General elections occur every five years. And, elections in India are a big event for the Indian economy. So, is the election year different from other years as far as share market is concerned? How does politics affect the stock market?
It would be interesting to hear the views of our forum members on such a hot and trending topic. So, what are your views on the impact of elections on the Indian stock market? As an investor or trader, what precautions one needs to take during the election season? Feel free to share.
RE: How to open PPF Account online in SBI?
@Harleen PPF is a popular long term investment option in India. Since it has a lot of tax benefits, it is the most common investing alternative. May it be salaried individual or business owners, I have seen people putting money in PPF account.
This is indeed a good choice for investing our money and getting fixed safe returns on it. I think the PPF interest rate is 8% p.a. which is good enough.
Share any new manufacturing business ideas with medium investment in India?
Hi, can anyone share new manufacturing business ideas with medium investment in India. I am willing to start a new business. I have few ideas. I wish to put some investment as well. So, I was just trying to accumulate more such interesting business ideas to choose from.
Here goes my list of my favourite and unique manufacturing business ideas...
New manufacturing business ideas with medium investment in India:
- Personalised Gift Items
- Customised pillows
- Stylish Mobile covers
- Fancy file and paper folders
- Jam & Jelly making
- Pickle making
- Chocolate making
- Artificial Jewellery making
Of course, I can't do them all I'll pick up one only.
I know starting a manufacturing business is not that easy. A lot of effort needs to be added along with a good business idea. And, all the formalities and compliance to be done. But, I am ready for that. All I need is trying a new ideas with medium investment.
I am personally interested in Personal gift items idea. If you can put some more innovative thoughts to my manufacturing business ideas, it would be great. Feel free to add your opinions.
RE: What is full form of ELSS? Meaning
@Ishu Hi, thanks for sharing full form of ELSS i.e. Equity Linked Savings Scheme. ELSS used to be a good long term investment option in India. Is it still so?
The lock-in period is 3 years only. But, I think few things have changed .
The maximum tax deduction of 80C is Rs.1.5 lakhs only. So, if one invests in PPF, ELSS both the total amount that can be claimed including both these investment options can't exceed Rs.1.5 lakhs. This seems a bit less to me. If this limit is raised, we can save more taxes.
Moreover, the overall tax benefit on ELSS seems to have reduced since this is an equity linked saving scheme. With re-introduction of tax on equity, LTCG shall be applicable @10% on equity mutual funds above Rs.1 lakh that too without any indexation benefit. Hasn't this reduced the attractive tax benefit that ELSS gave earlier?
ELSS used to be a tax free investment previously, that was its biggest highlight. But, now it is not so.
Am I right in saying so? What do you think?