JavaTechies / Personal Finance

"A smooth sea never made a skilled sailor." - Franklin D. Roosevelt   HDFC Equity Fund has launched 24 years ago on 1 st  January 1995. From an initial corpus (AUM) of ~ Rs. 52 crores in Jan’ 95, HDFC Equity Fund has grown from strength to strength and has an AUM of ~ Rs. 23,500 crores as on June 30, 2019. The Fund has stood the test of time over the last 24 years in which the market witnessed series of domestic and global events such as Asian Currency Crisis, Kargil War, Dot Com Bubble, Global Financial Crisis and multiple state and central elections resulting in market volatility. While such events and market volatility would have given cold feet to an ordinary equity investor, an investment through Systematic Investment Plan (SIP) would have helped those investors who would have continued with their SIP regardless of market volatility. Below table gives investment summary of SIP of Rs. 10,000 per month since the inception of the fund: SIP per Month Total Inve...

Wish you happy Christmas & New Year 2019 in little advance. This year is little busy with many professional & personal work so first post i was able to publish on JAN 2018 and this is late post on today. Now start your 2 nd  innings care free, your retirement corpus is 100% tax free. The Government on December 6, 2018 has approved tax exemption limit for Lump sum (one-time) withdrawal from NPS corpus at the time of retirement from the present 40% to 60%. At the time of retirement, a NPS subscriber can withdraw 60% of the accumulated corpus through lump-sum mode and remaining 40% has to be compulsory annuitized. Now, with this change entire 100% (60% lump-sum withdrawal and 40% annuity) in NPS will be tax free.

Wish you happy new year 2018. Let's start year with understanding the your tax saving investment base on your age group. and here is interest chart for those investment components . Source : ICICIIDirect. 

Mutual Fund Model Portfolio 2017 Courtesy : IIFL    

Why FMP and Debt Fund Better Than Fixed Deposit ?  Courtesy by : IIFL   

Hello Readers, Here, I able to collected short note about personal financial budget 2017-2018 year. 1) Income Tax rate cut to 5 % in the income slab between Rs 2.5 lakh and Rs 5 lakh from 10% Effect on Tax Payer : Positive. This will reduce the tax liability of all tax payers across slabs. The percentage reduction of tax liability will be greater for tax payers in the lower slabs. 2) Rebate under Section 87A reduced from Rs.5,000 to Rs.2,500 and the applicable limit has been reduced from taxable income of Rs.5 lakh to Rs.3.50 lakh. Please refer below illustration to understand the effect of both the above changes: 3) 10% surcharge on individual income above Rs 50 lakh and upto Rs 1 crore to make up for Rs 15,000 cr loss of due to cut in personal I-T rate. The existing surcharge of 15% for total income above Rs 1 crore remains unchanged. Effect on Tax Payer :Negative. This will increase the tax liability of tax payers with total income more than Rs.50 lakh and upto ...

Myth & Fact all about Mutual Fund Myth : Mutual funds are stock market investments  Fact : Mutual funds are diversified investments that invest across stocks, bonds, money market instruments and combination of these. Mutual  Myth: One can only invest large sum in mutual funds  Fact : An investor can start mutual fund investment via Systematic Investment Plan (SIP) mode and invest regularly with amount as small as ` 1000. Myth: SIP gives positive returns  Fact: Mutual fund SIPs are subject to market risks and there are no guaranteed returns in these tools Myth: SIPs are beneficial for short-term  Fact: There are different mutual fund options for short-term and long-term goals. SIPs have historically given better returns when invested for long-term. Myth : Net Asset Value (NAV) is the performance indicator of a mutual fund.  Fact : NAV is only the price per unit of your invested fund. The decision to select a mutual fund sho...