Saket Kumar Singh (FinWealth)

Each one of us have plans to create a healthy corpus for future by saving or investing today. But the main thing is WHERE TO invest then the answer comes out to be mutual funds. it is well known that for creating a long term wealth the equity portion of mutual funds plays a crucial role specifically when we are risk taker and seeking tax benefit as well. if we work out in such a way to invest in a SIP of around 38,000/ month then within a time span of 10 years we can become a crorepati @15% approx. which is not a big issue if we are in equity. Apart from the money to be invested we must have to be cautious about the diversification as the equity market is highly exposed to risk as well so parking your fund in different schemes or parting the total amount in the SIP of small amount and in to different funds including different sectors as when any specific sector or scheme will fall our overall portfolio will not fall. Start sip today... Posted by, saket kumar singh (Founder)

The transactions recognised by SEBI will be out of the ambit of the new rule introduced this year in the budget that provides for the imposition of capital gains tax if securities transaction tax has not been paid. The final notification of the rule, which is in the works, will ensure that genuine investments such as employee stock options and off-market strategic acquisitions do not face tax. To shield exemptions for genuine cases in which STT could not have been paid, it was provided that the government would notify situations in which the rule would not apply. But CBDT issued draft notifications specifying situations in which it would apply. Though the first and third provisions addressed key concerns, the second one on listed stocks not purchased over the exchange left the issue open-ended. 

As we all know the economic condition and yelling demand of output despite of sufficient input. most of the industry including IT and Telecom gives an unkind reminder to review your finances and plan in advance to sure easy going life standard during such crisis, 1. put an emergency fund apart Doing this will first of all safeguard you for the unseen and unwanted hazardous situation as well to feel relax for your own and your dependants security. Getting out the crisis may take few months or year so during your job you have to cut some block for these reuirements. All of us will think now that how much should be our emergency fund then answer is , the household expenses for atleast 6 months. you have to cut down your discretionery expenses to create a buffer for this. Park you funds in liquid fund for this need, 2. put your household budget with you consider the recent layoffs a wake up call and put a household budget in place. preparing such budget is not just accounting yo

This seems that the expectation of government to have each individual have their own house by 2022 will become real. The new rule according to which allowing the members of EPFO or the contributories to withdraw  their accumulations upto 90 percent to purchase their own house. According to which the member can make payments and EMI payments for their house from their accumultion provided the member should be registered with the housing society which has itself to be registered and having atleast 10 members constituting the registered society. an employee alloted the PF number have been considered as the member of EPFO. The new rules will be in addition to the existing rules for withdrawl of PF by the employees to fund their home buyings.He can withdraw funds in their individual capacity if he does not want to be a member of a housing society, provided all the requisite documents are in place. since the previous rule prevails, he can still withdraw in his individual capacity to pur

There is an expectation that the budget for the next financial year could find its presence by early january 2018 as signalled by NITI AYOG in a move to either make the financial year from april-march to january - december. Prime minister view was to change the financial year to jan-dec from current april-march as previous is adopted already by world bank as well as more than 150 countries around the world. Early budget will make the department to efficiently allocate and plan the budget for the defined sectors and for efficient implementation of plan for the whole financial year. By, saket kumar singh(Founder) Lakshya wealth services www.lakshyawealth.com like us us on facebook Follow us on linkedin & twitter

Everyone knows about the economical factors which directly or indirectly impacts the kitty of individual investors. when we talk about fixed income category , only one things strikes our mind first which fixed deposits or F.D with banks. Are we unware of the fact that other choices also exists in the market but the thing is we want to play safe, DOES IT SOUNDS GOOD. if yes then simply go for the same and wipe out the expectations of returns from your mind because as economy grows fixed income returns or interests will go down gradually. As a result of this boost SBI recently slashed their term deposit rates to 50 basis points which caused the 3 or more years rates to persist at 6.25 to 6.5, which is again a negative for our savings as inflation is near about what we earn out of our deposits. It is really good to see our economy in a growing phase and no question against its growth story in coming financial years but despite of having these changes we afraid of investing in other a