Tuesday, November 25, 2014

Consolidated Account Statement for all Securities

About a year back, SEBI and AMFI had put in place a system so that you could periodically receive a Consolidated Account Statement (CAS) for all your mutual fund holdings.

This facility has now been extended. Henceforth, your consolidated account statement would... in addition to the mutual funds... also include all kinds of securities that you hold in your demat account. This typically comprises shares, tax-free bonds, NCDs, infrastructure bonds, gold ETFs and such other securities that you may have bought through your demat account.

Monday, November 24, 2014

6 key triggers to sell mutual funds

Many investors sell their mutual funds when the markets or NAVs are down.

Many investors sell their mutual funds when the markets or NAVs are up.

Many investors sell their mutual funds when the markets or NAVs go nowhere.

All of them are WRONG.

Market movements or NAV changes are not the right reasons to say good bye to MFs. If you do so, you will never realize the true potential of such investments; you will never make mind boggling returns; you will never become rich.

Friday, November 21, 2014

Not maintaining minimum balance in your account?

Are you one among the many who don't keep a close track of the balance in your bank accounts; especially when you have too many of them?

Are you one among the many who have had to pay a penalty for not maintaining the minimum monthly / quarterly average balance in your savings account as stipulated by your bank?

Good news! RBI comes to the rescue of such "inattentive" customers.

Thursday, November 20, 2014

Kisan Vikas Patra to double your money in 8.33 years

As informed last week, the Govt. of India was ready with its Budget 2014-15 proposal to re-introduce the Kisan Vikas Patra (KVP) Scheme and the same was expected shortly.

The details of the revived KVP have now been announced. The primary objective of re-launching the scheme is
a) to wean people away from gold,
b) protect them from fraudulent schemes

c) increase the savings rate, and
bring in the much desired financial inclusion.

The salient features of the 2014 edition of Kisan Vikas Patra Scheme are enumerated below.

Tuesday, November 18, 2014

Four Forbidden Rules for Real Estate Investment

Do's and don'ts apply to practically everything that we do. The idea being that we should derive the maximum benefits besides protecting ourselves from the pitfalls, if any.

And, in this respect, our personal finances are no different. Various facets of our day-to-day money matters — loans, credit cards, investments, insurance, taxation, etc. — too are guided by certain principles.

After forbidden rules on fixed deposits and insurance, we now look at the what we mustn't do when buying property.

Monday, November 17, 2014

Own many bluechips through new ETF

Since many years, it has become a trend for the Govt. of India. to sell some its family silver to bridge the gap between its expenditure and income. This is called disinvestment, wherein the Govt. off-loads a part or whole of its stake in the public sector companies.

This has been done in many forms. Sometimes the company was sold to an interested private sector company through auction. Sometimes, a part of the shareholding was transferred to the public in general through an IPO / FPO (Initial / Follow-on Public Offer).

Friday, November 14, 2014

What is Bonus Stripping?

Recently, one of India's most admired companies viz. Infosys announced a 1:1 bonus issue. In other words, all those who are shareholders of Infosys as on the record date, will get one additional share for every share that they hold in the company... free of cost.

Beware! This is not a lottery. As I had warned earlier, don't be fooled by Bonus Shares.

However, there is another aspect to bonus shares that is being exploited by some savvy investors and smart tax advisers.

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